Cash calls for deposit of money
(a) In respect of each Batch Settlement, CDP may issue, by the cut-off time set out in Appendix 1 of Regulatory Notice 3.4.1, or such other time as CDP may specify, cash calls for the deposit of money by a Settlement Participant with CDP to enable settlement of the Settlement Participant's payment obligations.
(b) The Settlement Participant must, by the cut-off time set out in Appendix 1 of Regulatory Notice 3.4.1, or such other time as CDP may specify, meet each such cash call.
(c) Nothing in these Rules precludes a Settlement Participant from depositing money with CDP to fund its Cash Ledger Account in the absence of a cash call.
(d) A Settlement Participant that fails to meet a cash call by the prescribed cut-off time shall be liable to CDP for any costs that CDP may incur as a result of, or in connection with, the failure.
Refer to Appendix 1 of Regulatory Notice 3.4.1.
Added on 10 December 201810 December 2018.