On the day of buying-in, the Exchange will seek to obtain stock that is available for settlement as per the timetable in section 3. At the Exchange’s discretion, where necessary, other settlement periods may apply. The Exchange executes trades throughout normal trading hours for the security concerned.

Once a buying-in transaction has been executed, the Exchange will notify both the liable and requesting parties. The liable party will be required to enter a matching delivery instruction in the appropriate settlement system on a T + 1 basis. For CREST settled stocks this will be a “DEL”.

The liable party will be notified of the cost incurred and must ensure that the consideration and dealing charges match with the Exchange or its settlement agent. For CREST the relevant participant code is 850. The liable party must ensure that the transaction settles and that the securities delivered are used to settle the original outstanding transaction against which a buying-in notice was issued.