九十一年度年监目录（债券部分）.doc

 PAGE \* MERGEFORMAT 11 債券市場Bond Market 本中心負責管理我國的債券市場，包括債券上櫃掛牌、交易及相關衍生性金融商品等制度之規章訂定，以及執行市場秩序之維護及證券商管理作業。我國債券市場主要循證券商議價交易為之，本中心受主管機關委託與監督，肩負我國債券市場發展與管理之重大使命。 The GTSM takes charge of the administration of Taiwan’s bond market. Our responsibilities include the formulation of systems and rules governing the listing and trading of bonds and financial derivatives, maintaining market order and administering over securities firms. As bonds are traded primarily through over-the-counter negotiation in Taiwan, the GTSM shoulders the missions of developing and administering the bond market under the mandate and supervision of the competent authority. 壹、發行面Issuance 我國債券櫃檯買賣市場截至101年底為止，上櫃債券共1,312期，發行餘額計約7兆4,914億元及8.1億美元，發行餘額持續成長。債券種類方面，包括政府債券計100期，發行餘額計4兆9,343億元；金融債券計440期，發行餘額計9,904.1億元；證券化受益證券計20期，發行餘額計401.2億元；普通公司債計433期，發行餘額計1兆3,641.2億元；轉(交)換公司債計314期，發行餘額計1,594.5億元；外國債券計2期，發行餘額計30億元；國際債券計3期，發行餘額計8.1億美元。 Up to the end of 2012, a total of 1,312 bonds with the amount outstanding of NT$7,491 billion and US$81 million were listed on the GTSM. The bond products circulating on the market include 100 issues of government bonds in the sum of NT$4,934 billion; 440 issues of bank debentures in the sum of NT$990.4 billion; 20 issues of beneficiary securities in the sum of NT$40.12 billion; 433 issues of straight corporate bonds in the sum of NT$1,364 billion (including stripped corporate bonds); 314 issues of convertible (exchangeable) bonds in the sum of NT$159.4 billion; 2 issues of foreign bonds in the sum of NT$3 billion; and 3 issues of Formosa bonds in the sum of US$0.81 billion. 貳、交易面Trading 101年債券市場整體證券商成交金額合計65兆2,000億元，其中買賣斷成交金額為10兆3,807億元，占全部債券市場成交量的15.92%，相較於100年的買賣斷交易市場規模(計15兆3,019億元，占同年債市總成交量的21.38%)，其成交量減少了32.16%。買賣斷交易仍以政府債券交易為大宗，所占比例達85.81%，其次為普通公司債占10.19%，其餘為金融債券2.55%、轉換公司債1.44%及受益證券0.01%；附條件交易之全年成交金額為54兆8,193億元，占全部債券市場成交量的84.08%，相較於100年的附條件交易市場規模(計56兆2,597億元，占同年全部成交量的78.62%)。 The turnover in the bond market in 2012 reached NT$65,200 billion, of which, NT$10,380 bill