6.1.1
A Principal and a qualifying Clearing Member of the Trading Member may, at any time before the Cut-off Time for DVP Validation on any Settlement Day, submit an instruction to cancel a DVP transaction. A DVP transaction that is due for settlement on a Settlement Day which is not cancelled by the Cut-off Time for DVP Validation for that Settlement Day shall be locked-in after the said Cut-off Time for DVP Validation and the rights and obligations as detailed in Rule 3 which arise as a result of the matching and validation become irrevocable.
Amended on 3 October 20093 October 2009.
6.1.2
Where a DVP transaction has been matched and validated in advance, the Principal and a qualifying Clearing Member of the Trading Member may submit an instruction to cancel the DVP transaction at any time before the Cut-off Time for DVP Validation on Settlement Day the due date of settlement for the DVP transaction.
Amended on 3 October 20093 October 2009.
6.1.3
A DVPT transaction shall be cancelled only if instructions for cancellation have been received from the Principal and the qualifying Clearing Member and matched, before the Cut-Off Time for DVP Validation.
Added on 3 October 20093 October 2009.
6.1.4
A FDVP transaction shall be cancelled only if instructions for cancellation have been received from the delivering Principal and the receiving Principal and matched, before the Cut-Off Time for DVP Validation.
Added on 3 October 20093 October 2009.