HSBC 2011 Annual Report Download - page 155

153
Shareholder Information Financial Statements Corporate Governance Operating & Financial Review Overview
Trading
Available for sale
Held to maturity
Designated at fair value through profit or loss
Loans and receivables Total
Of which held through consolidated SPEs
Gross principal37
Credit default swap protection38
Net principal exposure39
US$m US$m US$m US$m US$m US$m US$m US$m US$m US$m
At 31 December 2010 Mortgage-related assets:
Sub-prime residential ................................... 1,297 2,565 – – 652 4,514 2,763 7,427 348 7,079
Direct lending ........................................... 1,078 – – – – 1,078 632 2,233 – 2,233
MBSs and MBS CDOs ............................ 219 2,565 – – 652 3,436 2,131 5,194 348 4,846
US Alt-A residential ..................................... 180 4,545 191 – 270 5,186 3,651 10,065 100 9,965
Direct lending ........................................... 96 – – – – 96 – 108 – 108
MBSs ........................................................ 84 4,545 191 – 270 5,090 3,651 9,957 100 9,857
US Government agency and sponsored
enterprises:
MBSs ........................................................ 657 21,699 2,032 – – 24,388 6 23,739 – 23,739
Other residential ........................................... 1,075 4,024 – – 1,111 6,210 2,669 6,995 – 6,995
Direct lending ........................................... 417 – – – – 417 – 424 – 424
MBSs ........................................................ 658 4,024 – – 1,111 5,793 2,669 6,571 – 6,571
Commercial property
MBSs and MBS CDOs ............................ 546 8,160 – 111 1,942 10,759 6,441 12,625 421 12,204
3,755 40,993 2,223 111 3,975 51,057 15,530 60,851 869 59,982
Leveraged finance-related assets:
ABSs and ABS CDOs .................................. 392 5,418 – – 414 6,224 3,886 7,148 788 6,360
Student loan-related assets:
ABSs and ABS CDOs .................................. 163 5,178 – – 150 5,491 4,251 7,161 100 7,061
Other assets:
ABSs and ABS CDOs .................................. 1,936 3,103 – 6,017 1,710 12,766 2,526 15,497 7,765 7,732
6,246 54,692 2,223 6,128 6,249 75,538 26,193 90,657 9,522 81,135 For footnotes, see page 185. The above table excludes leveraged finance transactions, which are shown separately on page 156.