Approved foreign exchange business in October 2024

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

1. Reappointment of Mega International Commercial Bank as the EUR settlement bank for the Foreign Exchange Interbank Clearing System.
2. Cathay United Bank to engage in foreign currency denominated collective investment trust account business.
3. CTBC Bank to issue dollar-denominated senior unsecured structured notes linked to equity derivatives.
4. Taipei Fubon Commercial Bank to issue a callable dollar-denominated senior unsecured structured note linked to interest rate.
5. Taiwan Cooperative Bank to issue a callable dollar-denominated senior unsecured structured note linked to interest rate.
6. Credit Agricole Corporate and Investment Bank Taipei Branch to engage in foreign securities trading business provided such trading is neither an investment of proprietary funds nor done to meet hedging purposes.
7. M&G Investments (Taiwan) Limted to act as the local mandated agent of an offshore fund institution and conduct private placement to specified counterparties.
8. As of the end of October 2024, there were 3,458 authorized banks, including 3,418 domestic banks, 3 Mainland banks, and 37 foreign banks.