Whole Section

  • 4.5 Linked Settlement Instructions

    • 4.5.1

      A Settlement Participant may indicate in its Settlement Instruction that settlement of the Settlement Instruction is conditional on the settlement of one or more other Settlement Instructions ("Linked Settlement Instruction").

      Added on 10 December 201810 December 2018.

    • 4.5.2

      Subject to CDP's settlement processes and such terms and conditions as CDP may prescribe, CDP shall settle a Linked Settlement Instruction in the sequence or manner indicated.

      Added on 10 December 201810 December 2018.

    • 4.5.3

      Where two or more Linked Settlement Instructions indicate that they are to be settled with one another, the Linked Settlement Instructions will be settled on a net basis.

      Added on 10 December 201810 December 2018.