Past version: Effective from 22 Apr 2013 to 09 Dec 2018
In respect of CDP's obligations to deliver securities under the Novated Contracts or New Purchase Contracts, to the extent that CDP determines that it is not or may not be possible or reasonably practicable to deliver securities, CDP's obligation shall be to make money compensation to Clearing Members or the buying customers concerned by reference to the market value of such securities at the time such securities were due to be delivered or the value at such other time as CDP shall consider fair and appropriate in the circumstances.
Amended on 23 January 200923 January 2009 and 22 April 201322 April 2013.