The Bank supervises the Taiwan Clearing House System to handle clearing and settlements of checks, promissory notes, and drafts among banks. All banks in Taiwan using these facilities should open reserve accounts at the Bank. And the net settlement balances will be debited or credited to these accounts. The Tawan Clearing House System includes 1 headquarter located at Taipei and 15 local clearing houses outside the Taipei area.
Participants of the system include banks, credit co-operative associations, credit departments of farmers' associations and fishermen's associations. The Bank is also a participant in the Tawan Clearing House System.
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