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Article NO. Content

Title：

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
Article Content Content Search Article No. Search Legislative History Chinese
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.