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)
Infrastructure services and fees and commissions (continued)
The Company earns fee and commission income from other Morgan Stanley Group undertakings for
value added services which include sales commissions and fees arising from such policies. It also incurs
fee and commission expense in respect of such services performed by other Morgan Stanley Group
undertakings. Fees and commissions received during the year are as follows:
2020
US$'000
2019
US$'000
Fees and commissions received from other Morgan Stanley
Group undertakings
400,828
258,589
Fees and commissions paid to other Morgan Stanley
Group undertakings
1,090
1,950
Amounts arising from infrastructure services and fee and commission income outstanding at the
reporting date are as follows:
2020
US$'000
2019
US$'000
Amounts due from other Morgan Stanley Group undertakings
39,714
20,283
Amounts due to the Company's direct and indirect parent
undertakings
Amounts due to other Morgan Stanley Group undertakings
These balances are undated, unsecured and non-interest bearing.
2020
US$'000
2019
US$'000
474
9,380
9,380
8,399
8,873
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