Act Governing Issuance of Electronic Stored Value Cards Article 20

(Bank Guarantee of Performance)"Full guarantee from a bank" referred to in Article 18 herein means that the issuer shall enter a full performance guarantee agreement with a bank where the bank assumes the guarantee responsibility for the balance of funds stored by cardholders in the electronic stored value cards.An issuer shall complete the contract renewal or enter a new contract according to Article 18 herein at least one month before the expiration of the trust contract or the guarantee agreement.An issuer that fails to conform to the preceding paragraph is not allowed to issue new cards or accept more stored amount from the cardholders.