台郡3308萬元 Default Settlement Reported by 4 Brokerages
The Taiwan Stock Exchange on 28日 released the latest default settlement information. PCB flexible-board maker 台郡 (6269) was reported for a large default settlement, with a declared amount of about 3308萬元. The reporting brokerages were SinoPac Securities 台南 Branch, Yuanta Securities Taoxing Branch, E.Sun Securities Chengzhong Branch and 永豐金 Securities, totaling 4 brokerage branches. According to the TWSE announcement, total buy and sell default settlement amounts on the centralized market that day reached 1.7億, with a net amount after offsetting buys and sells of 1237.78萬元.
Related to 10月22日 Trading When the Market Plunged
Under Taiwan's T+2 settlement system, investors who buy stocks must complete payment on the 2nd business day after the transaction date. The cases announced on 28日 correspond to stock trades on 10月22日. On that day the weighted index opened high and moved low, closing down 846.34點, while 台郡 shares also came under pressure, closing down 7.9元, or 9.12%, at 78.7元.
14th Case on the Centralized Market This Year, 27 Cases Market-Wide
This case is the 14th large single-stock default settlement on the centralized market this year. Including 13 cases on the over-the-counter market, the market-wide total has reached 27 cases. Cases meeting the public disclosure threshold on the centralized market this year include 旺宏 (2337), 佳必琪 (6197), 新日興 (3376), 欣興 (3037), 華通 (2313), 國巨* (2327), 友達 (2409), 禾伸堂 (3026), 南亞科 (2408), 聯茂 (6213), 致茂 (2360) and 台郡, among which 國巨* has occurred 3 times. Before 台郡, the previous case was 致茂 announced on 10月12日, reported by Federal Securities Sanchong Branch, in the amount of 5859.5萬元, the 13th case.
Largest This Year Is 聯茂 at 3.19億; 台郡 Ranks 11th
By amount, the largest disclosed case this year is 聯茂 (6213) reported on 9月21日, amounting to 3億1930萬元; followed by 佳必琪 (6197) reported on 6月9日, amounting to 1億4950萬元. Ranked 3rd to 5th are 華通 (2313) reported on 6月26日 at 8574萬元, 友達 (2409) reported on 7月2日 at 7325萬元, and 旺宏 (2337) reported on 3月5日 at 5902萬元. This 台郡 3308萬元 case is the 11th largest among disclosed cases this year, and the 3rd largest in the past two months.
A default settlement means an investor fails to fulfill settlement obligations within the prescribed deadline after a stock transaction is executed, for example due to insufficient funds in the settlement account after a buy order without timely replenishment. Under the current system, investors are generally required to have settlement funds ready by 10時 on the 2nd business day after the transaction date. If a default occurs, brokerages may file default reports and handle follow-up procedures, and defaulters may face penalties, debt claims and impacts on their credit records. However, a large default settlement does not necessarily indicate failed day trading or a broken funding chain; the actual cause depends on each individual case.