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Article 30-1
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While making book-entry delivery of pledged securities in centralized custody, a customer shall present the passbook and affix its specimen chop or signature on the relevant accounts for the book-entry delivery confirmation. The relevant participant shall then record necessary information on the customer's passbook and account book and notify the CSDE of the amount of securities which the customer is required to deliver to the relevant pledgee.
The CSDE shall, upon receiving the said notification from the said participant, transfer the securities from the "sub-account of the customer" on the pledgor's participant account book to the "sub-account of pledged securities" on the pledgee's participant account book.
Where a participant makes book-entry delivery of its own deposited securities for the purpose of a pledge, the participant shall notify the CSDE to transfer the same amount of securities from the "sub-account of participant's self-owned securities" to the "sub-account of pledged securities" on the pledgee's participant account book.
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