Approved foreign exchange business in August 2024

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

1. First Commercial Bank, Bank of Taiwan, Mega International Commercial Bank and Taiwan Business Bank to issue foreign currency denominated negotiable certificates of deposit.

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

3. Taiwan Cooperative Bank to engage in principal protected structured products composed of domestic equity (including index) options linked to foreign currency principals.

4. Swiss Wealth Securities Investment Consulting Co., Ltd. to act as the local mandated agent of an offshore fund institution and conduct private placement to specified counterparties.

5. As of the end of August 2024, there were 3,464 authorized banks, including 3,424 domestic banks, 3 Mainland banks, and 37 foreign banks.