The Case Study - Seylan Bank

130Seylan Bank PLC Annual Report 2009CompanyLanka ORIXLeasing Co. PLCName of Director &RelationshipMr. I.C. NanayakkaraDeputy ChairmanNature ofTransactionShort-TermLoanOverdraftTrustReceiptRevolvingLeaseLetterof CreditUsancePost-DatedChequeFacilityAggregate Amount ofAccommodation as at31.12.2009LimitRs. Mn.640.00020.000135.000180.00010.0005.000OutstandingRs. Mn.440.0000.162–44.337––SecurityLien over fixed deposit forUSD 2,840,678/09.Lien over special foreigncurrency account of USD356,043/79.Assignment over factoring andlease receivables.Commercial Paper for Rs. 600.0Mn. (to be provided at the time ofissuance).Commercial Paper Agreement.Assignment over leaseAgreements for Rs. 625.0 Mn.Absolute ownership over motorvehicles to be leased.Ishara Traders(Pvt) LimitedMr. I.C. NanayakkaraDirectorTotal 990.0 484.499Special Power of Attorney forRs. 10.0 Mn. over leaseagreement for Rs. 15.0 Mn.Overdraft 800.000 0.776 Mortgage and Power of Attorneyover shares of several blue-chipcompanies.