Article 2
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Net available funds of a securities firm are calculated as follows:
Net available funds = Current assets - Current liabilities + Clearing and settlement fund + Operating bond
When applying to a branch office in Taiwan of a foreign securities firm, the abovementioned formula is based on the balance of each such item as listed in the monthly statement filed by said office each month; when applying to a futures commission merchant that concurrently engages in securities business, the above formula is based on the balance of each such item as listed in the monthly statement of the securities department filed each month .
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