a situation where a recipient of JGBs in a transaction does not receive the JGBs from the delivering party on the scheduled settlement date
The failure to deliver cash or collateral in time for the settlement of a transaction.
A transaction between two broker-dealers on which delivery does not take place on the settlement date. A transaction in which a broker-dealer has yet to deliver securities is referred to as a “fail to deliver;” a transaction in which a broker-dealer has not yet received securities is referred to as a “fail to receive.
A trade that does not settle properly, as the seller failed to deliver security as contracted or the buyer does not have money to pay.
A situation where either the seller fails to deliver the security in proper form or the buyer fails to deliver funds in the proper form on settlement date. As long as the fail exists, the seller will not be paid.
An unfulfilled exchange contract where a selling broker fails to deliver the securities to a buying broker on the settlement date for the trade.
Non-performance of a contracted act on the specified day, E.G. fail to deliver stock on settlement day.
trade is said to fail if on settlement date either the seller fails to deliver securities in proper form or the buyer fails to deliver funds in proper form.
A trade is said to fail if on the settlement date the seller fails to deliver securities to the buyer or the buyer fails to deliver proper funds to the seller. The buyer is said to have a "fail to receive" and the seller is said to have a "fail to deliver."