Central Bank Allows OBU Loans Secured by NT Dollar Assets

       The Central Bank announced on Jan. 18 that effective immediately, companies are allowed to apply to designated foreign-exchange banks for lines of credit secured by domestic stocks, real estate, or other New Taiwan Dollar assets, and may transfer those lines of credit to their related enterprises which may then apply to offshore banking units (OBUs) for foreign-currency loans. The use of the loans will not be limited to short-term credit financing but may also include long-term capital spending and other applications. This liberalization will bring greater flexibility to companies in their funding and utilization of capital, and it complies with the needs of global deployment. For more related information, please visit this website: http://www.cbc.gov.tw/foreign/legal/0940007309.asp.

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