Taiwan is to set up a Central Depository Company for bills and financial debentures in September this year. The new CSD, which will be capitalised at NTD 2 billion (US$ 57 million), will be owned by bill houses, custodians, clearing banks and the Financial Information Services Company Ltd. It will enable transactions in bills and financial debentures to be settled by electronic book entry. Section: Fund Admin
Taiwan To Establish CSD For Bills And Bonds
Taiwan is to set up a Central Depository Company for bills and financial debentures in September this year. The new CSD, which will be capitalised at NTD 2 billion (US$ 57 million), will be owned by bill houses, custodians, clearing