HSBC 2011 Annual Report Download - page 363

361
Overview Operating & Financial Review Corporate Governance Financial Statements Shareholder Information
Securities designated at fair value1
Fair value
2011 2010
US$m US$m
US Treasury and US Government agencies2 ........................................................................................... 35 78
UK Government ....................................................................................................................................... 812 1,304
Hong Kong Government ......................................................................................................................... 151 151
Other government .................................................................................................................................... 3,964 4,130
Asset-backed securities3 .......................................................................................................................... 201 6,128
Corporate debt and other securities ......................................................................................................... 6,794 6,616
Equities .................................................................................................................................................... 17,930 17,418
29,887 35,825
1 Included within these figures are debt securities issued by banks and other financial institutions of US$3,497m (2010: US$10,185m), of
which US$40m (2010: US$48m) are guaranteed by various governments.
2 Includes securities that are supported by an explicit guarantee issued by the US Government.
3 Excludes asset-backed securities included under US Treasury and US Government agencies.
Securities listed on a recognised exchange and unlisted
Treasury
and other
eligible bills
Debt
securities
Equity
securities Total
US$m US$m US$m US$m
Fair value at 31 December 2011
Listed on a recognised exchange1 ................................................ 4 3,607 11,859 15,470
Unlisted ......................................................................................... 119 8,227 6,071 14,417
123 11,834 17,930 29,887
Fair value at 31 December 2010
Listed on a recognised exchange1 ................................................ 21 4,168 12,548 16,737
Unlisted ......................................................................................... 138 14,080 4,870 19,088
159 18,248 17,418 35,825
1 Included within listed investments are US$631m of investments listed in Hong Kong (2010: US$756m).
20 Derivatives
Fair values of derivatives by product contract type held by HSBC
Assets Liabilities
Trading Hedging Total Trading Hedging Total
US$m US$m US$m US$m US$m US$m
At 31 December 2011
Foreign exchange ................................................ 74,958 1,026 75,984 75,077 371 75,448
Interest rate ......................................................... 510,652 2,439 513,091 502,906 6,221 509,127
Equity .................................................................. 15,262 – 15,262 19,363 – 19,363
Credit .................................................................. 25,694 – 25,694 25,800 – 25,800
Commodity and other ......................................... 2,198 – 2,198 1,492 – 1,492
Gross total fair values ......................................... 628,764 3,465 632,229 624,638 6,592 631,230
Netting ................................................................ (285,850) (285,850)
Total .................................................................... 346,379 345,380
At 31 December 2010
Foreign exchange ................................................ 65,905 1,304 67,209 67,564 340 67,904
Interest rate ......................................................... 278,364 2,764 281,128 273,222 3,909 277,131
Equity .................................................................. 13,983 – 13,983 14,716 – 14,716
Credit .................................................................. 20,907 – 20,907 20,027 – 20,027
Commodity and other ......................................... 1,261 – 1,261 2,618 – 2,618
Gross total fair values ......................................... 380,420 4,068 384,488 378,147 4,249 382,396
Netting ................................................................ (123,731) (123,731)
Total .................................................................... 260,757 258,665