Taiwan Depository & Clearing Corporation

The Financial Supervisory Commission (FSC) approved securities brokers' domestic fund subscription under their own names on April 26. The receipt and payment are able to be processed through the designated payment accounts with TDCC. In accordance with the launch of the service, TDCC is conducting comprehensive upgrade to the existing “Fund Clear Platform.” In the future, in addition to the information transmission as well as receipt and payment services for offshore funds, securities companies can also make use of the service to distribute domestic funds.

Since 2000, TDCC has developed a variety of basic services for fund market. For over a decade, TDCC has already provided dynamic services such as registration for fund beneficiary certificate in dematerialized form, fund information transmission and payment services, offshore and futures trust fund reporting services; TDCC has constructed the integrated, highly efficient infrastructure to assist development of fund industry in Taiwan.

As Chairman & CEO, Mr. Sherman Lin states, as for offshore Fund Clear Platform, that there are over 730,000 investors of securities companies, investment trust companies and investment consultant companies that use TDCC's mutual fund services. In 2015, the number of offshore fund trading through TDCC reached 1,500,000, with the amount exceeding NT$60 billion. In the past three years, the number of trading has increased by 60%, and the trading volume has grown by 150%. With FSC's approval for securities companies’ adoption of TDCC's service, the trading volume is expected to grow further. Chairman & CEO, Mr. Sherman Lin emphasizes that the vision of TDCC is to be the powerful backing for mutual fund companies, distributors and investors. The domestic fund receipt and payment service is the last piece of puzzle for Fund Clear Platform integration; it will offer investors a highly secure and efficient environment for offshore and domestic fund trading and will help maintain stable development of the fund market.

TDCC is scheduled to launch the domestic fund receipt and payment services on July 1, 2016. In the future, TDCC believes that through more companies' adoption of TDCC's Fund Clear platform, investors can make investments in offshore and domestic funds in a convenient, secure, efficient environment, and therefore the total market scale will be further expanded.