DVP Rules [Entire Rulebook has been deleted]
Rule 8 — The Settlement Bank
8.3 Settlement Bank Net Money Settlement Statement
Past version: Effective from 25 Feb 2011 to 25 Apr 2013
The receipt by CDP of the Net-Net Debit Balance payable by a Settlement Bank shall operate as a complete release and discharge on that Settlement Day:
(a) to CDP of the Net Credit Balance payable to a Principal represented by that Settlement Bank; and
(b) to a Principal represented by that Settlement Bank of the Net Debit Balance payable to CDP.
Added on 25 February 201125 February 2011.