JSE Brokerage Operations Practice Questions - JSE Brokerage Operations Management Course Examination Exam

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Under JCSD rules, if a JSE member-dealer fails to deliver securities on the settlement date (T+1), what procedure may be initiated to cover the short position?

A mandatory buy-in A cancellation of the trade An automatic extension of 5 business days A cash penalty paid to the exchange only

Correct Answer:

A mandatory buy-in

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