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Home > Support > Policies and Compliance > Auction process

What is a Close-Out?

Published: Thursday, 15 October 2020

Whenever there is short delivery of securities, Clearing Corporation/ Clearing House will conduct auction to buy the shares from the market participants. If on the auction day, there are no sellers for a particular short delivery, the Clearing Corporation / Clearing House will then carry out a process called “Close out”.

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