Where the failing or the receiving participant is a CCP, CSDs shall ensure the following:
(a)
that CCPs are provided with the calculation of the cash penalties for the failed settlement instructions submitted by those CCPs;
(b)
that CCPs collect the cash penalties referred to in point (a) from the clearing members that caused the settlement fails;
(c)
that CCPs distributes the cash penalties referred to in point (b) to the clearing members that are affected by the settlement fails;
(d)
that CCPs report to the CSD on the penalties that they have collected and distributed, on a monthly basis.