Regulations Governing the Dedicated Deposit Account of Specialized Electronic Payment Institutions Article 26

A specialized electronic payment institution may instruct its managing bank to make payment via intrabank or interbank account transfer through the managed account, or by transferring funds from the managed account into a cooperative account or clearing account.A specialized electronic payment institution may instruct its cooperative bank to make payment via intrabank account transfer through the cooperative account, or by transferring funds from the cooperative account into the managed account or clearing account. A specialized electronic payment institution that places the funds received from users in a trust according to Paragraph 1, Article 21 of the Act must also meet the following regulations:1. The managing bank shall enter into an agreement with the cooperative banks to agree on the rights, obligations and responsibilities of the parties.2. The managing bank may inquire the operations of the business with the specialized electronic payment institution at any time.3. The specialized electronic payment institution must provide related information or statements to the managing bank for account reconciliation for the funds received from users.A specialized electronic payment institution may instruct the managing bank to transfer funds in the clearing account that exceeds the amount calculated by the proportion agreed with the managing bank under Paragraph 1, Article 20 into the managed account or cooperative account.