10.3.1
The Clearing Bank may establish an SB Net Debit Cap for each Settlement Bank and shall notify CDP of the amount at the time the Settlement Bank applies for admission in DVP Settlement as a Settlement Bank through the duly executed Letter of Guarantee and Indemnity given to CDP by the Clearing Bank under Rule 2.6.1.
10.3.2
The SB Net Debit Cap shall not be greater than the aggregate of all the Principal Net Debit Caps of the Principals represented by the Settlement Bank.
10.3.3
Subject to Rule 13.3, at any time during the Settlement Day, the aggregate of all the net debit balances of all the Principals represented by the Settlement Bank shall not exceed the SB Net Debit Cap.
10.3.3A
A Settlement Bank who wishes to have its SB Net Debit Cap adjusted may apply to CDP in accordance with the procedures found in the DVP Procedures Handbook.
Added on 3 October 20093 October 2009.