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Article NO. Content

Title:

Operating Rules for Securities Lending by Securities Firms  CH

Amended Date: 2019.10.29 (Articles 8 amended,English version coming soon)
Current English version amended on 2018.12.24 
Categories: Securities Exchange Market > Borrowing of Securities
Article 15-1     When a securities firm accepts a customer's application for borrowing securities to repay refinancing, it may apply the collateral for short sales, margin deposited for short sales, and securities satisfied, that are to be returned to the customer for the transaction concerned, as the collateral for securities borrowing that is calculated according to the agreed initial collateral ratio in Article 15 and conforms to Article 19, paragraphs 2 and 6, and shall make up the shortfall, if any.