Past version: Effective up to 09 Dec 2018
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 credited to the Defaulting Clearing Member's Clearing Account or the Securities Account or sub-account of the buying customer, CDP shall have the right to recover such securities.
Added on 22 April 201322 April 2013.