DVP Rules [Entire Rulebook has been deleted]
Rule 3 — Legal Relationships and Legal Effect of DVP Instructions
3.5 Representations Made When A DVP Instruction Submitted by the Principal is Matched and Validated
When a receiving Principal submits a DVP instruction which is matched and validated, the Principal warrants, represents and undertakes to CDP that it has sufficient funds to pay the purchase consideration and brokerage (if any) for the transaction or transfer to CDP on Settlement Day.
Amended on 3 October 20093 October 2009.