Retail cut-off bidding in OFS: retail investors can bid at cut-off price with proportionate allocation and cash margin requirement. Sellers may permit retail investors to bid at a cut-off price alongside price bids; sellers must announce a floor price by 5 pm on T 1, exchanges will decide retail-eligible quantities based on that floor price, and no indicative price will be published for the retail portion. Margins for cut-off bids are at the floor price; retail bids below cut-off are rejected, bids at cut-off are allocated proportionately on oversubscription, and any unsubscribed retail portion may be allocated to non-retail. Clearing corporations shall collect 100% cash margin for retail bids and settlements shall follow normal secondary market processes.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Retail cut-off bidding in OFS: retail investors can bid at cut-off price with proportionate allocation and cash margin requirement.
Sellers may permit retail investors to bid at a cut-off price alongside price bids; sellers must announce a floor price by 5 pm on T 1, exchanges will decide retail-eligible quantities based on that floor price, and no indicative price will be published for the retail portion. Margins for cut-off bids are at the floor price; retail bids below cut-off are rejected, bids at cut-off are allocated proportionately on oversubscription, and any unsubscribed retail portion may be allocated to non-retail. Clearing corporations shall collect 100% cash margin for retail bids and settlements shall follow normal secondary market processes.
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