By: Pan Chi-I and Frances Huang
Taipei, Dec. 12 (CNA) Taiwan Depository and Clearing Corp. (TDCC), the government-sponsored
securities clearing and settlement house, said Monday that it has signed a memorandum of understanding with its counterpart in Iran for future cooperation.
TDCC Chairman Sherman Lin (林修銘), who led a delegation to the 20th General Meeting of the Asian-Pacific Central Securities Depository Group (ACG20) in Tehran Dec. 5-9, signed the MOU with the Central Securities Depository of Iran’s (CSDI) Chief Executive Officer Mohammad Reza Mohseni.
The TDCC said it was the 23rd accord signed by the Taiwanese clearing house with a foreign counterpart to forge closer ties in international exchanges in securities clearing and custody affairs.
Under the agreement, the TDCC and CDSI will increase their efforts in business information exchanges, staff training and operations in cross-border business, the TDCC said. [FULL STORY]