Effective on March 27, 2006, DIDC (Debt Instruments Depository and Clearing) officially merged into TSCD with a new name known as Taiwan Depository & Clearing Corporation (TDCC). The implementation of a new organizational structure has also been announced. The company set two new business groups undertaking back-office operations for different product markets. Additionally, by linking the Inter-bank Fund Transfer System of the Central Bank of China, delivery Versus Payment (DVP) has been provided for several fixed income instruments. Based on the advantages of such consolidation, TDCC will continue to extend business scopes as well as provide better but yet lower cost of services to the market.