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

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.