HSBC 2012 Annual Report Download - page 199

197
Shareholder Information Financial Statements Corporate Governance Operating & Financial Review Overview
Exposures to Greece
(Audited)
At 31 December 2012 At 31 December 2011
Sovereign
and
agencies
Banks
Other
financial
institutions
and
corporates Personal Total
Sovereign
and
agencies
Banks
Other
financial
institutions
and
corporates Personal Total
US$bn US$bn US$bn US$bn US$bn US$bn US$bn US$bn US$bn US$bn
Loans and advances .................................................... 0.1 – 3.4 1.0 4.5 – 0.1 3.8 1.0 4.9
– gross ..................................................................... 0.1 – 3.4 1.0 4.5 – 0.1 4.0 1.0 5.1
– impairment allowances ........................................ – – – –– – – (0.2) – (0.2)
Financial investments available for sale .................... – – – – – 0.1 – – – 0.1
– cumulative impairment ........................................ – – – – – 0.2 – – – 0.2
Trading assets ............................................................. – 0.6 – – 0.6 0.4 0.4 – – 0.8
Derivative assets ......................................................... – 0.8 – – 0.8 – 0.7 0.1 – 0.8
Gross balance sheet exposure before risk
mitigation .............................................................. 0.1 1.4 3.4 1.0 5.9 0.5 1.2 3.9 1.0 6.6
Risk mitigation ........................................................... – (0.8) – – (0.8) (0.1) (0.5) – – (0.6)
– short trading positions ......................................... – – – – – (0.1) – – – (0.1)
– collateral and derivative liabilities ....................... – (0.8) – – (0.8) – (0.5) – – (0.5)
Net on-balance sheet exposure ................................... 0.1 0.6 3.4 1.0 5.1 0.4 0.7 3.9 1.0 6.0
Off-balance sheet exposures ....................................... – – 0.7 – 0.7 0.2 1.4 – 1.6
– commitments ....................................................... – – 0.2 – 0.2 – – 0.8 – 0.8
– guarantees and others .......................................... – – 0.5 – 0.5 – 0.2 0.6 – 0.8
Total net exposure .................................................... 0.1 0.6 4.1 1.0 5.8 0.4 0.9 5.3 1.0 7.6
Total credit default swaps
– CDS bought positions .......................................... – – – – – 1.2 – 0.1 – 1.3
– CDS sold positions .............................................. – – – – – (0.7) – (0.1) – (0.8)
– CDS bought notionals ......................................... – – 0.4 – 0.4 1.8 – 0.2 – 2.0
– CDS sold notionals .............................................. – – 0.4 – 0.4 1.0 – 0.3 – 1.3
For commentary, see page 199.