5.2.1
Each Settlement Participant shall maintain and nominate, for the purpose of meeting cash calls and/or receiving money from CDP, and CDP shall designate, for the purpose of receiving money from Settlement Participants:
(a) account(s) with the central bank for Singapore dollar; and
(b) account(s) with Settlement Banks for each foreign currency,
(each a "Bank Account" and collectively, "Bank Accounts").
Added on 10 December 201810 December 2018.
5.2.2
(a) Each Settlement Participant shall, in writing, provide CDP with details of its nominated Bank Account(s). Such nomination shall be subject to CDP's approval, and/or such terms and conditions as CDP may specify.
(b) CDP shall by circular or otherwise in writing provide the Settlement Participants with the details of its Bank Accounts.
Added on 10 December 201810 December 2018.