DVP Rules
- Rule 1 — Application and Definitions
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Rule 2 — Applications for Participation and Participation Criteria
- 2.1 Participants in DVP Settlement
- 2.2 Application for Participation in DVP Settlement by Principals:
- 2.3 Payment and Settlement Facility Requirements of Principals
- 2.4 Application for Participation in DVP Settlement by Depository Agents
- 2.5 Application for Participation in DVP Settlement by Settlement Banks
- 2.6 Settlement Bank Payment Facility Requirements
- 2.7 Participation in DVP Settlement by Clearing Members
- 2.8 Participation in DVP Settlement By Clearing Bank
- Rule 3 — Legal Relationships and Legal Effect of DVP Instructions
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Rule 4 — Legal Relationships Between Depository Agent and Principal
- 4.1 Authority of Depository Agent
- 4.2 Submissions of DVP Instructions and Cancellations of DVP Transactions by Depository Agent
- 4.3 Delivery of Securities to Depository Agent Deemed Delivery to Principal
- 4.4 Communications Between CDP and Principal Via Depository Agent
- 4.5 Termination of Depository Agent by Principal
- 4.6 Depository Agent May not Act for More than One Principal
- 4.7 Non-Application of This Rule to A Principal Who is A DA
- Rule 5 — Time-Table for Sending of Instructions and Payment
- Rule 6 — Cancellation of Instructions
- Rule 7 — Money Settlement
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Rule 8 — The Settlement Bank
- 8.1 The Settlement Bank
- 8.2 Netting of Net Credit and Net Debit Balances
- 8.3 Settlement Bank Net Money Settlement Statement
- 8.4 Setting of Principal Net Debit Cap
- 8.5 Setting Principal Net Debit Cap to Zero
- 8.6 Guaranteed Value
- 8.7 Default of Principal in Payment of the Net Debit Balance
- 8.8 Termination of Payment Facilities to Principal by the Settlement Bank
- Rule 9 — Termination of Principal and Its DA
- Rule 10 — The Clearing Bank
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Rule 11 — Termination of the Settlement Bank
- 11.1 SB Default Notice
- 11.2 Disciplinary Action Against Settlement Bank Upon Receipt of SB Default Notice
- 11.3 Termination of Settlement Bank By CDP
- 11.4 Termination of Guarantee and Indemnity for the Settlement Bank by the Clearing Bank
- 11.5 Termination by Settlement Bank
- 11.6 Obligations Arising Upon Termination of Settlement Bank
- 11.7 Action by Principal Upon Termination of Settlement Bank
- Rule 12 — Securities Settlement
- Rule 13 — Block Trades
- Rule 14 — DVP Rules
- Rule 15 — Fees and Interest
- Rule 16 — Books and Records of the DA
- Rule 17 — Statements and Reports
- Rule 18 — Suspension of DVP Settlement
- Rule 19 — Liabilities of CDP
- Rule 20 — Disclosure
- Rule 21 — Notices
- Rule 22 — Communications in DVP Settlement
- Rule 23 — General
- Annexes
- DVP Procedures Handbook