A Settling Bank can limit the net debit cap assigned to each Participant it represents. However, the maximum amount set by a Settling Bank cannot exceed the Participant’s system-calculated net debit cap established by DTC.
The Depository Trust Company
Executive Director, Enterprise Risk Management
55 Water Street
New York, NY 10041
DTC will process an instruction received by 2:30 p.m. eastern time, in time to be effective as of the opening of the next business day.