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Naked short: Difference between revisions
→Short Selling Regulations
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In respect of company shares the regulations require either that a firm has: | In respect of company shares the regulations require either that a firm has: | ||
*Borrowed sufficient shares to settle the short trade; | |||
*Entered into a binding agreement to borrow those shares; or | |||
*Has an arrangement with a third party (known as a “[[Locate]]") under which the third party has confirmed that the shares have been located and there is a reasonable expectation that they will be delivered. | |||
{{c3|Stock Lending|Equities|Regulation}} | {{c3|Stock Lending|Equities|Regulation}} | ||