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Article 8
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Where overseas Chinese and foreign nationals use domestic securities as collaterals for offshore investment activities, the provider of these collaterals should state the funds received from these offshore investment activities will be used in foreign currency outside the Republic of China and will not involve in any activities in the Republic of China. This statement should be provided to the Investment Custodian for verification by the collateral custodian.
The restriction in the preceding paragraph shall not apply to receipts and payments of funds in New Taiwan Dollar involved in the disposal of domestic securities collateral by collateral provider, collateral receiver, and collateral custodian in accordance with Article 13.
Before receiving collaterals, a collateral custodian should verify the collateral provider and collateral receiver have issued statements in accordance with the first paragraph above and Article 5, paragraph 2.
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