Account Opening and Changes-TDCC Taiwan Depository & Clearing Corporation

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Account Opening and Changes

Introduction

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Q&A

1.
When did the full dematerialization of commercial papers occur? What are the procedures for account opening and issuance procedures for related issuers?
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Starting from September 18, 2017, the dematerialized registration system was adopted for all financing commercial papers and foreign-currency commercial papers. No commercial papers shall be issued in physical format. For more information on related operating procedures for issuers' applications of registration of accounts and issuance of commercial paper, please visit https://cp2.tdcc.com.tw/. You can also visit the TDCC homepage (www.tdcc.com.tw) and click on "Registered Commercial Paper" to obtain information.
2.
Can issuers designate a bank to serve as the payer for the commercial paper?
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No. After the implementation of the system, the payer of all commercial paper shall be "Taiwan Depository & Clearing Corporation." TDCC engaged Taiwan Cooperative Bank Ziqiang Branch to take charge of NTD redemption operations and the Foreign Department of Mega International Commercial Bank to take charge of USD redemption.