DVP Rules [Entire Rulebook has been deleted]
Rule 9 — Termination of Principal and Its DA
9.3 Obligations Arising Upon Termination of Principal
Upon any termination, withholding or suspension of the Principal's participation in DVP Settlement, all liabilities and obligations owing to CDP shall become due and owing. Without prejudice to the generality of the foregoing, CDP shall immediately be entitled (but not bound) to:
(a) debit securities which have been earmarked by the Principal in its Designated Securities Accounts pursuant to delivery instructions (advance or otherwise);
(b) withhold delivery of securities to the Principal's Designated Securities Account pursuant to receiving instructions (advance or otherwise);
(c) issue Directives, Regulatory Notices, Practice Notes concerning the DVP transactions (advance or otherwise); and/or
(d) cancel the matched and validated transactions (advance or otherwise).
Amended on 3 October 20093 October 2009.