Approved foreign exchange business in February 2024

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

1.Australia and New Zealand Banking Group, Taipei Branch to issue foreign currency denominated negotiable certificates of deposit.

2.Mega International Commercial Bank to issue a dollar-denominated senior unsecured structured note linked to interest rate derivatives.

3.CTBC Bank to issue four dollar-denominated senior unsecured structured notes linked to equity derivatives.

4.Cota Bank to authorize designated branches to recommend foreign exchange derivatives.

5.SinoPac Securities to engage in spot foreign exchange transactions related to the securities business.

6.One branch of one bank to operate the foreign exchange business. As of the end of February 2024, there were 3,470 authorized banks, including 3,430 domestic banks, 3 Mainland banks, and 37 foreign banks.