Rules Governing the Business of Electronic Stored Value Card Issuers Article 12

The trust declared by issuers in accordance with Article 9 herein and Article 18 of the Act shall be handled according to the following rules:1. Where the balance of the trust property as regularly settled by the trust enterprises does not reach the level required of the issuer to declare trust, the issuer shall, as notified by the trust enterprise, deposit the shortfall in cash into the trust account.2. The trust enterprise shall comply with the specific conditions when making use of the trust property to make bank deposits, purchase bank debentures or purchase negotiable certificates of deposit. Such bank holding the deposit, or issuing the debenture and negotiable certificates of deposit shall meet the following criteria:(1) The ratio of regulatory capital and risk weighted assets as filed with the competent authority in the last quarter shall comply with Article 5 of the Regulations Governing the Capital Adequacy and Capital Category of Banks.(2) The average non-performing loans ratio of the last three months is lower than 2 per cent.(3) There is no consecutive accumulated deficit in the last two years based on CPA audit.