Company Overview of Taiwan Depository & Clearing Corporation
Taiwan Depository & Clearing Corporation engages in the clearing and settlement of securities. Its services include custody of securities and short-term bills, book-entry for uncertificated securities and registration of short-term bills, computerizing book-entry operation for securities, distribution of securities by book-entry, clearing and settlement of emerging stocks, payment processing of offshore fund transactions, and payment processing for underwriting and redemption of short-term bills. The company also provides settlement, pledge, and book-entry operations for securities and short-term bills; clearing, settlement, and confirmation of short-term bills transactions; maintenance of s...
11F, 363, Fushin N. Rd
Founded in 1989
Key Executives for Taiwan Depository & Clearing Corporation
Compensation as of Fiscal Year 2014.
Taiwan Depository & Clearing Corporation Key Developments
Broadridge Financial Solutions and Taiwan Depository & Clearing Corporation Signs MOU to Cooperate with StockVote System
Aug 15 14
Broadridge Financial Solutions Inc. has reached an agreement with Taiwan Depository & Clearing Corporation (TDCC) to establish direct links with the TDCC's new electronic voting system for Taiwanese shareholder meetings, StockVote. For listed companies that elect to use the StockVote system, direct voting into the system by Broadridge will significantly enhance the level of straight-through processing (STP) in the process, greatly improving voting deadlines for overseas investors and helping to eliminate multiple manual processes undertaken by local sub-custodian banks supporting Broadridge's clients in the market. StockVote was developed by TDCC to take advantage of recent regulatory changes in Taiwan that allow electronic voting, and the system has been used successfully by local investors for several years. By working with TDCC, Broadridge will bring the benefits of StockVote to foreign shareholders voting in Taiwan through Broadridge's global proxy service for global custodians and their institutional investor clients. Currently, voting in Taiwan is predominately handled manually by local banks, often including mandatory meeting attendance. With the cooperation of the sub-custodians and global custodians, Broadridge will send overseas voting directly to StockVote through secure electronic means, thereby eliminating the manual handling of paper voting and meeting attendance by the local banks for participating Taiwanese issuers.
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