6.7.5 Buying-In Requests by Clearing Members

Past version: Effective up to 21 Apr 2013

When a customer or a Trading Member qualified by a Clearing Member, does not make available such securities in its Securities Account or sub-account by such time as specified under Rule 6.5.2A or fails to deliver securities to the Clearing Member by the Settlement Day in accordance with Rule 6.5.2, that Clearing Member may instruct CDP to buy-in against the customer or Trading Member qualified by it.

Buying-in by CDP shall be executed in accordance with the procedures set out in Rule 6.7.

Amended on 20 November 200920 November 2009.