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Article NO. Content

Title:

Rules Governing the Proprietary Trading of Foreign Bonds by Securities Firms  CH

Amended Date: 2018.11.12 
Article 9     All balances of foreign bond trades under repurchase agreements must be included as part of the securities firm's overall bond repurchase/reverse repurchase balance. The balances respectively of bond repurchase and reverse repurchase trades (converted into NTD equivalents at the spot exchange rate) each may not exceed six times the securities firm's net worth. Of each of these, those with underlyings that are bonds other than government-issued bonds shall not exceed four times the securities firm's net worth, and furthermore the balances respectively of foreign bond repurchase and reverse repurchase trades each may not exceed the securities firm's net worth.