Important Measures in March 2008
PRESS RELEASE Release Date: April 14, 2008
Important Measures in March 2008
In line with the policy of promoting the liberalization, internationalization, and development of the foreign exchange market, the Bank took the following measures in March 2008:
1. Allowed Calyon Corporate and Investment Bank to conduct FCY Callable Structured Products (Dual Range Swap) composed of FCY IRS, IRO and IR Swaptions, linked to CMS and LIBOR via the negative list approach.
2.Approved Goldmine Securities Investment Consulting Co., Schroders Taiwan, Taipei Fubon Commercial Bank, Alpha Asset Management Corp. and Giant Securities Investment Consulting Co. to act as offshore funds' domestic trustee to manage the sale of funds to specific clients privately.
3.Authorized 22 branches of 6 banking enterprises to operate the full range of foreign exchange business. As of the end of March 2008, there were 1,242 authorized foreign exchange banks, including 1,162 domestic banks and 80 foreign banks. In addition, 6 branches of 4 banking enterprises were approved to sell/buy foreign currency banknotes and traveler's checks.