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Article NO. Content

Title:

Regulations Governing the Conduct of Securities Trading Margin Purchase and Short Sale Operations by Securities Firms  CH

Amended Date: 2015.11.26 
Article 24     The funds or securities required by a securities firm conducting margin purchase or short sale business may be re-financed by a securities finance enterprise.
    When a securities firm processes re-financing referred to in the preceding paragraph, it shall nevertheless still separately perform its settlement obligations to the stock exchange or OTC exchange.
    The term "re-finance" means that a securities firm acquires financing of funds or securities from a securities finance enterprise.