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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: December 28, 2018                                  

Monthly Overview of Offshore Banking Units (OBUs)

Number of OBUs and Total Assets     As of November 30, 2018, there were 60 OBUs with total assets of US$206.790 billion, an increase of US$3.746 billion or 1.8% 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

37

23

60

Total assets (USD billions)

184.551

22.239

206.790

% of combined assets

89.2%

10.8%

100.0%

 

 

 

 

 

Uses and Sources of Funds     At the end of November , the primary uses of funds of all OBUs were Discounts and loans, which amounted to US$83.684 billion or 40.5% of total assets. The main sources of funds were Vostro account– head office & branches, which amounted to US$86.493 billion or 41.8% 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

83.684

59.640

27.930

23.856

11.680

40.5

28.8

13.5

11.5

5.7

Vostro account – head office & branches

Deposits

Other liabilities

Due to banks

Equity of head office

86.493

78.822

21.836

16.446

3.193

41.8

38.1

10.6

8.0

1.5

Total

206.790

100.0

Total

 206.790

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

51

63

America

30

24

Europe

10

6

Other regions

9

7

Total

100

100

 

 

 

 

 

 

 

Discounts and Loans     The total value of all outstanding discounts and loans made by all OBUs at the end of November 2018 was US$83.684 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

53.127

99.2%

Short-term

29.870

Local

All terms

0.687

0.8%

Total

83.684

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

26.015

9.242

13.761

49.018

 

 

 

Volume of Export and Import Related Business     The volume of export and import related banking business of all OBUs in November 2018 were US$54.720 billion and US$43.632 billion, respectively.

Turnover of Derivative Products Trading     The turnover of derivative products trading by all OBUs in November 2018 was US$26.721 billion as shown in the table below by product category:

                                                                           (USD billions)

Product Category

Turnover

Options

11.907

Futures

8.616

Swaps

6.073

Margin account trading

0.125

Total

26.721

 

 

 

 

 

 

 

Notes:

1.    In order to provide time series data for statistical analysis, the CBC will stop issuing the press release “Monthly Overview of Offshore Banking Units (OBUs)” from January 2019.  Instead, the Bank will update the following datasets on a monthly basis using the “Government Open Data Platform” (https://data.gov.tw/) with data backtracked to January 2007:

(1)    Number and financial conditions of OBUs

(2)    Turnovers of Foreign Exchange Trading and Derivative Products Trading

The two datasets can also be accessed through the CBC website https://www.cbc.gov.tw/lp.asp?ctNode=1165&CtUnit=663&BaseDSD=7&mp=2