HSBC 2009 Annual Report Download - page 432

HSBC HOLDINGS PLC
Notes on the Financial Statements (continued)
Notes 19 and 20
430
Maturities of investments in debt securities at their carrying amount
At 31 December
2009 2008
US$m US$m
Remaining contractual maturity of total debt securities:
1 year or less ........................................................................................................................................ 75,782 72,551
5 years or less but over 1 year ............................................................................................................. 141,683 93,824
10 years or less but over 5 years ......................................................................................................... 31,934 28,141
Over 10 years ....................................................................................................................................... 52,201 57,441
301,600 251,957
Remaining contractual maturity of debt securities available for sale:
1 year or less ........................................................................................................................................ 75,160 71,967
5 years or less but over 1 year ............................................................................................................. 135,187 89,931
10 years or less but over 5 years ......................................................................................................... 26,105 22,402
Over 10 years ....................................................................................................................................... 47,622 53,644
284,074 237,944
Remaining contractual maturity of debt securities held to maturity:
1 year or less ........................................................................................................................................ 622 584
5 years or less but over 1 year ............................................................................................................. 6,496 3,893
10 years or less but over 5 years ......................................................................................................... 5,829 5,739
Over 10 years ....................................................................................................................................... 4,579 3,797
17,526 14,013
Contractual maturities and weighted average yields of investment debt securities at 31 December 2009
Within one year
After one year but
within five years
After five years but
within ten years After ten years
Amount Yield Amount Yield Amount Yield Amount Yield
US$m % US$m % US$m % US$m %
Available-for-sale
US Treasury ......................................... 13,816 1.72 2,450 1.02 170 1.37 700 4.47
US Government agencies .................... 4 4.44 6 2.76 297 4.71 11,777 3.56
US Government-sponsored agencies ... 521 1.15 176 2.59 1,567 3.84 743 3.99
UK Government ................................... 33 0.79 6,532 1.95 – – 1,683 3.15
Hong Kong Government ..................... 99 0.37 573 2.24 – – – –
Other governments .............................. 25,772 3.08 33,895 4.24 5,482 4.19 2,384 3.97
Asset-backed securities ....................... 616 0.61 3,004 0.69 6,471 0.39 38,217 0.91
Corporate debt and other securities ..... 34,239 2.18 89,120 2.16 11,816 2.64 3,603 3.46
Total amortised cost ............................. 75,100 135,756 25,803 59,107
Total carrying value ............................. 75,160 135,187 26,105 47,622
Held-to-maturity
US Treasury ......................................... – – 31 4.71 57 7.56 56 9.64
US Government agencies .................... – – – – 6 7.59 447 6.58
US Government-sponsored agencies ... 1 4.56 56 6.70 5 7.12 1,817 6.14
Hong Kong Government ..................... – – 2 3.30 8 5.03 – –
Other governments .............................. 36 3.36 389 3.56 330 4.28 582 6.88
Asset-backed securities ....................... – – – – – – 192 6.13
Corporate debt and other securities ..... 585 3.91 6,018 4.29 5,423 4.67 1,485 5.93
Total amortised cost ............................. 622 6,496 5,829 4,579
Total carrying value ............................. 622 6,496 5,829 4,579
The maturity distributions of asset-backed securities are presented in the above table on the basis of contractual
maturity dates. The weighted average yield for each range of maturities is calculated by dividing the annualised
interest income for the year ended 31 December 2009 by the book amount of available-for-sale debt securities at that
date. The yields do not include the effect of related derivatives.