1. Qualified Applicants:
(1) ROC corporations or government agencies located overseas.
(2) Individuals 20 years old or above, without ROC residence, and hold passports of foreign countries.
2. Types of Foreign Currency Deposits:
(1) Demand Deposits (with passbook).
(2) Time Deposits (with certificate): 7-day, 14-day, 21-day, 1-month, 3-month, 6-month, 9-month, 1-year, or any designated expiration date within one year.
3. Deposit Currencies and Minimum Amount of Opening the Account
Currencies of demand deposits and time deposits include USD, GBP, JPY, EUR, CAD and AUD. Please contact the Bank’s Capital Department for other currencies accepted and the minimum amount of opening the account. The service fee for each inward remittance is US$10, for each outward remittance is US$20. But the service fee for remitting to the allied banks is only US$10. Account opening and capital transfer are handled by T/T.
4. Account Opening Procedure:
Please bring the following documents to open the account:
For corporations or government agencies: offshore corporation certificate or the copy of other certificates (passport or ID document of the responsible person).
For individuals: passport or ID document, and declaration of no residence within ROC.
5. Method of Deposits: Telegraphic transfer to the account designated by the Bank.
6. Automatic Renewal and Pledge:
Customers of time deposits can apply for automatic renewal (maximum 5 years, but for time deposits contract of or below 6 months, the renewal period should not exceed 3 years.) Customers can also apply for pledge borrowing of the deposited currency within the time deposits period. The maximum borrowing amount should not exceed 90% of the amount of the deposits.
Loans:
Qualified Applicants: ROC corporations or government agencies located in the countries that the Bank has conducted risk assessment.
Nature: short-term, mid-term or long-term loans.
Types of loans: (1) working capital loans (2) equipment capital loans (3) planned loans (4) guarantee (5) others
Interest Rate: decided based on SIBOR, LIBOR, TIBOR plus a certain individual add-ons.
Method of Repayment: discussed between the Bank and the borrower.
Foreign Currencies:
Remittance services for offshore customers, including outward and inward remittances, etc.
L/C issuance and notification services for offshore customers.
Import and export negotiation services for offshore customers.
Import and export collection services for offshore customers.