Annual Report 2011 - Hong Kong Monetary Authority

2011 2010 Change
(in CHF ‘000) (in CHF ‘000) (in %)
5 Fire insurance value of fixed assets
Bank premises 128,429 103,595 24.0
Furniture, machines and equipment 89,125 82,595 7.9
6 Other assets Total 283,084 281,893 0.4
Positive replacement value of derivative instruments 281,299 279,485 0.6
Other 1,785 2,408 (25.9)
283,084 281,893
Book value
of assets
2011 2010
Actual
encumbrance
Book value
of assets
Actual
encumbrance
7 Own liabilities subject to reservation of ownership
(in thousands of CHF)
Mortgage bonds
Securities pledged to a Stock Exchange to cover settlements
- -
and as collateral for payment transactions 22,196 - 22,623 -
Mortgage notes pledged for own premises - - - -
Other - - - -
Assets pledged or assigned to cover own liabilities 22,196 - 22,623 -
Assets subject to reservation of ownership
Total assets pledged or assigned and subject to reservation
- - - -
of ownership for own commitments 22,196 - 22,623 -
2010 contains a reclassification of CHF 5.2 million between “Other” and “Securities
pledged to a Stock Exchange to cover settlements and as collateral for
payment transactions”.
2011 2010
Securities lending and repurchase agreements
Claims arising from cash pledged as collateral under securities borrowing and reverse repo agreements 2,730,570 2,985,739
Liabilities arising from cash received as collateral under securities lending and repo agreements - -
Securities held for own account and tendered as collateral under securities borrowing and repo agreements - -
of which: - those which the recipient has been authorised without restriction to sell or pledge subsequently
Securities received as collateral under securities lending agreements and securities received under borrowing
- -
or reverse repo agreements which the Bank has been authorised without restriction to sell or pledge subsequently 2,655,446 3,086,042
of which: - those of the above securities which were sold or pledged - -
The fees earned or paid as a result of securities lending are reported as per the duration of the loan and appear respectively
as interest income or interest charges. Repos and reverse repos are used to finance and refinance the purchase
of special kinds of equities. They are stated as loans secured by financial instruments or as deposits secured by shares
from the Bank’s treasury stock. They are stated as advances secured by securities or as deposits for which the Bank
has pledged securities. The interest income arising from reverse repos and the interest charges arising from repos are
reported as per the duration of the relevant transactions.
FINANCIAL REPORT BPER ACCOUNTS 117