Act Governing Issuance of Electronic Stored Value Cards Article 19
(Declaration of Trust)"Declare trust" referred to in the preceding paragraph means the issuer entering a trust agreement with a trust enterprise and depositing the funds the cardholders store in the electronic stored value cards each day into a trust account under the trust agreement on the next business day.The funds declared trust may not be drawn unless for the following purposes:1. To pay for the products or services provided by the contracted merchants, government fees or other fees approved by the Competent Authority.2. To reimburse the balance in an electronic stored value card upon the request of the cardholder.3. To make use of the trust property.4. To dispense interest or other income earned from the trust property to the issuer. When a contracted merchant makes payment request, an issuer shall, based on the settlement results, instruct the trust enterprise to pay the contracted merchant without the act of stalling or deception.A trust enterprise may make use of the trust property only in any of the following manners:1. Deposit it in banks.2. Purchase government bonds or bank debentures.3. Purchase treasury bills or negotiable certificates of deposit.4. Purchase other financial products approved by the Competent Authority.A trust enterprise shall dispense the interest or other income earned from the trust property, less costs, necessary expenses and loss, to the issuer in the year of income occurred according to the trust agreement.The mandatory and prohibitory provisions to be included in the trust agreement shall be prescribed by the Competent Authority.The claims of the cardholders arising from the electronic stored value cards they hold over the trust property deposited with a trust enterprise shall have precedence over the claims of other creditors of the issuer and the right to compensation of the issuer's shareholders.
中文原文 電子票證發行管理條例第19條
前條所稱交付信託，係指發行機構應與信託業者簽訂信託契約，並將每日持卡人儲存於電子票證之款項於次營業日內存入信託契約所約定之信託專戶。
交付信託之款項，除下列方式外，不得動用：
一、支付特約機構提供之商品或服務對價、政府部門各種款項及其他經主管機關核准之款項。
二、持卡人要求返還電子票證之餘額。
三、信託財產之運用。
四、運用信託財產所生之孳息或其他收益分配予發行機構。
發行機構就特約機構之請款，應依結算結果，指示信託業者撥付予特約機構，不得有拖延或虛偽之行為。
信託業者對於信託財產之運用，應以下列各款方式為限：
一、銀行存款。
二、購買政府債券或金融債券。
三、購買國庫券或銀行可轉讓定期存單。
四、購買經主管機關核准之其他金融商品。
信託業者運用信託財產所生之孳息或其他收益，應於所得發生年度，減除成本、必要費用及耗損後，依信託契約之約定，分配予發行機構。
信託契約之應記載及不得記載事項，由主管機關定之。
持卡人對於存放於信託業者之信託財產，就因電子票證所產生債權，有優先於發行機構之其他債權人及股東受償之權利。
交付信託之款項，除下列方式外，不得動用：
一、支付特約機構提供之商品或服務對價、政府部門各種款項及其他經主管機關核准之款項。
二、持卡人要求返還電子票證之餘額。
三、信託財產之運用。
四、運用信託財產所生之孳息或其他收益分配予發行機構。
發行機構就特約機構之請款，應依結算結果，指示信託業者撥付予特約機構，不得有拖延或虛偽之行為。
信託業者對於信託財產之運用，應以下列各款方式為限：
一、銀行存款。
二、購買政府債券或金融債券。
三、購買國庫券或銀行可轉讓定期存單。
四、購買經主管機關核准之其他金融商品。
信託業者運用信託財產所生之孳息或其他收益，應於所得發生年度，減除成本、必要費用及耗損後，依信託契約之約定，分配予發行機構。
信託契約之應記載及不得記載事項，由主管機關定之。
持卡人對於存放於信託業者之信託財產，就因電子票證所產生債權，有優先於發行機構之其他債權人及股東受償之權利。