Internal shortage
A shortage arising where a selling client fails to deliver but the member has no obligation to the clearing corporation because another client's purchase netted it off.
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