Taiwan Depository & Clearing Corporation

TDCC plays a pivotal role in the fund ecosystem. Since the launch of the "Onshore Fund Centralized Clearing Platform" at the end of June, TDCC has already seen four investment trust companies, including Capital Fund, Franklin Templeton SinoAm Securities Investment Management Inc., Cathay Securities Investment Trust, and Fubon Securities Investment Trust, four distribution institutions such as First Commercial Bank, Hua Nan Bank, Chang Hwa Bank, and Mega Securities, and six custodian banks formally using the platform's services. This initiative not only automates the processing of numerous information and financial flows between investment trust companies, distribution institutions, and custodian banks, effectively enhancing the overall efficiency of fund payments in the market, but also reduces the operational costs for investment trust companies and distribution institutions, thus significantly improving the overall competitiveness of the domestic fund market.

Since the launch of the "Onshore Fund Centralized Clearing Platform," a total of 18 investment trust companies have signed contracts with TDCC. These investment trust companies are actively revising their fund trust agreements and negotiating the amendment of securities investment trust fund sales agreements with their distribution institutions. In addition to the four investment trust companies already online, including Allianz, Yuanta, Nomura, Alliance Bernstein, First Securities, President Securities, Mega, CTBC, KGI, Neuberger Berman, and UOB Securities, among others, plan to come online by the end of this year. The cumulative market share of fund assets will exceed 50%, collectively propelling the transformation and upgrading of the fund market.

TDCC President Te-Hsiang Chen, stated that with the strong support of the Financial Supervisory Commission's policies and the associations relevant to fund market, TDCC has gradually established a standardized and digitized central clearing mechanism for funds. Investment trust businesses that sign contracts with TDCC and go online to use the '"Onshore Fund Centralized Clearing Platform" by the end of this year can apply to the Financial Supervisory Commission for recognition in accordance with the " SITEs Incentive Plan " for their concrete contributions to the operation and development of Taiwan's asset management business. At the same time, they can also enjoy the 'Early Bird Discount' provided by TDCC, which offers two years of free use of centralized clearing services.

In the spirit of jointly promoting the overall development of the domestic fund ecosystem, TDCC provides market incentives and continues to refine the platform's service content, inviting all relevant fund industry participants to actively join and share in the platform's benefits.