1.
1.
These Directions are specially prescribed by the Central Bank of the Republic of
China (Taiwan) (“hereinafter called the Bank") for the purposes of managing the
sales and buybacks of central government bonds.
Except where otherwise provided by laws, central government bonds shall be sold
by means of auctions, placements, or consigned sales, and bought back by means of
competitive bidding. Auctions and buybacks shall be conducted electronically on-
line; the directions for electronic bidding procedures will be adopted separately.
