HSBC 2008 Annual Report Download - page 432

HSBC HOLDINGS PLC
Notes on the Financial Statements (continued)
Notes 34, 35, 36 and 37
430
Net structural foreign exchange exposures
2008 2007
US$m US$m
Currency of structural exposure
Euro .................................................................................................................................................... 23,137 23,985
Pound sterling .................................................................................................................................... 15,319 24,527
Chinese renminbi ............................................................................................................................... 11,927 10,892
Mexican pesos ................................................................................................................................... 4,127 5,247
Hong Kong dollars ............................................................................................................................. 3,929 4,635
UAE dirhams ..................................................................................................................................... 3,472 2,182
Canadian dollars ................................................................................................................................ 3,423 4,136
Brazilian reais .................................................................................................................................... 3,381 4,007
Indian rupees ...................................................................................................................................... 3,252 2,699
Swiss francs ....................................................................................................................................... 2,192 2,657
Turkish lira ......................................................................................................................................... 1,505 1,796
Korean won ........................................................................................................................................ 1,243 1,282
Malaysian ringgit ............................................................................................................................... 1,148 1,044
Australian dollars ............................................................................................................................... 690 940
Singapore dollars ............................................................................................................................... 534 432
Saudi riyals1 ....................................................................................................................................... 530 404
Egyptian pounds ................................................................................................................................ 517 392
Argentine pesos ................................................................................................................................. 510 370
Taiwanese dollars .............................................................................................................................. 485 382
Vietnamese dong ............................................................................................................................... 483 331
Philippine pesos ................................................................................................................................. 445 459
Thai baht ............................................................................................................................................ 404 384
Costa Rican colon .............................................................................................................................. 378 375
Honduran lempira .............................................................................................................................. 341 325
Qatari rial ........................................................................................................................................... 272 197
Russian rouble ................................................................................................................................... 268 114
Japanese yen ...................................................................................................................................... 263 300
Indonesian rupiah .............................................................................................................................. 221 221
Omani rial .......................................................................................................................................... 210 140
Colombian peso ................................................................................................................................. 185 202
Chilean pesos ..................................................................................................................................... 176 214
South African rand ............................................................................................................................. 151 148
Jordanian dinar ................................................................................................................................... 147 116
New Zealand dollars .......................................................................................................................... 124 169
Bahraini dinar .................................................................................................................................... 114 106
Others, each less than US$100 million .............................................................................................. 732 686
Maltese lira ........................................................................................................................................ – 270
Total ................................................................................................................................................... 86,235 96,766
1 After deducting sales of Saudi riyals amounting to nil (2007: US$750 million) in order to manage the foreign exchange risk of the
investments.
All resulting exchange differences on consolidation of foreign operations are recognised in a separate component of
equity. Shareholders’ equity would decrease by US$1,830 million (2007: US$2,426 million) if euro and sterling
foreign currency exchange rates weakened by 5 per cent relative to the US dollar.
35 Assets charged as security for liabilities and collateral accepted as security for assets
Financial assets pledged to secure liabilities were as follows:
Assets pledged at 31 December
2008 2007
US$m US$m
Treasury bills and other eligible securities ........................................................................................ 3,434 7,200
Loans and advances to banks ............................................................................................................ 6,949 7,389
Loans and advances to customers ...................................................................................................... 70,209 78,755
Debt securities ................................................................................................................................... 185,224 219,956
Equity shares ...................................................................................................................................... 4,326 19,257
Other .................................................................................................................................................. 439 3,933
270,581 336,490