That would be considered short selling:
This is from POEMS but I believe its in general a CDP process
https://www.poems.com.sg/faq/trading/short-sell...
If you do not have the required shares in your account for delivery on the Settlement Day (the second Market Day following the trade day, or T+2), CDP will buy-in shares on the market to satisfy the delivery obligation. Buying-in shall commence at the time scheduled by CDP on the Settlement Day or the following and successive Market Days.
CDP shall have absolute discretion to raise the price* bid by 2 minimum bids, as determined by SGX-ST, from time-to-time throughout the Settlement Day until the securities are bought or delivered to CDP.
If the securities cannot be obtained during the Settlement Day, the buying-in shall continue on the following and successive Market Days at 2 minimum price* bids higher as determined by SGX-ST.
If the securities cannot be obtained by the close of the following Market Day, the buying-in shall continue on the following and successive Market Days at 2 minimum price* bids higher as determined by SGX-ST. CDP may also require the Short-Seller to procure the securities within the time stipulated by CDP.
SGX may impose a potential penalty of S$1000 or 5% of the value of the failed trade (whichever is higher) for all buy-ins. A processing fee of S$75 + GST for each failed contract and a brokerage fee of 0.75% + GST of contract value (for the buying-in contract) will be imposed by SGX.
That would be considered short selling:
This is from POEMS but I believe its in general a CDP process
https://www.poems.com.sg/faq/trading/short-sell...
If you do not have the required shares in your account for delivery on the Settlement Day (the second Market Day following the trade day, or T+2), CDP will buy-in shares on the market to satisfy the delivery obligation. Buying-in shall commence at the time scheduled by CDP on the Settlement Day or the following and successive Market Days.
CDP shall have absolute discretion to raise the price* bid by 2 minimum bids, as determined by SGX-ST, from time-to-time throughout the Settlement Day until the securities are bought or delivered to CDP.
If the securities cannot be obtained during the Settlement Day, the buying-in shall continue on the following and successive Market Days at 2 minimum price* bids higher as determined by SGX-ST.
If the securities cannot be obtained by the close of the following Market Day, the buying-in shall continue on the following and successive Market Days at 2 minimum price* bids higher as determined by SGX-ST. CDP may also require the Short-Seller to procure the securities within the time stipulated by CDP.
SGX may impose a potential penalty of S$1000 or 5% of the value of the failed trade (whichever is higher) for all buy-ins. A processing fee of S$75 + GST for each failed contract and a brokerage fee of 0.75% + GST of contract value (for the buying-in contract) will be imposed by SGX.