The purpose of this document is to outline:
1.1. The operational model for implementation of RSS (the “Operational Model”); and,
1.2. The relevant procedures for implementation of RSS (the “Procedures”).
2.1. Capitalized terms used in this Operational Model and these Procedures and not defined herein shall have the meaning given to them in the DFM Rules, CCP Rules, CSD Rules and SCA’s decisions.
2.2. Headings are for convenience only and shall not affect the interpretation of this Operational Model and these Procedures.
2.3. In this Operational Model and these Procedures, unless the context otherwise requires, the following words and expressions shall have the following meanings:
Locate Confirmation means a record evidencing that the DVP Investor placing the RSS Order has obtained confirmation from a lender that the lender has the security available to lend.
DVP Investor means a Client holding an investor number through a CSD Custodian and uses a CSD Custodian for settlement of Transactions.
Non-DVP Investor means a Client holdin...