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Article 38
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A securities firm borrowing securities from a customer shall pay a performance bond to the TWSE in accordance with the Regulations Governing Performance Bonds of Securities Firms and Securities Finance Enterprises Engaging in Securities Lending.
The sum of the total monetary value of securities loaned by a securities firm in conducting securities lending business and the total monetary value of securities loaned by it to customers for short sales in conducting securities margin purchase and short sale business may not exceed 400 percent of its net worth.
The monetary value of the loaned securities mentioned in the preceding paragraph is based on the closing price of the date of the loan.
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