Versions

 

7.6.1

Validations of DVP instructions can only take place upon satisfaction of the following conditions:

(a) The value of the proposed DVP instruction shall not cause the Principal's net debit balance for the current Settlement Day to exceed the Principal Net Debit Cap applicable at the time the validation is to be made; and
(b) The value of the proposed DVP instruction shall not cause the Principal's total net debit balance to exceed the Principal Net Debit Cap applicable at the time the proposed validation is to be made.

Amended on 3 October 20093 October 2009.