TDCC
LEI 5493002M0I148C9XLF52, SWIFT TDCCTWT1

As the merger of two organizations (TSCD & DIDC), it is now recognized as the Taiwan Depository & Clearing Corporation (TDCC). Original TSCD (Taiwan Securities Central Depository Co., Ltd.) was established in October 1989 in accordance with the Securities and Exchange Act. Major operations of TSCD included: 1.) to provide book-entry of securities transactions; 2.) clearing and settlement of securities traded on TSEC and GTSM exchange; 3.) clearing and settlement for both cash and securities among Emerging Stocks; 4) computer process handling for the clearing of futures market; 5.) registration of securities issuing in dematerialized form; 6.) computer process of book-entry for participants. Entrusted by Securities and Futures Bureau, Financial Supervisory Commission (FSC), TSCD also conducts the auditing of shareholders affairs for issuing companies. In order to promote dematerialization and a central clearing-settlement system for short-term bills, DIDC (Debt Instruments Depository and Clearing Co., Ltd. Taiwan) started the preparatory operation since April 2004. It has introduced not only a central depository service but also a Delivery Versus Payment (DVP) mechanism by linking the Inter-bank Fund Transfer System of the Central Bank of China. The Debt Instruments Depository and Clearing System was set up to improve the efficiency and security of bills back-office operation and furthermore to develop a safe and sound money market.