CREST residual mechanism
In the case of a buying-in transaction in a security that is eligible for settlement through the CREST residual mechanism, the liable party must enter a residual delivery instruction “RES” into CREST for matching with the Exchange (CREST participant code 850).
The consideration and dealing charges settle through CREST and the delivery of the physical stock takes place through the CCSS counter (CREST Courier and Sorting Service).
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