Margin Trading and Short Selling

Short selling means selling capital markets instruments that the seller does not own, or placing an order for such sales. Any sales that is completed by using borrowed capital markets instruments to fulfill the settlement obligation relating to the sales is also deemed a short sales.

In order to conduct short selling, the order should be entered as a short selling order at the beginning.  Short selling transactions are announced on the Daily Bulleting on equity basis, stating the amount and contract quantity at each price level.

Warrants, certificates, ownership backed lease certificates, real estate investment funds and  venture capital investment funds can not be subject to margin trading and short selling transactions. Real estate certificates can be subject to margin trading but not short selling.