Rule 15 — Fees and Interest
15.1 Fees Payable
The Participant will pay to CDP such fees and charges for transactions in DVP Settlement based on CDP's fee schedules and such fines and default interest as may be imposed by CDP from time to time.
Fees, charges, fines and default interest chargeable by CDP to the Principal shall be charged to the Depository Agent who shall be jointly and severally liable for the same.
Any fees, charges, fines and default interest chargeable by CDP from time to time shall be exclusive of the Goods and Services Tax ("GST") levied under the Goods and Services Tax Act (Cap 117A). The Participant shall also pay the applicable GST.
CDP shall be entitled to charge interest on any Net Debit Balance or Net-Net Debit Balance or any part thereof that is payable for any Settlement Day and which is not received by CDP by the time stated in the Timetable of that Settlement Day.