Chapter IX Clearing And Settlement Funds And Processing Fees |
| 118 | Securities firms shall deposit clearing and settlement fund with the TWSE in accordance with the regulations prescribed by the Competent Authority. The deposit into such fund shall be limited to cash only, and the method for management of such fund shall be separately prescribed.
|
|
| 119 | A securities firm that terminate the market usage contract shall settle its trades on the Exchange of the TWSE, and shall further clear all accounts before applying with the TWSE for refund of the clearing and settlement fund.
|
|
| 120 | The fee schedule of handling fees to be collected by the TWSE from the securities firms representing the purchaser and seller shall be formulated jointly by the TWSE and the Securities Dealers Association, and shall take effect after it is reported to and approved by the Competent Authority.
Where the TWSE is engaged by a securities firm to handle any matters on its behalf in accordance with paragraph 2 of Article 5, the handling fee payable by such securities firm to the TWSE shall be formulated jointly by the TWSE and the Securities Dealers Association, and shall take effect after it is submitted to and approved by the Competent Authority.
|
Info |
| 121 | The TWSE shall calculate the handling fees payable before the end of each month based on the trading volume engaged in by each securities firm for the then current month and the fee schedule referred to in the immediately preceding Article, and shall issue and forward an invoice to each securities firm. The securities firms shall make full payment before the 10th day of the following month.
|
Info |