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HSBC BANK PLC
Notes on the Financial Statements (continued)
194
Transactions between HSBC Bank plc and its subsidiaries and HSBC Holdings plc and the other fellow subsidiaries of HSBC
Holdings plc
Transactions detailed below include amounts due to/from HSBC Bank plc and its subsidiaries.
2014
2013
Highest balance
during the year1
Balance at
31 December1
Highest balance
during the year1
Balance at
31 December1
£m
£m
£m
£m
Assets
Trading assets
10,462
3,659
27,817
7,677
Derivatives
15,114
14,836
18,734
12,971
Financial assets designated at fair value
–
–
–
–
Loans and advances to banks
11,223
8,568
14,010
11,928
Loans and advances to customers
11,610
10,830
18,880
11,495
Financial investments
8,878
7,866
9,069
8,895
Liabilities
Trading liabilities
6,179
1,458
21,397
2,928
Deposits by banks
15,320
11,359
16,573
11,877
Customer accounts
3,524
3,224
3,573
3,573
Derivatives
14,907
14,907
16,476
12,415
Subordinated amounts due
2,276
2,181
2,928
2,283
Guarantees
1,177
1,177
1,795
957
1 The disclosure of the year-end balance and the highest balance during the year is considered the most meaningful information to
represent transactions during the year.
Transactions detailed below include amounts due to/from HSBC Bank plc and HSBC Holdings plc.
2014
2013
Highest balance
during the year1
Balance at
31 December1
Highest balance
during the year1
Balance at
31 December1
£m
£m
£m
£m
Assets
Trading assets
1,691
954
1,884
1,220
Loans and advances to customers
3,965
511
4,579
3,581
Liabilities
Trading liabilities
–
–
2
–
Customer accounts
10,961
8,669
10,011
10,011
Subordinated amounts due
5,756
3,562
5,567
5,567
Guarantees
–
–
–
–
1 The disclosure of the year-end balance and the highest balance during the year is considered the most meaningful information to
represent transactions during the year.
In December 2010, the bank received two guarantees from HSBC Holdings plc in respect of monies owing to the bank by
its structured investment conduits (‘SICs’). The first guarantee covers due but unpaid monies owed by the bank’s principal
SIC, Solitaire, up to a maximum amount of US$16 billion, to the extent that unpaid liabilities exceed US$1 billion. A second
guarantee covers due but unpaid monies owed by the bank’s other SICs, Mazarin, Barion and Malachite, up to a maximum
amount of US$22 billion, to the extent that unpaid liabilities exceed US$200 million. In December 2012, the bank received
a third guarantee from HSBC Holdings plc that covers due but unpaid monies owed to the bank by its multi-seller conduit,
Regency, up to a maximum amount of US$17 billion, to the extent that unpaid liabilities exceed US$2 billion.
The bank pays no fee to its parent company for the provision of these guarantees.
Transactions detailed below include amounts due to/from HSBC Bank plc and fellow subsidiaries of HSBC
2014
2013
Highest balance
during the year1
Balance at
31 December1
Highest balance
during the year1
Balance at
31 December1
£m
£m
£m
£m
Assets
Trading assets
7,940
1,390
9,594
1,734
Derivatives
33,412
33,412
37,701
27,618
Loans and advances to banks
8,229
8,126
6,533
5,897
Loans and advances to customers
4,941
4,203
3,943
3,787
Liabilities
Trading liabilities
12,848
7,129
19,997
7,117
Deposits by banks
8,808
8,118
8,624
6,219
Customer accounts
8,355
1,339
8,893
6,755
Derivatives
35,806
35,806
36,465
30,027
Subordinated amount due
–
–
297
–
Guarantees
1,683
988
1,877
752
1 The disclosure of the year-end balance and the highest balance during the year is considered the most meaningful information to
represent transactions during the year.