Regulations Governing Securities Finance Enterprises Article 13

When a margin purchaser or short seller fails to satisfy a margin call pursuant to Article 11 or has failed to satisfy a call after the stipulated date, the securities finance enterprise shall dispose of their collateral immediately. However, this rule does not apply if the two parties have stipulated otherwise.
中文原文 證券金融事業管理規則第13條
融資人或融券人未能依第十一條規定補繳差額,或逾約定日期未能清結時,證券金融事業應即處分其擔保品。
但雙方另有約定者,不在此限。

English translation for reference only; the Chinese text prevails. Not legal advice.