Laws and Regulations Database of the Central Bank of the Republic of China(Taiwan)

3.
Book-entry CGS are in registered form, and the particulars of purchase, transfer, 
trust, lodgement, depository of reserves, pledge, and serving as public guarantee 
shall be registered in accordance with these Directions. Unless duly registered, 
protestation against a third party shall not be provided.

4.
Terms in these Directions are defined as follows:
(1)“Book-entry CGS” refers to central government bonds issued in registered form (hereinafter
　　referred to as “book-entry CGBs”) in accordance with Article 6 of the Central Government
　　Development Bonds and Loans Act, and treasury bills issued in registered form (hereinafter 
　　referred to as “book-entry treasury bills”) in accordance with Article 5 of the Treasury
　　Bills and Short-term Loans Act.
(2)“Exchangeable bonds” refer to book-entry bonds which may be exchanged for stocks held by 
　　the central government (hereinafter referred to as “government-held stocks”), the
　　government repays with government-held stocks or the principal to the bonds holders based
　　on the terms of the agreement.
(3)“Strippable bonds” refer to interest-bearing government bonds made up of interest and 
　　principal payments that can be separately traded as announced by the Ministry of Finance.
(4)“Separate Trading of Registered Interest and Principal of Securities (STRIPS) ” refers
　　to “coupon STRIPS” and “principal STRIPS”, that are zero coupon bonds derived from
　　strippable bonds and traded separately with no interest payment but repaid at par value
　　at maturity.
(5)“Clearing banks” refer to banks and Chunghwa Post Co., Ltd. appointed by the Bank to
　　handle registrations, transfers, associated fund settlements, as well as payment of
　　maturing principal and interest of book-entry CGS.
(6)“Registration institutions” refer to Department of the Treasury and Department of Banking
　　of the Bank (hereinafter referred to as “Department of the Treasury” and “Department of
　　Banking”), and clearing banks that perform registration of book-entry CGS.
(7)“Own account” refers to the securities account owned by the Bank or a clearing bank in 
　　its own book.
(8)“Customer account” refers to the securities account owned by a corresponding customer
　　at the Bank or a clearing bank. 
(9)“Transfer registrations” refer to the registrations of inward or outward title transfers
　　of book-entry CGS carried out due to purchase, trading, succession, gift, trust, or other
　　reasons.
(10) "Lodgement registrations" refer to the registrations of inward or outward possession 
　　transfers of book-entry CGS when the underlying securities serve as the lodgement objects
　　deposited with the Court.
(11) "Return registrations" refer to the registrations of inward or outward possession 
　　transfers of book-entry CGS when the underlying securities serving as the lodgement object
　　deposited with the Court are returned to the original depositor or delivered to a third
　　party.
(12)“Restricted transfer registrations” refer to the registrations of restricted inward or
　　outward transfers without changes in book-entry CGS ownership, such as pledge 
　　registrations, public guarantee registrations (where duly deposited in the Bank, the
　　Treasury, or a bank to serve as a guarantee), or reserves deposit registrations (where 
　　duly deposited in the Bank to serve as trust fund reserves or indemnity reserves).
(13)“Revocations with ownership transfers” refer to a third party applying to a clearing
　　bank for revocations of original registrations and for registrations of inward or outward
　　transfers of securities ownership when the securities serve as public guarantees or 
　　depository reserves and should be transferred to the third party under a court order of
　　compulsory enforcement.
(14)“Cancellations with ownership transfers” refer to a buyer of securities applying to a
　　clearing bank for cancellations of original certificates and for inward or outward 
　　transfers of securities ownership when the securities are the underlyings of an issued
　　repurchase transaction (repo) certificate and the repo seller has not carried out
　　cancellations of the original certificate with the clearing bank prior to the prescribed
　　time on the maturity date of transactions such that the securities may be transferred 
　　to the repo buyer.
(15)“Intrabank transaction registrations” refer to various registrations performed between 
　　two trading parties whose securities accounts are maintained at the same registration 
　　institution.
(16)“Interbank transaction registrations” refer to various registrations performed between
　　two trading parties whose securities accounts are maintained at different registration
　　institutions.
(17)“Par value” refers to the registered value of book-entry CGS. The minimum registration
　　unit is NT$100,000 and other units used must be multiples of NT$100,000.
(18)“Transferable balance” refers to the balance of a clearing bank securities account at
　　Department of the Treasury after subtracting the balance of interbank restricted outward
　　transfer registrations.
(19)“Disposable balance” refers to the balance in a clearing bank’s own securities account
　　or its customer’s securities account after subtracting the balance of restricted outward
　　transfer registrations, repo certificates issued by the clearing bank, and other intrabank 
　　deductible balances.
(20)“Transactions accompanied by payment” refer to book-entry CGS transactions accompanied
　　by payment made for awarded securities, buybacks, delivery-versus-payment transfers, 
　　payment of principal and interest, as well as the collection of interbank transfer fees 
　　and disbursement of payment processing fees by the Bank.

7.

34.
The transferor bank, when sending instructions such as interbank transaction 
transfer, exchange for government-held stocks and bond stripping or bond 
reconstitution, shall proceed in accordance with the following instructions：
(1) Transfer registration: The messages shall be classified into delivery-
　　versus-payment and free-of-payment, and shall include the transaction 
　　serial number, the transferor bank, the securities account number of the 
　　transferor, the account name of the transferor, personal ID number (profit-
　　seeking enterprise uniform number) of the transferor, the transferee bank, 
　　the securities account number of the transferee, the account name of the 
　　transferee, personal ID number (profit-seeking enterprise uniform number) 
　　of the transferee, the securities code, and the amount of securities; 
　　delivery-versus-payment transfers shall include additional information on 
　　cash account number of the transferor, cash account number of the 
　　transferee, and the amount of funds. Transfer registrations arising from a 
　　trust, shall also include relevant information on the establishment or 
　　termination of the trust. 
(2) Restricted transfer registration: In addition to the provisions on free-of-
　　payment transfer messages prescribed in the preceding subparagraph apply 
　　mutatis mutandis to restricted transfer registration, messages of whether 
　　there is a pledge default agreement, interest beneficiary and the type of 
　　restricted transfer registration shall be also included.
(3) Lodgment registration and return registration: The provisions on free-of-
　　payment messages prescribed in subparagraph 1 hereof shall apply mutatis 
　　mutandis to information to be included in the message.
(4) Exchange of government-held stocks: The messages shall include transaction 
　　serial number, the transferor bank, the securities account number of the 
　　transferor, the account name of the transferor, personal ID number (profit-
　　seeking enterprise uniform number) of the transferor, centralized 
　　depository account number of the transferor, the securities code, the 
　　amount of the securities, the exchange price, the securities code of the 
　　underlying stocks, the number of stocks exchanged, and the amount payable 
　　for odd stocks.
(5) Bond stripping or bond reconstitution: The messages shall include 
　　transaction code, transferor bank, securities account number of the 
　　transferor, profit seeking enterprise uniform number of the transferor, 
　　centralized depository account number of the transferor, the security code, 
　　the amount of the securities, and attached coupon series；Bond stripping 
　　shall also include other relevant information such as the interest income 
　　accrued before stripping and the amount of tax withheld.

45.
Each day at the close of operations, a clearing bank shall print a “Trading of 
CGS” (Form 24), a “Trust of CGS”(Form 24-1), a “Balance of CGS” (Form 25), a 
“Daily Statement for the Exchange of Exchangeable Bonds” (Form 26), a  “Daily 
Statement for Redemption at Holders’ (issuer’s) Option of Exchangeable Bonds” 
(Form 27), and a “Holding Analysis of Exchangeable Bonds” (Form 28), and a“ 
Daily Statement for Bond Stripping/Reconstitution” (Form 29) to be sent to the 
Bank for its files; the Bank will compile and print an “Aggregate    Statement of 
Trading of CGS” (Form 30), an “Aggregate Statement ” for Trust of CGS”(Form 30-
1), an “Aggregate Statement for Balance of CGS”(Form 31), an “Aggregate 
Statement for Exchange of Exchangeable Bonds” (Form 32), an Aggregate Statement 
for the Redemption at Holder’s (Issuer’s) Option of Exchangeable Bonds” (Form 
33), a “Aggregate Holding Analysis of Exchangeable Bonds ”(Form 34), and an 
“Aggregate Daily Statement for Bond Stripping/ Reconstitution” (Form 35).