Common use of Buying-In Clause in Contracts

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.

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.