Disagreement Procedure. 10.1 If the Settlement Agent intends to enforce the Disagreement Procedure in order to revoke one or more payment instructions, it shall contact CC&G and the Clearing Member immediately within the terms indicated at Article B.1.1.6 paragraph 8 of the Instructions. 10.2 The Disagreement Procedure shall not be activated to revoke payment instructions submitted on a PM Segregated Account, as provided by art. B.1.1.6, paragraph 8, of the Instructions. 10.3 CC&G shall acknowledge the notification referred to in paragraph 1, without any obligation to verify its grounds and correctness, or the insufficiency of the PM Segregated Account referred to in paragraph 2, without any obligation to verify the reasons and shall adopt the consequent measures, of which the Parties declare to be aware, as provided under the Regulations and/or the Instructions.
Appears in 5 contracts
Samples: Membership Requirements Agreement, Membership Requirements Agreement, Membership Requirements Agreement
