Account Opening

Opening an account for international bonds and registration of international bonds

Introduction

1.Opening an account for international bonds

(1)Issuers may request TDCC to process payments arising from international bonds that are registered with a foreign depository, book-entry or settlement agency. To do that, the issuer and underwriters of the securities should sign a contract with TDCC, and fill in an application form for “Issue Registration and Payment Processing.” Issuers who wish to appoint a proxy to sign the aforesaid contract with TDCC should provide a legal opinion or any such documents to prove:

A.the applicability and validity of such appointment if it is not made in accordance with the laws of the Republic of China (Taiwan);

B.the qualification of the authorizer to make such an appointment.

(2)Issuers who wish to register an international bond with TDCC should open an account with TDCC to become a participant, and thereby request registration and book-entry payment and delivery services. Issuers who wish to appoint a proxy to open such account should follow the aforementioned procedures.

(3)Securities dealers, foreign depository, book-entry or settlement agencies that wish to request TDCC to process payments arising from foreign currency-denominated bonds should open a book-entry deposit account with TDCC to become a participant.

(4)Clients and foreign depository, book-entry or settlement agencies need to open a book-entry deposit account with one of our participants to request payment processing services for foreign currency-denominated bonds from TDCC.

2.Registration of foreign bonds

Securities dealers may only trade a foreign bond at their premises after the foreign bond is successfully registered with Taipei Exchange.

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