China Securities Finance Corporation Limited, Implementing Rules for the Administration of the Margins of the Re-lending Business (Trial Implementation)

中国证券金融股份有限公司转融通业务保证金管理实施细则 (试行)

September 11, 2012 | BY

CLP Temp

The maximum translation rate for stocks underlying margin trading or short sale of securities shall not exceed 65%.

Issued: August 27 2012

Effective: as of date of issuance

Interpreting authority: China Securities Finance Corporation Limited

Applicability: For the purposes of these Rules, the term “margin” means the collateral deposited with the China Securities Finance Corporation Limited (the Company) by securities companies involved in re-lending business that is to act as security for the liabilities arising in connection with the Company's provision of re-lending to securities companies. Margins include cash and securities that can be set off against margins (Article 2).

Before market opening on each trading day, the Company shall announce to the market the list of securities that can be set off against margins for the re-lending business and the translation rates (Article 14).

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