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Fail to Deliver
(redirected from Open Fail)

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Fail to Deliver
A situation in which a buyer, or, more commonly, his/her broker does not receive delivery of the securities he/she bought by the settlement date. A fail to deliver occurs because of the negligence or deliberate withholding on the part of the seller. If a buyer does not receive the securities, he/she is not obligated to make payment until delivery is made. See also: Aged fail.
fail to deliver
Used to refer to the nondelivery of securities from a selling broker to a buying broker by the settlement date.
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According to the complaint, the Defendants conspired to maintain significant open fail deliver positions of millions of shares of NanoPierce stock for extended periods of time by using the Stock Borrow Program to cover these open and unsettled positions.
NanoPierce Technologies, Inc. Files Complaint Against The Depository ... by PR Newswire
HOPES of keeping the UK's last chromium plant open fail and the Teesside site's 138 staff were yesterday told they would lose their jobs.
pounds 175m data storage centre to be built by The Journal (Newcastle, England)
Pink Sheets:GVRP) announced today that the NASD had issued a Special Notice admonishing NASD Member Firms and other interested parties to "exercise great caution when executing customer or proprietary trades, including member-to-member transactions for the purposes of resolving open fails, until such time as members can be assured that the shares in circulation were part of a bona-fide issuance.
Gluv Corp. Announces Issuance by NASD of Special Notice Warning ... by Business Wire
 
 
 
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