Regulatory Alerts2002-07-08
Added · Updated
Directions for the Central Bank of the Republic of China (Taiwan) Accommodations to Banks Inactive Regulations
The document establishes operational rules for the Central Bank of the Republic of China (Taiwan) regarding rediscounts and various accommodations provided to banks holding deposit reserve accounts. It sets specific limits on bill rediscount terms, such as 90 days for industrial and commercial bills and 180 days for agricultural bills, and defines short-term accommodation terms not to exceed ten days. The regulations impose a monthly cap of ten percent on collateral-free accommodations relative to required reserves, with excess amounts subject to a 1.2 times interest rate penalty, and apply similar interest rate adjustments for consecutive monthly usage. These provisions extend mutatis mutandis to trust and investment companies.
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