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Article NO. Content

Title：

Directions for the Full Implementation of the Book-Entry Transfer System in the Centralized Securities Exchange Market  CH

Amended Date： 2024.03.26 (Articles 7 amended,English version coming soon)
Current English version amended on 2015.06.04 
Categories： Securities Exchange Market > Clearing and Settlement
Article Content Content Search Article No. Search Amended Article Legislative History Chinese
1     When a principal and a securities firm enter into a "Securities Trading Brokerage Contract " and open an account, a central securities depository account and a deposit account at the financial institution designated by the securities firm ("Book-Entry Account") shall be opened simultaneously. The securities firm may accept securities trading orders from the principal only after the above-mentioned accounts have been opened and the principal has executed a letter of authorization with the financial institution authorizing said institution to receive and make settlement payments.

Interpretation：