If a securities firm is short of underlying securities to meet its obligations to redeliver securities, it may seek refinancing from a securities finance enterprise.
证
商为因应还所需而无标的证可供返还时，得向证
融事业办理转融通。
;
新债取代旧债If a securities firm is short of underlying securities to meet its obligations to redeliver securities, it may seek refinancing from a securities finance enterprise.
证商为因应还所需而无标的证可供返还时，得向证融事业办理转融通。
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