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Article 9
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Collateral that a securities firm obtains in conducting non-restricted purpose loans and for which a client has issued a collateral transfer agreement may not be transferred for any other purposes except for the purposes listed below, and shall be deposited in central custody:
- As collateral for securities borrowing through the securities lending system of the TWSE.
- As collateral for securities borrowing or refinancing through a securities finance enterprise.
If the collateral in the preceding paragraph is provided in the form of a fund purchased in the securities firm's name in accordance with the latter part of paragraph 1, Article 17 or in the form of a client’s claims in outstanding settlement funds receivable, the securities firm may not further use such collateral for security purposesor use the same for other purposes.
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