6.5.6

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CDP Clearing Rules

Rule 6 — Clearing and Settlement between Clearing Members and CDP 6.5 Settlement of Securities in respect of Novated Contracts

(1) Any compensation under Rule 6.5.4 shall be made in such form and value, and be due by such time, as CDP shall specify.

(2) Where CDP requires any action by a Clearing Member to effect such compensation, the Clearing Member shall do so, and shall obtain all necessary authorisation from its Customer to enable it to do so, by such time as CDP shall specify.

Refer to Regulatory Notice 6.5.

Added on 10 December 2018 10 December 2018.