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Title:

Taiwan Stock Exchange Corporation Securities Borrowing and Lending Rules  CH

Amended Date: 2019.09.26 
Categories: Securities Exchange Market > Borrowing of Securities
   Chapter I General Principles
Article 1    These Rules are adopted pursuant to Articles 82-2 and 109 of the Operating Rules of the Taiwan Stock Exchange Corporation (TWSE).
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Article 2    The term "securities borrowing and lending transaction," or simply "securities loan transaction," means a transaction in which a lender agrees to lend securities and the borrower to return or redeliver securities of the same kind and quantity.
Article 3    A lender may charge a securities lending fee for lending securities to a borrower.
Article 4    A lender shall warrant that the securities it offers for lending, and a borrower that the securities or bank guarantee it provides to secure a loan, are free and clear of all liens, claims, and encumbrances of any nature whatsoever, and that if any defect is found or any legal dispute arises, a replacement shall be made on the next business day following a notice to that effect.