Regulations Governing Approval and Administration of Short-term Bills Clearing and Depository Organizations Article 3

The participants specified in these Regulations refer to bills houses, clearing and settlement banks, and other institutions authorized by the competent authority that open custodian and transfer accounts or issuance and registration accounts in the short-term bills clearing and depository organization.The clearing and settlement banks specified in the preceding paragraph refer to banks commissionedby investors for the clearing and settlement of short-term bills.