Taiwan Depository & Clearing Corporation

Since its commencement on March 29, 2017, ePASSBOOK has received positive feedback from investors. It not only brings convenience to investors, but it also saves cost from manufacturing printed passbooks. As a part of the securities market, Taiwan Depository & Clearing Corporation (TDCC) acts to support the government’s “energy conservation and carbon reduction” policies and to protect the environment.

In the past, the annual average issuance number of printed passbooks in the securities market was 650,000. Only the cost of passbooks and the magnetic stripes was more than NT$3 million, much less the management and operation cost was enormous. Besides, printed passbooks aren’t real-time enough. Investors need to go to securities business offices to update their passbooks to keep track of their deposits. If the investor owns passbooks from three different securities firms, then they have to go to three different places, which is very inconvenient.

ePASSBOOK combines technological concepts and traditional passbooks. The printed passbooks are hard to keep and need to be updated in the bank—quite inconvenient for management. ePASSBOOK is just an APP in investors’ smartphones. The APP integrates various passbooks from different securities firms, making maintenance and mobility more efficient. Investors no longer need to visit their securities firms to update their passbook. Just take a look at their phones, they can have real-time data on their personal accounts and balance.

In addition, the APP functions are exactly what investors need, e.g. newly integrated asset distribution and market value, transaction details on the cloud, customized notifications, and TDCC exclusive equity market analytics. For investors with multiple securities accounts, ePASSBOOK is a convenient and efficient choice because it contains investment portfolio information of different securities firms just in one APP.

Are you still using printed passbooks? Go ahead and apply to your securities firms for ePASSBOOK. Let’s go paperless and save our planet!

ePASSBOOK website: https://epassbook.tdcc.com.tw/