Customer side: Investors are required to deliver fund/securities to-be-paid to securities firms by T+2 10 a.m.. After securities firms complete settlement of funds to-be-paid to TWSE by T+2 11:00 a.m., thereafter investors will then
receive the securities/funds.
Securities firm side: Securities firms have to complete settlement of securities to-be-paid to TWSE by T+2 10:00 a.m., and complete settlement of funds to-be-paid to TWSE by T+2 11:00 a.m. TWSE transfers the funds and securities to
securities firms according to the sequence of settlement completion. As soon as the securities firms complete payment obligation (both securities and funds), TWSE transfers the funds to-be-paid /securities to-be-paid immediately. The transfer time
starts at 9:00 am on the T+2 day.
Operation procedure and platforms:
Settlement of securities: the TDCC
Settlement of funds: he Central Bank of the ROC (Taiwan) Electronic Interbank Funds Transfer and Settlement System (CIFS)
