Laws Information

法規資訊

Article Content

The Taiwan Futures Exchange Corporation (hereinafter, "Party A") and ___________________________________ Co., Ltd. (hereinafter, "Party B") hereby enter into this Contract regarding computer linkage matters for centralized futures trading and agree to the following terms and conditions:

Article 1
After this Contract takes effect, Party B may use _____ packet switched data communication circuits (including a total of _____ permanent virtual circuits [PVC] for trading orders; configuration as set forth in Schedule 1) or _____ TCP/IP circuits (including a total of _____ socket ports for trading orders; configuration as set forth in Schedule 1) and _____ domestic data circuits (configuration as set forth in Schedule 2) to connect via the host with the futures trading and clearing systems designated by Party A and carry out futures trading and clearing operations. Party B shall abide by the applicable laws and regulations of the competent authority and abide by Party A’s operational rules, regulations, announcements, and circular letters.

Article 2
Before connecting to Party A’s computer network, Party B shall complete the following preparations:
1. Acquire computer software or related facilities that can effectively achieve risk control, and prepare internal control and internal auditing systems in writing.
2. Acquire its own operating personnel and qualified equipment related to computer connectivity, and complete computer connection engineering and connection testing by the time and method designated by Party A.

Article 3
After connecting to Party A’s computer network, Party B shall be obligated to pay Party A periodically a trading information user fee and on-line processing fee in accordance with the Taiwan Futures Exchange Corporation Standards for Collection of Trading Information User Fees and the Taiwan Futures Exchange Corporation Standards for Collection of On-line Processing Fees.

Article 4
Party B’s communication circuits shall be connected to its computer host for futures trading and used exclusively for the purpose of operating futures business. Party B shall not use the circuits for any other purposes.

Article 5
Without written consent from Party A, Party B shall not arbitrarily increase or decrease its computer connection circuits or transfer the computer connection rights or connection circuits.

Article 6
Upon the completion of computer connection pursuant to this Contract, in the event of information transmission interruptions or malfunction of computer connection equipment for other reasons, Party A and Party B shall jointly determine the causes and complete repair as soon as possible. Neither of the two parties shall be liable to the other for damages with respect to any loss incurred by either thereby.

Article 7
Party A shall be the copyright owner of the stored computer data of the centralized futures exchange market. Without consent from Party A, Party B shall not lend, lease, or sell the data to any third person.

Article 8
Without written consent from Party A, Party B shall not alter, add, expand, delete, or damage the stored computer data of the centralized futures exchange market or make any other changes thereto.

Article 9
In the event of malfunction of computer linkage due to natural disasters, strikes, slowdowns, force majeure events, or other accidents, Party A shall not be liable for any damage arising therefrom.

Article 10
Party B shall strictly observe the obligation of confidentiality and shall not disclose to others Party A’s business data, information, or other relevant materials Party B learns during the performance of this Contract, or engage in any conduct detrimental to Party A.

Article 11
Where consigning another clearing member to conduct clearing and settlement operations, Party B agrees that Party A shall immediately transmit the order or trade confirmation information to the clearing member handling clearing and settlement for Party B.
Party A shall strictly observe the obligation of confidentiality and not disclose to others the information about Party B’s trading orders, order confirmations, or trade confirmations, unless pursuant to the preceding Article or for inquiries made in accordance with relevant laws or regulations.

Article 12
During the life of this Contract, where there occurs suspension or termination of the business of party B, Party B shall still pay the fees under Article 3. Otherwise, upon resumption of its business, Party B shall not have the right to request computer connection under this Contract.

Article 13
If Party B breaches this Contract, or the competent authority renders a disposition voiding its operating permit or ordering it to suspend business, or Party A renders a disposition suspending its trading or terminating its market usage contract because of its violation of Party A’s rules, regulations, announcements, or circular letters, Party A may temporarily suspend Party B’s right to use computer connection facilities or terminate this Contract.

Article 14
Party A shall have the right to alter or replace this Contract based upon facts and the requirements of relevant laws and regulations; Party B shall not refuse.

Article 15
During the life of this Contract, Party B may terminate this contract with one month’s written notice to Party A. In the event of Party B’s dissolution, termination of operations, acquisition, suspension of operations, bankruptcy, reorganization, or liquidation, Party A may terminate this Contract.

Article 16
Party A and Party B agree that any disputes arising out of this Contract will be resolved by arbitration under the Commercial Arbitration Statute. If a lawsuit is filed because the arbitration fails or is filed to void the arbitration award, the parties agree that the Taipei District Court shall be the jurisdictional court of first instance.

Article 17
This Contract shall take effect from the day of its signing.

Article 18
After this Contract takes effect, if the number of Party B’s connection circuits under Article 1 is changed, Party B shall file a written application with Party A and obtain its approval; the relevant documents shall be deemed a part of this Contract.

Article 19
This Contract is executed in duplicate, with one copy to be retained each by Party A and Party B.

By:

Party A: Taiwan Futures Exchange Corporation
Responsible Person:
Address: 14F, No. 100, Roosevelt Rd., Section 2, Taipei

Party B:
Responsible Person:
Address:

Date: