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Taipei Exchange

   Education Seminars in H2 2021 will change to webinar and be broadcasted live.       The trading of shares, warrants and convertible bonds linked to TPEx listed company PChome online, Code 8044, will be resumed starting from Sep 22, 2021.       TPEx “ETN Reward Program” Kicks off       TPEx “Bond ETF Reward Program” Kicks off   
Securities firms reward program (until 2021/12/31) Bond ETFs Investors Reward Program (2021 H2) (until 2021/12/31) ETN Investors Reward Program (2021 H2) (until 2021/12/31) 2021 Education Saminars (until 2021/11/18)
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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.