- Exchange Traded Derivatives Clearing
- Clearing Members
- Clearing Mechanism
- Clearing Mechanism Developing History
- Clearing Mechanism
- Clearing Process
- Intraday Profit & Loss Trial Balance
- Daily Settlement Price
- Formula for Calculating Final Settlement Prices
- Clearing Margin Accounts
- Position Management
- Safeguard System
- Products exempted and not exempted from liquidation on behalf of a principal in the after-hour session
- Notice for Foreign Currency Denominated Contracts Settlement
- Margining
- Market Information
When an applicant becomes a clearing member of the TAIFEX, the applicant shall pay a registration fee according to the following provisions:
- (1)Fee: NT$300,000. If the applicant is a shareholder of the TAIFEX when it enters the clearing and settlement transaction, the registration fee shall be NT$200,000.
- (2)The registration fee shall be paid before the applicant enters the clearing and settlement transaction. After it begins operations, the clearing member may not request a refund.
Except where otherwise provided, clearing members engaging in clearing and settlement business shall remit clearing fees according to the following provisions:
- (1)Clearing fees
- A.Registration fee: The registration fee is charged according to the terms of cleared transactions submitted by a clearing member on the day. The rates will be announced separately by TAIFEX.
- B.Maintenance fee: The maintenance fee is charged according to the nominal principal balance of surviving cleared transactions at daily closing. The rates will be announced separately by TAIFEX.
- (2)Netting fees
- A.When a clearing member requests a basic netting, NT$300 will be charged for each terminated cleared transaction.
- B.When a clearing member requests a blending netting, NT$500 will be charged for each terminated cleared transaction.
- (3)Compression fee: When a clearing member requests a compression, NT$300 will be charged for each terminated cleared transaction.
- (4)Position transfer fee: When a clearing member makes a position transfer request, the transferee is to pay NT$500 for each cleared transaction transferred to it. However, the fee is exempted for position transfers made for non-defaulting clients of a defaulting clearing member.
- (5)Foreign exchange fee: Where TAIFEX makes foreign exchange for clearing members, TAIFEX will charge a foreign exchange fee of NT$200 per transaction.
Where a clearing member performs clearing and posts book-entry central government bonds as margin collaterals, unless otherwise stated, the clearing member is to pay the fees below for posting securities as margin collaterals:
- (1)Account management fee: 0.05% p.a. calculated daily as collateral used to cover margin in individual client account and proprietary account of the clearing member.
- (2)Account maintenance fee: 0.007% p.a. calculated daily as the balance of book-entry central government bonds in individual client account and proprietary account of the clearing member.
- (3)Interbank transfer fee: as stated in the fee schedules of individual settlement banks.
TAIFEX calculates the fees under the two sections above due for the month from client accounts and proprietary accounts of each clearing member at the end of each month, and sends the invoices. Clearing members are to deposit the payments into TAIFEX's designated account by the 15th day of the following month.
All fees payable under the provisions of this Fee Schedule shall be remitted by the relevant due date. TAIFEX may add a one percent delinquency charge to late payments for each day past the due date. For fees that remain unpaid one month after the due date, TAIFEX may impose a penalty of NT$500,000 or terminate the transaction.
