Prospectus for the Debenture - Asha Phillip Securities Limited - Sri ...

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(iii) Contingencies and Commitments Guarantees and Other Material Contingent Liabilities as at 31 August 2011 In the normal course of business, the Bank makes various commitments and incurs contingent liabilities with legal recourse to its customers. These commitments are quantified below. LKR ‘000 Acceptance and documentary credit 209,111,281 Bills For collection 2,924,825 Guarantees 58,778,645 Forward Exchange Contract 54,036,689 Other Commitments 89,313 Rs.324,940,753 Mortgages and Charges on the Assets of BOC The following assets have been pledged by BOC as security as at 31 August 2011 Assets Value LKR ‘000 Treasury Bills 22,102,583 Treasury Bonds 35,578,387 c) Convertible Debt Securities The Bank does not have any convertible debt securities in issue. 4.4 Patents, Brands & Trade Marks Products and Services Deposits Local Currency Deposit Accounts Normal Savings - General purpose savings account for anyone above 18 years of age. Ran Kekulu - Higher interest, scholarships for grade 5 scholarship winners, free insurance policies for both, the child and account holder and many more benefits. 14+ Teen Savings - Unique savings scheme ideal for teenagers which could be operated by themselves, free VISA Electron Card. 18+ Youth Savings - Life insurance cover to a maximum of Rs. 500,000 and special insurance cover for partial disability and illness, a gold coin for the wedding and Ran Kekulu for first born, scholarships for higher education, special facilities and many more benefits. Sisu Saviya Savings - To encourage savings among school children. Kantha Ran Ginum - Higher interest, Free insurance policy cover up to Rs. 500,000 (Life & Accident cover), loan facilities at special interest rate, Apsara Visa Credit Card. Senior Citizens Savings - Assured monthly payments during the retirement as per agreed plan. Senior Citizens Fixed Deposits – Monthly interest payment at a higher rate. B O C DEBENTURE PROSPECTUS 26
Special Purpose Accounts Ran Govi Thenpathu - To promote savings habit among farmer community. Ranaviru Ran Ginum - Specially designed savings account for staff in the armed forces. Samurdhi Savings - To encourage savings among lower income groups. Specially designed with higher interest rate. Dheevara Thenpathu - Specially designed for the fishing community. Prestige+Current Account – Personalised cheque book, free Visa Electron debit card with a withdrawal limit of Rs. 100,000,free BoC credit card, Internet banking, SMS banking facilities. BoC Infinity - Ability to choose the retirement benefits in multiplies of Rs. 10,000. BoC Vishrama - Flexible investment opportunity for cash in hand. Maturity Deposits 7-day Call Deposits Savings Certificates - Ideal short-term investment, instant loans and overdrafts, Interest paid upfront, no stamp duty/ withholding tax, encashment at any branch. Fixed Deposits - General purpose fixed deposits for anyone over 18 years of age. Moving Rate Fixed Deposits - Ability to receive different interest rates depending on the period. Senior Citizens Fixed Deposits - Deposit with special interest rates for senior citizens. BoC Smart Saver - Protection against interest rate fluctuations Securities Investment Account (SIA) - To invest in treasury bills/treasury bonds issued by Government of Sri Lanka/equity capital of companies incorporated in Sri Lanka/units of unit trusts in Sri Lanka. Flexi Fixed Deposits- BOC FlexiCard brings flexibility to Fixed Deposits, keeping you in control of your money. Foreign Currency Deposit Accounts NRFC Accounts NRFC Savings and Fixed Deposits Transactions in 9 currencies, free life insurance cover, 'BoC Sarani' housing loan and other loan facilities, no commission charges for foreign currency inward remittances, e-banking facilities, international and local Visa debit/credit cards, tax exemptions for interest earnings. Foreign Currency Savings Account for Professional Service Providers Foreign Currency Fixed Deposit for Professional Service Providers Foreign Currency Current Account for Professional Service Providers RFC Accounts RFC Savings and Fixed Deposits Transactions in 9 currencies, attractive interest rates, loan facilities, credit card and VISA Electron debit card. Tax exemptions for interest earnings. Ran Kekulu Foreign Currency - Transactions in 9 currencies, bonus interest. B O C DEBENTURE PROSPECTUS 27
Page 2 and 3: ` ISSUE OF 40,000,000 UNSECURED SUB
Page 4 and 5: This Prospectus is dated 15 th Nove
Page 6 and 7: CORPORATE INFORMATION Issuer : Bank
Page 8 and 9: Opening Date : 29 th November 2011
Page 10 and 11: 7 Corporate Management 54 8. Proper
Page 12 and 13: LKR : Sri Lankan Rupees MN : Millio
Page 14 and 15: 2.2 Subscription List Subject to th
Page 16 and 17: Repayment before the maturity of th
Page 18 and 19: 2.12 Listing b. The Debentures shal
Page 20 and 21: c) Only one type of Debentures shou
Page 22 and 23: 3. Any application form, which does
Page 24 and 25: 4. OVERVIEW OF THE BANK Vision of t
Page 26 and 27: Board of Directors Operational Stru
Page 28 and 29: 2006 - Wins IBM/FISERV prize for th
Page 30 and 31: PERFORMANCE SNAPSHOT Total assets v
Page 32 and 33: 4.2 Principal activities The Bank p
Page 34 and 35: Note 01- Details of Debenturs I. Un
Page 38 and 39: Other Accounts Resident Non-Nationa
Page 40 and 41: 4.5 Key Customers and suppliers BOC
Page 42 and 43: 4.8 Employees The permanent staff s
Page 44 and 45: 5. THE BOARD OF DIRECTORS 5.1 The d
Page 46 and 47: Mr. K. L. Hewage ( Director ) Bache
Page 48 and 49: 6. EXTRACTS FROM THE CORPORATE GOVE
Page 50 and 51: c) Identify the principal risks and
Page 52 and 53: (b) In this context, the following
Page 54 and 55: 3 (5) (iii) The Board shall disclos
Page 56 and 57: (l) The Chief Finance Officer, the
Page 58 and 59: (b) The creation of any liabilities
Page 60 and 61: 3 (9) (ii) In respect of the banks
Page 62 and 63: Opportunities and threats; Risks an
Page 64 and 65: 7. CORPORATE MANAGEMENT NAME DESIGN
Page 66 and 67: 8. PROPERTIES Details of the Proper
Page 68 and 69: Declaration by the Directors We the
Page 70 and 71: EXTRACTS FROM THE BANK OF CEYLON OR
Page 72 and 73: To lend and (e) To lend and advance
Page 74 and 75: in certain accommodation or that su
Page 76 and 77: (c) The proceedings and resolutions
Page 78 and 79: Person acting in his place. Remuner
Page 80 and 81: NOW THIS DEED WITNESSETH AND IT IS
Page 82 and 83: shall be notified by BOC to the Col
Page 84 and 85: (i) As an when Debentures ought to
Page 86 and 87:
In the case of Approved Provident F
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Clause above. In the event BOC defa
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(vi) Whether or not there has been
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14. APPLICATION OF MONIES RECEIVED
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(j) The Trustee shall not be liable
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(iv) The Trustee is in the situatio
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(ii) in order to comply with any of
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B O C DEBENTURE PROSPECTUS 90
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NORTH WESTERN PROVINCE Alawwa 037-2
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MEMBERS AND TRADING MEMBERS OF THE
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TRADING MEMBERS - DEBT First Capita
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Kandy 2 nd City Branch 22, Dalada v
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Nikaweratiya Branch & Managers Quar
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INCOME STATEMENT For the year ended
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STATEMENT OF CHANGES IN EQUITY Bank
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CASH FLOW STATEMENT For the year en
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SIGNIFICANT ACCOUNTING POLICIES 1.
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Transnational Lanka Records Solutio
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Assets and liabilities are translat
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those countries. 3.7.2 Deferred Tax
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Period outstanding Classification r
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4.3.1 Investments in Subsidiaries I
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Freehold Building Over 40 years Off
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‘Investment Property’, in accou
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minimum of ten years of continuous
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6.1.6 Dividend Income Dividend inco
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7. ISLAMIC BANKING POLICIES Islamic
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NOTES TO THE FINANCIAL STATEMENTS F
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NOTES TO THE FINANCIAL STATEMENTS (
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NOTES TO THE FINANCIAL STATEMENTS 1
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NOTES TO THE FINANCIAL STATEMENTS A
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NOTES TO THE FINANCIAL STATEMENTS N
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NOTES TO THE FINANCIAL STATEMENTS S
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NOTES TO THE FINANCIAL STATEMENTS P
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204
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Total revenue 32,767,904 29,537,920
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For the six months ended Stated Cap
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As at 30-Jun-2011 31-Dec-2010 (Audi
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DEBENTURE INFORMATION Description I
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SEGMENTAL ANALYSIS - GROUP Banking
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DIRECTORS’ INTERESTS IN CONTRACTS
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DIRECTORS’ INTERESTS IN CONTRACTS
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