HSBC 2012 Annual Report Download - page 189

187
Shareholder Information Financial Statements Corporate Governance Operating & Financial Review Overview
Carrying amount of HSBC’s consolidated holdings of ABSs, and direct lending held at fair value through profit or loss26
(Audited)
Trading
Available
for sale
Held to
maturity
Designated
at fair value
through
profit or loss
Loans and
receivables Total
Of which
held through
consolidated
SPEs
Gross
principal
exposure30
Credit
default
swap
protection31
Net
principal
exposure32
US$m US$m US$m US$m US$m US$m US$m US$m US$m US$m
At 31 December 2012
Mortgage-related assets:
Sub-prime residential ................................... 698 2,455 – – 435 3,588 2,723 5,483 130 5,353
Direct lending ........................................... 566 – – – – 566 482 1,221 –1,221
MBSs and MBS CDOs ............................ 132 2,455 –– 435 3,022 2,241 4,262 130 4,132
US Alt-A residential ..................................... 157 3,658 118 – 157 4,090 2,994 6,992 100 6,892
Direct lending ........................................... 71 – – – – 71 –77 –77
MBSs ........................................................ 86 3,658 118 – 157 4,019 2,994 6,915 100 6,815
US Government agency and sponsored
enterprises:
MBSs ........................................................ 369 23,341 1,455 – – 25,165 – 23,438 – 23,438
Other residential ........................................... 695 2,084 – – 499 3,278 1,459 3,888 87 3,801
Direct lending ........................................... 322 – – – – 322 –322 –322
MBSs ........................................................ 373 2,084 –– 499 2,956 1,459 3,566 87 3,479
Commercial property
MBSs and MBS CDOs ............................ 164 6,995 – 109 1,319 8,587 5,959 9,489 – 9,489
2,083 38,533 1,573 109 2,410 44,708 13,135 49,290 317 48,973
Leveraged finance-related assets:
ABSs and ABS CDOs .................................. 450 5,330 – – 284 6,064 4,303 6,726 717 6,009
Student loan-related assets:
ABSs and ABS CDOs .................................. 179 4,219 – – 156 4,554 3,722 5,826 199 5,627
Other assets:
ABSs and ABS CDOs .................................. 1,511 1,553 – 49 1,537 4,650 1,140 5,769 1,318 4,451
4,223 49,635 1,573 158 4,387 59,976 22,300 67,611 2,551 65,060