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財團法人中華民國證券櫃檯買賣中心 債券部. 台灣國際債券市場簡介 98 年4月6日. 簡報大綱. 前言 發行面 交易及結算交割 資訊申報 課稅方式 國際債券發行實例. 前言. 定義 : 外國債券 foreign bonds 係指外國發行人在當地國發行以當地國幣別計價之債券 日本的「武士債券」 Samurai Bonds 係日本以外的發行人在日本國內市場發行以日元為計值貨幣的債券 英國「鬥牛犬債券」 Bulldog Bonds 美國「洋基債券」 Yankee Bonds 中國「熊貓債券」 Panda Bonds - PowerPoint PPT Presentation
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9846
*
*:foreign bondsSamurai BondsBulldog BondsYankee BondsPanda Bonds 2005
*:foreign currency-denominated bonds Formosa BondsKimchi BondsShogun Bonds
*MTN program-1Medium Term NotesMTN1970GMAC90MTNsEuro-MTN marketEMTN
*MTN program-2MTN31MTN
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ECBEWBECBEWB
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*-221
*-95/8/160950003874
*-
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*- () SAWPCCS
*-
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*-:5002,500500 :250
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Sheet1
()
USD/ECUJPYAUD
0.010.0001%100,00010,000,000100,000
() /
0.01 0.0001% 10 1000 () ()
Sheet2
Sheet3
*9:00~13:309:00~13:3014:00~15:00
*
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: :2020
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*RP/RS (
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NettingT+313:30T+313:30T+313:30T+313:30
*
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*
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* 1,0001,500 150200 5,0005,000
*IC
*
Sheet1
USD/ECUJPYAUD
0.0001%10,0001,000,00010,000
Sheet2
Sheet3
*
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*
*(T+1)
*
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*Tran0693(B94)(B95)
*-()
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3.Euroclear1b. 1a. B6.2b. 2a. 5a.4.5b.BHSBC
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*http://siis.tse.com.tw/e_bond.htm
*:/: http://siis.tse.com.tw/e_bond.htm /
*:
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*-1AA-(95/11/1~98/11/1) 250,000,00010,0004.85% 30360
*-2AA(96/4/10~99/4/10) 308,000,00010,0006% ACT/ACT
*-EuroBondActual/365Actual/360Actual/Actual30/36030e/360
-p=1000/f=2(semi-annually)c=6%1999/1/151999/7/15y1/m1/d1=1999/1/31y2/m2/d2=1999/3/31
-Actual/365ACT/3651/365(1/31~3/31=59)I=P x C x (m2/d2-m1/d1)/365 =1,000x6%x(59/365) =$9.7
-Actual/360LiborACT/360 1/360(1/31~3/31=59)I=P x C x (m2/d2-m1/d1)/360=1,000x6%x(59/360)=$9.83
-Actual/ActualACT/ACT (1/),(1/15~7/15=181)D=f x (e2-e1) =2 x181 =36299/1/15~00/1/15=365 (1/31~3/31=59)I=P x C x (m2/d2-m1/d1) /D=1,000x6%x(59/362) =$9.78
-30/36030/360 1/360=(y2-y1)*360 + (m2-m1)*30 + (d2-d1)d1=31 d1 d1=30,d2=31 d1 >= 30d2 d2=30=(1999-1999)x360+(3-1)x30+(30-30)=60I=P x C x 60/360 =1,000x6%x(60/360)=$10
-30e/3601/360=(y2-y1)*360 + (m2-m1)*30 + (d2-d1)30/360,d1d2=(1999-1999)x360+(3-1)x30+(31-31)=60I=P x C x 60/360 =1,000x6%x(60/360) =$10
*MTN(General Motors Acceptance Corporation GMAC)GMAC270MTNsSECSecurities and Exchange CommissionSEC SEC MTNs80MTNs1981 1984 , MTN programsMTNsMTNs19823SEC415415shelf-registered, 22SEC48 * * 43816*24 **