Glossary | Securities Finance Times

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Glossary

Buy-In

A process by which a buyer of securities enforces delivery from a seller who has failed to deliver the securities by purchasing the securities in the market and charging the defaulting seller for any costs incurred.

Buy-In News

Industry
eSecLending engages Pirum solution to deliver T+1 readiness

As the US securities lending industry transitions to T+1 settlements, eSecLending has adopted Pirum’s Recalls Manager solution

Regulation
EU Council revises mandatory buy-in rules

EU member states agree on proposed update for the Central Securities Depositories Regulation, including clarification on mandatory buy-in rules

Industry
UBS fined US$2.5 million for Reg SHO failures

FINRA has fined UBS Securities LLC US$2.5 million for Regulation SHO violations and for supervisory failings extending over a nine-year period

Regulation
ESMA postpones CSDR buy-in regime

Market participants have conveyed concerns over “serious difficulties” to implement the mandatory buy-in regime on the scheduled date

Regulation
ISLA responds to EC consultation on CSDR amendments

The International Securities Lending Association has responded to the European Commission consultation regarding proposed amendments to settlement discipline provisions of the Central Securities Depositories Regulation

Repo
South Street leads investment in hedge fund software firm Kayenta

Repo securities finance dealer South Street Securities Holdings has become the lead investor in a capital raise by Kayenta Ltd, a hedge fund software solutions developer

Industry
Eurex STS will cease to operate from 30 June

The decision of the European Commission to propose the removal of the buy-in obligation from SDR for an indefinite period renders the business proposition of Eurex STS unviable, says Deutsche Börse

Regulation
European Commission publishes proposal for CSDR review

The review aims to facilitate CSDs’ ability to offer cross-border services and improve their cross-border supervision