Approved foreign exchange business in February 2010
PRESS RELEASE Release Date: March 12, 2010
Approved foreign exchange business in February 2010
In line with the policy of promoting the liberalization, internationalization, and development of the foreign exchange market, the Bank approved the following:
1. 4 authorized banks to conduct foreign exchange derivatives business via the negative list approach including：
（1） Taipei Fubon Commercial Bank Co.: FCY Commodity Forward Contracts.
（2） Oversea-Chinese Banking Corporation Ltd., Taipei Branch: FCY Options.
（3） EnTie Commercial Bank: NTD/FCY Cross Currency Swaps without net cash settlements.
（4） Citibank Taiwan Limited: Structured Account with Principal Value Protection feature, Structured Gold Account with Principal Value Protection feature.
2. 10 branches of 2 banking enterprises to operate foreign exchange business. As of the end of February 2010, there were 1,500 authorized foreign exchange banks, including 1,404 domestic banks and 96 foreign banks.