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