My first Publication ocbc_ar17_fullreport_english | Page 106

PILLAR 3 DISCLOSURES
(OCBC Group – As at 31 December 2017)
4.3
MAIN FEATURES OF CAPITAL INSTRUMENTS (Continued)
1
2
3 Issuer
Unique identifier (ISIN)
Governing law(s) of instrument
4
5
6
7
8
9
10
11
12
13
14
15 Regulatory treatment

Transitional Basel III rules

Post-transitional Basel III rules

Eligible at Solo/Group/Solo and Group

Instrument type
Amount recognised in regulatory capital
Par value of instrument
Accounting classification
Original date of issuance
Perpetual or dated

Original maturity date
Issuer call subject to prior supervisory approval
Optional call date, contingent call dates and
redemption amount
16
17
18 Coupons/dividends

Fixed or floating dividend/coupon

Coupon rate and any related index
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
Subsequent call dates, if applicable

Existence of a dividend stopper

Fully discretionary, partially discretionary

or mandatory

Existence of step up or other incentive to redeem

Noncumulative or cumulative
Convertible or non-convertible

If convertible, conversion trigger(s)

If convertible, fully or partially

If convertible, conversion rate

If convertible, mandatory or optional conversion

If convertible, specify instrument type

convertible into
If convertible, specify issuer of instrument it
converts into
Write-down feature

If write-down, write-down trigger(s)
OCBC MALAYSIA 6.75%
INNOVATIVE TIER 1
CAPITAL SECURITIES
OCBC Bank (Malaysia) Berhad
MYBPZ0900079
Malaysia OCBC 4.25%
SUBORDINATED NOTES
DUE 2024
Oversea-Chinese Banking Corporation Limited
US69033DAC11 (Reg S)
US69033CAC38 (144A)
England
(Save for the subordination provisions)
Singapore
(In respect of the subordination provisions)
Additional Tier 1
Ineligible
Group
Capital securities
S$59 million
MYR400 million
Liabilities - amortised cost
17 Apr 2009
Perpetual 1
No maturity 1
Yes
First call date:
17 Apr 2019 (at par)
Tax call (at par)
Regulatory call (at par)
17 Apr and 17 Oct of each year
after the first call Tier 2
Tier 2
Solo and Group
Subordinated debt
S$1,357 million
US$1,000 million
Liabilities - amortised cost
19 Jun 2014
Dated
19 Jun 2024
Yes
Tax call (at par)
Fixed to floating
6.75% p.a. up to 17 Apr 2019, and
6M KLIBOR plus
3.32% p.a. thereafter
Yes
Fully discretionary Fixed
4.25% p.a.
Yes
Cumulative 2
Nonconvertible
NA
NA
NA
NA
NA No
NA
Nonconvertible
NA
NA
NA
NA
NA
NA NA
No
NA Yes
Contractual approach
The earlier of (i) MAS determining that a write-down is
necessary; and (ii) a decision by MAS to make a public
sector injection of capital, or equivalent support,
without which the issuer would become non-viable
in both (i) and (ii)
May be written down fully or partially
Permanent
NA
Regulatory call (at par)
NA
NA
Mandatory
NA
NA
NA 36
If write-down, full or partial

If write-down, permanent or temporary
If temporary write-down, description of
write-up mechanism
Position in subordination hierarchy in liquidation
(specify instrument type immediately senior to instrument in
the insolvency creditor hierarchy of
the legal entity concerned)
Non-compliant transitioned features Yes No
37 If yes, specify non-compliant features Has no loss absorbency
when CET1 CAR falls to 7%
or below, and at the point
of non-viability
Has a step-up NA
35
Tier 2 capital instruments of
OCBC Malaysia
Unsubordinated and unsecured obligations of OCBC Bank
 edemption of the capital securities after 30 years from the issue date, if still outstanding then, is subject to regulatory approval being obtained
R
and may only be made
(2) 
Payment of any deferred coupon amount is subject to regulatory approval being obtained and may only be made from the proceeds of a fresh issuance of
preference shares. In addition, payment of any deferred coupon amount in excess of the specified limit is subject to regulatory approval.
(1)
104
OCBC ANNUAL REPORT 2017