Whole Section

  • 1.3 Regard to be had to Purpose or Object of the Clearing Rules

    • 1.3.1

      Unless expressly provided to the contrary, all questions concerning the interpretation or application of or any other matter in connection with these Clearing Rules (including, without limitation, CDP Directives) shall be determined by CDP, whose decision shall be final and binding on all parties.

    • 1.3.2

      In the interpretation of any provision of the Clearing Rules, a construction that would promote the purpose or object underlying the Clearing Rules (whether the purpose is expressly stated in the Clearing Rules or not) is to be preferred to a construction that would not promote that purpose or object.