Whole Section

  • 6.2A Obligations under Novated Contracts

    • 6.2A.1

      Save as provided in these Clearing Rules, the obligations in respect of a Novated Contract are due for settlement as follows:

      (1) The obligation to make payment for securities and the obligation to deliver securities are due for settlement on the Intended Settlement Day of the Novated Contract and on each Settlement Day thereafter until they are fully settled, save that the obligation to make payment for securities is not due until:
       
      (a) those securities have been made available for delivery in accordance with the CDP Settlement Rules; or
      (b) the right to receive those securities is cash settled pursuant to these Clearing Rules.
      (2) The obligation to make compensation for corporate action entitlements pursuant to Rule 6.5.4 is due for settlement on such day as CDP shall specify and on each Settlement Day thereafter until they are fully settled.

      Refer to Regulatory Notice 6.5.

      Added on 10 December 2018 and Amended on 6 September 2021.