Central Bank of the Republic of China （Taiwan）

PRESS RELEASE                                                 Release Date: November 12, 2021                           

Approved foreign exchange business in October 2021

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

1. DBS Bank Taipei Branch to engage in non-deliverable New Taiwan Dollar interest rate swaps (NDIRS) settled in foreign currency for professional institutional investors and high net worth corporate investors.

2. KGI Securities to engage in non-principal protected callable structured products composed of foreign currency bond options linked to foreign currency principals.

3. Fubon Futures Co., Ltd., concurrently operating a leverage transaction merchant, to conduct foreign currency margin trading business.

4.  As of the end of October 2021, there were 3,463 authorized banks, including 3,425 domestic banks, 3 Mainland banks, and 35 foreign banks.