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

Chapter 1　　General Provisions

Article 1
　These regulations are prescribed pursuant to Paragraph 2, Article 35 of
The Central Bank of the Republic of China（Taiwan） Act.

Article 2
　The provisions of these Regulations shall govern the foreign exchange
business of banking enterprises. Matters not provided herein shall be
subject to provisions under other relevant laws and regulations.

Article 3
　The term "banking enterprises" as used in these Regulations shall mean
banks, credit cooperatives, credit departments of farmers' associations,
credit departments of fishermen's associations, and the Chunghwa Post
Co., Ltd.

Article 4

　 The term " foreign exchange business" as used in these Regulations
comprises the following items:

　1.Foreign exchange business export related;

　2.Foreign exchange business import related;

　3.Inward and outward remittances;

　4.Foreign currency deposits;

　5.Foreign currency loans;

　6.Foreign currency payment guarantees;

　7.Foreign exchange derivatives business; and

　8.Other foreign exchange businesses.

　The term "foreign exchange derivatives business" as used in these
Regulations shall mean dealing, brokerage and agent activities of contracts
involving foreign exchange, and whose values are derived from assets, interest 
rates, exchange rates, commodities, stock prices, indices, or other related 
products.

　The term "contracts " as used in the preceding paragraph shall mean margin 
contracts, futures, forward contracts, swaps, options, or other contracts of 
a similar nature.

Article 5
　Unless otherwise provided by other laws or the competent authorities, banking 
enterprises shall maintain the confidentiality of information concerning their 
customers' deposits, loans, and remittances.