Annual Report 2011 - Hong Kong Monetary Authority

2011 2010 Change
(in CHF ‘000) (in CHF ‘000) (in %)
1 Claims arising from money market paper Total 17,703 118,006 (85.0)
Rescriptions and treasury bills 17,682 118,006 (85.0)
Other bills and money market paper 21 - -
17,703 118,006
2 Due from banks Total 7,391,811 8,611,002 (14.2)
Due from banks 2,637,006 2,489,889 5.9
Reverse repos 4,754,805 6,121,113 (22.3)
7,391,811 8,611,002
3 Due from customers Total 1,388,619 1,651,949 (15.9)
Current account overdrafts 610,544 655,936 (6.9)
Advances and fixed term loans 766,861 781,836 (1.9)
Reverse repos - 200,000 (100.0)
Total due from customers 1,377,405 1,637,772 (15.9)
Mortgage loans 11,214 14,177 (20.9)
1,388,619 1,651,949
Current account overdrafts, advances and fixed term loans and mortgage loans are shown at face value,
less any required adjustments.
Mortgage
collateral
Other
collateral
Unsecured Total
4 Schedule of collateral (in thousands of CHF)
Loans
Due from customers
Mortgage loans:
9,696 1,247,049 120,660 1,377,405
- residential property 11,214 - - 11,214
Total 2011 20,910 1,247,049 120,660 1,388,619
Total 2010
Off-balance sheet transactions
26,608 1,495,728 129,612 1,651,949
Contingent liabilities - 307,066 16,990 324,056
Irrevocable liabilities - 52,922 1,766 54,688
Liabilities for unpaid-in capital - - 2,347 2,347
Total 2011 - 359,988 21,103 381,090
Total 2010 - 338,108 29,059 367,167
Gross value Estimated
proceeds from
sale of collateral
Net value Individual
valuation
adjustments
Nonperforming loans (in thousands of CHF)
Total 2011 13,288 - 13,288 13,287
Total 2010 14,233 - 14,233 14,224
Delinquent claims, i.e. claims for which the borrower is unlikely to honour his future commitments, are evaluated on an individual basis and the resulting
depreciation is covered by itemised valuation adjustments. Off-balance sheet transactions, primarily involving contingent liabilities, guarantees and
derivative instruments, are also included in this review. A claim is deemed delinquent when there is substantive evidence that future principal and interest
payments due under contract are unlikely to be made or are over 90 days in arrears. Interest is deemed in arrears when overdue for more than 90 days.
Nonperforming loans and overdue interest do not appear in the profit and loss account, but are reported instead in “Valuation adjustments and provisions”.
FINANCIAL REPORT CONSOLIDATED ACCOUNTS 77