Announcement in the market of the name of a member who cannot meet his commitments to other members From this moment Stock Exchange debtors and creditors to the defaulter are created All open transaction are closed at prices determined by the committee after returns of all open transactions have been made These ‘making up’ prices are based on prices ruling on the day of the default (In the early days the attention of members to the announcements of a default was attracted by striking three blows on a rostrum with a wooden hammer )
The striking of a coin by placing a blank or flan horizontally between two dies and then striking the back of the top die with a hammer Last used in Australia to produce the Dump and Holey Dollar, the technique has now been replaced by the Coining Press