Barclays 2014 Annual Report Download - page 206

204 I Barclays PLC Annual Report 2014 barclays.com/annualreport
Risk performance
Funding risk – Liquidity
Risk review
Liquidity management at BAGL Group (audited)
Liquidity risk is managed separately at BAGL Group due to local currency, funding and regulatory requirements.
In addition to the Group liquidity pool, as at 31 December 2014, BAGL Group held £7bn (2013: £4bn) of liquidity pool assets against BAGL-specific
anticipated stressed outflows. The liquidity pool consists of South African government bonds and Treasury bills.
The BAGL loan to deposit ratio as at 31 December 2014 was 102% (2013: 103%).
As at 31 December 2014, BAGL had £9bn of wholesale funding outstanding (2013: £9bn), of which £5bn matures in less than 12 months
(2013: £6bn).
Additional information on liquidity management at BAGL can be found in the Barclays Africa Group Annual Report.
Contractual maturity of financial assets and liabilities (audited)
The table below provides detail on the contractual maturity of all financial instruments and other assets and liabilities. Derivatives (other than
those designated in a hedging relationship) and trading portfolio assets and liabilities are included in the ‘on demand’ column at their fair value.
Liquidity risk on these items is not managed on the basis of contractual maturity since they are not held for settlement according to such maturity
and will frequently be settled before contractual maturity at fair value. Derivatives designated in a hedging relationship are included according to
their contractual maturity.
Financial assets designated at fair value in respect of linked liabilities to customers under investment contracts have been included in other assets
and other liabilities as the Group is not exposed to liquidity risk arising from them; any request for funds from creditors would be met by
simultaneously liquidating or transferring the related investment.