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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.

To establish or change the net debit cap for a Participant for which it settles, the Settling Bank must submit a letter of instruction to DTC requesting the amount of the net debit cap for the Participant. This letter should be sent via e-mail to This email address is being protected from spambots. You need JavaScript enabled to view it. using the Settling Bank’s e-mail domain, or via mail or overnight delivery addressed to:

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.

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