6.5.1B

On any Settlement Day, if and to the extent that the securities available to CDP are insufficient for CDP to settle its delivery obligations in respect of Novated 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 and 8.2.2(3E) and Practice Note 6.5.1B(2).

Added on 10 December 2018 and Amended on 6 September 2021.