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The financial authorities decided to reflect only 50% of the stock loan (large stock) amount when calculating the credit limit for securities companies. This is a measure based on the point that the credit limit for securities firms is full, and the loans required for individual short selling will not be smooth.
The Financial Services Commission announced on the 21st that it has announced a legislative notice of the’Financial Investment Industry Regulations Amendment,’ which allows the Chairman of the Financial Services Commission to decide on a separate calculation method for each type of credit grant.
Up to now, when calculating the size of a credit grant, the amount of credit loans and loan payments was simply summed up. However, in the future, the amount will be calculated separately as determined by the chairman of the Financial Services Commission. According to the new calculation method, only about half the size of the lender is recognized.
They accepted the criticism that it would not be easy for individuals to lender for short selling, as many securities firms’ credit limit was exhausted only by the size of credit loans for debt investment (investment by debt).
An official from the authorities said, “We changed the calculation method so that there are individual investors who are unable to receive credit loans due to the expansion of individual short sales, or securities companies who actively cooperate with government policies are blocked from being disadvantaged by credit limit regulations.
However, the financial authorities did not accept the proposal to extend the loan period to expand individual short selling.
In response to the point that the repayment period is shorter than that of foreigners and institutions, the extension was reviewed, but it is judged that the amount of goods may be locked if the extension is extended. It is explained that foreigners and institutions are not even more advantageous in terms of the repayment period. This is because unlike individuals, it must comply with the demand for interim repayment.
The authorities first check the demand after resuming the short sale, and then consider whether to extend the repayment period if it is determined that the quantity is sufficient.
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