HSBC 2001 Annual Report Download - page 183

181
Carryin
g
value
Gross
unrealise
d
gains
Gross
unrealise
d
losses Market valuation
US$m US$m US$m US$m
31 December 2000
US Treasury and Government agencies ............ 2,165 1 – 2,166
UK Government................................................ 2,716 – (15) 2,701
Hong Kong SAR Government .......................... 2,007 – – 2,007
Other governments............................................ 7,416 13 (6) 7,423
Corporate debt and other securities................... 1,558 – (24) 1,534
15,862 14 (45) 15,831
The maturities of available-for-sale treasury bills and other eligible bills at 31 December 2001 are analysed as
follows:
Carryin
g
value
M
arke
t
valuation
US$m US$m
1 year or less .............................................................................................................. 12,652 12,663
5 years or less but over 1 year.................................................................................... 225 225
10 years or less but over 5 years ................................................................................ 25 27
12,902 12,915
The following table provides an analysis of contractual maturities and weighted average yields of available-for-sale
treasury bills and other eligible bills as at 31 December 2001.
Within one year After one but within five years After five but within ten years
Amoun
t
Yiel
d
Amoun
t
Yiel
d
Amoun
t
Yiel
d
US$m % US$m % US$m %
US Treasury and Government agencies ............... 2,282 1.7
–
–
21 9.5
UK Government................................................... 3,013 3.7
–
–
–
–
Hong Kong SAR Government ............................. 2,181 2.2
–
–
–
–
Other governments............................................... 4,693 2.5 210 8.1 4
–
Corporate debt and other securities...................... 483 5.2 15 6.7
–
–
12,652 225 25
13 Hong Kong SAR currency notes in circulation
The Hong Kong Special Administrative Region currency notes in circulation are secured by the deposit of funds in
respect of which the Government of the Hong Kong Special Administrative Region certificates of indebtedness are
held.
14 Credit risk management
HSBC’ s credit risk management process is discussed in the ‘Financial Review’ section in the paragraph headed
‘Credit risk management’ on pages 94 to 96.