Clearing
- 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
Clearing
System Connection Fee
1.Connection Fee Payment Method
When a clearing member and TAIFEX enter into an OTC Derivatives Clearing Connection Agreement, the clearing member is to pay the following System Usage fee:
- (1)Fee: Clearing members who make a connection request are to pay NT$2,000 per system account per month.
- (2)The System Usage fee is to be calculated on a monthly basis. Odd days will be rounded up to one month.
- (3)Clearing members will be required to pay the System Usage fee for the first month before signing the OTC Derivatives Clearing Connection Agreement.
- (4)TAIFEX will send the invoice for the following month to each clearing member at the end of each month. Clearing members are to make the payments before the 10th day of the following month.
2.Penalty for late payment
Where a clearing member fails to make payment as required above, TAIFEX may charge a penalty at 1% of the amount for each day after the deadline. TAIFEX may impose a penalty of NT$500,000 or terminate the OTC Derivatives Clearing Connection Agreement if a late payment remains outstanding after a month.
