TIDM57HB
RNS Number : 0797A
Hongkong & Shanghai Banking Corp Ld
21 March 2017
36 Offsetting of financial assets and financial liabilities
Amounts subject to enforceable netting
arrangements
--------------------------------------------------------------------------
Effects of offsetting
in the balance Amounts not offset in Amounts
sheet the balance sheet not
---------------------------- --------------------------------------------
Amounts subject
reported to
Amounts in the enforceable Balance
Gross offset balance Financial Non-cash Cash Net netting sheet
amounts sheet instruments collateral collateral amount arrangements(1) total
HK$m HK$m HK$m HK$m HK$m HK$m HK$m HK$m HK$m
2016
Financial
assets
Derivatives..
.............
.............
.............
.............
... 528,961 (72,599) 456,362 (339,755) (19,420) (38,762) 58,425 23,445 479,807
Reverse repos,
stock
borrowing and
similar
agreements
classified
as: 451,804 (2,358) 449,446 - (446,189) (455) 2,802 14,608 464,054
------- -------- --------- ----------- ---------- ---------- ------- ---------------- ----------
- trading
assets
...........
...........
...........
...........
... 1,393 - 1,393 - (1,387) - 6 - 1,393
-
non-trading
assets
...........
...........
...........
...... 450,411 (2,358) 448,053 - (444,802) (455) 2,796 14,608 462,661
Loans and
advances
to customers
at amortised
cost.........
.............
.............
.............
.............
.... 15,042 (15,042) - - - - - - -
------- -------- --------- ----------- ---------- ---------- ------- ---------------- ----------
995,807 (89,999) 905,808 (339,755) (465,609) (39,217) 61,227 38,053 943,861(2)
------- -------- --------- ----------- ---------- ---------- ------- ---------------- ----------
Financial
liabilities
Derivatives
.............
.............
.............
.............
.... 511,784 (72,599) 439,185 (339,755) (6,286) (49,836) 43,308 23,273 462,458
Repos, stock
lending
and similar
agreements
classified
as: 62,679 (2,358) 60,321 - (60,079) (2) 240 12,590 72,911
------- -------- --------- ----------- ---------- ---------- ------- ---------------- ----------
- trading
liabilities
...........
...........
...........
......... 142 - 142 - (142) - - - 142
-
non-trading
liabilities
...........
...........
...........
. 62,537 (2,358) 60,179 - (59,937) (2) 240 12,590 72,769
Customer
accounts
at amortised
cost
.............
.... 15,042 (15,042) - - - - - - -
------- -------- --------- ----------- ---------- ---------- ------- ---------------- ----------
589,505 (89,999) 499,506 (339,755) (66,365) (49,838) 43,548 35,863 535,369(3)
------- -------- --------- ----------- ---------- ---------- ------- ---------------- ----------
36 Offsetting of financial assets and financial liabilities
(continued)
Amounts subject to enforceable netting
arrangements
--------------------------------------------------------------------------
Effects of offsetting
in the balance Amounts not offset in Amounts
sheet the balance sheet not
---------------------------- --------------------------------------------
Amounts subject
reported to
Amounts in the enforceable Balance
Gross offset balance Financial Non-cash Cash Net netting sheet
amounts sheet instruments collateral collateral amount arrangements(1) total
HK$m HK$m HK$m HK$m HK$m HK$m HK$m HK$m HK$m
2015
Financial
assets
Derivatives
.............
.............
.............
.............
... 390,543 (40,636) 349,907 (285,735) (7,835) (23,322) 33,015 31,048 380,955
Reverse repos,
stock
borrowing and
similar
agreements
classified
as: 350,318 (4,109) 346,209 - (345,629) (373) 207 22,254 368,463
------- -------- --------- ----------- ---------- ---------- ------- --------------- ----------
- trading
assets
...........
...........
...........
...........
... 182 - 182 - (177) - 5 171 353
-
non-trading
assets
...........
...........
...........
...... 350,136 (4,109) 346,027 - (345,452) (373) 202 22,083 368,110
------- -------- --------- ----------- ---------- ---------- ------- --------------- ----------
Loans and
advances
to customers
at amortised
cost 15,032 (15,032) - - - - - - -
------- -------- --------- ----------- ---------- ---------- ------- --------------- ----------
755,893 (59,777) 696,116 (285,735) (353,464) (23,695) 33,222 53,302 749,418(2)
------- -------- --------- ----------- ---------- ---------- ------- --------------- ----------
Financial
liabilities
Derivatives
.............
.............
.............
.............
... 381,116 (40,636) 340,480 (285,735) (3,411) (30,356) 20,978 28,939 369,419
Repos, stock
lending
and similar
agreements
classified
as: 59,083 (4,109) 54,974 - (54,848) (3) 123 5,628 60,602
------- -------- --------- ----------- ---------- ---------- ------- --------------- ----------
- trading
liabilities
...........
...........
...........
......... 501 - 501 - (497) - 4 - 501
-
non-trading
liabilities
...........
...........
...........
. 58,582 (4,109) 54,473 - (54,351) (3) 119 5,628 60,101
------- -------- --------- ----------- ---------- ---------- ------- --------------- ----------
Customer
accounts
at amortised
cost
.............
.... 15,032 (15,032) - - - - - - -
------- -------- --------- ----------- ---------- ---------- ------- --------------- ----------
455,231 (59,777) 395,454 (285,735) (58,259) (30,359) 21,101 34,567 430,021(3)
------- -------- --------- ----------- ---------- ---------- ------- --------------- ----------
1 These exposures continue to be secured by financial
collateral, but we may not have sought or been able to obtain a
legal opinion evidencing enforceability of the offsetting
right.
2 Amounts presented in the balance sheet included balances due
from Group companies of HK$254,849m (2015: HK$239,795m).
3 Amounts presented in the balance sheet included balances due
to Group companies of HK$160,702m (2015: HK$152,261m).
Financial assets and financial liabilities are offset and the
net amount is reported in the balance sheet when there is a legally
enforceable right to offset the recognised amounts and there is an
intention to settle on a net basis, or realise the asset and settle
the liability simultaneously ('the offset criteria').
The 'Amounts not offset in the balance sheet' for derivatives
and reverse repurchase/ repurchase, stock borrowing/ lending and
similar arrangements include transactions where:
-- the counterparty has an offsetting exposure with the group
and a master netting or similar arrangement is in place with a
right of set off only in the event of default, insolvency or
bankruptcy, or the offset criteria are otherwise not satisfied;
and
-- cash and non-cash collaterals are received and pledged in
respect of the transactions described above.
This information is provided by RNS
The company news service from the London Stock Exchange
END
ACSLLFSLVLILFID
(END) Dow Jones Newswires
March 21, 2017 07:59 ET (11:59 GMT)
Hsbc Frn Var3 (LSE:57HB)
Gráfica de Acción Histórica
De Nov 2024 a Dic 2024
Hsbc Frn Var3 (LSE:57HB)
Gráfica de Acción Histórica
De Dic 2023 a Dic 2024
