When a seller is not in a position to deliver the securities he has sold, the buyer sends in his application for buying-in, so that the securities can be bought from the market and delivered to him. This process by which the securities are procured on behalf of the Defaulter is known as Auction.
You may also like
An organization, usually a bank or other approved institutions that hold the securities and other assets of mutual funds and other institutional […]
Commission payable to the stock broker for arranging the sale or purchase of securities. Maximum chargeable commission is fixed by the Exchanges.
Portfolio Management Services (PMS), a service offered by the Portfolio Manager, is an investment portfolio in stocks, fixed income, debt, cash, structured […]
IPO or Initial Public Offering is the process by which a company raises capital by issuing shares to investors with the intention […]