Subject to Rule 6.6.3, CDP shall, pursuant to any Novated Contract which is due for settlement on any Settlement Day, to make delivery of securities to the buying Clearing Member on that Settlement Day. CDP's obligation to make such delivery shall be discharged by CDP crediting such securities to the Clearing Account of the buying Clearing Member. Upon such crediting, unless an Exchange Trade is settled by FOP Transaction Settlement or CPF Trade Settlement (see Rule 6.5.1), the buying Clearing Member irrevocably authorises CDP to credit such securities into the "Available" balance of the Securities Account or sub-account of the customer of the buying Clearing Member on whose behalf the buying Clearing Member executed the relevant Exchange Trade for Inter-Broker Settlement.

Amended on 3 April 20083 April 2008, 1 July 20081 July 2008, 23 January 200923 January 2009 and 26 April 201326 April 2013.