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Approved foreign exchange business in January 2015

Central Bank of the Republic of China (Taiwan)
PRESS RELEASE Release Date: February 12, 2015

Approved foreign exchange business in January 2015

In line with the policy of promoting the liberalization, internationalization, and development of the foreign exchange market, the Bank approved the following:
1.Cota Commercial Bank and Taiwan Shin Kong Commercial Bank to engage in New Taiwan dollar non-delivery forward (NDF) transactions.
2.Bank of Taiwan, Hong Kong Branch to engage in New Taiwan dollar non-delivery forward (NDF) transactions.
3.Bank of Taiwan and Mega Commercial Bank to install foreign currency automatic teller machines (ATM) at airports in areas beyond departure immigration clearance.
4.Cathay United Bank to operate approved internet banking foreign exchange business through a mobile banking system.
5.The Bank promulgated the application procedure and related requirements for foreign currency denominated collective investment trust fund business that need to be followed by trust enterprises.
6.4 branches of 2 banks to operate foreign exchange business. As of the end of January 2015, there were 3,410 authorized banks, including 3,371 domestic banks, 3 Mainland banks and 36 foreign banks.

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