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

Ⅵ.　　Handling of Breakdowns

57.Where there is a breakdown or interruption to connections in the Bank's
　 central server system resulting in the inability to carry out online
　 procedures, the Bank may, after the restoration of service, consider 
　 extending the normal period of operations in view of the length of the 
　 interruption and business conditions.

58.If the computer equipment of an online institution breaks down or connections are 
　 interrupted, the user shall notify the Department of Information Management of the Bank and 
　 work out a solution together. The online institution may   not immediately resume use of the 
　 CBC Interbank Funds Transfer System for    transfers of funds, but shall dispatch personnel 
　 to the Bank to carry out transfers in person.

59.When a breakdown of the CBC Interbank Funds Transfer System or an error by 
　 operation personnel results in interbank fund transfers at variance with the
　 original receipts, the Bank will effect correction in accordance with the 
　 relevant accounting regulations. The Bank shall not be liable for any resulting
　 influence on or adjustment of deposit reserves.

60.When an interbank fund transfer initiated by a transferor bank is at variance
　 with the original receipts, the transferor bank shall notify and make 
　 arrangements with the transferee bank to make correction by a reverse transfer
　 or to make adjustments through other means. The transferee bank shall act in 
　 good faith to resolve the situation on the day it receives the notification.

61.Where a transferor bank fails to discover a transaction error as set forth in
　 Direction 60 on the date of the transaction and correction is made at a later 
　 date, and where delay is disadvantageous to the transferee bank, it may request
　 the transferor bank to pay interest from the date of the transaction until the
　 date of correction for the amount receivable pending payment during that time
　 or for any underpayment. The transferor bank shall not be liable for any other
　 damages.
　 The payment of interest as per the preceding Paragraph, except as stipulated by
　 a previous agreement between the parties to a transfer, shall be calculated at
　 the weighted average of the interbank call loan rate for the number of days the
　 payment was delayed.