DVP Rules [Entire Rulebook has been deleted]
Rule 3 — Legal Relationships and Legal Effect of DVP Instructions
3.2 Effect of Novation
When the DVP instructions have been matched, CDP shall earmark, in the CDP Systems, the securities from the Designated Securities Account from which the delivery is to be effected. CDP shall be entitled to debit the earmarked securities on Settlement Day of the matched and validated transaction in DVP Settlement.
Amended on 3 October 20093 October 2009.