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

1.These Directions are established to facilitate the reporting of rivateenterprises'
　medium- and long-term external debts statistics for compilation of the Balance of
　Payments by the Central Bank of the Republic of China（Taiwan） (hereinafter 
　referred to as "the Bank").

2.Private enterprises may simplify their foreign exchange settlement procedures in
　accordance with these Directions when reporting medium- and long-term external
　debts.

3.The term "medium- and long-term external debts of private enterprises" shall refer
　to the following foreign currency debts with maturity over one year of private
　enterprises that are duly established and registered within the territory of the
　Republic of China:
　(1) Borrowings from foreign financial institutions (excluding the offshore banking
　　　units inside the Republic of China)；
　(2) Buyer's credit；
　(3) Loans from parent companies abroad；
　(4) Corporate bonds issued abroad；and
　(5) Other foreign currency debts.

4.Private enterprises shall, within 15 days after signing a contract for obtaining
　foreign currency debts specified in Direction 3, fill out the "Top Form" of the
　Statement of Medium- and Long-Term External Debts by Private Enterprises, and
　submit it together with relevant documents to the Department of Foreign Exchange
　of the Bank (hereinafter referred to as "the Department") to declare the contract
　value and receive a debt serial number. For subsequent inward remittances of
　disbursements of fund and outward remittances of repayments of principal and
　interest payments, the enterprises shall indicate the debt serial number on
　"Declaration Statement of Foreign Exchange Receipts and Disbursements or
　Transactions" if the transaction involves the New Taiwan dollar. (A sample
　Statement of Medium- and Long-Term External Debts by Private Enterprises is
　attached.)
　Private enterprises that have declared the contract value according to the
　provisions in the preceding Paragraph and have disbursed principal shall, before
　the 10th day of the month following the end of each quarter, fill out the "Bottom
　Form"of the "Statement ofMediumand Long-Term External Debts by Private Enterprises
　" and submit it to the Department to report the outstanding balance of its
　mediumand long-term external debts.

5.When filling out "Statement of Medium- and Long-Term External Debts, Private
　Enterprises",private enterprises shall separate the creditors into different
　categories in accordance with Direction 3.

6.The medium- and long-term external debts shall be declared according to the actual
　currency of the fund obtained.

7.If a private enterprise has received the Department's special permission to
　acquire funds from foreign financial institutions and convert the funds into New
　Taiwan dollars for medium- and long-term investment in Taiwan, the amount of
　foreign exchange purchased and sold in connection with the principal and for the
　repayment of principal and payments of interest shall not be counted toward the
　enterprise's annual foreign exchange aggregate settlement amount. The authorized
　bank may proceed with the exchange settlement on the basis of the "Schedule of
　Drawing and Repayment of Medium- and Long-Term Loans from Overseas Financial
　Institutions by Private Enterprises" that bears the seal of the Department.

8.The amount of foreign exchange purchased and sold by a private enterprise in
　connection with the acquisition of funds and repayment of principal and payments
　of interest shall be in all cases first counted toward the enterprise's annual
　foreign exchange settlement aggregate amount when the enterprise has acquired
　medium and long-term funds from foreign sources and has reported the funds
　pursuant to the provisions herein. The enterprise is not required to apply for
　permission from the Department, however, for the purchase of foreign exchange for
　repayment of principal and payments of interest after its quota has been used up.
　In that case the authorized bank shall proceed with the settlement on the basis
　of the "Statement of Medium- and Long-Term External Debts by Private Enterprises"
　that bears the seal of the Department.
　Attachment: Statement of Medium- and Long-Term External Debts by Private
　Enterprises