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Article 17
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A quote to borrow securities through a fixed-price or competitive bid transaction shall be valid only for the day on which the quote is submitted, while a quote to lend securities through such a transaction shall remain valid until cancelled.
Where a subject security is halted from borrowing and lending transactions, any borrowing or lending quote for the subject security that has already been submitted before the halt occurs but is not yet executed shall remain valid, and cancellation or reduction in quantity of the quote is permitted.
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