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Article NO. Content

Title:

Operating Rules for Securities Business Money Lending by Securities Firms  CH

Amended Date: 2024.09.05 (Articles 2, 7, 12, 13, 14-1, 14-2, 14-3, 14-4, 15, 16, 19-1, 21-1, 23, 25, 27, 34, 36 amended,English version coming soon)
Current English version amended on 2023.07.06 
Categories: Securities Exchange Market > Borrowing of Money
7     A securities firm conducting securities business money lending may not accept the securities or other commodities listed below as collateral:
  1. Pledged securities or other commodities
  2. A company's own shares or other equity securities acquired through a buyback of its own shares, donation, merger, transfer of operations, or other reason.
    A customer shall warrant that the collateral it provides is free and clear of all liens, claims, and encumbrances of any nature whatsoever; in the event of any defect or legal dispute in this respect, the securities firm may not provide financing.