HSBC 2009 Annual Report Download - page 456

HSBC HOLDINGS PLC
Notes on the Financial Statements (continued)
Notes 33 and 34
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2 The interest rate on the 3.625 per cent callable subordinated notes 2020 changes in June 2015 to become three-month EURIBOR plus
0.93 per cent. The notes may be redeemed at par from June 2015 at the option of the borrower, subject to the prior notification of the
FSA.
3 The interest margin on the callable subordinated floating rate notes 2016 increases by 0.5 per cent from October 2011. The notes are
repayable from their step up date at the option of the borrower, subject to the prior notification of the FSA.
4 On 11 February 2010, HSBC Holdings gave notice to holders of its US$750 million callable subordinated floating rate notes due 2015
that it will call and redeem the notes at par on 16 March 2010.
5 The interest rate on the 9.875 per cent subordinated bonds 2018 changes in April 2013 to become the higher of (i) 9.875 per cent or (ii)
the sum of the yield on the relevant benchmark treasury stock plus 2.5 per cent. The bonds may be redeemed in April 2013 at par and
redemption has also been allowed from April 1998, subject to the prior notification of the FSA, for an amount based on the redemption
yields of the relevant benchmark treasury stocks.
6 In September 2009, HSBC Holdings redeemed its €2,000 million callable subordinated floating rate notes due 2014 at par.
33 Maturity analysis of assets and liabilities
The following is an analysis, by remaining contractual maturities at the balance sheet date, of asset and liability line
items that represent amounts expected to be recovered or settled within one year, and after more than one year.
Trading assets and liabilities are excluded because they are not held for collection or settlement over the period of
contractual maturity.
HSBC
At 31 December 2009
Due within
one year
Due after
more than
one year Total
US$m US$m US$m
Assets
Financial assets designated at fair value .................................................................. 3,786 33,395 37,181
Loans and advances to banks .................................................................................. 172,916 6,865 179,781
Loans and advances to customers ............................................................................ 381,967 514,264 896,231
Financial investments .............................................................................................. 134,824 234,334 369,158
Other financial assets ............................................................................................... 26,189 7,383 33,572
719,682 796,241 1,515,923
Liabilities
Deposits by banks .................................................................................................... 118,308 6,564 124,872
Customer accounts ................................................................................................... 1,114,149 44,885 1,159,034
Financial liabilities designated at fair value ............................................................ 4,666 75,426 80,092
Debt securities in issue ............................................................................................ 83,590 63,306 146,896
Other financial liabilities ......................................................................................... 67,061 3,606 70,667
Subordinated liabilities ............................................................................................ 369 30,109 30,478
1,388,143 223,896 1,612,039
At 31 December 2008
Due within
one year
Due after
more than
one year Total
US$m US$m US$m
Assets
Financial assets designated at fair value .................................................................. 4,735 23,798 28,533
Loans and advances to banks .................................................................................. 146,268 7,498 153,766
Loans and advances to customers ............................................................................ 407,582 525,286 932,868
Financial investments .............................................................................................. 111,027 189,208 300,235
Other financial assets ............................................................................................... 27,642 6,308 33,950
697,254 752,098 1,449,352
Liabilities
Deposits by banks .................................................................................................... 123,835 6,249 130,084
Customer accounts ................................................................................................... 1,083,426 31,901 1,115,327
Financial liabilities designated at fair value ............................................................ 7,368 67,219 74,587
Debt securities in issue ............................................................................................ 107,094 72,599 179,693
Other financial liabilities ......................................................................................... 70,898 4,860 75,758
Subordinated liabilities ............................................................................................ 745 28,688 29,433
1,393,366 211,516 1,604,882