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Article NO. Content

Title:

Taiwan Stock Exchange Corporation Securities Borrowing and Lending Rules  CH

Amended Date: 2019.09.26 
Categories: Securities Exchange Market > Borrowing of Securities
Article 19     In fixed-price transactions, borrowing quotes are matched against lending quotes that state the same terms and conditions with respect to the recall notification period, on a transaction-by-transaction basis and in an order of priority determined as follows:
  1. With respect to borrowing quotes:
    1. Where the quantity from all lending quotes does not exceed that from all borrowing quotes, transactions will be executed for all lending quotes.
    2. Where the quantity from all lending quotes exceeds that from all borrowing quotes, the lending quotes will be matched in a random order determined by computer.
  2. With respect to lending quotes:
    1. Where the quantity from all borrowing quotes does not exceed that from all lending quotes, transactions will be executed for all borrowing quotes.
    2. Where the quantity from all borrowing quotes exceeds that from all lending quotes, the borrowing quotes will be matched in the order of the time they are entered.