Approved foreign exchange business in August 2011
PRESS RELEASE Release Date: September 13, 2011
Approved foreign exchange business in August 2011
In line with the policy of promoting the liberalization, internationalization, and development of the foreign exchange market, the Bank approved the following:
1. The following authorized banks to conduct foreign exchange derivatives business:
(1) Ta Chong Bank Ltd.: FCY Commodity Options
(2) Taishin International Bank: Structured Products composed of NTD Time Deposits linked to Foreign Equity (Equity Index) Options.
2. 87 branches of 13 banking enterprises to operate foreign exchange business. As of the end of August 2011, there were 1,932 authorized foreign exchange banks, including 1,860 domestic banks and 72 foreign banks.