4.2.1
CDP will, and each Settlement Participant irrevocably authorises CDP to, submit Settlement Instructions:
(a) for settlement of rights and obligations between each Clearing Member and CDP under the CDP Clearing Rules;
(b) to effect any action that CDP is entitled to take, and to settle any rights and obligations arising, under the CDP Clearing Rules, in relation to the default of a Clearing Member; or
(c) pursuant to Rule 7.6.2.
Added on 10 December 201810 December 2018.
4.2.2
Subject to Rule 4.2.3:
(a) the intended settlement day of any Settlement Instruction submitted by CDP for the settlement of securities and money consideration under a Novated Contract will be the intended settlement day of the Novated Contract; and
(b) the intended settlement day of any Settlement Instruction submitted by CDP for the settlement of any other right or obligation under the CDP Clearing Rules will be the due date for the settlement of that right or obligation as specified by CDP under the CDP Clearing Rules.
Added on 10 December 201810 December 2018.
4.2.3
CDP may subsequently submit, amend, cancel or reissue any Settlement Instruction to effect any cash settlement, under the CDP Clearing Rules, of an obligation to deliver or right to receive securities.
Added on 10 December 201810 December 2018.