ABMB-Qtr report 311211(Website) - Alliance Bank Malaysia Berhad
ABMB-Qtr report 311211(Website) - Alliance Bank Malaysia Berhad
ABMB-Qtr report 311211(Website) - Alliance Bank Malaysia Berhad
Create successful ePaper yourself
Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.
ALLIANCE BANK MALAYSIA BERHAD<br />
(88103-W)<br />
(Incorporated in <strong>Malaysia</strong>)<br />
A17<br />
Balances Due From Clients And Brokers<br />
GROUP<br />
31 December 31 March<br />
2011 2011<br />
RM'000 RM'000<br />
Due from clients 48,666 96,318<br />
Due from brokers 1,103 -<br />
49,769 96,318<br />
Less:<br />
Allowance for other losses (1,306) (15,799)<br />
48,463 80,519<br />
These represent amounts receivable by <strong>Alliance</strong> Investment <strong>Bank</strong> <strong>Berhad</strong> ("AIBB") from non-margin clients and<br />
outstanding contracts entered into on behalf of clients where settlement via the Bursa <strong>Malaysia</strong> Securities<br />
Clearing Sdn. Bhd. has yet to be made.<br />
AIBB's normal trade credit terms for non-margin clients is three (3) market days in accordance with the Bursa<br />
<strong>Malaysia</strong> Securities <strong>Berhad</strong>'s ("Bursa") Fixed Delivery and Settlement System ("FDSS") trading rules.<br />
Included in the balances due from clients and brokers are impaired accounts, as follows:<br />
GROUP<br />
31 December 31 March<br />
2011 2011<br />
RM'000 RM'000<br />
Classified as doubtful 98 976<br />
Classified as bad 1,393 15,856<br />
1,491 16,832<br />
The movements in allowance for other losses are as follows:<br />
At beginning of year 15,799 16,482<br />
Allowance made during the period/year 1,468 2,214<br />
Reversal of allowance (1,467) (2,897)<br />
Amount written off (14,494) -<br />
At end of period/year 1,306 15,799<br />
20
Change language