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TaiwanTaipeiFSCTWD

TWSE Block Trade in Taiwan

Block-trade financing and discreet execution for large lines listed on Taiwan Stock Exchange (TWSE) — Taiwan principal cash-equity venue.

01 · Process
How it works

From enquiry to print.

StageWhat happensTiming
01Confidential enquiryThe line, the holding and the objective, shared through a secure channel.Day one
02Pricing the blockThe line is sized and a price set against it; any discount reflects size and liquidity.1–2 days
03Execution & printWorked off the order book or negotiated, then printed under the exchange’s block-trade rules.On the day
04Settlement & disclosureSettles on the standard cycle; any substantial-holding disclosure is sequenced around the print.T+1 / T+2
02 · The Market
Asia

About Taiwan Stock Exchange.

Taiwan Stock Exchange is the principal cash-equity venue of Taiwan. Founded in 1962, it operates under the oversight of Financial Supervisory Commission (FSC), and its leading benchmarks are TAIEX, FTSE TWSE Taiwan 50. Listing standards are set out in the TWSE Operating Rules; Securities and Exchange Act.

TWSE at a glance:

Listed venueTaiwan Stock Exchange (TWSE)
RegulatorFinancial Supervisory Commission (FSC)
CurrencyTWD
SettlementT+2
Disclosure threshold10%
Principal indicesTAIEX, FTSE TWSE Taiwan 50

Taiwan’s principal equity venue, heavily concentrated in semiconductor and electronics names — a single issuer accounts for a large share of TAIEX capitalisation. Foreign institutional flows drive much of the day-to-day liquidity that shapes eligibility.

On TWSE, block trades run to defined size thresholds and a fixed reporting rhythm: a securities firm reports the transaction to the exchange on trade day, and the exchange publishes a daily block-trading summary of single-security and paired trades. Trades can be routed through an omnibus trading account, where the account rather than each underlying investor meets the size requirement. Settlement is T+2. For a controlling-shareholder line, the practical read is that a negotiated block prices the whole position at once, off the continuous book, rather than exposing it to intraday depth in a market where turnover concentrates in a few large-cap names.

03 · Eligibility
For Institutional Positions

What qualifies on TWSE.

TWSE ranks among the deepest equity pools anywhere; eligibility turns on the stock itself — its free float, daily traded volume, and how concentrated the line is.

For any given TWSE position, our review looks at: free float and daily traded volume against the size of the transaction; your status (controlling shareholder, director, substantial shareholder) and the disclosure that follows; the issuer’s sector and listing segment; and what the transaction must do (LTV, tenor, currency, recourse, custody).

04 · Disclosure
FSC

Framework cited on TWSE.

The principal regulatory reference on TWSE is Securities and Exchange Act Art. 43-1. How it applies to any single transaction — reporting levels, step thresholds — turns on the underlying rules and national-law overlays, which we map against your contemplated transaction at the structuring stage alongside the counsel you appoint.

The citations above are public regulatory references, given for orientation only and not as legal advice. Take independent legal advice in the relevant jurisdiction for any specific transaction.

See the full process →

05 · FAQ
TWSE · Block Trades

What holders ask about TWSE.

01How is a block trade on TWSE reported and settled?
The securities firm reports the transaction to the exchange on trade day, and it appears in the TWSE daily block-trading summary; settlement is T+2. If the transfer would take the buyer to 10% or more of the company’s shares, it is structured as an off-market private transaction and the resulting position is notifiable under Article 43-1. Black Haven manages that sequencing around the print.
02How is a block printed on TWSE?
The block is negotiated off the order book and then reported to Taiwan Stock Exchange under its rules. The structure preserves discretion until the print.
03Which TWSE segments do you handle?
All principal segments Taiwan Stock Exchange runs: TWSE Main Board; Taipei Exchange (TPEx, formerly GreTai) - OTC market. The more liquid tiers are simpler to execute.
04Does large-holding disclosure apply?
Depending on the size and the seller’s standing, yes — under Securities and Exchange Act Art. 43-1. We manage the timing and wording.
05What is the substantial-holding threshold on TWSE?
The principal level is 10%, under Securities and Exchange Act Art. 43-1. A crossing by a significant holder is notifiable; we manage the timing and wording around the print.
06How does a TWSE block settle?
The block is reported to Taiwan Stock Exchange under its rules and then settles on the standard T+2 cycle. We coordinate the print, settlement and any financing.
07Can you handle a block for an offshore seller on TWSE?
Yes. The line is held with a qualified custodian and printed to Taiwan Stock Exchange; we manage cross-border custody, settlement and disclosure.
06 · Other Venues
Taiwan

Other venues.

Hong Kong · Japan · China · South Korea · Singapore · Australia

Taiwan overview →

A particular TWSE holding to talk through?

Send a confidential enquiry, and a senior principal will reply within one business day.