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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
8     Where the securities firm is engaged to purchase or sell securities, it shall set up a designated current deposit account (settlement account) in a financial institution to manage the receipt and payment of settlement payments of the principal. Funds in said settlement account may not be used for other purposes, unless the principal has authorized the securities firm to keep custody of and invest the funds and to invest balances of funds from the trading of securities on behalf of the principal.