Clearing
- Exchange Traded Derivatives Clearing
- Clearing Members
- Clearing Mechanism
- Clearing Mechanism Developing History
- Clearing Mechanism
- Clearing Process
- Intraday Profit & Loss Trial Balance
- Daily Settlement Price
- Formula for Calculating Final Settlement Prices
- Clearing Margin Accounts
- Position Management
- Safeguard System
- Products exempted and not exempted from liquidation on behalf of a principal in the after-hour session
- Notice for Foreign Currency Denominated Contracts Settlement
- Margining
- Market Information
Clearing
Management of Acceptable Collateral
| Type of Security | Acceptable collateral | Haircuts/Net collateral value | Total ceilings | Collateral ratio |
|---|---|---|---|---|
| The underlying securities of a single stock futures and options Contract、ETF | Underlying securities of TAIFEX single stock futures and option. | the net collateral value shall be calculated by applying a 30% haircut rate, if during the trading session, to the market opening reference price of the securities on the current day, or if after market closing, to the closing price of the securities on the current day. | 10% of the total number of the TWSE (or GTSM) listed issued shares or beneficial units. | The ratio of securities posted as collateral to the required clearing margin must not exceed 50%. |
| Underlying constituents of FTSE TWSE Taiwan 50 Index and Yuanta/P-shares Taiwan Top50 ETF. | ||||
| Government Bonds | Book- Entry Central Government Bonds. | the net collateral value shall be calculated by applying a 5% haircut rate to the market price which is the weighted average price-per-hundred for the preceding business day on the electronic bond trading system as disclosed by the GTSM, or to the theoretical value if no market price is available. | None. | |
| International Bond | (Formosa bonds) International Bonds coincided with the Article 3 of Taipei Exchange Rules Governing Management of Foreign Currency Denominated International Bonds. | the collateral value shall be calculated by applying a haircut rate of 10% to the market price which is the weighted average price-per-hundred for the preceding business day on the electronic bond trading system as disclosed by the GTSM, or to the market price of the most recent trade date if no market price is available for the preceding business day. | 20% of the total face value issued. |
