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Article 2
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When conducting non-restricted purpose loan business, securities firms shall abide by the Securities and Exchange Act, these Operating Rules, and related Rules, Regulations, Announcements, Explanations of the Taiwan Stock Exchange Corporation ("TWSE"), Taipei Exchange (TPEx), Taiwan Depository & Clearing Corporation ("TDCC").
The non-restricted purpose loan business prescribed under these Operating Rules is limited to financing with securities, claims in outstanding settlement funds receivable or other instruments as collateralsand the scope of collaterals are as follows:
- 1. TWSE or TPEx listed securities, but not including ETF beneficial certificates traded in foreign currency and international bonds, shares subject to an altered trading method, or TPEx managed stocks.
- 2. TPEx traded open-end funds beneficial certificates or physical gold.
- 3. Beneficial certificates of securities investment trust funds or futures trust funds that are domestically offered and that invest domestically (hereinafter as beneficial certificates of open-end securities investment trust funds or beneficial certificates of futures trust funds).
- 4. claims in outstanding settlement funds receivable
- 5. Other collateral approved by the competent authority.
The TPEx traded open-end funds beneficial certificates of the above paragraph refer to beneficial certificates of securities investment trust funds registered for trading on TPEx according to Taipei Exchange Rules Governing the Review of Beneficial Certificates of Open-end Funds for Trading on the TPEx; the beneficial certificates of open-end securities investment trust funds or beneficial certificates of futures trust funds refer to trust funds prescribed under Article 23 of Regulations Governing Securities Investment Trust Funds and Article 8, 9, 10, and 10-1 of Regulations Governing Futures Trust Funds.
The beneficial certificates of open-end securities investment trust funds or beneficial certificates of futures trust funds of the above Paragraph shall be limited to those denominated in New Taiwan Dollar.
The claims in outstanding settlement funds receivable mentioned in paragraph 2, subparagraph 4 refers to the price receivable after a set-off of the prices of the securities under paragraph 2, subparagraph 1 purchased and sold by the securities firm’s clients on the date of application and the preceding business day, less any outstanding amount after the clients have applied before the date of application for lodging the claims in outstanding settlement funds receivable as security.
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