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OthersGovernment Bond

Last updated:2019/08/02 Print
FAQ

When are the business hours for the services of government bonds?

Business hours are from 9 a.m. to 3:30 p.m. from Monday to Friday; the services will be stopped on the weekend and holidays.

How to make a reservation for subscribing the book-entry government bonds and paying the subscription price?

I. The procedures of making a reservation for the subscription
(i) Subscription period: Starts from five business days prior to the tender date of each government bond, until 3:30 p.m. of one business day prior to the tender date.
(ii) The amount of subscription: The unit of book-entry government bonds available for purchase shall be in a multiple of NT$ 100,000; the amount that each subscriber is allowed to purchase for each term shall be implemented in accordance with the subscribing limits announced by the Ministry of Finance, including the sale handled by the Taiwan Stock Exchange Corporation (hereinafter the "TWSE"); the amount of upper limit is currently up to NT$1,500,000. The extra sale handled by the TWSE will be canceled if the accumulated total amount of registered subscription is more than the upper limit.
(iii) The method of subscription: Subscriber shall carry his ID card and make a reservation for subscribing the book-entry government bonds at the post offices, which are assigned for selling government bonds, and pay the performance bond; NT$ 500 performance bond is required for NT$ 100,000 government bonds, NT$ 1,000 performance bond is required for NT$ 200,000 government bonds, and so on. The subscription price will be offset at the time of settlement.

II. The procedures of cancelling the reservation of subscription
(i) Application period: Starts from the registration date of a completed reservation, until 3:30 p.m. of one business day prior to the tender date of government bond.
(ii) How to cancel the reservation: Subscriber shall carry his ID card and submit the "Application Form of the Reservation or Cancellation for Subscribing Government Bonds" as well as the receipt for "Contract Performed and Refund the Performance Bond" to the original post office. From the tender date of government bonds, the contract may not be terminated and the performance bond may not be refunded either.
(iii) How to refund the performance bond: The unit for cancelling the reservation of government bonds shall be in a multiple of NT$ 100,000; the originally deducted performance bond will be refunded based on the ratio of cancellation if cancelling part of the subscribed amount.
III. The procedures of purchasing the book-entry government bonds and paying
     the subscription price .
(i) Settlement price: The selling prices shall be based on the announcement by the Ministry of Finance.
(ii) Settlement period: The settlement shall be implemented within seven days from the issue date; the settlement period shall be from 9 a.m. to 3:30 p.m. from Monday to Friday, the services will be stopped on the weekend or holidays; the settlement shall be implemented after 10 a.m. on the first day due to the government bonds transfer work of the Central Bank. The last day of settlement will be postponed one day if it is the weekend or a holiday.
(iii) Settlement procedures: During the settlement period, the subscriber shall carry his ID card, the receipt for Contract Performed and Refund the Performance Bond, and the passbook of book-entry central government bonds to the original post office for handling the settlement.
(iv) If the subscriber pays the subscription price for settlement after issuing, the subscriber shall pay the overdue interest; the interest receivable will be accumulated on a daily basis.
(v) During the settlement period, if the subscriber fails to pay the subscription price for settlement, the reservation of government bonds will be canceled and the performance bond will be confiscated as well.
(vi) The settlement of government bonds is only one time; if a partial settlement, the amount of performance bond of government bonds which was failed for settlement will not be refunded.

How to cash the principal and interest of the book-entry government bonds?

The payment will be automatically transferred to the subscriber's postal savings passbook or postal giro savings account on the date of interest receipt or the date of government bond payment.

How to handle the limited transaction of book-entry government bonds, including the lodgment of the council, the pledge creation of public guarantee and the cancellation of public guarantee?

The investors shall carry his ID card, the passbook of book-entry central government bonds, and his authorized seal to the original account-opening post office to handle the limited transaction; if the investor is a legal person, an official letter will be required.

How to handle the changes for the book-entry government bonds, including the seal changes, the report for the lost of passbook and the requirement of new passbook, the change of account name, the change of address, and the change of the designated deposit account?

I. The investors may in advance notify the original account-opening post office
by oral or phone call to report the loss of passbook/authorized seal and ask
for stopping the payment; if the investor is a legal person, an official letter
will be required.
II. The loss report for the passbook of book-entry central government bonds:
The investor shall in person carry his ID card and the authorized seal to the
original account-opening post office to handle the loss matters.
III. The loss report for the authorized seal of book-entry central government
bonds: The investor shall in person carry his ID card and the passbook of
book-entry central government bonds to the original account-opening post
office to handle the loss matters.
IV. The changes for the authorized seal, account name, address, and the
designated deposit account: The investor shall in person carry his ID card,
the passbook of book-entry central government bonds, and his authorized
seal to the original account-opening post office to handle the change matters.

How to open the account for the book-entry government bonds?

I. The legal person shall take with the required documents which are necessary
for opening a giro account and the postal giro savings account data to one of
the 141 designated post offices, which are assigned for selling government
bonds, to open a book-entry government bonds account.
II. The natural person shall in person take with his ID card, secondary
certificates, authorized seal and the postal savings passbook or the postal giro
savings account data to one of the 141 designated post offices, which are
assigned for selling government bonds, to open a book-entry government
bonds account.

How to apply for the network service and its operation for government bonds?

I. The application for the network service of government bonds
The subscriber shall carry his book-entry government bonds passbook, authorized seal and ID card to the original post office, and then fill out one copy of the "Application Form for the Postal Savings, Remittances, and Life Insurance Network Services of the Internet Post Office/E Post Office", two copies of "Contract for the Postal Savings, Remittances, and Life Insurance Network Services of the Internet Post Office/E Post Office", and sign these documents by the authorized seal for the application of network service. If the subscriber is an underage person, it shall be required to follow the related regulations for opening an account of government bonds passbook to apply for this network service.
II. The operation for the network service
(i) The transaction of government bonds
The business days for the government bonds services are from 9 a.m. to 3:30 p.m. from Monday to Friday; the services will be stopped on the weekend and holidays.
A. The procedures of making a reservation for the subscription (Limited to online reservation).
(a) Subscription period: Starts from five business days prior to the tender date of each government bond, until 3:30 p.m. of one business day prior to the tender date.
(b) The amount of subscription: The unit of book-entry government bonds available for purchase shall be in a multiple of NT$ 100,000; the amount that each subscriber is allowed to purchase for each term shall be implemented in accordance with the subscribing limits announced by the Ministry of Finance, including the sale handled by the TWSE; the amount of upper limit is currently up to NT$1,500,000. The extra sale handled by the TWSE will be canceled if the accumulated total amount of registered subscription is more than the upper limit.
(c) Performance bond: NT$ 500 performance bond is required for NT$ 100,000 government bonds; NT$ 1,000 performance bond is required for NT$ 200,000 government bonds, and so on. The performance bond shall be deducted directly from the designated deposit account of the book-entry government bonds, an account the subscriber opened to cash the principal and interest of government bonds; the subscription price will be offset at the time of settlement.
(d) This procedure may be handled partially during the subscription period and within the limited amount of subscription as well.
B. The procedures of cancelling the reservation of subscription (Limited to online reservation).
(a) Application period: The subscriber may apply for canceling the reservation of subscription and ask for refunding the performance bond from the registration date of a completed reservation, until 3:30 p.m. of one business day prior to the tender date of government bond. From the tender date of government bonds, the contract may not be terminated and the performance bond may not be refunded either.
(b) How to refund the performance bond: The unit for cancelling the reservation of government bonds shall be in a multiple of NT$ 100,000. If cancelling part of the subscribed amount, the originally deducted performance bond will be refunded based on the ratio of cancellation and be directly transferred into the designated deposit account of the book-entry government bonds, an account the subscriber opened to cash the principal and interest of government bonds.
(c) This procedure may be handled partially during the subscription period and within the registered amount of subscription as well.
C. The procedures of purchasing the book-entry government bonds and paying the subscription price (Limited to online reservation).
(a) Settlement price: The selling prices shall be based on the announcement by the Ministry of Finance.
(b) Settlement period: The settlement shall be implemented within seven days from the issue date. The last day of settlement will be postponed one day if it is the weekend or a holiday.
(c) If the subscriber pays the subscription price for settlement after issuing, the subscriber shall pay the overdue interest; the interest receivable will be accumulated on a daily basis.
(d) During the settlement period, if the subscriber fails to pay the subscription price for settlement, the reservation of government bonds will be canceled and the performance bond will be confiscated as well.
(e) The settlement of government bonds is only one time; if a partial settlement, the amount of performance bond of government bonds which was failed for settlement will not be refunded.
(f) The settlement price will be deducted directly from the designated deposit account of the book-entry government bonds, an account the subscriber opened to cash the principal and interest of government bonds; the subscription price will be offset at the time of settlement.
D. The procedures for the sale of government bonds (Limited to online reservation).
(a) The Department of Capital Operations of Chunghwa Post Co., Ltd. shall set the selling price on a daily basis. The unit of selling one-term government bonds per time shall be in a multiple of NT$ 100,000, and the upper limit is NT$1,500,000. In addition, the upper limit for the daily accumulated amount of selling one-term government bonds is NT$1,500,000.
(b) The payment of selling price will be transferred directly into the designated deposit account of the book-entry government bonds, an account the subscriber opened to cash the principal and interest of government bonds.
(c) In order to encourage the online trading, all selling price is calculated at a discount price of the co-brander card, Chunghwa Post Dragon Credit Card.
(ii) The loss report for the passbook of book-entry government bonds        (24/7 service).
If you lost the passbook of government bonds, you can report the loss of passbook on the internet at any time and ask for stopping the payment as well. After finishing the online application for the loss of government bonds passbook, if you found the passbook, you can to carry your passbook of the book-entry government bonds, authorized seal, and ID card to the original post office to cancel the previously online application for the loss of government bonds passbook.
(iii) The subscriber can inquire about the related data of government bonds by the following functions.
1. Inquire about the account balance.
2. Inquire about the transaction history which has not been updated on the passbook yet.
3. Inquire about the reservation for subscription and the data of subscribed government bonds as well.
4. Inquire about the results of subscription and sale as well.
(iv) The service for changing the username and its password (24/7 service).

How to sell government bonds?

I. The unit of selling one-term government bonds per time shall be in a multiple of NT$ 100,000, and the upper limit is NT$1,500,000. In addition, the upper limit for the daily accumulated amount of selling one-term government bonds is NT$1,500,000.
II. The investors shall carry his ID card, the postal savings passbook or the postal giro savings account data, the passbook of book-entry central government bonds, and his authorized seal to the original account-opening post office to sell government bonds.