Regulations Governing Borrowing or Lending Money in Connection with Securities Business by Securities Firms Article 8
If a securities firm conducts securities business money lending and the financing period does not exceed 6 months, the securities or other instruments that the customer purchases or holds shall be used as collateral; the ratio between the value of such collateral and the amount of money lent by the securities firm to that customer may not be below a certain ratio.Prior to the expiration of the period in the preceding paragraph, a securities firm may, depending on the customer's credit standing, grant an extension of 6 months. Prior to the expiration of the one-year period, the securities firm may, depending on the customer's credit standing, again allow the customer to apply for an extension of 6 months.When a securities firm lends money to its customer to pay for the settlement price, and the customer has yet to obtain the securities that it has purchased, the other securities or instruments that the customer holds shall be used as collateral.Collateral referred to in paragraph 1 shall be limited to the following:1. TWSE or TPEx listed securities.2. Beneficial certificates of securities investment trust funds or futures trust funds that are domestically offered and that invest domestically.3. Central government bonds.4. Physical gold that is registered for trading over the counter.5. Other collateral approved by the competent authority.A securities firm shall mark to market on a daily basis the ratio of collateral value to customer debt in each lending account. When that ratio is below the prescribed ratio, it shall immediately notify the customer to make up the difference by a deadline with collateral of the types prescribed in the preceding paragraph.The ratio referred to in paragraph 1 and the preceding paragraph shall be drafted by TWSE in joint consultation with the TPEx, and submitted to the competent authority for final approval.
中文原文 證券商辦理證券業務借貸款項管理辦法第8條
證券商辦理證券業務借貸款項，融通期限不超過六個月者，應以客戶買進或持有之有價證券或其他商品為擔保，擔保品價值與證券商借貸與客戶金額之比率，不得低於一定比率。
前項期限屆滿前，證券商得視客戶信用狀況，展延六個月，一年期限屆滿前，證券商得審視客戶信用狀況，再准允客戶申請展延期限六個月。
證券商款項借貸與客戶支付交割代價時，客戶尚未取得買進有價證券者，應以客戶其他持有之有價證券或商品為擔保。
第一項擔保品以下列為限：
一、上市或上櫃有價證券。
二、國內募集投資國內之證券投資信託基金或期貨信託基金受益憑證。
三、中央政府債券。
四、登錄櫃檯買賣之黃金現貨。
五、其他經主管機關核准之擔保品。
證券商應逐日計算每一借貸帳戶內之擔保品價值與客戶債務之比率，其低於規定之比率時，應即通知客戶於限期內以前項所定擔保品種類補繳差額。
第一項及前項比率，由證券交易所會同證券櫃檯買賣中心擬訂，報請主管機關核定。
前項期限屆滿前，證券商得視客戶信用狀況，展延六個月，一年期限屆滿前，證券商得審視客戶信用狀況，再准允客戶申請展延期限六個月。
證券商款項借貸與客戶支付交割代價時，客戶尚未取得買進有價證券者，應以客戶其他持有之有價證券或商品為擔保。
第一項擔保品以下列為限：
一、上市或上櫃有價證券。
二、國內募集投資國內之證券投資信託基金或期貨信託基金受益憑證。
三、中央政府債券。
四、登錄櫃檯買賣之黃金現貨。
五、其他經主管機關核准之擔保品。
證券商應逐日計算每一借貸帳戶內之擔保品價值與客戶債務之比率，其低於規定之比率時，應即通知客戶於限期內以前項所定擔保品種類補繳差額。
第一項及前項比率，由證券交易所會同證券櫃檯買賣中心擬訂，報請主管機關核定。