HSBC 2010 Annual Report Download - page 352

HSBC HOLDINGS PLC
Notes on the Financial Statements (continued)
35 – Maturity analysis of assets and liabilities / 36 – Foreign exchange exposures
350
2 The interest rate on the 3.625% callable subordinated notes 2020 changes in June 2015 to become three-month EURIBOR plus 0.93%.
The notes may be redeemed at par from June 2015 at the option of the borrower, subject to the prior notification to the FSA.
3 The interest margin on the callable subordinated floating rate notes 2016 increases by 0.5% from October 2011. The notes are
repayable from their step up date at the option of the borrower, subject to the prior notification to the FSA.
4 The interest rate on the 9.875% subordinated bonds 2018 changes in April 2013 to become the higher of (i) 9.875% or (ii) the sum of the
yield on the relevant benchmark treasury stock plus 2.5%. The bonds may be redeemed in April 2013 at par and redemption has also
been allowed from April 1998, subject to the prior notification to the FSA, for an amount based on the redemption yields of the relevant
benchmark treasury stocks.
5 In March 2010, HSBC Holdings redeemed its US$750m callable subordinated floating rate notes due 2015 at par.
6 In June 2010, HSBC Holdings redeemed its 9.547% subordinated step-up cumulative notes 2040 – HSBC Capital Funding (Dollar 1) LP
at par.
35 Maturity analysis of assets and liabilities
The following is an analysis, by remaining contractual maturities at the balance sheet date, of asset and liability line
items that represent amounts expected to be recovered or settled within one year, and after more than one year.
Trading assets and liabilities are excluded because they are not held for collection or settlement over the period of
contractual maturity.
Maturity analysis of assets and liabilities
HSBC
At 31 December 2010 At 31 December 2009
Due within
one year
Due after
more than
one year Total
Due within
one year
Due after
more than
one year Total
US$m US$m US$m US$m US$m US$m
Assets
Financial assets designated at fair value ............ 3,030 33,981 37,011 3,786 33,395 37,181
Loans and advances to banks ............................. 200,098 8,173 208,271 172,916 6,865 179,781
Loans and advances to customers ...................... 424,713 533,653 958,366 381,967 514,264 896,231
Financial investments ......................................... 149,954 250,801 400,755 134,824 234,334 369,158
Other financial assets .......................................... 19,417 5,519 24,936 26,189 7,383 33,572
797,212 832,127 1,629,339 719,682 796,241 1,515,923
Liabilities
Deposits by banks ............................................... 105,462 5,122 110,584 118,308 6,564 124,872
Customer accounts .............................................. 1,181,095 46,630 1,227,725 1,114,149 44,885 1,159,034
Financial liabilities designated at fair value ....... 10,141 77,992 88,133 4,666 75,426 80,092
Debt securities in issue ....................................... 86,096 59,305 145,401 83,590 63,306 146,896
Other financial liabilities .................................... 24,865 4,792 29,657 67,061 3,606 70,667
Subordinated liabilities ....................................... 791 32,596 33,387 369 30,109 30,478
1,408,450 226,437 1,634,887 1,388,143 223,896 1,612,039
HSBC Holdings
At 31 December 2010 At 31 December 2009
Due within
one year
Due after
more than
one year Total
Due within
one year
Due after
more than
one year Total
US$m US$m US$m US$m US$m US$m
Assets
Loans and advances to HSBC undertakings ...... 13,691 7,547 21,238 18,067 5,145 23,212
Financial investments ......................................... – 2,025 2,025 – 2,455 2,455
Other financial assets .......................................... 1 – 1 4 – 4
13,692 9,572 23,264 18,071 7,600 25,671
Liabilities
Amounts owed to HSBC undertakings .............. 1,480 1,452 2,932 277 3,434 3,711
Financial liabilities designated at fair value ....... – 16,288 16,288 – 16,909 16,909
Debt securities in issue ....................................... – 2,668 2,668 – 2,839 2,839
Other financial liabilities .................................... 1,782 – 1,782 1,240 17 1,257
Subordinated liabilities ....................................... – 13,313 13,313 – 14,406 14,406
3,262 33,721 36,983 1,517 37,605 39,122