Regulations Governing the Business of Negotiable Instruments Exchange and Clearance of Accounts among Banks Article 9

A clearing entity engaged as an agent for the clearing of negotiable instruments shall assume on behalf of the representedentity all liability with respect to clearing.
中文原文 票據交換及銀行間劃撥結算業務管理辦法第9條
代理票據交換之交換單位,應代負被代理單位有關交換上之一切責任。

English translation for reference only; the Chinese text prevails. Not legal advice.