TAIWAN FUTURES EXCHANGE-Clearing-OTC Derivatives Clearing-Clearing System-Margin-Margin Withdrawal

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Clearing

Exchange Traded Derivatives Clearing

OTC Derivatives Clearing

Qualifying Central Counterparty (QCCP) Disclosure

Quantitative Disclosure

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Clearing

Exchange Traded Derivatives Clearing

OTC Derivatives Clearing

Qualifying Central Counterparty (QCCP) Disclosure

Quantitative Disclosure

Margin Withdrawal

Withdrawal of cash and securities
Business hours	8:30 am to 2:00 pm on business days
methods of application	Web Portal application online written application (Please affix the original seal)
The principle of withdrawal	Clearing members requesting to withdraw clearing margins shall not be in default as defined under Article 53, Paragraph 1 of the Taiwan Futures Exchange OTC Derivative Clearing Operating Rules Withdrawal of cash： Only when [the total excess margin of the clearing account] and [the balance of the currency desired to be withdrawn] are both positive in value, can an application be submitted to withdraw such currency. (Clearing member and the clearing account is not belong to an overseas Chinese or a foreign national)： withdrawable amount of each currency：MIN([the total excess margin of the clearing account], [the balance of such currency]) If the clearing account is belong to an overseas Chinese or a foreign national： The withdrawable amount of New Taiwan Dollar：MIN([the total excess margin of the clearing account], [the excess margin of New Taiwan Dollar]) The withdrawable amount of foreign currency：MIN([the total excess margin of the clearing account], [the total excess margin of the foreign currency of the clearing account], [the balance of such currency]) Withdrawal of securities：Only when there is a balance of the securities desired to be withdrawn, can an application be made to withdraw such securities. After deducting the amount applied for withdrawal, the balance of the total clearing margin of the clearing account shall not be less than the required clearing margin
Transfer the funds to the OTC clearing margin account designated by the clearing member	Where a clearing member requests to withdraw the clearing margin by 11:00 am, TAIFEX will transfer the funds to the OTC clearing margin account designated by the clearing member at 12:00 pm on the same day. Where a clearing member requests to withdraw the clearing margin by 2:00 pm, TAIFEX will transfer the funds to the OTC clearing margin account designated by the clearing member at 3:00 pm on the same day.

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