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Article NO. Content


Taiwan Stock Exchange Corporation Rules for Administration of the Clearing and Settlement Fund of Securities Firms  CH

Amended Date: 2004.08.03 
Categories: Securities Exchange Market > Clearing and Settlement
Article 3     The TWSE shall set up a dedicated account for custody of the clearing and settlement fund it collects. It shall utilize the fund in the following manners in accordance with the Securities and Exchange Act:
  1. Purchase of government bonds.
  2. Deposit in banks, or savings deposits with the postal administration.
  3. Other manners of utilization reported to and approved by the Competent Authority.
    With respect to interest accrued from utilization by the TWSE of the clearing and settlement fund, the TWSE shall settle accounts on a half-yearly basis and reimburse any remaining interest, after deducting applicable fees and taxes, to the securities firms.