Approved foreign exchange business in November 2020

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

1. Bank of Kaohsiung and Sunny Bank to provide digital foreign exchange deposit account opening service to customers.

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

3. President Securities to issue Exchange Traded Notes tracking the performance of a foreign index.

4. Nomura Asset Management Taiwan Ltd. to act as the domestic trustee of private placement offshore funds to manage the sale of funds to specific clients.

5. As of the end of November 2020, there were 3,461 authorized banks, including 3,423 domestic banks, 3 Mainland banks, and 35 foreign banks.