Template:Nutshell GMSLA Buy-In: Difference between revisions

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'''{{gmslaprov|Buy-In}}''' means an arrangement whereby, when a transferor has failed to deliver securities to a transferee, the transferee is entitled to acquire [[equivalent]] [[securities]] equivalent in the market and recover its costs of doing so from the transferor; <br>
'''{{gmslaprov|Buy-In}}''' means an agreement where a transferee who buys in [[equivalent]] [[securities]] to cover a settlement failure can recover its costs of doing so from a failing {{gmraprov|transferor}}; <br>