What are the basic rules for bidding?
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.