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Title Taiwan Futures Exchange Corporation Procedures for Addition and Deletion of Securities Eligible to Be Acceptable Collateral CH
Date 2021.03.31 ( Amended )

Article Content

1     These Procedures are adopted pursuant to Article 2-1, paragraph 2 of the Taiwan Futures Exchange Corporation (TAIFEX) Methods and Standards for Receipt of Clearing Margins.
2     The TAIFEX shall make additions to or deletions from the scope of securities eligible to be acceptable collateral ("eligible collateral securities"), and publicly announce the relevant information on the website of the TAIFEX, upon occurrence of any of the following events:
  1. When the TAIFEX publicly announces any listing for trading, non-information-related trading halt, trading resumption, trading suspension, or delisting, of any single-stock futures or options contracts, or there is an alteration of trading method of the underlying securities thereof.
  2. When the TAIFEX receives public notice from the Taiwan Stock Exchange Corporation (TWSE) regarding the addition or deletion of a constituent stock to or from the FTSE TWSE Taiwan 50 Index, or any non-information-related trading halt, trading resumption, trading suspension, or delisting, of such a constituent stock, or alteration of trading method of the underlying securities.
  3. When the TAIFEX receives public notice from the TWSE regarding any trading suspension or delisting with respect to beneficial certificates of the Yuanta/P-shares Taiwan Top 50 ETF.
  4. When the TAIFEX receives public notice from the Taipei Exchange (TPEx) regarding any commencement, suspension, or termination of trading with respect to any book-entry central government bonds or international bonds on the TPEx Electronic Bond Trading System (EBTS) or international bond trading system (IBTS).
3     The TAIFEX's additions to or deletions from the scope of eligible collateral securities shall become effective on the same effective date as that of the public announcement or notice referred to in the corresponding subparagraph of the preceding point. However, the TAIFEX may adjust such effective date under any of the following circumstances:
  1. Where the TAIFEX receives public notice from the TWSE or TPEx after the effective date of the public notice.
  2. Where the TAIFEX is unable to obtain the basic information or price information on the relevant securities from the TWSE or TPEx.
  3. Where the TAIFEX for any other reason is unable to calculate the collateral value of the relevant securities.
4     If there is a likelihood of liquidity risk occurrence with respect to securities that are publicly announced as eligible collateral securities pursuant to these Procedures, the TAIFEX may suspend the collateral eligibility of the securities.
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