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

20.
Bidding in book-entry bond auctions is restricted to central government bond dealers only
(hereinafter referred to as “bond dealers”); natural persons and other juristic persons 
shall submit bids through bond dealers under bond dealers’ names. 
Bidding in book-entry treasury bill auctions is restricted to banks, Chunghwa Post Co., Ltd.,
bills finance companies, securities firms, and insurance enterprises only; natural persons 
and other juristic persons shall submit bids through bills houses under bills houses’ names.

28.
Qualified central government bond traders or securities dealers may apply to strip strippable
bonds (hereinafter referred to as “bond stripping”) or to reconstitute stripped bonds 
(hereinafter referred to as “bond reconstitution”).
Clearing bank bond stripping or bond reconstitution shall be performed as follows:	
(1) Bond stripping: The applicant shall fill out an “Application for Stripping Form” 
　　(Form 18) and submit it to the clearing bank. The clearing bank shall strip, in
　　accordance with the application form, the interest-bearing government bonds into 
　　coupon STRIPS and principal STRIPS and transmit the message to TDCC, which shall 
　　transfer coupon STRIPS and principal STRIPS into the applicant’s centralized 
　　depository securities account. The clearing bank shall print the passbook and issue 
　　a“Certificate of Stripping”(Form 18-1) to the applicant.
(2) Bond reconstitution: The Applicant applying for reconstitution of principal STRIPS 
　　and coupon STRIPS into interest-bearing government bonds shall comply with the relevant
　　regulations of TDCC, through which messages are transmitted to the TDCC correspondent
　　clearing bank and reconstituted bonds are transferred to the securities account of
　　the applicant. The applicant may update the passbook at the clearing bank.

40.
Bidding in book-entry bond buybacks is restricted to bond dealers only; natural 
persons or other juristic persons shall submit bids through bond dealers under the 
bond dealers’ names.
Bidding in book-entry treasury bill buybacks is restricted to banks, Chunghwa Post 
Co.,Ltd., bills finance companies, securities firms, and insurance enterprises only
; natural persons or other juristic persons shall submit bids through bills houses
under the bills houses’ names.