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Article 2
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When a securities firm cannot settle a securities trade because it has committed an error in the consignment or transaction, because a consignor has failed to settle the trade on time, because the circumstances under Article 109 Paragraph 1 of the Operating Rules apply to the securities, or because there are other legitimate reasons preventing settlement, the securities firm shall report the settlement failure or file an application according to the Operating Rules and then borrow the securities.
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