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Article NO. Content

Title:

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 4     To conduct business relating to custody and investment of funds on behalf of customers, a securities firm shall open a New Taiwan Dollar demand deposit account, to be used exclusively for receipt and payment of funds within the scope of that business, at a bank using the account name of "_______ Securities Firm's Customer Cash Management Account."
    The bank under the preceding paragraph shall have a long-term credit rating in the most recent year at or above a prescribed level from a credit rating agencyas listed in Appendix 1.
    When conducting business relating to custody and investment of funds on behalf of customers, a securities firm may only initiate or accept inter-account transfer for the transfer of funds.