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7.7.1

In order to cancel a matched and validated DVP transaction which is due on a Settlement Day, the following conditions must be satisfied:

(a) The value of the proposed cancellation shall not cause any Principal's net debit balance for the current Settlement Day to exceed the Principal Net Debit Cap applicable at the time the proposed cancellation is to be made; and
(b) The value of the proposed cancellation shall not cause any Principal's total net debit balance to exceed the Principal Net Debit Cap applicable at the time the proposed cancellation is to be made.

Amended on 3 October 20093 October 2009.