On Oct. 15, TAI EXC expanded cross-sector credit information sharing.
TAI EXC amended Rules Governing Exchanges of Negative Credit Data on Credit Extension Businesses by Financial Institutions through Joint Credit Information Center and Securities Firms through Taiwan Stock Exchange Corporation.
Amendments
The amendments expand information sharing between securities firms and financial institutions beyond negative credit records to include credit limits, outstanding balances, and overdue amounts.
Added data items in the annexes, including the total number of financial institutions with which business is conducted, the total credit limit, and the amounts categorized by the purpose of the credit.
Additionally, included notations for negative credit information, as well as the total outstanding balance for margin short selling and securities lending.
Also added data fields covering the total number of securities firms with which the client has a business relationship, total credit limit granted, and outstanding balances and amounts related to defaults or violations for each type of credit-based business.
