Title：Directions for Reporting Interest Rate Information by Financial Institutions Inactive Regulations
Announced Date：October 21, 1994
Date：June 11, 2010
1. Whenever a financial institution plans to change New Taiwan dollar deposit interest rates, base lending rate , the benchmark lending rate of the index housing loan, the revolving credit card interest rate, cash card interest rate and other pricing benchmarks for lending rates that must be posted in accordance with the regulations of the Central Bank of the Republic of China (Taiwan)(hereafter as"the Bank"), it shall, prior to such rate changes take effect, report to the Bank the particulars of the rate changes by the following means:
(1)Financial institutions that are linked with the Bank's "Computer Communication's Service System" shall submit reports online in accordance with the provisions contained in the Department of Information Management of the Bank's" Communication Standards and Operations Handbook" .
(2)Financial institutions that are not linked with the Bank's " Computer Information Service System" shall utilize the "Table for changes in Posted Interest Rate of Financial Institutions" (see attachment) and submit their reports via telephone facsimile.
(3)Credit Cooperatives and the credit departments of Farmers' or Fishermen's associations shall first report interest rate changes to the Taiwan Cooperative Bank Co., Ltd. and the Agricultural Bank of Taiwan Co., Ltd. respectively. Taiwan Cooperative Bank Co., Ltd. and the Agricultural Bank of Taiwan Co., Ltd. will then compile the reports for submission to the Bank.
2. The time for financial institutions to electronically file [online] interest rate information with the Bank shall be from 8:30 a.m. to 6:30 p.m., from Monday through Friday, and from 8:30 a.m. to 1:30 p.m. on Saturday.
3. The interest rate information reported by financial institutions will be posted on the Bank's website for searching and downloading by the public.