HSBC 2001 Annual Report Download - page 227

225
The following maturity profile of the notional principal values of third party derivative contracts outstanding as
at 31 December 2001 and 31 December 2000 shows that the majority of contracts are executed over the counter
and mature within one year.
Residual Maturity
Less than
1 year 1-5 years Over 5 years 2001 Tota
l
2000
Tota
l
US$m US$m US$m US$m US$m
Exchange rate, interest rate and
equities contracts
– exchanges*............................................. 168,104 42,245 658 211,007 270,617
– other contracts........................................ 1,313,434 571,871 166,549 2,051,854 1,670,339
Total 2001 ................................................ 1,481,538 614,116 167,207 2,262,861
Total 2000................................................. 1,253,660 537,061 150,235 1,940,956
*Exchanges with margining requirements.
(b) Other financial instruments
(i) Financial instruments held for trading purposes
2001 2000
Mark-to-
market
values
Mark-to-
market
values
US$m US$m
Assets:
Treasury bills and other eligible bills........................................................... 5,069 7,269
Loans and advances to banks and customers ............................................... 38,242 28,830
Debt securities ............................................................................................. 67,313 45,864
Equity shares................................................................................................ 3,302 3,466
113,926 85,429
Liabilities:
Short positions in securities ......................................................................... 31,937 23,040
Debt securities in issue ................................................................................ 578 477
Deposits by banks and customer accounts................................................... 32,432 22,561
64,947 46,078
The net trading assets above are funded by liabilities whose fair value is not materially different from their
carrying value.