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Bank of Taiwan


Short-term Bills Services

A short-term investment for short-term idle capital
If you or your company has temporary surplus capital that has not found proper use, or if the capital has not been utilized yet, you might want to consider a stable short-term investment plan. The Bank of Taiwan offers you the purchase of short-term bills as a very efficient way of utilizing your short-term capital. .

Short-term bills refer to short-term debt certificates due within one year, which include:
1. treasury bills
2. convertible time deposits
3. bank acceptances
4. commercial papers
5. other short-term debt certificates approved by the governing authority

Advantages of Investing in Short-term Bills
1. Secure and reliable
Short-term bills include treasury bills issued by the government, convertible time deposits issued by the banks, and bills issued by companies and guaranteed or endorsed by banks as secure and reliable.

2. High liquidity
Short-term bills have the advantage of high liquidity since bill holders can sell them in the monetary market when they need cash. In addition, considering the idle time of the capital, short-term bill holders can also enter into a re-sale agreement (customers can designate any day within the 180-day period as the due date) to utilize the capital flexibly.

Separation of taxes
The interest income from bills is taxed separately (20% tax rate at present) from the individual income tax or business income tax.
For non-profit organizations that do not need to pay taxes, the tax will be exempted or refunded.

Processing short-term bills with the Bank
1. Open a demand deposits account as a payment account in a local bank branch, sign the contract for conditional bills transactions, the agreement, and fill in the basic customer information.


2. Call the Bank’s Financial Department to decide on the amount, interest rate and period, etc.