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6C.2.2

A "Payment Instruction" means an instruction given by CDP to a Settlement Bank to:

(a) place at the disposal of a Clearing Member by crediting a nominated account held by that Clearing Member at that Settlement Bank an amount of money to be debited from a nominated account held by CDP at that Settlement Bank; or
(b) place at the disposal of CDP by crediting a nominated account held by CDP at that Settlement Bank an amount of money to be debited from a nominated account held by a Clearing Member at that Settlement Bank.

The means by which a Payment Instruction may be communicated by CDP to a Settlement Bank shall be as agreed between CDP and the Settlement Bank.

Added on 26 April 201326 April 2013.