UOB Annual Report 2002 - United Overseas Bank

The Group – 2001
Over 7 Over Over Over Non-
Up to Days to 1 to 3 3 to 12 1 to 3 Over Specific
Total 7 Days 1 Month Months Months Years 3 Years Maturity
$’000 $’000 $’000 $’000 $’000 $’000 $’000 $’000
Liabilities
Current, fixed,
savings accounts
and other
deposits of
non-bank
customers 74,451,684 29,808,547 19,585,026 11,491,515 13,029,302 375,723 161,571 –
Deposits and
balances of
banks and
agents, and
bills and drafts
payable 18,218,984 5,906,780 4,390,738 5,176,448 2,745,018 – – –
Debts issued 3,639,095 – – – – – 3,639,095 –
Others 3,914,386 188,457 123,821 72,652 82,374 2,375 130 3,444,577
Liabilities
attributable
to SPE 548,546
Total liabilities 100,772,695
100,224,149 35,903,784 24,099,585 16,740,615 15,856,694 378,098 3,800,796 3,444,577
Shareholders’
funds and
minority
interests 13,115,399 – – – – – – 13,115,399
113,888,094
Net maturity
mismatch (14,656,634) (8,652,438) (7,683,721) (1,117,245) 12,767,267 24,902,182 (5,559,411)
The contractual maturity profile often does not reflect the actual behavioural patterns. In particular, the Group has a significant
amount of “core” deposits of non-bank customers which are contractually at call and thus, included in the “Up to 7 Days” time
band, but history shows that such deposits provide a stable source of long-term funding for the Group.
In addition to the above, the Group is also subject to liquidity requirements to support calls under outstanding contingent
liabilities and undrawn credit facility commitments as disclosed in Notes 38 and 40. The total outstanding contractual amounts do
not represent future cash requirements since the Group expects many of these contingent liabilities and commitments (such as
direct credit substitutes and undrawn credit facilities) to expire without being called or drawn upon, and many of the commitments
to pay third parties (such as letters of credit) are reimbursed immediately by customers.
UNITED OVERSEAS BANK 159