TWSE Press Release
Revisions to the TSEC SBL System Implemented on July 2, 2007
Publish Date︰2007/06/29 18:52
With the completion of the SBL computer system, TSEC announced that some new SBL measures are effective from July 2, 2007. The new measures are as follows: 1. The business hours are extended from 2:30pm to 3pm. 2. An SBL transaction and the short sale are allowed to execute through different securities firms. In addition, when borrowers fail to return due to natural disasters or other force majeure, cash settlement is allowed to close out SBL transactions or the borrowers can conduct a purchase by tender offer through securities firms to return the loaned securities.