At the end of May 2008, there were 63 offshore banking units (OBUs) including 36 domestic banks and 27 foreign banks. The combined assets of all OBUs amounted to US$96.016 billion at the end of May 2008, an increase of US$13.20 billion or 15.94% compared to the same period of the previous year. Domestic bank OBUs accounted for US$69.146 billion or 72% of these combined assets, and foreign bank OBUs accounted for US$26.870 billion or 28% of the total.

The turnover of foreign exchange trading by all OBUs in May 2008 was US$13.901 billion consisting of (1) spot transactions for US$8.650 billion, (2) outright forwards for US$3.174 billion, and (3) foreign exchange swaps for US$2.077 billion.

Based on balance sheet analysis, the OBUs main sources of funds were due to related offices and deposits by financial institutions, which accounted for 63% of total liabilities including (1) due to related offices for 54%, (2) deposits by financial institutions situated locally for 5%, (3) inter-OBU deposits for 3%, and (4) deposits by financial institutions located overseas for 1%. The other sources of funds included deposits by non-financial institutions accounting for 28% of total liabilities, and other liabilities plus the equity of head office for 9%. In terms of the area of origin, Asia accounted for 71%, followed by America for 20%, Europe for 8%, and other areas for 1%.

The main uses for funds were due from related offices and deposits with financial institutions, which accounted for 49% of total assets including (1) due from related offices for 30%, (2) deposits overseas for 14%, (3) deposits with domestic OBUs for 3%, and (4) deposits with other domestic financial institutions for 2 %. The other uses of funds included (1) loans for 30%, (2) security investments for 13%, and (3) other assets for 8%. Asia was the main destination for funds, accounting for 60%, followed by America for 24%, Europe for 14%, and other areas for 2%.

The total value of all outstanding loans made by OBUs at the end of May 2008 was US$28.872 billion, of which 97% was extended to overseas clients, including long-term loans for US$16.139 billion and short-term loans for US$11.904 billion. The remaining 3% was extended to local clients for US$829 million.

The volume of export related banking business of all OBUs in May 2008 was US$20.144 billion including (1) export collection, export remittance, and accounts receivable factoring for US$18.678 billion and (2) export negotiation for US$1.466 billion. The volume of import related banking business of all OBUs was US$18.323 billion.

The turnover of other derivative products trading by all OBUs in May 2008 was US$26.933 billion including (1) financial futures for US$13.479 billion, (2) options for US$12.564 billion, (3) credit derivatives for US$632 million, (4) margin account trading for US$166 million, (5) foreign currency interest rate swaps for US$86 million, and (6) cross currency swaps（not involving the NT dollar）for US$6 million.

Note: The next dissemination will be made at 16:20 p.m. on August 7, 2008.