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Article NO. Content


Directions for Collateral Management in Fixed-price and Competitive Auction Securities Borrowing and Lending Transactions  CH

Amended Date: 2016.12.20 
Categories: Securities Exchange Market > Borrowing of Securities
5     Reimbursement of rights and dividends
  1. Interest on cash collateral will be paid to the securities borrower by the TWSE at the demand deposit interest rate of the TWSE-designated bank.
  2. For TWSE and GTSM listed securities provided as collateral, the TWSE will produce a share title transfer list and electronic data file for delivery to the central securities depository on the business day preceding the issuer's book closure date, and carry out transfer of title on behalf of the borrower with the issuer or its shareholder services agent.
  3. Interest on book-entry central government bonds provided as collateral will be stipulated as belonging to the securities borrower at the time pledge is created on the bonds.