Past version: Effective from 10 Dec 2018 to 05 Sep 2021
On any Settlement Day, if and to the extent that the securities available to CDP are insufficient for CDP to settle its delivery obligations under the New Purchase Contracts that are due for settlement on that Settlement Day, CDP may:
(1) defer any of those delivery obligations, in whole or in part, for settlement on the next Settlement Day; or
(2) cash settle any of those delivery obligations, in whole or in part.
Refer to Practice Note 6.5.1B(2), 6.6.2, 6.7.11, 8.4.1A, 8.5.2A and 8.6F.2
Added on 10 December 201810 December 2018.