Rule 296. Liquidation of Securities Loans and Borrowings
This rule is no longer applicable. Incorporated NYSE Rule 296 has been superseded by FINRA Rule 4314. Please consult the appropriate FINRA Rule.
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This rule is no longer applicable. Incorporated NYSE Rule 296 has been superseded by FINRA Rule 4314. Please consult the appropriate FINRA Rule.
This rule is no longer applicable.
When a loan of money is not paid before 2:15 p.m. of the day upon which it becomes due, the borrower shall be considered as in default and the lender may, without notice, sell the securities pledged therefor, or so much thereof as may be necessary to liquidate the loan.
This rule is no longer applicable.
A contract, other than a contract governed by the rules of a Qualified Clearing Agency in securities which have been suspended from dealings on the Exchange, which has not been fulfilled according to the terms thereof may be closed in the best available market by the party thereto who is not in default.
This rule is no longer applicable.
This rule is no longer applicable.
When a contract is closed, any member or member organization accepting the bid or offer, and not complying promptly therewith, shall be liable for any damages resulting therefrom.
This rule is no longer applicable effective November 11, 2008.
This rule is no longer applicable effective November 11, 2008.
When a member or member organization has delivered a buy-in notice pursuant to Rule 282, or has re-transmitted notice thereof as provided in Rule 285 [¶2285], the initiating member organization must receive and pay for those securities subject to the buy-in notice if tendered prior to the buy-in of such contract.
This rule is no longer applicable effective November 11, 2008.
This rule is no longer applicable effective November 11, 2008.