A Depository Agent may apply to CDP for admission to participate in DVP Settlement in accordance with the procedures found in the DVP Procedures Handbook.

Amended on 3 October 20093 October 2009.

Admission to participate in DVP Settlement as a Depository Agent acting as agent for a Principal shall be subject to the absolute discretion of CDP and shall be subject to such additional requirements, undertakings, terms and conditions as CDP may, in its absolute discretion, deem fit.

Where CDP decides not to admit any Depository Agent as agent for the Principal it shall not be under any obligation to given any reason for its decision.