of these resolutions include 36 community financial institutions in 2001, eight community
financial institutions in 2002, the Fengshan Credit Cooperative and the KBB in 2004, the Credit
Department of Xinpi Township Farmers' Association and the CSB in 2005, the Dapu Township
Farmers' Association, the EBH, the TBB, and the CUTIC in 2007, the Chinese Bank, the Bowa
Bank and the Asia Trust in 2008, and the Chinfon Commercial Bank in 2010. Payment amount
as of March 31, 2015, totaled about NT$287 billion (with the CDIC coveringNT$79.4 billion). A
total of 56 unsound financial institutions were generally assigned to other sound banks without
interruptionof operations, effectivelymaintaining financialmarket stability andendinga systemic
financial crisis.
In the tender saleof problem insured institutions, theCDIChas theoption to retain assets of the
institution tomaximize recovered value in cases where such assets do not attract a competitive
prices from investors, cannot be held by an investor due to statutory limits, or which have been
bought back through the putbackmechanism. Among the asset types retainedby theCDIC are
real estates (including agricultural and a small amount of movable property in buildings), loan
assets, equity investments, and antiques. Such retained assets had a net book value of NT$2.53
billion at theendof March2015, representing a reduction from theNT$21.224billionor 89.35%
in suchassetsoriginallyheld.The total recovery from the retainedassetswasNT$21,039billion.
When the Financial Restructuring Fund period terminated at the end of 2011, there remained
some unresolved issues that required ongoing handling by the CDIC through the exercise of
conservator functions and powers. After the return to the deposit insurance mechanism, the
CDIC in 2011 successively formulated guidelines for the implementation of conservator and
receiver tasks needed to fulfill its insurance responsibilities. These included the "Guidelines for
the Establishment of an Appraisal Task Force for Handling Insured Institutions with Unsound
Operations," "Guidelines forManaging theDisposal of theRetainedAssetsof Insured Institutions
with Unsound Operations," "Guidelines for the Outsourcing of the Tasks in the Fulfillment
of the Insurance Obligation and the Conducting of the Conservatorship and Receivership."
According to the fifthpoint of the lastGuidelines, theCDIC also formulated fiveprofessional and
technical qualification and fee standards as a basis for retaining lawyers, financial consultants
or accountants, land administration agents, professional real estate appraisal agencies, and
professional real estateagencies.
(3) Post Financial RestructuringFundPeriod
The CDIC continued to manage and dispose retained assets after the termination of the
Financial Restructuring Fund on December 31, 2011. Its ongoing tasks concluded with the
disposal of the retained assets of removed institutions.At the same time, theFSCdesignated the
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Central Deposit Insurance Corporation 30Years inRetrospect
