Past version: Effective up to 09 Dec 2018

Pursuant to DVP Rule 6.5.1, where CDP credits securities to the Clearing Account of the buying Clearing Member and an Exchange Trade is settled by FOP Transaction Settlement or CPF Trade Settlement, the buying Clearing Member irrevocably authorises CDP to credit such securities into the "Free" balance of the securities sub-account of the customer of the buying Principal Clearing Member on whose behalf the buying Clearing Member executed the relevant Exchange Trade for Inter-Broker Settlement.

Amended on 13 October 200813 October 2008.