diff --git a/libraries/chain/asset_evaluator.cpp b/libraries/chain/asset_evaluator.cpp
index 1f2826a00d..853c66f4c9 100644
--- a/libraries/chain/asset_evaluator.cpp
+++ b/libraries/chain/asset_evaluator.cpp
@@ -447,7 +447,9 @@ void_result asset_settle_evaluator::do_evaluate(const asset_settle_evaluator::op
    FC_ASSERT(asset_to_settle->can_force_settle() || bitasset.has_settlement() );
    if( bitasset.is_prediction_market )
       FC_ASSERT( bitasset.has_settlement(), "global settlement must occur before force settling a prediction market"  );
-   else if( bitasset.current_feed.settlement_price.is_null() )
+   else if( bitasset.current_feed.settlement_price.is_null()
+            && ( d.head_block_time() <= HARDFORK_CORE_216_TIME
+                 || !bitasset.has_settlement() ) )
       FC_THROW_EXCEPTION(insufficient_feeds, "Cannot force settle with no price feed.");
    FC_ASSERT(d.get_balance(d.get(op.account), *asset_to_settle) >= op.amount);
 
diff --git a/libraries/chain/hardfork.d/CORE_216.hf b/libraries/chain/hardfork.d/CORE_216.hf
new file mode 100644
index 0000000000..91af76371b
--- /dev/null
+++ b/libraries/chain/hardfork.d/CORE_216.hf
@@ -0,0 +1,4 @@
+// bitshares-core #216 Process to reset a Smartcoin after a Black Swan
+#ifndef HARDFORK_CORE_216_TIME
+#define HARDFORK_CORE_216_TIME (fc::time_point_sec( 1498762800 ))
+#endif
diff --git a/tests/tests/operation_tests.cpp b/tests/tests/operation_tests.cpp
index 896e318aaf..e671724ec7 100644
--- a/tests/tests/operation_tests.cpp
+++ b/tests/tests/operation_tests.cpp
@@ -275,6 +275,7 @@ BOOST_AUTO_TEST_CASE( black_swan )
 
       // make sure pricefeeds expire
       generate_blocks(db.head_block_time() + GRAPHENE_DEFAULT_PRICE_FEED_LIFETIME);
+      generate_blocks( HARDFORK_CORE_216_TIME );
       generate_blocks(2);
 
       FC_ASSERT( bitusd_id(db).bitasset_data(db).current_feed.settlement_price.is_null() );