Annual Report 2011 - Hong Kong Monetary Authority
Annual Report 2011 - Hong Kong Monetary Authority
Annual Report 2011 - Hong Kong Monetary Authority
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<strong>2011</strong> 2010 Change<br />
(in CHF ‘000) (in CHF ‘000) (in %)<br />
24 Contingent liabilities<br />
Irrevocable guarantees in the form of avals, sureties and guarantees (including guarantee<br />
commitments under irrevocable letters of credit), advance payment guarantees and<br />
Total 324,056 308,039 5.2<br />
endorsement obligations from rediscounting<br />
Performance bonds, bid bonds, letters of indemnity and other service guarantees (including<br />
263,194 249,345 5.6<br />
service guarantees in the form of irrevocable letters of credit) 60,862 58,694 3.7<br />
324,056 308,039<br />
For guarantee commitments made on behalf of the Bank’s governing bodies, see Note 20.<br />
These commitments are reported in “Off-balance sheet transactions” at their face value.<br />
25 Guarantee commitments for third parties Total 324,056 308,039 5.2<br />
Surety bonds 3,655 4,784 (23.6)<br />
Guarantees 320,401 303,255 5.7<br />
324,056 308,039<br />
FINANCIAL REPORT CONSOLIDATED ACCOUNTS 91
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