However , if the volumes of the institutional investor ' s open interests have not exceeded applicable 1 , 2 , 3 , or 4 times the institutional investor position limit on at least half of all business days during the most recent 12 months , or the most recent 6 months since its position limit exemption application case was approved , the aforementioned period of two years will be six months instead 但该法人机构最近十二个月或最近六个月内未有半数以上之营业日持有未冲销部位数量达该级距所需数量,其放宽部位限制期间以六个月为上限。
If a securities firm approved by the competent authority to engage in futures trading in the domestic futures market wishes to apply for an exemption to position limits for hedging purposes , the firm shall complete and submit the " application for a securities firm to open a futures trading hedge account " ( form 1 ) together with the required supporting documentation to the exchange 一)经主管机关核准从事国内期货市场期货交易之证券商,因避险需求而拟申请豁免交易规则之部位限制规定者,应检具证券商设立期货交易避险帐户申请书(附表一) ,载明其应记载事项,连同应检附书件,向本公司申请。
Where such an institutional investor fails to submit application again in accordance with the provisions of the preceding paragraph or its application is not approved , the position limit for its holdings of futures contracts listed with the taifex shall be handled in accordance with the provisions of the institutional investor position limit as set forth in the applicable trading rules 法人机构未依前项规定重新提出申请,或申请未经核准者,其持有本公司上市之各期货交易契约未冲销部位限制,应依交易规则法人部位限制规定办理。
The securities firm will be exempt from position limits required for each contract by their respective trading rules only after the exchange has approved the application and issued certifying documentation that may be used to open a hedge account with a futures commission merchant or convert an existing trading account into a hedge account 俟本公司同意并发给证明文件,凭以向期货商开设避险帐户或将原交易帐户变更为避险帐户,并由期货商函报本公司后,该证券商从事期货交易,始得豁免交易规则之部位限制规定。
If the national finance stabilization fund , the civil servant pension fund , the labor pension fund , the labor insurance fund , the funds operated by the directorate general of postal remittances and savings bank , and other financial and insurance institutions wish to apply for an exemption from position limits for hedging purposes , the fund or institution shall complete and submit the " application for juristic person to open futures trading hedge account " ( form 4 ) together with the required supporting documentation to the exchange 五)国家金融安定基金、公务人员退休抚恤基金、劳工退休基金、劳工保险基金、邮政储金汇业局所管理之邮政资金、金融及保险机构,因避险需求而拟申请豁免交易规则之部位限制规定者,应检具法人机构设立期货交易避险帐户申请书(附表四) ,载明其应记载事项,连同应检附书件,向本公司申请。
position limits meaning:[Finance] Applies to derivative products. Maximum position available in any one future or option contract for a given institution. For "bona fide" futures hedgers, there are no position limits.