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Mega ICBC
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13.
SIGNIFICANT CONTINGENT LIABILITIES AND UNRECOGNISED CONTRACT COMMITMENTS
(1)
As of December 31, 2015 and 2014, the Bank and its subsidiaries had the following commitments and contingent liabilities not reflected in
the above mentioned financial statements:
December 31, 2015
NT$
US$
Irrevocable loan commitments
$
107,490,342 $
3,268,376
Securities sold under repurchase agreement
548,152
16,667
Securities purchased under resale agreement
9,437,084
286,946
Credit card line commitments
58,618,656
1,782,372
Guarantees issued
217,349,493
6,608,778
Letters of credit
55,498,669
1,687,505
Customers’ securities under custody
208,886,695
6,351,456
Properties under custody
3,458,696
105,166
Guarantee effects
142,259,758
4,325,583
Collections for customers
106,021,245
3,223,706
Agency loans payable
1,295,073
39,378
Travelers’ checks consigned-in
1,877,590
57,090
Gold coins consigned-in
449
14
Goods and tickets consignments-in
2,490
76
Agent for government bonds
159,934,200
4,862,996
Short-dated securities under custody
105,969,903
3,222,145
Trust liability
534,133,051
16,240,971
Certified notes paid
6,528,240
198,499
Risk tolerance amount
440,243
13,386
December 31, 2014
NT$
Irrevocable loan commitments
$
115,658,649
Securities sold under repurchase agreement
50,326,499
Securities purchased under resale agreement
5,851,418
Credit card line commitments
55,475,284
Guarantees issued
229,194,323
Letters of credit
64,938,712
Customers’ securities under custody
198,411,865
Properties under custody
3,448,120
Guarantee effects
69,516,039
Collections for customers
108,844,402
Agency loans payable
1,669,033
Travelers’ checks consigned-in
1,896,997
Gold coins consigned-in
453
Goods and tickets consignments-in
2,598
Agent for government bonds
121,688,800
Short-dated securities under custody
47,405,741
Investments for customers
179,661
Trust liability
511,407,300
Certified notes paid
7,855,405
Risk tolerance amount
2,747,150
14.
SIGNIFICANT DISASTER LOSS
None.
15.
SIGNIFICANT SUBSEQUENT EVENT
On January 20, 2016, the Bank received NT$1,717,260 thousand as compensation for Taiwan High Speed Rail Corporation’s preferred stock
dividends including interest charged due to the delayed payment. Please refer to Note 6(9) for details.
16.
OTHERS
(1)
Information for financial assets transfers and liabilities extinguishing
None.
(2)
Significant adjustment of organization and significant changes of management system
On November 6, 2015, the Bank’s Board of Directors resolved to dissolve the Overdue Loan & Control Department. However, in order to
promote a smooth integration, experienced personnel were retained. Former positions and staff of the Overdue Loan & Control Department
were all transferred to the Credit Control Department, thereby integrating the Bank’s credit management, subsequent loan management and
delinquent collection businesses into the same unit for comprehensive operations.
(3)
Significant impact arising from changes in government laws and regulations
None.
(4)
Information for Company’s share held by subsidiaries
None.
(5)
Information for private placement securities
For information on current year private placement securities, please refer to Note 6(22)
(6)
Information for discontinued operations
None.