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
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