CDP Settlement Rules
Regulatory Notice 3.4.1 Settlement Schedule
Unless otherwise determined by CDP, the settlement schedule for Batch Settlement on each Settlement Day is as set out in Appendix 1 to this Regulatory Notice.
Appendix 1 to Regulatory Notice 3.4.1
| Time | |
• AUD delivery-versus-payment ("DVP") SIs to be submitted | by 8.00am |
• Preliminary AUD cash calls to be issued | by 8.30am |
• Preliminary AUD cash calls to be met | by 9.30am |
• CNY and HKD DVP SIs to be submitted • EUR, GBP, SGD and USD DVP SIs to be submitted for intraday settlement run • Free-of-payment ("FOP") SIs to be submitted for intraday settlement run • Securities for the settlement of delivery obligations to be made available in Delivering Securities Account | by 10.00am |
• Start of intraday settlement run • SIs eligible for settlement optimised • Securities earmarked | 10.00am |
• Intraday cash calls for all currencies to be issued | by 11.00am |
• Intraday cash calls to be met | by 12.00pm |
• Completion of intraday settlement run (if all Intraday cash calls are met) • Money and securities settlement effected simultaneously | by 12.30pm |
• EUR, GBP, SGD and USD DVP SIs to be submitted for final settlement run • FOP SIs to be submitted for final settlement run • Securities for the settlement of delivery obligations to be made available in Delivering Securities Account | by 1.30pm |
• Start of final settlement run • SIs eligible for settlement optimised • Securities earmarked | 1.30pm |
• Final EUR, GBP, SGD and USD cash calls to be issued • Final AUD, CNY and HKD cash calls to be issued (if necessary) | by 2.30pm |
• Final cash calls to be met | by 3.30pm |
• Completion of final settlement run (if all Final cash calls are met) • Money and securities settlement effected simultaneously | by 4.00pm |
• Incremental cash calls on Clearing Members to be issued (if necessary) | by 4.00pm |
• Incremental cash calls to be met | by 5.00pm |
• Completion of settlement run (if incremental cash calls are issued) • Money and securities settlement effected simultaneously | by 5.30pm |
Added on 10 December 201810 December 2018 and amended on 21 October 201921 October 2019 and 25 January 2021.
Regulatory Notice 7.6 Compensation for Corporate Action Entitlements under Rule 7.6
1. Subject to paragraph 2, the corporate action entitlements in respect of which CDP may submit Settlement Instructions for compensation of a receiving Settlement Participant if the delivering Settlement Participant fails to deliver are as set out in Appendix 1 to this Regulatory Notice.
2. CDP will not submit Settlement Instructions for compensation if the Settlement Instruction was a linked account Settlement Instruction and the corporate action entitlement is in the form of money.
Appendix 1 to Regulatory Notice 7.6
The corporate action entitlements referred to in paragraph 1 of Regulatory Notice 7.6 are as follows:
(a) Mandatory without option corporate action entitlements, other than non-renounceable securities, bond redemptions or compulsory acquisitions.
Added on 10 December 201810 December 2018 and amended on 23 August 201923 August 2019.
Regulatory Notice 4.4.2 RTGS Cut-Off Times for Submission and Execution of Settlement Instructions
1. The timelines referred to in Rule 4.4.2(a) are set out in Appendix 1 to this Regulatory Notice.
Appendix 1 to Regulatory Notice 4.4.2
| RTGS SI | Currency | Cut-off times |
| RTGS DVP | AUD | 8.00 am |
| CNY | 10.00 am | |
| HKD | 10.00 am | |
| EUR | 3.30 pm | |
| GBP | 3.30 pm | |
| SGD | 3.30 pm | |
| USD | 3.30 pm | |
| RTGS FOP | - | 9.00 pm |
Added on 10 December 201810 December 2018 and amended on 29 January 201929 January 2019 and 21 October 201921 October 2019.