| Article 20 |
In the event of delisting of an ETN due to a circumstance under Article 50-8, paragraph 2, of the Operating Rules of the Taiwan Stock Exchange Corporation, the value of repayment shall be calculated based on the ETN's indicative value published after market close on the last trading day prior to the delisting. The issuer shall, by 11 a.m. on the next business day following the delisting date, transfer all payables to the TWSE. After receipt of the above payables, the TWSE will transfer the funds to securities firms to be delivered to investors.
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