Buying-In. (a) Where a selling Trading Clearing Participant (“selling TCP”) in respect of a Ready Basis Contract, having sold Securities in board lots, fails to deliver the Securities by having the quantity of Securities sold as Tradeable Balance in the relevant securities account by the due settlement day, the Clearing House will instruct the Exchange to automatically buy-in against such selling TCP without notice on the second Market Day following the Contract Date. (b) No withdrawal of buying-in will be permitted unless the Clearing House determines otherwise in accordance with these Rules. (c) The Clearing House may initiate a withdrawal from buying-in in any circumstance the Clearing House deems fit and in such a case, the Clearing House will instruct the Exchange to withdraw the buying-in. (d) The Clearing House will instruct the Exchange to conduct the buying-in in accordance with such terms and conditions as may be specified by the Clearing House which include the following: (i) unless otherwise stated, the bidding price for buying-in of any Securities by the Exchange shall be ten (10) Ticks above the following prices, rounded up, where necessary, to the higher Tick:
Appears in 3 contracts
Samples: Rules and Regulations, Rules and Regulations, Rules and Regulations
Buying-In. (a) Where a selling Trading Clearing Participant (“selling TCP”) in respect of a Ready Basis Contract), having sold Securities in board lots, fails to deliver the Securities by having the quantity of Securities sold as Tradeable Balance in the relevant securities account by the due settlement day, the Clearing House will instruct the Exchange to automatically buy-in against such selling TCP without notice notice, on the second third Market Day following the Contract Date.
(b) No withdrawal of buying-in will be permitted unless the Clearing House determines otherwise in accordance with these Rules.
(c) The Clearing House may initiate a withdrawal from buying-in in any circumstance the Clearing House deems fit and in such a case, the Clearing House will instruct the Exchange to withdraw the buying-in.
(d) The Clearing House will instruct the Exchange to conduct the buying-in in accordance with such terms and conditions as may be specified by the Clearing House which include the following:
(i) unless otherwise stated, the bidding price for buying-in of any Securities by the Exchange shall be ten (10) Ticks above the following prices, rounded up, where necessary, to the higher Tick:
Appears in 1 contract
Samples: Rules of Bursa Malaysia Securities Clearing Sdn. Bhd.
