2015-11-25
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These Directions establish the regulatory framework for the management, registration, and settlement of book-entry central government securities in Taiwan. They define key terms, specify the roles of the Central Bank, the Department of the Treasury, and clearing banks, and set operational requirements for the Central Government Securities Settlement System. The document mandates specific financial thresholds for clearing bank appointments, outlines procedures for account opening and transfers, and sets strict deadlines for auction bidding and settlement.
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