TDCC's i Inquiry Platform Makes Checking Bond Passbooks Easy for Investors
2022/10/26
Starting from October 24, 2022, whenever a selling dealer executes an application to cancel electronic bond passbook for early termination, the investors can directly use certificates to confirm such termination, and relevant information on TDCC's i Inquiry Platform without any delay. Through computers, cellphones, or tablets, investors can connect to the online platform via log-in to inquire about bond trade confirmation statements, clearing and settlement statements, and electronic bond passbook updates sent from bond dealers in real time. i Inquiry Platform not only makes early termination more efficient but also secures investors' rights and interests. Investors are also benefited by the paperless trend on ESG sustainable development.
Clerical processes that involve paper statements are where many investors want to see improvement in their daily settlement. In practice, photocopied versions of settlement documents are faxed a few days prior to the mailing of original copies for joint safekeeping. When hard-copy bond passbooks are delivered for negotiated repo-style transactions, they shall be kept for periodic inventory checks. In case of an early termination, the bond passbook also has to be submitted to the selling dealer, which complicates the process.
Senior Executive Vice President of TDCC Gloria Ching said that TDCC is devoted to developing financial inclusion and enhancing digital service accessibility in order to make market settlements more efficient. In 2020, TDCC launched digitalized services for trade confirmation data and bond passbook between bond dealers and custodian clients (B2B). From August 22, 2022, TDCC expanded the services between bond dealers and general investors (B2C). Various institutions from different sectors have adopted the services, which won widespread praise since then. The new online confirmation feature allows registered investors to instantly access information while further simplifying investment processes.
TDCC's i Inquiry Platform uses digital technology to bring investors the aforementioned electronic services free of charge. Investors can apply to use them with their bond dealers.
To TDCC's i Inquiry Platform：https://iquery.tdcc.com.tw/iquery/#/login/pwd01
