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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 33-3     A borrower in a fixed-price or competitive bid transaction may apply to withdraw any excess collateral for which the pledged collateral value exceeds the original margin requirement.
    Where a borrower applies for withdrawing a foreign currency cash collateral, the value of said collateral is the value as converted into New Taiwan Dollars at the buying rate upon closing of the previous business day of a bank designated by the TWSE. Fractions of a dollar do not count.
    To apply to withdraw any excess collateral, the borrower shall instruct a securities firm to submit a withdrawal application on its behalf via the TWSE securities lending system; upon receipt of the application, the TWSE will proceed pursuant to the preceding article as applied mutatis mutandis.