HSBC 2012 Annual Report Download - page 475

473
Overview Operating & Financial Review Corporate Governance Financial Statements Shareholder Information
27 Trading liabilities
At 31 December
2012
US$m
2011
US$m
Deposits by banks ..................................................................................................................................... 61,686 47,506
Customer accounts .................................................................................................................................... 150,705 123,344
Other debt securities in issue (Note 29) ................................................................................................... 31,198 29,987
Other liabilities – net short positions in securities ................................................................................... 60,974 64,355
304,563 265,192
At 31 December 2012, the cumulative amount of change in fair value attributable to changes in HSBC credit risk was
a loss of US$29m (2011: gain of US$599m).
Deposits by banks held for trading
At 31 December
2012
US$m
2011
US$m
Repos ........................................................................................................................................................ 26,740 16,687
Settlement accounts .................................................................................................................................. 7,647 7,221
Stock lending ............................................................................................................................................ 4,523 2,821
Other ......................................................................................................................................................... 22,776 20,777
61,686 47,506
Customer accounts held for trading
At 31 December
2012
US$m
2011
US$m
Repos ........................................................................................................................................................ 103,483 70,151
Settlement accounts .................................................................................................................................. 9,461 6,909
Stock lending ............................................................................................................................................ 2,295 1,774
Other ......................................................................................................................................................... 35,466 44,510
150,705 123,344
28 Financial liabilities designated at fair value
HSBC
At 31 December
2012 2011
US$m US$m
Deposits by banks and customer accounts ............................................................................................... 496 517
Liabilities to customers under investment contracts ................................................................................ 12,456 11,399
Debt securities in issue (Note 29) ............................................................................................................. 53,209 52,197
Subordinated liabilities (Note 33) ............................................................................................................ 16,863 17,503
Preferred securities (Note 33) ................................................................................................................... 4,696 4,108
87,720 85,724
The carrying amount at 31 December 2012 of financial liabilities designated at fair value was US$7,032m more than
the contractual amount at maturity (2011: US$1,377m more). The cumulative amount of the change in fair value
attributable to changes in credit risk was a loss of US$88m (2011: gain of US$5,118m).