HSBC 2009 Annual Report Download - page 282

HSBC HOLDINGS PLC
Report of the Directors: Risk (continued)
Insurance operations > Financial risks > Credit risk / Liquidity risk
280
Treasury bills, other eligible bills and debt securities in HSBC’s insurance manufacturing subsidiaries (continued)
Neither past due nor impaired
Strong
Medium-
good
Medium-
satisfactory
Sub-
standard
Impaired64 Total
US$m US$m US$m US$m US$m US$m
At 31 December 2008
Supporting liabilities under non-linked insurance and
investment contracts
Trading assets – debt securities ........................................... 27 8 – – 35
Financial assets designated at fair value .............................. 2,704 335 319 – 3,358
– treasury and other eligible bills .................................... 197 – – – 197
– debt securities ............................................................... 2,507 335 319 – 3,161
Financial investments .......................................................... 24,881 718 195 45 4 25,843
– treasury and other similar bills ..................................... 404 – 2 – – 406
– debt securities ............................................................... 24,477 718 193 45 4 25,437
27,612 1,061 514 45 4 29,236
Supporting shareholders’ funds65
Trading assets – debt securities ........................................... 4 – – – 4
Financial assets designated at fair value .............................. 1,502 110 21 – 1,633
– treasury and other eligible bills .................................... 8 – – – 8
– debt securities ............................................................... 1,494 110 21 – 1,625
Financial investments .......................................................... 2,033 174 54 99 – 2,360
– treasury and other similar bills ..................................... 245 – 7 2 – 254
– debt securities ............................................................... 1,788 174 47 97 – 2,106
3,539 284 75 99 – 3,997
Total66
Trading assets – debt securities ........................................... 31 8 – – 39
Financial assets designated at fair value .............................. 4,206 445 340 – 4,991
– treasury and other eligible bills .................................... 205 – – – 205
– debt securities ............................................................... 4,001 445 340 – 4,786
Financial investments .......................................................... 26,914 892 249 144 4 28,203
– treasury and other similar bills ..................................... 649 – 9 2 – 660
– debt securities ............................................................... 26,265 892 240 142 4 27,543
31,151 1,345 589 144 4 33,233
For footnotes, see page 291.
Issuers of treasury bills, other eligible bills and debt securities in HSBC’s insurance manufacturing subsidiaries
(Audited)
Treasury
bills
Other eligible
bills
Debt
securities Tota l
US$m US$m US$m US$m
At 31 December 2009
Governments ............................................................................. 342 6 8,548 8,896
Local authorities ....................................................................... – – 886 886
Asset-backed securities ............................................................. – – 54 54
Corporates and other ................................................................. 132 273 30,239 30,644
474 279 39,727 40,480
At 31 December 2008
Governments ............................................................................. 467 24 6,109 6,600
Local authorities ....................................................................... – – 525 525
Asset-backed securities ............................................................. – – 14 14
Corporates and other ................................................................. – 374 25,720 26,094
467 398 32,368 33,233