Approved foreign exchange business in March 2023

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

1. HSBC Bank (Taiwan) 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. Taiwan Cooperative Bank to issue a dollar-denominated senior unsecured structured note linked to interest rate.
3. Capital Securities to engage in spot foreign exchange transactions related to the securities business.
4. President Securities to engage in non-principal protected structured products composed of foreign currency bond options linked to foreign currency principals.
5. PGIM Securities Investment Trust Enterprise to handle public offers or private placement of funds denominated in foreign currencies (including Renminbi).
6. BNP PARIBAS Asset Management Taiwan Co., Ltd. to conduct the foreign currency discretionary investment business.
7. As of the end of March 2023, there were 3,453 authorized banks, including 3,413 domestic banks, 3 Mainland banks, and 37 foreign banks.