8.3.7

Past version: Effective from 25 Feb 2011 to 25 Apr 2013

If CDP is of the opinion that payment of the Net-Net Debit Balances or Net-Net Credit Balances, or both, is unlikely to commence by the scheduled time stated in the Timetable, CDP shall inform Settlement Banks of the following matters:

(a) that payment of the Net-Net Debit Balances or Net-Net Credit Balances, or both, is unlikely to commence at the scheduled time; and
(b) the estimated time at which the delayed payment will commence.

CDP shall provide adequate time for Settlement Banks to make payment and and Settlement Banks shall effect payment by such time as stipulated by CDP.

Added on 25 February 201125 February 2011.