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  1. The consignor shall designate at the time the consignment order is placed the settlement foreign currency which shall be identical with the denomination of the traded securities.
  2. Where the settlement money and overseas fees for consignors trading foreign securities are to be received/paid in a foreign currency, such money shall be deposited/withdrawn from the foreign (remittance) deposit account at the designated bank which the consignor has opened in accordance with the instructions of the securities firm.
  3. After the consignor has concluded the purchase of foreign securities, he shall transfer the monetary amount (foreign currency) shown on the purchase report into the dedicated settlement account of the securities firm before the settlement date.
  4. After the consignor has concluded the sale of foreign securities, on the settlement date, the securities firm shall transfer the monetary amount (foreign currency) the consignor is to receive from the sale as shown on the sales report into the foreign currency deposit account the consignor has opened at the bank designated by the securities firm.
  5. Where a single account conducts both sales and purchase of foreign securities on the same day, in accordance with the directions of the consignor, the amount receivable (payable) for the same foreign currency may be offset against each other, and the net amount to be received (paid) shall be transferred to the account.
  6. Where the consignor instructs that the settlement money and overseas fees are to be received/paid in a foreign currency, the foreign exchange procedures shall be privately processed by the consignor.
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  1. The consignor with respect to the securities firm:
    1. The consignor shall designate at the time the consignment order is placed that the settlement currency shall be New Taiwan Dollars.
    2. Where the settlement money and overseas fees for consignors trading foreign securities are to be received/paid in New Taiwan Dollars, such money shall be deposited/withdrawn from the New Taiwan Dollars deposit account at the designated financial institution which the consignor has opened in accordance with the instructions of the securities firm.
    3. After the consignor has concluded the purchase of foreign securities, he shall transfer the monetary amount (New Taiwan Dollars) shown on the purchase report into the dedicated settlement account of the securities firm before the settlement date.
    4. After the consignor has concluded the sale of foreign securities, on the settlement date, the securities firm shall transfer the monetary amount (New Taiwan Dollars) the consignor is to receive from the sale as shown on the sales report into the New Taiwan Dollars deposit account the consignor has opened at the financial institution designated by the securities firm.
    5. Where a single account conducts both sales and purchase of foreign securities on the same day, in accordance with the directions of the consignor, the amount receivable (payable) for the same currency may be offset against each other, and the net amount to be received (paid) shall be transferred to the account.
    6. Where the consignor instructs that the settlement money and overseas fees are to be received/paid in New Taiwan Dollars, the calculation of the exchange rate shall be privately negotiated between the securities firm and the consignor.
    7. Where the consignor instructs that the settlement money and overseas fees are to be received/paid in New Taiwan Dollars, in regards to the foreign exchange procedure, the consignor shall complete the foreign exchange power of attorney and authorize the securities firm to process such procedures.
  2. The securities firm with respect to the designated bank.
    1. Where the securities firm consigned to trade foreign securities has been authorized by the consignor to proceed with foreign exchange procedures on behalf of the consignor, on the settlement date, it shall collect the foreign exchange money of the consignors, and in accordance with the location of payment and the nature of the foreign currency, receive/pay the net monetary sum, and in the name of the securities firm process foreign exchange remittance at the designated bank on a day-by-day basis.
    2. In addition to completing the documents required by the "Reporting Procedures for Foreign Exchange Receipt/Payments and Trades", securities firms processing the above referred foreign exchange remittance shall attach the following documents:
      1. The foreign exchange power of attorney executed by the consignor.
      2. The daily foreign exchange report statement of the securities firm accepting the consignment to trade in foreign securities (categorized in accordance with the location of payment and the nature of the foreign currency) - specifying the case number, consignor's account number and name, uniform number of the individual, company, business entity or organization, or foreign resident certificate number, date of birth (holders of foreign resident certificate should additionally indicate the date of issuance, and date of expiration), amount of foreign currency purchased (sold), nature of the remitted money, etc.
    3. The inquiry by the securities firm regarding the permitted cap value of foreign exchange of the consignor shall be made through the online computer of the Central Bank of China; upon making the trade of a consigned foreign securities, the securities firm shall input into the computer the amount of foreign exchange used by each respective consignor in his/her purchase or sale of foreign securities.
    4. The permissible amount of foreign exchange for a consignor shall be determined in accordance with the amount specified by the Central Bank of China under the "Reporting Procedures for Foreign Exchange Receipt/Payments and Trades." However, in case the consignor follows the provisions of this Procedure and settles the purchase of securities using New Taiwan Dollars, and then subsequently settles the sale of such securities using New Taiwan Dollars in accordance of this Procedure, he shall be exempt from the limitation imposed under the "Reporting Procedures for Foreign Exchange Receipt/Payments and Trades." The above referred portion of foreign exchange need not be inputted into the computer by the securities firm, but a note shall be included in the foreign exchange report of the date on which the foreign exchange was completed specifying the original date of purchase.
    5. The outward remittance of the self-owned assets and profits of a securities firm shall be processed in accordance with relevant provisions of Statute Governing Foreign Exchange Control.
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