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HSBC 2009 Annual Report Download - page 193

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Please find page 193 of the 2009 HSBC annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

191

HSBC’s maximum exposure to consolidated SPEs affected by the recent market turmoil

Securities Enhanced Non-money market funds

SIVs

investment

conduits28

Multi-seller

conduits

CNAV

funds

VNAV

funds

VNAV

funds

Specialist

funds

Local

funds29

Securit-

isations30 Other Total

US$bn US$bn US$bn US$bn US$bn US$bn US$bn US$bn US$bn US$bn US$bn

At 31 December 2009

Total assets ............................................. – 32.8 10.9 42.4 0.7 – 0.4 5.3 38.9 – 131.4

Direct lending31 .................................. – – – – – – – – 0.9 – 0.9

ABSs31 ................................................ – 25.7 – 0.3 0.2 – – – – – 26.2

ABCP ................................................. – – – 4.6 – – – – – – 4.6

Other ................................................... – 7.1 10.9 37.5 0.5 – 0.4 5.3 38.0 – 99.7

Funding provided by HSBC ................... – 32.4 – 0.9 0.6 – 0.1 5.3 2.9 – 42.2

CP ....................................................... – 10.8 – – – – – – – – 10.8

MTNs .................................................. – 3.8 – – – – – – 2.8 – 6.6

Junior notes ........................................ – – – – – – – – 0.1 – 0.1

Term repos executed .......................... – 10.2 – – – – – – – – 10.2

Investments in funds .......................... – – – 0.9 0.6 – 0.1 5.3 – – 6.9

Drawn liquidity facility....................... – 7.6 – – – – – – – – 7.6

Capital notes32 .................................... – – – – – – – – – – –

Total maximum exposure to

consolidated SPEs ................................ – 42.5 14.4 0.9 0.6 – 0.1 5.3 7.9 – 71.7

Liquidity and credit enhancements

Deal-specific liquidity facilities ......... – – 14.4 – – – – – – – 14.4

Indemnities34 ...................................... – – – – – – – – – – –

Programme-wide liquidity facilities .. – 29.1 – – – – – – – – 29.1

Programme-wide limited credit

enhancements .................................. – 1.2 0.6 – – – – – – – 1.8

Other liquidity and credit

enhancements .................................. – – – – – – – – 0.1 – 0.1