Investor Presentaiton
MORGAN STANLEY BANK ASIA LIMITED
NOTES TO THE FINANCIAL STATEMENTS
Year ended 31 December 2020
32.
POST-EMPLOYMENT BENEFITS
Defined contribution plans
The Morgan Stanley Group operates the Morgan Stanley Defined Contribution Plan (the "Plan"), which
requires contributions to be made to funds held in trust, separate from the assets of the Company. The
Plan is a defined contribution plan.
Additionally, the employees of the Branch are members of a state-managed retirement benefit plan, the
Central Provident Fund, operated by the Government of Singapore. The Branch is required to contribute
a specified percentage of payroll costs to the retirement benefit scheme to fund the benefits. The only
obligation of the Branch with respect to the retirement plan is to make the specified contributions.
The defined contribution pension charge recognised within 'Staff costs' and 'Directors' remuneration'
in 'Other expense' in the income statement was US$6,005,000 for the year (2019: US$5,644,000) of
which US$302,000 was accrued at 31 December 2020 (2019: US$243,000).
33.
RELATED PARTY DISCLOSURES
Parent and subsidiary relationships
Parent and ultimate controlling entity
The Company's immediate parent undertaking is Morgan Stanley Hong Kong 1238 Limited, which was
incorporated in Hong Kong.
The ultimate parent undertaking and controlling entity and the largest group of which the Company is a
member and for which group financial statements are prepared is Morgan Stanley. Morgan Stanley is
incorporated in the State of Delaware, the United States of America. Copies of its financial statements
can be obtained from www.morganstanley.com/investorrelations.
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