Versions

 

3.4.1

Any securities delivered or to be delivered by the Principal pursuant to a DVP transaction shall be delivered free from any interest of the Principal's client. The client shall not retain any equitable or legal interest in the securities debited from his securities account pursuant to a DVP transaction and shall not be entitled to trace nor claim any interest in the securities. The client's sole remedy in respect of such securities shall be against the Principal who delivered the securities.

Amended on 3 October 20093 October 2009.