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Laws and Regulations Database of the Central Bank of the Republic of China-Law Basis

(Exchange of Negotiable Instruments and Clearance of Accounts among Banks)

The Bank shall establish clearing houses for negotiable instruments exchange and clearance of accounts among banks at the sites of Head Office or branch offices. The Bank may delegate government-owned banks to carry out this function in places where the Bank has no branch office. Regulations governing the business of negotiable instruments exchange and clearance of accounts among banks shall be prescribed by the Bank.

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