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Article 28
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Where a customer in the name of the participant directly deposits with a CSDE securities that the customer has consigned to purchase and is entitled to receive, upon completion of the relevant settlement procedures, the participant shall record on the customer's passbook information regarding the types and quantities of securities and other necessary matters, and shall notify the CSDE of the total amount of securities required to be transferred to customers.
After the CSDE has received the said notification from the participant and the said purchased securities have been transferred to the participant's account, the CSDE shall transfer such securities from the "sub-account pending settlement" to the "sub-account of the customers" on the participant's account book and notify such participant.
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