Monthly Overview of Offshore Banking Units (OBUs)
Central Bank of the Republic of China (Taiwan)
PRESS RELEASE Release Date: August 2, 2013
Monthly Overview of Offshore Banking Units (OBUs)
Number of OBUs and Total Assets As of June 30, 2013, there were 63 OBUs with total assets of US$150.261 billion, an increase of US$2.257 billion or 1.5% from the previous month(1). 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) |
128.420 |
21.841 |
150.261 |
|
% of combined assets |
85.5% |
14.5% |
100.0% |
Uses and Sources of Funds At the end of June, the primary uses of funds of all OBUs were loans, which amounted to 75.988 billion or 50.6% of total assets. The main sources of funds were vostro account– head office & branches, which amounted to 66.951 billion or 44.6% 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 Nostro account – head office & branches Other assets |
75.988 24.114 21.738 14.876 13.545 |
50.6 16.0 14.5 9.9 9.0 |
Vostro account – head office & branches Deposits Due to banks Other liabilities Equity of head office |
66.951 46.179 21.227 13.889 2.015 |
44.6 30.7 14.1 9.3 1.3 |
|
Total |
150.261 |
100.0 |
Total |
150.261 |
100.0 |
Destination and Origin of Funds As of June 30, Asia was the main destination and origin of funds. The following table provides a geographical breakdown:
(%)
|
Region |
Destination |
Origin |
|
Asia |
58 |
64 |
|
America |
29 |
20 |
|
Europe |
7 |
9 |
|
Other regions |
6 |
7 |
|
Total |
100 |
100 |
Loans The total value of all outstanding loans made by all OBUs at the end of June 2013 was US$75.988 billion, the composition of which is as follows:
|
Client |
Duration |
Outstanding Value (USD billions) |
% of |
|
Overseas |
Medium and long-term |
44.022 |
99.8% |
|
Short-term |
31.837 | ||
|
Local |
All terms |
0.129 |
0.2% |
|
Total |
75.988 |
100.0% | |
Turnover of Foreign Exchange Trading The data on the turnover of foreign exchange trading by all OBUs for the month of June is provided below:
(USD billions)
|
Spot |
Forwards |
Swaps |
Total |
|
23.942 |
7.157 |
9.360 |
40.459 |
Volume of Export and Import Related Business The volume of export and import related banking business of all OBUs in June 2013 were US$33.171 billion and US$28.246 billion, respectively.
Turnover of Derivative Products Trading The turnover of derivative products trading by all OBUs in June 2013 was US$56.256 billion as shown in the table below by product category:
(USD billions)
|
Product Category |
Turnover |
|
Options |
44.702 |
|
Futures |
9.828 |
|
Swaps |
1.167 |
|
Credit derivatives |
0.356 |
|
Margin account trading |
0.195 |
|
Forward contracts |
0.008 |
|
Total |
56.256 |
___________
Notes:
1.The financial reports submitted to the Bank by OBUs have been simultaneously revised in accordance with the adoption of IFRSs by the public listed banks in Taiwan, effective from January 2013. To ensure the consistency on a comparative basis, starting this period, total assets will be compared with that of the preceding month.
2.The next release will be made at 16:20 p.m. on September 4, 2013.