Annual Report 2011 - Hong Kong Monetary Authority

(Note 26 cont’d) 2011 2010
Positive
replacement
values
Negative
replacement
values
Underlying
values
Positive
replacement
values
Negative
replacement
values
Underlying
values
Open interest in derivative instruments
(in thousands of CHF)
Banks and derivatives exchanges
- expiring in less than 1 year 123,100 281,996 14,278,130 186,657 250,097 14,296,657
- expiring in more than 1 year 26 203 4,414 - - -
Brokers - - - - - -
Secured customers 221,593 54,990 8,223,021 141,333 86,430 8,645,805
Unsecured customers - - - - - -
Total 344,719 337,189 22,505,565 327,990 336,527 22,942,462
2011 2010 Change
(in CHF ‘000) (in CHF ‘000) (in %)
27 Fiduciary transactions Total 5,769,088 6,232,861 (7.4)
Fiduciary deposits with other banks 5,552,724 6,020,434 (7.8)
Fiduciary loans 216,364 212,427 1.9
5,769,088 6,232,861
28 Assets under management
Assets invested in funds managed by the Bank 16,911,904 17,335,933 (2.4)
Assets under discretionary management 20,589,867 19,740,594 4.3
Other assets 53,858,343 55,638,121 (3.2)
Total assets under management (incl. double reporting) 91,360,114 92,714,648 (1.5)
of which: - double reporting 9,993,465 10,182,499 (1.9)
- net deposits/withdrawals of fresh money 3,249,176 6,485,659 (49.9)
Net entries/exits of fresh client funds includes account openings and closures as well as deposits and
withdrawals by existing clients. Changes in assets due to performance (e.g. price variations, payments
of interest and dividends and bank charges) are not considered as deposits/withdrawals.
29 Interest and discount income Total 70,565 54,253 30.1
Due from banks 44,939 32,515 38.2
of which: - reverse repo interest 30,329 20,316 49.3
Claims arising from money market paper 349 107 226.2
Advances to customers 25,278 21,631 16.9
70,565 54,253
Interest and dividend income on trading portfolios 120 401 (70.1)
Interest and dividend income on financial investments 4,731 5,070 (6.7)
FINANCIAL REPORT CONSOLIDATED ACCOUNTS 93