HSBC 2007 Annual Report Download - page 399

397
16 Trading assets
2007 2006
US$m US$m
Trading assets:
– not subject to repledge or resale by counterparties ........................................................................ 308,286 273,507
– which may be repledged or resold by counterparties ..................................................................... 137,682 54,640
445,968 328,147
Treasury and other eligible bills ........................................................................................................ 16,439 21,759
Debt securities ................................................................................................................................... 178,834 155,447
Equity securities ................................................................................................................................. 51,476 27,149
246,749 204,355
Loans and advances to banks ............................................................................................................ 100,440 52,006
Loans and advances to customers ...................................................................................................... 98,779 71,786
445,968 328,147
The following table provides an analysis of trading securities which are valued at fair value:
Fair value
2007 2006
US$m US$m
US Treasury and US Government agencies ...................................................................................... 17,335 8,348
UK Government ................................................................................................................................. 11,607 6,176
Hong Kong Government ................................................................................................................... 5,517 8,759
Other government .............................................................................................................................. 80,268 70,747
Asset-backed securities ...................................................................................................................... 20,479 15,781
Corporate debt and other securities ................................................................................................... 60,067 67,395
Equity securities ................................................................................................................................. 51,476 27,149
246,749 204,355
Included within the above figures are debt securities issued by banks and other financial institutions of US$69,818 million (2006:
US$36,153 million).
The following table analyses trading securities between those listed on a recognised exchange and those that are
unlisted:
Treasury
and other
eligible bills
Debt
securities
Equity
securities
Total
US$m US$m US$m US$m
Fair value at 31 December 2007
Listed on a recognised exchange1 ................................. 34 115,593 50,092 165,719
Unlisted ......................................................................... 16,405 63,241 1,384 81,030
16,439 178,834 51,476 246,749
Fair value at 31 December 2006
Listed on a recognised exchange1 ................................. 1,373 112,403 25,337 139,113
Unlisted ......................................................................... 20,386 43,044 1,812 65,242
21,759 155,447 27,149 204,355
1 Included within listed investments are US$6,977 million (2006: US$4,309 million) of investments listed in Hong Kong.
Loans and advances to banks held for trading consist of:
2007 2006
US$m US$m
Reverse repos ..................................................................................................................................... 80,476 41,475
Settlement accounts ........................................................................................................................... 8,227 4,655
Stock borrowing ................................................................................................................................. 8,259 4,727
Other .................................................................................................................................................. 3,478 1,149
100,440 52,006