Without prejudice to the penalty mechanism referred to in paragraph 2 and the right to bilaterally cancel the transaction, where a failing participant does not deliver the financial instruments referred to in Article 5(1) to the receiving participant within 4 business days after the intended settlement date (‘extension period’) a buy-in process shall be initiated whereby those instruments shall be available for settlement and delivered to the receiving participant within an appropriate time-frame.
Gan dochar don sásra pionóis dá dtagraítear i mír 2 den Airteagal seo, agus don cheart chun an t-idirbheart a chealú go déthaobhach, más rud é nach n-éireoidh an rannpháirtí a dteipfidh air na hionstraimí airgeadais dá dtagraítear in Airteagal 5(1) a thabhairt don rannpháirtí is faighteoir laistigh de 4 lá gnó tar éis an dáta socraíochta a bheidh beartaithe (“tréimhse sínithe”) cuirfear tús le próiseas ceannaigh isteach i gcás ina mbeidh na hionstraimí sin ar fáil le haghaidh socraíochta agus go ndéanfar iad a sheachadadh chuig an rannpháirtí is faighteoir laistigh de thréimhse ama iomchuí.