Regulations Governing Foreign Exchange Business of Banking Enterprises Article 40

(Foreign currency trust business)When an authorized bank concurrently conducting the trust business engages in the businesses provided in Article 17 and Article 17-1 herein, the authorized bank shall abide by the following provisions, unless it is otherwise stipulated or approved by the Bank:1.The delivery and return of trust assets and the receipts and payments of other related funds shall be made in foreign currency or foreign currency denominated property.2.The receipts and payments of trustee related funds shall be effected through a foreign currency trust asset account opened by the trustee at an authorized bank.3.The utilization of trust assets shall comply with the provisions set forth by the competent authority and be limited to foreign currency denominated products, and in addition, shall not involve or be linked to NTD interest rate or exchange rate index.4.Reports shall be submitted in accordance with the Bank-prescribed format.