| (c) | Consolidated structured entities |
Consolidated structured entities are as follows:
|
Category |
Consolidated structured entities |
Description | ||
| Trust |
18 trusts managed by Shinhan Bank including development trust |
A trust is consolidated when the Group as a trustee is exposed to variable returns, for example, if principle or interest amounts of the entrusted properties falls below guaranteed amount, the Group should compensate it; and the Group has the ability to affect those returns. | ||
|
Asset-Backed Securitization |
MPC Yulchon Green I and 89 others |
An entity for asset backed securitization is consolidated when the Group has the ability to dispose assets or change the conditions of the assets, is exposed to variable returns and has the ability to affect the variable returns providing credit enhancement and purchases of subordinated securities. | ||
| Structured Financing |
SHPE Holdings One Co., Ltd. and 2 others |
An entity established for structured financing relating to real estate, shipping, or mergers and acquisitions is consolidated, when the Group has granted credit to the entity, has sole decision-making authority of these entities due to the entities default, and is exposed to, or has rights to related variable returns. | ||
| Investment Fund |
KoFC Shinhan Frontier Champ 2010-4 PEF and 73 others |
An investment fund is consolidated, when the Group manages or invests assets of the investment funds on behalf of other investors, or has the ability to dismiss the manager of the investment funds, and is exposed to, or has rights to, the variable returns. | ||
As of December 31, 2017, the Group provides credit enhancement for the consolidated structured entities providing ABCP purchase commitment amounting to W1,900,646 million for the purpose of credit enhancement of the structure entities.