Taiwan Depository & Clearing Corporation

To further strength our services further to the investors, TDCC has reduced the remittance fee by NT$220 (about U$7.00) for each buy or dividend pay when the offshore fund investors trade with one of the 10 payment banks that cooperate with TDCC from 30th May, 2016.

"We are very humble in terms of what we have accomplished in the fund service sector in the last decade,” Chairman Lin stated, “However, after being in the filed for 10 years, we are very optimistic in providing more aggressive measures to the investors in the market.” For that very purpose, TDCC set up their Fund and Global Services Department in order to improve their current services with more resources. Though this offshore fund remittance fee adjustment progression may seem insignificant to the trading platforms, it greatly demonstrates our commitment in both providing more sophisticated customer services and reforming for an advanced trading environment.

"The fund payment transaction services provided by TDCC have been vastly utilized in the market.” Mr. Meng Ching-Li, president of TDCC, acclaimed. “The number of fund investors in the offshore fund trading platforms has exceeded 730,000; furthermore, the trading amount has reached NTD 62.4 billion in TDCC offshore fund trading service platform last year.” Meng continued, “This remittance fee adjustment will definitely cause TDCC some finance restructurings; however, the overall cost reduction for our investors is estimated at NTD 6,000,000 yearly, and that is a great deal of saving for our investor in their trading costs.”

The trading entities are now able to perform transactions in the domestic fund market; an act that has been approved by the Taiwan Financial Supervisory Commission recently. To be in sync with such policy, TDCC is now establishing our domestic fund trading service platforms, a crucial element in completing the fund service platform, so that all investors can trade in a highly secured and greatly efficient finance climate, in both offshore markets as well as domestic market. In the future, TDCC will remain the course for questing more innovative evolvements to cultivate a market aspect that benefits all the interested parties in the market.