HSBC 2005 Annual Report Download - page 287

285
Treasury
and other
eligible bills
Debt
securities
Equity
securities Total
US$m US$m US$m US$m
Fair value at 31 December 2005
Listed on a recognised exchange1 ................................ – 3,012 7,192 10,204
Unlisted ....................................................................... 53 2,693 1,341 4,087
53 5,705 8,533 14,291
1Included within listed investments are US$932 million of investments listed in Hong Kong.
The following table provides an analysis of securities designated at fair value:
Market
Valuation
2005
US$m
US Treasury and US Government agencies ..................................................................................................................... 86
UK Government ............................................................................................................................................................... 1,164
Hong Kong Government .................................................................................................................................................. 171
Other government ............................................................................................................................................................ 1,358
Asset-backed securities .................................................................................................................................................... 193
Corporate debt and other securities1 ................................................................................................................................ 2,786
Equities ............................................................................................................................................................................ 8,533
14,291
1Included within corporate debt and other securities are debt securities issued by banks and other financial institutions of
US$1,703 million.
17 Derivatives
Fair values of derivatives by product contract type held by HSBC
At 31 December 2005
Assets Liabilities
Trading Hedging Total Trading Hedging Total
US$m US$m US$m US$m US$m US$m
Foreign exchange .................... 21,082 263 21,345 (20,794) (81) (20,875)
Interest rate ............................. 44,323 3,414 47,737 (46,580) (1,566) (48,146)
Equities ................................... 4,833 – 4,833 (4,713) – (4,713)
Credit derivatives .................... 3,585 – 3,585 (3,509) – (3,509)
Commodity and other ............. 1,077 – 1,077 (1,442) – (1,442)
Gross total fair values ............. 74,900 3,677 78,577 (77,038) (1,647) (78,685)
Netting .................................... (4,649) 4,649
Total ....................................... 73,928 (74,036)
At 31 December 2004
Total assets Total liabilities
US$m US$m
Foreign exchange ........................................................................................................................... 32,318 (34,172)
Interest rate .................................................................................................................................... 36,041 (36,874)
Equities .......................................................................................................................................... 2,784 (2,874)
Credit derivatives ........................................................................................................................... 1,341 (1,394)
Commodity and other .................................................................................................................... 1,275 (1,243)
Gross total fair values .................................................................................................................... 73,759 (76,557)
Netting ........................................................................................................................................... (41,569) 41,569
Total .............................................................................................................................................. 32,190 (34,988)