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Article NO. Content

Title:

Operation Directions for Securities Firms or Securities Finance Enterprises Accepting Applications by Customers to Extend the Durations of Individual Margin Purchases and Short Sales  CH

Repeal Date: 2016.12.30 
Categories: Securities Exchange Market > Margin Transaction
5     A securities firm or securities finance enterprise shall, prior to the expiry of the six months' period of each margin purchase and short sale, review a customer's credit status and shall notify the customer in writing ten business days prior to the expiry if it disagrees with the extension; no notification is required if the extension is approved. Extensions prior to the expiry of a one year's period shall be effected in the same manner.