Instruction specifications - CreationOnline - Taiwan

23.01.2015

In the following tables, M=Mandatory; O=Optional.

Receive Free
MTrade Date
ODeal Price
MPlace of SettlementBIC
PartyTDCCTWTPXXX - TDCC
MDelivering AgentBIC b
Partycounterparty's BIC b
MAccountcounterparty’s account at the TDCC
MSellerBIC b
Partyordering party's BIC b
MAccountordering party's account
MSettlement Processing Narrative3810/customer's residency status a

Deliver Free
MTrade Date
ODeal Price
MPlace of SettlementBIC
PartyTDCCTWTPXXX - TDCC
MReceiving AgentBIC b
Partycounterparty's BIC b
MAccountcounterparty's account at the TDCC
MBuyerBIC b
Partybeneficiary's BIC b
MAccountbeneficiary's account
MSettlement Processing Narrative3810/customer's residency status a

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a. 3810 is CBL’s Participant ID at TDCC. The residency status of the customer (which is required for CBL to perform the obligatory monthly reporting to the TDCC) must be specified as follows:

  • "‘Foreign" if the customer is a non-Taiwanese resident; or
  • "Taiwanese" if the customer is a Taiwanese resident.

b. If no BIC exists for Delivering/Receiving Agent  or for Seller/Buyer, the Name and Address option can be used instead in each case. If the appropriate BIC does exist but is not provided, STP cannot be guaranteed and there is a risk of incurring eventual charges.