Annual Report 2011 - Hong Kong Monetary Authority

82 2011 ANNUAL REPORT - BANQUE PRIVÉE EDMOND DE ROTHSCHILD SA
2011 2010 Change
(in CHF ‘000) (in CHF ‘000) (in %)
9 Other assets Total 361,497 358,560 0.8
Positive replacement value of derivative instruments 344,719 330,647 4.3
Other 16,778 27,913 (39.9)
361,497 358,560
Book value
of assets
2011 2010
Actual
encumbrance
Book value
of assets
Actual
encumbrance
10 Assets pledged or assigned to cover own liabilities and
assets subject to reservation of ownership (in thousands of CHF)
Mortgage bonds - - - -
Securities pledged to a Stock Exchange to cover settlements 24,955 - 25,315 -
Mortgage notes pledged to cover Bank premises - - - -
Other - - - -
Assets pledged or assigned to cover own liabilities 24,955 - 25,315 -
Assets subject to reservation of ownership - - - -
Total encumbrances covering own liabilities 24,955 - 25,315 -
2010 contains a reclassification of CHF 7.9 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 4,754,807 6,321,113
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 4,738,324 6,453,090
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.
2011 2010 Change
(in CHF ‘000) (in CHF ‘000) (in %)
11 Disclosure of commitments to own pension plans Total 52,700 40,627 29.7
Commitments to own pension plans (joint and employer foundations alike) are stated under “Other amounts
due to customers”.
12 Other liabilities Total 382,684 384,798 (0.5)
Negative replacement value of derivative instruments 337,189 336,527 0.2
Set-off account 98 - -
Other 45,397 48,271 (6.0)
382,684 384,798