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1.Foreign Exchange transactions between Authorized Banks and their customer are to be handled in accordance with Regulations Governing the Foreign Exchange Business of Authorized Banks, Regulations Governing the Declaration of Foreign Exchange Receipts and Disbursements of Transactions, Guidelines for the Authorized Banks in Conducting Foreign Exchange Business. In addition, Daily Report on Export and Inward Remittance Transaction and Daily Report on Import and Outward Remittance Transaction shall be filled out. |
2.In filling out the “Daily Report on Export and Inward Remittance Transactions”, the authorized bank shall inspect and submit the following documents and heed the following points for attention:
(1)When foreign exchange is sold for New Taiwan Dollars:
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| 1.With sight letters of credit, usance letters of credit, documents against acceptance (D/A), documents against payment (D/P), the authorized bank shall submit a Certificate of Foreign Exchange Settlement for export. With export-generated inward remittances, export promotion loans, inward remittances, and foreign currency deposits sold for New Taiwan Dollars, the authorized bank shall submit a Foreign Exchange Purchase Memo. The authorized bank is also requested to indicate the exchange rate and the amount of New Taiwan Dollars on the documents listed above. |
| 2.With export-generated inward remittances, inward remittances, and foreign currency deposits sold for New Taiwan Dollars, the authorized bank shall follow the Regulations Governing the Declaration of Foreign Exchange Receipts and Disbursements or Transactions. |
3.With bank income such as overseas interest, processing fees, and investment profits, upon converting into New Taiwan Dollars, the authorized bank shall fill out a declaration statement in accordance with the Regulations Governing the Declaration of Foreign Exchange Receipts and Disbursements or Transactions, and shall also fill out a Foreign Exchange Purchase Memo and report it under the “other” column.
(2)When foreign exchange is not sold for New Taiwan Dollars:
With foreign currency deposits, deductions taken out to repay loans, transfers of foreign exchange to other banks, and third currency transactions, the authorized bank shall submit copies of these other transaction certificates. |
3.In filling out the “Daily Report on Import and Outward Remittance Transactions”, the authorized banks shall submit the following documents and heed points for attention:
(1)When New Taiwan Dollars are used to purchase foreign exchange: |
| 1.With sight letters of credit, usance letters of credit, documents against acceptance (D/A), documents against payment (D/P), the authorized bank shall submit a Certificate of Foreign Exchange Settlement for Import. With import-generated outward remittances, outward remittances, and purchases of foreign exchange for the purpose of making foreign exchange deposits, the authorized bank shall submit a Foreign Exchange Sale Memo. The authorized bank is also requested to indicate the exchange rate and the amount of New Taiwan Dollars on the documents listed above. |
| 2.For foreign exchange purchased to repay import loans, the relevant figures shall be filled in the “Outward Remittances” column. |
3.With bank expenditures such as overseas interest, processing fees and investment losses, upon converting into Foreign Exchange, the authorized bank shall fill out a declaration statement in accordance with the Regulations Governing the Declaration of Foreign Exchange Receipts and Disbursements or Transactions, and shall also fill out a Foreign Exchange Sale Memo and report it under the “Others” column.
(2)When foreign exchange is not purchased from New Taiwan Dollars:
When payment is made via foreign currency deposits, foreign currency loans, or foreign cash, or via third currency transactions, the authorized bank shall submit copies of these other transaction certificates. |
| 4.Documents submitted in connection with outward and inward remittances shall be identified using the classification and numbering of remittances adopted by the Foreign Exchange Department. |
| 5.When foreign currency deposits are redeposited, outward and inward remittances shall be entered under separate columns. |
| 6.Certificates of Foreign Exchange Settlement for Export(Import), Foreign Exchange Purchase (Sale) Memos, and other certificates shall bear the name of the customer and the profit-making enterprise uniform No.(or the citizen’s ID No. in the case of an individual). |
| 7.To facilitate review, attachments to the various columns in daily reports shall be bound separately with notes indicating the number of attachments for that column and the total amount thereof (to be prepared in the manner described). |
| 8.Daily reports shall be printed by the authorized banks using the colors and formats required by regulations, and shall be certified and signed by those who are responsible for. |
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