(a) the Settlement Bank makes arrangements for the provision of payment facilities as required by CDP; and

(b) the Settlement Bank makes arrangements with the Clearing Bank for the provision of credit and guarantee facilities and the Settlement Bank furnishes a duly executed Letter of Guarantee and Indemnity from the Clearing Bank to CDP in the form as set out in Annex B that the Clearing Bank will guarantee the payment of and indemnify CDP against the non-payment of the Net-Net Debit Balance of that Settlement Bank on any Settlement Day in accordance with these DVP Rules.