Taiwan Depository & Clearing Corporation

To implement Financial Import Substitution Program, and to meet the demands of domestic bond dealers’ operation requirements, TDCC launched the custody and book-entry transfer services on July 1, 2015. The avail services include cross boarder transfer, book-entry transfer for the OTC trades, as well as the principle and interest payment. A magnificent growth in foreign securities trading and a significant cost reduction are optimistically expected.

In sync with the initiation of such services, Mega Bills, a local leading trendsetter in bonds and bills, was the first institution that takes full advantages of this program. On the day of launch, Mega Bills transferred various offshore foreign bonds back to the custody of TDCC. An estimated NTD$ 3 billion has been accumulated up to the first half of July 2015. Other primary dealers are successively transferring their foreign bonds to TDCC. The scale of the foreign bonds under the custody of TDCC and the business of book-entry transfer are both anticipated to sprint exceptionally.

Mega Bills stated that not only has TDCC been managing the domestic bills, the bond delivery and custody for an ample period of time, but also cultivated a secured and efficient framework for all transactions. TDCC has projected their professional image as well as their prestigious reputation. With a great contentment we embrace such new service from TDCC. Every foreign transaction is open to all local dealers now, and this would defiantly boost all activities of domestic bond market and stimulate our foreign currency debenture trades.