1.Whenever a financial institution changes its interest rates on any of the
various types of New Taiwan dollar deposits or loans posted in accordance
with the Directions for Displaying Interest Rate by Financial Institutions,
the financial institution shall, prior to such rate changes taking effect,
report to the Central Bank of the Republic of China (Taiwan)(hereafter as
"the Bank") by the following means:
(1) Banks, Chunghwa Post Co., Ltd. and credit cooperatives shall utilize the
Bank's "Financial Institutions Interest Rate Information Reporting System"
to submit the report.
(2) The credit departments of farmers' or fishermen's associations shall report
such changes to the Agricultural Bank of Taiwan, which shall then compile
the reports for submission to the Bank.
If a financial institution is unable to submit its report according to
Subparagraph 1, of the previous Paragraph, it shall submit its report via
electronic mail or facsimile in the format set forth by the Bank.