Whole Section

  • 7.1 Execution of Settlement Instructions

    • 7.1.1

      A Settlement Instruction is executed when all payment and delivery entitlements and obligations as specified in the Settlement Instruction are settled pursuant to Rules 7.3 and 7.4.

      Added on 10 December 201810 December 2018.

    • 7.1.2

      To enable the execution of any Settlement Instruction, a Settlement Participant shall ensure that:

      (a) it has sufficient money deposited with CDP and available in its Cash Ledger Accounts to settle its payment obligations in respect of the Settlement Instruction; and/or
      (b) it has sufficient securities available in its Delivering Securities Account(s) to meet its delivery obligations in respect of the Settlement Instruction.

      Added on 10 December 201810 December 2018.