Central Bank of the Republic of China (Taiwan) : Monthly Overview of Offshore Banking Units (OBUs)

January 03, 2014 at 02:20 pm IST

MarketScreener.com By

Central Bank of the Republic of China (Taiwan)

PRESS RELEASE Release Date: January 3, 2014

http://www.cbc.gov.tw>

Number of OBUs and Total Assets As of November 30, 2013, there were 63 OBUs with total assets of US$163.678 billion, an increase of US$3.418 billion or 2.1% from the previous month. The breakdown of the information in terms of domestic and foreign banks is shown in the table below:

Item	Domestic Bank	Foreign Bank	Total
Number of OBUs	38	25	63
Total assets (USD billions)	138.396	25.282	163.678
% of combined assets	84.6%	15.4%	100.0%

Uses and Sources of Funds At the end of November, the primary uses of funds of all OBUs were loans, which amounted to 81.805 billion or 50.0% of total assets. The main sources of funds were vostro account- head office & branches, which amounted to 71.286 billion or 43.6% of total liabilities. The uses and sources of funds are summarized as follows:

(USD billions, % of total assets/liabilities)

Uses of Funds			Sources of Funds
Item	Amount	%	Item	Amount	%
Loans Due from banks Securities investments Other assets Nostro account - head office & branches	81.805 23.889 22.718 18.535 16.731	50.0 14.6 13.9 11.3 10.2	Vostro account - head office & branches Deposits Due to banks Other liabilities Equity of head office	71.286 50.355 24.920 14.402 2.715	43.6 30.8 15.3 8.6 1.7
Total	163.678	100.0	Total	163.678	100.0

Destination and Origin of Funds As of November 30, Asia was the main destination and origin of funds. The following table provides a geographical breakdown:

(%)

Region	Destination	Origin
Asia	61	65
America	26	21
Europe	6	9
Other regions	7	5
Total	100	100

Loans The total value of all outstanding loans made by all OBUs at the end of November 2013 was US$81.805 billion, the composition of which is as follows:

Client Location	Duration	Outstanding Value (USD billions)	% of Total Loans
Overseas	Medium and long-term	45.733	99.9%
Overseas	Short-term	35.989	99.9%
Local	All terms	0.083	0.1%
Total		81.805	100.0%

Turnover of Foreign Exchange Trading The data on the turnover of foreign exchange trading by all OBUs for the month of November is provided below:

(USD billions)

Spot	Forwards	Swaps	Total
23.128	7.829	7.336	38.293

Volume of Export and Import Related Business The volume of export and import related banking business of all OBUs in November 2013 were US$37.015 billion and US$34.482 billion, respectively.

Turnover of Derivative Products Trading The turnover of derivative products trading by all OBUs in November 2013 was US$63.540 billion as shown in the table below by product category:

(USD billions)