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HSBC BANK CANADA
120
32 Offsetting of financial assets and financial liabilities (continued)
Financial liabilities subject to offsetting, enforceable master netting arrangements and similar agreements are as
follows:
Amounts not set off
in the statement of
financial position
Gross
amounts of
recognized
financial
liabilities
$m
Gross
amounts set
off in the
statement
of financial
position
$m
Amounts
presented
in the
statement
of financial
position
$m
Financial
instruments
$m
1
Cash
collateral
pledged
$m
Net amount
$m
At 31 December 2013
Derivatives2 (note 11) ..... 1,746 – 1,746 1,282 93 371
Repurchase, securities
lending and similar
agreements
– Deposits by banks
at amortized cost .. 832 (263) 569 569 – –
– Customer accounts
at amortized cost .. 1,241 (323) 918 918 – –
Customer accounts
excluding repos at
amortized cost .......... 2,006 (1,124) 882 – – 882
5,825 (1,710) 4,115 2,769 93 1,253
At 31 December 2012
Derivatives2 (note 11) ..... 1,415 – 1,415 1,102 35 278
Repurchase, securities
lending and similar
agreements
– Deposits by banks
at amortized cost .. 1,275 (258) 1,017 1,017 – –
– Customer accounts
at amortized cost .. 2,245 (233) 2,012 2,012 – –
Customer accounts
excluding repos at
amortized cost .......... 1,846 (941) 905 – – 905
6,781 (1,432) 5,349 4,131 35 1,183
1 Including non-cash collateral.
2 Includes amounts that are both subject to and not subject to enforceable master netting agreements and similar agreements.
33 Events after the reporting period
Except as noted above, there have been no other material events after the reporting period which would require disclosure
or adjustment to the 31 December 2013 consolidated financial statements.
These accounts were approved by the Board of Directors on 21 February 2014 and authorized for issue.
Notes on the Consolidated Financial Statements (continued)