(a)

there is a market demand for DVP settlement evidenced through a request from any of the user committees of one of the linked CSDs;

(b)

the linked CSDs may charge a reasonable commercial fee for the provision of DVP settlement, on a cost-plus basis, unless otherwise agreed by the linked CSDs;

(c)

there is a safe and efficient access to cash in the currencies used by the receiving CSD for settlement of securities transactions of the requesting CSD and its participants.