When Issued Dealing

Often called ‘conditional’ dealing or ‘grey market’ dealing, When Issued Dealing is a period of conditional dealing with deferred settlement. When Issued Dealing typically takes place in securities which are due to be listed or admitted to trading on one of the Exchange’s markets. Trades during the When Issued period, are conditional on the security being listed or admitted to trading and can only settle once trading has become unconditional. Where the security is not listed or admitted to trading, all transactions effected during the period of When Issued dealing are void.

 

Go to When Issued Dealing Guidance for further information.

 

Go to the When Issued Dealing Application Form if you wish to apply for When Issued Dealing.