TAI DCC Bills Clearing and Settlement


On Aug. 7, TAI DCC issued reminder re bill settlement operations.


  • TAI DCC reminded clearing firms to carefully handle bills settlement operations, to ensure smooth operation, enhance efficiency of bills clearing and settlement system.
  • Reminder
  • Due to recent issues, including delays caused by natural disasters, companies should assess necessary resources for handling such situations, incorporate these into plans.
  • Advised to include section in contingency plan re drill record form for appointment of business supervisor as emergency contact, to enhance awareness and preparedness.
  • Effectiveness
  • Clearing firms are required to document these efforts and submit by end of Nov. 2024.

Regulators TAI DCC
Entity Types B/D; Depo
Reference RF DCC No. 1130018560, 8/7/2024
Functions BCS; Compliance; Financial; Operations; Risk; Settlement
Countries Taiwan
Category
State
Products Clearing; Custody; Securities
Regions AP
Rule Type Final
Rule Date 8/7/2024
Effective Date 11/30/2024
Rule Id 222232
Linked to N/A
Reg. Last Update 8/7/2024
Report Section International

Last substantive update on 08/11/2024