Central Bank of the Republic of China (Taiwan)

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Press Releases

Approved foreign exchange business in June 2018

Central Bank of the Republic of China (Taiwan)

PRESS RELEASE                                   Release Date: July 12, 2018                           

Approved foreign exchange business in June 2018

In line with the policy of promoting the liberalization, internationalization, and development of the foreign exchange market, the Bank approved the following:

1.    CTBC Bank, E. Sun Commercial Bank, Hua Nan Commercial Bank, and Chang Hwa Commercial Bank to provide digital foreign exchange deposit account opening service to customers.

2.    Taishin International Bank to engage in principal protected callable structured products composed of foreign currency interest rate swaps, foreign currency interest rate swaptions, foreign currency equity options, and foreign exchange rate options linked to foreign currency principals.

3.    KGI Futures to engage in foreign currency margin trading business.

4.    Five branches of Cota Commercial Bank to operate foreign exchange business. As of the end of June 2018, there were 3,435 authorized banks, including 3,397 domestic banks, 3 Mainland banks, and 35 foreign banks.