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

III.　　Issuance of certificates of deposit and purchase bills via the Bank''s open

10. When an online unit participates in the Bank’s open market operations, 
　　information on the amount of CDs it subscribes, the amount of outright 
　　purchase or repo transaction of bonds (bills) it applies to undertake, 
　　and its bid prices should be transmitted in the form of a digital envelope
　　automatically encrypted via the Bank's public key existed in the System and
　　bear a digital signature signed with the unit business executive's private
　　key.
　　When the information in the foregoing paragraph is transmitted back by this
　　System, it signifies that the online unit has completed the subscription of
　　CDs, application for undertaking outright purchase or repo transaction of 
　　bonds (bills), or the bidding procedure. If the online unit deletes the 
　　original information, it shall transmit the deletion information before the 
　　cutoff time. If the online unit needs to alter the original information, it 
　　shall transmit the deletion information and then transmit the modified 
　　information. Bidding information may not be withdrawn, deleted, or altered 
　　once it has been   transmitted.
　　After an online unit has transmitted information as in the above two paragraphs,
　　it must immediately ascertain the reason if no response is received, and should
　　contact the Bank and take appropriate measures.

11. With respect to the information transmitted by an online unit on the amount
　　of CDs it purchased, the amount of outright purchase or repo transaction of
　　bonds (bills) it applies to undertake, or its bid prices mentioned in the 
　　first paragraph of the preceding Direction, the online unit may not raise an 
　　objection to the Bank on the grounds that its system is not independent, 
　　dispatched personnel have not been authorized, personnel have been changed, 
　　passwords have been fraudulently or illicitly used, or cite other causes.

12.Online operation of this system shall be handle during times announced by the
　 Bank. The operation transmission cutoff time shall be based on the Bank's
　 central processing unit time. Any transmissions sent after the cutoff time
　 will not be accepted.