A securities firm conducting non-restricted purpose loans may not accept as collateral the securities or other commodities listed below:
For the collateral provided by the clients, the client shall warrant the completeness of the right to the collateral. If there is defect or legal dispute to the collateral, a securities firm shall not grant the loan.
- Pledged securities or other commodities.
- A company's own shares or other equity securities acquired through a buyback of its own shares, donation, merger, transfer of operations, or other reason.
- Assets or beneficiary rights trusted by or entrusted to the clients according to trust related regulation.