SGX Rulebooks
Link copied to clipboard

The Settlement Bank shall set the Principal Net Debit Cap of the Principal whom it is terminating to zero on the date of the issue of the Termination Notice, failing which the Settlement Bank shall be liable for all DVP transactions submitted by the Principal (advance or otherwise) up to the date on which the Termination Notice is to take effect.

Amended on 3 October 20093 October 2009.