Whenever à book closure ôr record date îs announced ßy à company, thé Exchange sets à no-delivery period fôr thàt security. During thîs period, trading îs permitted în thàt security. However, thésé trades àré settled only after thé no-delivery period îs over. This îs done tô ensure thàt investor’s entitlement fôr corporate benefits îs clearly determined.
|