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

Chapter 2:　　Online Network Operation

4.Government bond dealers and parties bidding for treasury bills who apply to use
　the EBS ("System Participants") shall do so by filling out an "Application For
　Use of the EBS For Central Government Bonds and Treasury Bills" (Form 1) for
　submission to the Department of the Treasury, Central Bank of the Republic of 
　China (Taiwan)("the Department of the Treasury"), and accordingly, the Department
　of the Treasury will issue an identification code and initial entry key.
　When making an application according to the preceding paragraph, the central
　government bond dealer shall submit an "Authorization Seal Specimen Exclusively
　Used for Bidding for Government Bonds".

5.After the completion of the online connection, application for certification and
　card activation, the System Participant shall fill out a "Certification
　Information Sheet of the System Participant of the Electronic Bidding System for
　Central Government Bonds and Treasury Bills" (Form 2) and submit such form to
　the Department of the Treasury. The Department of the Treasury shall notify the
　System Participant after the completion of the online connection test has been
　confirmed.

6.When the System Participant submits the application to revoke, suspend (re-
　activate) the certification or report the loss of certification, or the
　Certification Authority revokes or suspends the certification at its own
　discretion, the System Participant shall submit a new "Certification
　Information Sheet of the System Participant of the Electronic Bidding System
　for Central Government Bonds and Treasury Bills" to the Department of the
　Treasury to update the certification information.

7.When there is a change in authorized supervisors or contact persons of a System
　Participant, the System Participant shall submit a "List of Changes of the
　Authorized Supervisors/ Contact Persons of the System Participant for Electronic
　Online Bidding for Central Government Bonds and Treasury Bills" (Form 3) for
　filing by theDepartment of the Treasury, and the System Participant shall by
　itself transfer the identification code and entrance key issued by the Department
　of the Treasury.

8.All System Participants shall establish rigorous security procedures, keeping
　proper custody of the certificate and using them in accordance with the relevant
　regulations; System Participants themselves shall be responsible for any loss
　resulting from negligence in custodial or operational procedures.

9.A System Participant shall pay attention to valid date of the certificate, and
　prior to the auction date, shall ascertain the status of the certificate, and
　test EBS connections in order to ensure the validity of their bid.