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Article 19
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The beneficial certificates in Article 2, subparagraph 2, item 1 and their underlying ETF beneficial certificates may be swapped with each other at the ratio of one trading unit to one trading unit.
If a principal applies to a securities broker for swapping, the TWSE will seek confirmation from a central securities depository that the amount sought in the application is less than or equal to the balance available in the custodial book-entry account and, upon such confirmation, advise the securities firm in response of the success of the swap application.
The swap time is between 8:30 A.M. and 4:25 P.M.
No swap application is allowed in respect of the beneficial certificates in paragraph 1 if they are used for purchasing and borrowing positions by way of margin purchase.
The beneficial certificates in Article 2, subparagraph 2, item 1 and their additional ETF beneficial certificates shall, during the split and reverse split period, stop swapping from two business days before the lock-up date to until the end of the lock-up period.
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