Appendix 1

Past version: Effective from 25 Feb 2011 to 19 Jul 2012

The settlement of payment schedule for Clearing Members in respect of all currencies is as follows:

Event On Due Date
  Full Day Half Day*
CDP to issue Daily Settlement of Account Statement to Clearing Members# By 10.00am By 10.00am
Settlement Run 12.00pm to 2:00pm 9.00am to 10:15am
CDP to issue Online Transmission of Final Settlement Balances to Clearing Members^ 2.30pm 10.45am
Clearing Members to pay debit Final Settlement Balances to CDP By 3.30pm By 11.45am
CDP to pay credit Final Settlement Balances to Clearing Members By 4.30pm By 12.45pm

* Half day refers to CDP's half working days on the eve of Christmas, New Year and Chinese New Year

# Clearing Members must have sufficient money balance and/or credit lines with their settlement banks to enable the settlement banks to confirm CDP instructions for AUD and HKD trades within an hour of issuance of these instructions by CDP

^ Clearing Members must have sufficient money balance and/or credit lines with their settlement banks to enable the settlement banks to confirm CDP instructions for SGD and USD trades within an hour of issuance of these instructions by CDP

Added on 25 February 201125 February 2011