|
Article 5
|
In the event of Securities Borrowing by a securities firm or securities finance enterprise under any of the following circumstances, the TWSE will, from the next business day, deliver to the lender the cash performance bond lodged by the borrowing securities firm for the lender or the guarantee amount disbursed by the guaranteeing bank, unless the parties agree otherwise:
- unable to return the securities within the agreed time, upon expiration or where the securities are to be returned early as agreed by the parties or as required;
- failing to pay compensation for securities entitlements by the due date; or
- failing to pay the relevant dues as agreed.
|