Securities and Exchange Act Article 153
In trading on the stock exchange market by stock exchange members or securities brokers or securities dealers, when either party to a trade fails to fulfill its delivery obligation, the stock exchange shall designate another member or securities broker or securities dealer to perform delivery in place of the non-performing party. For any resultant price difference and all expenses incurred, the stock exchange shall first utilize the settlement and clearing fund for indemnification. If the fund is insufficient, the stock exchange shall advance the payment. In all such cases, recovery shall be pursued from the party that failed to perform delivery.
中文原文 證券交易法第153條
證券交易所之會員或證券經紀商、證券自營商在證券交易所市場買賣證券，買賣一方不履行交付義務時，證券交易所應指定其他會員或證券經紀商或證券自營商代為交付。
其因此所生價金差額及一切費用，證券交易所應先動用交割結算基金代償之；如有不足，再由證券交易所代為支付，均向不履行交割之一方追償之。
其因此所生價金差額及一切費用，證券交易所應先動用交割結算基金代償之；如有不足，再由證券交易所代為支付，均向不履行交割之一方追償之。