This the risk of members that has received financial benefit from an investor not making current contribution as at when due. Which will result reduced cash flow into the group custody account and the inability of the group to buyback financial instruments securing the cash benefit received by the member. All members that made the current contribution receive their individual securities back. The securities of defaulting members are sold by investors to recover their funds. However, the non-defaulting members are at the risk of reduced future cash flow as a result of default from member
