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Article 27
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Unless provided otherwise, customers, while making book-entry settlement of deposited securities, shall present the passbook as well as the specimen chop/signature for settlement confirmation. The said participant shall then make necessary record entries on each relevant customer's passbook and account book and notify the CSDE of the total amount of securities which the customers are required to deliver to the participant in the transaction.
The CSDE shall, upon receiving notification from the participant, immediately make book-entry transfer of the said securities from the "sub-account of customers" to the "sub-account pending settlement" on such participant's account book.
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