DVP Rules [Entire Rulebook has been deleted]
Rule 3 — Legal Relationships and Legal Effect of DVP Instructions
3.2 Effect of Novation
The transaction accepted for DVP Settlement shall (unless earlier cancelled in accordance with Rule 6) be novated to CDP immediately after the Cut-off Time for DVP Validation on the Settlement Day on which such transaction is due for settlement in DVP Settlement.
Amended on 3 October 20093 October 2009.