[blml] L27

[David Burn]

[SW]

While I certainly agree with the sentiment, I'm worried that the 2007 L27C2
says otherwise.  What does it actually mean?

[DALB]

I don't think L27C2 applies to situations in which the insufficient bid is
not accepted and the bidder has to take a stab at the final contract. I
think it covers only those positions in which the IB is legally corrected
(by a call that "incorporates" the information contained in the IB) but it
is still considered that the IB assisted the offending side.

David Burn
London, England