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57
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The trading of securities over the Exchange shall be divided into the following three categories:
- Normal settlement.
- Trade date settlement.
- Designated date settlement.
The settlement of normal settlement trades shall take place 2 business days after the trade date.
The settlement of trade date settlement trades shall be effected by written agreement of both parties, and settlement shall take place on the trade date.
The rules regarding the settlement of designated date settlement trades shall be prescribed by the TWSE and reported to and approved by the Competent Authority before implementation.
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