‹ 2.8.1 3.1 Novation › Rule 3 — Legal Relationships and Legal Effect of DVP Instructions 3.1 Novation 3.1.1 3.1.2 3.2 Effect of Novation 3.2.1 3.2.1A 3.2.2 3.2.3 3.2.4 3.2.5 3.2.6 3.2.6A 3.3 Set off of Payment Obligations Under Novated Transactions 3.3.1 3.4 Rights of Clients of Principals 3.4.1 3.4.2 3.4.3 3.4.4 3.5 Representations Made When A DVP Instruction Submitted by the Principal is Matched and Validated 3.5.1 3.5.2 3.5.3 3.5.4 3.6 Obligations of CDP 3.6.1 3.6.2 3.6.3 ‹ 2.8.1 3.1 Novation ›
