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Article NO. Content


Taiwan Stock Exchange Corporation Guidelines for Securities Brokers in Reporting Failed Trades and Defaults by Principals  CH

Amended Date: 2016.03.08 
Categories: Securities Exchange Market > Out-trade
3     Reporting of failed trades and cancellation operations:
    If the principal is an offshore overseas Chinese, foreign national, or mainland area investor, and the principal has failed to complete settlement on time and the securities broker has not reported default, the securities broker shall input the failed trade information into the TWSE computer by 11 a.m. on the second business day after the trade date.
    The securities firm shall keep detailed records of the handling of failed trades under the preceding paragraph.
    If it is on record that the securities broker reported a failed trade to the TWSE as provided in the preceding paragraph, if by 6 p.m. on the third business day after the trade date, the principal performs its settlement obligations on time for its securities sold or for the price payable after netting its buy and sell trades or the securities broker reports an out-trade, the securities broker shall report to the TWSE to cancel the record of the failed trade.