HSBC 2012 Annual Report Download - page 202

HSBC HOLDINGS PLC
Report of the Directors: Operating and Financial Review (continued)
Risk > Eurozone exposures > Redenomination risk
200
Exposures to other eurozone countries
Summary of exposures to other eurozone countries
(Unaudited)
Sovereign
and agencies
Banks
Other
financial
institutions
and corporates Personal Total
US$bn US$bn US$bn US$bn US$bn
At 31 December 2012
France
On-balance sheet exposure .......................... 44.1 55.0 43.7 15.5 158.3
Off-balance sheet exposure ......................... 0.2 1.7 25.3 0.8 28.0
Total gross exposure..................................... 44.3 56.7 69.0 16.3 186.3
Risk mitigation ............................................ (11.3) (26.2) (3.3) – (40.8)
Total net exposure ....................................... 33.0 30.5 65.7 16.3 145.5
Germany
On-balance sheet exposure .......................... 40.8 56.5 14.8 0.3 112.4
Off-balance sheet exposure ......................... – 0.2 11.1 0.3 11.6
Total gross exposure..................................... 40.8 56.7 25.9 0.6 124.0
Risk mitigation ............................................ (13.4) (42.4) (0.8) – (56.6)
Total net exposure ....................................... 27.4 14.3 25.1 0.6 67.4
The Netherlands
On-balance sheet exposure .......................... 14.4 10.4 14.8 0.1 39.7
Off-balance sheet exposure ......................... – 0.1 4.0 – 4.1
Total gross exposure..................................... 14.4 10.5 18.8 0.1 43.8
Risk mitigation ............................................ (4.4) (5.2) (4.8) – (14.4)
Total net exposure ....................................... 10.0 5.3 14.0 0.1 29.4
Others
On-balance sheet exposure .......................... 13.0 14.0 8.4 2.6 38.0
Off-balance sheet exposure ......................... – 0.3 4.0 0.6 4.9
Total gross exposure..................................... 13.0 14.3 12.4 3.2 42.9
Risk mitigation ............................................ (3.2) (10.7) (0.4) – (14.3)
Total net exposure ....................................... 9.8 3.6 12.0 3.2 28.6
At 31 December 2011
France
On-balance sheet exposure .......................... 36.7 67.0 37.1 14.0 154.8
Off-balance sheet exposure ......................... 1.9 1.8 21.7 1.1 26.5
Total gross exposure..................................... 38.6 68.8 58.8 15.1 181.3
Risk mitigation ............................................ (9.5) (19.9) (1.7) (0.2) (31.3)
Total net exposure ....................................... 29.1 48.9 57.1 14.9 150.0
Germany
On-balance sheet exposure .......................... 31.0 47.6 7.4 0.3 86.3
Off-balance sheet exposure ......................... – 1.5 8.2 0.4 10.1
Total gross exposure..................................... 31.0 49.1 15.6 0.7 96.4
Risk mitigation ............................................ (11.0) (26.4) (0.6) – (38.0)
Total net exposure ....................................... 20.0 22.7 15.0 0.7 58.4
The Netherlands
On-balance sheet exposure .......................... 43.3 16.3 10.4 0.1 70.1
Off-balance sheet exposure ......................... – 0.2 1.6 – 1.8
Total gross exposure..................................... 43.3 16.5 12.0 0.1 71.9
Risk mitigation ............................................ (3.3) (1.3) (1.6) – (6.2)
Total net exposure ....................................... 40.0 15.2 10.4 0.1 65.7
Others
On-balance sheet exposure .......................... 10.3 14.3 9.2 2.3 36.1
Off-balance sheet exposure ......................... – 0.3 2.9 0.8 4.0
Total gross exposure..................................... 10.3 14.6 12.1 3.1 40.1
Risk mitigation ............................................ (3.0) (10.7) (0.3) – (14.0)
Total net exposure ....................................... 7.3 3.9 11.8 3.1 26.1