Whole Section

  • 4.3 Delivery of Securities to Depository Agent Deemed Delivery to Principal

    • 4.3.1

      A Depository Agent shall be fully authorised, when submitting an instruction in DVP Settlement, to designate on behalf of its Principal, the Securities Account from which delivery of securities to or from CDP will be made pursuant to Rule 3.2.5.

      Amended on 3 October 20093 October 2009.

    • 4.3.2

      The receipt by a Depository Agent of securities which CDP is obliged to deliver to its Principal shall be sufficient discharge to CDP of CDP's delivery obligations to its Principal. The delivery by a Depository Agent to CDP of securities which its Principal is obliged to deliver to CDP shall be sufficient discharge of the Principal's delivery obligations to CDP.