The Case Study - Seylan Bank

214Seylan Bank PLC Annual Report 2009Notes to the Consolidated Financial StatementsParty/PartiesAccommodatedName of Director/Key ManagementPersonnelRelationshipDeposit Aggregate Amount of Accommodationoutstanding as at 31.12.2009Rs. Mn.Nature ofAccommodationLimitRs. Mn.FundedRs. Mn.Non-FundedRs. Mn.Interest inSuspenseProvisionfor the YearRs. Mn.Bad &DoubtfulDebtProvisionfor the YearRs. Mn.Lanka Orix Leasing Mr. I.C. Nanayakkara Time DepositCompany PLC Deputy Chairman (USD 2,840,678.09) 324.832 Short-Term Loan 640.000 440.000Savings Account 0.004 Overdraft 20.000 0.162Demand Deposit 2.284 Trust Receipt 135.000327.120 Revolving Lease 180.000 44.337Letters of Credit Usance 10.000Post-Dated ChequeFacility 5.00990.00 484.499Lien over fixed deposit for USD 2,840,678.09 (Commercial Paper Loan at Treasury)Assignment over factoring and lease receivables.Commercial Paper for Rs. 600.0 Mn. (to be provided at the time of issuance)Commercial Paper Agreement.Assignment over lease agreements for Rs. 625.0 Mn.Absolute ownership over motor vehicles to be leased.Special Power of Attorney for Rs. 10.0 Mn. over lease agreement for Rs. 15.0 Mn.Lien over special foreign currency account USD 356,043.79 (Revolving Short-Term Loan)No. of Voting Shares 66No. of Non-Voting Shares 19,733,400Ishara Traders(Pvt) LimitedMr. I.C. NanayakkaraDirector Demand Deposit 0.01 Overdraft 800.000 0.7760.01 800.000 0.776Mortgage and Power of Attorney over a basket of quoted Blue-Chip Company Shares.MaturataPlantations LimitedMr. I.C. NanayakkaraDirector Overdraft 125.000 39.318Term Loan (PSRP I) 41.911 41.911Mr. A.L. DevasurendraDirector Term Loan (PSRP II) 18.737 18.737Term Loan (PSRP III) 2.274 2.274Term Loan (PSRP IV) 10.600 10.500Term Loan (PSRP V) 13.732 13.732Term Loan (EFRIENDS) 0.380 0.380Term Loan (IV) 6.000 6.000Term Loan (V) 10.600 10.600Short-Term Loan 3.000 3.000Term Loan (Tea Relief) 43.748 43.748Term Loan (Tea Relief) 26.000 NILGuarantee 2.000 1.250303.982 190.200 1.250