Issuance of Recalls
Recalls should be issued either via an agreed communication method the bilaterally-agreed party prior to 60 minutes before the market where the recall is to settle closes. All recalls should be issued in line with standard settlement cycles. Recalls should be acknowledged within 3 hours or by 17:00 London time, whichever is soonest for market participants located in EMEA. Gilts: Notification of an intent to recall a Gilt from loan should be sent (and acknowledged by the recipient by 10:00 London time, on settlement date. UST's: Notification of an intent to recall a UST from loan should be sent (and acknowledged by the recipient) by 15:00 London time on settlement date. (IBP-136 AGREED IN 2017)
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