Regulations Governing the Dedicated Deposit Account of Specialized Electronic Payment Institutions Article 19

A specialized electronic payment institution shall deposit funds received/paid as an agent that are recorded daily in users' e-payment accounts into the dedicated deposit account no later than the next banking day. However, but it does not apply when the funds received/paid as an agent via e-payment accounts or stored value cards through the use of credit cards.The daily balance of funds received/paid by a specialized electronic payment institution as an agent and deposited with a managing bank shall not be less than 50% of the total balance of funds received/paid as an agent in all dedicated deposit accounts in the previous banking day; if there is any shortfall, the specialized electronic payment institution shall make up the shortfall on the same day.The balance of deposits in clearing accounts and inter-bank business fund accounts deposited in by a specialized electronic payment institution shall be integrated into the calculation of the balance of funds received/paid as an agent in the managed account specified in the preceding paragraph.Where the specialized electronic payment institutions place the funds received from users in a trust according to Paragraph 1, Article 21 of the Act, and enter into an agreement with the managing bank regarding the proportion of the funds received/paid on behalf of the electronic payment institutions to be deposited into the managed account and cooperative account, Paragraph 2 does not be applicable.