Bahrain Bourse (BHB) Material: Contents

Bahrain Bourse (BHB) Material
BHB Guarantee Contribution Fund Resolution
Article (21) Execution of Transactions Exceeding the Balance of the Guarantee Fund's Account
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Article (21) Execution of Transactions Exceeding the Balance of the Guarantee Fund's Account

21.1 Notwithstanding the provisions of Article (20) hereof, the Participant must pay the value of the transaction in cash, or provide any type of guarantee acceptable to the BSE, if the value of the transaction exceeds the balance of the Guarantee Fund at the time of application.
21.2 The guarantee referred to in sub-Article (21.1) above, must be provided prior to the execution of the transaction, and shall be deposited in the Liquidity Reserve account. The Participant shall have the right to cancel the said guarantee or amend it, if he re-sold the shares he bought at the same trading session.
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