1. Banking Industry: Revision suggestions to 7 items in "Bank Loan Contracts"

The following illustrates the contents of correction:


1. "Surrender of the Right to Claim Guaranteed by the Civil Code"
   
2. "Right to Offset Before Termination Date"
   
3. "Regulation for Compensations"
   
4. "Compulsory Surrender of the Benefits of Timely Payment and Exemption of Creditor*s Responsibility to Notify in the Event of Inadequate Credit"
   
5. "Adherence to Unspecified, Generalized Articles"
   
6. "Differences in Obligations"
   
7. "Designation of Credit Limits" (Mortgage Ceilings)

Please note that, in view of maintaining competition, the consensus mentioned above is not to be considered the standard and copied verbatim in the banks* amendment of their loan contracts. In other words, the scope of correction mentioned above is to be taken as the minimum standard. Each bank can consider its own circumstances and produce contracts that are more beneficial to the contracting party.

2. Period of Correction:

Businesses are to revise the bank loan contracts before June 30, 1995. Starting from July 1 of the same year, all businesses shall make complete corrections in accordance herewith.