Taiwan Depository & Clearing Corporation

The global pandemic wanes, and face-to-face interactions across different countries resume. On February 15, 2023, executive-level leaders from Vietnam visited the Taiwan Depository Clearing Corporation (TDCC) to learn more about the securities and financial markets’ latest development. The delegation includes Chairman Nguyen Son from Vietnam Securities Depository (VSD), Acting Chairperson Nguyen Thi Viet Ha from Ho Chi Minh Stock Exchange, and Chairman Dominic Scriven from Dragon Capital, an asset management company in Vietnam. TDCC Chairman Han-Chiang Chu met with the delegation to exchange views on business innovation and the diverse development paths taken by back offices of capital markets. The leader-to-leader dialogue helped take the Taiwan-Vietnam partnership to the next level.

Under the purview of the competent authorities of the two countries, TDCC and VSD signed a memorandum of understanding (MOU) in 2008 to establish a collaborative framework of business operations, information exchange, and personnel training. Over the years, they have often shared their experiences in authentic practice, innovative services, relevant regulations, and other areas. As FinTech advances, the depository industry expands its footprint to provide investor services. VSD has also visited Taiwan multiple times to learn more about TDCC’s successful experiences in digital services such as e-voting for shareholder meetings and ePASSBOOK APP, hoping to optimize their own services.

Chairman Chu stated that, in the spirit of financial inclusion, TDCC has been proactively working on comprehensive shareholder services such as the 4e Shareholder Services (e-Voting, e-Meeting, e-Notice, and e-Gift) and ePASSBOOK APP. With such considerable experience, TDCC was highly recognized by the Asia-Pacific Central Securities Depository Group (ACG) to lead the Investor Services Task Force. As the convener, TDCC plays an active role in helping members exchange information. Since the Task Force was established, VSD has frequently interacted with TDCC as one of the members. VSD Chairman Nguyen Son also said that VSD and TDCC share a long-standing and profound friendship. Pleased to meet with the TDCC team in person again, Mr. Nguyen Son believes that the collaboration will be closer and it will help continue advancing the capital markets in both countries.

Being the one and only back office of the capital markets in Taiwan, TDCC has helped implement competent authority’s policies, including Capital Market Roadmap, FinTech Development Roadmap, and Green Finance Action Plan 3.0. TDCC seizes every opportunity to initiate cooperation with foreign institutions and have their ideas exchanged. Keeping abreast of international trends and promoting Taiwan’s achievements are also what TDCC has long been working on. TDCC will progressively realize responsible innovation with utmost meticulousness and showcase Taiwan’s soft power of digitalization, resilience, and sustainability to raise Taiwan’s capital markets’ profile in the international community.