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Article NO. Content


Guidelines for the Commission Agency Services of Securities Firms for Investment in the Money Market of Settlement Money Payable to Clients from Securities Transactions Undertaken on Behalf of Clients  CH

Amended Date: 2015.03.31 
Categories: Market Supervision > Regulation of Securities Firms
Article 17     Where the client needs the settlement money payable, the securities firm shall directly dispose of the relevant underlying investments to satisfy the client's needs according to the order of utilization agreed with the client.
    When transferring funds for payment of the settlement money in the preceding paragraph, the securities firm shall transfer the proceeds from the disposition of the underlying investment to the Securities Firm Money Market Fund Investment Account, before the funds are further transferred to the book-entry account opened by the client for trading of securities on the centralized securities exchange market or GTSM, or the relevant settlement account maintained by the securities firm, to complete the settlement for the client.