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DVP Rules [Entire Rulebook has been deleted]
Rule 6 — Cancellation of Instructions

6.4.1

CDP shall be entitled (but shall not be bound) to cancel all or any of the Principal's DVP transactions, including, transactions which have been matched and validated in advance in the following circumstances:

(1) where the Principal, the Settlement Bank or the Clearing Bank has defaulted or breached any provision of these DVP Rules;
(2) where the Principal, the Settlement Bank or the Clearing Bank has been suspended pursuant to these DVP Rules; or
(3) where an Event of Default as set out under the Clearing Rules has occurred in respect of the qualifying Clearing Member of the Trading Member for the transaction.

Amended on 3 October 20093 October 2009 and 22 April 201322 April 2013.

6.4.1A

In cancelling any DVP transaction, CDP may require the Principal or the qualifying Clearing Member of the Trading Member for the transaction, or both, to undertake such action as may be necessary to facilitate or effect the cancellation. The Principal and the qualifying Clearing Member shall comply with such requirement.

Added on 22 April 201322 April 2013.

6.4.2

Where CDP has cancelled a DVP transaction, the instruction shall be deemed not to have been submitted for matching by the Principal or Clearing Member who qualified for the Trading Member. No novation of the transaction shall be deemed to have occurred and the rights and obligations as detailed in Rule 3 shall not arise.

Amended on 3 October 20093 October 2009.

6.4.3

The DVP transaction cancelled by CDP will not be eligible for DVP Settlement.

Amended on 3 October 20093 October 2009.