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Article 14
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A securities firm conducting securities business money lending shall sign and execute a loan contract with the customer.
The loan contract referred to in the preceding paragraph shall clearly state at least the matters listed below:
- Reason for the financing.
- Scope of the financing.
- Financing period.
- Financing limit.
- Financing interest rate, processing fee rate, and the total cost expressed as an annual percentage rate.
- Rules for protecting creditor rights, including eligible collateral, types of maintenance collateral, collateral maintenance ratio, remargining deadline, and the repayment method under Article 7, paragraph 4.
- Method by which the securities firm will return collateral to a customer that has repaid loaned funds.
- Disposal of collateral.
- Effective date and duration of the contract, and procedures for amendment and termination of the contract.
- Dispute resolution.
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