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On any voting day other than one for the election, by-election, and recall of public servants specified in the preceding article, the TWSE's centralized securities exchange market will not be closed. When the Central Election Commission declares that all authorities, schools, associations, enterprise and institutions in a constituency will be closed, securities firms in such constituency may, without prejudice to the exercise of voting rights, decide by themselves whether to operate business as usual. Payments and securities to be settled on such day will be handled by the TWSE in accordance with the following principles, without objection from any securities firm.
- Payments:
- Payments of a securities firm to be settled on a voting day in a constituency shall all be handled by its headquarters or a branch of the firm outside the constituency.
- The headquarters in the constituency shall designate a branch outside the constituency to handle the settlement. Where the designated branch is unable to complete the settlement, the TWSE may advance payment for the firm using the settlement and clearing fund paid by the firm; if the fund is not sufficient, the firm may request that the TWSE advance for the firm the settlement amount payable by the firm, to be repaid by the firm after the voting day.
- Where the headquarters and branch of the securities firm are both located in the constituency, the TWSE may advance the settlement amount for the firm using the settlement and clearing fund paid by the firm; if the fund is not sufficient, the TWSE will pay for the firm to complete the settlement, and the firm shall repay such payment after the voting day.
- Where the TWSE advances the settlement amount for the firm using the settlement and clearing fund of the firm, or where the firm requests that the TWSE advance for the firm the settlement amount payable by the firm to complete the settlement, the TWSE may notify the central depository that it shall keep in TWSE's account as security securities receivable in the same clearing period that are of an equivalent value.
- Securities:
With regard to securities of the securities firm in the constituency that are due to be settled, their delivery by book-entry transfer will be conducted as usual. If the deposited securities in an account to be settled are not sufficient, the TWSE may complete the settlement for the firm with borrowed securities and notify the central depositary that it shall keep in TWSE's account as security securities receivable in the same clearing period that are of an equivalent value or keep an amount equivalent to the settlement amount receivable. The said security is not subject to Paragraph 1, Article 109 of the TWSE Operating Rules.
- If the securities firm is confirmed unable to proceed with settlement when its headquarters and branches are all outside the constituency and its settlement bank is in another area and unable to operate business as usual due to the voting day, the firm shall prepare an explanation in writing, and the TWSE may take action according to Point 2(1).
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