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友善列印
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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 39     The combined total monetary value of loans and provision for short sale of any given type of security by a securities firm conducting securities lending business and securities margin purchase and short sale businesses may not exceed 5 percent of the securities firm's net worth.
    A securities firm conducting securities lending business shall immediately cease lending any given type of security when the sum total of the outstanding balance of shares in that security on loan to customers plus the outstanding balance of shares of that security sold short in margin purchase and short sale business reaches the sum total specified in any of the subparagraphs of Article 8, paragraph 1 of the Regulations Governing Securities Borrowing and Lending by Securities Firms.