Regulatory Alerts1997-04-09
Added · Updated
Directions for Reporting Interest Rate Information by Financial Institutions
Financial institutions must report changes in posted New Taiwan dollar deposit interest rates, prime lending rates, or revolving credit card interest rates to the Central Bank of China before the changes take effect. Institutions linked to the Bank's Computer Communication Services System must submit reports via its online operating system, while unlinked institutions must use a specific table submitted via telephone facsimile. Grassroots financial institutions are required to report interest rate fluctuations to the Taiwan Cooperative Bank, which compiles and submits these reports to the Bank. Electronic filing by financial institutions is permitted from 8:30 a.m. to 6:30 p.m. Monday through Friday and 8:30 a.m. to 1:30 p.m. on Saturday.
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