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Press Releases

Monthly Overview of Offshore Banking Units (OBUs)

Central Bank of the Republic of China (Taiwan)

PRESS RELEASE                                                   Release Date: August 31, 2017                                                

Monthly Overview of Offshore Banking Units (OBUs)

Number of OBUs and Total Assets     As of July 31, 2017, there were 61 OBUs with total assets of US$193.153 billion, a decrease of US$8.889 billion or 4.4% 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

23

61

Total assets (USD billions)

170.415

22.738

193.153

% of combined assets

88.2%

11.8%

100%

Note: The decrease in total assets over the previous month was mainly a result of accounting errors made by one of the OBUs.  After adjustment, the decrease would narrow to 0.62 billion dollars or 0.3%.  Affected historical data in the Financial Statistics Monthly published by the CBC will be adjusted accordingly.

 

 

 

 

 

 

 

 

Uses and Sources of Funds     At the end of July, the primary uses of funds of all OBUs were Discounts and Loans, which amounted to US$80.548 billion or 41.7% of total assets. The main sources of funds were Vostro account– head office & branches, which amounted to US$90.114 billion or 46.7% of total liabilities. The uses and sources of funds are summarized as follows:

Uses of Funds

Sources of Funds

Item

Amount

%

Item

Amount

%

Discounts and Loans

Securities investments

Due from banks

Nostro account – head office & branches

Other assets

80.548

51.612

27.512

25.140

8.341

41.7

26.7

14.2

13.0

4.4

Vostro account – head office & branches

Deposits

Other liabilities

Due to banks

Equity of head office

90.114

74.419

13.311

12.678

2.631

46.7

38.5

6.9

6.5

1.4

Total

193.153

100.0

Total

193.153

100.0

Destination and Origin of Funds     As of July 31, Asia was the main destination and origin of funds. The following table provides a geographical breakdown:

                                                                                             (%)

Region

Destination

Origin

Asia

52

65

America

31

24

Europe

10

4

Other regions

7

7

Total

100

100

 

 

 

 

 

 

 

Discounts and Loans     The total value of all outstanding discounts and loans made by all OBUs at the end of July 2017 was US$80.548 billion, the composition of which is as follows:

Client
Location

Duration

Outstanding Value (USD billions)

% of
Total Discounts and Loans

Overseas

Medium and long-term

51.662

99.1%

Short-term

28.162

Local

All terms

0.724

0.9%

Total

80.548

100.0%

 

 

 

 

 

 

 

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

                                                                                                                  (USD billions)

Spot

Forwards

Swaps

Total

27.486

5.204

9.403

42.093

 

 

 

Volume of Export and Import Related Business     The volume of export and import related banking business of all OBUs in July 2017 were US$28.536 billion and US$27.681 billion, respectively.

Turnover of Derivative Products Trading     The turnover of derivative products trading by all OBUs in July 2017 was US$20.119 billion as shown in the table below by product category:

                                                                            (USD billions)

Product Category

Turnover

Futures

9.297

Options

9.257

Swaps

1.328

Margin account trading

0.227

Credit derivatives

0.010

Total

20.119

 

 

 

 

 

 

 

 

___________

Notes: The next release will be made at 16:20 p.m. on September 30, 2017.