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Article NO. Content

Title：

Taiwan Stock Exchange Corporation Guidelines for Securities Brokers in Reporting Failed Trades and Defaults by Principals  CH

Amended Date： 2016.03.08 
Categories： Securities Exchange Market > Out-trade
Article Content Content Search Article No. Search Amended Article Legislative History Chinese
4     Procedures for handling failed trades:
  1. If a securities broker reports a failed trade by a principal, if the securities broker is required to carry out settlement procedures on the principal's behalf because the date for settlement by the principal comes due, when the principal performs its settlement obligation on time, the securities broker shall use any securities it has received due to carrying out settlement on the principal's behalf to return securities borrowed at that time, and shall use any price it has received due to carrying out settlement on the principal's behalf to offset any price it paid at that time.
  2. Securities borrowed, funds paid on the principal's behalf, and relevant costs incurred by the securities firm due to a failed trade shall be repaid by the participant to the securities firm at the time it performs its settlement obligation on time.