Investor Presentaiton
MORGAN STANLEY BANK ASIA LIMITED
NOTES TO THE FINANCIAL STATEMENTS
Year ended 31 December 2020
33.
RELATED PARTY DISCLOSURES (CONTINUED)
Transactions with related parties (continued)
Cash
The Company receives deposits from other Morgan Stanley Group undertakings. All such transactions
are entered into on an arm's length basis.
2020
2019
Interest
US$'000
Balance
US$'000
Interest
US$'000
Balance
US$'000
Amounts due to other Morgan
Stanley Group undertakings
434
527
127
Funding
The Company provides funding to other Morgan Stanley Group undertakings in the following form:
General funding
General funding is undated, unsecured, floating rate lending, other than certain funding which is dated
on a rolling 395 day term. Funding may be received or provided for specific transaction related funding
requirements, or for general operational purposes. The interest rates are established by the Morgan
Stanley Group Treasury function for all entities within the Morgan Stanley Group and approximate the
market rate of interest that the Morgan Stanley Group incurs in funding its business.
Details of the outstanding balances on these funding arrangements and the related interest income or
expense recognised in the income statement during the year are shown in the table below:
Rolling 395 day term
Amounts due from other Morgan
Stanley Group undertakings
2020
2019
Interest
US$'000
Balance
US$'000
Interest
US$'000
Balance
US$'000
1,901
69,401
The Company has recognised US$37,000 (2019: US$Nil) of expense, and US$37,000 of provision for
impairment relating to ECL (2019: US$Nil, relating to incurred loss impairment) on the above
outstanding balance from a related party.
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