HSBC 2006 Annual Report Download - page 353

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The following table summarises HSBC’s trading portfolios by valuation methodology:
Assets Liabilities
Trading
securities Derivatives
Trading
securities –
short positions Derivatives
% % % %
At 31 December 2006
Fair value based on:
Quoted market prices ................................................ 82.2 1.9 93.2 2.6
Internal models with significant observable
market parameters ................................................ 17.8 96.3 6.8 96.5
Internal models with significant unobservable
market parameters ................................................ – 1.8 – 0.9
100.0 100.0 100.0 100.0
At 31 December 2005
Fair value based on:
Quoted market prices ................................................ 87.6 6.0 96.0 5.7
Internal models with significant observable
market parameters ................................................ 12.4 91.5 4.0 92.4
Internal models with significant unobservable
market parameters ................................................ – 2.5 – 1.9
100.0 100.0 100.0 100.0
16 Financial assets designated at fair value
2006 2005
US$m US$m
Treasury and other eligible bills ........................................................................................................ 133 53
Debt securities ................................................................................................................................... 9,449 5,705
Equity securities ................................................................................................................................. 10,602 8,533
Loans and advances to banks ............................................................................................................ 236 124
Loans and advances to customers ...................................................................................................... 153 631
20,573 15,046
Treasury
and other
eligible bills
Debt
securities
Equity
securities Total
US$m US$m US$m US$m
Fair value at 31 December 2006
Listed on a recognised exchange1 ................................. 133 4,939 9,212 14,284
Unlisted ......................................................................... – 4,510 1,390 5,900
133 9,449 10,602 20,184
Fair value at 31 December 2005
Listed on a recognised exchange1 ................................. 41 3,012 7,192 10,245
Unlisted ......................................................................... 12 2,693 1,341 4,046
53 5,705 8,533 14,291
1 Included within listed investments are US$1,014 million of investments listed in Hong Kong (2005: US$932 million).