Taiwan Depository & Clearing Corporation

As bonds and bills market thrives, TDCC has developed a new dynamic information inquiry platform for bonds and bills settlements called "SyncOnline" to enhance the efficiency of settlement operations. This platform provides bonds and bills dealers with more convenient, real-time, and transparent settlement status query services.

TDCC President Daniel Chen stated that the TDCC launched the "SyncOnline" service on March 25 this year. Drawing on the delivery tracking services of ICSDs and SWIFT, and combining years of experience in assisting the market in managing settlement processes between counterparties, this service builds a whole new communication bridge for the market. Bonds and bills dealers can now access a single interface to instantly obtain updates on the settlement status of their counterparties and relevant information from various financial intermediaries in the market. Without the need for intensive phone tracking inquiries, the service has significantly enhanced settlement efficiency.

TDCC's Bonds and Bills Clearing and Settlement System (BCSS) has been providing T+0 delivery-versus-payment (DVP) services for almost two decades. As the market grows annually, issuers, bonds and bills dealers, and investors have increasingly valued the efficiency of fund allocation for primary issuance, secondary trading, and maturity redemption, making the processing timelines for each settlement very tight. Statistics show that the total annual volume of bills transactions reached NT$81 trillion last year, with a daily average exceeding NT$320 billion, highlighting the market's vigorous activity.

Since its launch, 90% of bonds and bills dealers have been using "SyncOnline", and the service has received high praise from its users. As the volume of bonds and bills transactions continues to grow, "SyncOnline" not only enables comprehensive tracking of settlement status but also enhances settlement efficiency, thereby promoting healthy market development!