Whole Section

  • 2.5 Application for Participation in DVP Settlement by Settlement Banks

    • 2.5.1

      Any Bank which meets the payment facility requirements of Settlement Banks under Rule 2.6.1 shall be eligible to participate as a Settlement Bank in DVP Settlement.

    • 2.5.3

      Notwithstanding that a Bank is eligible to participate as a Settlement Bank in DVP Settlement, admission as a Settlement Bank shall be subject to the absolute discretion of CDP and shall be subject to such additional requirements, undertakings, terms and conditions as CDP may, in its absolute discretion, deem fit.