ANNUAL REPORT 2009 - GAM Holding AG

Liquidity risk
Liquidity risk is the risk of the Group being unable to meet its payment obligations when they become due. The liquidity position of the Group
companies is monitored and managed daily and exceeds the regulatory minimum. The Group’s approach to managing liquidity is to ensure, as
far as possible, that it will always have sufficient liquidity to meet its liabilities when due, without incurring unacceptable losses or risking
damage to the Group’s reputation.
The following table shows an analysis of the Group’s financial assets and liabilities by remaining contractual maturities as of the balance sheet
date. Contrary to the balance sheet presentation, these amounts include the total of contractual future undiscounted interest payments related
to these financial assets and liabilities.
Remaining contractual maturities of financial assets and liabilities
Financial assets 1
DUE WITHIN DUE WITHIN DUE WITHIN DUE AFTER
ON DEMAND 3 MONTHS 3-12 MONTHS 1-5 YEARS 5 YEARS TOTAL
CHF M CHF M CHF M CHF M CHF M CHF M
Cash and due from banks 788.3 185.8 0.1 - - 974.2
Due from customers and loans 1.3 10.9 - - - 12.2
Financial investments available-for-sale 61.6 8.1 15.8 1.2 0.2 86.9
Other financial investments - 3.1 0.7 - - 3.8
Total 31.12.2009 851.2 207.9 16.6 1.2 0.2 1 077.1
Cash and due from banks 1 987.6 8 705.9 142.4 14.3 - 10 850.2
Due from customers and loans - 7 255.3 1 411.1 1 017.0 19.4 9 702.8
Financial investments available-for-sale 338.0 6 768.4 4 049.0 1 359.2 13.9 12 528.5
Other financial investments 7 598.1 - - - - 7 598.1
Total 31.12.2008 9 923.7 22 729.6 5 602.5 2 390.5 33.3 40 679.6
Financial liabilities
Due to banks 0.2 0.4 33.4 64.1 - 98.1
Debt issued - 150.7 - - - 150.7
Due to customers and other financial liabilities 1.2 4.1 - - - 5.3
Total 31.12.2009 1.4 155.2 33.4 64.1 - 254.1
Due to banks 2 968.8 347.8 200.5 0.9 - 3 518.0
Debt issued - 6.4 8.3 190.0 241.6 446.3
Due to customers and other financial liabilities 27 144.2 5 553.3 1 142.7 326.4 178.0 34 344.6
Total 31.12.2008 30 113.0 5 907.5 1 351.5 517.3 419.6 38 308.9
1 The 2008 financial assets figures represent remaining expected maturities.
GAM Holding Ltd. Annual Report 2009
55
GROUP FINANCIAL REPORT