What is an auction?
“Sale” There’s something about that word that gets people’s attention. You can almost see the raised eyebrows and the dollar signs in their eyes. It means they have an opportunity to buy quality products at fair and reasonable prices. It makes them anxious and excited. What about when you hear the word “auction” — what do you think of? Does it conjure up the same images for you? Do you think “opportunity?” Do you think “rare and unusual items?” Well, we are here to tell you that an auction is all of the above and more. In fact, an auction is not only the best and most exciting kind of “sale” it is also the most advantageous type of sale for both buyers and sellers. And through the years, it has become the sale of “choice” by many, many people throughout the country. Auction Myths How many of you have been to an auction? Well, for those of you who haven’t, we want to dispel a couple of myths. Auctions are a CHOICE for today’s buyers and sellers. They are not a “last option.” Many peop
The Stock Exchange is rigorous in the enforcement of its settlement schedules in terms of timely receipt of funds and securities as well as in the handling of short and bad deliveries. All short deliveries and unrectified bad deliveries of shares are put up for auction on the payout day. This is to ensure that the buying member receives the securities on the payout day. The Stock Exchange purchases the requisite quantity from the auction market and delivers them to the buying Trading Member. These stocks are bought at a higher price than the market price, and the price premium is borne by the seller for failure to deliver the shares.
A. An auction is a mechanism utilised by the exchange to fulfil its obligation towards the buying trading members. Thus, in case for a settlement, the selling trading members have delivered short, their deliveries are bad or they have not rectified the company objection reported against them, the exchange purchases the requisite quantity from the market and gives them to the original buying member. Auctions are generally held on Friday.
An auction is a mechanism utilised by the exchange to fulfil its obligation towards the buying trading members. Thus, in case for a settlement, the selling trading members have delivered short, their deliveries are bad or they have not rectified the company objection reported against them, the exchange purchases the requisite quantity from the market and gives them to the original buying member. Auctions are generally held on Friday.
An auction is a mechanism utilised by the exchange to fulfil its obligation towards the buying trading members. Thus, in case for a settlement, the selling trading members have delivered short, their deliveries are bad or they have not rectified the company objection reported against them, the exchange purchases the requisite quantity from the market and gives them to the original buying member. Auctions are generally held on Wednesday.
