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 |
Duration |
Outstanding Value (USD billions) |
% of |
|
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.