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Options
- A
First business day after the Day of Intention
- B
Second business day after the Day of Intention
- C
Third business day after the Day of Intention
-
Settlement day
Correct answer
Why this is the answer
If securities are short delivered, the auction to fulfill the obligation is conducted on the settlement day itself. However, failure to notify intent to deliver leads to auction on the next business day after the Day of Intention.
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