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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 9     A securities firm shall set up a separate account ledger for each customer and record the matters listed below on a transaction-by-transaction basis each day:
  1. Matters regarding securities lending, borrowing and return.
  2. Collateral details, value, and collateral ratio.
  3. Matters regarding collateral calls, and withdrawal, exchange, and disposal of collateral.
  4. Matters regarding compensation for entitlements.
    A securities firm shall compile and deliver to the customer a monthly reconciliation statement based on the account ledger record of the preceding paragraph, provided that this requirement shall not apply where there is no record of any lending transaction in that month, and the customer has not submitted a written request for such statement.
    A securities firm shall obtain a letter of consent signed by the customer agreeing that the securities firm may provide information regarding its individual securities lending and borrowing to the TWSE, GTSM, and institutions designated by the competent authority as needed for collection, computer processing, and international transmission or use in accordance with acts and regulations.
    A securities firm borrowing securities from a customer and lodging a performance bond with the TWSE pursuant to Article 19, paragraph 1 and Article 38, paragraph 1 will record the lodgment of performance bond in lieu of the matters in subparagraphs 2 and 3 of the preceding paragraph.