Laws Information

法規資訊
Title： Operating Rules of the Taiwan Futures Exchange Corporation
Am Date： 2018-06-15
Legislative History： Articles 90 and 92 amended per 15 June 2018 Letter No. Taiwan-Futures-Trading-10702009290 of the Taiwan Futures Exchange Corporation; for implementation from a date to be separately announced
Approved for recordation per 14 June 2018 Letter No. Financial-Supervisory-Securities-Futures-1070315861 of the Financial Supervisory Commission
For implementation from 2 July 2018 per 21 June 2018 Letter No. Taiwan-Futures-Trading-10702009300 of the Taiwan Futures Exchange Corporation

Transaction

Amended

Article 90
When a clearing member conducts the clearing  settlement of expiring open futures trading positions on a mated or proprietary basis, it shall do so in accordance with these Operating Rules  the TAIFEX’s rules regarding settlement upon expiration of futures trading contracts.


Article 92
For futures trading contracts to be settled in cash at expiration, the equity shall be calculated at the final settlement price set by the TAIFEX. Clearing members shall, pursuant to notice by the TAIFEX, complete the settlement procedures as provided below:
1. Where the settlement price is payable, the settlement price shall be paid within the settlement period  in accordance with the amount calculated by the TAIFEX.
2. Where the settlement price is receivable, the settlement price shall be calculated  received by the TAIFEX.
If the final settlement price referred to in the preceding paragraph is based on information provided by another institution or institutions, in the event that such institutions amend the information, the TAIFEX may make corresponding adjustments to the final settlement price.