DVP Rules [Entire Rulebook has been deleted]
Rule 10 — The Clearing Bank
10.2 SB Default Notice to Clearing Bank on DVP Settlement Payment
Notwithstanding any manifest error in the SB Default Notice, the Clearing Bank shall pay the Net-Net Debit Balance as stated in the SB Default Notice or any shortfall thereof on behalf of the Settlement Bank to CDP by such time on the same Settlement Day as agreed between CDP and the Clearing Bank. Any disputes as to the amounts stated in the SB Default Notice may be considered by CDP only after CDP has completed payment of Net-Net Credit Balances to Settlement Banks and any monies to be refunded shall be refunded free of interest to the Clearing Bank on the next Settlement Day after the Settlement Day on which the dispute is resolved.
Amended on 25 February 201125 February 2011.