Bilateral Arrangements

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Status: Under Review, Last Updated: 28/01/2022

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Collateral and subsequent trade leg should be agreed, instructed and delivered prior to the Delivery Versus Payment (DVP) cut-off of the related settlement market. The DVP deadline has been chosen for cut-off, being earlier than the Free of Payment (FOP) deadline. This earlier deadline then allows onward deliveries and sufficient tolerance to avoid any mandatory penalty or buy-in.

Ad-hoc or late agreement will be done on a best-efforts basis. (IBP-169)