Upon receipt by the Board of confirmation from the Lead Mandated Bank that the requirements of Paragraphs CP-2.4.1 to CP-2.4.3 have been satisfied, the Board sends to each Eligible Depositor a certificate in the form set out in Appendix CP-1A, informing each Eligible Depositor of the amount of compensation due to him/her hereunder in respect of his/her Eligible Account(s) with the defaulting bank.