Central Bank of the Republic of China (Taiwan)

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FAQ

What are the basic rules for bidding?

1. T-bills sale or buyback auctions

T-bills sale auctions:Competitive bids must be expressed as a discount rate. Each tender must be above a minimum of NT$5 million and in multiples of NT$1 million. Current practice only allows competitive bids.

T-bills buyback auctions:Competitive bids must be expressed as a yield. Each tender must be above a minimum of NT$1 million and in multiples of NT$1 million.

2. Central government bond sale or buyback auctions

Bond sale auctions:Competitive bids must be expressed as a yield. Each tender must be above a minimum of NT$100 million and in multiples of NT$50 million.

Bond buyback auctions:The rules are same as those of T-bills buyback auctions.