Past version: Effective from 10 Dec 2018 to 05 Sep 2021
If a selling customer's obligation to deliver securities under a New Sale Contract remains outstanding on the fifth (5th) Settlement Day (or such other number of Settlement Days as CDP may determine) after delivery is due, CDP shall, on the next Settlement Day, cash settle the selling customer's delivery obligation.
Refer to Practice Note 6.5.1B(2), 6.6.2, 6.7.11, 8.4.1A, 8.5.2A and 8.6F.2
Added on 10 December 201810 December 2018.