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Taishin Marketing<br />
Names and relationships of related parties were as follows:<br />
Name Relationship<br />
Taishin Financial Holding Parent company<br />
Taishin Bank Wholly owned by the same parent company<br />
Taishin Venture Capital<br />
Names and relationships of related parties were as follows:<br />
Name Relationship<br />
Taishin Bank Wholly owned by the same parent company<br />
33. PLEDGED ASSETS<br />
Pledged Assets Description<br />
2009<br />
December 31<br />
2008<br />
Refundable deposits Cash and certificates of time deposits $ 15,723,989 $ 12,523,179<br />
Operating deposits Cash 57,603 723,726<br />
Settlement funds Cash - 424,700<br />
Financial assets at FVTPL Bonds 61,354 50,829<br />
Available-for-sale financial assets Bonds 1,643,806 1,986,990<br />
Held-to-maturity financial assets Certificates of time deposits and bonds 6,628,682 9,064,901<br />
Property and equipment Land and buildings - 2,136,809<br />
Rental and idle assets Land and buildings - 360,414<br />
34. CONTINGENT LIABILITIES AND COMMITMENTS<br />
In addition to those mentioned in Note 6, Taishin Financial Holding and subsidiaries have the following<br />
contingent liabilities and commitments as of December 31, 2009 and 2008:<br />
2009 2008<br />
Guarantees $57,640,662 $62,750,271<br />
Letters of credit 32,868,068 24,012,954<br />
Trust liabilities 497,968,895 431,813,163<br />
Unpaid equipment purchase contracts 427,531 1,062,942<br />
Unused loan commitments (excluding credit card) 482,423,956 267,024,809<br />
Unused loan commitments (credit card only) 374,213,886 384,964,942<br />
Taishin Bank and Chang Hwa Bank entered into operating leases for their domestic branches, and main<br />
agreements of the contracts were as follows:<br />
a. The lease period ranges from one to ten years. Rental payments are made annually.<br />
b. As of December 31, 2009, the estimated future lease payments under the lease contracts were as follows:<br />
Period Amount<br />
2010 $ 822,450<br />
2011 583,063<br />
2012 413,735<br />
2013 232,825<br />
2014 131,716<br />
The Department of National Defense of Iran as the recipient requested Chang Hwa Bank to release US$15,000<br />
thousand. On August 1, 2002, the Supreme Court decided in favor of Chang Hwa Bank. The Department<br />
of National Defense of Iran filed another legal suit against Chang Hwa Bank in the Taipei District Court. On<br />
September 10, 2004, the Taipei District Court decided in favor of Chang Hwa Bank. However, the Department<br />
Financial Status<br />
165
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