If a securities firm is short of underlying securities to meet its obligations to redeliver securities, it may seek refinancing from a securities finance enterprise.
First, the Lakers have the rest of the regular season. “Fulfilling the obligation of an 82-game schedule” is how Phil Jackson so indolently describes it.
The cancellation right stems from the right of Paul's appeal in Roman law.It has now become an important preservatory man-sure in the law of obligation.