$
CONFIDENTIAL
102151
MDHIAN 5889
PER CENT OF EACH INDIVIDUAL'S DEPOSIT, UP TO A SPECIFIED CEILING.
15. THE BCCI CLOSURE HAS LED TO RUNS ON TWO LOCAL BANKS DAO HENG AND THE INTERNATIONAL BANK OF ASIA (IBA) WHICH ALSO HAVE ARAB SHAREHOLDERS. BOTH ARE, HOWEVER, SOUNDLY BASED. THE EXCHANGE FUND HAS PROVIDED A STAND-BY CREDIT FACILITY TO ENSURE THAT THEY REMAIN IN A SUFFICIENTLY LIQUID STATE TO ENABLE THEM TO MEET THESE DEMANDS FOR CASH. THE IBA HAS NOT YET NEEDED TO MAKE USE OF
THIS FACILITY.
WILSON
YYYY
ΜΑΙΝ
18
LIMITED HKD
PS/LORD CAITHNESS
NNNN
DISTRIBUTION
18
SIR J COLES
MR BURNS