HSBC 2008 Annual Report Download - page 405

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19 Financial investments
2008 2007
US$m US$m
Financial investments:
– not subject to repledge or resale by counterparties ................................................................... 287,479 271,126
– which may be repledged or resold by counterparties ............................................................... 12,756 11,874
300,235 283,000
2008 2007
Carrying
amount
Fair
value
Carrying
amount
Fair
value
US$m US$m US$m US$m
Treasury and other eligible bills ................................... 41,027 41,027 30,104 30,104
– available-for-sale .................................................. 41,027 41,027 30,104 30,104
Debt securities .............................................................. 251,957 253,001 240,302 240,688
– available-for-sale .................................................. 237,944 237,944 230,534 230,534
– held-to-maturity .................................................... 14,013 15,057 9,768 10,154
Equity securities ............................................................ 7,251 7,251 12,594 12,594
– available-for-sale .................................................. 7,251 7,251 12,594 12,594
Total financial investments ........................................... 300,235 301,279 283,000 283,386
Amortised
cost
Fair
value
US$m US$m
At 31 December 2008
US Treasury ....................................................................................................................................... 11,528 11,755
US Government agencies1 ................................................................................................................. 8,131 8,307
US Government sponsored entities1 .................................................................................................. 15,109 15,240
UK Government ................................................................................................................................. 16,077 16,217
Hong Kong Government ................................................................................................................... 966 989
Other government .............................................................................................................................. 60,755 61,528
Asset-backed securities2 .................................................................................................................... 55,685 36,052
Corporate debt and other securities ................................................................................................... 145,269 143,940
Equities .............................................................................................................................................. 5,901 7,251
319,421 301,279
At 31 December 2007
US Treasury ....................................................................................................................................... 6,799 6,831
US Government agencies1 ................................................................................................................. 5,709 5,732
US Government sponsored entities1 .................................................................................................. 14,732 14,533
UK Government ................................................................................................................................. 757 749
Hong Kong Government ................................................................................................................... 3,941 3,942
Other government .............................................................................................................................. 60,109 60,320
Asset-backed securities2 .................................................................................................................... 64,186 63,976
Corporate debt and other securities ................................................................................................... 114,955 114,709
Equities .............................................................................................................................................. 8,405 12,594
279,593 283,386
At 31 December 2006
US Treasury ....................................................................................................................................... 10,219 10,203
US Government agencies1 ................................................................................................................. 6,004 5,968
US Government sponsored entities1 .................................................................................................. 14,010 13,799
UK Government ................................................................................................................................. 7,515 7,502
Hong Kong Government ................................................................................................................... 1,085 1,080
Other government .............................................................................................................................. 37,828 38,198
Asset-backed securities2 .................................................................................................................... 26,752 26,750
Corporate debt and other securities ................................................................................................... 93,217 93,311
Equities .............................................................................................................................................. 6,295 8,297
202,925 205,108
1 Includes securities that are supported by an explicit guarantee issued by the US Government.
2 Excludes asset-backed securities included under US Government agencies and sponsored entities.