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Rule 289. Must Receive Delivery

This rule is no longer applicable effective November 11, 2008.

When a member or member organization has delivered a buy-in notice pursuant to Rule 282, or has re-transmitted notice thereof as provided in Rule 285 [¶2285], the initiating member organization must receive and pay for those securities subject to the buy-in notice if tendered prior to the buy-in of such contract.

Rule 282. Buy-in Procedures

This rule is no longer applicable.

A contract in securities, except a contract where its close-out is governed by the rules of a Qualified Clearing Agency, which has not been completed by the seller in accordance with its terms, may be closed-out by the buyer (i.e., the initiating member organization) no sooner than three business days after the due date for delivery, pursuant to the following procedures: