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Monthly Overview of Offshore Banking Units (OBUs)

Central Bank of the Republic of China (Taiwan)

PRESS RELEASE                                                    Release Date: December 4, 2013

http://www.cbc.gov.tw>                                          

Monthly Overview of Offshore Banking Units (OBUs)

Number of OBUs and Total Assets     As of October 31, 2013, there were 63 OBUs with total assets of US$160.260 billion, an increase of US$1.663 billion or 1.0% 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

25

63

Total assets (USD billions)

135.172

25.088

160.260

% of combined assets

84.3%

15.7%

100.0%

 

Uses and Sources of Funds     At the end of October, the primary uses of funds of all OBUs were loans, which amounted to 81.732 billion or 51.0% of total assets.  The main sources of funds were vostro account– head office & branches, which amounted to 68.975 billion or 43.0% 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

Other assets

Nostro account – head office & branches

81.732

23.231

22.236

17.658

15.403

51.0

14.5

13.9

11.0

9.6

Vostro account – head office & branches

Deposits

Due to banks

Other liabilities

Equity of head office

68.975

49.367

24.312

14.988

2.618

43.0

30.8

15.2

9.4

1.6

Total

160.260

100.0

Total

160.260

100.0

 

Destination and Origin of Funds     As of October 31, Asia was the main destination and origin of funds.  The following table provides a geographical breakdown:

                            

                                                                                                                                                                           (%)

Region

Destination

Origin

Asia

59

64

America

27

20

Europe

7

10

Other regions

7

6

Total

100

100

 

Loans     The total value of all outstanding loans made by all OBUs at the end of October 2013 was US$81.732 billion, the composition of which is as follows:

Client
Location

Duration

Outstanding Value (USD billions)

% of
Total Loans

Overseas

Medium and long-term

45.853

99.8%

Short-term

35.749

Local

All terms

0.130

0.2%

Total

81.732

100.0%

 

Turnover of Foreign Exchange Trading     The data on the turnover of foreign exchange trading by all OBUs for the month of October is provided below:

                                                                                                                                                                 (USD billions)

Spot

Forwards

Swaps

Total

23.332

6.727

6.875

36.934

 

Volume of Export and Import Related Business     The volume of export and import related banking business of all OBUs in October 2013 were US$34.701 billion and US$33.868 billion, respectively.

Turnover of Derivative Products Trading     The turnover of derivative products trading by all OBUs in October 2013 was US$75.405 billion as shown in the table below by product category:
                                                                                                                                                         (USD billions)

Product Category

Turnover

Options

64.116

Futures

10.176

Swaps

1.040

Margin account trading

0.061

Credit derivatives

0.012

Total

75.405

 

 

___________

Notes: The next release will be made at 16:20 p.m. on January 3, 2014.