Equity Securities Services Overview

Dematerialized Registration/Delivery

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Custody Businesses

Securities under TDCC's custody are divided into Fungible Custody and Separate Custody.

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Clearing and Settlement

To streamline the securities market's clearing and settlement operation, the Securities and Futures Bureau, Financial Supervisory Commission promotes the "Book-Entry Settlement System of Securities in Centralized Custody" and TDCC would be in charge of handling relevant matters. The system utilizes the highly efficient transfer function of computers to perform the securities market's clearing and settlement operation in order to enhance the securities market's operating efficiency, lower its operating costs, and expand its development. Since TDCC takes charge of matters associated with the "Book-Entry Settlement System of Securities in Centralized Custody," it has continuously studied and initiated various new businesses to reduce the securities market's cost in handling related matters. Businesses engaged by TDCC include securities custody, trade settlement and transfer, pledge and delivery, securities loans, conversion of convertible bonds, ETF creation and redemption, and all of which can be conducted via book-entry transfer.

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Margin Purchase and Short Sale

It makes investors’ account updates and transaction status clearly and asset management more convenient through put the normal and margin trading transaction information together on the securities passbook.

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Financing Service

The competent authority approved in 2016 for the securities firms to conduct lending business for unrestricted purposes and securities finance companies to handle lending business using securities as collateral, which facilitates investors' flexible use in the invested assets, improves capital utilization of securities firms and securities finance companies, and increases their income sources.

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Pledges

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Trust

Since 2004, in response to customers' needs for handling trusts with centralized custody of securities, provide trustees to open trust accounts, trustors to handle trusts securities, trust benefit distribution, trust relationship elimination, or trust securities transfer and trust securities distribution via book-entry transfer.

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Lodgment for Security of Debt

To enable investors to deposit in the form of centralized custody securities, Article 7 paragraph 2 and Article 13 paragraph 2 was added to Deposit Law in 2005. If the securities are kept and registered in the form of registration or book-entry, the corresponding deposit procedures and the substituting receiving procedures of repayment of withdrawn securities, replacement securities, and interests are authorized to be defined by Judicial Yuan. Hence, Judicial Yuan then stipulated "Centralized Custody Securities Deposits and the Substituting Procedures of Withdrawing the Repayment, Replacement Securities, and Interests" on July 5, 2010, amended relevant procedures in 2017, and promulgated the regulations on July 3 of the same year. In accordance with the regulations, TDCC plans deposit operations for book-entry of centralized custody securities and lodgment for security debt to strengthen the book-entry function for centralized custody and to meet investors' needs for securities deposit.

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Conversion/Redemption/Resale/Reconvert

TDCC provides book-entry transfer services for investors to convert (exchange), redeem, or reverse repurchase convertible (exchangeable) bonds and redeem beneficiary certificates and depository receipts.

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Private Transfer/Inheritance/Gift

Since 2001, TDCC has launched transfer operations for private transfer, inheritance, and gift through participants.

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Abandonment of Securities Without Stock Affairs

As of April 1, 2013, TDCC provides the securities abandonment service for securities without stock affairs units. Investors can apply for a transfer with the participant using a post office's legal attest letter, application form, and relevant documents.

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Restricted Transaction Releases

To ensure the safety of customer assets, maintain the smooth use of participants' depository clearing connection online transactions and strengthen internal control and audit functions to manage specific transaction behaviors.

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Call (Put) Warrants

In June 1997, TWSE promulgated "Taiwan Stock Exchange Corporation Rules Governing Trading of Call (Put) Warrants." In the same year, the Company planed book-entry operations regarding trading and exercise of call (put) warrants in cooperation with TWSE.

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Public Tender Offer

To provide market investors with an open and transparent channel for the public tender offer and to resolve the burden of the seller in retrieving existing shares to participate in public tender offers, TDCC revised our operating rules in February 2002, offering book-entry service for the public tender offer of securities.

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Delivery and Deposit of Dissenting Shareholders

When a company conducts mergers and acquisitions, shareholders express disagreement and request the company to buy their shares at a fair price. The dissenting shareholders shall deposit the share with the stock affairs unit of the Company.

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Electronic Voting

To provide Taiwan market with full mechanism for shareholders to execute their voting rights, TDCC has completed the implementation of e-voting platform, STOCKVOTE in 2009 by following the order of competent authority.Since 2018, the securities authorities have enforced electronic voting in all listed company shareholders' meetings.

E-voting provides shareholders with one more channel to attend shareholders' meetings. When shareholders are unable to attend in person or have not assigned a proxy, they can exercise their voting power at the shareholders' meetings through electronic voting. According to Article 177-1 of the Company Act, it is equivalent to attending the meeting in person.

If you have any questions, please get in touch with the contact person (02)2514-1188

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