TAIWAN FUTURES EXCHANGE-Clearing-OTC Derivatives Clearing-Clearing Specification-New Taiwan Dollar Interest Rate Swap

Items	Content
Product type	Fixed Rate - Floating Rate Swap
Currency	TWD
Notional Amount	Fixed Amount, the minimum unit is NT$1
Minimum Term	The period from the effective date to the termination date of the transaction must be at least 3 months
Maximum Residual Term	The period from the submission date to the termination date of the transaction shall not exceed 15 years
Minimum Residual Term	The period from the submission date to the termination date of the transaction must be at least 3 business days
Floating Rate Option	Taipei Interbank Offered Rate, TAIBOR
Floating Rate Tenor	3 months
Floating Rate Payment Frequency	3 months
Floating Rate Reset Frequency	3 months
Floating Rate Fixing Date	2 business days before each interest calculation period
Floating Rate Fixing Date Financial Center & Floating Rate Payment Date Financial Center	Taipei
Floating Rate Day Count Fraction	Actual/360。 Actual/365（Fixed）。
Fixed Rate Payment Frequency	3 months
Fixed Rate Day Count Fraction	Actual/Actual。 Actual/365（Fixed）。 Actual/360。 30/360。 30E/360。 30E/360（ISDA）。
Payment Lag	N/A
Business Day Convention	Following Modified Following Preceding
Roll Convention	Standard End of Month, EOM
Additional payments are limited to the upfront fee and should meet the following requirements	Transactions with more than one additional payment cannot be cleared The payment currency must be the same as the contract currency The payment date must not be before the effective date of the transaction or after the termination date of the transaction.

The terms used in this specification are defined by ISDA.
If any of the following circumstances occurs, the transaction will not be accepted by TAIFEX for clearing:
I. Both counterparties of the transaction are the same.
II. Both the first and last interest calculation periods are stubs.
III. Stub period of the transaction is greater than 6 months.