HSBC 2013 Annual Report Download - page 118

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HSBC BANK CANADA
116
Notes on the Consolidated Financial Statements (continued)
31 Related party transactions
The ultimate parent company of the bank is HSBC Holdings, which is incorporated in England. The bank’s related
parties include the parent, fellow subsidiaries, and Key Management Personnel.
a Transactions with Key Management Personnel
Key Management Personnel are defined as those persons having authority and responsibility for planning, directing
and controlling the activities of the bank and includes members of the Board of HSBC Bank Canada.
Compensation of Key Management Personnel
The following represents the compensation paid to the Key Management Personnel of the bank in exchange for
services rendered to the bank.
2013
$m
2012
$m
Short-term employee benefits .................................................................................. 87
Post-employment benefits ........................................................................................ 11
Other long-term benefits .......................................................................................... –1
Termination benefits ................................................................................................ –1
Share-based payments .............................................................................................. 23
11 13
Other transactions, arrangements and agreements involving Key Management Personnel
The disclosure of the year end balance and the highest balance during the year is considered the most meaningful
information to represent transactions during the year. The transactions below were made in the ordinary course of
business and on substantially the same terms, including interest rates and security, as for comparable transactions
with persons of a similar standing or, where applicable, with other employees. The transactions did not involve more
than the normal risk of repayment or present other unfavourable features.
2013 2012
Highest
balance
during
the year
$m
Balance at
31 December
$m
Highest
balance
during
the year
$m
Balance at
31 December
$m
Key Management Personnel1
Loans ................................................................ 5.7 2.8 11.2 9.0
Credit cards ...................................................... 0.2 0.1 0.2 0.1
1 Includes Key Management Personnel, close family members of Key Management Personnel and entities which are controlled, jointly
controlled or significantly influenced, or for which significant voting power is held, by Key Management Personnel or their close
family member.