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Article NO. Content

Title:

Terms for Establishment of Margin Accounts With Securities Firms for Margin and Stock Loans  CH

Repeal Date: 2016.12.30 
Categories: Securities Exchange Market > Margin Transaction
Article 4     Where a customer of a securities firm extending margin and stock loans has entered into a margin agreement with a securities finance enterprise via the securities firm, and where such agreement is not yet terminated, if such customer enters into a separate margin agreement with the securities firm within 6 months starting from the date on which it commences the margin and stock loaning business, the restrictions imposed by Article 2 in relation to account opening thresholds do not apply.
    The same shall apply to a customer of a securities firm that is extinguished as a result of a merger/consolidation or transfer of the whole of its business or property where the customer enters into a new margin agreement with the surviving securities firm within 6 months starting from the next day of the record date for the merger/consolidation or of the last business day of the transferring securities firm.