Yuanta Securities operates brokerage, underwriting, derivatives, credit transactions, bonds and stock transfer agency services. The brokerage business receives and carries out customer orders to trade securities on the stock exchanges, as well as trade bonds, repos and reverse repos, and executes
securities financing and lending transactions. Yuanta Securities also advises companies on fundraising and publicly listing their shares on exchanges in Taiwan or overseas, mergers and acquisitions and other securities listings. As a specialized stock transfer agent, Yuanta assists publicly-listed companies handle a variety of stock-related matters and also deals in derivatives and asset-securitization products. With professional staff and highly integrated resources, Yuanta is able to provide high quality value-added services, and has burnished a solid reputation as a professional financial services provider.
| Brokerage business |
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Yuanta Securities is the market leader in Taiwan with brokerage market share of 12%, 150 branch offices and nearly 4,000 brokers.
As a part of Yuanta Financial Holdings, the brokerage business leverages the many product lines from the entire company, including Taiwan's largest securities research team and an Asian regional presence. Not only are brokerage services provided for domestic and international institutional investors, but Yuanta can provide comprehensive offshore mutual fund products for its domestic clients. |
| Fixed income business |
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Yuanta is a qualified Central Government Bond Dealer and engages in bond interest futures, interest-rate swaps, interest-rate options, forward rate agreement, structure products and forward bond trading.
In terms of underwriting amount and number of issues, Yuanta Securities consistently ranks among the top 3 players in the fixed income market. Yuanta is a leader as an asset securitization lead underwriter and ranks 2nd as a CBO dealer.
Yuanta has been a pioneer in many markets as shown below:
| First issuance of a CBO in excess of NT$10 billion. |
| Market leader in underwriting corporate debt stripping and composition |
| Completed the first case of bond stripping and trading
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In 2006, Yuanta underwrote 35 bond and securitization issuances amounting to NT$53.32 billion and capturing 13% market share. This placed Yuanta first in terms of cases and amount. Yuanta is also the largest brokerage firm trading in the secondary market, with trading value reaching NT$2.64 trillion and a market share of 4.06%.
In 2006, Yuanta also completed the largest CBO transaction ever in the domestic market, valued at NT$21.1 billion.
Yuanta has also received recognition from international media groups for its role in the market. Yuanta received the Taiwan's Best Debt House award from The Asset in 2004 and Best Domestic Bond House award from Asiamoney in 2005.
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| Underwriting |
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Yuanta's underwriting team operates on the back of years of experience, accessing resources from the entire group to expand its sales network. The team provides a range of services for institutional clients, providing guidance from stock market listing, to venture capital, strategic operation funding, private equity, overseas investments and corporate re-structuring, mergers and acquisitions, etc.
Starting from 2005, the Financial Supervisory Commission (FSC) established a new system for supervising the underwriting business in Taiwan, freeing underwriting placement and also strictly enforcing a self-governing system. These new regulations benefit those with a strong distribution channel and good credit rating.
Yuanta ranked 1st in 2004 in the number of major financial consulting cases handled. In M&A related services, it controls in excess of 25% market share. In the last 5 years, Yuanta has completed over 30 consulting cases, making it Taiwan's leader. For this reason, the company received recognition from Global Finance in 2006 and 2007 as Taiwan's Best Investment Bank. |
| Stock transfer and registrar services |
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Ever since its founding, the stock transfer and registrar department has provided professional service to shareholders and has seen significant expansion, helped by a merger with Tafa Securities, followed by numerous other mergers.
In order to strengthen its service to shareholders, in addition to setting up branches in Hsinchu, Taichung and Kaohsiung, the business has adopted a different approach than competitors. Service centers are designed to be client-oriented and make customers feel comfortable when they come. As additional service, training on relevant stock service regulations is offered every 1st and 3rd quarters. Not only does this does this provide a service for the immediate clients present, but also provides information about other listed companies that may be of interest to clients.
The gradual opening up of the domestic securities markets in recent years has been accompanied with greater internationalization. Yuanta has capitalized on business opportunities as the Securities and Futures Bureau has promoted new systems. It has assisted the government in policy matters and has taken the lead in promoting an electronic shares system, which is used by close to half of the listed companies that have adopted this method. Furthermore, in 2003, Syspower and TWCA promoted its "e-Vote data and voting platform," becoming a popular tool used by the government for promoting corporate governance while encouraging other securities firms to use the same platform.
In addition, the passage of the law by the Securities and Futures Bureau that stock agencies have to collect proxy votes for companies or shareholders will help to serve as a competitive niche for Yuanta.
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| Derivative financial products |
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Yuanta is a leader in derivative financial products in Taiwan , and maintains that role by continually developing and marketing innovative derivative products, structured products, debt swap products and interest rate swaps. Over the years, Yuanta has also been the market leader in issuing call warrants, both in the number issued and premium collected. In its innovation of warrants, Yuanta is ranked first in many aspects:
| Leading issuer of out-of-the-money warrants |
| Leading broker for execution efficiency 0.1 |
| Leading issuer for half-year contract period |
| Provide customers arbitrage trading between equities and warrants |
The company is a leader in convertible bonds, as indicated below:
- First licensed firm to perform CB asset swaps
- Completed the first asset swap with First Bank
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First firm to obtain a convertible bond options license
- Market share leader:
50% share in CB asset swaps
20% share in CB bond options trading
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