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LETTER TO THE EDITOR

Time to open up buying-in market

Wednesday, November 11, 2015 - 05:50

FUNDAMENTAL flaws exist in Mr Vincent Khoo's proposal - as described in his letter "Let remisiers buy-in for clients who short sell by mistake" (BT, Nov 4) - to allow buying-in of shorted securities from the ready market for delivery one day after T+4. The one-day delay will pose settlement