Regulations Governing Foreign Exchange Business of Banking Enterprises Article 12
(Application for Foreign Exchange Derivatives Business)An authorized bank that has been approved by the Bank to engage in foreign exchange derivatives business may offer the following foreign exchange derivatives without application:1.Foreign exchange forward (excluding New Taiwan dollar (NTD) non-deliverable forward).2.Foreign exchange swap.3.Combinations of foreign exchange derivatives not involving NTD exchange rate that the authorized bank may engage in according to rules and that are linked to the underlying asset with the same risk and combined through the same transaction contract, but excluding complex high-risk products involving foreign exchange that are offered to customers other than professional institutional investors and high net worth corporate investors.4.Foreign exchange derivatives transactions not involving NTD exchange rate between domestic authorized banks and between a domestic authorized bank and a foreign bank.5.Domestic and foreign futures contracts not involving NTD exchange rate traded by a futures trader.An authorized bank that has been approved by the Bank to engage in foreign exchange derivatives business shall apply to the Bank for approval or report to the Bank for record based on the following criteria if it intends to offer the following foreign exchange derivative products:1.Application for approval before commencing:(1)Foreign exchange derivatives not yet approved by the Bank or have been approved for less than six months, and foreign exchange derivatives linked thereof.(2)NTD non-deliverable foreign exchange forwards.(3)Foreign derivatives involving NTD exchange rate.(4)Discretionary foreign currency margin trading.2.Reporting for record before commencing: The service of recommending those foreign exchange derivative products by the designated branch of an authorized bank under the authorization of its head office.3.Reporting for record after commencing:(1)Foreign exchange derivative products approved by the Bank for over six months and not involving NTD exchange rate.(2)Foreign exchange derivative products offered to professional institutional investors and high net worth corporate investors without involving NTD exchange rate and not yet approved by the Bank or approved for less than six months, which comply with the relevant rules of the competent authority.(3)Information and consulting services on offshore financial derivatives under the approval of the competent authority. The underlying asset shall not involve domestic interest rates, exchange rates, equities, indices, commodities, credit events, fixed-income or other interests.Where a professional institutional investor accepts trading orders, signs a trust agreement, discretionary services agreement, investment-linked insurance contract or offers privately placed fund, and carries out transactions provided in Items 2 and 3, Subparagraph 3 of the preceding paragraph in its name, the trustors/mandatories, policyholders or subscribers shall also be a professional institutional investor or high net worth corporate investor.
中文原文 銀行業辦理外匯業務管理辦法第12條
指定銀行經本行許可辦理外匯衍生性商品業務後，得不經申請逕行辦理下列外匯衍生性商品：
一、遠期外匯交易（不含無本金交割新臺幣遠期外匯交易）。
二、換匯交易。
三、依規定已得辦理未涉及新臺幣匯率之外匯衍生性商品，連結同一風險標的，透過相同交易契約之再行組合，但不含對專業機構投資人及高淨值投資法人以外之客戶辦理涉及外匯之複雜性高風險商品。
四、國內指定銀行間及其與國外銀行間辦理未涉及新臺幣匯率之外匯衍生性商品。
五、以期貨交易人身分辦理未涉及新臺幣匯率之國內外期貨交易契約。
指定銀行經本行許可辦理外匯衍生性商品業務後，辦理下列外匯衍生性商品，應依下列類別，向本行申請許可或函報備查：
一、開辦前申請許可類：
（一）尚未開放或開放未滿半年及與其連結之外匯衍生性商品。
（二）無本金交割新臺幣遠期外匯交易。
（三）涉及新臺幣匯率之外匯衍生性商品。
（四）代客操作外幣保證金交易。
二、開辦前函報備查類：指定銀行總行授權其指定分行辦理推介外匯衍生性商品。
三、開辦後函報備查類：
（一）開放已滿半年且未涉及新臺幣匯率之外匯衍生性商品。
（二）對專業機構投資人及高淨值投資法人辦理尚未開放或開放未滿半年，且未涉及新臺幣匯率之外匯衍生性商品，並符合其主管機關相關規定。
（三）經主管機關核准辦理提供境外衍生性金融商品之資訊及諮詢服務，其連結標的不得涉及國內利率、匯率、股權、指數、商品、信用事件、固定收益或其他利益。
如因經營受託買賣、簽訂信託契約、全權委託契約、投資型保單或私募基金等，並以專業機構投資人名義進行前項第三款第二目及第三目交易者，其委託人、要保人或應募人亦應為專業機構投資人或高淨值投資法人。
一、遠期外匯交易（不含無本金交割新臺幣遠期外匯交易）。
二、換匯交易。
三、依規定已得辦理未涉及新臺幣匯率之外匯衍生性商品，連結同一風險標的，透過相同交易契約之再行組合，但不含對專業機構投資人及高淨值投資法人以外之客戶辦理涉及外匯之複雜性高風險商品。
四、國內指定銀行間及其與國外銀行間辦理未涉及新臺幣匯率之外匯衍生性商品。
五、以期貨交易人身分辦理未涉及新臺幣匯率之國內外期貨交易契約。
指定銀行經本行許可辦理外匯衍生性商品業務後，辦理下列外匯衍生性商品，應依下列類別，向本行申請許可或函報備查：
一、開辦前申請許可類：
（一）尚未開放或開放未滿半年及與其連結之外匯衍生性商品。
（二）無本金交割新臺幣遠期外匯交易。
（三）涉及新臺幣匯率之外匯衍生性商品。
（四）代客操作外幣保證金交易。
二、開辦前函報備查類：指定銀行總行授權其指定分行辦理推介外匯衍生性商品。
三、開辦後函報備查類：
（一）開放已滿半年且未涉及新臺幣匯率之外匯衍生性商品。
（二）對專業機構投資人及高淨值投資法人辦理尚未開放或開放未滿半年，且未涉及新臺幣匯率之外匯衍生性商品，並符合其主管機關相關規定。
（三）經主管機關核准辦理提供境外衍生性金融商品之資訊及諮詢服務，其連結標的不得涉及國內利率、匯率、股權、指數、商品、信用事件、固定收益或其他利益。
如因經營受託買賣、簽訂信託契約、全權委託契約、投資型保單或私募基金等，並以專業機構投資人名義進行前項第三款第二目及第三目交易者，其委託人、要保人或應募人亦應為專業機構投資人或高淨值投資法人。