Whole Section

  • Rule 21 — Notices

    • 21.1 Notices

      • 21.1.1

        All notices, instructions requests, demands or other communications which are not required to be given in the instructions, or through SWIFT, or to be given on any other on-line communications system pursuant to these DVP Rules may be given in writing, by hand or by facsimile and shall be deemed to have been duly given or served if it is addressed to the respective parties hereto to the following addresses and numbers:-

        (a) If to CDP, at the Singapore address and fax number as notified in the DVP Procedures
        (b) If to the Principal, at its Singapore address as notified to CDP in writing from time to time.
        (c) If to the DA, at its Singapore address as notified to CDP in writing from time to time.
        (d) If to the Settlement Bank, at its Singapore address as notified to CDP in writing from time to time.
        (e) If to the Clearing Bank, at its Singapore address as notified to CDP in writing from time to time.

        Amended on 3 October 20093 October 2009.

      • 21.1.2

        Any notice, requests, demands or other communications shall be deemed to have been received:

        (a) on the same day if delivered by hand; and
        (b) immediately if transmitted by facsimile (provided an error free transmission report is obtained by the sender) or other electronic means.
    • 21.2 Change of Address

      • 21.2.1

        Any party may by seven (7) days' notice served aforesaid change the address or facsimile number for service referred to in Rule 21.1.1 above.

    • 21.3 Authorised Signatories

      • 21.3.1

        The Participant shall notify CDP of the persons authorised (the "Authorised Signatories") to execute any of the prescribed forms pursuant to these DVP Rules on behalf of the Participant, or to give to CDP any of the notices, instructions, requests, demands or other communications pursuant to Rule 21.1.1.

      • 21.3.3

        CDP shall not be liable for any losses, damages, claims, costs, demands, expenses and liabilities of whatsoever suffered or incurred by any Participant howsoever arising from any forgery of the Authorised Signatories' signatures or any alterations or forgery of the prescribed forms, notices, instructions, requests, demands or other communications which are made in writing pursuant to Rule 21.1.1 where such alterations or forgery cannot be easily detected or where the alteration or forgery is due to the Participant's negligence.