175
Financial Information and Risk
Management
İş Bankası
Annual Report 2013
TÜRKİYE İŞ BANKASI A.Ş.
Notes to the Unconsolidated Financial Statements
for the Year Ended 31 December 2013
Securitization deals:
The Bank obtained funds by way of putting on securitization deals all its claims and receivables based on diversified payment rights
in USD, EUR and GBP through TIB Diversified Payment Rights Finance Company, and all its claims and receivables based on FC debit
and credit card receivables through TIB Card Receivables Funding Company Limited, both of which are special purpose vehicles
established abroad.
Information on funds received through securitization are given below.
Date
Special Purpose Vehicle (SPV)
Amount
Final
Maturity
Remaining Debt Amount
as at 30 September 2013
November 2004 TIB Diversified Payment Rights Finance Company USD 600,000,000 7-10 years USD 16,000,000
December 2005 TIB Card Receivables Funding Company Limited USD 350,000,000 8 years
(1)
USD 9,462,517
June 2006
TIB Diversified Payment Rights Finance Company USD 800,000,000 5-8 years
USD 43,000,000
March 2007
TIB Diversified Payment Rights Finance Company USD 550,000,000 7-8 years
USD 37,000,000
October 2011 TIB Diversified Payment Rights Finance Company USD 75,000,000 5 years
USD 75,000,000
October 2011 TIB Diversified Payment Rights Finance Company EUR 160,000,000 5-7 years
EUR 160,000,000
June 2012
TIB Diversified Payment Rights Finance Company USD 225,000,000 5 years
USD 225,000,000
June 2012
TIB Diversified Payment Rights Finance Company EUR 125,000,000 12 years
EUR 125,000,000
December 2013 TIB Diversified Payment Rights Finance Company USD 50,000,000 5 years
USD 50,000,000
December 2013 TIB Diversified Payment Rights Finance Company EUR 185,000,000 5-12 years EUR 185,000,000
(1)
The maturity date is 06.01.2014.
d.
Information on Debt Securities Issued (Net):
Current Period
Prior Period
TL
FC
TL
FC
Bills
3,896,072
158,658 3,423,236
Bonds
1,256,840 4,783,856
1,142,891
1,797,989
Total
5,152,912
4,942,514 4,566,127
1,797,989
e.
Concentration of the liabilities of the Bank:
Bank’s liabilities come from 57% of deposits, 10% of the funds provided under repurchase agreements, 8% of funds borrowed
and 6% of the secondary subordinated securities loans. Deposits, having different properties are spread across a large customer
base. The borrowings, on the other hand, are comprised of various funds obtained from financial institutions through syndication,
securitization, post-financing and money market operations. No risk concentration exists related to the Bank’s liabilities
f.
Information on Other Liabilities:
Other liabilities do not exceed 10% of the balance sheet total.
g.
Information on Lease Payables (net):
The Bank does not have any lease payables.
