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Article NO. Content

Title:

Regulations Governing Securities Borrowing and Lending by Securities Firms  CH

Amended Date: 2015.11.02 
Article 16     A securities borrowing and lending agreement shall at least contain the following:
  1. Borrowing/lending period.
  2. Handling fee rate, and lending fee rate expressed as percentage.
  3. Purpose for borrowing the securities.
  4. Methods of custody and redelivery of securities, and conditions for early redelivery.
  5. Collateral type, substitution, ratio, and maintenance ratio.
  6. In the event the market value of the collateral exceeds the required ratio, the mode for returning the excess amount or offsetting it against other collateral requirements.
  7. Calculation and payment of interest on cash collateral.
  8. Compensation of entitlements.
  9. Actions upon event of default.
  10. Handling of customer information.
  11. Cause for termination.