Regulatory Alerts1999-09-09
Added · Updated
Directions for the Conversion of Physical Central Government Bonds to Book-Entry Central Government Bonds
The Central Bank of the Republic of China (Taiwan) mandates that approved bank branches administer the conversion of physical central government bonds into book-entry bonds upon application by holders. Applicants must submit Form 1 with endorsed certificates and matching signature seals, after which bank branches verify the documents and submit data to the Central Bank for immediate conversion. The rules specify detailed reporting obligations for bank branches, head offices, and the Treasury Department, including the use of specific forms for daily, monthly, and semi-annual records. Additionally, the directions outline procedures for handling system failures and require the cancellation of physical certificates following successful book-entry registration.
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