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7.7.2

In order to cancel a DVP transaction which has been matched and validated in advance,, the following conditions must be satisfied:

(a) The value of the proposed cancellation shall not cause any Principal's net debit balance for the Settlement Day on which the DVP transaction is due for settlement to exceed the Principal Net Debit Cap applicable at the time when 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.