TWSE Press Release

FSC Approves Revisions to TSEC SBL Service Charge in Negotiated Transactions and SBL Brokerage Commissions

Publish Date︰2007/08/31 11:52

台灣證券交易所股份有限公司每日新聞稿摘錄

 

FSC Approves Revisions to TSEC SBL Service Charge in Negotiated Transactions and SBL Brokerage Commissions

 

On August 27, 2007, FSC approves revisions to TSEC SBL service charge in negotiated transactions to enhance the rationality and fairness of the TSEC fee-collecting method.  To be in line with the revisions, TSEC will modify the SBL system and announce the effective date as soon as the system is ready.

 

Here is a summary of the revisions:

1.        Currently, in negotiated transactions, both parties pay TSEC SBL service charge at 0.02% of the SBL traded value.  Hereafter, the SBL term is taken into account.  That is, both parties shall pay TSEC the amount of 0.02% per annum of the SBL traded value as SBL service charge.

2.        Each payment of TSEC SBL service charge requires a minimum of NTD100.

According to the new fee scheme, FINIs who make negotiated transactions with a short lending period will get benefit from reduced service charge.  Hopefully it will stimulate the growth of SBL trading amounts.

 

In the meantime, FSC allows securities firms to negotiate SBL brokerage commissions with their clients, which is effective immediately.

 

 

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