Review of Financial close out and Auction framework for corporate bonds traded on the Stock exchanges platform https://www.taxtmi.com/circulars?id=57936 In cases of shortage of delivery, exchanges/clearing corporations may effect a financial close-out at the highest price on the trade date (which becomes the trade price) with a 1% markup, and must introduce a uniform auction mechanism to deal with settlement shortages, with exchanges required to implement systems, amend bye-laws, and notify members. en-us Fri, 10 Feb 2017 00:00:00 +0530 Mon, 03 Dec 2018 15:49:00 +0530 TaxTMI RSS Generator Review of Financial close out and Auction framework for corporate bonds traded on the Stock exchanges platform https://www.taxtmi.com/circulars?id=57936 In cases of shortage of delivery, exchanges/clearing corporations may effect a financial close-out at the highest price on the trade date (which becomes the trade price) with a 1% markup, and must introduce a uniform auction mechanism to deal with settlement shortages, with exchanges required to implement systems, amend bye-laws, and notify members. Circulars SEBI Fri, 10 Feb 2017 00:00:00 +0530 https://www.taxtmi.com/circulars?id=57936