| Article 1 |
These standards are promulgated pursuant to Article 113 of the Operating Rules of the Taiwan Futures Exchange Corporation.
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| Article 2 |
Where a futures commission merchant or special clearing member signs an undertaking for a computer link with the futures trading and clearing computer systems when applying to operate futures business, it shall deposit an information equipment link bond in accordance with the following provisions:
- Fee rates:
- Futures commission merchants: a bond of NT$1 million each shall be deposited for operation of futures brokerage and proprietary futures trading business.
- Special clearing members: NT$1 million.
- A futures commission merchants or special clearing member shall deposit NT$300,000 for each additional branch institution it establishes.
- A futures commission merchant or special clearing member shall deposit the information equipment link bond before signing the undertaking for a computer link with the futures trading and clearing computer systems. The TAIFEX shall return the bond, interest-free, two years after the futures commission merchant or special clearing member begins operations.
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| Article 3 |
Where a futures commission merchant or special clearing member signs a contract with the TAIFEX for a computer link with the centralized futures exchange market to operate futures business, it shall pay on-line processing fees in accordance with the following provisions:
- Fee rates:
- Transmission of trading orders:
NT$2,000 shall be paid monthly for each TCP/IP socket port used.
- For transmission of futures clearing information, NT$2,000 shall be paid monthly for use of each dedicated digital line.
- On-line processing fees shall be calculated in monthly units and partial months shall be calculated as full months.
- The futures commission merchant or special clearing member shall pay the first month's on-line processing fee prior to the signing of a contract for a computer link with the centralized futures exchange market. At the end of each month, the TAIFEX shall send the bill for the following month's fees to all fee payers, and the fee payers shall pay by the 10th day of the following month.
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| Article 4 |
All fees payable in accordance with these standards shall be paid by the deadlines for payment; where payment is late, the TAIFEX may impose a delay penalty of 1 percent of the overdue amount per day. Where fees have still not been paid after one month past the deadline, the TAIFEX may impose a penalty of NT$500,000 for breach of contract, or terminate the contract.
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| Article 5 |
These Standards, and any amendments hereto, shall take force after ratification by the competent authority.
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