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Article NO. Content


Operation Directions for Securities Firms or Securities Finance Enterprises Accepting Applications by Customers to Extend the Durations of Individual Margin Purchases and Short Sales  CH

Repeal Date: 2016.12.30 
Categories: Securities Exchange Market > Margin Transaction
2     Where a customer opens a margin account, the securities firm or securities finance enterprise shall further sign application documentation for extending the duration of each margin purchase and short sale on a blanket basis with such customer. The application documentation shall specify the number of extensions available to the customer for selection and the follow-up to the evaluation result regarding applications for extension upon expiration. Upon execution, the said documentation shall apply to each subsequent margin purchase and short sale; the customer shall not need to apply individually thereafter.