Regulatory Alerts2019-02-01
Regulations Governing the Business of Negotiable Instruments Exchange and Clearance of Accounts among Banks
The Central Bank of the Republic of China issued these regulations to govern the business of negotiable instruments exchange and account clearance among banks. Originally announced on December 29, 1980, the rules were last amended on February 1, 2019, to ensure standardized operational procedures within the banking sector. These provisions establish the legal framework for financial institutions to conduct secure and efficient interbank transactions and settlements.
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