Rules Governing the Business of Electronic Stored Value Card Issuers Article 13

Where an issuer acquires full performance guarantee from a bank in accordance with Article 9 herein and Article 18 of the Act, the bank that signs the performance guarantee agreement with the issuer shall meet the criteria specified in Subparagraph 2 of the foregoing Article.The amount collected by an issuer that acquires full performance guarantee from a bank as mentioned in the preceding paragraph shall be used only in 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. Other manners as approved by the Competent Authority.The bank deposits, bank debentures and negotiable certificates of deposit shall meet the specific conditions set forth in Subparagraph 2 of the foregoing Article.