Regulatory Alerts2004-11-19
Added · Updated
Directions for the Extension of Special Loans and Special Credit Guarantees for Traditional Industries by Financial Institutions
The document establishes a NT$1,850 billion fund for special loans to traditional industries, comprising NT$150 billion from government sources and NT$1,700 billion from lending financial institutions. It sets a four-year processing period from October 20, 2000, to October 19, 2005, with a lending rate pegged to the Directorate General of Postal Remittances and Savings banks' interest rate plus 1.15% to 1.65%. Maximum loan limits are capped at NT$20 million for revolving loans and NT$60 million for capital expense loans per enterprise, with credit guarantee ratios not exceeding 80 percent. The text also exempts financial institutions and staff from administrative liability for losses not caused by deliberate acts, gross negligence, or legal violations.
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