6. Failure to settle
6.1. If you do not:
- comply with the obligations set out in this Agreement or the Rules relating to a Transaction; and
- make full payment or good delivery for your Transactions by the settlement date you authorise us, our directors and employees or agents to:
- sell on your behalf any Securities that are the subject of the Confirmation, outstanding in your Account or in our control or possession at your risk and expense, including brokerage, stamp duty and other costs; and
- apply the proceeds to reduce your liability to us.
6.2 Where we have incurred additional costs, we will either set off or direct debit funds from you or demand payment from you in writing.