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7.1.2

To enable the execution of any Settlement Instruction, a Settlement Participant shall ensure that:

(a) it has sufficient money deposited with CDP and available in its Cash Ledger Accounts to settle its payment obligations in respect of the Settlement Instruction; and/or
(b) it has sufficient securities available in its Delivering Securities Account(s) to meet its delivery obligations in respect of the Settlement Instruction.

Added on 10 December 201810 December 2018.