Taiwan Depository & Clearing Corporation

As the world is developing Fintech like intelligent platforms, big data marketing, and AI, Taiwan Depository & Clearing Corporation (TDCC) is undergoing a digital transformation as well, using innovative ideas to realize its ideals and providing multiple digital services in the bill market. On October 29 2018, the e-documents of commercial paper (CP) will be launched, which will connect issuers, guarantors, and bill firms. TDCC uses a platform to keep every player in the loop. The platform economy is changing the old operation exercised for over 40 years. Now, Taiwan’s bill primary market is transforming into a more secure, convenient, and efficient environment for digital funding.

In September 2017, TDCC successfully released paperless financing CP. Over 3,000 issuers have registered so far. Issuers speak highly of the new effective services without risks of losing or damaging the printed CP. To extend platform economy’s value and effectiveness, TDCC is constructing a B2B2B platform for value added services such as e-document in the primary market. Thus, relevant documents that should be circled among issuers, guarantors, and bill firms will be automatically transferred via the platform. The method saves them the inconvenience of delivering the printed issuance documents, significantly increases issuance efficiency, and reduces relevant paperwork for bill firms.

Sherman Lin, TDCC Chairman & CEO, said that paperless CP made issuance work more convenient, secure, and efficient. Since the commencement of the service, the volume of issuance is increasing. There has been over NT$13.8 trillion CP in dematerialized forms till October 12 2018. After the launch of issuance e-documents on October 29 2018, there is only one click away for issuers to complete the issuance work. CP issuance will be more convenient and efficient in the future.

According to Gartner, an IT research and consulting authority, 75% of the enterprises in the world will transform into digital enterprises three years from now. Digital economic activities have flourished in people’s daily life, fundamentally reversing various industries. TDCC has been an important player in the bill market for over ten years, providing multiple quality services. Now, TDCC has become the best supporter of different parties who want to develop Fintech in the bill market. Meanwhile, with the innovative service ideals in mind, e.g. customer-orientation, openness and innovation, as well as platform economy, TDCC is fulfilling various demands of the financial market in Taiwan, exploiting Fintech, and building a digital financial environment that is safe, sound, and efficient.

CP in dematerialized forms website: https://cp2.tdcc.com.tw