Whole Section

  • 3.6 Obligations of CDP

    • 3.6.1

      CDP shall not be under any obligation to, and shall not be liable to, any party for instructions which have been matched and validated, but which do not correspond to an actual trade transacted on SGX-ST.

      Added on 3 October 20093 October 2009.

    • 3.6.2

      CDP shall not be under any obligation, and shall not be liable to any party, to ensure that DVPT instructions submitted correspond to an actual trade transacted on SGX-ST, before matching and validation takes place.

      Added on 3 October 20093 October 2009.

    • 3.6.3

      Where CDP has paid money and/or delivered securities pursuant to DVPT instructions which do not correspond with an actual trade transacted on SGX-ST for the same or lesser number of securities, CDP shall be able to recover any loss or damage suffered by it from the Clearing Member or Principal who submitted such instructions.

      Added on 3 October 20093 October 2009.