Regulations Governing Payment Operations of Securities Investor and Futures Trader Protection Funds Article 5
When the protection institution makes payments to a securities investor in accordance with Article 21, paragraph 1, subparagraph 1 of the Act, the amount receivable by the securities investor shall be calculated as follows:1. For securities purchased or sold in an ordinary trade, compensation shall be equal to the price paid or receivable in the transaction.2. For securities bought on margin, compensation shall be equal to the margin for the purchase.3. For securities sold short, compensation shall be equal to the margin for the sale.4. For funds or securities required to cover a margin sale or short purchase, compensation shall be equal to the price differential after closing out the margin loan or stock loan position.5. When securities of the same type are bought on margin and sold short in the same account on the same day, compensation shall be equal to the price receivable on settlement of the account balance after the covering of the margin purchase and short sale are offset.6. For trades requiring advance collection of funds and securities, where on the date on which the financial difficulties of a securities firm result in default due to inability to make payment, and where funds or securities have been delivered to the securities firm, an invoice issued, and procedures for a consignment trade carried out, compensation shall be equal to the advance funds paid.7. For requests for exercise of call (put) warrant rights, compensation shall be equal to the strike price already paid or the market value of the securities based on the closing price on the exercise date.Required taxes, processing fees, and debt owed to the securities firm in default shall be deducted when making calculations according to the preceding paragraph.
中文原文 證券投資人及期貨交易人保護基金償付作業辦法第5條
保護機構依本法第二十一條第一項第一款規定辦理償付證券投資人時，證券投資人得受償金額之計算如下：
一、普通交易買進有價證券者，為其已付之價款；普通交易賣出有價證券者，為其應得之價款。
二、融資買進有價證券者，為其已付之自備款。
三、融券賣出有價證券者，為其已付之保證金。
四、融資賣出還款或融券買進還券者，為其償還清結後應得之款項差額。
五、同一帳戶於同日融資買進及融券賣出同種有價證券，以融資償還與融券償還相抵之餘額辦理交割之交易，為其應得之價款。
六、預收款券之交易，已於證券商發生財務困難失卻清償能力而違約當日將款項交付證券商取得證明，並已執行委託買進程序者，為其已付之預收款。
七、認購（售）權證請求履約者，為其已付之履約價款或有價證券依履約日收盤價計算之市值。
前項計算應扣減必要之稅捐、相關手續費用及對違約證券商所負之債務。
一、普通交易買進有價證券者，為其已付之價款；普通交易賣出有價證券者，為其應得之價款。
二、融資買進有價證券者，為其已付之自備款。
三、融券賣出有價證券者，為其已付之保證金。
四、融資賣出還款或融券買進還券者，為其償還清結後應得之款項差額。
五、同一帳戶於同日融資買進及融券賣出同種有價證券，以融資償還與融券償還相抵之餘額辦理交割之交易，為其應得之價款。
六、預收款券之交易，已於證券商發生財務困難失卻清償能力而違約當日將款項交付證券商取得證明，並已執行委託買進程序者，為其已付之預收款。
七、認購（售）權證請求履約者，為其已付之履約價款或有價證券依履約日收盤價計算之市值。
前項計算應扣減必要之稅捐、相關手續費用及對違約證券商所負之債務。