The Central Bank of Taiwan published September check clearing data showing that checks dishonored for insufficient funds totaled TWD 4.1 billion, accounting for 0.40% of cleared value, up 0.04 percentage points from August. By number, 3,271 checks were dishonored, representing an unchanged 0.08% of checks cleared. The increase in the value ratio primarily reflected more dishonored checks issued by accounts with aggregate dishonored check values of at least TWD 100 million. Corporate accounts’ share of dishonored check value increased by 17.94 percentage points, while their share by number rose 0.59 percentage points. Personal accounts’ shares declined by similar magnitudes. Overall clearing activity showed a divergence between volume and value. The number of checks cleared rose 0.66% from August to 4.0 million, while their total value fell 3.99% to TWD 1.02 trillion.
Central Bank of Taiwan reports September dishonored check value ratio of 0.40%, up 0.04 percentage points
The Central Bank of Taiwan reported that September checks dishonored for insufficient funds totaled TWD 4.1 billion, lifting their share of cleared value by 0.04 percentage points to 0.40%, while the share by number remained at 0.08%. The value ratio increase mainly reflected accounts with at least TWD 100 million in dishonored checks. Corporate accounts’ share of dishonored check value rose 17.94 percentage points.