SGX Rulebooks
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DVP Rules [Entire Rulebook has been deleted]
Rule 9 — Termination of Principal and Its DA

9.3.1

Any termination, suspension or withholding of the Principal's participation in DVP Settlement (howsoever occasioned) shall not affect any accrued rights or liabilities of any Participant nor shall it affect the coming into force or the continuance in force of any provision hereof which is expressly or by implication intended to come into or continue in force on or after such event.

9.3.2

Upon any termination, withholding or suspension of the Principal's participation in DVP Settlement, all liabilities and obligations owing to CDP shall become due and owing. Without prejudice to the generality of the foregoing, CDP shall immediately be entitled (but not bound) to:

(a) debit securities which have been earmarked by the Principal in its Designated Securities Accounts pursuant to delivery instructions (advance or otherwise);
(b) withhold delivery of securities to the Principal's Designated Securities Account pursuant to receiving instructions (advance or otherwise);
(c) issue Directives, Regulatory Notices, Practice Notes concerning the DVP transactions (advance or otherwise); and/or
(d) cancel the matched and validated transactions (advance or otherwise).

Amended on 3 October 20093 October 2009.

9.3.3

Notwithstanding the termination, withholding or suspension of the Principal's participation in DVP Settlement, CDP's rights and authorities concerning onward deliveries pursuant to Rule 12.2 shall not be affected. CDP may continue to credit and debit the Principal's Designated Securities Accounts for such onward deliveries.

9.3.4

On termination of the Principal's participation in DVP Settlement (howsoever occasioned) or suspension of DVP Settlement pursuant to Rule 18, all outstanding amounts owing to CDP shall become due and payable and the Principal shall forthwith pay CDP the same.