Creation Link Guide - Taiwan


Key features

Settlement free of paymentYes 
Settlement against paymentNo 
Bridge settlementNo 
Shaping facilityNo 
Partial settlementNoExcept when the local CSD imposes the partial delivery of securities.
Settlement penalty feesNo 
Pre-matchingYesOnly for matched trades, subject to availability of a trade execution report from the broker.
Back-to-back processingNo 
Automatic compensationNo 
Registered securitiesYesRegistration takes place automatically upon settlement.
Multi Market SecuritiesNo 
Lending and borrowingNo 
Proxy votingNoThere is typically no meeting set up for the international bonds. Only on very rare occasions will there be a meeting.
Investment FundsNo 
Liquidity Hub ConnectNo 
Sale and purchase of rightsNo 
Repo servicesNo 
Market restrictionsNo 
FATCA GIINYesY0M5J7.00000.BR.158
Type of linkCSD or settlement method
Direct link with TDCC; account operated by Deutsche Bank AG, Taipei BranchTaiwan Depository & Clearing Corporation (TDCC). Clearstream has a participant ID and account at TDCC. Positions held in TDCC are under the name of CBL.