Rent Stocks
Stock renting and Borrowing
If the borrower fails to deliver the securities NSCCL conducts a buy‐in auction to acquire the securities on the reverse leg settlement date. If securities are not available in auction then the transaction is financially closed out at the below mentioned close out rate i.e. higher of
• Maximum trade price in the capital market segment of NSEIL from (reverse leg settlement day – 1 day) to reverse leg settlement day, or
• 25% above the closing price of the security in the capital market segment on the reverse leg settlement day.
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