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Article 14
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Where a securities firm conducts securities lending, the securities firm and the customer shall negotiate and fix the rate at which the transaction will be executed, at a rate not to exceed 20 percent per annum, and with a tick of 0.01 percent.
The method for the calculation and collection of the securities lending fee shall be negotiated between the securities firm and customer and recorded in the agreement, provided that any fee arising from refinancing under Article 22, paragraph 2 of the Regulations Governing Securities Lending by Securities Firms shall be borne by the securities firm.
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