HSBC 2003 Annual Report Download - page 263

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13 Hong Kong currency notes in circulation
The Hong Kong currency notes in circulation are secured by the deposit of funds in respect of which the
Government of Hong Kong certificates of indebtedness are held.
14 Credit risk management
HSBC’ s credit risk management process is discussed in the ‘Financial Review’ in the section headed ‘Credit risk
management’ on pages 136 to 138, ending with the sentence ‘Internal audit will discuss with management
….assigned to the facilities concerned’ .
15 Loans and advances to banks
2003 2002
US$m US$m
Remaining maturity:
Repayable on demand .................................................................................................................. 25,289 19,211
3 months or less but not repayable on demand ............................................................................. 77,188 63,526
1 year or less but over 3 months ................................................................................................... 10,879 9,536
5 years or less but over 1 year ...................................................................................................... 1,454 1,211
Over 5 years ................................................................................................................................. 2,387 2,035
Specific bad and doubtful debt provisions (Note 17) ........................................................................ (24
)
(23
)
117,173 95,496
Amounts include:
Due from associates
– unsubordinated .......................................................................................................................... 21 53
16 Loans and advances to customers
2003 2002
US$m US$m
Remaining maturity:
Repayable on demand or at short notice ....................................................................................... 60,331 48,463
3 months or less but not repayable on demand or at short notice .................................................. 94,001 74,193
1 year or less but over 3 months ................................................................................................... 63,648 41,444
5 years or less but over 1 year ...................................................................................................... 142,814 97,068
Over 5 years ................................................................................................................................. 181,874 100,293
General and specific bad and doubtful debt provisions (Note 17) .................................................... (13,691
)
(9,117
)
528,977 352,344
Amounts include:
Subordinated advances ................................................................................................................. 202 187
Securitised advances not qualifying for linked presentation under FRS 5
(‘Reporting the substance of transactions’) .............................................................................. 26,640 655
Due from joint ventures
Unsubordinated ............................................................................................................................ 65 61
Due from associates
Subordinated ................................................................................................................................ 35 29
Unsubordinated ............................................................................................................................ 464 460
Loans and advances to customers included US$824 million (2002: US$155 million) of repossessed real estate and
other assets.