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Article 26
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Customers are considered to be in default if they do not reimburse shortfalls according to Paragraph 2 of the preceding Article. In such a case, the securities firm has a duty to report the default to TPEx, thereby allowing TPEx to notify TSEC and other securities firms.
The securities firm may impose a penalty totaling 10% of the agreed lending rate over the amount of shortfall payable by the customer, starting from the date of default until the shortfall is settled.
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