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  • Settlement Bank(s)

    • CSD-2.1.2

      The licensed clearing house may undertake the settlement function directly, or from time-to-time appoint settlement bank(s) to act as the settlement bank(s) for the settlement of the transactions.

      Amended: April 2016

    • CSD-2.1.3

      The appointed settlement bank(s) shall act as agent(s) of the licensed clearing house for the collection and payment for funds towards settlement obligations, margins and other dues.

      Amended: April 2016