Appendix 1

Past version: Effective from 22 Apr 2013 to 25 Apr 2013

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

Event Full Day Half Day
One day before Settlement Day    
CDP to issue Proforma Daily Settlement of Account Statement to Clearing Members# By 10.00am By 10.00am
Settlement Day    
CDP to issue Daily Settlement of Account Statement to Clearing Members## By 10.00am By 10.00am
Settlement Run 12.00pm 9.00am
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 RMB trades within an hour of issuance of settlement 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 HKD trades within an hour of issuance of settlement 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 settlement instructions by CDP

Added on 25 February 201125 February 2011 and amended on 20 July 201220 July 2012 and 22 April 201322 April 2013.