Press Enter go to main content
:::

Central Bank of the Republic of China

:::

Approved foreign exchange business in January 2020

Central Bank of the Republic of China (Taiwan)

PRESS RELEASE                     Release Date: February 13, 2020                         

Approved foreign exchange business in January 2020

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

1.E. Sun Commercial Bank to issue foreign currency denominated negotiable certificate of deposits.

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

3.Cathay United Bank to engage in principal protected structured products composed of foreign exchange forwards and swaps between foreign currencies linked to foreign currency principals.

4.Horizon Securities Investment Consultant Co., Ltd. to act as the domestic trustee of private placement offshore funds to manage the sale of funds to specific clients.

5.One branch of one bank to operate the foreign exchange business. As of the end of January 2020, there were 3,461 authorized banks, including 3,423 domestic banks, 3 Mainland banks, and 35 foreign banks.

CLOSE
TOP
TOP