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Article 13
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When a principal, after selling securities on the spot market, fails to complete an opposite purchase to close out the day trade, the principal shall be solely liable for all fees incurred in connection with any borrowing of securities, or bidding or price negotiation for the borrowing of securities, to cover any shortfall in securities deliverable in day trading, or with settlement-driven securities borrowing, and for any price difference and other fees incurred in connection with a forced repurchase.
By 5 p.m. on the first business day after a forced repurchase for the return of borrowed securities, the principal shall pay in full any price difference and fees incurred in connection with a forced repurchase under the preceding paragraph, and will be deemed in default if the payment is late.
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