Directions for Reporting Interest Rate Information by Financial Institutions

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[Related Regulations]

Title：

Directions for Reporting Interest Rate Information by Financial Institutions

Announced Date： October 21, 1994

Amended Date： Amended on October 8, 2020

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[Authorized Circulars]

2. Whenever a financial institution changes its interest rates on any of the various types of New Taiwan dollar deposits or loans posted in accordance with the Directions for Displaying Interest Rate by Financial Institutions, the financial institution shall, prior to such rate changes taking effect, report to the Central Bank of the Republic of China (Taiwan)(hereafter as "the Bank") by the following means:

(1) Banks, Chunghwa Post Co., Ltd. and credit cooperatives shall utilize the Bank's "Financial Institutions Interest Rate Information Reporting System" to submit the report.

(2) The credit departments of farmers' or fishermen's associations shall report such changes to the Agricultural Bank of Taiwan, which shall then compile the reports for submission to the Bank.

If a financial institution is unable to submit its report according to Subparagraph 1, of the previous paragraph, it shall submit its report via electronic mail or facsimile in the format set forth by the Bank.

3. The time for financial institutions to electronically file [online] interest rate information with the Bank shall be from 8:30 a.m. to 6:30 p.m. on the Bank's business days.

5. The interest rate information reported by financial institutions shall be disclosed by the Bank on the Bank's website for the public to search and download.