Approved foreign exchange business in March 2010
PRESS RELEASE Release Date: April 12, 2010
Approved foreign exchange business in March 2010
In line with the policy of promoting the liberalization, internationalization, and development of the foreign exchange market, the Bank approved the following:
1. Yuanta Commercial Bank Co., Ltd. to commence phone banking business involving foreign currencies.
2. Taishin International Bank to commence internet banking FCY Time Deposits business not involving currency conversion.
3. 5 authorized banks to conduct foreign exchange derivatives business via the negative list approach including：
（1） Bank SinoPac Company Limited ：FCY Commodity Options.
（2） E.Sun Commercial Bank, Ltd.: FCY Commodity Options.
（3） ABN AMRO Bank Taipei Branch: Foreign Exchange Credit Default Swaps.
（4） The Hongkong and Shanghai Banking Corp.Ltd., Taipei Branch: FCY Gold Options.
（5） EnTie Commercial Bank: FCY Commodity Options.
4. 19 branches of 6 banking enterprises to operate foreign exchange business. As of the end of March 2010, there were 1,518 authorized foreign exchange banks, including 1,424 domestic banks and 94 foreign banks. In addition, 2 branches of 2 banking enterprises were approved to sell/buy foreign currency banknotes and traveler’s checks.