Regulatory Alerts2001-08-01
Added · Updated
Directions for the Sale and Buyback of Treasury Bills
The Central Bank of China prescribes that treasury bill sales use single interest rate bidding with a NT$5 million minimum competitive bid and a NT$1 million incremental unit, while buybacks require bids from bills finance companies with a NT$1 million minimum. Bidders must submit sealed forms on prescribed templates, and failure to pay for purchased bills or return bought-back bills within the specified dates results in a three-year ban from future bidding. The Ministry of Finance publicly announces offering specifics, and the Central Bank conducts auctions and announces awards.
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