Regulations Governing Securities Firms Accepting Orders to Trade Foreign Securities Article 21
A securities firm that operates the business of brokered trades of foreign securities shall establish an account for their settlement with its correspondent bank.With the consent of the principal, a securities firm may keep settlement money for purchase orders and from sale orders that the principal has designated be made in a foreign currency, or receivables yielded by foreign securities held by the principal, in a segregated foreign currency account opened with the securities firm's correspondent designated foreign exchange bank in the Republic of China (hereinafter "customer foreign currency account").The required qualifications, operational procedures, and related controls for a securities firm conducting the matters under the preceding paragraph will be prescribed by the FSC in consultation with the Central Bank.When a securities firm accepts orders to trade foreign securities, the settlement of the principal's money/securities and the receipt/payment of fees, if not done through a customer foreign currency account, may be conducted in New Taiwan Dollars or in a foreign currency agreed upon by the securities firm and the principal; further, deposit/withdrawal of the money shall be conducted through a New Taiwan Dollar account or a foreign currency deposit account opened by the principal at a designated foreign exchange bank designated by the securities firm or through a direct remittance of foreign currency to a local financial institution designated by the securities firm in the home country of the given securities market.The procedures for conducting the settlement money remittance referred to in the preceding paragraph, where the principal designates New Taiwan Dollars or foreign currency, are as follows:1. At the time of the transaction, the principal shall designate either New Taiwan Dollars or a foreign currency as the currency for conducting the settlement, provided that a foreign currency shall be designated as the currency for conducting the settlement if the principal is a foreign natural person, a foreign juristic person, or a government fund established with the approval of the government of the Republic of China, a securities investment trust fund, assets in a special ledger account for investment-linked insurance, or a discretionary investment account.2. After buying foreign securities, the principal shall transfer the agreed upon amount, according to the purchase transaction report, into the securities firm's settlement amount before the settlement date.3. After the principal sells the foreign securities, the securities firm shall transfer the agreed upon amount, according to the sales transaction report, into a New Taiwan Dollar deposit account opened by the principal at a financial institution designated by the securities firm or into the principal's foreign currency savings account at a designated foreign exchange bank designated by the securities firm. This restriction, however, shall not apply if the laws or regulations of the local market provide otherwise.4. When there are amounts receivable or payable because the principal, using the same account on the same day, has both buying and selling foreign securities transactions, or first sells foreign securities and then, prior to the settlement date, buys foreign securities, the securities firm may, according to the principal's instruction, combine and set off all the received (paid) money in the same currency and then transfer the net received (paid) amount into the account.5. Where the principal has designated that foreign currency shall be used in settlement of the settlement money and overseas fees, the receipt/payment shall be carried out in a foreign currency, and may not be carried out in New Taiwan Dollars. Any required foreign exchange settlement shall be carried out by the principal with a designated foreign exchange bank or with the same securities firm that handles spot foreign exchange trading business, in accordance with the Regulations for Receipt/Payment of Foreign Exchange or Report of Foreign Exchange Transactions, and may use the foreign currency that the principal holds outside of the Republic of China for direct remittance to the financial institution designated by the securities firms at the location of the various securities exchange markets. Where the principal remits foreign currency that the principal holds outside of the Republic of China directly to the financial institution designated by the securities firms at the location of the various securities exchange markets, and there are therefore amounts payable (including settlement money, distributable dividends, interest, funds for mandatory repurchase, and the processing fees refunded for an account change) to a principal by the securities firm, the securities firm may also remit the given amount into the principal's own designated account.6. Where the principal has designated that settlement payments and foreign fees are to be paid in New Taiwan Dollars, remittance shall be carried out in New Taiwan Dollars, and may not be carried out in a foreign currency. Matters involving exchange settlement shall be carried out by the securities firm with a designated foreign exchange bank or with the same securities firm that handles spot foreign exchange trading business, in accordance with the Regulations for Receipt/Payment of Foreign Exchange or Report of Foreign Exchange Transactions, and relevant regulations.7. When the principal designates that payment/receipt of settlement payments and foreign fees is to be done in New Taiwan Dollars, calculation of exchange rates shall be negotiated between the principal and the securities firm on the basis of prevailing market rates.If funds and fees that are designated by a principal to be settled in foreign currency are received and paid through a customer foreign currency account, the settlement and remittance procedures shall be handled in accordance with the following provisions:1. After a principal's order to buy foreign securities is executed, the principal may settle the purchase with foreign currency, or with foreign currency converted from New Taiwan Dollars through a designated foreign exchange bank or the same securities firm that handles spot foreign exchange trading business in accordance with the Regulations Governing the Declaration of Foreign Exchange Receipts and Disbursements or Transactions, that is on deposit in the customer foreign currency account. Settlement money and foreign fees shall be paid in foreign currency, and may not be paid in New Taiwan Dollars.2. When a principal buys foreign securities, the amount payable according to the purchase transaction report shall be paid with the principal's funds on deposit in the customer foreign currency account.3. When a principal sells foreign securities, the securities firm shall deposit the amount receivable according to the sales transaction report in the customer foreign currency account.4. When there are amounts receivable or payable because the principal, using the same account on the same day, has both buying and selling foreign securities transactions, or first sells foreign securities and then, prior to the settlement date, buys foreign securities, the securities firm may, according to the principal's instructions, combine and set off all the received (paid) money in the same currency and then transfer the net received (paid) amount into the account.5. Funds retained on deposit in the customer foreign currency account may, in accordance with the customer's instructions, be transferred to the customer's personal bank deposit account that is agreed upon in advance between the securities firm and the customer, to a settlement account for securities brokerage trading established by the securities firm under Article 38 of the Regulations Governing Securities Firms, or to the customer's personal ledger of a custodial account established under Article 22-4, paragraph 1, subparagraph 5 of the Offshore Banking Act. If the funds must be converted into New Taiwan Dollars, the principal shall make the conversion through a designated foreign exchange bank or the same securities firm that handles spot foreign exchange trading business in accordance with the Regulations Governing the Declaration of Foreign Exchange Receipts and Disbursements or Transactions.If a securities firm transfers a net received (paid) amount in accordance with subparagraph 4 of paragraph 5 or subparagraph 4 of the preceding paragraph, it shall additionally file foreign exchange receipt, disbursement, or transaction statistical information in accordance with Central Bank regulations.
中文原文 證券商受託買賣外國有價證券管理規則第21條
證券商辦理受託買賣外國有價證券業務，應於其往來銀行開設交割專戶。
證券商得經委託人同意將其委託指定以外幣買進、賣出之交割款項，或持有外國有價證券所生之應收款項留存於證券商於國內往來之外匯指定銀行開立之外幣專戶（以下簡稱客戶外幣專戶）。
前項證券商應具備之資格條件、作業程序及相關控管等事項，由本會洽商中央銀行定之。
證券商受託買賣外國有價證券，與委託人交割款項及費用之收付未透過客戶外幣專戶者，得以新臺幣或證券商與委託人雙方合意指定之外幣為之；並以委託人在證券商所指定金融機構開立之新臺幣或委託人在證券商所指定之外匯指定銀行開立之外匯存款帳戶存撥之或由委託人直接將外幣匯至證券商於各證券交易市場所在地指定之金融機構辦理。
依前項規定由委託人指定以新臺幣或外幣交割者，其交割結匯事項應依下列程序辦理：
一、委託人應於委託買賣時指定交割幣別為新臺幣或外幣。
惟委託對象為國外自然人、國外法人或經中華民國政府核准設立之政府基金、證券投資信託基金、投資型保險專設帳簿資產及全權委託投資帳戶者，其交割幣別應以外幣為之。
二、委託人買進外國有價證券成交後，應依照買進報告書所載應付金額，於交割日前將款項劃撥至證券商之交割專戶。
三、委託人賣出外國有價證券成交後，證券商應按賣出報告書所載委託人應收金額，於交割日將款項撥入委託人在證券商所指定金融機構開立之新臺幣存款帳戶或存入委託人在證券商所指定之外匯指定銀行開立之外匯存款帳戶。
但當地市場法令另有規定者，不在此限。
四、委託人同一帳戶同日買進賣出或先行賣出並於交割日前買進外國有價證券所產生之收付款項，證券商得依委託人之指定，將同一幣別之應收（付）金額合併沖抵後，以應收（付）淨額存撥之。
五、交割款項及國外費用經委託人指定以外幣交割者，相關款項之收付，應以外幣為之，不得以新臺幣支付。
如須辦理結匯，應由委託人依外匯收支或交易申報辦法之規定，向外匯指定銀行或辦理即期外匯交易業務之同一證券商辦理結匯，並得由委託人以其在國外持有之外匯，直接匯至證券商於各證券交易市場所在地指定之金融機構辦理。
若委託人以其在國外持有之外匯，直接匯至證券商於各證券交易巿場所在地指定之金融機構者，證券商對委託人因而產生應付款項（包括交割款項、應配股息、利息、強制買回款、改帳退回手續費等）時，證券商亦得將該款項匯入委託人指定之本人帳戶。
六、交割款項及國外費用經委託人指定以新臺幣交割者，相關款項之收付，應以新臺幣為之，不得以外幣支付。
其涉及結匯事項，應由證券商依外匯收支或交易申報辦法及其相關規定向外匯指定銀行或辦理即期外匯交易業務之同一證券商辦理結匯。
七、交割款項及國外費用經委託人指定以新臺幣收付者，其匯率之計算由證券商與委託人依市場水準議定之。
委託人指定以外幣交割之款項及費用，透過客戶外幣專戶收付者，其交割結匯事項應依下列規定辦理：
一、委託人委託買進外國有價證券成交後，得以外幣或依外匯收支或交易申報辦法之規定向外匯指定銀行或辦理即期外匯交易業務之同一證券商以新臺幣結購為外幣留存於客戶外幣專戶，交割款項及國外費用應以外幣為之，不得以新臺幣支付。
二、委託人買進外國有價證券，應依照買進報告書所載應付金額，由委託人留存於客戶外幣專戶之款項支付之。
三、委託人賣出外國有價證券，證券商應按賣出報告書所載委託人應收金額，留存於客戶外幣專戶。
四、委託人同一帳戶同日買進賣出或先行賣出並於交割日前買進外國有價證券所產生之收付款項，證券商得依委託人之指定，將同一幣別之應收（付）金額合併沖抵後，以應收（付）淨額存撥之。
五、留存於客戶外幣專戶之款項，得依客戶指示撥入證券商與客戶事先約定之客戶本人銀行存款帳戶、證券商依證券商管理規則第三十八條規定設置之受託買賣有價證券交割專戶或依國際金融業務條例第二十二條之四第一項第五款規定設置帳戶保管專戶之客戶本人分戶帳。
如需辦理結售，應由委託人依外匯收支或交易申報辦法之規定，向外匯指定銀行或辦理即期外匯交易業務之同一證券商辦理。
證券商依第五項第四款及前項第四款規定以應收（付）淨額存撥者，應另依中央銀行規定辦理外匯收支或交易統計資料之申報。
證券商得經委託人同意將其委託指定以外幣買進、賣出之交割款項，或持有外國有價證券所生之應收款項留存於證券商於國內往來之外匯指定銀行開立之外幣專戶（以下簡稱客戶外幣專戶）。
前項證券商應具備之資格條件、作業程序及相關控管等事項，由本會洽商中央銀行定之。
證券商受託買賣外國有價證券，與委託人交割款項及費用之收付未透過客戶外幣專戶者，得以新臺幣或證券商與委託人雙方合意指定之外幣為之；並以委託人在證券商所指定金融機構開立之新臺幣或委託人在證券商所指定之外匯指定銀行開立之外匯存款帳戶存撥之或由委託人直接將外幣匯至證券商於各證券交易市場所在地指定之金融機構辦理。
依前項規定由委託人指定以新臺幣或外幣交割者，其交割結匯事項應依下列程序辦理：
一、委託人應於委託買賣時指定交割幣別為新臺幣或外幣。
惟委託對象為國外自然人、國外法人或經中華民國政府核准設立之政府基金、證券投資信託基金、投資型保險專設帳簿資產及全權委託投資帳戶者，其交割幣別應以外幣為之。
二、委託人買進外國有價證券成交後，應依照買進報告書所載應付金額，於交割日前將款項劃撥至證券商之交割專戶。
三、委託人賣出外國有價證券成交後，證券商應按賣出報告書所載委託人應收金額，於交割日將款項撥入委託人在證券商所指定金融機構開立之新臺幣存款帳戶或存入委託人在證券商所指定之外匯指定銀行開立之外匯存款帳戶。
但當地市場法令另有規定者，不在此限。
四、委託人同一帳戶同日買進賣出或先行賣出並於交割日前買進外國有價證券所產生之收付款項，證券商得依委託人之指定，將同一幣別之應收（付）金額合併沖抵後，以應收（付）淨額存撥之。
五、交割款項及國外費用經委託人指定以外幣交割者，相關款項之收付，應以外幣為之，不得以新臺幣支付。
如須辦理結匯，應由委託人依外匯收支或交易申報辦法之規定，向外匯指定銀行或辦理即期外匯交易業務之同一證券商辦理結匯，並得由委託人以其在國外持有之外匯，直接匯至證券商於各證券交易市場所在地指定之金融機構辦理。
若委託人以其在國外持有之外匯，直接匯至證券商於各證券交易巿場所在地指定之金融機構者，證券商對委託人因而產生應付款項（包括交割款項、應配股息、利息、強制買回款、改帳退回手續費等）時，證券商亦得將該款項匯入委託人指定之本人帳戶。
六、交割款項及國外費用經委託人指定以新臺幣交割者，相關款項之收付，應以新臺幣為之，不得以外幣支付。
其涉及結匯事項，應由證券商依外匯收支或交易申報辦法及其相關規定向外匯指定銀行或辦理即期外匯交易業務之同一證券商辦理結匯。
七、交割款項及國外費用經委託人指定以新臺幣收付者，其匯率之計算由證券商與委託人依市場水準議定之。
委託人指定以外幣交割之款項及費用，透過客戶外幣專戶收付者，其交割結匯事項應依下列規定辦理：
一、委託人委託買進外國有價證券成交後，得以外幣或依外匯收支或交易申報辦法之規定向外匯指定銀行或辦理即期外匯交易業務之同一證券商以新臺幣結購為外幣留存於客戶外幣專戶，交割款項及國外費用應以外幣為之，不得以新臺幣支付。
二、委託人買進外國有價證券，應依照買進報告書所載應付金額，由委託人留存於客戶外幣專戶之款項支付之。
三、委託人賣出外國有價證券，證券商應按賣出報告書所載委託人應收金額，留存於客戶外幣專戶。
四、委託人同一帳戶同日買進賣出或先行賣出並於交割日前買進外國有價證券所產生之收付款項，證券商得依委託人之指定，將同一幣別之應收（付）金額合併沖抵後，以應收（付）淨額存撥之。
五、留存於客戶外幣專戶之款項，得依客戶指示撥入證券商與客戶事先約定之客戶本人銀行存款帳戶、證券商依證券商管理規則第三十八條規定設置之受託買賣有價證券交割專戶或依國際金融業務條例第二十二條之四第一項第五款規定設置帳戶保管專戶之客戶本人分戶帳。
如需辦理結售，應由委託人依外匯收支或交易申報辦法之規定，向外匯指定銀行或辦理即期外匯交易業務之同一證券商辦理。
證券商依第五項第四款及前項第四款規定以應收（付）淨額存撥者，應另依中央銀行規定辦理外匯收支或交易統計資料之申報。