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Article NO. Content


Operating Rules for Custody and Investment of Funds by Securities Firms on Behalf of Customers  CH

Amended Date: 2015.03.31 
Categories: Securities Exchange Market > Borrowing of Money
Article 14     A securities firm maintaining custody of customer funds arising from securities business in the cash management account may not keep the funds in the account for more than ten business days. If by the end of the period the custodied funds still do not reach the minimum investment level as agreed with the customer, the securities firm shall, by 12 noon on the next business day, return and transfer the funds in full to the account for book-entry transfer of securities and funds opened by the customer for engaging in securities trading on the exchange or over-the-counter market.
    A securities firm shall return any bank interest accrued on customer funds it holds in custody in the cash management account to the customers based on the percentage of funds it holds in custody for each customer.