HSBC 2009 Annual Report Download - page 431

429
Amortised
cost
Fair
value1
US$m US$m
At 31 December 2009
US Treasury ............................................................................................................................................. 17,650 17,635
US Government agencies2 ....................................................................................................................... 12,539 12,804
US Government sponsored entities2 ........................................................................................................ 4,885 4,924
UK Government ....................................................................................................................................... 9,653 9,782
Hong Kong Government ......................................................................................................................... 37,747 37,763
Other government .................................................................................................................................... 87,122 87,881
Asset-backed securities3 .......................................................................................................................... 48,500 34,914
Corporate debt and other securities ......................................................................................................... 153,639 154,902
Equities .................................................................................................................................................... 7,051 9,124
378,786 369,729
At 31 December 2008
US Treasury ............................................................................................................................................. 11,528 11,755
US Government agencies2 ....................................................................................................................... 8,131 8,307
US Government sponsored entities2 ........................................................................................................ 15,109 15,240
UK Government ....................................................................................................................................... 16,077 16,217
Hong Kong Government ......................................................................................................................... 966 989
Other government .................................................................................................................................... 60,755 61,528
Asset-backed securities3 .......................................................................................................................... 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 agencies2 ....................................................................................................................... 5,709 5,732
US Government sponsored entities2 ........................................................................................................ 14,732 14,533
UK Government ....................................................................................................................................... 757 749
Hong Kong Government ......................................................................................................................... 3,941 3,942
Other government .................................................................................................................................... 60,109 60,320
Asset-backed securities3 .......................................................................................................................... 64,186 63,976
Corporate debt and other securities ......................................................................................................... 114,955 114,709
Equities .................................................................................................................................................... 8,405 12,594
279,593 283,386
1 Included within the above figures are debt securities issued by banks and other financial institutions of US$133,256 million (2008:
US$140,878 million; 2007: US$142,863 million), of which US$55,324 million (2008: US$39,213 million; 2007: US$2,490 million) are
guaranteed by various governments. The fair value of the debt securities issued by banks and other financial institutions was
US$133,461 million (2008: US$141,526 million; 2007: US$143,023 million).
2 Includes securities that are supported by an explicit guarantee issued by the US Government.
3 Excludes asset-backed securities included under US Government agencies and sponsored entities.
Financial investments listed on a recognised exchange and unlisted
Treasury
and other
eligible bills
available
for sale
Treasury
and other
eligible bills
held to
maturity
Debt
securities
available
for sale
Debt
securities
held to
maturity
Equity
securities
available
for sale Total
US$m US$m US$m US$m US$m US$m
Carrying amount at 31 December 2009
Listed on a recognised exchange1 ......................... 2,334 – 135,653 2,743 911 141,641
Unlisted ................................................................. 55,999 101 148,421 14,783 8,213 227,517
58,333 101 284,074 17,526 9,124 369,158
Carrying amount at 31 December 2008
Listed on a recognised exchange1 ......................... 3,539 – 108,972 2,332 471 115,314
Unlisted ................................................................. 37,488 – 128,972 11,681 6,780 184,921
41,027 – 237,944 14,013 7,251 300,235
1 The fair value of listed held-to-maturity debt securities as at 31 December 2009 was US$2,769 million (2008: US$2,345 million).
Included within listed investments were US$1,670 million (2008: US$1,475 million) of investments listed in Hong Kong.