TDCC’s Digital Services Breaks New Ground: An Overall Inception of Bond Passbook Digitalization
2022/08/22
In 2020, TDCC launched digitalized services for trade confirmation data and bond passbook between bond dealers and custodian clients (B2B), and the services have won widespread praise since then. Until now, almost all the market participants have adopted the services. TDCC expanded the services between bond dealers and general investors (B2C) on August 22, 2022, setting a new milestone with continuous service optimization.
According to TDCC interim President Gloria Ching, TDCC has been providing the market with high-quality digitalized back-office services through Fintech and innovative thinking based on the co-organization with Taiwan Securities Association. To provide digitalized services between bond dealers and general investors, TDCC has channeled trade confirmation data and electronic bond passbook to the newly constructed TDCC i Inquiry Platform, putting into practice the ESG course of action.
To protect investors’ rights and interests, TDCC has created an investment environment of diversity, inclusion, and security. Through computers, cellphones, or tablets, investors can connect to the online platform via an email link or log-in to inquire about bond trade confirmation slips, delivery statements, clearing and settlement statements, and electronic bond passbook updates sent from bond dealers in real time. As early termination of the electronic bond passbook occurs, the options include digital confirmation on the platform and physical confirmation on paper.
The launch of the services has drawn intense attention from the market and a significant number of inquiries from investors. The comprehensive activation of digitalized services has provided a contactless solution in the post-pandemic era. Besides, the complicated manual procedure involving postal services, courier services, and the process at a physical counter has been eliminated for both trading parties. Looking into the future, TDCC will keep exploring digital financial service applications, designing integrative interfaces, and incorporating a wide range of financial instruments so that the company can further provide investors with reliable digital data value-added services.
TDCC i Inquiry Platform:https://iquery.tdcc.com.tw/iquery