Settlement process - Taiwan

19.09.2014

Settlement cycles

TDCC-eligible international bonds (Foreign Currency Denominated Bonds):      T+3

Settlement flow

Pre-matching applies but is not binding.

Cash settlement

Trades in Taiwanese international bonds are settled on a free of payment (FOP) basis; there is no cash settlement in the market.

Any cash settlement between counterparties must be arranged separately and handled outside the market settlement mechanism.