The obligation of the selling customer to make delivery of securities to CDP pursuant to a New Sale Contract shall be discharged by CDP transferring such securities from the Securities Account of the selling customer and crediting CDP's account on such Settlement Day as CDP may determine. Title and right to such securities shall not at any time pass to the Defaulting Clearing Member. In the event that there are insufficient or no securities in such Securities Account that can be transferred to CDP, the selling customer shall be responsible to CDP for such shortfall.
The selling customer shall ensure that the securities are available in his Securities Account by the time set out in the CDP Settlement Rules, or such time as CDP shall specify.
Where the selling customer:
such securities will be acquired in the manner prescribed by CDP to discharge the selling customer's delivery obligation.