Regulations Governing Securities Borrowing and Lending by Securities Firms Article 10
Securities associated with securities borrowing and lending business conducted by a securities firm may be used only for the following purposes:1.The purposes of use by customers:A.To sell through brokerage orders placed with the securities firm.B.To redeliver securities borrowed or to compensate for securities entitlements.C.To fulfill settlement obligations associated with call/put warrants, equity options, and other equity-type financial instruments.D.To use in the in-kind creation or redemption of exchange traded fund (ETF) or offshore ETF units.E.To cover shortfalls of securities in day trading.F.To redeliver spot securities borrowed in short sales.2.The purposes of use by the securities firm:A.To redeliver securities borrowed or to compensate for securities entitlements.B.To use as a source of securities for conducting securities margin purchase and short sale business.C.To use as a source of securities to return collateral to customers in conducting securities margin purchase and short sale business.D.To cover shortfalls of securities in short selling and day trading.E.To fulfill settlement obligations on securities trading markets.F.To lend to another securities firm or securities finance enterprise conducting securities borrowing and lending business or securities margin purchase and short sale business as a source of securities for conducting securities borrowing and lending business or securities margin purchase and short sale business.G.To lend through the securities lending system of a securities exchange.H.To participate in competitive auction lending transactions or negotiated lending transactions conducted by a securities finance enterprise.3.Such other purposes as may be approved by the competent authority.
中文原文 證券商辦理有價證券借貸管理辦法第10條
證券商辦理有價證券借貸業務，其有價證券之用途以下列為限：
一、供客戶運用範圍：
（一）委託證券商賣出。
（二）返還借券或證券權益補償。
（三）辦理認購（售）權證、股票選擇權或其他具有股權性質金融商品之履約。
（四）因應指數股票型證券投資信託基金或境外指數股票型基金之實物申購或買回。
（五）彌補當日沖銷交易短差之有價證券。
（六）融券賣出之現券償還。
二、供本證券商運用範圍：
（一）返還借券或證券權益補償。
（二）辦理有價證券買賣融資融券業務之券源。
（三）因應有價證券買賣融資融券業務，作為返還客戶擔保品之券源。
（四）彌補融券、當日沖銷交易短差之有價證券。
（五）為履行證券交易市場之交割義務。
（六）出借予其他辦理有價證券借貸業務或有價證券融資融券業務之證券商或證券金融事業作為辦理有價證券借貸業務或有價證券融資融券業務之券源。
（七）於證券交易所借券系統出借證券。
（八）參與證券金融事業之標借或議借。
三、其他經主管機關核准之用途。
一、供客戶運用範圍：
（一）委託證券商賣出。
（二）返還借券或證券權益補償。
（三）辦理認購（售）權證、股票選擇權或其他具有股權性質金融商品之履約。
（四）因應指數股票型證券投資信託基金或境外指數股票型基金之實物申購或買回。
（五）彌補當日沖銷交易短差之有價證券。
（六）融券賣出之現券償還。
二、供本證券商運用範圍：
（一）返還借券或證券權益補償。
（二）辦理有價證券買賣融資融券業務之券源。
（三）因應有價證券買賣融資融券業務，作為返還客戶擔保品之券源。
（四）彌補融券、當日沖銷交易短差之有價證券。
（五）為履行證券交易市場之交割義務。
（六）出借予其他辦理有價證券借貸業務或有價證券融資融券業務之證券商或證券金融事業作為辦理有價證券借貸業務或有價證券融資融券業務之券源。
（七）於證券交易所借券系統出借證券。
（八）參與證券金融事業之標借或議借。
三、其他經主管機關核准之用途。