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Article 36
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A securities finance enterprise that provides securities settlement financing shall establish operating rules for such business and submit them to the competent authority for approval.
The operating rules referred to in the preceding paragraph shall clearly state the following matters:
- Opening of financing accounts.
- The terms and conditions for opening a financing account.
- Application for and repayment of financing.
- Calculation of the collateral financing ratio.
- Calculation of the collateral maintenance ratio.
- The types of collateral, ratios, and deadline for replenishment of collateral.
- The disposition of collateral.
- Other matters which must be stated in accordance with the regulations of the competent authority.
A securities finance enterprise that provides securities settlement financing shall proceed in accordance with the operating rules under the paragraph 1.
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