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Article NO. Content


Directions for the Internal Control of Securities Borrowing and Lending Transactions by Securities Firms  CH

Amended Date: 2006.03.21 
Categories: Securities Exchange Market > Borrowing of Securities
8     A securities firm engaging in securities borrowing and lending shall make a daily assessment of the fair value of the securities and collaterals being borrowed and lent and keep the assessed information. If no quoted prices in active markets are available, the firm shall estimate and assess the fair value using reliable methods. There shall be appropriate procedures for handling changes in the fair value or material changes between major assumptions and initial expectations.