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 or its client enter into an OTC Derivatives Clearing Connection Agreement with TAIFEX, the clearing member is to pay the following System Usage fee:
- Fee：NT$2,000 per system account per month.
- The System Usage fee is to be calculated on a monthly basis. Odd days will be rounded up to one month.
- The System Usage fee for the first month is required to be paid before signing of the OTC Derivatives Clearing Connection Agreement.
- TAIFEX will send the invoice for the following month to each clearing members at the end of each month. The content of that invoice includes the System Usage Fees of clients. 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.
