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2004-05-12

Added 2026-06-20 · Updated 2026-08-21

Directions for Issuance of Certificates of Deposit by the Central Bank of China

The Central Bank of China restricts the issuance and holding of its certificates of deposit to banks, investment trust companies, bills finance companies, Chunghwa Post Co., Ltd., and other approved financial institutions. These registered, book-entry instruments are issued at par with denominations of NT$5 million, NT$10 million, NT$50 million, and NT$100 million, carrying a maximum maturity of three years. Interest rates are determined by winning bids in competitive tenders or set by the Bank in non-competitive offerings, with principal and interest paid in a single payment upon maturity. Financial institutions may use these certificates as collateral for short-term accommodations or intraday overdrafts with the Bank's consent, and non-negotiable certificates require Bank approval for transfer.

Taiwan

Central Bank of the Republic of China

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Title：

Directions for Issuance of Certificates of Deposit by the Central Bank of China

Inactive Regulations

Announced Date： August 21, 1972

Amended Date： May 12, 2004

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These Directions are prescribed pursuant to Article 27 of the Central Bank of China Act.
The Central Bank of China ("the Bank") certificates of deposit shall be issued and held only by banks, investment trust companies, bills finance companies, Chunghwa Post Co., Ltd., and other financial institutions as approved by the Bank.
The Bank's certificates of deposit shall be registered, and issued in book- entry form.
The Bank's certificates of deposit shall be in the denominations of NT$5 million, NT$10 million, NT$50 million and NT$100 million.
The Bank's certificates of deposit shall be issued at Par. Principal and interest shall be paid in a single payment upon maturity.
The Bank's certificates of deposit shall have a maximum maturity of three years, and may be negotiable. Any certificates of deposit issued in non- negotiable form shall not be transferred without the Bank's consent.
The Bank's certificates of depositmay be issued by competitive or noncompetitive bidding.

The interest rates on certificates of deposit issued by competitive bidding may be set in accordance with the winning bids, while the interest rates on non-competitive bidding certificates of deposit shall be set by the Bank.

Directions to governing the sale of certificates of deposit by tender shall be prescribed separately.

Financial institutions shall, with the Bank's consent, provide the Bank's certificates of deposit as collateral in applying to the Bank for shortterm accommodations or intraday overdrafts.
The Bank's negotiable certificates of deposit shall not be transfered until account transfer procedures have been completed at the Bank's Banking Department.