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Article NO. Content


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

Amended Date: 2015.06.04 
Categories: Securities Exchange Market > Clearing and Settlement
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.