Approved foreign exchange business in April 2014
PRESS RELEASE Release Date: May 13, 2014
Approved foreign exchange business in April 2014
In line with the policy of promoting the liberalization, internationalization, and development of the foreign exchange market, the Bank approved the following:
1. Cathay United Bank to conduct Structured Products composed of NTD Time Deposits and NTD Interest Rate Swaps, Foreign Equity Options.
2. Taiwan Cooperative Bank to underwrite foreign-currency denominated International Bonds.
3. Capital Investment Trust Corp., Ltd. to handle public offers or private placement of funds in foreign currencies (including Renminbi).
4. Horizon SICE to conduct foreign currency discretionary investment business.
5. As of the end of April 2014, there were 3,362 authorized foreign exchange banks, including 3,323 domestic banks, 3 Mainland banks and 36 foreign banks.