Introduction
  • Products:
    • Bond Forward
    • Bond Option)
    • Interest Rate Swap (IRS)
    • Forward Rate Agreement (FRA)
  • Basic Contact Terms
    • Bond Forward
      1. Underlying Bonds:1+ Years Taiwan Government Bonds
      2. Tenor:1、2、3 and 4 weeks
      3. Standard Amount:NTD 50 million
      4. Quote:Yield Rate
      5. Settlement Method:Bond / Cash
    • Bond Option
      1. Underlying Bonds:1+ Years Taiwan Government Bonds
      2. Tenor:1、2、3 and 4 weeks
      3. Option Type:European
      4. Standard Amount:NTD 100 million
      5. Quote:Yield Rate
      6. Settlement Method:Bond / Cash
    • IRS
      1. Notional Amount:NTD 300 million & 500 million
      2. Tenor:1, 2, 3, 4, 5, 7, 10, 15 & 20 Years
      3. Effective Date:T+2 (Taipei)
      4. Calculation Period:3 Months (Taipei)
      5. Payment Date:End Day of Calculation Period
      6. Reset Date:2 Days Before the First Day of Calculation Period
      7. Day Count Fraction:Actual / 365
      8. Business Day Convention: Modified Following Business Day
    • FRA
      1. Notional Amount:NTD 1 billion
      2. Calculation Period:3 Months
      3. Type:1×4、2×5、3×6、6×9 & 9×12
      4. Effective Date:T+2
      5. Reset Date:2 Business Days Before Payment Date
      6. Day Count Fraction:Actual / 365
      7. Business Day Convention:Modified Following Business Day
  • Trading Session
    • Bond Forward、Bond Option:09:00~13:30。
    • IRS、FRA:09:00~16:00。
  • Uses
    • Dealers:Certificated financial institutions.
    • Non-Dealers:Only limited to complete trades with dealers.
  • Counterparties list management
    Counterparties who can only offer quotes to each other while they have signed the ISDA master agreement. Users can also set up quoting groups and a non-quoting list to manage the quoting process.
  • Trading Methods
    • Offer quotes on the system
    • Accept quotes on the system
    • Ask inquiries to specific counterparties
  • Credit Line Management
    • The system will check the credit line of both sides before a deal is done.
    • Trading manager can assign the limit amount to different user/trader which is calculated by the notional amount of the contracts.