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Article 28
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When a securities firm engages in financial derivatives trading, the two parties in the transaction may stipulate that payment upon exercise will be by cash settlement or physical delivery.
When a linked underlying for payment by physical delivery under the preceding paragraph is a TWSE listed or TPEx listed stock, the payment shall be made only by delivery of the linked underlying securities by the securities firm.
The linked underlying security for delivery by the securities firm under the preceding paragraph shall be transferred from the hedging account of the securities firm, and the transfer shall be processed in accordance with the Operating Regulations of the Taiwan Depository & Clearing Corporation.
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