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Laws and Regulations Database of the Central Bank of the Republic of China-Article Content

Title:Directions for Open Market Operations by the Central Bank of the Republic of China (Taiwan) Open new window for Chinese

Announced Date:December 15, 2010

Date:October 28, 2015

[Law Basis] [Print]

IV.  Outright Purchases of Bonds (Bills)

〈Methods for outright purchases of bonds (bills) and applicable provisions〉
22. Outright purchases of bonds (bills) will be carried out by application. 
  The provisions in Direction 14, Paragraph 1 of Direction 15, Subparagraph 1 
  of Paragraph 1 and Paragraph 2 of Direction 16, Directions 17 and 19 herein
  shall apply mutatis mutandis to counterparties, eligible bonds (bills), 
  methods, application operation and result notification of outright purchases
  of bonds (bills).

〈DVP settlement and payment upon maturity of outright purchases〉
23. The provisions in Subparagraphs 1 and 3 of Direction 20 herein shall apply
  mutatis mutandis to DVP settlement of outright purchases of bonds (bills).
  The issuer or its designated paying agent shall remit the amount payable 
  for bonds (bills) purchased outright by the Bank into the Bank’s designated
  account on the maturity date of such bonds (bills).
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