• Font Size:
  • S
  • M
  • L
友善列印
WORD

Article NO. Content

Title:

Regulations Governing Custody and Investment of Funds by Securities Firms on Behalf of Customers  CH

Amended Date: 2015.01.21 
Article 11     A securities firm shall invest the funds in the cash management account only in the following investment instruments:
  1. Treasury bills, negotiable certificates of deposit, and commercial papers with a time to maturity of less than ten days.
  2. Government bonds with a time to maturity of less than ten days.
  3. Repo-style transactions involving treasury bills, negotiable certificates of deposit, and commercial papers.
  4. Repo-style government bond transactions.
  5. Repo-style transactions involving listed (or OTC listed) straight corporate bonds and general financial bonds.
  6. Money market funds.
  7. Quasi-money market funds under bond funds.
  8. Other investment instruments approved by the competent authority.
    The issuer, guarantor, acceptor, or underlying of the negotiable certificates of deposit or commercial papers under subparagraphs 1 and 3 of the preceding paragraph shall have a short-term credit rating at or above a prescribed level from a credit rating agency as listed in Appendix 1.
    The issuer or the underlying of the listed (or OTC listed) straight corporate bonds and general financial bonds under paragraph 1, subparagraph 5 shall have a long-term credit rating at or above a prescribed level from a credit rating agency as listed in Appendix 2.
    A securities firm shall invest the funds in the cash management account under the name of "○○ Securities Firm's Customer Cash Management Account."
    The profits and losses resulting from investments in the same investment instruments under paragraph 1 shall be allocated back to the customers in proportion to their investment amount and other stipulated terms and conditions.