HSBC 2002 Annual Report Download - page 218

HSBC HOLDINGS PLC
Notes on the Financial Statements (continued)
216
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 114 to 116.
15 Loans and advances to banks
2002 2001
US$m US$m
Remaining maturity:
– repayable on demand.............................................................................................. 19,211 16,039
– 3 months or less but not repayable on demand....................................................... 63,526 72,785
– 1 year or less but over 3 months............................................................................. 9,536 13,530
– 5 years or less but over 1 year ................................................................................ 1,211 1,849
– over 5 years ............................................................................................................ 2,035 460
Specific bad and doubtful debt provisions (Note 17)................................................. (23 ) (22 )
95,496 104,641
Amounts include:
Due from joint ventures
– unsubordinated ....................................................................................................... –8
Due from associates
– unsubordinated ....................................................................................................... 53 147
16 Loans and advances to customers
2002 2001
US$m US$m
Remaining maturity:
– repayable on demand or at short notice.................................................................. 48,463 51,980
– 3 months or less but not repayable on demand or at short notice 74,193 61,851
– 1 year or less but over 3 months............................................................................. 41,444 37,886
– 5 years or less but over 1 year ................................................................................ 97,068 82,811
– over 5 years ............................................................................................................ 100,293 82,282
General and specific bad and doubtful debt provisions (Note 17) ............................. (9,117) (8,161)
352,344 308,649
Amounts include:
Subordinated advances .............................................................................................. 187 149
Securitised advances not qualifying for linked presentation under FRS 5
(‘Reporting the Substance of Transactions’ ) .......................................................... 655 678
Due from joint ventures
– unsubordinated ....................................................................................................... 61 879
Due from associates
– subordinated ........................................................................................................... 29 10
– unsubordinated ....................................................................................................... 460 215