Account Book-Entry Transfer
Book-entry settlement of international bonds/registered foreign bonds
1.Electronic bond trading system of Taipei Exchange: Securities dealers should engage in the clearing, enquiry and transfer of payment via the international bond trading system, which is a sub-system of the electronic trading system of Taipei Exchange.
2.Price negotiation for outright transaction at securities dealers’premises:
(1)The target securities of outright or repo-style bond transactions between clients and participants, or among participants shall be delivered in book-entry form and payments are to be settled among themselves.
(2)Securities dealers may engage in repo-style bond transactions with clients, and the former must issue a passbook to the latter.
(3)Clients may make an outright sale of international bonds to securities dealers following the procedures prescribed by the Taipei Exchange for exemption of in-person settlement at the counter.
(1)Participants may request securities transfer for direct private acquisition, and for succession/gift, redemption/repo, pledge and trust arrangements.
(2)Participants may request TDCC to engage in cross-border payment and securities transfer for foreign currency-denominated bonds that are registered or deposited with a foreign depository.
(3)Transfer among foreign depositories and other participants is possible provided the international bonds are registered with TDCC.
(Chinese version only)