|
Taiwan Depository and Clearing Corporation (TDCC) was formed from the merger between Taiwan Securities Central Depository Co., Ltd. (TSCD) and Debt Instruments Depository and Clearing Co., Ltd. Taiwan (DIDC), the previous CSDs operating in Taiwan, effective from 27 March 2006.
TDCC is the sole central securities depositories in the Taiwan market, which provides depository and settlement services for equities, fixed income securities and other securities traded on the TWSE and GraTai Securities Market, which it holds mostly in immobilized form. TDCC also provides the clearing and settlement for securities registered in the Emerging Markets. Other value-added services include pledge and maturity payment of short-term bills, payment processing of offshore fund transactions, proxy audit, and information disclosure and exchange services.
TDCC aims to achieve higher customer satisfaction and market efficiency. To realize this, TDCC continues to deliver new and better services. The T+2 DVP settlement system has successfully been implemented in February 2009, in order to response to our customers’ voices for an international settlement standard. The progressive project of e-Voting platform for shareholders’ meetings is expected to strengthen corporate governance in local market. Looking ahead, TDCC is planning out more international business and global cooperation.
|
