HSBC 2011 Annual Report Download - page 347

345
Overview Operating & Financial Review Corporate Governance Financial Statements Shareholder Information
15 Trading assets
2011 2010
US$m US$m
Trading assets:
– not subject to repledge or resale by counterparties .......................................................................... 235,916 284,940
– which may be repledged or resold by counterparties ...................................................................... 94,535 100,112
330,451 385,052
Treasury and other eligible bills ............................................................................................................... 34,309 25,620
Debt securities .......................................................................................................................................... 130,487 168,268
Equity securities ....................................................................................................................................... 21,002 41,086
Trading securities at fair value ................................................................................................................. 185,798 234,974
Loans and advances to banks ................................................................................................................... 75,525 70,456
Loans and advances to customers ............................................................................................................ 69,128 79,622
330,451 385,052
Trading securities valued at fair value1
Fair value
2011 2010
US$m US$m
US Treasury and US Government agencies2 ............................................................................................ 15,686 20,239
UK Government ........................................................................................................................................ 12,917 17,036
Hong Kong Government .......................................................................................................................... 8,844 11,053
Other government ..................................................................................................................................... 90,816 92,826
Asset-backed securities3 ........................................................................................................................... 2,913 3,998
Corporate debt and other securities .......................................................................................................... 33,620 48,736
Equity securities ....................................................................................................................................... 21,002 41,086
185,798 234,974
1 Included within these figures are debt securities issued by banks and other financial institutions of US$24,956m (2010: US$37,170m), of
which US$5,269m (2010: US$8,330m) are guaranteed by various governments.
2 Includes securities that are supported by an explicit guarantee issued by the US Government.
3 Excludes asset-backed securities included under US Treasury and US Government agencies.
Trading securities listed on a recognised exchange and unlisted
Treasury
and other
eligible bills
Debt
securities
Equity
securities Total
US$m US$m US$m US$m
Fair value at 31 December 2011
Listed on a recognised exchange1 ................................................ 789 78,760 19,994 99,543
Unlisted2 ....................................................................................... 33,520 51,727 1,008 86,255
34,309 130,487 21,002 185,798
Fair value at 31 December 2010
Listed on a recognised exchange1 ................................................ 698 113,878 40,098 154,674
Unlisted2 ....................................................................................... 24,922 54,390 988 80,300
25,620 168,268 41,086 234,974
1 Included within listed investments are US$2,836m (2010: US$3,254m) of investments listed in Hong Kong.
2 Unlisted treasury and other eligible bills primarily comprise treasury bills not listed on a recognised exchange but for which there is a
liquid market.
Loans and advances to banks held for trading
2011 2010
US$m US$m
Reverse repos ............................................................................................................................................ 45,490 45,771
Settlement accounts .................................................................................................................................. 7,555 5,226
Stock borrowing ....................................................................................................................................... 5,531 6,346
Other ......................................................................................................................................................... 16,949 13,113
75,525 70,456