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Article 23
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A client shall warrant that the change of collateral or supplementary collateral it provides are free and clear of all liens, claims, and encumbrances of any nature whatsoever. If there is any defect in rights or legal dispute regarding the securities, within 3 business days of the notice from the securities firm, the client shall replace such securities or commodities with securities or other commodities eligible for use as additional collateral or pay their equivalent value in cash. The same applies when the supplementary collateral belongs to a third party.
Where the client is not the owner of supplementary collateral, it shall be responsible for obtaining the household registration information, verification of source, and consent letter of the owner of such collateral.
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