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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 29     If the overall collateral ratio of a customer's securities borrowing and lending account exceeds the initial collateral ratio as a result of a change in price, the customer may, as stipulated between the two parties, request that the securities firm return the collateral for those transactions in which the collateral ratio exceeds the initial collateral ratio or apply it toward other securities borrowing transactions, provided that subsequent to such return of collateral, the collateral ratio of the overall account may not be lower than the initial collateral ratio.