Partial deliveries should be matched and agreed on a vendor platform prior to being instructed for settlement in the market. T2S enables auto-partialling of returns but this capability can only be used if both counterparties have subscribed to this functionality. Otherwise, partial bookings will be settled on a best efforts basis. If returns are matched but the delivering counterparty is short the position, the recipient should agree to accept partial returns. For recalls the delivering recipient will always offer a partial settlement on value date. (IBP-125 UNDER ISLA REVIEW)
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