Past version: Effective from 10 Dec 2018 to 05 Sep 2021
For so long as the purchase consideration in respect of New Purchase Contracts has not been paid in full to CDP by a buying customer:
(1) CDP shall have no obligation to make delivery of any securities to that buying customer pursuant to the New Purchase Contracts; and
(2) to the extent that any securities pursuant to New Purchase Contracts have been transferred to the Defaulting Clearing Member's Clearing Account or the Securities Account of the buying customer, CDP shall have the right to recover such securities.
Added on 22 April 201322 April 2013 and amended on 10 December 201810 December 2018.