Regulatory Alerts2004-03-29
Added · Updated
Directions for Bidding Certificates of Deposit Issued by the Central Bank of China
The Central Bank of China mandates that bidding for its certificates of deposit be conducted via the Online Operation System, with eligible bidders limited to banks, investment trust companies, bills finance companies, Chunghwa Post Co., Ltd., and other approved financial institutions. Bids must be in multiples of NT$5 million, with each bidder restricted to a maximum of five bids and a total award not exceeding 20% of the available issuance amount. The document specifies that certificates are denominated in NT$5 million, NT$10 million, and NT$100 million, with principal and interest paid in a single lump sum upon maturity, and requires winning bidders to transfer funds to the Department of Banking's account by the designated issue date.
More like this from CBC
We email you every new CBC publication the day it's published.