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Article 39
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The scope of subject securities for securities borrowing and lending by securities finance enterprises is limited to the following:
- Securities eligible for margin purchase and short sale transactions.
- Other securities that are approved by the competent authority.
The sources of securities for securities borrowing and lending by securities finance enterprises are limited to the following:
- The securities finance enterprise's own holdings.
- Securities borrowed from the TWSE securities borrowing and lending system.
- Securities collateral for margin purchases obtained through securities margin purchase and short sale business.
- Securities borrowed from customers.
- Securities borrowed from a securities firm or other securities finance enterprise that conducts securities borrowing and lending business or securities margin purchase and short sale business.
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