Taiwan Depository & Clearing Corporation

Given the demand from institutional investors and the government's policy to realize import substitution in the financial sector, the Taiwan Depository & Clearing Corporation (TDCC) has officially launched cross-border foreign securities custody services, and completed the first DVP settlement of foreign bonds in Germany and Belgium for a life insurer on September 18, 2015 (Europe time), using the cross-border infrastructure built in collaboration with Euroclear and Clearstream in 2014, which marks another innovation in TDCC's cross-border businesses.

In response to institutional investors' demand for foreign securities settlement and custody services, TDCC is working with two of the world’s largest central securities depositories in launching services of overseas account bookkeeping, funds & securities settlement and transfer, securities lending, foreign exchange, registration of tax eligibility, corporate action and asset valuation.

TDCC Chairman Mr. Ding Kung-wha outlined his vision for future business expansion, which is to provide the market with well-rounded services and government supervisory updates at lower costs. As a courtesy, TDCC announced a 50% fee discount on the new services for a period of three years from the launch day. Many insurers, banks, bill dealers and securities brokerages have opened accounts at TDCC. Amid the internationalization and diversification of Taiwan's securities market, TDCC will remain committed to serving all market participants, and continue to collaborate with post-trade institutions across the globe in order to provide better post-trade services to Taiwanese customers as they make their ways into the global market.