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Article NO. Content

Title:

Guidelines Governing the Creation of Customer Ledgers of Securities Firms' Settlement Accounts  CH

Amended Date: 2023.12.29 (Articles 3, 3-3, 7, 11, 12, 14, 18, 20 amended,English version coming soon)
Current English version amended on 2022.10.19 
Categories: Market Supervision > Regulation of Securities Firms
Article 3-1     Subject to customer consent, a securities firm may purchase R.O.C. government bonds and treasury bills with funds in a Settlement Account or transfer the funds to other banks in the form of time deposits, and conduct sale and purchase transactions or transfers in the name "ΟΟSecurities Firm Ledger Account," provided the amount of Settlement Account funds deposited by the securities firm in a bank savings account may not be lower than 20% of the total amount of funds of the Settlement Account.
    The amount of transfer mentioned in the preceding paragraph to other banks is limited to the portion of time deposits in the Settlement Account exceeding $1 billion.