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Federal Register / Vol. 86, No. 136 / Tuesday, July 20, 2021 / Notices
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Transactions,36 CDS Settlement Recap,37 CDS Settlement Recap Time,38
Collateral Monitor Conversion Rate,39
Cross-Border CAD Funds Transactions,40 Cross-Border CAD
Securities Transactions,41 Cross-Border Net Additions,42 Cross-Border USD
Securities Transactions,43 DTC
DTC Omnibus Account CAD Net Settlement Debit, as specified in the CDS Settlement Recap. All such payments to or by DTC are made to or by a Canadian bank acting on behalf of DTC. Id.
36 Pursuant to Rule 30, Section 1h7, Canadian-Link Securities Transactions is defined, individually or collectively as the context may require, Cross-Border CAD Securities Transactions, Cross-Border USD Securities Transactions and Intra-DTC CAD Securities Transactions. Id.
37 Pursuant to Rule 30, Section 12a, provides the definition of CDS Settlement Recap as follows:
On each CDS Business Day, by a time set forth in the Rules and Procedures of CDS, CDS calculates and provides to the Corporation a settlement recap the CDS Settlement Recap with i the net amount of CAD Funds payable by CDS to the Corporation a DTC Omnibus Account CAD Net Settlement Credit or by the Corporation to CDS
a DTC Omnibus Account CAD Net Settlement Debit, ii the net amount of USD Funds payable by CDS to the Corporation a DTC Omnibus Account USD Net Settlement Credit or by the Corporation to CDS a DTC Omnibus Account USD
Net Settlement Debit and iii other information in respect of the Cross-Border Transactions processed by CDS for the Corporation on such CDS
Business Day. Id.
38 Pursuant to Rule 30, Section 12a, CDS
Settlement Recap Time is defined as time when CDS provides the CDS Settlement Recap to DTC. Id.
39 Pursuant to Rule 30, Section 16b, provides the definition of Collateral Monitor Conversion Rate as follows: If any computation has to be made requiring the conversion of an amount of CAD
Funds into an amount of USD Funds for the purpose of calculating the Collateral Monitor of a Canadian-Link Participant pursuant to Section 9 of this Rule 30, the conversion rate for such purpose shall be a rate determined by a formula taking into account exchange rate fluctuations that shall be fixed by the Corporation and set forth in the Procedures the Collateral Monitor Conversion Rate. Id.
40 Pursuant to Rule 30, Section 1a4, the term Cross-Border CAD Funds Transactions is defined as the transfer of Canadian dollars between Participants of DTC and participants of CDS. Id.
41 Pursuant to Rule 30, Section 1a1, the term Cross-Border CAD Securities Transactions is defined as the settlement of valued transactions A
in Securities that are Eligible Securities as described in Section 1 of Rule 5 and in Securities that are not Eligible Securities B in Canadian dollars C between Participants of the Corporation and participants of CDS Cross-Border CAD
Securities Transactions. Id.
42 Pursuant to Rule 30, Section 7b, the term Cross-Border Net Additions is defined as any Cross-Border Securities credited to the DTC
Omnibus Account. Id.
43 Pursuant to Rule 30, Section 1a2, the term Cross-Border USD Securities Transactions is defined as the settlement of valued transactions in A Securities that are not Eligible Securities B in US dollars C between Participants of DTC and participants of CDS. Id.

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Omnibus Account CAD Net Debit Cap,44
DTC Omnibus Account CAD Net Settlement Credit,45 DTC Omnibus Account CAD Net Settlement Debit,46
DTC Omnibus Account Net Debit Cap,47
DTC Omnibus Account Net Settlement Credit,48 DTC Omnibus Account Net Settlement Debit,49 DTC Omnibus Account USD Net Debit Cap,50 DTC
Omnibus Account USD Net Settlement Credit,51 DTC Omnibus Account USD
Net Settlement Debit,52 DTC Canadian Settlement Bank,53 DTC Settlement Payment Deadline,54 DTC Settlement 44 Pursuant to Rule 30, Section 8a, the term DTC Omnibus Account CAD Net Debit Cap is defined as a limit established by CDS on the negative CAD Funds balance that may, from time to time, be incurred in the DTC Omnibus Account in respect of Cross-Border Transactions processed for DTC through the facilities of CDS in CAD Funds.
Id.
45 See supra note 37.
46 Id.
47 Pursuant to Rule 30, Section 8a, the terms DTC Omnibus Account CAD Net Debit Cap and DTC Omnibus Account USD Net Debit Cap are referred to, individually or collectively as the context may require, as the DTC Omnibus Account Net Debit Cap. See Rule 30, supra note 5.
48 Pursuant to Rule 30, Section 12a, the term DTC Omnibus Account Net Settlement Credit means the DTC Omnibus Account CAD Net Settlement Credit and DTC Omnibus Account USD
Net Settlement Credit, individually or collectively as the context may require. Id.
49 Pursuant to Rule 30, Section 12a, the term DTC Omnibus Account Net Settlement Debit means the DTC Omnibus Account CAD Net Settlement Debit and DTC Omnibus Account USD
Net Settlement Debit, individually or collectively as the context may require. Id.
50 Pursuant to Rule 30, Section 8a, the term DTC Omnibus Account USD Net Debit Cap is defined pursuant to the Rules and Procedures of CDS, as a limit established by CDS i on the negative USD Funds balance that may, from time to time, be incurred in the DTC Omnibus Account in respect of Cross-Border Transactions processed for the Corporation through the facilities of CDS in USD Funds. Id.
51 See supra note 37.
52 Id.
53 Pursuant to Rule 30, Section 13a, the term DTC Canadian Settlement Bank is defined as a Canadian bank acting on behalf of DTC for payments relating to CDS paying to DTC the amount of the DTC Omnibus Account CAD Net Settlement Credit, or DTC paying to CDS the amount of its DTC Omnibus Account CAD Net Settlement Debit, as specified in the CDS
Settlement Recap. See Rule 30, supra note 5.
54 Pursuant to Rule 30, Section 13b, the term DTC Settlement Payment Deadline is defined as on each CDS Business Day, by a time set forth in the Procedures of the Corporation, each CanadianLink Participant with a Canadian-Link CAD Net Settlement Debit shall pay to the Corporation the amount of its Canadian-Link CAD Net Settlement Debit, as specified in the DTC Settlement Recap.
See Rule 30, supra note 5. The time when such payment must be made is referred to as the DTC
Settlement Payment Deadline. Id.

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Recap,55 DTC Settlement Recap Time,56
Funds,57 Intra-DTC CAD Funds Transactions,58 Intra-DTC CAD
Securities Transactions,59 Participant Canadian Settlement Bank,60 Payment Default Conversion Rate,61 Payment
55 Pursuant to Rule 30, Section 12b, the term DTC Settlement Recap is defined as described in the following: On each CDS Business Day, by a time set forth in the Procedures of the Corporation, the Corporation shall calculate and provide to each Canadian-Link Participant a settlement recap a DTC Settlement Recap with i the net amount of CAD Funds payable by the Corporation to such Canadian-Link Participant a Canadian-Link CAD
Net Settlement Credit or by such Canadian-Link Participant to the Corporation a Canadian-Link CAD Net Settlement Debit, ii the net amount of USD Funds payable by the Corporation to such Canadian-Link Participant a Canadian-Link USD
Net Settlement Credit or by such Canadian-Link Participant to the Corporation a Canadian-Link USD Net Settlement Debit and iii other information in respect of the Canadian-Link Transactions of such Canadian-Link Participant processed through the Canadian-Link Service on such CDS Business Day, including both CrossBorder Transactions with CDS Participants processed for such Participant through the DTC
Omnibus Account and Intra-DTC Transactions with other Canadian-Link Participants processed for such Participant through Accounts with the Corporation. Id.
56 Pursuant to Rule 30, Section 12b, the term DTC Settlement Recap Time means the time when DTC provides the DTC Settlement Recap to Canadian-Link Participants. Id.
57 Pursuant to Rule 30, Section 1h5, the term Funds is defined as CAD Funds and USD Funds, individually or collectively as the context may require. Id.
58 Pursuant to Rule 30, Section 1a5, the term Intra-DTC CAD Funds Transactions is defined as the transfer of Canadian dollars between Participants of DTC and other Participants of DTC.
Id.
59 Pursuant to Rule 30, Section 1a3, the term Intra-DTC CAD Securities Transactions is defined as the settlement of valued transactions A in Securities that are Eligible Securities B in Canadian dollars C between Participants of DTC
and other Participants of DTC. Id.
60 Pursuant to Rule 30, Section 13d, the term Participant Canadian Settlement Bank is defined as a Canadian Bank acting on behalf of a Canadian bank to which all payments of CAD Funds to or by a Canadian-Link Participant shall be made. Id.
61 Pursuant to Rule 30, Section 16 c, Payment Default Conversion Rate is defined as follows: If any computation has to be made requiring the conversion of an amount of CAD Funds into an amount of USD Funds for the purpose of calculating the Gross Settlement Debit of a Canadian-Link Participant pursuant to Section 15 of this Rule 30, the conversion rate for such purpose shall be a rate determined by a formula taking into account all factors incident to the default of such Participant in the payment of its Canadian-Link CAD Net Settlement Debit that shall be fixed by the Corporation and set forth in the Procedures the Payment Default Conversion Rate. Id.

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