How can we help you?

Search for an answer or browse help topics

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”.