Laws and Regulations Database of the Central Bank of the Republic of China

Title:

Announced Date:January 29, 2003

Date:Amended on June 29, 2021(Effective from July 1, 2021)

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.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.
3. When a private enterprise obtains foreign currency debts specified in the 
  preceding Direction, the enterprise shall, after signing a contract or the 
  foreign currency fund has been remitted in, prepare relevant documents 
  required by the Bank’s Department of Foreign Exchange (hereinafter referred 
  to as the "Department"), and fill out the "Top Form" of the "Statement of 
  Medium- and Long-Term External Debts by Private Enterprises", and submit those 
  documents to 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, the enterprises shall, 
  before the 10th day of the month following the end of each quarter, fill out 
  the "Bottom Form" of the "Statement of Medium- and Long-Term External Debts 
  by Private Enterprises" and submit it to the Department to report the 
  outstanding balance of its medium- and long-term external debts (see sample 
  of the Statement in attachment).
  Where the documents submitted by a private enterprise under the preceding 
  paragraph are incomplete, the Department will notify the enterprise to 
  provide supplementary information or make corrections within a given period 
  of time, and return the documents to the enterprise should the enterprise 
  fail to do so before the specified deadline.
4.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 Point 2.
5.The medium- and long-term external debts shall be declared according to the 
 actual currency of the fund obtained.