Series 53: Acceptance Of Delivery

Taken from our Series 53 Online Guide

Acceptance of Delivery

In the event the buyer completes the transaction with the delivering party (seller) by the date and time specified in the notice of close-out, the seller will be entitled to recover from the buyer, in addition to the agreed purchase price of the securities, all actual and necessary expenses incurred by the seller due to the purchaser’s rejection of delivery.

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