Directions for Reporting Interest Rate Information by Financial Institutions

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Title：

Directions for Reporting Interest Rate Information by Financial Institutions

Inactive Regulations

Announced Date： October 21, 1994

Amended Date： April 09, 1997

[Print]

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1.

1. When changes in posted New Taiwan dollar deposit interest rates, the prime lending rate or the revolving credit card interest rate, financial institutions shall, prior to the rate changes taking effect, report to the Central Bank of China (hereafter referred to as "the Bank") the particulars of the rate changes by the following means:

(1)Those financial institutions that are linked with the ank's "Computer Communication Services System" shall utilize the online operating system and submit reports in accordance with the provisions contained in the Information Management Office of the Bank's" Communication Standards and Operations Handbook."

(2)Those financial institutions that are not linked with the Bank's " Computer Information Services System" shall utilize the "Table for changes in Posted Interest Rate of Financial Institutions" (see attachment) and submit their reports via telephone facsimile.

(3)Grassroots financial institutions shall first report [interest rate fluctuations] to the Taiwan Cooperative Bank, which shall compile the reports for submission to the Bank.

2.

2. 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., from Monday through Friday, and from 8:30 a.m. to 1:30 p.m. on Saturday.

3.

3. The time for the Bank to transmit interest rate information to media organizations through Taipei Negotiable Instruments Clearinghouse shall be from 8:30 a.m. to 5 p.m., from Monday through Friday, and from 8:30 a.m. to 12 p.m. on Saturday.