Approved foreign exchange business in January 2016

In line with the policy of promoting the liberalization, internationalization, and development of the foreign exchange market, the Bank approved the following:

1.  Bank SinoPac, King’s Town Bank, The Shanghai Commercial and Savings Bank, Chang Hwa Commercial Bank, Mizuho Bank Taipei Branch, Banco Bilbao Vizcaya Argentaria Taipei Branch, Oversea-Chinese Banking Corporation Taipei Branch and ING Bank Taipei Branch to engage in electronic transaction businesses involving foreign exchange.

2.  Jih Sun International Bank to issue foreign currency denominated negotiable certificate of deposits.

3.  EnTie Commercial Bank to engage in principal protected callable structured products composed of foreign currency interest rate options and foreign exchange rate options linked to foreign currency principals.

4.  DBS Bank (Taiwan) to engage in principal protected callable structured products composed of foreign currency interest rate swaps and foreign currency interest rate swaptions linked to foreign currency principals.