Regulations Governing Approval and Administration of Financial Information Service Enterprises Engaging in Inter-Financial Institution Funds Transfer and Settlement Article 2

The term "financial information service enterprise engaging in inter-financial institution funds transfer and settlement" referred to in these Regulations (hereafter referred to as "interbank financial information network enterprise") shall mean an inter-bank financial information network operator that provides a value-added network for real-time settlement of interbank transactions between financial institutions.The term "settlement" referred to in these Regulations shall mean the procedures of crediting and debiting the designated accounts of participants according to the payment instructions of financial institutions and the netting of receivables and payables between financial institutions to discharge the payment obligation of paying bank.
中文原文 金融機構間資金移轉帳務清算之金融資訊服務事業許可及管理辦法第2條
本辦法稱金融機構間資金移轉帳務清算之金融資訊服務事業(以下簡稱跨行金融資訊網路事業),係指提供金融機構間即時性跨行金融業務帳務清算加值網路之跨行金融資訊網路事業。
本辦法稱清算,指依據金融機構間支付指令暨結計金融機構間應收、應付金額,並於各參加機構指定帳戶予以貸、借記,以解除付款行支付義務之程序。

English translation for reference only; the Chinese text prevails. Not legal advice.