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A liquidity provider may adopt netting method for the regular trades, after-hours fixed-price trades and block trades on the same day, of the same kind of ETNs. If there remains a balance of sale trades after netting, no later than the second business day following the transaction day, the liquidity provider shall apply for securities borrowing to perform settlement pursuant to Article 109 of the TWSE Operating Rules.
A liquidity provider that applies for securities borrowing to perform settlement pursuant to Article 109 of the TWSE Operating Rules, the dispositions on its general manager, managerial officer, and responsible staff member may be exempted.
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