Gretai Securities Market

www.gretai.org.tw 
Tel : 886 2 2366 6040
Fax : 886 2 2369 5517

 

Representatives

Chairman : Mr. Sou-Shan Wu

President : Mr. Chi-Hsien Lee

 

 

Types of Securities Traded

Name of Trading Systems

(cash and derivatives)

Trading Hours

Stocks

FAST (Fully Automated Securities Trading System)

Mon. – Fri.

9:00 – 13:30

Warrants

ETFs

Beneficiary Certificates

Depository Receipts

Auto-Matching System

Mon. – Fri.

9:00 – 13:30

Emerging Stocks

Emerging Stocks Negotiation System

Mon. – Fri.

9:00 – 15:00

Government Bonds

Electronic Bond Trading System (EBTS)

Mon. – Fri.

9:00 – 13:30

 

 

 

 

 

 

 

 

 

 

 

Supervisory Body

Financial Supervisory Commission (FSC) – Securities and Futures Bureau (SFB)

Name of Clearing & Settlement Organization

1. GreTai Securities Market (GTSM) is in charge of clearing;

2.The operation of cash settlement is carried out by the designated clearing banks.

3. Taiwan Depository & Clearing Corporation (TDCC) is entrusted by the GTSM to handle securities settlement, for all securities except for Government Bonds.

4. GreTai Securities Market (GTSM) is in charge of settlement for Government Bonds, and the cash settlement of it is carried out by Central Bank of the Republic of China (Taiwan).

 

Settlement Cycle

T + 2

Name of Central Securities Depository

1. GreTai Securities Market (GTSM) is in charge of clearing;

2. The operation of cash settlement is carried out by the Central Bank of the Republic of China (Taiwan);

3. Taiwan Depository & Clearing Corporation (TDCC) is entrusted by the GTSM to handle securities settlement, for all securities except for Government Bonds.

4. GreTai Securities Market (GTSM) is in charge of settlement for Government Bonds.

 

Commissions on Transactions levied by Exchange

GTSM levies 0.00585% on the trading value of brokers for handing fee.

GTSM levies at most 0.0005% on the trading value of Government Bonds of brokers trading through the Electronic Bond Trading System (EBTS).

 

Taxes on Dividends, Interests

As for residents, dividends are included in the consolidated income for taxation.

As for resident bond investors, 10% withholding tax for interests.

As for non-residents, 20% withholding tax for dividends and 15% withholding tax for interests.

As for non-resident bond investors, 15% withholding tax for interests.

 

2013 Share ownership thresholds (%)

10% (kindly refer to Securities and Exchange Act, Article 22-2 & Article 43-1)

 

Short selling (Yes / No)

Yes

Short selling conditions (if any)

Short selling of ETFs is exempted from the local up-tick rule, which requires short sales to take place at no lower than the previous day’s closing price. Investors should check their brokers to see whether there is any quota available before conducting short selling.

As for short selling of Government Bonds, please refer to GreTai Securities Market Rules Governing the Electronic Bond Trading System, article 9.

 

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This page was last updated on: 11/19/2013 - 15:16