10.1.1
The Clearing Bank shall agree to abide by these DVP Rules and shall enter into a Clearing Bank Deed with CDP.
Amended on 25 February 201125 February 2011.
10.1.2
On any Settlement Day, the Clearing Bank shall be liable, as principal and primary obligor, to pay to CDP the Net-Net Debit Balance or any shortfall in the Net-Net Debit Balance of any Settlement Bank who has defaulted in its payment obligations to CDP pursuant to Rule 8.3.4. Subject to Rule 13.3, the Net-Net Debit Balance of any Settlement Bank shall not exceed its SB Net Debit Cap.