PART A.3 - SECURITY USAGE RESTRICTIONS AND CORRECTING SEGREGATION DEFICIENCIES

4326. Fails – client or other Dealer Members

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    1. If a Dealer Member has failed to receive securities within 15 business days of settlement date from a client or another Dealer Member, the Dealer Member must:

      1. borrow the same issue of securities to cover the deficiency, or

      2. undertake to buy‑in the securities. 

    There is no history log for this rule.