HSBC 2012 Annual Report Download - page 438

HSBC HOLDINGS PLC
Notes on the Financial Statements (continued)
14 – Trading assets / 15 – Fair values of financial instruments carried at fair value
436
14 Trading assets
2012 2011
US$m US$m
Trading assets:
– not subject to repledge or resale by counterparties .......................................................................... 305,312 235,916
– which may be repledged or resold by counterparties ...................................................................... 103,499 94,535
408,811 330,451
Treasury and other eligible bills ............................................................................................................... 26,282 34,309
Debt securities .......................................................................................................................................... 144,677 130,487
Equity securities ....................................................................................................................................... 41,634 21,002
Trading assets at fair value ....................................................................................................................... 212,593 185,798
Loans and advances to banks ................................................................................................................... 78,271 75,525
Loans and advances to customers ............................................................................................................ 117,947 69,128
408,811 330,451
Trading assets valued at fair value1
Fair value
2012 2011
US$m US$m
US Treasury and US Government agencies2 ............................................................................................ 28,405 15,686
UK Government ........................................................................................................................................ 11,688 12,917
Hong Kong Government .......................................................................................................................... 6,228 8,844
Other government ..................................................................................................................................... 91,498 90,816
Asset-backed securities3 ........................................................................................................................... 2,896 2,913
Corporate debt and other securities .......................................................................................................... 30,244 33,620
Equity securities ....................................................................................................................................... 41,634 21,002
212,593 185,798
1 Included within these figures are debt securities issued by banks and other financial institutions of US$20,274m (2011: US$24,956m), of
which US$3,469m (2011: US$5,269m) are guaranteed by various governments.
2 Includes securities that are supported by an explicit guarantee issued by the US Government.
3 Excludes asset-backed securities included under US Treasury and US Government agencies.
Trading assets listed on a recognised exchange and unlisted
Treasury
and other
eligible bills
Debt
securities
Equity
securities Total
US$m US$m US$m US$m
Fair value at 31 December 2012
Listed on a recognised exchange1 ................................................ 606 82,732 39,945 123,283
Unlisted2 ....................................................................................... 25,676 61,945 1,689 89,310
26,282 144,677 41,634 212,593
Fair value at 31 December 2011
Listed on a recognised exchange1 ................................................ 789 78,760 19,994 99,543
Unlisted2 ....................................................................................... 33,520 51,727 1,008 86,255
34,309 130,487 21,002 185,798
1 Included within listed investments are US$2,828m (2011: US$2,836m) of investments listed in Hong Kong.
2 Unlisted treasury and other eligible bills primarily comprise treasury bills not listed on a recognised exchange but for which there is
a liquid market.
Loans and advances to banks held for trading
2012 2011
US$m US$m
Reverse repos ............................................................................................................................................ 45,015 45,490
Settlement accounts .................................................................................................................................. 6,324 7,555
Stock borrowing ....................................................................................................................................... 5,361 5,531
Other ......................................................................................................................................................... 21,571 16,949
78,271 75,525