Buy-in auction
An open market purchase conducted by the clearing corporation through the exchange system to obtain shares a seller failed to deliver, so the buying broker can be paid out.
This one is not written up yet
The definition above is the short version. A full explanation — how it works, a worked example and the exam traps — is still being written. In the meantime the chapter below covers it in context.
Written up from the same chapter
Where this is taught
Free preparation for NISM Series VII← All terms