6.7.2
Past version: Effective up to 09 Dec 2018
(1) In accordance with the procedures set out below, CDP shall conduct buying-in against a short Clearing Member without giving prior notice to it.
(2) The securities bought-in shall be:
(a) credited to the Securities Account or sub-account of the short Clearing Member's customer in the case where it is the customer who has not made such securities available in his Securities Account or sub-account by such time as specified under Rule 6.5.2A, or failed to deliver the securities in accordance with Rule 6.5.2; and
(b) in any other case, the Stock Account of the short Clearing Member.
(3) The securities bought-in shall thereafter be debited from the short Clearing Member's customer's Securities Account or sub-account or the short Clearing Member's Stock Account, as the case may be, and credited to the short Clearing Member's Clearing Account.
(4) The costs of the buying-in shall be paid by the short Clearing Member.
Amended on 3 April 20083 April 2008 and 20 November 200920 November 2009.