(a) Save for the scenario specified in paragraph (b) below, under no circumstances shall CDP's liability and the amount of damages owing to a Settlement Participant exceed 100% of the aggregate amount of the fees, charges, penalties or default interest paid by the Settlement Participant in the calendar year the incident giving rise to the claim(s) in question occurs.
(b) CDP will be liable for the principal value of the money and/or securities that is the subject of CDP's error, if and only if CDP erroneously debits money and/or securities from a Settlement Participant's Cash Ledger Account and/or Securities Account or erroneously fails to credit money and/or securities to a Settlement Participant's Cash Ledger Account and/or Securities Account.
Added on 10 December 201810 December 2018.