Document and Entity Information
Document and Entity Information Document | 12 Months Ended |
Dec. 31, 2018shares | |
Document And Entity Information [Abstract] | |
Entity Registrant Name | HSBC HOLDINGS PLC |
Entity Central Index Key | 1,089,113 |
Document Period End Date | Dec. 31, 2018 |
Document Type | 20-F |
Entity Filer Category | Large Accelerated Filer |
Current Fiscal Year End Date | --12-31 |
Document Fiscal Year Focus | 2,018 |
Document Fiscal Period Focus | FY |
Entity Current Reporting Status | Yes |
Entity Well Known Seasoned Filer | Yes |
Amendment Flag | false |
Shares outstanding (in shares) | 20,360,841,496 |
Consolidated income statement
Consolidated income statement - USD ($) $ in Millions | 12 Months Ended | ||||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |||
Disclosure Of Face Statements [Line Items] | |||||
Net interest income/(expense) | $ 30,489 | $ 28,176 | $ 29,813 | ||
– interest income | 49,609 | 40,995 | 42,414 | ||
– interest expense | (19,120) | (12,819) | (12,601) | ||
Net fee income | 12,620 | 12,811 | 12,777 | ||
– fee income | 16,044 | 15,853 | 15,669 | ||
– fee expense | (3,424) | (3,042) | (2,892) | ||
Net income from financial instruments held for trading or managed on a fair value basis | 9,531 | 8,426 | 7,521 | ||
Net income/(expense) from assets and liabilities of insurance businesses, including related derivatives, measured at fair value through profit or loss | (1,488) | 2,836 | 1,262 | ||
Changes in fair value of long-term debt and related derivatives | (97) | 155 | (1,997) | ||
Changes in fair value of other financial instruments mandatorily measured at fair value through profit or loss | 695 | ||||
Gains less losses from financial investments | 218 | 1,150 | 1,385 | ||
Dividend income | 75 | 106 | 95 | ||
Net insurance premium income | 10,659 | 9,779 | 9,951 | ||
Other operating income/(expense) | 885 | 337 | (971) | ||
Total operating income | 63,587 | 63,776 | 59,836 | ||
Net insurance claims and benefits paid and movement in liabilities to policyholders | (9,807) | (12,331) | (11,870) | ||
Net operating income before change in expected credit losses and other credit impairment charges/Loan impairment charges and other credit risk provisions | 53,780 | 51,445 | 47,966 | ||
Loan impairment charges and other credit risk provisions | (1,767) | (1,769) | (3,400) | ||
Net operating income | 52,013 | 49,676 | 44,566 | ||
Employee compensation and benefits | (17,373) | (17,315) | (18,089) | ||
General and administrative expenses | (15,353) | (15,707) | (16,473) | ||
Depreciation and impairment of property, plant and equipment | (1,119) | (1,166) | (1,229) | ||
Amortisation and impairment of intangible assets | (814) | (696) | (777) | ||
Goodwill impairment of Global Private Banking – Europe | 0 | 0 | (3,240) | ||
Total operating expenses | (34,659) | (34,884) | (39,808) | ||
Operating profit | 17,354 | 14,792 | 4,758 | ||
Share of results | 2,536 | 2,375 | 2,354 | ||
Profit before tax | 19,890 | 17,167 | 7,112 | ||
Tax (expense) credit | (4,865) | (5,288) | (3,666) | ||
Profit for the year | 15,025 | 11,879 | 3,446 | ||
Attributable to: | |||||
– ordinary shareholders of the parent company | 12,608 | 9,683 | 1,299 | ||
– preference shareholders of the parent company | 90 | 90 | 90 | ||
– other equity holders | 1,029 | 1,025 | 1,090 | ||
– non-controlling interests | 1,298 | 1,081 | 967 | ||
Profit for the year | $ 15,025 | $ 11,879 | $ 3,446 | ||
Basic earnings per ordinary share (in dollars per share) | $ 0.63 | $ 0.48 | $ 0.07 | ||
Diluted earnings per ordinary share (in dollars per share) | $ 0.63 | $ 0.48 | $ 0.07 | ||
HSBC Holdings | |||||
Disclosure Of Face Statements [Line Items] | |||||
Net interest income/(expense) | $ (1,112) | $ (383) | $ (424) | ||
– interest income | 2,193 | 2,185 | 1,380 | ||
– interest expense | (3,305) | (2,568) | (1,804) | ||
Net fee income | 0 | 2 | (1) | ||
Net income from financial instruments held for trading or managed on a fair value basis | 245 | (181) | 119 | ||
Changes in fair value of long-term debt and related derivatives | (77) | 103 | (49) | ||
Changes in fair value of other financial instruments mandatorily measured at fair value through profit or loss | 43 | 0 | 0 | ||
Gains less losses from financial investments | 4 | 154 | 0 | ||
Dividend income | [1] | 55,304 | 10,039 | 10,436 | |
Other operating income/(expense) | 960 | 769 | 696 | ||
Net operating income before change in expected credit losses and other credit impairment charges/Loan impairment charges and other credit risk provisions | 55,367 | 10,503 | 10,777 | ||
Employee compensation and benefits | (37) | (54) | (570) | ||
General and administrative expenses | (4,507) | (4,911) | (4,014) | ||
Reversal of impairment / (impairment) of subsidiaries | [2] | 2,064 | (63) | 0 | |
Total operating expenses | (2,480) | (5,028) | (4,584) | ||
Profit before tax | 52,887 | 5,475 | 6,193 | [3] | |
Tax (expense) credit | (62) | 64 | 402 | ||
Profit for the year | 52,825 | 5,539 | 6,595 | ||
Attributable to: | |||||
Profit for the year | $ 52,825 | $ 5,539 | $ 6,595 | ||
[1] | 2018 includes $44,893m (2017:nil) return on capital from HSBC Finance (Netherlands) resulting from restructuring the Group’s Asia operation to meet resolution and recovery requirements. This amount does not form part of distributable reserves. | ||||
[2] | 2018 includes a $2,200m (2017:nil) part reversal of the impairment previously recognised against HSBC Holdings investment in HSBC Overseas Holdings (UK) Limited. This amount does not form part of distributable reserves. | ||||
[3] | The 2016 comparative figure for cash and cash equivalents was amended in 2017 to include loans and advances to HSBC undertakings of one month or less duration. |
Consolidated income statement (
Consolidated income statement (Parenthetical) - USD ($) | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | ||
Disclosure Of Face Statements [Line Items] | |||
Dividend income | $ 75,000,000 | $ 106,000,000 | |
HSBC Holdings | |||
Disclosure Of Face Statements [Line Items] | |||
Dividend income | [1] | 55,304,000,000 | 10,039,000,000 |
Reversal of impairment / (impairment) of subsidiaries | [2] | 2,064,000,000 | (63,000,000) |
HSBC Finance (Netherlands) | HSBC Holdings | |||
Disclosure Of Face Statements [Line Items] | |||
Dividend income | 44,893,000,000 | 0 | |
HSBC Overseas Holdings (UK) Limited | HSBC Holdings | |||
Disclosure Of Face Statements [Line Items] | |||
Reversal of impairment / (impairment) of subsidiaries | $ 2,200,000,000 | $ 0 | |
[1] | 2018 includes $44,893m (2017:nil) return on capital from HSBC Finance (Netherlands) resulting from restructuring the Group’s Asia operation to meet resolution and recovery requirements. This amount does not form part of distributable reserves. | ||
[2] | 2018 includes a $2,200m (2017:nil) part reversal of the impairment previously recognised against HSBC Holdings investment in HSBC Overseas Holdings (UK) Limited. This amount does not form part of distributable reserves. |
Consolidated statement of compr
Consolidated statement of comprehensive income - USD ($) $ in Millions | 12 Months Ended | ||||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |||
Disclosure Of Face Statements [Line Items] | |||||
– profit for the year | $ 15,025 | $ 11,879 | $ 3,446 | ||
Items that will be reclassified subsequently to profit or loss when specific conditions are met: | |||||
Available-for-sale investments | 146 | (299) | |||
– fair value gains/(losses) | 1,227 | 475 | |||
– fair value gains reclassified to the income statement | (1,033) | (895) | |||
– amounts reclassified to the income statement in respect of impairment losses | 93 | 71 | |||
– income taxes | (141) | 50 | |||
Debt instruments at fair value through other comprehensive income | (243) | ||||
– fair value losses | (168) | ||||
– fair value gain transferred to the income statement on disposal | (95) | ||||
– expected credit losses recognised in the income statement | (94) | ||||
– income taxes | 114 | ||||
Cash flow hedges | 19 | (192) | (68) | ||
– fair value losses | (267) | (1,046) | (297) | ||
– fair value losses reclassified to the income statement | 317 | 833 | 195 | ||
– income taxes and other movements | (31) | 21 | 34 | ||
Share of other comprehensive income/(expense) of associates and joint ventures | (64) | (43) | 54 | ||
– share for the year | (64) | (43) | 54 | ||
Exchange differences | (7,156) | 9,077 | (8,092) | ||
– foreign exchange gains reclassified to income statement on disposal of a foreign operation | 0 | 0 | 1,894 | ||
– other exchange differences | (7,156) | 8,939 | (9,791) | ||
– income tax attributable to exchange differences | 0 | 138 | (195) | ||
Items that will not be reclassified subsequently to profit or loss: | |||||
Remeasurement of defined benefit asset/liability | (329) | [1] | 2,419 | [1] | 7 |
– before income taxes | (388) | 3,440 | (84) | ||
– income taxes | 59 | (1,021) | 91 | ||
Changes in fair value of financial liabilities designated at fair value upon initial recognition arising from changes in own credit risk | 2,847 | (2,024) | |||
– before income taxes | 3,606 | (2,409) | |||
– income taxes | (759) | 385 | |||
Equity instruments designated at fair value through other comprehensive income | (27) | ||||
– fair value losses | (71) | ||||
– income taxes | 44 | ||||
Effects of hyperinflation | 283 | ||||
Other comprehensive income/(expense) for the year, net of tax | (4,670) | 9,383 | (8,398) | ||
Total comprehensive income | 10,355 | 21,262 | (4,952) | ||
Attributable to: | |||||
– ordinary shareholders of the parent company | 8,083 | 18,914 | (6,968) | ||
– preference shareholders of the parent company | 90 | 90 | 90 | ||
– other equity holders | 1,029 | 1,025 | 1,090 | ||
– non-controlling interests | 1,153 | 1,233 | 836 | ||
Total comprehensive income | 10,355 | 21,262 | (4,952) | ||
HSBC Holdings | |||||
Disclosure Of Face Statements [Line Items] | |||||
– profit for the year | 52,825 | 5,539 | 6,595 | ||
Items that will be reclassified subsequently to profit or loss when specific conditions are met: | |||||
Available-for-sale investments | 0 | (53) | (72) | ||
– fair value gains/(losses) | 0 | (70) | (83) | ||
– income taxes | 0 | 17 | 11 | ||
Items that will not be reclassified subsequently to profit or loss: | |||||
Changes in fair value of financial liabilities designated at fair value upon initial recognition arising from changes in own credit risk | 865 | (828) | (896) | ||
– before income taxes | 1,090 | (1,007) | (1,030) | ||
– income taxes | (225) | 179 | 134 | ||
Other comprehensive income/(expense) for the year, net of tax | 865 | (881) | (968) | ||
Total comprehensive income | 53,690 | 4,658 | 5,627 | ||
Attributable to: | |||||
Total comprehensive income | $ 53,690 | $ 4,658 | $ 5,627 | ||
[1] | During 2018, an actuarial gain of $1,180m has arisen as a result of the remeasurement of the defined benefit pension obligation of the HSBC Bank (UK) Pension Scheme. During 2017, an actuarial gain of $1,730m has arisen as a result of the remeasurement of the defined benefit pension obligation of the HSBC Bank (UK) Pension Scheme. Refer to Note 6 for further detail. |
Consolidated balance sheet
Consolidated balance sheet - USD ($) $ in Millions | Dec. 31, 2018 | Jan. 01, 2018 | Dec. 31, 2017 | ||
Assets | |||||
Cash and balances at central banks | $ 162,843 | $ 180,621 | [1] | $ 180,624 | |
Items in the course of collection from other banks | 5,787 | 6,628 | [1] | 6,628 | |
Hong Kong Government certificates of indebtedness | 35,859 | 34,186 | [1] | 34,186 | |
Trading assets | 238,130 | 254,410 | [1] | 287,995 | |
Financial assets designated at fair value | 41,111 | 39,746 | [1] | 29,464 | |
Derivatives | 207,825 | 219,818 | [1] | 219,818 | |
Loans and advances to banks | 72,167 | 82,559 | [1] | 90,393 | |
Loans and advances to customers | 981,696 | 949,737 | [1] | 962,964 | |
Reverse repurchase agreements – non-trading | 242,804 | 201,553 | [1] | 201,553 | |
Financial investments | 407,433 | 383,499 | [1] | 389,076 | |
Prepayments, accrued income and other assets | 110,571 | 114,777 | [1] | 67,191 | |
Current tax assets | 684 | 1,006 | [1] | 1,006 | |
Interests in associates and joint ventures | 22,407 | 21,802 | [1] | 22,744 | |
Goodwill and intangible assets | 24,357 | 23,374 | [1] | 23,453 | |
Deferred tax assets | 4,450 | 4,714 | [1] | 4,676 | |
Total assets | 2,558,124 | 2,518,430 | [1] | 2,521,771 | |
Liabilities | |||||
Hong Kong currency notes in circulation | 35,859 | 34,186 | [1] | 34,186 | |
Deposits by banks | 56,331 | 64,492 | [1] | 69,922 | |
Customer accounts | 1,362,643 | 1,360,227 | [1] | 1,364,462 | |
Repurchase agreements – non-trading | 165,884 | 130,002 | [1] | 130,002 | |
Items in the course of transmission to other banks | 5,641 | 6,850 | [1] | 6,850 | |
Trading liabilities | 84,431 | 80,864 | [1] | 184,361 | |
Financial liabilities designated at fair value | 148,505 | 144,006 | [1] | 94,429 | |
Derivatives | 205,835 | 216,821 | [1] | 216,821 | |
Debt securities in issue | 85,342 | 66,536 | [1] | 64,546 | |
Accruals, deferred income and other liabilities | 97,380 | 99,926 | [1] | 45,907 | |
Current tax liabilities | 718 | 928 | [1] | 928 | |
Liabilities under insurance contracts | 87,330 | 85,598 | [1] | 85,667 | |
Provisions | 2,920 | 4,295 | [1] | 4,011 | |
Deferred tax liabilities | 2,619 | 1,614 | [1] | 1,982 | |
Subordinated liabilities | 22,437 | 25,861 | [1] | 19,826 | |
Total liabilities | 2,363,875 | 2,322,206 | [1] | 2,323,900 | |
Equity | |||||
Called up share capital | 10,180 | 10,160 | [1] | 10,160 | |
Share premium account | 13,609 | 10,177 | [1] | 10,177 | |
Other equity instruments | 22,367 | 22,250 | [1] | 22,250 | |
Other reserves | 1,906 | 6,643 | [1] | 7,664 | |
Retained earnings | 138,191 | 139,414 | [1] | 139,999 | |
Total shareholders’ equity | 186,253 | 188,644 | [1] | 190,250 | |
Non-controlling interests | 7,996 | 7,580 | [1] | 7,621 | |
Total equity | 194,249 | 196,224 | [1] | 197,871 | |
Total liabilities and equity | 2,558,124 | 2,518,430 | [1] | 2,521,771 | |
HSBC Holdings | |||||
Assets | |||||
Cash and balances with HSBC undertakings | 3,509 | 1,985 | [2] | 1,985 | |
Loans and advances to HSBC undertakings designated and otherwise mandatorily measured at fair value | 23,513 | 16,208 | [2] | 11,944 | |
Derivatives | 707 | 2,388 | [2] | 2,388 | |
Loans and advances to banks | 56,144 | 76,627 | [2] | 76,627 | |
Financial investments | 0 | 0 | [2] | 4,264 | |
Prepayments, accrued income and other assets | 126 | 369 | [2] | 369 | |
Current tax assets | 594 | 379 | [2] | 379 | |
Investments in subsidiaries | [3] | 160,231 | 92,930 | [2] | 92,930 |
Intangible assets | 357 | 293 | [2] | 293 | |
Deferred tax assets | 0 | 380 | [2] | 555 | |
Total assets | 245,181 | 191,559 | [2] | 191,734 | |
Liabilities | |||||
Amounts owed to HSBC undertakings | 949 | 2,571 | [2] | 2,571 | |
Financial liabilities designated at fair value | 25,049 | 25,488 | [2] | 30,890 | |
Derivatives | 2,159 | 3,082 | [2] | 3,082 | |
Debt securities in issue | 50,800 | 34,258 | [2] | 34,258 | |
Accruals, deferred income and other liabilities | 994 | 1,344 | [2] | 1,269 | |
Deferred tax liabilities | 162 | 0 | [2] | 0 | |
Subordinated liabilities | 17,715 | 20,139 | [2] | 15,877 | |
Total liabilities | 97,828 | 86,882 | [2] | 87,947 | |
Equity | |||||
Called up share capital | 10,180 | 10,160 | [2] | 10,160 | |
Share premium account | 13,609 | 10,177 | [2] | 10,177 | |
Other equity instruments | 22,231 | 22,107 | [2] | 22,107 | |
Other reserves | 39,899 | 37,381 | [2] | 37,440 | |
Retained earnings | 61,434 | 24,852 | [2] | 23,903 | |
Total equity | 147,353 | 104,677 | [2] | 103,787 | |
Total liabilities and equity | $ 245,181 | $ 191,559 | [2] | $ 191,734 | |
[1] | Balances at 1 January 2018 have been prepared in accordance with accounting policies referred to on page 263. 31 December 2017 balances have not been re-presented. Information regarding the effects of adoption of IFRS 9 can be found in Note 37. | ||||
[2] | Balances at 1 January 2018 have been prepared in accordance with accounting policies referred to on page 263. 31 December 2017 balances have not been re-presented. Information regarding the effects of adoption of IFRS 9 can be found in Note 37. | ||||
[3] | 2018 includes a $56,587m (2017:nil) capital injection to HSBC Asia Holdings Overseas Limited. |
Consolidated balance sheet (Par
Consolidated balance sheet (Parenthetical) - HSBC Holdings - USD ($) | Dec. 31, 2018 | Jan. 01, 2018 | [2] | Dec. 31, 2017 | |
Disclosure Of Face Statements [Line Items] | |||||
Investments in subsidiaries | [1] | $ 160,231,000,000 | $ 92,930,000,000 | $ 92,930,000,000 | |
HSBC Asia Holdings Overseas Limited | |||||
Disclosure Of Face Statements [Line Items] | |||||
Investments in subsidiaries | $ 56,587,000,000 | $ 0 | |||
[1] | 2018 includes a $56,587m (2017:nil) capital injection to HSBC Asia Holdings Overseas Limited. | ||||
[2] | Balances at 1 January 2018 have been prepared in accordance with accounting policies referred to on page 263. 31 December 2017 balances have not been re-presented. Information regarding the effects of adoption of IFRS 9 can be found in Note 37. |
Consolidated statement of cash
Consolidated statement of cash flows - USD ($) $ in Millions | 12 Months Ended | ||||||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |||||
Cash flows from (used in) operating activities [abstract] | |||||||
Profit before tax | $ 19,890 | $ 17,167 | $ 7,112 | ||||
Adjustments for non-cash items: | |||||||
Depreciation and amortisation | 1,933 | 1,862 | 5,212 | ||||
Net (gain)/loss from investing activities | (126) | (1,152) | (1,215) | ||||
Share of results | (2,536) | (2,375) | (2,354) | ||||
(Gain)/Loss on disposal of subsidiaries, businesses, associates and joint ventures | 0 | (79) | 1,743 | ||||
Loan impairment losses gross of recoveries and other credit risk provisions | 2,280 | 2,603 | 4,090 | ||||
Provisions including pensions | 1,944 | 917 | 2,482 | ||||
Share-based payment expense | 450 | 500 | 534 | ||||
Other non-cash items included in profit before tax | (1,303) | (381) | (207) | ||||
Elimination of exchange differences | [1] | 7,299 | (21,289) | 15,364 | |||
Change in net trading securities and derivatives | 10,716 | (10,901) | 4,395 | ||||
Change in loans and advances to banks and customers | (44,071) | (108,984) | 52,868 | ||||
Change in reverse repurchase agreements – non-trading | (40,499) | (37,281) | (13,138) | ||||
Change in financial assets designated and otherwise mandatorily measured at fair value | (1,515) | (5,303) | (1,235) | ||||
Change in other assets | 4,047 | (6,570) | (6,591) | ||||
Change in deposits by banks and customer accounts | (5,745) | 102,211 | (8,918) | ||||
Change in repurchase agreements – non-trading | 35,882 | 41,044 | 8,558 | ||||
Change in debt securities in issue | 18,806 | (1,369) | (23,034) | ||||
Change in financial liabilities designated at fair value | 4,500 | 8,508 | 17,802 | ||||
Change in other liabilities | (2,644) | 13,514 | 8,792 | ||||
Dividends received from associates | 910 | 740 | 689 | ||||
Contributions paid to defined benefit plans | (332) | (685) | (726) | ||||
Tax paid (received) | (3,417) | (3,175) | (3,264) | ||||
Net cash from operating activities | 6,469 | (10,478) | 68,959 | ||||
Cash flows from (used in) investing activities [abstract] | |||||||
Purchase of financial investments | (383,454) | (357,264) | (457,084) | ||||
Proceeds from the sale and maturity of financial investments | 370,357 | 418,352 | 430,085 | ||||
Net cash flows from the purchase and sale of property, plant and equipment | (1,196) | (1,167) | (1,151) | ||||
Net cash flows from disposal of customer and loan portfolios | (204) | 6,756 | 9,194 | ||||
Net investment in intangible assets | (1,848) | (1,285) | (906) | ||||
Net cash flow on disposal of subsidiaries, businesses, associates and joint ventures | [2] | 4 | 165 | 4,802 | |||
Net cash from investing activities | (16,341) | 65,557 | (15,060) | ||||
Cash flows from (used in) financing activities [abstract] | |||||||
Issue of ordinary share capital and other equity instruments | 6,001 | 5,196 | 2,024 | ||||
Cancellation of shares | (1,998) | (3,000) | 0 | ||||
Net sales/(purchases) of own shares for market-making and investment purposes | 133 | (67) | 523 | ||||
Purchase of treasury shares | 0 | 0 | (2,510) | ||||
Redemption of preference shares and other equity instruments | (6,078) | 0 | (1,825) | ||||
Subordinated loan capital issued | 0 | 0 | 2,622 | ||||
Subordinated loan capital repaid | [3] | (4,077) | (3,574) | (595) | |||
Dividends paid to shareholders of the parent company and non-controlling interests | (10,762) | (9,005) | (9,157) | ||||
Net cash from financing activities | (16,781) | (10,450) | (8,918) | ||||
Net increase/(decrease) in cash and cash equivalents | (26,653) | 44,629 | 44,981 | ||||
Cash and cash equivalents at 1 Jan | 337,412 | [4] | 274,550 | [4] | 243,863 | ||
Exchange differences in respect of cash and cash equivalents | (9,677) | 18,233 | (14,294) | ||||
Cash and cash equivalents at 31 Dec | [4] | 301,082 | 337,412 | 274,550 | |||
Cash and cash equivalents comprise: | |||||||
Cash and cash equivalents at 31 Dec | 337,412 | [4] | 274,550 | [4] | 243,863 | ||
HSBC Holdings | |||||||
Cash flows from (used in) operating activities [abstract] | |||||||
Profit before tax | 52,887 | 5,475 | 6,193 | [5] | |||
Adjustments for non-cash items: | |||||||
Adjustments for non-cash items: | (46,878) | (17) | 48 | [5] | |||
Depreciation and amortisation | 70 | 33 | 10 | [5] | |||
Share-based payment expense | 0 | (2) | 34 | [5] | |||
Other non-cash items included in profit before tax | [6] | (46,948) | (48) | 4 | [5] | ||
Change in loans to HSBC undertakings | 5,745 | (1,122) | (36,437) | [5] | |||
Change in loans and advances to HSBC undertakings designated and otherwise mandatorily measured at fair value | (7,305) | (11,944) | 0 | [5] | |||
Change in financial investments in HSBC undertakings | 0 | (1,775) | 612 | [5] | |||
Change in net trading securities and derivatives | 758 | (2,183) | 3,066 | [5] | |||
Change in other assets | 231 | 134 | (239) | [5] | |||
Change in debt securities in issue | (1,094) | 1,020 | (1,633) | [5] | |||
Change in financial liabilities designated at fair value | (740) | 954 | (1,229) | [5] | |||
Change in other liabilities | (1,883) | 721 | (693) | [5] | |||
Tax paid (received) | 301 | 443 | 646 | [5] | |||
Net cash from operating activities | 2,022 | (8,294) | (29,666) | [5] | |||
Cash flows from (used in) investing activities [abstract] | |||||||
Purchase of financial investments | 0 | 0 | 0 | [5] | |||
Proceeds from the sale and maturity of financial investments | 0 | 1,165 | 610 | [5] | |||
Net cash outflow from acquisition of or increase in stake of subsidiaries | (8,992) | (89) | (2,073) | [5] | |||
Repayment of capital from subsidiaries | 3,627 | 4,070 | 3,920 | [5] | |||
Net investment in intangible assets | (121) | (150) | (109) | [5] | |||
Net cash from investing activities | (5,486) | 4,996 | 2,348 | [5] | |||
Cash flows from (used in) financing activities [abstract] | |||||||
Issue of ordinary share capital and other equity instruments | 6,652 | 5,647 | 2,381 | [5] | |||
Cancellation of shares | (1,998) | (3,000) | 0 | [5] | |||
Purchase of treasury shares | 0 | 0 | (2,510) | [5] | |||
Redemption of preference shares and other equity instruments | (6,093) | 0 | 0 | [5] | |||
Subordinated loan capital issued | 0 | 0 | 2,636 | [5] | |||
Subordinated loan capital repaid | (1,972) | (1,184) | (1,781) | [5] | |||
Debt securities issued | 19,513 | 11,433 | 32,080 | [5] | |||
Debt securities repaid | (1,025) | 0 | 0 | [5] | |||
Dividends paid on ordinary shares | (8,693) | (6,987) | (7,059) | [5] | |||
Dividends paid to holders of other equity instruments | (1,360) | (1,359) | (1,180) | [5] | |||
Net cash from financing activities | 5,024 | 4,550 | 24,567 | [5] | |||
Net increase/(decrease) in cash and cash equivalents | 1,560 | 1,252 | (2,751) | [5] | |||
Cash and cash equivalents at 1 Jan | 4,949 | 3,697 | [5] | 6,448 | [5] | ||
Cash and cash equivalents at 31 Dec | 6,509 | 4,949 | 3,697 | [5] | |||
Cash and cash equivalents comprise: | |||||||
Cash and cash equivalents at 31 Dec | $ 4,949 | $ 3,697 | [5] | $ 6,448 | [5] | ||
[1] | Adjustment to bring changes between opening and closing balance sheet amounts to average rates. This is not done on a line-by-line basis, as details cannot be determined without unreasonable expense. | ||||||
[2] | In July 2016, we completed the disposal of operations in Brazil resulting in a net cash inflow of $4.8bn. | ||||||
[3] | Subordinated liabilities changes during the year are attributable to repayments of $(4.1)bn (2017: $(3.6)bn; 2016: $(0.6)bn) of securities. Non-cash changes during the year included foreign exchange (loss)/gain $(0.6)bn (2017: $(0.6)bn; 2016: $2.1bn) and fair value losses of $(1.4)bn (2017: $(1.2)bn; 2016: $(0.3)bn). | ||||||
[4] | At 31 December 2018, $26,282m (2017: $39,830m; 2016: $35,501m) was not available for use by HSBC, of which $19,755m (2017: $21,424m; 2016: $21,108m) related to mandatory deposits at central banks. | ||||||
[5] | The 2016 comparative figure for cash and cash equivalents was amended in 2017 to include loans and advances to HSBC undertakings of one month or less duration. | ||||||
[6] | 2018 includes $44,893m (2017:nil) return on capital from HSBC Finance (Netherlands) resulting from restructuring the Group’s Asia operation to meet resolution and recovery requirements. |
Consolidated statement of cas_2
Consolidated statement of cash flows (Parenthetical) - USD ($) | 12 Months Ended | ||||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |||
Disclosure Of Face Statements [Line Items] | |||||
Interest received | $ 45,291,000,000 | $ 41,676,000,000 | $ 42,586,000,000 | ||
Interest paid | 14,172,000,000 | 10,962,000,000 | 12,027,000,000 | ||
Dividends received | 1,702,000,000 | 2,225,000,000 | 475,000,000 | ||
Other non-cash items included in profit before tax | (1,303,000,000) | (381,000,000) | (207,000,000) | ||
Net cash inflow on disposal | [1] | 4,000,000 | 165,000,000 | 4,802,000,000 | |
Restricted cash and cash equivalents | 26,282,000,000 | 39,830,000,000 | 35,501,000,000 | ||
Mandatory reserve deposits at central banks | 19,755,000,000 | 21,424,000,000 | 21,108,000,000 | ||
Repayment of securities | (4,100,000,000) | (3,600,000,000) | (600,000,000) | ||
Foreign exchange gain (loss) | (600,000,000) | (600,000,000) | 2,100,000,000 | ||
Fair value gain (loss) | (1,400,000,000) | (1,200,000,000) | (300,000,000) | ||
HSBC Holdings | |||||
Disclosure Of Face Statements [Line Items] | |||||
Interest received | 2,116,000,000 | 2,103,000,000 | 1,329,000,000 | ||
Interest paid | 3,379,000,000 | 2,443,000,000 | 1,791,000,000 | ||
Dividends received | 10,411,000,000 | 10,039,000,000 | 10,412,000,000 | ||
Other non-cash items included in profit before tax | [2] | (46,948,000,000) | (48,000,000) | $ 4,000,000 | [3] |
HSBC Holdings | HSBC Finance (Netherlands) | |||||
Disclosure Of Face Statements [Line Items] | |||||
Other non-cash items included in profit before tax | $ 44,893,000,000 | $ 0 | |||
[1] | In July 2016, we completed the disposal of operations in Brazil resulting in a net cash inflow of $4.8bn. | ||||
[2] | 2018 includes $44,893m (2017:nil) return on capital from HSBC Finance (Netherlands) resulting from restructuring the Group’s Asia operation to meet resolution and recovery requirements. | ||||
[3] | The 2016 comparative figure for cash and cash equivalents was amended in 2017 to include loans and advances to HSBC undertakings of one month or less duration. |
Consolidated statement of chang
Consolidated statement of changes in equity - USD ($) $ in Millions | Total | Called up share capital and share premium | Other equity instruments | [1] | Retained earnings | [2],[3] | Financial assets at FVOCI reserve | [12] | Available-for-sale fair value reserve | Cash flow hedging reserve | Foreign exchange reserve | Merger reserve | [4] | Total shareholders’ equity | Non-controlling interests | HSBC Holdings | HSBC HoldingsCalled up share capital | HSBC HoldingsShare premium | HSBC HoldingsOther equity instruments | HSBC HoldingsRetained earnings | [5],[6] | HSBC HoldingsFinancial assets at FVOCI reserve | HSBC HoldingsAvailable-for-sale fair value reserve | HSBC HoldingsOther paid-in capital | [7] | HSBC HoldingsMerger reserve | [6] | ||||||||
Equity beginning of period at Dec. 31, 2015 | $ 197,518 | $ 22,263 | $ 15,112 | $ 143,976 | $ (189) | $ 34 | $ (20,044) | $ 27,308 | $ 188,460 | $ 9,058 | $ 107,414 | $ 9,842 | $ 12,421 | $ 15,020 | $ 32,224 | $ 183 | $ 2,597 | $ 35,127 | |||||||||||||||||
Profit for the year | 3,446 | 2,479 | 2,479 | 967 | 6,595 | 6,595 | |||||||||||||||||||||||||||||
Other comprehensive income/(expense) for the year, net of tax | (8,398) | 59 | (271) | (61) | (7,994) | (8,267) | (131) | (968) | (896) | (72) | |||||||||||||||||||||||||
– available-for-sale investments | (299) | (271) | (271) | (28) | (72) | (72) | |||||||||||||||||||||||||||||
– cash flow hedges | (68) | (61) | (61) | (7) | |||||||||||||||||||||||||||||||
– changes in fair value of financial liabilities designated at fair value upon initial recognition arising from changes in own credit risk | (896) | (896) | |||||||||||||||||||||||||||||||||
– remeasurement of defined benefit asset/liability | 7 | 5 | 5 | 2 | |||||||||||||||||||||||||||||||
– share of other comprehensive income of associates and joint ventures | 54 | 54 | 54 | 0 | |||||||||||||||||||||||||||||||
– foreign exchange reclassified to income statement on disposal of a foreign operation | 1,894 | 1,894 | 1,894 | ||||||||||||||||||||||||||||||||
– exchange differences | (9,986) | (9,888) | (9,888) | (98) | |||||||||||||||||||||||||||||||
Total comprehensive income | (4,952) | 2,538 | (271) | (61) | (7,994) | (5,788) | 836 | 5,627 | 5,699 | (72) | |||||||||||||||||||||||||
Shares issued under employee remuneration and share plans | 27 | 452 | (425) | 27 | 401 | 35 | 417 | (51) | |||||||||||||||||||||||||||
Shares issued in lieu of dividends and amounts arising thereon | 3,040 | 3,040 | 3,040 | 3,040 | 219 | (219) | 3,040 | ||||||||||||||||||||||||||||
Net increase in treasury shares | (2,510) | [8] | (2,510) | [8] | (2,510) | [8] | (2,510) | (2,510) | |||||||||||||||||||||||||||
Capital securities issued | 1,998 | 1,998 | 1,998 | 1,984 | 1,984 | ||||||||||||||||||||||||||||||
Dividends to shareholders | (12,198) | (11,279) | (11,279) | (919) | (11,279) | (11,279) | |||||||||||||||||||||||||||||
Cost of share-based payment arrangements | 534 | 534 | 534 | 34 | 34 | ||||||||||||||||||||||||||||||
Other movements | (879) | 921 | (17) | 904 | (1,783) | 147 | 499 | 1 | (353) | ||||||||||||||||||||||||||
Equity end of period at Dec. 31, 2016 | 182,578 | 22,715 | 17,110 | 136,795 | (477) | (27) | (28,038) | 27,308 | 175,386 | 7,192 | 104,858 | 10,096 | 12,619 | 17,004 | 27,656 | 112 | 2,244 | [9] | 35,127 | ||||||||||||||||
Profit for the year | 11,879 | 10,798 | 10,798 | 1,081 | 5,539 | 5,539 | |||||||||||||||||||||||||||||
Other comprehensive income/(expense) for the year, net of tax | 9,383 | 328 | 131 | (194) | 8,966 | 9,231 | 152 | (881) | (828) | (53) | |||||||||||||||||||||||||
– available-for-sale investments | 146 | 131 | 131 | 15 | (53) | (53) | |||||||||||||||||||||||||||||
– cash flow hedges | (192) | (194) | (194) | 2 | |||||||||||||||||||||||||||||||
– changes in fair value of financial liabilities designated at fair value upon initial recognition arising from changes in own credit risk | (2,024) | (2,024) | (2,024) | (828) | (828) | ||||||||||||||||||||||||||||||
– remeasurement of defined benefit asset/liability | [10] | 2,419 | 2,395 | 2,395 | 24 | ||||||||||||||||||||||||||||||
– share of other comprehensive income of associates and joint ventures | (43) | (43) | (43) | ||||||||||||||||||||||||||||||||
– foreign exchange reclassified to income statement on disposal of a foreign operation | 0 | ||||||||||||||||||||||||||||||||||
– exchange differences | 9,077 | 8,966 | 8,966 | 111 | |||||||||||||||||||||||||||||||
Total comprehensive income | 21,262 | 11,126 | 131 | (194) | 8,966 | 20,029 | 1,233 | 4,658 | 4,711 | (53) | |||||||||||||||||||||||||
Shares issued under employee remuneration and share plans | 56 | 622 | (566) | 56 | 570 | 38 | 584 | (52) | |||||||||||||||||||||||||||
Shares issued in lieu of dividends and amounts arising thereon | 3,206 | 3,206 | 3,206 | 3,205 | 190 | (190) | 3,205 | ||||||||||||||||||||||||||||
Capital securities issued | 5,140 | 5,140 | 5,140 | 5,103 | 5,103 | ||||||||||||||||||||||||||||||
Dividends to shareholders | (12,211) | (11,551) | (11,551) | (660) | (11,551) | (11,551) | |||||||||||||||||||||||||||||
Cost of share-based payment arrangements | 500 | 500 | 500 | (2) | (2) | ||||||||||||||||||||||||||||||
Cancellation of shares | (3,000) | [8] | (3,000) | [8] | (3,000) | [8] | (3,000) | (164) | (2,836) | 0 | |||||||||||||||||||||||||
Other movements | 340 | 489 | (4) | (1) | 484 | (144) | (54) | (64) | 10 | ||||||||||||||||||||||||||
Equity end of period at Dec. 31, 2017 | 197,871 | 20,337 | 22,250 | [11] | 139,999 | $ (350) | $ (350) | [10] | (222) | (19,072) | 27,308 | 190,250 | 7,621 | 103,787 | 10,160 | 10,177 | 22,107 | 23,903 | $ 59 | $ 59 | 2,254 | 35,127 | |||||||||||||
Profit for the year | 15,025 | 13,727 | 13,727 | 1,298 | 52,825 | 52,825 | |||||||||||||||||||||||||||||
Other comprehensive income/(expense) for the year, net of tax | (4,670) | 2,765 | (245) | 16 | (7,061) | (4,525) | (145) | 865 | 865 | ||||||||||||||||||||||||||
– debt instruments at fair value through other comprehensive income | (243) | (245) | (245) | 2 | |||||||||||||||||||||||||||||||
– available-for-sale investments | 0 | ||||||||||||||||||||||||||||||||||
- equity instruments designated at fair value through other comprehensive income | (27) | 0 | 0 | (27) | |||||||||||||||||||||||||||||||
– cash flow hedges | 19 | 16 | 16 | 3 | |||||||||||||||||||||||||||||||
– changes in fair value of financial liabilities designated at fair value upon initial recognition arising from changes in own credit risk | 2,847 | 2,847 | 2,847 | 0 | 865 | 865 | |||||||||||||||||||||||||||||
– remeasurement of defined benefit asset/liability | [10] | (329) | (301) | (301) | (28) | ||||||||||||||||||||||||||||||
– share of other comprehensive income of associates and joint ventures | (64) | (64) | (64) | ||||||||||||||||||||||||||||||||
– effects of hyperinflation | 283 | 283 | 283 | ||||||||||||||||||||||||||||||||
– foreign exchange reclassified to income statement on disposal of a foreign operation | 0 | ||||||||||||||||||||||||||||||||||
– exchange differences | (7,156) | (7,061) | (7,061) | (95) | |||||||||||||||||||||||||||||||
Total comprehensive income | 10,355 | 16,492 | (245) | 16 | (7,061) | 9,202 | 1,153 | 53,690 | 53,690 | ||||||||||||||||||||||||||
Shares issued under employee remuneration and share plans | 111 | 721 | (610) | 111 | 721 | 42 | 679 | 0 | |||||||||||||||||||||||||||
Shares issued in lieu of dividends and amounts arising thereon | 1,494 | 1,494 | 1,494 | 1,494 | 83 | (83) | 1,494 | ||||||||||||||||||||||||||||
Capital securities issued | 5,968 | 5,968 | [11] | 5,968 | 5,967 | 0 | 5,967 | ||||||||||||||||||||||||||||
Dividends to shareholders | (12,257) | (11,547) | (11,547) | (710) | (11,547) | (11,547) | |||||||||||||||||||||||||||||
Redemption of securities | (6,088) | (5,851) | [11] | (237) | (6,088) | 6,079 | (5,843) | (236) | |||||||||||||||||||||||||||
Transfers | (2,200) | [13] | 2,200 | [13] | (2,200) | [14] | 2,200 | [14] | |||||||||||||||||||||||||||
Cost of share-based payment arrangements | 450 | 450 | 450 | ||||||||||||||||||||||||||||||||
Cancellation of shares | (1,998) | [15],[16] | (4,998) | [15],[16] | (1,998) | [15],[16] | (1,998) | [17] | (105) | [17] | 2,836 | [17] | (4,998) | [17] | 269 | [17] | |||||||||||||||||||
Other movements | (10) | (67) | 84 | 0 | 17 | (27) | 428 | 379 | 46 | 3 | |||||||||||||||||||||||||
Equity end of period at Dec. 31, 2018 | $ 194,249 | $ 23,789 | $ 22,367 | [11] | $ 138,191 | $ (1,532) | $ (206) | $ (26,133) | $ 29,777 | $ 186,253 | $ 7,996 | $ 147,353 | $ 10,180 | $ 13,609 | $ 22,231 | $ 61,434 | $ 0 | $ 2,300 | $ 37,599 | ||||||||||||||||
[1] | During 2018, HSBC Holdings issued $4,150m, £1,000m and SGD750m of perpetual subordinated contingent convertible capital securities on which there were $60m of external issuance costs, $49m of intra-Group issuance costs and $11m of tax benefits. In 2017, HSBC Holdings issued $3,000m, SGD1,000m and €1,250m of perpetual subordinated contingent convertible capital securities, on which there were $14m of external issuance costs, $37m of intra-Group issuance costs and $10m of tax benefits. In 2016, HSBC Holdings issued $2,000m of perpetual subordinated contingent convertible capital securities, after issuance costs of $6m and tax benefits of $4m. Under IFRSs these issuance costs and tax benefits are classified as equity. | ||||||||||||||||||||||||||||||||||
[2] | At 31 December 2018, retained earnings included 379,926,645 treasury shares (2017: 360,590,019; 2016: 353,356,251). In addition, treasury shares are also held within HSBC’s Insurance business retirement funds for the benefit of policyholders or beneficiaries within employee trusts for the settlement of shares expected to be delivered under employee share schemes or bonus plans, and the market-making activities in Global Markets. | ||||||||||||||||||||||||||||||||||
[3] | Cumulative goodwill amounting to $5,138m has been charged against reserves in respect of acquisitions of subsidiaries prior to 1 January 1998, including $3,469m charged against the merger reserve arising on the acquisition of HSBC Bank plc. The balance of $1,669m has been charged against retained earnings. | ||||||||||||||||||||||||||||||||||
[4] | Statutory share premium relief under Section 131 of the Companies Act 1985 (the ‘Act’) was taken in respect of the acquisition of HSBC Bank plc in 1992, HSBC France in 2000 and HSBC Finance Corporation in 2003, and the shares issued were recorded at their nominal value only. In HSBC’s consolidated financial statements, the fair value differences of $8,290m in respect of HSBC France and $12,768m in respect of HSBC Finance Corporation were recognised in the merger reserve. The merger reserve created on the acquisition of HSBC Finance Corporation subsequently became attached to HSBC Overseas Holdings (UK) Limited (‘HOHU’), following a number of intra-Group reorganisations. During 2009, pursuant to Section 131 of the Companies Act 1985, statutory share premium relief was taken in respect of the rights issue and $15,796m was recognised in the merger reserve. The merger reserve includes a deduction of $614m in respect of costs relating to the rights issue, of which $149m was subsequently transferred to the income statement. Of this $149m, $121m was a loss arising from accounting for the agreement with the underwriters as a contingent forward contract. The merger reserve excludes the loss of $344m on a forward foreign exchange contract associated with hedging the proceeds of the rights issue. | ||||||||||||||||||||||||||||||||||
[5] | At 31 December 2018, retained earnings includes 326,503,319 ($2,546m) of treasury shares (2017: 326,843,840 ($2,542m); 2016: 325,499,152 ($2,499m)). Treasury shares are held to fund employee share plans. | ||||||||||||||||||||||||||||||||||
[6] | HSBC Holdings distributable reserves at 31 December 2018 of $30,705m (2017: $38,031m) represents realised profits included in retained earnings of $14,974m (2017: $22,300m) and in merger reserve of $15,731m (2017: $15,731m). The distributable reserves are lower than retained earnings of $61,434m (2017: $23,903m). In 2018, income of $44,893m (2017:nil) generated from restructuring the Group’s Asia operation to meet resolution and recovery requirements does not form part of distributable reserves. | ||||||||||||||||||||||||||||||||||
[7] | Other paid-in capital arises from the exercise and lapse of share options granted to employees of HSBC Holdings subsidiaries. | ||||||||||||||||||||||||||||||||||
[8] | For further details, refer to Note 32. In February 2017, HSBC announced a share buy-back of up to $1.0bn, which was completed in April 2017. In July 2017, HSBC announced a share buy-back of up to $2.0bn, which was completed in November 2017. Shares bought back from these two buy-back programmes have been cancelled. In August 2016, HSBC announced a share buy-back of up to $2.5bn, which was completed in December 2016 and resulted in a net increase in shares held in treasury. | ||||||||||||||||||||||||||||||||||
[9] | The 2016 comparative figure for cash and cash equivalents was amended in 2017 to include loans and advances to HSBC undertakings of one month or less duration. | ||||||||||||||||||||||||||||||||||
[10] | During 2018, an actuarial gain of $1,180m has arisen as a result of the remeasurement of the defined benefit pension obligation of the HSBC Bank (UK) Pension Scheme. During 2017, an actuarial gain of $1,730m has arisen as a result of the remeasurement of the defined benefit pension obligation of the HSBC Bank (UK) Pension Scheme. Refer to Note 6 for further detail. | ||||||||||||||||||||||||||||||||||
[11] | During 2018, HSBC Holdings redeemed $2,200m 8.125% perpetual subordinated capital securities and its $3,800m 8.000% perpetual subordinated capital securities, Series 2, on which there were $172m of external issuance costs and $23m of intra-Group issuance costs wound down. | ||||||||||||||||||||||||||||||||||
[12] | The $350m at 31 December 2017 represents the IAS 39 available-for-sale fair value reserve as at 31 December 2017. | ||||||||||||||||||||||||||||||||||
[13] | Permitted transfers from the merger reserve to retained earnings were made when the investment in HSBC Overseas Holdings (UK) Limited was previously impaired. A part reversal of this impairment results in a transfer from retained earnings back to the merger reserve of $2,200m. | ||||||||||||||||||||||||||||||||||
[14] | Permitted transfers from the merger reserve to retained earnings were made when the investment in HSBC Overseas Holdings (UK) Limited was previously impaired. A part reversal of this impairment results in a transfer from retained earnings back to the merger reserve of $2,200m. | ||||||||||||||||||||||||||||||||||
[15] | For further details refer to Note 32 .In May 2018, HSBC announced a share buy-back of up to $2.0bn, which was completed in August 2018. | ||||||||||||||||||||||||||||||||||
[16] | This includes a re-presentation of the cancellation of shares to retained earnings and capital redemption reserve in respect of the 2017 share buy-back, under which retained earnings have been reduced by $3,000m, called up capital and share premium increased by $2,731m and other reserves increased by $269m. | ||||||||||||||||||||||||||||||||||
[17] | This includes a re-presentation of the cancellation of shares to retained earnings and capital redemption reserve in respect of the 2017 share buy-back, under which retained earnings has been reduced by $3,000m, share premium increased by $2,836m and other reserves increased by $164m. |
Consolidated statement of cha_2
Consolidated statement of changes in equity (Parenthetical) | 12 Months Ended | |||||||||||||
Dec. 31, 2018USD ($)$ / sharesshares | Dec. 31, 2017USD ($)$ / sharesshares | Dec. 31, 2016USD ($)$ / sharesshares | Dec. 31, 2018SGD ($)shares | May 31, 2018USD ($) | Jul. 31, 2017USD ($) | Feb. 28, 2017USD ($) | Aug. 31, 2016USD ($) | Dec. 31, 2009USD ($) | Dec. 31, 2003USD ($) | Dec. 31, 2000USD ($) | ||||
Reduction of issued capital | $ 6,088,000,000 | |||||||||||||
Cumulative goodwill | 5,138,000,000 | |||||||||||||
Gain (loss) on acquisition related costs | 149,000,000 | |||||||||||||
Gain (loss) on contingent forward contract | $ (121,000,000) | |||||||||||||
Dividends paid on ordinary shares per share (in usd per share) | $ / shares | $ 0.51 | $ 0.51 | $ 0.51 | |||||||||||
Total equity | $ 194,249,000,000 | $ 197,871,000,000 | $ 182,578,000,000 | |||||||||||
Cancellation of shares | (1,998,000,000) | [1],[2] | (3,000,000,000) | [3] | ||||||||||
– profit for the year | 15,025,000,000 | 11,879,000,000 | $ 3,446,000,000 | |||||||||||
Currency Risk, Rights Issue | ||||||||||||||
Gains (losses) on hedging instrument | (344,000,000) | |||||||||||||
Pension Plan | Principal plan | ||||||||||||||
Remeasurement effects recognised in other comprehensive income | 321,000,000 | (3,140,000,000) | ||||||||||||
Pension Plan | Principal plan | Present value of defined benefit obligations | ||||||||||||||
Remeasurement effects recognised in other comprehensive income | 1,180,000,000 | $ 1,730,000,000 | ||||||||||||
$3,000m 6.000% Perpetual Subordinated Contingent Convertible Securities | ||||||||||||||
Notional amount | $ 3,000,000,000 | |||||||||||||
Other equity instruments interest rate | 6.00% | 6.00% | ||||||||||||
EUR 1,250m 4.750% Perpetual Subordinated Contingent Convertible Securities | ||||||||||||||
Other equity instruments interest rate | 4.75% | 4.75% | ||||||||||||
$2,000m 6.875% Perpetual Subordinated Contingent Convertible Securities | ||||||||||||||
Notional amount | $ 2,000,000,000 | |||||||||||||
Other equity instruments interest rate | 6.875% | 6.875% | ||||||||||||
8.125% Perpetual Subordinated Capital Securities | ||||||||||||||
Notional amount | $ 2,200,000,000 | |||||||||||||
Other equity instruments interest rate | 8.125% | 8.125% | ||||||||||||
8.000% Perpetual Subordinated Capital Securities, Series 2 | ||||||||||||||
Notional amount | $ 3,800,000,000 | |||||||||||||
Other equity instruments interest rate | 8.00% | 8.00% | ||||||||||||
Contingent Convertible Securities | GBP 1,000m 5.875% Perpetual Subordinated Contingent Convertible Securities | ||||||||||||||
Other equity instruments interest rate | 5.875% | 5.875% | ||||||||||||
Contingent Convertible Securities | SGD 750m 5.000% Perpetual Subordinated Contingent Convertible Securities | ||||||||||||||
Notional amount | $ 750,000,000 | |||||||||||||
Other equity instruments interest rate | 5.00% | 5.00% | ||||||||||||
Contingent Convertible Securities | $3,000m 6.000% Perpetual Subordinated Contingent Convertible Securities | ||||||||||||||
Notional amount | $ 3,000,000,000 | |||||||||||||
Other equity instruments interest rate | 6.00% | 6.00% | ||||||||||||
Contingent Convertible Securities | SGD 1000m 4.700% Perpetual Subordinated Contingent Convertible Securities | ||||||||||||||
Notional amount | $ 1,000,000,000 | |||||||||||||
Other equity instruments interest rate | 4.70% | 4.70% | ||||||||||||
Contingent Convertible Securities | EUR 1,250m 4.750% Perpetual Subordinated Contingent Convertible Securities | ||||||||||||||
Other equity instruments interest rate | 4.75% | 4.75% | ||||||||||||
Contingent Convertible Securities | $2,000m 6.875% Perpetual Subordinated Contingent Convertible Securities | ||||||||||||||
Notional amount | $ 2,000,000,000 | |||||||||||||
Other equity instruments interest rate | 6.875% | 6.875% | ||||||||||||
Capital Securities Classified As Equity | 8.125% Perpetual Subordinated Capital Securities | ||||||||||||||
Other equity instruments interest rate | 8.125% | 8.125% | ||||||||||||
Capital Securities Classified As Equity | 8.000% Perpetual Subordinated Capital Securities, Series 2 | ||||||||||||||
Other equity instruments interest rate | 8.00% | 8.00% | ||||||||||||
Treasury shares | ||||||||||||||
Number of shares outstanding | shares | 379,926,645 | 360,590,019 | 353,356,251 | 379,926,645 | ||||||||||
Merger reserve | ||||||||||||||
Cumulative goodwill | $ 3,469,000,000 | |||||||||||||
Cumulative acquisition value | $ 15,796,000,000 | |||||||||||||
Cumulative acquisition costs | 614,000,000 | |||||||||||||
Total equity | [4] | 29,777,000,000 | $ 27,308,000,000 | $ 27,308,000,000 | ||||||||||
Transfers | [4],[5] | 2,200,000,000 | ||||||||||||
Merger reserve | HSBC France | ||||||||||||||
Cumulative acquisition value | $ 8,290,000,000 | |||||||||||||
Merger reserve | HSBC Finance Corporation | ||||||||||||||
Cumulative acquisition value | $ 12,768,000,000 | |||||||||||||
Retained earnings | ||||||||||||||
Reduction of issued capital | [6],[7] | 237,000,000 | ||||||||||||
Cumulative goodwill | 1,669,000,000 | |||||||||||||
Total equity | [6],[7] | 138,191,000,000 | 139,999,000,000 | 136,795,000,000 | ||||||||||
Transfers | [5],[6],[7] | (2,200,000,000) | ||||||||||||
Cancellation of shares | [1],[2],[6],[7] | (4,998,000,000) | ||||||||||||
– profit for the year | [6],[7] | 13,727,000,000 | 10,798,000,000 | 2,479,000,000 | ||||||||||
Called up share capital and share premium | ||||||||||||||
Total equity | 23,789,000,000 | 20,337,000,000 | 22,715,000,000 | |||||||||||
Cancellation of shares | [3] | (3,000,000,000) | ||||||||||||
Available-for-sale fair value reserve | ||||||||||||||
Total equity | $ (350,000,000) | [8] | $ (477,000,000) | |||||||||||
HSBC Holdings | ||||||||||||||
Reduction of issued capital | $ (6,079,000,000) | |||||||||||||
Dividends paid on ordinary shares per share (in usd per share) | $ / shares | $ 0.51 | $ 0.51 | $ 0.51 | |||||||||||
Total equity | $ 147,353,000,000 | $ 103,787,000,000 | $ 104,858,000,000 | |||||||||||
Cancellation of shares | (1,998,000,000) | [9] | (3,000,000,000) | |||||||||||
Distributable reserve | 30,705,000,000 | 38,031,000,000 | ||||||||||||
– profit for the year | 52,825,000,000 | 5,539,000,000 | 6,595,000,000 | |||||||||||
HSBC Holdings | Contingent Convertible Securities | ||||||||||||||
Payments for debt issue costs | 60,000,000 | 14,000,000 | 6,000,000 | |||||||||||
Intercompany debt issue costs | 49,000,000 | 37,000,000 | ||||||||||||
Tax effect of issuance of contingent convertible securities | 11,000,000 | 10,000,000 | 4,000,000 | |||||||||||
HSBC Holdings | Contingent Convertible Securities | $4,150m Perpetual Subordinated Contingent Convertible Securities | ||||||||||||||
Notional amount | 4,150,000,000 | |||||||||||||
HSBC Holdings | Contingent Convertible Securities | SGD 750m 5.000% Perpetual Subordinated Contingent Convertible Securities | ||||||||||||||
Notional amount | $ 750,000,000 | |||||||||||||
HSBC Holdings | Contingent Convertible Securities | $3,000m 6.000% Perpetual Subordinated Contingent Convertible Securities | ||||||||||||||
Notional amount | $ 3,000,000,000 | |||||||||||||
HSBC Holdings | Contingent Convertible Securities | $2,000m 6.875% Perpetual Subordinated Contingent Convertible Securities | ||||||||||||||
Notional amount | $ 2,000,000,000 | |||||||||||||
HSBC Holdings | Capital Securities Classified As Equity | ||||||||||||||
Payments for debt issue costs | 172,000,000 | |||||||||||||
Intercompany debt issue costs | 23,000,000 | |||||||||||||
HSBC Holdings | Capital Securities Classified As Equity | 8.125% Perpetual Subordinated Capital Securities | ||||||||||||||
Notional amount | $ 2,200 | |||||||||||||
Other equity instruments interest rate | 8.125% | 8.125% | ||||||||||||
HSBC Holdings | Capital Securities Classified As Equity | 8.000% Perpetual Subordinated Capital Securities, Series 2 | ||||||||||||||
Notional amount | $ 3,800,000,000 | |||||||||||||
Other equity instruments interest rate | 8.00% | 8.00% | ||||||||||||
HSBC Holdings | Treasury shares | ||||||||||||||
Number of shares outstanding | shares | 326,503,319 | 326,843,840 | 325,499,152 | 326,503,319 | ||||||||||
Total equity | $ 2,546,000,000 | $ 2,542,000,000 | $ 2,499,000,000 | |||||||||||
HSBC Holdings | Merger reserve | ||||||||||||||
Total equity | [10] | 37,599,000,000 | 35,127,000,000 | 35,127,000,000 | ||||||||||
Transfers | [10],[11] | 2,200,000,000 | ||||||||||||
Cancellation of shares | [9],[10] | 269,000,000 | ||||||||||||
Distributable reserve | 15,731,000,000 | 15,731,000,000 | ||||||||||||
HSBC Holdings | Retained earnings | ||||||||||||||
Reduction of issued capital | [10],[12] | 236,000,000 | ||||||||||||
Total equity | [10],[12] | 61,434,000,000 | 23,903,000,000 | 27,656,000,000 | ||||||||||
Transfers | [10],[11],[12] | (2,200,000,000) | ||||||||||||
Cancellation of shares | [10],[12] | (4,998,000,000) | [9] | 0 | ||||||||||
Distributable reserve | 14,974,000,000 | 22,300,000,000 | ||||||||||||
– profit for the year | [10],[12] | 52,825,000,000 | 5,539,000,000 | 6,595,000,000 | ||||||||||
HSBC Holdings | Retained earnings | HSBC Asia Holdings Overseas Limited | ||||||||||||||
– profit for the year | 44,893,000,000 | 0 | ||||||||||||
HSBC Holdings | Available-for-sale fair value reserve | ||||||||||||||
Total equity | 59,000,000 | 112,000,000 | ||||||||||||
HSBC Holdings | Share premium | ||||||||||||||
Total equity | 13,609,000,000 | 10,177,000,000 | $ 12,619,000,000 | |||||||||||
Cancellation of shares | 2,836,000,000 | [9] | $ (2,836,000,000) | |||||||||||
May 2018 Share Buy-Back Program | ||||||||||||||
Authorized amount for share buy-back program | $ 2,000,000,000 | |||||||||||||
February 2017 Share Buy-Back Program | ||||||||||||||
Authorized amount for share buy-back program | $ 1,000,000,000 | |||||||||||||
July 2017 Share Buy-Back Program | ||||||||||||||
Authorized amount for share buy-back program | $ 2,000,000,000 | |||||||||||||
August 2016 Share Buy-Back Program | ||||||||||||||
Authorized amount for share buy-back program | $ 2,500,000,000 | |||||||||||||
2017 Share Buy-Back Program | Merger reserve | ||||||||||||||
Cancellation of shares | [1],[2],[4] | 269,000,000 | ||||||||||||
2017 Share Buy-Back Program | Retained earnings | ||||||||||||||
Cancellation of shares | (3,000,000,000) | |||||||||||||
2017 Share Buy-Back Program | Called up share capital and share premium | ||||||||||||||
Cancellation of shares | [1],[2] | 2,731,000,000 | ||||||||||||
2017 Share Buy-Back Program | HSBC Holdings | Merger reserve | ||||||||||||||
Cancellation of shares | 164,000,000 | |||||||||||||
2017 Share Buy-Back Program | HSBC Holdings | Retained earnings | ||||||||||||||
Cancellation of shares | (3,000,000,000) | |||||||||||||
2017 Share Buy-Back Program | HSBC Holdings | Share premium | ||||||||||||||
Cancellation of shares | $ 2,836,000,000 | |||||||||||||
[1] | For further details refer to Note 32 .In May 2018, HSBC announced a share buy-back of up to $2.0bn, which was completed in August 2018. | |||||||||||||
[2] | This includes a re-presentation of the cancellation of shares to retained earnings and capital redemption reserve in respect of the 2017 share buy-back, under which retained earnings have been reduced by $3,000m, called up capital and share premium increased by $2,731m and other reserves increased by $269m. | |||||||||||||
[3] | For further details, refer to Note 32. In February 2017, HSBC announced a share buy-back of up to $1.0bn, which was completed in April 2017. In July 2017, HSBC announced a share buy-back of up to $2.0bn, which was completed in November 2017. Shares bought back from these two buy-back programmes have been cancelled. In August 2016, HSBC announced a share buy-back of up to $2.5bn, which was completed in December 2016 and resulted in a net increase in shares held in treasury. | |||||||||||||
[4] | Statutory share premium relief under Section 131 of the Companies Act 1985 (the ‘Act’) was taken in respect of the acquisition of HSBC Bank plc in 1992, HSBC France in 2000 and HSBC Finance Corporation in 2003, and the shares issued were recorded at their nominal value only. In HSBC’s consolidated financial statements, the fair value differences of $8,290m in respect of HSBC France and $12,768m in respect of HSBC Finance Corporation were recognised in the merger reserve. The merger reserve created on the acquisition of HSBC Finance Corporation subsequently became attached to HSBC Overseas Holdings (UK) Limited (‘HOHU’), following a number of intra-Group reorganisations. During 2009, pursuant to Section 131 of the Companies Act 1985, statutory share premium relief was taken in respect of the rights issue and $15,796m was recognised in the merger reserve. The merger reserve includes a deduction of $614m in respect of costs relating to the rights issue, of which $149m was subsequently transferred to the income statement. Of this $149m, $121m was a loss arising from accounting for the agreement with the underwriters as a contingent forward contract. The merger reserve excludes the loss of $344m on a forward foreign exchange contract associated with hedging the proceeds of the rights issue. | |||||||||||||
[5] | Permitted transfers from the merger reserve to retained earnings were made when the investment in HSBC Overseas Holdings (UK) Limited was previously impaired. A part reversal of this impairment results in a transfer from retained earnings back to the merger reserve of $2,200m. | |||||||||||||
[6] | At 31 December 2018, retained earnings included 379,926,645 treasury shares (2017: 360,590,019; 2016: 353,356,251). In addition, treasury shares are also held within HSBC’s Insurance business retirement funds for the benefit of policyholders or beneficiaries within employee trusts for the settlement of shares expected to be delivered under employee share schemes or bonus plans, and the market-making activities in Global Markets. | |||||||||||||
[7] | Cumulative goodwill amounting to $5,138m has been charged against reserves in respect of acquisitions of subsidiaries prior to 1 January 1998, including $3,469m charged against the merger reserve arising on the acquisition of HSBC Bank plc. The balance of $1,669m has been charged against retained earnings. | |||||||||||||
[8] | During 2018, an actuarial gain of $1,180m has arisen as a result of the remeasurement of the defined benefit pension obligation of the HSBC Bank (UK) Pension Scheme. During 2017, an actuarial gain of $1,730m has arisen as a result of the remeasurement of the defined benefit pension obligation of the HSBC Bank (UK) Pension Scheme. Refer to Note 6 for further detail. | |||||||||||||
[9] | This includes a re-presentation of the cancellation of shares to retained earnings and capital redemption reserve in respect of the 2017 share buy-back, under which retained earnings has been reduced by $3,000m, share premium increased by $2,836m and other reserves increased by $164m. | |||||||||||||
[10] | HSBC Holdings distributable reserves at 31 December 2018 of $30,705m (2017: $38,031m) represents realised profits included in retained earnings of $14,974m (2017: $22,300m) and in merger reserve of $15,731m (2017: $15,731m). The distributable reserves are lower than retained earnings of $61,434m (2017: $23,903m). In 2018, income of $44,893m (2017:nil) generated from restructuring the Group’s Asia operation to meet resolution and recovery requirements does not form part of distributable reserves. | |||||||||||||
[11] | Permitted transfers from the merger reserve to retained earnings were made when the investment in HSBC Overseas Holdings (UK) Limited was previously impaired. A part reversal of this impairment results in a transfer from retained earnings back to the merger reserve of $2,200m. | |||||||||||||
[12] | At 31 December 2018, retained earnings includes 326,503,319 ($2,546m) of treasury shares (2017: 326,843,840 ($2,542m); 2016: 325,499,152 ($2,499m)). Treasury shares are held to fund employee share plans. |
Basis of preparation and signif
Basis of preparation and significant accounting policies | 12 Months Ended |
Dec. 31, 2018 | |
Corporate Information And Statement Of IFRS Compliance [Abstract] | |
Basis of preparation and significant accounting policies | 1 Basis of preparation and significant accounting policies 1.1 Basis of preparation (a) Compliance with International Financial Reporting Standards The consolidated financial statements of HSBC and the separate financial statements of HSBC Holdings have been prepared in accordance with International Financial Reporting Standards (‘IFRSs’) as issued by the International Accounting Standards Board (‘IASB’), including interpretations issued by the IFRS Interpretations Committee, and as endorsed by the European Union (‘EU’). At 31 December 2018, there were no unendorsed standards effective for the year ended 31 December 2018 affecting these consolidated and separate financial statements, and HSBC’s application of IFRSs results in no differences between IFRSs as issued by the IASB and IFRSs as endorsed by the EU . Standards adopted during the year ended 31 December 2018 HSBC has adopted the requirements of IFRS 9 ‘Financial Instruments’ from 1 January 2018, with the exception of the provisions relating to the presentation of gains and losses on financial liabilities designated at fair value, which were adopted from 1 January 2017. This includes the adoption of ‘Prepayment Features with Negative Compensation (Amendments to IFRS 9)’, which is effective for annual periods beginning on or after 1 January 2019 with early adoption permitted. The effect of its adoption is not significant. IFRS 9 includes an accounting policy choice to remain with IAS 39 hedge accounting, which HSBC has exercised. The classification and measurement, and impairment requirements, are applied retrospectively by adjusting the opening balance sheet at the date of initial application. As permitted by IFRS 9, HSBC has not restated comparatives. Adoption reduced net assets at 1 January 2018 by $1,647m as set out in Note 37 of the Annual Report and Accounts 2018 . In addition, HSBC has adopted the requirements of IFRS 15 ‘Revenue from contracts with customers’ and a number of interpretations and amendments to standards, which have had an insignificant effect on the consolidated financial statements of HSBC and the separate financial statements of HSBC Holdings. IFRS 9 transitional requirements The transitional requirements of IFRS 9 necessitated a review of the designation of financial instruments at fair value. IFRS 9 requires that the designation is revoked where there is no longer an accounting mismatch at 1 January 2018 and permits designations to be revoked or additional designations created at 1 January 2018 if there are accounting mismatches at that date. As a result: • fair value designations for financial liabilities were revoked where the accounting mismatch no longer exists, as required by IFRS 9; and • fair value designations were revoked for certain long-dated securities where accounting mismatches continue to exist, but where HSBC has revoked the designation as permitted by IFRS 9 since it will better mitigate the accounting mismatch by undertaking fair value hedge accounting. The results of these changes are included in the reconciliation set out in Note 37. Changes in accounting policy While not necessarily required by the adoption of IFRS 9, the following voluntary changes in accounting policy and presentation were made as a result of reviews carried out in conjunction with its adoption. The effect of presentational changes at 1 January 2018 is included in the reconciliation set out in Note 37, and comparatives have not been restated. • We considered market practices for the presentation of certain financial liabilities, which contain both deposit and derivative components. We concluded that it would be appropriate to change the accounting policy and presentation of ‘trading customer accounts and other debt securities in issue’, to better align with the presentation of similar financial instruments by peers. This therefore provides more relevant information about the effect of these financial liabilities on our financial position and performance. As a result, rather than being classified as held for trading, we designate these financial liabilities as at fair value through profit or loss since they are managed and their performance evaluated on a fair value basis. A further consequence of this change in presentation is that the effects of changes in the liabilities’ credit risk are presented in ‘Other comprehensive income’, with the remaining effect presented in profit or loss in accordance with Group accounting policy adopted in 2017 (following the adoption of the requirements in IFRS 9 relating to the presentation of gains and losses on financial liabilities designated at fair value). • Cash collateral, margin and settlement accounts have been reclassified from ‘Trading assets’ and ‘Loans and advances to banks and customers’ to ‘Prepayments, accrued income and other assets’ and from ‘Trading liabilities’ and ‘Deposits by banks’ and ‘Customer accounts‘ to ‘Accruals, deferred income and other liabilities’. The change in presentation for financial assets is in accordance with IFRS 9 and the change in presentation for financial liabilities is considered to provide more relevant information, given the change in presentation for the financial assets. The change in presentation for financial liabilities has had no effect on the measurement of these items and therefore on retained earnings or profit for any period. • Certain stock borrowing assets have been reclassified from ‘Loans and advances to banks and customers’ to ‘Trading assets’. The change in measurement is a result of the determination of the global business model for this activity and will align the presentation throughout the Group. • Prior to 2018, foreign exchange exposure on some financial instruments designated at fair value was presented in the same line in the income statement as the underlying fair value movement on these instruments. In 2018, we have grouped the presentation of the entire effect of foreign exchange exposure in profit or loss and presented it within ‘Net income from financial instruments held for trading or managed on a fair value basis’. Comparative data has been re-presented. (b) Differences between IFRSs and Hong Kong Financial Reporting Standards There are no significant differences between IFRSs and Hong Kong Financial Reporting Standards in terms of their application to HSBC, and consequently there would be no significant differences had the financial statements been prepared in accordance with Hong Kong Financial Reporting Standards. The ‘Notes on the financial statements’, taken together with the ‘Report of the Directors’, include the aggregate of all disclosures necessary to satisfy IFRSs and Hong Kong reporting requirements. (c) Future accounting developments Minor amendments to IFRSs The IASB has published a number of minor amendments to IFRSs that are effective from 1 January 2019, some of which have been endorsed for use in the EU. HSBC expects they will have an insignificant effect, when adopted, on the consolidated financial statements of HSBC and the separate financial statements of HSBC Holdings. Major new IFRSs The IASB has published IFRS 16 ‘Leases’ and IFRS 17 ‘Insurance Contracts’. IFRS 16 has been endorsed for use in the EU and IFRS 17 has not yet been endorsed. In addition, an amendment to IAS 12 ‘Income Taxes’ has not yet been endorsed. IFRS 16 ‘Leases’ IFRS 16 ‘Leases’ has an effective date for annual periods beginning on or after 1 January 2019. IFRS 16 results in lessees accounting for most leases within the scope of the standard in a manner similar to the way in which finance leases are currently accounted for under IAS 17 ‘Leases’. Lessees will recognise a right of use (‘ROU’) asset and a corresponding financial liability on the balance sheet. The asset will be amortised over the length of the lease, and the financial liability measured at amortised cost. Lessor accounting remains substantially the same as under IAS 17. The Group expects to adopt the standard using a modified retrospective approach where the cumulative effect of initially applying it is recognised as an adjustment to the opening balance of retained earnings and comparatives are not restated. The implementation is expected to increase assets by approximately $5b n and increase financial liabilities by the same amount with no effect on net assets or retained earnings. IFRS 17 ‘Insurance Contracts’ IFRS 17 ‘Insurance Contracts’ was issued in May 2017, and sets out the requirements that an entity should apply in accounting for insurance contracts it issues and reinsurance contracts it holds. IFRS 17 is currently effective from 1 January 2021. However, the IASB is considering delaying the mandatory implementation date by one year and may make additional changes to the standard. The Group is in the process of implementing IFRS 17. Industry practice and interpretation of the standard is still developing and there may be changes to it, therefore the likely impact of its implementation remains uncertain. Amendment to IAS 12 ‘Income Taxes’ An amendment to IAS 12 was issued in December 2017 as part of the annual improvement cycle. The amendment clarifies that an entity should recognise the tax consequences of dividends where the transactions or events that generated the distributable profits are recognised. This amendment is effective for annual reporting periods beginning on or after 1 January 2019 and is applied to the income tax consequences of distributions recognised on or after the beginning of the earliest comparative period. As a result of its application , the income tax consequences of distributions on certain capital securities classified as equity will be presented in profit or loss rather than directly in equity. If the amendment had been applied in 2018, the impact for the year ended 31 December 2018 would have been a $261m increase in profit after tax (2017: $224m ) with no effect on equity. (d) Foreign currencies HSBC’s consolidated financial statements are presented in US dollars because the US dollar and currencies linked to it form the major currency bloc in which HSBC transacts and funds its business. The US dollar is also HSBC Holdings’ functional currency because the US dollar and currencies linked to it are the most significant currencies relevant to the underlying transactions, events and conditions of its subsidiaries, as well as representing a significant proportion of its funds generated from financing activities. Transactions in foreign currencies are recorded at the rate of exchange on the date of the transaction. Assets and liabilities denominated in foreign currencies are translated at the rate of exchange at the balance sheet date, except non-monetary assets and liabilities measured at historical cost, which are translated using the rate of exchange at the initial transaction date. Exchange differences are included in other comprehensive income or in the income statement depending on where the gain or loss on the underlying item is recognised. In the consolidated financial statements, the assets, liabilities and results of foreign operations, whose functional currency is not US dollars, are translated into the Group’s presentation currency at the reporting date. Exchange differences arising are recognised in other comprehensive income. On disposal of a foreign operation, exchange differences previously recognised in other comprehensive income are reclassified to the income statement. (e) Presentation of information Certain disclosures required by IFRSs have been included in the sections marked as (‘Audited’) in this Annual Report and Accounts as follows: • segmental disclosures are included in the ‘Report of the Directors: Financial summary’ on pages 34 to 91 ; • disclosures concerning the nature and extent of risks relating to insurance contracts and financial instruments are included in the ‘Report of the Directors: Risk’ on pages 100 to 192 ; • capital disclosures are included in the ‘Report of the Directors: Capital’ on pages 193 to 196 ; and • disclosures relating to HSBC’s securitisation activities and structured products are included in the ‘Report of the Directors: Risk’ on pages 100 to 192 . In accordance with the policy to provide disclosures that help investors and other stakeholders understand the Group’s performance, financial position and changes to them, the information provided in the ‘Notes on the financial statements’ and the ‘Report of the Directors’ goes beyond the minimum levels required by accounting standards, statutory and regulatory requirements and listing rules. In addition, HSBC follows the UK Finance Disclosure Code (‘the UKF Disclosure Code’). The UKF Disclosure Code aims to increase the quality and comparability of UK banks’ disclosures and sets out five disclosure principles together with supporting guidance agreed in 2010. In line with the principles of the UKF Disclosure Code, HSBC assesses good practice recommendations issued from time to time by relevant regulators and standard setters, and will assess the applicability and relevance of such guidance, enhancing disclosures where appropriate. (f) Critical accounting estimates and judgements The preparation of financial information requires the use of estimates and judgements about future conditions. In view of the inherent uncertainties and the high level of subjectivity involved in the recognition or measurement of items, highlighted as the ‘critical accounting estimates and judgements’ in section 1.2 below, it is possible that the outcomes in the next financial year could differ from those on which management’s estimates are based. This could result in materially different estimates and judgements from those reached by management for the purposes of these financial statements. Management’s selection of HSBC’s accounting policies that contain critical estimates and judgements reflects the materiality of the items to which the policies are applied and the high degree of judgement and estimation uncertainty involved. (g) Segmental analysis HSBC’s Chief Operating Decision Maker is the Group Chief Executive, who is supported by the rest of the Group Management Board (‘GMB’), which operates as a general management committee under the direct authority of the Board. Operating segments are reported in a manner consistent with the internal reporting provided to the Group Chief Executive and the GMB. Measurement of segmental assets, liabilities, income and expenses is in accordance with the Group’s accounting policies. Segmental income and expenses include transfers between segments, and these transfers are conducted at arm’s length. Shared costs are included in segments on the basis of the actual recharges made. (h) Going concern The financial statements are prepared on a going concern basis, as the Directors are satisfied that the Group and parent company have the resources to continue in business for the foreseeable future. In making this assessment, the Directors have considered a wide range of information relating to present and future conditions, including future projections of profitability, cash flows and capital resources. 1.2 Summary of significant accounting policies (a) Consolidation and related policies Investments in subsidiaries Where an entity is governed by voting rights, HSBC consolidates when it holds – directly or indirectly – the necessary voting rights to pass resolutions by the governing body. In all other cases, the assessment of control is more complex and requires judgement of other factors, including having exposure to variability of returns, power to direct relevant activities, and whether power is held as agent or principal. Business combinations are accounted for using the acquisition method. The amount of non-controlling interest is measured either at fair value or at the non-controlling interest’s proportionate share of the acquiree’s identifiable net assets. This election is made for each business combination. HSBC Holdings’ investments in subsidiaries are stated at cost less impairment losses. Goodwill Goodwill is allocated to cash-generating units (‘CGUs’) for the purpose of impairment testing, which is undertaken at the lowest level at which goodwill is monitored for internal management purposes. HSBC’s CGUs are based on geographical regions subdivided by global business, except for Global Banking and Markets, for which goodwill is monitored on a global basis. Impairment testing is performed at least once a year, or whenever there is an indication of impairment, by comparing the recoverable amount of a CGU with its carrying amount. Goodwill is included in a disposal group if the disposal group is a CGU to which goodwill has been allocated or it is an operation within such a CGU. The amount of goodwill included in a disposal group is measured on the basis of the relative values of the operation disposed of and the portion of the CGU retained. Critical accounting estimates and judgements The review of goodwill for impairment reflects management’s best estimate of the future cash flows of the CGUs and the rates used to discount these cash flows, both of which are subject to uncertain factors as follows: • The future cash flows of the CGUs are sensitive to the cash flows projected for the periods for which detailed forecasts are available and to assumptions regarding the long-term pattern of sustainable cash flows thereafter. Forecasts are compared with actual performance and verifiable economic data, but they reflect management’s view of future business prospects at the time of the assessment. • The rates used to discount future expected cash flows can have a significant effect on their valuation, and are based on the costs of capital assigned to individual CGUs. The cost of capital percentage is generally derived from a capital asset pricing model, which incorporates inputs reflecting a number of financial and economic variables, including the risk-free interest rate in the country concerned and a premium for the risk of the business being evaluated. These variables are subject to fluctuations in external market rates and economic conditions beyond management’s control. They are therefore subject to uncertainty and require the exercise of significant judgement. The accuracy of forecast cash flows is subject to a high degree of uncertainty in volatile market conditions. In such circumstances, management re-tests goodwill for impairment more frequently than once a year when indicators of impairment exist. This ensures that the assumptions on which the cash flow forecasts are based continue to reflect current market conditions and management’s best estimate of future business prospects. HSBC sponsored structured entities HSBC is considered to sponsor another entity if, in addition to ongoing involvement with the entity, it had a key role in establishing that entity or in bringing together relevant counterparties so the transaction that is the purpose of the entity could occur. HSBC is generally not considered a sponsor if the only involvement with the entity is merely administrative. Interests in associates and joint arrangements Joint arrangements are investments in which HSBC, together with one or more parties, has joint control. Depending on HSBC’s rights and obligations, the joint arrangement is classified as either a joint operation or a joint venture. HSBC classifies investments in entities over which it has significant influence, and that are neither subsidiaries nor joint arrangements, as associates. HSBC recognises its share of the assets, liabilities and results in a joint operation. Investments in associates and interests in joint ventures are recognised using the equity method. The attributable share of the results and reserves of joint ventures and associates is included in the consolidated financial statements of HSBC based on either financial statements made up to 31 December or pro-rated amounts adjusted for any material transactions or events occurring between the date the financial statements are available and Investments in associates and joint ventures are assessed at each reporting date and tested for impairment when there is an indication that the investment may be impaired. Goodwill on acquisitions of interests in joint ventures and associates is not tested separately for impairment, but is assessed as part of the carrying amount of the investment. Critical accounting estimates and judgements Impairment testing of investments in associates involves significant judgement in determining the value in use, and in particular estimating the present values of cash flows expected to arise from continuing to hold the investment. The most significant judgements relate to the impairment testing of our investment in Bank of Communications Co. Limited (‘BoCom’). Key assumptions used in estimating BoCom’s value in use, the sensitivity of the value in use calculation to different assumptions and a sensitivity analysis that shows the changes in key assumptions that would reduce the excess of value in use over the carrying amount (the ‘headroom’) to nil are described in Note 18. (b) Income and expense Operating income Interest income and expense Interest income and expense for all financial instruments, excluding those classified as held for trading or designated at fair value, are recognised in ‘Interest income’ and ‘Interest expense’ in the income statement using the effective interest method. However, as an exception to this, interest on debt securities issued by HSBC that are designated under the fair value option and on derivatives managed in conjunction with those debt securities is included in interest expense. Interest on credit-impaired financial assets is recognised using the rate of interest used to discount the future cash flows for the purpose of measuring the impairment loss. Non-interest income and expense HSBC generates fee income from services provided at a fixed price over time, such as account service and card fees, or when HSBC delivers a specific transaction at a point in time, such as broking services and import/export services. With the exception of certain fund management and performance fees, all other fees are generated at a fixed price. Fund management and performance fees can be variable depending on the size of the customer portfolio and HSBC’s performance as fund manager. Variable fees are recognised when all uncertainties are resolved. Fee income is generally earned from short-term contracts with payment terms that do not include a significant financing component. HSBC acts as principal in the majority of contracts with customers, with the exception of broking services. For most brokerage trades, HSBC acts as agent in the transaction and recognises broking income net of fees payable to other parties in the arrangement. HSBC recognises fees earned on transaction-based arrangements at a point in time when we have fully provided the service to the customer. Where the contract requires services to be provided over time, income is recognised on a systematic basis over the life of the agreement. Where HSBC offers a package of services that contains multiple non-distinct performance obligations, such as those included in account service packages, the promised services are treated as a single performance obligation. If a package of services contains distinct performance obligations, such as those including both account and insurance services, the corresponding transaction price is allocated to each performance obligation based on the estimated stand-alone selling prices. Dividend income is recognised when the right to receive payment is established. This is the ex-dividend date for listed equity securities, and usually the date when shareholders approve the dividend for unlisted equity securities. Net income/(expense) from financial instruments measured at fair value through profit or loss includes the following: • ‘Net income from financial instruments held for trading or managed on a fair value basis’: This comprises net trading income, which includes all gains and losses from changes in the fair value of financial assets and financial liabilities held for trading, together with the related interest income, expense and dividends. It also includes all gains and losses from changes in the fair value of derivatives that are managed in conjunction with financial assets and liabilities measured at fair value through profit or loss. • ‘Net income/(expense)from assets and liabilities of insurance businesses, including related derivatives, measured at fair value through profit or loss’: This includes interest income, interest expense and dividend income in respect of financial assets and liabilities measured at fair value through profit or loss; and those derivatives managed in conjunction with the above that can be separately identifiable from other trading derivatives. • ‘Changes in fair value of long-term debt and related derivatives’: Interest paid on the external long-term debt and interest cash flows on related derivatives is presented in interest expense. • ‘Changes in fair value of other financial instruments mandatorily measured at fair value through profit or loss’: This includes interest on instruments that fail the solely payments of principal and interest (‘SPPI’) test, see (d) below. The accounting policies for insurance premium income are disclosed in Note 1.2(j) . (c) Valuation of financial instruments All financial instruments are initially recognised at fair value. Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. The fair value of a financial instrument on initial recognition is generally its transaction price (that is, the fair value of the consideration given or received). However, if there is a difference between the transaction price and the fair value of financial instruments whose fair value is based on a quoted price in an active market or a valuation technique that uses only data from observable markets, HSBC recognises the difference as a trading gain or loss at inception (a ‘day 1 gain or loss’). In all other cases, the entire day 1 gain or loss is deferred and recognised in the income statement over the life of the transaction until the transaction matures, is closed out, the valuation inputs become observable or HSBC enters into an offsetting transaction. The fair value of financial instruments is generally measured on an individual basis. However, in cases where HSBC manages a group of financial assets and liabilities according to its net market or credit risk exposure, the fair value of the group of financial instruments is measured on a net basis but the underlying financial assets and liabilities are presented separately in the financial statements, unless they satisfy the IFRS offsetting criteria. Critical accounting estimates and judgements The majority of valuation techniques employ only observable market data. However, certain financial instruments are classified on the basis of valuation techniques that feature one or more significant market inputs that are unobservable, and for them the measurement of fair value is more judgemental. An instrument in its entirety is classified as valued using significant unobservable inputs if, in the opinion of management, greater than 5% of the instrument’s valuation is driven by unobservable inputs. ‘Unobservable’ in this context means that there is little or no current market data available from which to determine the price at which an arm’s length transaction would be likely to occur. It generally does not mean that there is no data available at all upon which to base a determination of fair value (consensus pricing data may, for example, be used). (d) Financial instruments measured at amortised cost Financial assets that are held to collect the contractual cash flows and which contain contractual terms that give rise on specified dates to cash flows that are solely payments of principal and interest are measured at amortised cost. Such financial assets include most loans and advances to banks and customers and some debt securities. In addition, most financial liabilities are measured at amortised cost. HSBC accounts for regular way amortised cost financial instruments using trade date accounting. The carrying value of these financial assets at initial recognition includes any directly attributable transactions costs. If the initial fair value is lower than the cash amount advanced, such as in the case of some leveraged finance and syndicated lending activities, the difference is deferred and recognised over the life of the loan through the recognition of interest income. HSBC may commit to underwriting loans on fixed contractual terms for specified periods of time. When the loan arising from the lending commitment is expected to be held for trading, the commitment to lend is recorded as a derivative. When HSBC intends to hold the loan, the loan commitment is included in the impairment calculations set out below. Non-trading reverse repurchase, repurchase and similar agreements When debt securities are sold subject to a commitment to repurchase them at a predetermined price (‘repos’), they remain on the balance sheet and a liability is recorded in respect of the consideration received. Securities purchased under commitments to resell (‘reverse repos’) are not recognised on the balance sheet and an asset is recorded in respect of the initial consideration paid. Non-trading repos and reverse repos are measured at amortised cost. The difference between the sale and repurchase price or between the purchase and resale price is treated as interest and recognised in net interest income over the life of the agreement. Contracts that are economically equivalent to reverse repo or repo agreements (such as sales or purchases of debt securities entered into together with total return swaps with the same counterparty) are accounted for similarly to, and presented together with, reverse repo or repo agreements. (e) Financial assets measured at fair value through other comprehensive income Financial assets held for a business model that is achieved by both collecting contractual cash flows and selling and which contain contractual terms that give rise on specified dates to cash flows that are solely payments of principal and interest are measured at fair value through other comprehensive income (‘FVOCI’). These comprise primarily debt securities. They are recognised on the trade date when HSBC enters into contractual arrangements to purchase and are normally derecognised when they are either sold or redeemed. They are subsequently remeasured at fair value and changes therein (except for those relating to impairment, interest income and foreign currency exchange gains and losses) are recognised in other comprehensive income until the assets are sold. Upon disposal, the cumulative gains or losses in other comprehensive income are recognised in the income statement as ‘Gains less losses from financial instruments’. Financial assets measured at FVOCI are included in the impairment calculations set out below and impairment is recognised in profit or loss. (f) Equity securities measured at fair value with fair value movements presented in other comprehensive income The equity securities for which fair value movements are shown in other comprehensive income are business facilitation and other similar investments where HSBC holds the investments other than to generate a capital return. Gains or losses on the derecognition of these equity securities are not transferred to profit or loss. Otherwise, equity securities are measured at fair value through profit or loss (except for dividend income which is recognised in profit or loss). (g) Financial instruments designated at fair value through profit or loss Financial instruments, other than those held for trading, are classified in this category if they meet one or more of the criteria set out below and are so designated irrevocably at inception: • the use of the designation removes or significantly reduces an accounting mismatch; • a group of financial assets and liabilities or a group of financial liabilities is managed and its performance is evaluated on a fair value basis, in accordance with a documented risk management or investment strategy; and • the financial liability contains one or more non-closely related embedded derivatives. Designated financial assets are recognised when HSBC enters into contracts with counterparties, which is generally on trade date, and are normally derecognised when th |
Net fee income
Net fee income | 12 Months Ended |
Dec. 31, 2018 | |
Analysis of income and expense [abstract] | |
Net fee income | 2 Net fee income Net fee income by global business 2018 2017 2016 Retail Commercial Global Global Private Corporate Centre Total Total Total $m $m $m $m $m $m $m $m Funds under management 1,383 134 421 284 (1 ) 2,221 2,188 2,076 Account services 991 748 332 106 — 2,177 2,244 2,417 Cards 1,575 370 16 — (5 ) 1,956 1,994 1,970 Credit facilities 71 824 813 16 (1 ) 1,723 1,718 1,795 Broking income 494 44 533 139 — 1,210 1,191 1,060 Unit trusts 937 25 3 73 — 1,038 1,010 863 Remittances 96 357 320 5 — 778 759 766 Global custody 100 18 584 35 (1 ) 736 692 662 Underwriting 1 10 708 4 — 723 829 705 Imports/exports 3 532 176 2 (4 ) 709 736 820 Insurance agency commission 354 23 1 27 (1 ) 404 410 419 Other 1,110 858 2,362 186 (2,147 ) 2,369 2,082 2,116 Fee income 7,115 3,943 6,269 877 (2,160 ) 16,044 15,853 15,669 Less: fee expense (1,917 ) (388 ) (3,040 ) (135 ) 2,056 (3,424 ) (3,042 ) (2,892 ) Net Fee income 5,198 3,555 3,229 742 (104 ) 12,620 12,811 12,777 Net Fee income includes $7,522m of fees earned on financial assets that are not at fair value through profit or loss (other than amounts included in determining the effective interest rate) (2017: $7,577m ; 2016: $7,732m ), $1,682m of fees payable on financial liabilities that are not at fair value through profit of loss (other than amounts included in determining the effective interest rate) (2017: $1,475m ; 2016: $1,214m ), $3,165m of fees earned on trust and other fiduciary activities (2017: $3,088m ; 2016: $2,926m ), and $175m of fees payable relating to trust and other fiduciary activities (2017: $134m ; 2016: $129m ). Comparatives for fees earned on trust and other fiduciary activities have been restated to align with current year treatment. |
Net income_(expense) from finan
Net income/(expense) from financial instruments measured at fair value through profit and loss | 12 Months Ended |
Dec. 31, 2018 | |
Analysis of income and expense [abstract] | |
Net income/(expense) from financial instruments measured at fair value through profit and loss | 3 Net income/(expense) from financial instruments measured at fair value through profit or loss 2018 2017 2016 Footnotes $m $m $m Net income/(expense) arising on: Net trading activities 1 6,982 8,236 7,473 Other instruments managed on a fair value basis 1 2,549 190 48 Net income from financial instruments held for trading or managed on a fair value basis 2 9,531 8,426 7,521 Financial assets held to meet liabilities under insurance and investment contracts (1,585 ) 3,211 1,480 Liabilities to customers under investment contracts 97 (375 ) (218 ) Net income from assets and liabilities of insurance businesses, including related derivatives, measured at fair value through profit or loss (1,488 ) 2,836 1,262 Changes in own credit spread on long-term debt 3 — — (1,793 ) Derivatives managed in conjunction with HSBC’s issued debt securities (626 ) (343 ) (1,604 ) Other changes in fair value 529 498 1,400 Changes in fair value of long-term debt and related derivatives 2 (97 ) 155 (1,997 ) Changes in fair value of other financial instruments mandatorily measured at fair value through profit or loss 695 N/A N/A Year ended 31 Dec 8,641 11,417 6,786 1 At 1 January 2018 we changed our accounting policy for financial liabilities that contain both deposit and derivative components. As a result, net income from these instruments is reported in ‘Other instruments managed on a fair value basis’ rather than ‘Trading activities’. Comparative periods have not been re-presented. Refer to Note 1 ‘Basis of preparation and accounting policies’ for further details. 2 Prior to 2018, foreign exchange exposure on some financial instruments designated at fair value was presented in the same line in the income statement as the underlying fair value movement on these instruments. In 2018, we grouped the presentation of the entire effect of foreign exchange exposure in profit or loss and presented it within ‘Net trading activities’ in ‘Net income from financial instruments held for trading or managed on a fair value basis’. Comparative data has been re-presented. There is no net impact on Total operating income and the impact on ‘Changes in fair value of long-term debt and related derivatives’ is $(517)m in 2017 and $1,978m in 2016. 3 From 1 January 2017, HSBC Holdings plc adopted, in its consolidated financial statements, the requirements of IFRS 9 ‘Financial Instruments’ relating to the presentation of gains and losses on financial liabilities designated at fair value. As a result, changes in fair value attributable to changes in own credit risk are presented in other comprehensive income with the remaining effect presented in profit or loss. HSBC Holdings 2018 2017 2016 $m $m $m Net income/(expense) arising on: - trading activities (176 ) (392 ) 119 - other instruments managed at on a fair value basis 421 211 — Net income from financial instruments held for trading or managed on a fair value basis 245 (181 ) 119 – derivatives managed in conjunction with HSBC Holdings issued debt securities (337 ) 292 (642 ) – other changes in fair value 260 (189 ) 593 Changes in fair value of long-term debt and related derivatives (77 ) 103 (49 ) Changes in fair value of other financial instruments mandatorily measured at fair value through profit or loss 43 — — Year ended 31 Dec 211 (78 ) 70 |
Insurance business
Insurance business | 12 Months Ended |
Dec. 31, 2018 | |
Insurance Contracts [Abstract] | |
Insurance business | 4 Insurance business Net insurance premium income Non-linked insurance Linked life insurance Investment contracts with DPF 1 Total $m $m $m $m Gross insurance premium income 8,616 422 2,300 11,338 Reinsurers’ share of gross insurance premium income (672 ) (7 ) — (679 ) Year ended 31 Dec 2018 7,944 415 2,300 10,659 Gross insurance premium income 8,424 351 2,027 10,802 Reinsurers’ share of gross insurance premium income (1,016 ) (7 ) — (1,023 ) Year ended 31 Dec 2017 7,408 344 2,027 9,779 Gross insurance premium income 8,036 675 1,877 10,588 Reinsurers’ share of gross insurance premium income (629 ) (8 ) — (637 ) Year ended 31 Dec 2016 7,407 667 1,877 9,951 1 Discretionary participation features. Net insurance claims and benefits paid and movement in liabilities to policyholders Non-linked insurance Linked life insurance Investment contracts with DPF 1 Total $m $m $m $m Gross claims and benefits paid and movement in liabilities 8,943 (446 ) 1,724 10,221 – claims, benefits and surrenders paid 3,852 1,088 1,869 6,809 – movement in liabilities 5,091 (1,534 ) (145 ) 3,412 Reinsurers’ share of claims and benefits paid and movement in liabilities (605 ) 191 — (414 ) – claims, benefits and surrenders paid (311 ) (181 ) — (492 ) – movement in liabilities (294 ) 372 — 78 Year ended 31 Dec 2018 8,338 (255 ) 1,724 9,807 Gross claims and benefits paid and movement in liabilities 8,894 1,413 2,901 13,208 – claims, benefits and surrenders paid 2,883 1,044 2,002 5,929 – movement in liabilities 6,011 369 899 7,279 Reinsurers’ share of claims and benefits paid and movement in liabilities (942 ) 65 — (877 ) – claims, benefits and surrenders paid (297 ) (223 ) — (520 ) – movement in liabilities (645 ) 288 — (357 ) Year ended 31 Dec 2017 7,952 1,478 2,901 12,331 Gross claims and benefits paid and movement in liabilities 8,778 1,321 2,409 12,508 – claims, benefits and surrenders paid 2,828 749 2,017 5,594 – movement in liabilities 5,950 572 392 6,914 Reinsurers’ share of claims and benefits paid and movement in liabilities (560 ) (78 ) — (638 ) – claims, benefits and surrenders paid (112 ) (14 ) — (126 ) – movement in liabilities (448 ) (64 ) — (512 ) Year ended 31 Dec 2016 8,218 1,243 2,409 11,870 1 Discretionary participation features. Liabilities under insurance contracts Non-linked insurance Linked life insurance Investment contracts with DPF 1 Total Footnotes $m $m $m $m Gross liabilities under insurance contracts at 1 Jan 2018 52,112 7,548 26,007 85,667 Impact on transition to IFRS 9 (69 ) — — (69 ) Claims and benefits paid (3,852 ) (1,088 ) (1,869 ) (6,809 ) Increase in liabilities to policyholders 8,943 (446 ) 1,724 10,221 Exchange differences and other movements 2 149 (225 ) (1,604 ) (1,680 ) Gross liabilities under insurance contracts at 31 Dec 2018 57,283 5,789 24,258 87,330 Reinsurers’ share of liabilities under insurance contracts (2,438 ) (68 ) — (2,506 ) Net liabilities under insurance contracts at 31 Dec 2018 54,845 5,721 24,258 84,824 Gross liabilities under insurance contracts at 1 Jan 2017 46,043 6,949 22,281 75,273 Claims and benefits paid (2,883 ) (1,044 ) (2,002 ) (5,929 ) Increase in liabilities to policyholders 8,894 1,413 2,901 13,208 Exchange differences and other movements 2 58 230 2,827 3,115 Gross liabilities under insurance contracts at 31 Dec 2017 52,112 7,548 26,007 85,667 Reinsurers’ share of liabilities under insurance contracts (2,203 ) (268 ) — (2,471 ) Net liabilities under insurance contracts at 31 Dec 2017 49,909 7,280 26,007 83,196 1 Discretionary participation features. 2 ‘Exchange differences and other movements’ includes movements in liabilities arising from net unrealised investment gains recognised in other comprehensive income. The key factors contributing to the movement in liabilities to policyholders included movements in the market value of assets supporting policyholder liabilities, death claims, surrenders, lapses, liabilities to policyholders created at the initial inception of the policies, the declaration of bonuses and other amounts attributable to policyholders. |
Operating profit
Operating profit | 12 Months Ended |
Dec. 31, 2018 | |
Analysis of income and expense [abstract] | |
Operating profit | 5 Operating profit Operating profit is stated after the following items: 2018 2017 2016 Footnotes $m $m $m Income Interest recognised on impaired financial assets 263 261 574 Interest recognised on financial assets measured at amortised cost 1 42,130 N/A N/A Interest recognised on financial assets measured at fair value through other comprehensive income 1 7,020 N/A N/A Expense Interest on financial instruments, excluding interest on financial liabilities held for trading or designated or otherwise mandatorily measured at fair value (16,972 ) (10,912 ) (11,858 ) Payments under lease and sublease agreements (879 ) (936 ) (969 ) – minimum lease payments (862 ) (911 ) (945 ) – contingent rents and sublease payments (17 ) (25 ) (24 ) UK bank levy (964 ) (916 ) (922 ) Restructuring provisions (73 ) (204 ) (415 ) Gains/(losses) Impairment of available-for-sale equity securities N/A (98 ) (36 ) Gains/(losses) recognised on assets held for sale 27 195 (206 ) Loss on net monetary position (136 ) — — Gain/(loss) on disposal of operations in Brazil (15 ) 19 (1,743 ) Change in expected credit loss charges and other credit impairment charges (1,767 ) N/A N/A – loans and advances to banks and customers (1,896 ) N/A N/A – loans commitments and guarantees 3 N/A N/A – other financial assets 21 N/A N/A – debt instruments measured at fair value though other comprehensive income 105 N/A N/A Loan impairment charges and other credit risk provisions N/A (1,769 ) (3,400 ) – net impairment charge on loans and advances N/A (1,992 ) (3,350 ) – release of impairment on available-for-sale debt securities N/A 190 63 – other credit risk provisions N/A 33 (113 ) External net operating income is attributed to countries and territories on the basis of the location of the branch responsible for reporting the results or advancing the funds: 2018 2017 2016 Footnotes $m $m $m External net operating income by country/territory 2 53,780 51,445 47,966 – UK 10,340 11,057 9,495 – Hong Kong 17,162 14,992 12,864 – US 4,379 4,573 5,094 – France 1,898 2,203 2,571 – other countries 20,001 18,620 17,942 1 Interest revenue calculated using the effective interest method comprises interest recognised on financial assets measured at either amortised cost or fair value through other comprehensive income. 2 Net operating income before change in expected credit losses and other credit impairment charges/Loan impairment charges and other credit risk provisions, also referred to as revenue. |
Employee compensation and benef
Employee compensation and benefits | 12 Months Ended |
Dec. 31, 2018 | |
Employee Compensation And Benefits [Abstract] | |
Employee compensation and benefits | 6 Employee compensation and benefits 2018 2017 2016 $m $m $m Wages and salaries 14,751 15,227 15,735 Social security costs 1,490 1,419 1,312 Post-employment benefits 1,132 669 1,042 Year ended 31 Dec 17,373 17,315 18,089 Average number of persons employed by HSBC during the year by global business Footnotes 2018 2017 2016 Retail Banking and Wealth Management 135,239 134,021 137,234 Commercial Banking 48,757 46,716 45,912 Global Banking and Markets 48,990 49,100 47,623 Global Private Banking 8,206 7,817 8,322 Corporate Centre 1 1,658 7,134 7,842 Year ended 31 Dec 242,850 244,788 246,933 1 The reduction in the average number of people employed was due to the completion of the cost to achieve transformation programme at the end of 2017. Average number of persons employed by HSBC during the year by geographical region 2018 2017 2016 Europe 67,007 70,301 71,196 Asia 127,992 125,004 122,282 Middle East and North Africa 9,798 10,408 12,021 North America 17,350 18,610 20,353 Latin America 20,703 20,465 21,081 Year ended 31 Dec 242,850 244,788 246,933 Reconciliation of total incentive awards granted to income statement charge 2018 2017 2016 $m $m $m Total incentive awards approved for the current year 3,473 3,303 3,035 Less: deferred bonuses awarded, expected to be recognised in future periods (351 ) (337 ) (323 ) Total incentives awarded and recognised in the current year 3,122 2,966 2,712 Add: current year charges for deferred bonuses from previous years 322 336 371 Other (70 ) (78 ) (128 ) Income statement charge for incentive awards 3,374 3,224 2,955 Year in which income statement is expected to reflect deferred bonuses Charge recognised Expected charge 2018 2017 2016 2019 2020 and beyond $m $m $m $m $m Variable compensation from 2018 bonus pool 150 — — 149 202 Variable compensation from 2017 bonus pool 180 162 — 60 29 Variable compensation from 2016 bonus pool and earlier 142 336 320 111 85 Total 472 498 320 320 316 Cash awards 169 184 114 102 113 Equity awards 303 314 206 218 203 Share-based payments ‘Wages and salaries’ includes the effect of share-based payments arrangements, of which $450m were equity settled (2017: $500m ; 2016: $534m ), as follows: 2018 2017 2016 $m $m $m Restricted share awards 499 520 591 Savings-related and other share award option plans 23 26 33 Year ended 31 Dec 522 546 624 HSBC share awards Award Policy Deferred share awards (including annual incentive awards, LTI awards delivered in shares) and Group Performance Share Plans (‘GPSP’) • An assessment of performance over the relevant period ending on 31 December is used to determine the amount of the award to be granted. International Employee Share Purchase Plan (‘ShareMatch’) • The plan was first introduced in Hong Kong in 2013 and now includes employees based in 27 jurisdictions. Movement on HSBC share awards 2018 2017 Number Number (000s) (000s) Restricted share awards outstanding at 1 Jan 104,525 123,166 Additions during the year 61,569 62,044 Released in the year (67,899 ) (76,051 ) Forfeited in the year (3,298 ) (4,634 ) Restricted share awards outstanding at 31 Dec 94,897 104,525 Weighted average fair value of awards granted ($) 7.66 7.09 HSBC share option plans Main plans Policy Savings-related share option plans (‘Sharesave’) • Two plans: the UK Plan and the International Plan. The last grant of options under the International Plan was in 2012. Calculation of fair values The fair values of share options are calculated using a Black-Scholes model. The fair value of a share award is based on the share price at the date of the grant. Movement on HSBC share option plans Savings-related Number WAEP 1 Footnotes (000s) £ Outstanding at 1 Jan 2018 64,670 4.49 Granted during the year 2 20,501 5.45 Exercised during the year 3 (23,260 ) 4.14 Expired during the year (3,148 ) 5.20 Forfeited during the year (1,698 ) 4.53 Outstanding at 31 Dec 2018 57,065 4.92 Of which exercisable 3,513 4.09 Weighted average remaining contractual life (years) 2.59 Outstanding at 1 Jan 2017 70,027 4.30 Granted during the year 2 10,447 5.96 Exercised during the year 3 (9,503 ) 4.83 Expired during the year (3,902 ) 4.45 Forfeited during the year (2,399 ) 4.27 Outstanding at 31 Dec 2017 64,670 4.49 Of which exercisable 1,129 5.00 Weighted average remaining contractual life (years) 2.42 1 Weighted average exercise price. 2 The weighted average fair value of options granted during the year was $1.40 (2017: $1.29 ). 3 The weighted average share price at the date the options were exercised was $8.28 (2017: $9.93 ). Post-employment benefit plans The Group operates pension plans throughout the world for its employees. ‘Pension risk management’ on page 126 contains details of the policies and practices associated with these pension plans. Some are defined benefit plans, of which the largest is the HSBC Bank (UK) Pension Scheme (‘the principal plan’). HSBC’s balance sheet includes the net surplus or deficit, being the difference between the fair value of plan assets and the discounted value of scheme liabilities at the balance sheet date for each plan. Surpluses are only recognised to the extent that they are recoverable through reduced contributions in the future or through potential future refunds from the schemes. In assessing whether a surplus is recoverable, HSBC has considered its current right to obtain a future refund or a reduction in future contributions. The principal plan The principal plan has a defined benefit section and a defined contribution section. The defined benefit section was closed to future benefit accrual in 2015, with defined benefits earned by employees at that date continuing to be linked to their salary while they remain employed by HSBC. The plan is overseen by an independent corporate trustee, who has a fiduciary responsibility for the operation of the plan. Its assets are held separately from the assets of the Group. The investment strategy of the plan is to hold the majority of assets in bonds, with the remainder in a diverse range of investments. It also includes some interest rate swaps to reduce interest rate risk and inflation swaps to reduce inflation risk. The latest funding valuation of the plan at 31 December 2016 was carried out by Colin G Singer, of Willis Towers Watson Limited, who is a Fellow of the UK Institute and Faculty of Actuaries, using the projected unit credit method. At that date, the market value of the plan’s combined assets was £30.2b n ( $37.2b n), and this exceeded the value placed on its liabilities on an ongoing basis by £1.3b n ( $1.6b n), giving a funding level of 104% . These figures include all sections of the plan and defined contribution assets amounting to £3.1b n ( $3.8b n). The main differences between the assumptions used for assessing the defined benefit liabilities for this funding valuation and those used for IAS 19 are more prudent assumptions for discount rate, inflation rate and life expectancy. Although the plan was in surplus at the valuation date, HSBC continues to make further contributions to the plan to support a lower-risk investment strategy over the longer term. The remaining contributions are £64m ( $82m ) in 2019, and £160m ( $204m ) in each of 2020 and 2021. To meet the requirements of the Banking Reform Act, the main employer of the plan changed from HSBC Bank plc to HSBC UK Bank plc with effect from 1 July 2018, with additional support from HSBC Holdings plc. At the same time, non-ring-fenced entities including HSBC Bank plc exited the section of the plan for ring-fenced entities and joined a newly created section for the future defined benefit and defined contribution pension benefits of their employees. These changes have not materially affected the overall funding position of the plan. The actuary also assessed the value of the liabilities if the plan were to be stopped and an insurance company asked to secure all future pension payments. This is generally larger than the amount needed on the ongoing basis described above because an insurance company would use more prudent assumptions and include an explicit allowance for the future administrative expenses of the plan. Under this approach, the amount of assets needed was estimated to be £38b n ( $47b n) at 31 December 2016. Guaranteed minimum pension (‘GMP’) equalisation On 26 October 2018, the High Court of Justice of England and Wales issued a judgment in a claim between Lloyds Banking Group Pension Trustees Limited as claimant and Lloyds Bank plc and others as defendants regarding the rights of men and women to equal treatment in relation to their benefits from certain pension schemes. The judgment concluded that the claimant is under a duty to amend the schemes in order to equalise benefits for men and women in relation to GMP benefits. The judgment also provided comments on the method to be adopted in order to equalise benefits, on the period during which a member can claim in respect of previously underpaid benefits, and on what should be done in relation to benefits that have been transferred into, and out of, the relevant schemes. The issues determined by the judgment arise in relation to many other occupational pension schemes and consequently will result in an increase in the principal plan’s liabilities. We have estimated the financial effect of equalising benefits in respect of GMPs, and any potential conversion of GMPs into non-GMP benefits, to be an approximate 0.8% increase in the plan’s liabilities, or £177m ( $226m ) on the IAS19 basis as at 31 December 2018. This has been recognised as a past service cost in profit and loss. The estimate was performed based on Method C2, which compares the accumulated benefits, with interest, payable to a member on their ‘own sex’ and an ‘opposite sex’ basis and each year pays the amount necessary to ensure the higher of the two accumulated amounts has been paid. Income statement charge 2018 2017 2016 $m $m $m Defined benefit pension plans 355 100 218 Defined contribution pension plans 756 603 783 Pension plans 1,111 703 1,001 Defined benefit and contribution healthcare plans 21 (34 ) 41 Year ended 31 Dec 1,132 669 1,042 Net assets/(liabilities) recognised on the balance sheet in respect of defined benefit plans Fair value of Present value of defined benefit Effect of Total $m $m $m $m Defined benefit pension plans 42,799 (36,583 ) (35 ) 6,181 Defined benefit healthcare plans 110 (524 ) — (414 ) At 31 Dec 2018 42,909 (37,107 ) (35 ) 5,767 Total employee benefit liabilities (within ‘Accruals, deferred income and other liabilities’) (2,167 ) Total employee benefit assets (within ‘Prepayments, accrued income and other assets’) 7,934 Defined benefit pension plans 47,265 (40,089 ) (37 ) 7,139 Defined benefit healthcare plans 124 (663 ) — (539 ) At 31 Dec 2017 47,389 (40,752 ) (37 ) 6,600 Total employee benefit liabilities (within ‘Accruals, deferred income and other liabilities’) (2,152 ) Total employee benefit assets (within ‘Prepayments, accrued income and other assets’) 8,752 HSBC Holdings Employee compensation and benefit expense in respect of HSBC Holdings’ employees in 2018 amounted to $37m (2017: $54m ). The average number of persons employed during 2018 was 43 (2017: 55 ). Employees who are members of defined benefit pension plans are principally members of either the HSBC Bank (UK) Pension Scheme or the HSBC International Staff Retirement Benefits Scheme. HSBC Holdings pays contributions to such plans for its own employees in accordance with the schedules of contributions determined by the trustees of the plans and recognises these contributions as an expense as they fall due. From 1 July 2016 employment costs of most employees are recognised by the ServCo group and the ServCo group started providing services to HSBC Holdings. HSBC Holdings recognised a management charge of $2,428m (2017: $2,240m ) for these services, which is included under ‘General and administrative expenses’. Defined benefit pension plans Net asset/(liability) under defined benefit pension plans Fair value of plan assets Present value of defined benefit obligations Effect of the asset ceiling Net defined benefit asset/(liability) Principal plan Other plans Principal plan Other plans Principal plan Other plans Principal plan Other plans $m $m $m $m $m $m $m $m At 1 Jan 2018 38,265 9,000 (30,126 ) (9,963 ) — (37 ) 8,139 (1,000 ) Current service cost — — (66 ) (157 ) — — (66 ) (157 ) Past service cost and gains/(losses) from settlements — — (280 ) 8 — — (280 ) 8 Service cost — — (346 ) (149 ) — — (346 ) (149 ) Net interest income/(cost) on the net defined benefit asset/(liability) 970 220 (759 ) (249 ) — (1 ) 211 (30 ) Remeasurement effects recognised in other comprehensive income (1,501 ) (568 ) 1,180 413 — — (321 ) (155 ) – return on plan assets (excluding interest income) (1,501 ) (568 ) — — — — (1,501 ) (568 ) – actuarial gains/(losses) — — 1,051 505 — — 1,051 505 – other changes — — 129 (92 ) — — 129 (92 ) Exchange differences (2,038 ) (151 ) 1,601 86 — 3 (437 ) (62 ) Contributions by HSBC 197 128 — — — — 197 128 – normal 197 128 — — — — 197 128 – special — — — — — — — — Contributions by employees — 26 — (26 ) — — — — Benefits paid (1,138 ) (538 ) 1,138 544 — — — 6 Administrative costs and taxes paid by plan (51 ) (22 ) 51 22 — — — — At 31 Dec 2018 34,704 8,095 (27,261 ) (9,322 ) — (35 ) 7,443 (1,262 ) Present value of defined benefit obligation relating to: – actives (5,337 ) (4,443 ) – deferreds (8,200 ) (1,589 ) – pensioners (13,724 ) (3,290 ) At 1 Jan 2017 33,442 8,955 (29,279 ) (10,468 ) — (24 ) 4,163 (1,537 ) Current service cost — — (65 ) (160 ) — — (65 ) (160 ) Past service cost and gains/(losses) from settlements — (833 ) (231 ) 1,051 — — (231 ) 218 Service cost — (833 ) (296 ) 891 — — (296 ) 58 Net interest income/(cost) on the net defined benefit asset/(liability) 864 272 (750 ) (300 ) — (1 ) 114 (29 ) Remeasurement effects recognised in other comprehensive income 1,410 784 1,730 (486 ) — (9 ) 3,140 289 – return on plan assets (excluding interest income) 1,410 784 — — — — 1,410 784 – actuarial gains/(losses) — — 954 (491 ) — (9 ) 954 (500 ) – other changes — — 776 5 — — 776 5 Exchange differences 3,292 239 (2,723 ) (306 ) — (3 ) 569 (70 ) Contributions by HSBC 449 236 — — — — 449 236 – normal 58 215 — — — — 58 215 – special 391 21 — — — — 391 21 Contributions by employees — 27 — (27 ) — — — — Benefits paid (1,143 ) (663 ) 1,143 716 — — — 53 Administrative costs and taxes paid by plan (49 ) (17 ) 49 17 — — — — At 31 Dec 2017 38,265 9,000 (30,126 ) (9,963 ) — (37 ) 8,139 (1,000 ) Present value of defined benefit obligation relating to: – actives (5,837 ) (5,084 ) – deferreds (8,745 ) (1,663 ) – pensioners (15,544 ) (3,216 ) HSBC expects to make $312 m of contributions to defined benefit pension plans during 2019. Benefits expected to be paid from the plans to retirees over each of the next five years, and in aggregate for the five years thereafter, are as follows: Benefits expected to be paid from plans 2019 2020 2021 2022 2023 2024 - 2028 Footnotes $m $m $m $m $m $m The principal plan 1 820 856 911 981 1,004 5,248 Other plans 1 442 517 522 514 469 2,286 1 The duration of the defined benefit obligation is 17.0 years for the principal plan under the disclosure assumptions adopted (2017: 17.4 years) and 13.3 years for all other plans combined (2017: 12.9 years). Fair value of plan assets by asset classes 31 Dec 2018 31 Dec 2017 Value Quoted No quoted Thereof 1 Value Quoted No quoted Thereof 1 $m $m $m $m $m $m $m $m The principal plan Fair value of plan assets 34,704 31,300 3,404 1,034 38,265 33,624 4,641 1,006 – equities 3,675 3,675 — — 6,131 5,503 628 — – bonds 26,509 26,509 — — 26,591 26,591 — — – derivatives 2,030 — 2,030 1,034 2,398 — 2,398 1,006 – other 2,490 1,116 1,374 — 3,145 1,530 1,615 — Other plans Fair value of plan assets 8,095 6,795 1,300 182 9,000 7,737 1,263 114 – equities 1,663 742 921 2 2,005 1,340 665 — – bonds 5,707 5,559 148 7 5,871 5,714 157 7 – derivatives 37 — 37 — — 39 (39 ) — – other 688 494 194 173 1,124 644 480 107 1 The fair value of plan assets includes derivatives entered into with HSBC Bank plc as detailed in Note 36 . Post-employment defined benefit plans’ principal actuarial financial assumptions HSBC determines the discount rates to be applied to its obligations in consultation with the plans’ local actuaries, on the basis of current average yields of high-quality (AA-rated or equivalent) debt instruments with maturities consistent with those of the defined benefit obligations. Key actuarial assumptions for the principal plan Discount rate Inflation rate Rate of increase for pensions Rate of pay increase % % % % UK At 31 Dec 2018 2.80 3.40 3.10 3.65 At 31 Dec 2017 2.60 3.40 3.10 3.88 At 31 Dec 2016 2.50 3.50 3.20 4.00 Mortality tables and average life expectancy at age 65 for the principal plan Mortality table Life expectancy at age 65 for a male member currently: Life expectancy at age 65 for a female member currently: Aged 65 Aged 45 Aged 65 Aged 45 UK At 31 Dec 2018 SAPS S2 1 21.6 22.9 24.1 25.6 At 31 Dec 2017 SAPS S2 2 22.2 23.6 24.4 25.9 1 Self-administered pension scheme (‘SAPS’) S2 table (males: 'All pensioners' version; females: 'Normal pensions' version) with a multiplier of 1.05 for male and 1.01 for female pensioners. Improvements are projected in accordance with the continuous mortality investigation (‘CMI’) core projection model 2016 with a long-term rate of improvement of 1.25% per annum. Separate tables assuming lighter mortality have been applied to higher-paid pensioners. 2 Self-administered pension scheme (‘SAPS’) S2 table (males: 'All pensioners' version; females: 'Normal pensions' version) with a multiplier of 0.98 for both male and female pensioners. Improvements are projected in accordance with the continuous mortality investigation (‘CMI’) core projection model 2016 with a long-term rate of improvement of 1.25% per annum. Separate tables assuming lighter mortality have been applied to higher-paid pensioners. The effect of changes in key assumptions on the principal plan Impact on HSBC Bank (UK) Pension Scheme obligation Financial impact of increase Financial impact of decrease 2018 2017 2018 2017 $m $m $m $m Discount rate – increase/decrease of 0.25% (1,097 ) (1,246 ) 1,170 1,333 Inflation rate – increase/decrease of 0.25% 734 850 (724 ) (837 ) Pension payments and deferred pensions – increase/decrease of 0.25% 1,172 1,077 (1,105 ) (1,021 ) Pay – increase/decrease of 0.25% 55 62 (56 ) (61 ) Change in mortality – increase of 1 year 1,494 1,332 N/A N/A Directors’ emoluments Details of Directors’ emoluments, pensions and their interests are disclosed in the Directors’ remuneration report on page 217 . |
Auditors' remuneration
Auditors' remuneration | 12 Months Ended |
Dec. 31, 2018 | |
Additional information [abstract] | |
Auditors' remuneration | 7 Auditors’ remuneration 2018 2017 2016 Footnotes $m $m $m Audit fees payable to PwC 1 86.6 84.8 65.7 Other audit fees payable 0.9 1.2 1.6 Year ended 31 Dec 87.5 86.0 67.3 Fees payable by HSBC to PwC 6 2018 2017 2016 Footnotes $m $m $m Fees for HSBC Holdings’ statutory audit 2 16.4 15.1 14.0 Fees for other services provided to HSBC 103.1 114.6 97.1 – audit of HSBC’s subsidiaries 3 70.2 69.7 51.7 – audit-related assurance services 4 11.4 10.8 17.8 – other assurance services 5 13.5 25.2 14.9 – taxation compliance services 1.4 1.2 1.9 – taxation advisory services 0.1 — 0.4 – other non-audit services 5 6.5 7.7 10.4 Year ended 31 Dec 119.5 129.7 111.1 No fees were payable by HSBC to PwC as principal auditor for the following types of services: internal audit services and services related to litigation, recruitment and remuneration. Fees payable by HSBC’s associated pension schemes to PwC 2018 2017 2016 $000 $000 $000 Audit of HSBC’s associated pension schemes 172 260 208 Audit-related assurance services — 4 4 Year ended 31 Dec 172 264 212 1 The 2016 audit fees payable amount includes $4.2m related to the prior year audit in respect of overruns. 2 Fees payable to PwC for the statutory audit of the consolidated financial statements of HSBC and the separate financial statements of HSBC Holdings. They include amounts payable for services relating to the consolidation returns of HSBC Holdings’ subsidiaries, which are clearly identifiable as being in support of the Group audit opinion. 3 Fees payable for the statutory audit of the financial statements of HSBC’s subsidiaries, including the 2017 and 2016 changes in scope and additional procedures performed due to the technology systems and data access controls matter as described on page 252 . 4 Including services for assurance and other services that relate to statutory and regulatory filings, including comfort letters and interim reviews and work performed related to the implementation of IFRS 9. 5 Including other permitted services relating to advisory, corporate finance transactions, etc. 6 The 2017 and 2016 comparative data has been re-presented to align to the current year presentation of fees payable. The totals remain unchanged for both 2017 and 2016. No fees were payable by HSBC’s associated pension schemes to PwC as principal auditor for the following types of services: internal audit services, other assurance services, services related to corporate finance transactions, valuation and actuarial services, litigation, recruitment and remuneration, and information technology. In addition to the above, the estimated fees paid to PwC by third parties associated with HSBC amount to $14.0m (2017: $3.5m ; 2016: $4.3m ). In these cases, HSBC is connected with the contracting party and may therefore be involved in appointing PwC. These fees arise from services such as auditing mutual funds managed by HSBC and reviewing the financial position of corporate concerns that borrow from HSBC. Fees payable for non-audit services for HSBC Holdings are not disclosed separately because such fees are disclosed on a consolidated basis for the HSBC Group. |
Tax
Tax | 12 Months Ended |
Dec. 31, 2018 | |
Income Taxes [Abstract] | |
Tax | 8 Tax Tax expense 2018 2017 2016 Footnotes $m $m $m Current tax 1 4,195 4,264 3,669 – for this year 4,158 4,115 3,525 – adjustments in respect of prior years 37 149 144 Deferred tax 670 1,024 (3 ) – origination and reversal of temporary differences 656 (228 ) (111 ) – effect of changes in tax rates 17 1,337 (4 ) – adjustments in respect of prior years (3 ) (85 ) 112 Year ended 31 Dec 4,865 5,288 3,666 1 Current tax included Hong Kong profits tax of $1,532m (2017: $1,350m ; 2016: $1,118m ). The Hong Kong tax rate applying to the profits of subsidiaries assessable in Hong Kong was 16.5% (2017: 16.5% ; 2016: 16.5% ). Tax reconciliation The tax charged to the income statement differs from the tax charge that would apply if all profits had been taxed at the UK corporation tax rate as follows: 2018 2017 2016 $m % $m % $m % Profit before tax 19,890 17,167 7,112 Tax expense Taxation at UK corporation tax rate of 19.00% (2017: 19.25%; 2016: 20.0%) 3,779 19.00 3,305 19.25 1,422 20.00 Impact of differently taxed overseas profits in overseas locations 264 1.3 407 2.3 43 0.6 Items increasing tax charge in 2018: – local taxes and overseas withholding taxes 437 2.2 618 3.6 434 6.1 – UK tax losses not recognised 435 2.2 70 0.4 305 4.3 – other permanent disallowables 396 2.0 400 2.3 438 6.2 – UK banking surcharge 229 1.1 136 0.8 199 2.8 – bank levy 191 1.0 180 1.0 170 2.4 – non-deductible regulatory settlements 153 0.8 (132 ) (0.8 ) 20 0.3 – impacts of hyperinflation 78 0.4 — — — — – adjustments in respect of prior period liabilities 34 0.2 64 0.4 256 3.6 – non-UK tax losses not recognised 32 0.2 33 0.2 147 2.1 – change in tax rates 17 0.1 49 0.3 (4 ) (0.1 ) – non-deductible UK customer compensation 16 0.1 166 1.0 162 2.3 – deferred tax remeasurement due to US federal tax rate reduction — — 1,288 7.5 — — – non-deductible goodwill write-down — — — — 648 9.1 – non-deductible loss and taxes suffered on Brazil disposal — — — — 464 6.5 Items reducing tax charge in 2018: – non-taxable income and gains (691 ) (3.5 ) (766 ) (4.4 ) (577 ) (8.1 ) – effect of profits in associates and joint ventures (492 ) (2.5 ) (481 ) (2.8 ) (461 ) (6.5 ) – other items (13 ) (0.1 ) — — — — – other deferred tax temporary differences previously not recognised — — (49 ) (0.3 ) — — Year ended 31 Dec 4,865 24.5 5,288 30.8 3,666 51.6 The Group’s profits are taxed at different rates depending on the country or territory in which the profits arise. The key applicable tax rates for 2018 include Hong Kong ( 16.5% ), the US ( 21% ) and the UK ( 19% ). If the Group’s profits were taxed at the statutory rates of the countries in which the profits arose, then the tax rate for the year would have been 20.30% (2017: 21.15% ). The effective tax rate for the year was 24.5% (2017: 30.8% ). The effective tax rate for 2018 was significantly lower than for 2017 as 2017 included a charge of $1.3bn relating to the remeasurement of US deferred tax balances to reflect the reduction in the US federal tax rate to 21% from 2018. Accounting for taxes involves some estimation because the tax law is uncertain and its application requires a degree of judgement, which authorities may dispute. Liabilities are recognised based on best estimates of the probable outcome, taking into account external advice where appropriate. We do not expect significant liabilities to arise in excess of the amounts provided. HSBC only recognises current and deferred tax assets where recovery is probable. Movement of deferred tax assets and liabilities Loan Unused tax Derivatives, 1 and other Insurance Expense Other Total Footnotes $m $m $m $m $m $m $m Assets 713 1,373 1,282 — 643 2,313 6,324 Liabilities — — (93 ) (1,182 ) — (2,355 ) (3,630 ) At 1 Jan 2018 713 1,373 1,189 (1,182 ) 643 (42 ) 2,694 IFRS 9 transitional adjustment 358 — (411 ) — — 459 406 Income statement (72 ) (203 ) 51 (104 ) 19 (361 ) (670 ) Other comprehensive income — — (722 ) — — 190 (532 ) Equity — — — — — (23 ) (23 ) Foreign exchange and other adjustments (17 ) (14 ) 9 15 (33 ) (4 ) (44 ) At 31 Dec 2018 982 1,156 116 (1,271 ) 629 219 1,831 Assets 2 982 1,156 492 — 629 1,889 5,148 Liabilities 2 — — (376 ) (1,271 ) — (1,670 ) (3,317 ) Assets 950 2,212 1,441 — 893 1,857 7,353 Liabilities — — (274 ) (1,170 ) — (1,369 ) (2,813 ) At 1 Jan 2017 950 2,212 1,167 (1,170 ) 893 488 4,540 Income statement (235 ) (873 ) (397 ) 12 (269 ) 738 (1,024 ) Other comprehensive income 3 (6 ) 368 — — (1,255 ) (890 ) Equity — — — — — 29 29 Foreign exchange and other adjustments (5 ) 40 51 (24 ) 19 (42 ) 39 At 31 Dec 2017 713 1,373 1,189 (1,182 ) 643 (42 ) 2,694 Assets 2 713 1,373 1,282 — 643 2,313 6,324 Liabilities 2 — — (93 ) (1,182 ) — (2,355 ) (3,630 ) 1 Fair value of own debt. 2 After netting off balances within countries, the balances as disclosed in the accounts are as follows: deferred tax assets $4,450m (2017: $4,676m ) and deferred tax liabilities $2,619m (2017: $1,982m ). In applying judgement in recognising deferred tax assets, management has critically assessed all available information, including future business profit projections and the track record of meeting forecasts. The net deferred tax asset of $1.8b n (2017: $2.7b n) includes $3.0b n (2017: $3.2b n) of deferred tax assets relating to the US, of which $1b n relates to US tax losses that expire in 15 – 19 years. Management expects the US deferred tax asset to be substantially recovered in six to seven years, with the majority recovered in the first five years. The most recent financial forecasts approved by management covers a five -year period and the forecasts have been extrapolated beyond five years by assuming that performance remains constant after the fifth year. US tax reform enacted in late 2017 and effective from 2018 included a reduction in the federal rate of tax from 35% to 21% and the introduction of a base erosion anti-abuse tax. The US deferred tax asset at 31 December 2017 was calculated using the rate of 21%. The remeasurement of the deferred tax asset due to the reduction in tax rate resulted in charges of $1.3b n to the income statement and $0.3b n to other comprehensive income during 2017. The impact of the base erosion anti-abuse tax is currently uncertain, and will depend on the finalisation of regulatory guidance and the actions management may take. It is not currently expected that the base erosion anti-abuse tax will have a material impact on the Group’s future tax charges. Unrecognised deferred tax The amount of gross temporary differences, unused tax losses and tax credits for which no deferred tax asset is recognised in the balance sheet was $8.9b n (2017: $18.1b n). These amounts included unused state losses arising in the Group’s US operations of $0.8b n (2017: $12.3b n). Of the total amounts unrecognised, $7.0b n (2017: $4.8b n) had no expiry date, $1.3b n (2017: $0.8b n) was scheduled to expire within 10 years and the remaining balance is expected to expire after 10 years . Deferred tax is not recognised in respect of the Group’s investments in subsidiaries and branches where HSBC is able to control the timing of remittance or other realisation and where remittance or realisation is not probable in the foreseeable future. The aggregate temporary differences relating to unrecognised deferred tax liabilities arising on investments in subsidiaries and branches is $13.2b n (2017: $12.1b n) and the corresponding unrecognised deferred tax liability is $0.9b n (2017: $0.8b n). |
Dividends
Dividends | 12 Months Ended |
Dec. 31, 2018 | |
Interim Financial Reporting [Abstract] | |
Dividends | 9 Dividends Dividends to shareholders of the parent company 2018 2017 2016 Per Total Settled Per Total Settled Per Total Settled $ $m $m $ $m $m $ $m $m Dividends paid on ordinary shares In respect of previous year: – fourth interim dividend 0.21 4,197 393 0.21 4,169 1,945 0.21 4,137 408 In respect of current year: – first interim dividend 0.10 2,008 213 0.10 2,005 826 0.10 1,981 703 – second interim dividend 0.10 1,990 181 0.10 2,014 193 0.10 1,991 994 – third interim dividend 0.10 1,992 707 0.10 2,005 242 0.10 1,990 935 Total 0.51 10,187 1,494 0.51 10,193 3,206 0.51 10,099 3,040 Total dividends on preference shares classified as equity (paid quarterly) 62.00 90 62.00 90 62.00 90 Total coupons on capital securities classified as equity 1,270 1,268 1,090 Dividends to shareholders 11,547 11,551 11,279 Total coupons on capital securities classified as equity 2018 2017 2016 Total Total Total Footnotes First call date Per security $m $m $m Perpetual subordinated capital securities 1, 3 $2,200m issued at 8.125% Apr 2013 $2.032 89 179 179 $3,800m issued at 8.000% Dec 2015 $2.000 76 304 304 Perpetual subordinated contingent convertible securities 2, 3 $1,500m issued at 5.625% Jan 2020 $56.250 84 84 84 $2,000m issued at 6.875% Jun 2021 $68.750 138 138 69 $2,250m issued at 6.375% Sep 2024 $63.750 143 143 143 $2,450m issued at 6.375% Mar 2025 $63.750 156 156 156 $3,000m issued at 6.000% May 2027 $60.000 180 90 — $2,350m issued at 6.250% Mar 2023 $62.500 73 — — $1,800m issued at 6.500% Mar 2028 $65.000 59 — — €1,500m issued at 5.250% Sep 2022 €52.500 95 89 88 €1,000m issued at 6.000% Sep 2023 €60.000 72 68 67 €1,250m issued at 4.750% July 2029 €47.500 70 — — SGD1,000m issued at 4.700% Jun 2022 SGD47.000 35 17 — Total 1,270 1,268 1,090 1 Discretionary coupons are paid quarterly on the perpetual subordinated capital securities, in denominations of $25 per security. 2 Discretionary coupons are paid semi-annually on the perpetual subordinated contingent convertible securities, in denominations of each security’s issuance currency 1,000 per security. 3 Further details of these securities can be found in Note 32 . After the end of the year, the Directors declared a fourth interim dividend in respect of the financial year ended 31 December 2018 of $0.21 per ordinary share, a distribution of approximately $4,205 m. The fourth interim dividend will be payable on 8 April 2019 to holders on the Principal Register in the UK, the Hong Kong Overseas Branch Register or the Bermuda Overseas Branch Register on 22 February 2019. No liability was recorded in the financial statements in respect of the fourth interim dividend for 2018. On 4 January 2019, HSBC paid a coupon on its €1,250m subordinated capital securities, representing a total distribution of €30m ( $34m ) . On 17 January 2019, HSBC paid a coupon on its $1,500m subordinated capital securities issued at 5.625% of $28.125 per security, a distribution of $42m . No liability was recorded in the balance sheet at 31 December 2018 in respect of these coupon payments. |
Earnings per share
Earnings per share | 12 Months Ended |
Dec. 31, 2018 | |
Earnings per share [abstract] | |
Earning per share | 10 Earnings per share Basic earnings per ordinary share is calculated by dividing the profit attributable to ordinary shareholders of the parent company by the weighted average number of ordinary shares outstanding, excluding own shares held. Diluted earnings per ordinary share is calculated by dividing the basic earnings, which require no adjustment for the effects of dilutive potential ordinary shares, by the weighted average number of ordinary shares outstanding, excluding own shares held, plus the weighted average number of ordinary shares that would be issued on conversion of dilutive potential ordinary shares. Profit attributable to the ordinary shareholders of the parent company 2018 2017 2016 $m $m $m Profit attributable to shareholders of the parent company 13,727 10,798 2,479 Dividend payable on preference shares classified as equity (90 ) (90 ) (90 ) Coupon payable on capital securities classified as equity (1,029 ) (1,025 ) (1,090 ) Year ended 31 Dec 12,608 9,683 1,299 Basic and diluted earnings per share 2018 2017 2016 Profit Number of shares Per share Profit Number of shares Per share Profit Number of shares Per share Footnotes $m (millions) $ $m (millions) $ $m (millions) $ Basic 1 12,608 19,896 0.63 9,683 19,972 0.48 1,299 19,753 0.07 Effect of dilutive potential ordinary shares 87 100 92 Diluted 1 12,608 19,983 0.63 9,683 20,072 0.48 1,299 19,845 0.07 1 Weighted average number of ordinary shares outstanding (basic) or assuming dilution (diluted). The number of anti-dilutive employee share options excluded from the weighted average number of dilutive potential ordinary shares is nil (2017: nil ; 2016: 10m ). |
Trading assets
Trading assets | 12 Months Ended |
Dec. 31, 2018 | |
Financial Instruments [Abstract] | |
Trading assets | 11 Trading assets 2018 2017 Footnotes $m $m Treasury and other eligible bills 22,674 17,532 Debt securities 130,539 107,486 Equity securities 60,896 99,260 Trading securities 214,109 224,278 Loans and advances to banks 1, 2 10,425 26,057 Loans and advances to customers 1, 2 13,596 37,660 Year ended 31 Dec 3 238,130 287,995 1 Loans and advances to banks and customers include reverse repos, stock borrowing and other accounts. 2 Settlement accounts, cash collateral and margin receivables included within 'Loans and advances to banks' and 'Loans and advances to customers' were reclassified from ‘Trading assets’ to ‘Other assets’ on 1 January 2018 and comparative data was not restated. This reclassification was in accordance with IFRS 9. 3 Information regarding the effects of adoption of IFRS 9 can be found in Note 37. Trading Securities 1 2018 2017 Footnotes $m $m US Treasury and US Government agencies 2 34,664 15,995 UK Government 9,710 9,540 Hong Kong Government 10,772 10,070 Other governments 66,530 58,858 Asset-backed securities 3 3,351 2,986 Corporate debt and other securities 28,186 27,569 Equity securities 60,896 99,260 At 31 Dec 214,109 224,278 1 Included within these figures are debt securities issued by banks and other financial institutions of $18,918m (2017: $18,585m ), of which $2,367m (2017: $906m ) are guaranteed by various governments. 2 Includes securities that are supported by an explicit guarantee issued by the US Government. 3 Excludes asset-backed securities included under US Treasury and US Government agencies. |
Fair values of financial instru
Fair values of financial instruments carried at fair value | 12 Months Ended |
Dec. 31, 2018 | |
Fair Value Measurement [Abstract] | |
Fair values of financial instruments carried at fair value | 12 Fair values of financial instruments carried at fair value Control framework Fair values are subject to a control framework designed to ensure that they are either determined or validated by a function independent of the risk taker. Where fair values are determined by reference to externally quoted prices or observable pricing inputs to models, independent price determination or validation is used. For inactive markets, HSBC sources alternative market information, with greater weight given to information that is considered to be more relevant and reliable. Examples of the factors considered are price observability, instrument comparability, consistency of data sources, underlying data accuracy and timing of prices. For fair values determined using valuation models, the control framework includes development or validation by independent support functions of the model logic, inputs, model outputs and adjustments. Valuation models are subject to a process of due diligence before becoming operational and are calibrated against external market data on an ongoing basis. Changes in fair value are generally subject to a profit and loss analysis process and are disaggregated into high-level categories including portfolio changes, market movements and other fair value adjustments. The majority of financial instruments measured at fair value are in GB&M. GB&M’s fair value governance structure comprises its Finance function, Valuation Committees and a Valuation Committee Review Group. Finance is responsible for establishing procedures governing valuation and ensuring fair values are in compliance with accounting standards. The fair values are reviewed by the Valuation Committees, which consist of independent support functions. These committees are overseen by the Valuation Committee Review Group, which considers all material subjective valuations. Financial liabilities measured at fair value In certain circumstances, HSBC records its own debt in issue at fair value, based on quoted prices in an active market for the specific instrument. When quoted market prices are unavailable, the own debt in issue is valued using valuation techniques, the inputs for which are either based on quoted prices in an inactive market for the instrument or are estimated by comparison with quoted prices in an active market for similar instruments. In both cases, the fair value includes the effect of applying the credit spread that is appropriate to HSBC’s liabilities. The change in fair value of issued debt securities attributable to the Group’s own credit spread is computed as follows: for each security at each reporting date, an externally verifiable price is obtained or a price is derived using credit spreads for similar securities for the same issuer. Then, using discounted cash flow, each security is valued using a Libor-based discount curve. The difference in the valuations is attributable to the Group’s own credit spread. This methodology is applied consistently across all securities. Structured notes issued and certain other hybrid instruments are included within trading liabilities and are measured at fair value. The credit spread applied to these instruments is derived from the spreads at which HSBC issues structured notes. Gains and losses arising from changes in the credit spread of liabilities issued by HSBC recorded in other comprehensive income, reverse over the contractual life of the debt, provided that the debt is not repaid at a premium or a discount. Fair value hierarchy Fair values of financial assets and liabilities are determined according to the following hierarchy: • Level 1 – valuation technique using quoted market price: financial instruments with quoted prices for identical instruments in active markets that HSBC can access at the measurement date. • Level 2 – valuation technique using observable inputs: financial instruments with quoted prices for similar instruments in active markets or quoted prices for identical or similar instruments in inactive markets and financial instruments valued using models where all significant inputs are observable. • Level 3 – valuation technique with significant unobservable inputs: financial instruments valued using valuation techniques where one or more significant inputs are unobservable. Financial instruments carried at fair value and bases of valuation 2018 2017 Level 1 Level 2 Level 3 Total Level 1 Level 2 Level 3 Total $m $m $m $m $m $m $m $m Recurring fair value measurements Assets Trading assets 178,100 53,271 6,759 238,130 181,168 101,775 5,052 287,995 Financial assets designated and otherwise mandatorily measured at fair value through profit or loss 23,125 12,494 5,492 41,111 N/A N/A N/A N/A Derivatives 1,868 203,534 2,423 207,825 1,017 216,357 2,444 219,818 Financial assets designated at fair value N/A N/A N/A N/A 24,622 3,382 1,460 29,464 Financial investments 263,885 78,882 2,000 344,767 227,943 104,692 3,432 336,067 Liabilities Trading liabilities 66,300 18,073 58 84,431 62,710 117,451 4,200 184,361 Financial liabilities designated at fair value 6,815 136,362 5,328 148,505 4,164 90,265 — 94,429 Derivatives 2,845 201,234 1,756 205,835 1,635 213,242 1,944 216,821 The increase in Level 3 assets in 2018 was primarily due to new private equity investments and new derivative transactions with unobservable inputs. Transfers between Level 1 and Level 2 fair values Assets Liabilities Financial investments Trading assets Designated Derivatives Trading liabilities Designated at fair value Derivatives $m $m $m $m $m $m $m At 31 Dec 2018 Transfers from Level 1 to Level 2 367 435 2 1 79 — — Transfers from Level 2 to Level 1 17,861 4,959 85 128 1,821 — 138 At 31 Dec 2017 Transfers from Level 1 to Level 2 2,231 1,507 — — 35 — — Transfers from Level 2 to Level 1 11,173 1,384 — — 683 — — Transfers between levels of the fair value hierarchy are deemed to occur at the end of each quarterly reporting period. Transfers into and out of levels of the fair value hierarchy are primarily attributable to observability of valuation inputs and price transparency. Fair value adjustments Fair value adjustments are adopted when HSBC determines there are additional factors considered by market participants that are not incorporated within the valuation model. Movements in the level of fair value adjustments do not necessarily result in the recognition of profits or losses within the income statement, such as when models are enhanced and therefore fair value adjustments may no longer be required. Global Banking & Markets (‘GB&M’) and Corporate Centre fair value adjustments 2018 2017 GB&M Corporate Centre GB&M Corporate Centre $m $m $m $m Type of adjustment Risk-related 1,042 138 1,078 79 – bid-offer 430 76 413 5 – uncertainty 99 6 91 8 – credit valuation adjustment (‘CVA’) 442 52 420 59 – debit valuation adjustment (‘DVA’) (198 ) — (82 ) — – funding fair value adjustment (‘FFVA’) 256 4 233 7 – other 13 — 3 — Model-related 79 3 92 13 – model limitation 79 3 92 6 – other — — — 7 Inception profit (Day 1 P&L reserves) (Note 15) 85 — 106 — At 31 Dec 1,206 141 1,276 92 Bid-offer IFRS 13 ‘Fair value measurement’ requires use of the price within the bid-offer spread that is most representative of fair value. Valuation models will typically generate mid-market values. The bid-offer adjustment reflects the extent to which bid-offer costs would be incurred if substantially all residual net portfolio market risks were closed using available hedging instruments or by disposing of or unwinding the position. Uncertainty Certain model inputs may be less readily determinable from market data, and/or the choice of model itself may be more subjective. In these circumstances, an adjustment may be necessary to reflect the likelihood that market participants would adopt more conservative values for uncertain parameters and/or model assumptions than those used in HSBC’s valuation model. Credit and debit valuation adjustments The CVA is an adjustment to the valuation of over-the-counter (‘OTC’) derivative contracts to reflect the possibility that the counterparty may default and that HSBC may not receive the full market value of the transactions. The DVA is an adjustment to the valuation of OTC derivative contracts to reflect the possibility that HSBC may default, and that it may not pay the full market value of the transactions. HSBC calculates a separate CVA and DVA for each legal entity, and for each counterparty to which the entity has exposure. With the exception of central clearing parties, all third-party counterparties are included in the CVA and DVA calculations, and these adjustments are not netted across Group entities. HSBC calculates the CVA by applying the probability of default (‘PD’) of the counterparty, conditional on the non-default of HSBC, to HSBC’s expected positive exposure to the counterparty and multiplying the result by the loss expected in the event of default. Conversely, HSBC calculates the DVA by applying the PD of HSBC, conditional on the non-default of the counterparty, to the expected positive exposure of the counterparty to HSBC and multiplying the result by the loss expected in the event of default. Both calculations are performed over the life of the potential exposure. For most products HSBC uses a simulation methodology, which incorporates a range of potential exposures over the life of the portfolio, to calculate the expected positive exposure to a counterparty. The simulation methodology includes credit mitigants, such as counterparty netting agreements and collateral agreements with the counterparty. The methodologies do not, in general, account for ‘wrong-way risk’. Wrong-way risk is an adverse correlation between the counterparty’s probability of default and the mark-to-market value of the underlying transaction. The risk can either be general, perhaps related to the currency of the issuer country, or specific to the transaction concerned. When there is significant wrong-way risk, a trade-specific approach is applied to reflect this risk in the valuation. Funding fair value adjustment The FFVA is calculated by applying future market funding spreads to the expected future funding exposure of any uncollateralised component of the OTC derivative portfolio. The expected future funding exposure is calculated by a simulation methodology, where available, and is adjusted for events that may terminate the exposure, such as the default of HSBC or the counterparty. The FFVA and DVA are calculated independently. Model limitation Models used for portfolio valuation purposes may be based upon a simplified set of assumptions that do not capture all current and future material market characteristics. In these circumstances, model limitation adjustments are adopted. Inception profit (Day 1 P&L reserves) Inception profit adjustments are adopted when the fair value estimated by a valuation model is based on one or more significant unobservable inputs. The accounting for inception profit adjustments is discussed in Note 1 . Fair value valuation bases Financial instruments measured at fair value using a valuation technique with significant unobservable inputs – Level 3 Assets Liabilities Financial investments Held for trading Designated and otherwise mandatorily measured at fair value through profit or loss Derivatives Total Held for trading Designated at fair value Derivatives Total $m $m $m $m $m $m $m $m $m Private equity including strategic investments 427 20 5,106 — 5,553 12 — — 12 Asset-backed securities 1,030 1,140 32 — 2,202 — — — — Loans held for securitisation — — 49 — 49 — — — — Structured notes — 3 — — 3 46 5,328 — 5,374 Derivatives with monolines — — — 65 65 — — — — Other derivatives — — — 2,358 2,358 — — 1,755 1,755 Other portfolios 543 5,596 305 — 6,444 — — 1 1 At 31 Dec 2018 2,000 6,759 5,492 2,423 16,674 58 5,328 1,756 7,142 Assets Liabilities Available for sale Held for trading Designated at fair value Derivatives Total Held for trading Designated at fair value Derivatives Total $m $m $m $m $m $m $m $m $m Private equity including strategic investments 2,012 38 1,458 — 3,508 20 — — 20 Asset-backed securities 1,300 1,277 — — 2,577 — — — — Loans held for securitisation — 24 — — 24 — — — — Structured notes — 3 — — 3 4,180 — — 4,180 Derivatives with monolines — — — 113 113 — — — — Other derivatives — — — 2,331 2,331 — — 1,944 1,944 Other portfolios 120 3,710 2 — 3,832 — — — — At 31 Dec 2017 3,432 5,052 1,460 2,444 12,388 4,200 — 1,944 6,144 Level 3 instruments are present in both ongoing and legacy businesses. Loans held for securitisation, derivatives with monolines, certain ‘other derivatives’ and predominantly all Level 3 ABSs are legacy positions. HSBC has the capability to hold these positions. Private equity including strategic investments The fair value of a private equity investments (including strategic investments) is estimated on the basis of an analysis of the investee’s financial position and results, risk profile, prospects and other factors; by reference to market valuations for similar entities quoted in an active market; or the price at which similar companies have changed ownership. Asset-backed securities While quoted market prices are generally used to determine the fair value of the asset-backed securities (‘ABSs’), valuation models are used to substantiate the reliability of the limited market data available and to identify whether any adjustments to quoted market prices are required. For certain ABSs, such as residential mortgage-backed securities, the valuation uses an industry standard model with assumptions relating to prepayment speeds, default rates and loss severity based on collateral type, and performance, as appropriate. The valuations output is benchmarked for consistency against observable data for securities of a similar nature. Structured notes The fair value of Level 3 structured notes is derived from the fair value of the underlying debt security, and the fair value of the embedded derivative is determined as described in the paragraph below on derivatives. These structured notes comprise principally equity-linked notes issued by HSBC, which provide the counterparty with a return linked to the performance of equity securities and other portfolios. Examples of the unobservable parameters include long-dated equity volatilities and correlations between equity prices, and interest and foreign exchange rates. Derivatives OTC derivative valuation models calculate the present value of expected future cash flows, based upon ‘no arbitrage’ principles. For many vanilla derivative products, the modelling approaches used are standard across the industry. For more complex derivative products, there may be some differences in market practice. Inputs to valuation models are determined from observable market data wherever possible, including prices available from exchanges, dealers, brokers or providers of consensus pricing. Certain inputs may not be observable in the market directly, but can be determined from observable prices via model calibration procedures or estimated from historical data or other sources. Reconciliation of fair value measurements in Level 3 of the fair value hierarchy Movement in Level 3 financial instruments Assets Liabilities Financial investments Trading assets Designated and otherwise mandatorily measured at fair value through profit or loss Derivatives Trading liabilities Designated at fair value Derivatives Footnotes $m $m $m $m $m $m $m At 1 Jan 2018 1,767 5,080 3,958 2,444 93 4,107 1,949 Total gains/(losses) recognised in profit or loss 251 284 608 597 (4 ) (637 ) 255 – net income from financial instruments held for trading or managed on a fair value basis — 284 — 597 (4 ) — 255 – net income from assets and liabilities of insurance businesses, including related derivatives, measured at fair value through profit or loss — — — — — — — – changes in fair value of other financial instruments mandatorily measured at fair value through profit or loss — — 608 — — (637 ) — – gains less losses from financial investments at fair value through other comprehensive income 251 — — — — — — – expected credit loss charges and other credit risk charges — — — — — — — – fair value gains transferred to the income statement on disposal — — — — — — — Total gains/(losses) recognised in other comprehensive income (‘OCI’) 1 17 (274 ) (107 ) (113 ) (3 ) (144 ) (82 ) – financial investments: fair value gains/(losses) 15 — — — — — — – cash flow hedges: fair value gains/(losses) — — 6 6 — — 2 – fair value gains transferred to the income statement on disposal — — — — — — — – exchange differences 2 (274 ) (113 ) (119 ) (3 ) (144 ) (84 ) Purchases 275 4,377 2,172 — 3 76 — New issuances — 975 — — 6 2,442 — Sales (51 ) (1,589 ) (395 ) — (11 ) — — Settlements (141 ) (2,021 ) (541 ) (191 ) (2 ) (32 ) (18 ) Transfers out (685 ) (1,402 ) (285 ) (337 ) (24 ) (1,112 ) (464 ) Transfers in 567 1,329 82 23 — 628 116 At 31 Dec 2018 2,000 6,759 5,492 2,423 58 5,328 1,756 Unrealised gains/(losses) recognised in profit or loss relating to assets and liabilities held at 31 Dec 2018 — (5 ) 199 342 (5 ) 274 (351 ) – net income from financial instruments held — (5 ) — 342 (5 ) — (351 ) – net income from assets and liabilities of insurance businesses, including related derivatives measured at fair value through profit or loss — — — — — — — – changes in fair value of other financial — — 199 — — 274 — – loan impairment recoveries and other credit — — — — — — — Movement in Level 3 financial instruments (continued) Assets Liabilities Available for sale Held for trading Designated at fair value through profit or loss Derivatives Held for trading Designated at fair value through profit or loss Derivatives Footnotes $m $m $m $m $m $m $m At 1 Jan 2017 3,476 6,489 730 2,752 3,582 37 2,300 Total gains/(losses) recognised in profit or loss 351 (188 ) (107 ) 152 154 (5 ) 400 – trading income/(expense) excluding net interest income — (188 ) — 152 154 — 400 – net income from other financial instruments designated at fair value — — (107 ) — — (5 ) — – gains less losses from financial investments 313 — — — — — — – loan impairment charges and other credit risk provisions (‘LICs’) 38 — — — — — — Total gains/(losses) recognised in other comprehensive income (‘OCI’) 1 71 106 7 188 169 1 120 – available-for-sale investments: fair value gains/(losses) (30 ) — — — — — — – cash flow hedges: fair value gains/(losses) — (1 ) 3 (23 ) — — (35 ) – exchange differences 101 107 4 211 169 1 155 Purchases 200 1,503 1,127 2 5 — 23 New issuances — — — 1 1,915 — — Sales (939 ) (3,221 ) (130 ) (8 ) (12 ) — (12 ) Settlements (69 ) (331 ) (166 ) (60 ) (998 ) — (123 ) Transfers out (565 ) (149 ) (3 ) (885 ) (678 ) (33 ) (1,030 ) Transfers in 907 843 2 302 63 — 266 At 31 Dec 2017 3,432 5,052 1,460 2,444 4,200 — 1,944 Unrealised gains/(losses) recognised in profit or loss relating to assets and liabilities held at 31 Dec 2017 16 (110 ) (146 ) 218 (117 ) — (397 ) – trading income/(expense) excluding net interest income — (110 ) — 218 (117 ) — (397 ) – net income from other financial instruments designated at fair value — — (146 ) — — — — – loan impairment charges and other credit risk provisions 16 — — — — — — 1 Included in ‘Available-for-sale investments: fair value gains/(losses)’ in prior years or 'Debt Instruments at fair value through other comprehensive income’ in 2018 and ‘Exchange differences’ in the consolidated statement of comprehensive income. Transfers between levels of the fair value hierarchy are deemed to occur at the end of each quarterly reporting period. Transfers into and out of levels of the fair value hierarchy are primarily attributable to observability of valuation inputs and price transparency. Effect of changes in significant unobservable assumptions to reasonably possible alternatives Sensitivity of Level 3 fair values to reasonably possible alternative assumptions 2018 2017 Reflected in profit or loss Reflected in OCI Reflected in profit or loss Reflected in OCI Favourable Un- Favourable Un- Favourable Un- Favourable Un- Footnotes $m $m $m $m $m $m $m $m Derivatives, trading assets and trading liabilities 1 269 (257 ) — — 372 (253 ) — — Designated and otherwise mandatorily measured at fair value through profit or loss 394 (310 ) — — 89 (74 ) — — Financial investments 34 (36 ) 23 (22 ) 53 (30 ) 128 (149 ) At 31 Dec 697 (603 ) 23 (22 ) 514 (357 ) 128 (149 ) 1 Derivatives, trading assets and trading liabilities are presented as one category to reflect the manner in which these instruments are risk managed. Sensitivity of Level 3 fair values to reasonably possible alternative assumptions by instrument type 2018 2017 Reflected in profit or loss Reflected in OCI Reflected in profit or loss Reflected in OCI Favourable Un- Favourable Un- Favourable Un- Favourable Un- $m $m $m $m $m $m $m $m Private equity including strategic investments 400 (317 ) — — 142 (105 ) 117 (102 ) Asset-backed securities 62 (34 ) 23 (22 ) 66 (39 ) 3 (39 ) Loans held for securitisation 1 (1 ) — — 1 (1 ) — — Structured notes 13 (13 ) — — 12 (9 ) — — Derivatives with monolines — — — — — — — — Other derivatives 157 (153 ) — — 249 (150 ) — — Other portfolios 64 (85 ) — — 44 (53 ) 8 (8 ) At 31 Dec 697 (603 ) 23 (22 ) 514 (357 ) 128 (149 ) The sensitivity analysis aims to measure a range of fair values consistent with the application of a 95% confidence interval. Methodologies take account of the nature of the valuation technique employed, as well as the availability and reliability of observable proxy and historical data. When the fair value of a financial instrument is affected by more than one unobservable assumption, the above table reflects the most favourable or the most unfavourable change from varying the assumptions individually. Key unobservable inputs to Level 3 financial instruments The following table lists key unobservable inputs to Level 3 financial instruments, and provides the range of those inputs at 31 December 2018 . The core range of inputs is the estimated range within which 90% of the inputs fall. Quantitative information about significant unobservable inputs in Level 3 valuations Fair value 2018 2017 Assets Liabilities Valuation Key unobservable Full range Core range 1 Full range Core range 1 Footnotes $m $m Lower Higher Lower Higher Lower Higher Lower Higher Private equity including 5,554 12 See below See below n/a n/a n/a n/a n/a n/a n/a n/a Asset-backed securities 2 2,202 — – CLO/CDO 394 — Market proxy Prepayment rate 0% 10% 0% 10% 2% 7% 2% 7% Market proxy Bid quotes 0 100 50 100 0 101 6 53 – other ABSs 1,808 — Market proxy Bid quotes 0 271 71 99 0 103 34 98 Loans held for securitisation 49 — Structured notes 3 5,374 – equity-linked notes — 3,882 Model – Equity volatility 8% 79% 13% 53% 7% 47% 14% 30% Model – Option model Equity correlation 17% 93% 40% 77% 33% 95% 45% 72% – fund-linked notes — 83 Model – Option model Fund volatility 21% 21% 21% 21% 6% 15% 6% 15% – FX-linked notes — 1,382 Model – Option model FX volatility 1% 27% 3% 25% 3% 20% 4% 13% – other 3 27 Derivatives with monolines 65 — Model – Discounted Credit spread 0.2% 1% 0.2% 1% 0.4% 3% 1% 3% Other derivatives 2,358 1,755 – Interest rate derivatives: securitisation swaps 233 700 Model – Discounted Prepayment 6% 7% 6% 7% 20% 90% 20% 90% long-dated swaptions 1,019 27 Model – Option model IR volatility 13% 39% 14% 36% 8% 41% 15% 31% other 250 148 – FX derivatives: FX options 186 244 Model – Option model FX volatility 1% 27% 7% 12% 0.7% 50% 5% 11% other 113 77 – Equity derivatives: long-dated single stock options 215 267 Model – Option model Equity volatility 5% 83% 5% 81% 7% 84% 15% 44% other 310 216 – Credit derivatives: other 32 76 Other portfolios 6,443 1 – structured certificates 3,013 — Model – Discounted cash flow Credit volatility 2% 4% 2% 4% 2% 4% 2% 4% – other 3 3,430 1 At 31 Dec 2018 16,674 7,142 1 The core range of inputs is the estimated range within which 90% of the inputs fall. 2 Collateralised loan obligation/collateralised debt obligation. 3 ‘Other’ includes a range of smaller asset holdings. Private equity including strategic investments Given the bespoke nature of the analysis in respect of each private equity holding, it is not practical to quote a range of key unobservable inputs. Prepayment rates Prepayment rates are a measure of the anticipated future speed at which a loan portfolio will be repaid in advance of the due date. They vary according to the nature of the loan portfolio and expectations of future market conditions, and may be estimated using a variety of evidence, such as prepayment rates implied from proxy observable security prices, current or historical prepayment rates and macroeconomic modelling. Market proxy Market proxy pricing may be used for an instrument when specific market pricing is not available but there is evidence from instruments with common characteristics. In some cases it might be possible to identify a specific proxy, but more generally evidence across a wider range of instruments will be used to understand the factors that influence current market pricing and the manner of that influence. Volatility Volatility is a measure of the anticipated future variability of a market price. It varies by underlying reference market price, and by strike and maturity of the option. Certain volatilities, typically those of a longer-dated nature, are unobservable and are estimated from observable data. The range of unobservable volatilities reflects the wide variation in volatility inputs by reference market price. The core range is significantly narrower than the full range because these examples with extreme volatilities occur relatively rarely within the HSBC portfolio. Correlation Correlation is a measure of the inter-relationship between two market prices and is expressed as a number between minus one and one. It is used to value more complex instruments where the payout is dependent upon more than one market price. There is a wide range of instruments for which correlation is an input, and consequently a wide range of both same-asset correlations and cross-asset correlations is used. In general, the range of same-asset correlations will be narrower than the range of cross-asset correlations. Unobservable correlations may be estimated based upon a range of evidence, including consensus pricing services, HSBC trade prices, proxy correlations and examination of historical price relationships. The range of unobservable correlations quoted in the table reflects the wide variation in correlation inputs by market price pair. Credit spread Credit spread is the premium over a benchmark interest rate required by the market to accept lower credit quality. In a discounted cash flow model, the credit spread increases the discount factors applied to future cash flows, thereby reducing the value of an asset. Credit spreads may be implied from market prices and may not be observable in more illiquid markets. Inter-relationships between key unobservable inputs Key unobservable inputs to Level 3 financial instruments may not be independent of each other. As described above, market variables may be correlated. This correlation typically reflects the manner in which different markets tend to react to macroeconomic or other events. Furthermore, the effect of changing market variables on the HSBC portfolio will depend on HSBC’s net risk position in respect of each variable. HSBC Holdings Basis of valuing HSBC Holdings’ financial assets and liabilities measured at fair value 2018 2017 $m $m Valuation technique using observable inputs: Level 2 Assets at 31 Dec – derivatives 707 2,388 – financial investments — 4,264 – designated and otherwise mandatorily measured at fair value through profit or loss 23,513 11,944 Liabilities at 31 Dec – designated at fair value 25,049 30,890 – derivatives 2,159 3,082 13 Fair values of financial instruments not carried at fair value Fair values of financial instruments not carried at fair value and bases of valuation Fair value Carrying Quoted market Observable Significant Total $m $m $m $m $m At 31 Dec 2018 Assets Loans and advances to banks 72,167 — 68,378 3,791 72,169 Loans and advances to customers 981,696 — 10,518 974,559 985,077 Reverse repurchase agreements – non-trading 242,804 81 241,407 1,369 242,857 Financial investments – at amortised cost 62,666 1,790 60,073 216 62,079 Liabilities Deposits by banks 56,331 — 56,308 — 56,308 Customer accounts 1,362,643 — 1,362,794 151 1,362,945 Repurchase agreements – non-trading 165,884 — 165,884 — 165,884 Debt securities in issue 85,342 — 85,430 — 85,430 Subordinated liabilities 22,437 — 24,968 373 25,341 At 31 Dec 2017 Assets Loans and advances to banks 90,393 — 87,384 3,007 90,391 Loans and advances to customers 962,964 — 20,029 944,176 964,205 Reverse repurchase agreements – non-trading 201,553 — 200,012 1,526 201,538 Financial investments – at amortised cost 52,919 1,363 52,707 17 54,087 Liabilities Deposits by banks 69,922 — 69,862 30 69,892 Customer accounts 1,364,462 — 1,353,017 11,608 1,364,625 Repurchase agreements – non-trading 130,002 1 129,995 — 129,996 Debt securities in issue 64,546 — 65,138 — 65,138 Subordinated liabilities 19,826 — 23,740 355 24,095 Other financial instruments not carried at fair value are typically short term in nature and reprice to current market rates frequently. Accordingly, their carrying amount is a reasonable approximation of fair value. They include cash and balances at central banks, items in the course of collection from and transmission to other banks, Hong Kong Government certificates of indebtedness and Hong Kong currency notes in circulation, all of which are measured at amortised cost. Carrying amount and fair value of loans and advances to customers by industry sector Carrying amount Fair value Not Impaired Impaired Total Not Impaired Impaired Total $m $m $m $m $m $m Loans and advances to customers Personal 387,957 3,433 391,390 388,761 3,249 392,010 Corporate and commercial 524,531 4,494 529,025 527,022 4,600 531,622 Non-bank financial institutions 61,102 179 61,281 61,265 180 61,445 At 31 Dec 2018 973,590 8,106 981,696 977,048 8,029 985,077 Loans and advances to customers Personal 370,842 3,920 374,762 371,131 3,257 374,388 Corporate and commercial 510,784 5,970 516,754 512,597 5,769 518,366 Non-bank financial institutions 71,377 71 71,448 71,351 100 71,451 At 31 Dec 2017 953,003 9,961 962,964 955,079 9,126 964,205 Loans and advances to customers are classified as not credit impaired or credit impaired in accordance with the criteria described on page 142 . Valuation Fair value is an estimate of the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. It does not reflect the economic benefits and costs that HSBC expects to flow from an instrument’s cash flow over its expected future life. Our valuation methodologies and assumptions in determining fair values for which no observable market prices are available may differ from those of other companies. Loans and advances to banks and customers To determine the fair value of loans and advances to banks and customers, loans are segregated, as far as possible, into portfolios of similar characteristics. Fair values are based on observable market transactions, when available. When they are unavailable, fair values are estimated using valuation models incorporating a range of input assumptions. These assumptions may include: value estimates from third-party brokers reflecting over-the-counter trading activity; forward-looking discounted cash flow models, taking account of expected customer prepayment rates, using assumptions that HSBC believes are consistent with those that would be used by market participants in valuing such loans; new business rates estimates for similar loans; and trading inputs from other market participants including observed primary and secondary trades. From time to time, we may engage a third-party valuation specialist to measure the fair value of a pool of loans. The fair value of loans reflects expected credit losses at the balance sheet date and estimates of market participants’ expectations of credit losses over the life of the loans, and the fair value effect of repricing between origination and the balance sheet date. For credit-impaired loans, fair value is estimated by discounting the future cash flows over the time period they are expected to be recovered. Financial investments The fair values of listed financial investments are determined using bid market prices. The fair values of unlisted financial investments are determined using valuation techni |
Fair values of financial inst_2
Fair values of financial instruments not carried at fair value | 12 Months Ended |
Dec. 31, 2018 | |
Fair Value Measurement [Abstract] | |
Fair values of financial instruments not carried at fair value | 12 Fair values of financial instruments carried at fair value Control framework Fair values are subject to a control framework designed to ensure that they are either determined or validated by a function independent of the risk taker. Where fair values are determined by reference to externally quoted prices or observable pricing inputs to models, independent price determination or validation is used. For inactive markets, HSBC sources alternative market information, with greater weight given to information that is considered to be more relevant and reliable. Examples of the factors considered are price observability, instrument comparability, consistency of data sources, underlying data accuracy and timing of prices. For fair values determined using valuation models, the control framework includes development or validation by independent support functions of the model logic, inputs, model outputs and adjustments. Valuation models are subject to a process of due diligence before becoming operational and are calibrated against external market data on an ongoing basis. Changes in fair value are generally subject to a profit and loss analysis process and are disaggregated into high-level categories including portfolio changes, market movements and other fair value adjustments. The majority of financial instruments measured at fair value are in GB&M. GB&M’s fair value governance structure comprises its Finance function, Valuation Committees and a Valuation Committee Review Group. Finance is responsible for establishing procedures governing valuation and ensuring fair values are in compliance with accounting standards. The fair values are reviewed by the Valuation Committees, which consist of independent support functions. These committees are overseen by the Valuation Committee Review Group, which considers all material subjective valuations. Financial liabilities measured at fair value In certain circumstances, HSBC records its own debt in issue at fair value, based on quoted prices in an active market for the specific instrument. When quoted market prices are unavailable, the own debt in issue is valued using valuation techniques, the inputs for which are either based on quoted prices in an inactive market for the instrument or are estimated by comparison with quoted prices in an active market for similar instruments. In both cases, the fair value includes the effect of applying the credit spread that is appropriate to HSBC’s liabilities. The change in fair value of issued debt securities attributable to the Group’s own credit spread is computed as follows: for each security at each reporting date, an externally verifiable price is obtained or a price is derived using credit spreads for similar securities for the same issuer. Then, using discounted cash flow, each security is valued using a Libor-based discount curve. The difference in the valuations is attributable to the Group’s own credit spread. This methodology is applied consistently across all securities. Structured notes issued and certain other hybrid instruments are included within trading liabilities and are measured at fair value. The credit spread applied to these instruments is derived from the spreads at which HSBC issues structured notes. Gains and losses arising from changes in the credit spread of liabilities issued by HSBC recorded in other comprehensive income, reverse over the contractual life of the debt, provided that the debt is not repaid at a premium or a discount. Fair value hierarchy Fair values of financial assets and liabilities are determined according to the following hierarchy: • Level 1 – valuation technique using quoted market price: financial instruments with quoted prices for identical instruments in active markets that HSBC can access at the measurement date. • Level 2 – valuation technique using observable inputs: financial instruments with quoted prices for similar instruments in active markets or quoted prices for identical or similar instruments in inactive markets and financial instruments valued using models where all significant inputs are observable. • Level 3 – valuation technique with significant unobservable inputs: financial instruments valued using valuation techniques where one or more significant inputs are unobservable. Financial instruments carried at fair value and bases of valuation 2018 2017 Level 1 Level 2 Level 3 Total Level 1 Level 2 Level 3 Total $m $m $m $m $m $m $m $m Recurring fair value measurements Assets Trading assets 178,100 53,271 6,759 238,130 181,168 101,775 5,052 287,995 Financial assets designated and otherwise mandatorily measured at fair value through profit or loss 23,125 12,494 5,492 41,111 N/A N/A N/A N/A Derivatives 1,868 203,534 2,423 207,825 1,017 216,357 2,444 219,818 Financial assets designated at fair value N/A N/A N/A N/A 24,622 3,382 1,460 29,464 Financial investments 263,885 78,882 2,000 344,767 227,943 104,692 3,432 336,067 Liabilities Trading liabilities 66,300 18,073 58 84,431 62,710 117,451 4,200 184,361 Financial liabilities designated at fair value 6,815 136,362 5,328 148,505 4,164 90,265 — 94,429 Derivatives 2,845 201,234 1,756 205,835 1,635 213,242 1,944 216,821 The increase in Level 3 assets in 2018 was primarily due to new private equity investments and new derivative transactions with unobservable inputs. Transfers between Level 1 and Level 2 fair values Assets Liabilities Financial investments Trading assets Designated Derivatives Trading liabilities Designated at fair value Derivatives $m $m $m $m $m $m $m At 31 Dec 2018 Transfers from Level 1 to Level 2 367 435 2 1 79 — — Transfers from Level 2 to Level 1 17,861 4,959 85 128 1,821 — 138 At 31 Dec 2017 Transfers from Level 1 to Level 2 2,231 1,507 — — 35 — — Transfers from Level 2 to Level 1 11,173 1,384 — — 683 — — Transfers between levels of the fair value hierarchy are deemed to occur at the end of each quarterly reporting period. Transfers into and out of levels of the fair value hierarchy are primarily attributable to observability of valuation inputs and price transparency. Fair value adjustments Fair value adjustments are adopted when HSBC determines there are additional factors considered by market participants that are not incorporated within the valuation model. Movements in the level of fair value adjustments do not necessarily result in the recognition of profits or losses within the income statement, such as when models are enhanced and therefore fair value adjustments may no longer be required. Global Banking & Markets (‘GB&M’) and Corporate Centre fair value adjustments 2018 2017 GB&M Corporate Centre GB&M Corporate Centre $m $m $m $m Type of adjustment Risk-related 1,042 138 1,078 79 – bid-offer 430 76 413 5 – uncertainty 99 6 91 8 – credit valuation adjustment (‘CVA’) 442 52 420 59 – debit valuation adjustment (‘DVA’) (198 ) — (82 ) — – funding fair value adjustment (‘FFVA’) 256 4 233 7 – other 13 — 3 — Model-related 79 3 92 13 – model limitation 79 3 92 6 – other — — — 7 Inception profit (Day 1 P&L reserves) (Note 15) 85 — 106 — At 31 Dec 1,206 141 1,276 92 Bid-offer IFRS 13 ‘Fair value measurement’ requires use of the price within the bid-offer spread that is most representative of fair value. Valuation models will typically generate mid-market values. The bid-offer adjustment reflects the extent to which bid-offer costs would be incurred if substantially all residual net portfolio market risks were closed using available hedging instruments or by disposing of or unwinding the position. Uncertainty Certain model inputs may be less readily determinable from market data, and/or the choice of model itself may be more subjective. In these circumstances, an adjustment may be necessary to reflect the likelihood that market participants would adopt more conservative values for uncertain parameters and/or model assumptions than those used in HSBC’s valuation model. Credit and debit valuation adjustments The CVA is an adjustment to the valuation of over-the-counter (‘OTC’) derivative contracts to reflect the possibility that the counterparty may default and that HSBC may not receive the full market value of the transactions. The DVA is an adjustment to the valuation of OTC derivative contracts to reflect the possibility that HSBC may default, and that it may not pay the full market value of the transactions. HSBC calculates a separate CVA and DVA for each legal entity, and for each counterparty to which the entity has exposure. With the exception of central clearing parties, all third-party counterparties are included in the CVA and DVA calculations, and these adjustments are not netted across Group entities. HSBC calculates the CVA by applying the probability of default (‘PD’) of the counterparty, conditional on the non-default of HSBC, to HSBC’s expected positive exposure to the counterparty and multiplying the result by the loss expected in the event of default. Conversely, HSBC calculates the DVA by applying the PD of HSBC, conditional on the non-default of the counterparty, to the expected positive exposure of the counterparty to HSBC and multiplying the result by the loss expected in the event of default. Both calculations are performed over the life of the potential exposure. For most products HSBC uses a simulation methodology, which incorporates a range of potential exposures over the life of the portfolio, to calculate the expected positive exposure to a counterparty. The simulation methodology includes credit mitigants, such as counterparty netting agreements and collateral agreements with the counterparty. The methodologies do not, in general, account for ‘wrong-way risk’. Wrong-way risk is an adverse correlation between the counterparty’s probability of default and the mark-to-market value of the underlying transaction. The risk can either be general, perhaps related to the currency of the issuer country, or specific to the transaction concerned. When there is significant wrong-way risk, a trade-specific approach is applied to reflect this risk in the valuation. Funding fair value adjustment The FFVA is calculated by applying future market funding spreads to the expected future funding exposure of any uncollateralised component of the OTC derivative portfolio. The expected future funding exposure is calculated by a simulation methodology, where available, and is adjusted for events that may terminate the exposure, such as the default of HSBC or the counterparty. The FFVA and DVA are calculated independently. Model limitation Models used for portfolio valuation purposes may be based upon a simplified set of assumptions that do not capture all current and future material market characteristics. In these circumstances, model limitation adjustments are adopted. Inception profit (Day 1 P&L reserves) Inception profit adjustments are adopted when the fair value estimated by a valuation model is based on one or more significant unobservable inputs. The accounting for inception profit adjustments is discussed in Note 1 . Fair value valuation bases Financial instruments measured at fair value using a valuation technique with significant unobservable inputs – Level 3 Assets Liabilities Financial investments Held for trading Designated and otherwise mandatorily measured at fair value through profit or loss Derivatives Total Held for trading Designated at fair value Derivatives Total $m $m $m $m $m $m $m $m $m Private equity including strategic investments 427 20 5,106 — 5,553 12 — — 12 Asset-backed securities 1,030 1,140 32 — 2,202 — — — — Loans held for securitisation — — 49 — 49 — — — — Structured notes — 3 — — 3 46 5,328 — 5,374 Derivatives with monolines — — — 65 65 — — — — Other derivatives — — — 2,358 2,358 — — 1,755 1,755 Other portfolios 543 5,596 305 — 6,444 — — 1 1 At 31 Dec 2018 2,000 6,759 5,492 2,423 16,674 58 5,328 1,756 7,142 Assets Liabilities Available for sale Held for trading Designated at fair value Derivatives Total Held for trading Designated at fair value Derivatives Total $m $m $m $m $m $m $m $m $m Private equity including strategic investments 2,012 38 1,458 — 3,508 20 — — 20 Asset-backed securities 1,300 1,277 — — 2,577 — — — — Loans held for securitisation — 24 — — 24 — — — — Structured notes — 3 — — 3 4,180 — — 4,180 Derivatives with monolines — — — 113 113 — — — — Other derivatives — — — 2,331 2,331 — — 1,944 1,944 Other portfolios 120 3,710 2 — 3,832 — — — — At 31 Dec 2017 3,432 5,052 1,460 2,444 12,388 4,200 — 1,944 6,144 Level 3 instruments are present in both ongoing and legacy businesses. Loans held for securitisation, derivatives with monolines, certain ‘other derivatives’ and predominantly all Level 3 ABSs are legacy positions. HSBC has the capability to hold these positions. Private equity including strategic investments The fair value of a private equity investments (including strategic investments) is estimated on the basis of an analysis of the investee’s financial position and results, risk profile, prospects and other factors; by reference to market valuations for similar entities quoted in an active market; or the price at which similar companies have changed ownership. Asset-backed securities While quoted market prices are generally used to determine the fair value of the asset-backed securities (‘ABSs’), valuation models are used to substantiate the reliability of the limited market data available and to identify whether any adjustments to quoted market prices are required. For certain ABSs, such as residential mortgage-backed securities, the valuation uses an industry standard model with assumptions relating to prepayment speeds, default rates and loss severity based on collateral type, and performance, as appropriate. The valuations output is benchmarked for consistency against observable data for securities of a similar nature. Structured notes The fair value of Level 3 structured notes is derived from the fair value of the underlying debt security, and the fair value of the embedded derivative is determined as described in the paragraph below on derivatives. These structured notes comprise principally equity-linked notes issued by HSBC, which provide the counterparty with a return linked to the performance of equity securities and other portfolios. Examples of the unobservable parameters include long-dated equity volatilities and correlations between equity prices, and interest and foreign exchange rates. Derivatives OTC derivative valuation models calculate the present value of expected future cash flows, based upon ‘no arbitrage’ principles. For many vanilla derivative products, the modelling approaches used are standard across the industry. For more complex derivative products, there may be some differences in market practice. Inputs to valuation models are determined from observable market data wherever possible, including prices available from exchanges, dealers, brokers or providers of consensus pricing. Certain inputs may not be observable in the market directly, but can be determined from observable prices via model calibration procedures or estimated from historical data or other sources. Reconciliation of fair value measurements in Level 3 of the fair value hierarchy Movement in Level 3 financial instruments Assets Liabilities Financial investments Trading assets Designated and otherwise mandatorily measured at fair value through profit or loss Derivatives Trading liabilities Designated at fair value Derivatives Footnotes $m $m $m $m $m $m $m At 1 Jan 2018 1,767 5,080 3,958 2,444 93 4,107 1,949 Total gains/(losses) recognised in profit or loss 251 284 608 597 (4 ) (637 ) 255 – net income from financial instruments held for trading or managed on a fair value basis — 284 — 597 (4 ) — 255 – net income from assets and liabilities of insurance businesses, including related derivatives, measured at fair value through profit or loss — — — — — — — – changes in fair value of other financial instruments mandatorily measured at fair value through profit or loss — — 608 — — (637 ) — – gains less losses from financial investments at fair value through other comprehensive income 251 — — — — — — – expected credit loss charges and other credit risk charges — — — — — — — – fair value gains transferred to the income statement on disposal — — — — — — — Total gains/(losses) recognised in other comprehensive income (‘OCI’) 1 17 (274 ) (107 ) (113 ) (3 ) (144 ) (82 ) – financial investments: fair value gains/(losses) 15 — — — — — — – cash flow hedges: fair value gains/(losses) — — 6 6 — — 2 – fair value gains transferred to the income statement on disposal — — — — — — — – exchange differences 2 (274 ) (113 ) (119 ) (3 ) (144 ) (84 ) Purchases 275 4,377 2,172 — 3 76 — New issuances — 975 — — 6 2,442 — Sales (51 ) (1,589 ) (395 ) — (11 ) — — Settlements (141 ) (2,021 ) (541 ) (191 ) (2 ) (32 ) (18 ) Transfers out (685 ) (1,402 ) (285 ) (337 ) (24 ) (1,112 ) (464 ) Transfers in 567 1,329 82 23 — 628 116 At 31 Dec 2018 2,000 6,759 5,492 2,423 58 5,328 1,756 Unrealised gains/(losses) recognised in profit or loss relating to assets and liabilities held at 31 Dec 2018 — (5 ) 199 342 (5 ) 274 (351 ) – net income from financial instruments held — (5 ) — 342 (5 ) — (351 ) – net income from assets and liabilities of insurance businesses, including related derivatives measured at fair value through profit or loss — — — — — — — – changes in fair value of other financial — — 199 — — 274 — – loan impairment recoveries and other credit — — — — — — — Movement in Level 3 financial instruments (continued) Assets Liabilities Available for sale Held for trading Designated at fair value through profit or loss Derivatives Held for trading Designated at fair value through profit or loss Derivatives Footnotes $m $m $m $m $m $m $m At 1 Jan 2017 3,476 6,489 730 2,752 3,582 37 2,300 Total gains/(losses) recognised in profit or loss 351 (188 ) (107 ) 152 154 (5 ) 400 – trading income/(expense) excluding net interest income — (188 ) — 152 154 — 400 – net income from other financial instruments designated at fair value — — (107 ) — — (5 ) — – gains less losses from financial investments 313 — — — — — — – loan impairment charges and other credit risk provisions (‘LICs’) 38 — — — — — — Total gains/(losses) recognised in other comprehensive income (‘OCI’) 1 71 106 7 188 169 1 120 – available-for-sale investments: fair value gains/(losses) (30 ) — — — — — — – cash flow hedges: fair value gains/(losses) — (1 ) 3 (23 ) — — (35 ) – exchange differences 101 107 4 211 169 1 155 Purchases 200 1,503 1,127 2 5 — 23 New issuances — — — 1 1,915 — — Sales (939 ) (3,221 ) (130 ) (8 ) (12 ) — (12 ) Settlements (69 ) (331 ) (166 ) (60 ) (998 ) — (123 ) Transfers out (565 ) (149 ) (3 ) (885 ) (678 ) (33 ) (1,030 ) Transfers in 907 843 2 302 63 — 266 At 31 Dec 2017 3,432 5,052 1,460 2,444 4,200 — 1,944 Unrealised gains/(losses) recognised in profit or loss relating to assets and liabilities held at 31 Dec 2017 16 (110 ) (146 ) 218 (117 ) — (397 ) – trading income/(expense) excluding net interest income — (110 ) — 218 (117 ) — (397 ) – net income from other financial instruments designated at fair value — — (146 ) — — — — – loan impairment charges and other credit risk provisions 16 — — — — — — 1 Included in ‘Available-for-sale investments: fair value gains/(losses)’ in prior years or 'Debt Instruments at fair value through other comprehensive income’ in 2018 and ‘Exchange differences’ in the consolidated statement of comprehensive income. Transfers between levels of the fair value hierarchy are deemed to occur at the end of each quarterly reporting period. Transfers into and out of levels of the fair value hierarchy are primarily attributable to observability of valuation inputs and price transparency. Effect of changes in significant unobservable assumptions to reasonably possible alternatives Sensitivity of Level 3 fair values to reasonably possible alternative assumptions 2018 2017 Reflected in profit or loss Reflected in OCI Reflected in profit or loss Reflected in OCI Favourable Un- Favourable Un- Favourable Un- Favourable Un- Footnotes $m $m $m $m $m $m $m $m Derivatives, trading assets and trading liabilities 1 269 (257 ) — — 372 (253 ) — — Designated and otherwise mandatorily measured at fair value through profit or loss 394 (310 ) — — 89 (74 ) — — Financial investments 34 (36 ) 23 (22 ) 53 (30 ) 128 (149 ) At 31 Dec 697 (603 ) 23 (22 ) 514 (357 ) 128 (149 ) 1 Derivatives, trading assets and trading liabilities are presented as one category to reflect the manner in which these instruments are risk managed. Sensitivity of Level 3 fair values to reasonably possible alternative assumptions by instrument type 2018 2017 Reflected in profit or loss Reflected in OCI Reflected in profit or loss Reflected in OCI Favourable Un- Favourable Un- Favourable Un- Favourable Un- $m $m $m $m $m $m $m $m Private equity including strategic investments 400 (317 ) — — 142 (105 ) 117 (102 ) Asset-backed securities 62 (34 ) 23 (22 ) 66 (39 ) 3 (39 ) Loans held for securitisation 1 (1 ) — — 1 (1 ) — — Structured notes 13 (13 ) — — 12 (9 ) — — Derivatives with monolines — — — — — — — — Other derivatives 157 (153 ) — — 249 (150 ) — — Other portfolios 64 (85 ) — — 44 (53 ) 8 (8 ) At 31 Dec 697 (603 ) 23 (22 ) 514 (357 ) 128 (149 ) The sensitivity analysis aims to measure a range of fair values consistent with the application of a 95% confidence interval. Methodologies take account of the nature of the valuation technique employed, as well as the availability and reliability of observable proxy and historical data. When the fair value of a financial instrument is affected by more than one unobservable assumption, the above table reflects the most favourable or the most unfavourable change from varying the assumptions individually. Key unobservable inputs to Level 3 financial instruments The following table lists key unobservable inputs to Level 3 financial instruments, and provides the range of those inputs at 31 December 2018 . The core range of inputs is the estimated range within which 90% of the inputs fall. Quantitative information about significant unobservable inputs in Level 3 valuations Fair value 2018 2017 Assets Liabilities Valuation Key unobservable Full range Core range 1 Full range Core range 1 Footnotes $m $m Lower Higher Lower Higher Lower Higher Lower Higher Private equity including 5,554 12 See below See below n/a n/a n/a n/a n/a n/a n/a n/a Asset-backed securities 2 2,202 — – CLO/CDO 394 — Market proxy Prepayment rate 0% 10% 0% 10% 2% 7% 2% 7% Market proxy Bid quotes 0 100 50 100 0 101 6 53 – other ABSs 1,808 — Market proxy Bid quotes 0 271 71 99 0 103 34 98 Loans held for securitisation 49 — Structured notes 3 5,374 – equity-linked notes — 3,882 Model – Equity volatility 8% 79% 13% 53% 7% 47% 14% 30% Model – Option model Equity correlation 17% 93% 40% 77% 33% 95% 45% 72% – fund-linked notes — 83 Model – Option model Fund volatility 21% 21% 21% 21% 6% 15% 6% 15% – FX-linked notes — 1,382 Model – Option model FX volatility 1% 27% 3% 25% 3% 20% 4% 13% – other 3 27 Derivatives with monolines 65 — Model – Discounted Credit spread 0.2% 1% 0.2% 1% 0.4% 3% 1% 3% Other derivatives 2,358 1,755 – Interest rate derivatives: securitisation swaps 233 700 Model – Discounted Prepayment 6% 7% 6% 7% 20% 90% 20% 90% long-dated swaptions 1,019 27 Model – Option model IR volatility 13% 39% 14% 36% 8% 41% 15% 31% other 250 148 – FX derivatives: FX options 186 244 Model – Option model FX volatility 1% 27% 7% 12% 0.7% 50% 5% 11% other 113 77 – Equity derivatives: long-dated single stock options 215 267 Model – Option model Equity volatility 5% 83% 5% 81% 7% 84% 15% 44% other 310 216 – Credit derivatives: other 32 76 Other portfolios 6,443 1 – structured certificates 3,013 — Model – Discounted cash flow Credit volatility 2% 4% 2% 4% 2% 4% 2% 4% – other 3 3,430 1 At 31 Dec 2018 16,674 7,142 1 The core range of inputs is the estimated range within which 90% of the inputs fall. 2 Collateralised loan obligation/collateralised debt obligation. 3 ‘Other’ includes a range of smaller asset holdings. Private equity including strategic investments Given the bespoke nature of the analysis in respect of each private equity holding, it is not practical to quote a range of key unobservable inputs. Prepayment rates Prepayment rates are a measure of the anticipated future speed at which a loan portfolio will be repaid in advance of the due date. They vary according to the nature of the loan portfolio and expectations of future market conditions, and may be estimated using a variety of evidence, such as prepayment rates implied from proxy observable security prices, current or historical prepayment rates and macroeconomic modelling. Market proxy Market proxy pricing may be used for an instrument when specific market pricing is not available but there is evidence from instruments with common characteristics. In some cases it might be possible to identify a specific proxy, but more generally evidence across a wider range of instruments will be used to understand the factors that influence current market pricing and the manner of that influence. Volatility Volatility is a measure of the anticipated future variability of a market price. It varies by underlying reference market price, and by strike and maturity of the option. Certain volatilities, typically those of a longer-dated nature, are unobservable and are estimated from observable data. The range of unobservable volatilities reflects the wide variation in volatility inputs by reference market price. The core range is significantly narrower than the full range because these examples with extreme volatilities occur relatively rarely within the HSBC portfolio. Correlation Correlation is a measure of the inter-relationship between two market prices and is expressed as a number between minus one and one. It is used to value more complex instruments where the payout is dependent upon more than one market price. There is a wide range of instruments for which correlation is an input, and consequently a wide range of both same-asset correlations and cross-asset correlations is used. In general, the range of same-asset correlations will be narrower than the range of cross-asset correlations. Unobservable correlations may be estimated based upon a range of evidence, including consensus pricing services, HSBC trade prices, proxy correlations and examination of historical price relationships. The range of unobservable correlations quoted in the table reflects the wide variation in correlation inputs by market price pair. Credit spread Credit spread is the premium over a benchmark interest rate required by the market to accept lower credit quality. In a discounted cash flow model, the credit spread increases the discount factors applied to future cash flows, thereby reducing the value of an asset. Credit spreads may be implied from market prices and may not be observable in more illiquid markets. Inter-relationships between key unobservable inputs Key unobservable inputs to Level 3 financial instruments may not be independent of each other. As described above, market variables may be correlated. This correlation typically reflects the manner in which different markets tend to react to macroeconomic or other events. Furthermore, the effect of changing market variables on the HSBC portfolio will depend on HSBC’s net risk position in respect of each variable. HSBC Holdings Basis of valuing HSBC Holdings’ financial assets and liabilities measured at fair value 2018 2017 $m $m Valuation technique using observable inputs: Level 2 Assets at 31 Dec – derivatives 707 2,388 – financial investments — 4,264 – designated and otherwise mandatorily measured at fair value through profit or loss 23,513 11,944 Liabilities at 31 Dec – designated at fair value 25,049 30,890 – derivatives 2,159 3,082 13 Fair values of financial instruments not carried at fair value Fair values of financial instruments not carried at fair value and bases of valuation Fair value Carrying Quoted market Observable Significant Total $m $m $m $m $m At 31 Dec 2018 Assets Loans and advances to banks 72,167 — 68,378 3,791 72,169 Loans and advances to customers 981,696 — 10,518 974,559 985,077 Reverse repurchase agreements – non-trading 242,804 81 241,407 1,369 242,857 Financial investments – at amortised cost 62,666 1,790 60,073 216 62,079 Liabilities Deposits by banks 56,331 — 56,308 — 56,308 Customer accounts 1,362,643 — 1,362,794 151 1,362,945 Repurchase agreements – non-trading 165,884 — 165,884 — 165,884 Debt securities in issue 85,342 — 85,430 — 85,430 Subordinated liabilities 22,437 — 24,968 373 25,341 At 31 Dec 2017 Assets Loans and advances to banks 90,393 — 87,384 3,007 90,391 Loans and advances to customers 962,964 — 20,029 944,176 964,205 Reverse repurchase agreements – non-trading 201,553 — 200,012 1,526 201,538 Financial investments – at amortised cost 52,919 1,363 52,707 17 54,087 Liabilities Deposits by banks 69,922 — 69,862 30 69,892 Customer accounts 1,364,462 — 1,353,017 11,608 1,364,625 Repurchase agreements – non-trading 130,002 1 129,995 — 129,996 Debt securities in issue 64,546 — 65,138 — 65,138 Subordinated liabilities 19,826 — 23,740 355 24,095 Other financial instruments not carried at fair value are typically short term in nature and reprice to current market rates frequently. Accordingly, their carrying amount is a reasonable approximation of fair value. They include cash and balances at central banks, items in the course of collection from and transmission to other banks, Hong Kong Government certificates of indebtedness and Hong Kong currency notes in circulation, all of which are measured at amortised cost. Carrying amount and fair value of loans and advances to customers by industry sector Carrying amount Fair value Not Impaired Impaired Total Not Impaired Impaired Total $m $m $m $m $m $m Loans and advances to customers Personal 387,957 3,433 391,390 388,761 3,249 392,010 Corporate and commercial 524,531 4,494 529,025 527,022 4,600 531,622 Non-bank financial institutions 61,102 179 61,281 61,265 180 61,445 At 31 Dec 2018 973,590 8,106 981,696 977,048 8,029 985,077 Loans and advances to customers Personal 370,842 3,920 374,762 371,131 3,257 374,388 Corporate and commercial 510,784 5,970 516,754 512,597 5,769 518,366 Non-bank financial institutions 71,377 71 71,448 71,351 100 71,451 At 31 Dec 2017 953,003 9,961 962,964 955,079 9,126 964,205 Loans and advances to customers are classified as not credit impaired or credit impaired in accordance with the criteria described on page 142 . Valuation Fair value is an estimate of the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. It does not reflect the economic benefits and costs that HSBC expects to flow from an instrument’s cash flow over its expected future life. Our valuation methodologies and assumptions in determining fair values for which no observable market prices are available may differ from those of other companies. Loans and advances to banks and customers To determine the fair value of loans and advances to banks and customers, loans are segregated, as far as possible, into portfolios of similar characteristics. Fair values are based on observable market transactions, when available. When they are unavailable, fair values are estimated using valuation models incorporating a range of input assumptions. These assumptions may include: value estimates from third-party brokers reflecting over-the-counter trading activity; forward-looking discounted cash flow models, taking account of expected customer prepayment rates, using assumptions that HSBC believes are consistent with those that would be used by market participants in valuing such loans; new business rates estimates for similar loans; and trading inputs from other market participants including observed primary and secondary trades. From time to time, we may engage a third-party valuation specialist to measure the fair value of a pool of loans. The fair value of loans reflects expected credit losses at the balance sheet date and estimates of market participants’ expectations of credit losses over the life of the loans, and the fair value effect of repricing between origination and the balance sheet date. For credit-impaired loans, fair value is estimated by discounting the future cash flows over the time period they are expected to be recovered. Financial investments The fair values of listed financial investments are determined using bid market prices. The fair values of unlisted financial investments are determined using valuation techni |
Financial assets designated and
Financial assets designated and otherwise mandatorily measured at fair value through profit or loss | 12 Months Ended |
Dec. 31, 2018 | |
Financial Instruments [Abstract] | |
Financial assets designated and otherwise mandatorily measured at fair value through profit or loss | 14 Financial assets designated and otherwise mandatorily measured at fair value through profit or loss 2018 2017 Designated at fair value Mandatorily measured at fair value Total Designated at fair value Footnotes $m $m $m $m Securities 2,349 30,217 32,566 29,456 – treasury and other eligible bills 641 29 670 606 – debt securities 1,708 4,839 6,547 4,090 – equity securities — 25,349 25,349 24,760 Loans and advances to banks and customers — 7,717 7,717 8 Other — 828 828 — At 31 Dec 1 2,349 38,762 41,111 29,464 1 Information regarding the effects of adoption of IFRS 9 can be found in Note 37. Securities 1 2018 2017 Designated at fair value Mandatorily measured at fair value Total Designated at fair value Footnotes $m $m $m $m UK Government — — — 17 Hong Kong Government 4 — 4 64 Other governments 673 713 1,386 1,247 Asset-backed securities 2 — 399 399 2 Corporate debt and other securities 1,672 3,756 5,428 3,366 Equities — 25,349 25,349 24,760 At 31 Dec 2,349 30,217 32,566 29,456 1 Included within these figures are debt securities issued by banks and other financial institutions of $ 2,537 m ( 2017 : $ 1,621 m), of which nil ( 2017 : $ 0.4 m) are guaranteed by various governments. 2 Excludes asset-backed securities included under US Treasury and US Government agencies. |
Derivatives
Derivatives | 12 Months Ended |
Dec. 31, 2018 | |
Financial Instruments [Abstract] | |
Derivatives | 15 Derivatives Notional contract amounts and fair values of derivatives by product contract type held by HSBC Notional contract amount Fair value – Assets Fair value – Liabilities Trading Hedging Trading Hedging Total Trading Hedging Total $m $m $m $m $m $m $m $m Foreign exchange 7,552,462 29,969 85,959 458 86,417 82,494 653 83,147 Interest rate 24,589,916 163,271 155,293 1,080 156,373 154,257 2,261 156,518 Equities 1,256,550 — 10,198 — 10,198 10,750 — 10,750 Credit 346,596 — 3,414 — 3,414 3,776 — 3,776 Commodity and other 74,159 — 1,134 — 1,134 1,355 — 1,355 Gross total fair values 33,819,683 193,240 255,998 1,538 257,536 252,632 2,914 255,546 Offset (Note 30) (49,711 ) (49,711 ) At 31 Dec 2018 33,819,683 193,240 255,998 1,538 207,825 252,632 2,914 205,835 Foreign exchange 6,215,518 28,768 78,089 428 78,517 74,915 853 75,768 Interest rate 19,751,577 178,289 235,430 1,365 236,795 229,989 3,042 233,031 Equities 590,156 — 9,353 — 9,353 11,845 — 11,845 Credit 391,798 — 4,692 — 4,692 5,369 — 5,369 Commodity and other 59,716 — 886 — 886 1,233 — 1,233 Gross total fair values 27,008,765 207,057 328,450 1,793 330,243 323,351 3,895 327,246 Offset (Note 30) (110,425 ) (110,425 ) At 31 Dec 2017 27,008,765 207,057 328,450 1,793 219,818 323,351 3,895 216,821 The notional contract amounts of derivatives held for trading purposes and derivatives designated in hedge accounting relationships indicate the nominal value of transactions outstanding at the balance sheet date; they do not represent amounts at risk. Derivative assets and liabilities decreased during 2018, driven by the adoption of Settled to Market accounting for cleared derivatives, yield curve movements and changes in foreign exchange rates. Notional contract amounts and fair values of derivatives by product contract type held by HSBC Holdings with subsidiaries Notional contract amount Assets Liabilities Trading Hedging Trading Hedging Total Trading Hedging Total $m $m $m $m $m $m $m $m Foreign exchange 16,623 1,120 207 — 207 628 155 783 Interest rate 44,059 38,148 283 217 500 538 838 1,376 At 31 Dec 2018 60,682 39,268 490 217 707 1,166 993 2,159 Foreign exchange 20,484 1,120 588 — 588 1,330 110 1,440 Interest rate 41,061 25,294 1,364 436 1,800 678 964 1,642 At 31 Dec 2017 61,545 26,414 1,952 436 2,388 2,008 1,074 3,082 Use of derivatives For details regarding use of derivatives, see page 183 under ‘Market Risk’. Trading derivatives Most of HSBC’s derivative transactions relate to sales and trading activities. Sales activities include the structuring and marketing of derivative products to customers to enable them to take, transfer, modify or reduce current or expected risks. Trading activities include market-making and risk management. Market-making entails quoting bid and offer prices to other market participants for the purpose of generating revenue based on spread and volume. Risk management activity is undertaken to manage the risk arising from client transactions, with the principal purpose of retaining client margin. Other derivatives classified as held for trading include non-qualifying hedging derivatives. Substantially all of HSBC Holdings’ derivatives entered into with subsidiaries are managed in conjunction with financial liabilities designated at fair value. Derivatives valued using models with unobservable inputs The difference between the fair value at initial recognition (the transaction price) and the value that would have been derived had valuation techniques used for subsequent measurement been applied at initial recognition, less subsequent releases, is as shown in the following table: Unamortised balance of derivatives valued using models with significant unobservable inputs 2018 2017 Footnotes $m $m Unamortised balance at 1 Jan 106 99 Deferral on new transactions 161 191 Recognised in the income statement during the year: (158 ) (187 ) – amortisation (96 ) (85 ) – subsequent to unobservable inputs becoming observable (2 ) (2 ) – maturity, termination or offsetting derivative (60 ) (100 ) Exchange differences (4 ) 10 Other (19 ) (7 ) Unamortised balance at 31 Dec 1 86 106 1 This amount is yet to be recognised in the consolidated income statement. Hedge accounting derivatives HSBC applies hedge accounting to manage the following risks: interest rate, foreign exchange and net investment in foreign operations. Further details on how these risks arise and how they are managed by the Group can be found in the Report of the Directors. Fair value hedges HSBC enters into fixed-for-floating-interest-rate swaps to manage the exposure to changes in fair value caused by movements in market interest rates on certain fixed-rate financial instruments that are not measured at fair value through profit or loss, including debt securities held and issued. HSBC hedging instrument by hedged risk Hedging instrument Carrying amount Notional amount 1 Assets Liabilities Balance sheet Change in fair value 2 Hedged risk $m $m $m presentation $m Interest rate 3 123,551 915 2,123 Derivatives 283 At 31 Dec 2018 123,551 915 2,123 283 1 The notional contract amounts of derivatives designated in qualifying hedge accounting relationships indicate the nominal value of transactions outstanding at the balance sheet date; they do not represent amounts at risk. 2 Used in effectiveness testing; comprising the full fair value change of the hedging instrument not excluding any component. 3 The hedged risk ‘interest rate’ includes inflation risk. HSBC hedged item by hedged risk Hedged item Ineffectiveness Carrying amount Accumulated fair value hedge adjustments included in carrying amount 2 Change in fair value 1 Recognised in profit and loss Assets Liabilities Assets Liabilities Balance sheet presentation Profit and loss presentation Hedged risk $m $m $m $m $m $m Interest rate 3 93,469 231 Financial assets designated and otherwise mandatorily measured at fair value through other comprehensive income (425 ) (37 ) Net income from financial instruments held for trading or managed on a fair value basis 1,455 (6 ) Loans and advances to customers (4 ) 14,171 (155 ) Debt securities in issue 124 4,780 45 Deposits by banks (15 ) At 31 Dec 2018 94,924 18,951 225 (110 ) (320 ) (37 ) 1 Used in effectiveness assessment; comprising amount attributable to the designated hedged risk that can be a risk component. 2 The accumulated amount of fair value adjustments remaining in the statement of financial position for hedged items that have ceased to be adjusted for hedging gains and losses were assets of $93m for FVOCI and assets of $19m for debt issued. 3 The hedged risk ‘interest rate’ includes inflation risk. HSBC Holdings hedging instrument by hedged risk Hedging instrument Carrying amount Notional amount 1,4 Assets Liabilities Balance sheet presentation Change in fair value 2 Hedged risk $m $m $m $m Interest rate 3 39,538 217 993 Derivatives (231 ) At 31 Dec 2018 39,538 217 993 (231 ) 1 The notional contract amounts of derivatives designated in qualifying hedge accounting relationships indicate the nominal value of transactions outstanding at the balance sheet date; they do not represent amounts at risk. 2 Used in effectiveness testing; comprising the full fair value change of the hedging instrument not excluding any component. 3 The hedged risk ‘interest rate’ includes foreign exchange risk. 4 The notional amount of non-dynamic fair value hedges is equal to $39,538m , of which the weighted-average maturity date is December 2026 and the weighted-average swap rate is 1.34% . The majority of these hedges are internal to HSBC Group. HSBC Holdings hedged item by hedged risk Hedged item Ineffectiveness Carrying amount Accumulated fair value hedge adjustments included in carrying amount 2 Change in fair value 1 Recognised in profit and loss Assets Liabilities Assets Liabilities Balance sheet presentation Profit and loss presentation Hedged risk $m $m $m $m $m $m Interest rate 3 4,620 29 Loans and advances to banks 38 (2 ) Net income from financial instruments held for trading or managed on a fair value basis 33,874 (763 ) Debt securities in issue 191 At 31 Dec 2018 4,620 33,874 29 (763 ) 229 (2 ) 1 Used in effectiveness assessment; comprising amount attributable to the designated hedged risk that can be a risk component. 2 The accumulated amount of fair value adjustments remaining in the statement of financial position for hedged items that have ceased to be adjusted for hedging gains and losses were liabilities of $80m for debt issued. 3 The hedged risk ‘interest rate’ includes foreign exchange risk. Sources of hedge ineffectiveness may arise from basis risk, including but not limited to the discount rates used for calculating the fair value of derivatives, hedges using instruments with a non-zero fair value, and notional and timing differences between the hedged items and hedging instruments. For some debt securities held, HSBC manages interest rate risk in a dynamic risk management strategy. The assets in scope of this strategy are high-quality fixed-rate debt securities, which may be sold to meet liquidity and funding requirements. The interest rate risk of the HSBC fixed-rate debt securities issued is managed in a non-dynamic risk management strategy. Cash flow hedges HSBC’s cash flow hedging instruments consist principally of interest rate swaps and cross-currency swaps that are used to manage the variability in future interest cash flows of non-trading financial assets and liabilities, arising due to changes in market interest rates and foreign-currency basis. HSBC applies macro cash flow hedging for interest rate risk exposures on portfolios of replenishing current and forecasted issuances of non-trading assets and liabilities that bear interest at variable rates, including rolling such instruments. The amounts and timing of future cash flows, representing both principal and interest flows, are projected for each portfolio of financial assets and liabilities on the basis of their contractual terms and other relevant factors, including estimates of prepayments and defaults. The aggregate cash flows representing both principal balances and interest cash flows across all portfolios are used to determine the effectiveness and ineffectiveness. Macro cash flow hedges are considered to be dynamic hedges. HSBC also hedges the variability in future cash flows on foreign-denominated financial assets and liabilities arising due to changes in foreign exchange market rates with cross-currency swaps, which are considered dynamic hedges. Hedging instrument by hedged risk Hedging instrument Hedged item Ineffectiveness Carrying amount Change in fair value 2 Change in fair value 3 Recognised in profit and loss Profit and loss presentation Notional amount 1 Assets Liabilities Balance sheet presentation Hedged risk $m $m $m $m $m $m Foreign currency 24,954 295 653 Derivatives (198 ) (200 ) 2 Net income from financial instruments held for trading or managed on a fair value basis Interest rate 39,720 165 138 Derivatives (77 ) (67 ) (10 ) At 31 Dec 2018 64,674 460 791 (275 ) (267 ) (8 ) 1 The notional contract amounts of derivatives designated in qualifying hedge accounting relationships indicate the nominal value of transactions outstanding at the balance sheet date; they do not represent amounts at risk. 2 Used in effectiveness testing; comprising the full fair value change of the hedging instrument not excluding any component. 3 Used in effectiveness assessment; comprising amount attributable to the designated hedged risk that can be a risk component. Sources of hedge ineffectiveness may arise from basis risk, including but not limited to timing differences between the hedged items and hedging instruments and hedges using instruments with a non-zero fair value. Reconciliation of equity and analysis of other comprehensive income by risk type Interest rate Foreign currency $m $m Cash flow hedging reserve at 1 Jan 2018 (40 ) (187 ) Fair value gains/(losses) (67 ) (200 ) Fair value (gains)/losses reclassified from the cash flow hedge reserve to the income statement in respect of: Hedged items that have affected profit or loss 90 227 Income taxes (11 ) (13 ) Others 2 (9 ) Cash flow hedging reserve at 31 Dec 2018 (26 ) (182 ) Hedges of net investments in foreign operations The Group applies hedge accounting in respect of certain consolidated net investments. Hedging is undertaken using forward foreign exchange contracts or by financing with foreign currency borrowings. At 31 December 2018 , the fair values of outstanding financial instruments designated as hedges of net investments in foreign operations were assets of $163m ( 2017 : $4m ), liabilities of nil ( 2017 : $71m ) and notional contract values of $5,000m ( 2017 : $5,000m ). Ineffectiveness recognised in ‘Net income from financial instruments held for trading or managed on a fair value basis’ in the year ended 31 December 2018 was nil ( 2017 : nil ). |
Financial Investments
Financial Investments | 12 Months Ended |
Dec. 31, 2018 | |
Financial Instruments [Abstract] | |
Disclosure of financial instruments | 16 Financial investments Carrying amount of financial investments 2018 2017 Footnotes $m $m Financial investments measured at fair value through other comprehensive income 344,767 N/A – treasury and other eligible bills 96,642 N/A – debt securities 246,371 N/A – equity securities 1,657 N/A – other instruments 1 97 N/A Debt instruments measured at amortised cost 2 62,666 N/A – treasury and other eligible bills 679 N/A – debt securities 61,987 N/A Available-for-sale securities at fair value N/A 336,157 – treasury and other eligible bills N/A 78,851 – debt securities N/A 253,389 – equity securities N/A 3,917 Held to maturity securities at amortised cost N/A 52,919 – debt securities 2 N/A 52,919 At 31 Dec 3, 4 407,433 389,076 1 ‘Other instruments’ comprises of loans and advances. 2 Fair value $62.1 bn ( 2017 : $54.1 bn). 3 Categories of financial instruments are disclosed under IFRS 9 at 31 December 2018. These are not directly comparable with 31 December 2017, where the instruments were categorised in accordance with IAS 39. 4 Information regarding the effects of adoption of IFRS 9 can be found in Note 37. Equity instruments measured at fair value through other comprehensive income Fair value Dividends recognised Type of equity instruments $m $m Investments required by central institutions 848 34 Business facilitation 758 21 Others 51 9 At 31 Dec 2018 1,657 64 Financial investments at amortised cost and fair value 2018 2017 Amortised cost Fair value 1 Amortised cost Fair value 1 Footnotes $m $m $m $m US Treasury 54,941 54,763 41,427 41,274 US Government agencies 2 21,058 20,580 18,691 18,494 US Government-sponsored entities 2 12,867 12,701 10,998 11,033 UK Government 20,576 21,083 17,817 18,538 Hong Kong Government 49,956 49,955 52,269 52,252 Other governments 142,495 144,099 134,766 136,414 Asset-backed securities 3 3,579 3,390 6,187 5,781 Corporate debt and other securities 97,286 98,419 99,136 102,540 Equities 1,353 1,657 2,989 3,917 At 31 Dec 404,111 406,647 384,280 390,243 1 Included within ‘fair value’ figures are debt securities issued by banks and other financial institutions of $ 56 bn ( 2017 : $67 bn), of which $ 8 bn ( 2017 : $15 bn) are guaranteed by various governments. 2 Includes securities that are supported by an explicit guarantee issued by the US Government. 3 Excludes asset-backed securities included under US Government agencies and sponsored entities. Maturities of investments in debt securities at their carrying amount Up to 1 year 1 to 5 years 5 to 10 years Over 10 years Total $m $m $m $m $m Debt securities measured at fair value through other comprehensive income 61,598 124,075 36,194 24,504 246,371 Debt securities measured at amortised cost 2,519 10,086 16,065 33,317 61,987 At 31 Dec 2018 64,117 134,161 52,259 57,821 308,358 Available-for-sale 63,896 122,113 37,292 30,088 253,389 Held to maturity 3,731 9,406 13,482 26,300 52,919 At 31 Dec 2017 67,627 131,519 50,774 56,388 306,308 Contractual maturities and weighted average yields of investment debt securities Up to 1 year 1 to 5 years 5 to 10 years Over 10 years Amount Yield Amount Yield Amount Yield Amount Yield $m % $m % $m % $m % Debt securities measured at fair value through other comprehensive income US Treasury 947 1.6 33,220 2.1 14,396 2.3 2,376 3.1 US Government agencies — — 74 2.1 10 3.8 9,707 2.9 US Government-sponsored agencies 1,361 3.2 1,268 2.6 2,240 2.8 4,309 3.2 UK Government 856 0.9 5,988 1.1 5,472 0.6 859 4.4 Hong Kong Government 456 1.3 551 1.3 63 3.0 — — Other governments 45,390 1.5 48,549 2.8 8,701 2.3 1,489 2.6 Asset-backed securities 16 5.9 25 — 381 2.7 3,156 2.1 Corporate debt and other securities 12,312 1.8 32,893 2.0 4,563 2.3 2,574 3.1 Total amortised cost at 31 Dec 2018 61,338 122,568 35,826 24,470 Total carrying value 61,598 124,075 36,194 24,504 Debt instruments measured at amortised cost US Treasury 34 4.2 53 4.8 1 1.0 152 4.0 US Government agencies — — 18 3.9 26 3.6 11,025 2.6 US Government-sponsored agencies 50 2.2 389 2.7 163 2.6 3,087 3.0 Hong Kong Government 8 4.9 24 1.6 9 1.3 7 1.5 Other governments 329 1.8 470 2.6 451 2.9 744 4.1 Asset-backed securities — — — — — — 2 7.4 Corporate debt and other securities 2,098 3.2 9,132 3.4 15,415 3.4 18,300 3.6 Total amortised cost at 31 Dec 2018 2,519 10,086 16,065 33,317 Total carrying value 2,519 10,086 16,065 33,317 The maturity distributions of ABSs are presented in the above table on the basis of contractual maturity dates. The weighted average yield for each range of maturities is calculated by dividing the annualised interest income for the year ended 31 December 2018 by the book amount of debt securities at that date. The yields do not include the effect of related derivatives. 24 Financial liabilities designated at fair value HSBC 2018 2017 Footnotes $m $m Deposits by banks and customer accounts 1 19,003 145 Liabilities to customers under investment contracts 5,458 5,635 Debt securities in issue (Note 25) 1 109,351 64,359 Subordinated liabilities (Note 28) 14,282 23,831 Preferred securities (Note 28) 411 459 At 31 Dec 148,505 94,429 1 Structured liabilities have moved from ‘Trading liabilities’ to ‘Financial liabilities designated at fair value’. Comparatives have not been restated. See Note 37 for further detail. The carrying amount of financial liabilities designated at fair value was $11,496 m less than the contractual amount at maturity ( 2017 : $5,343 m more). The cumulative amount of change in fair value attributable to changes in credit risk was $209 m ( 2017 : loss of $4,107 m). HSBC Holdings 2018 2017 $m $m Debt securities in issue (Note 25) 17,767 17,496 Subordinated liabilities (Note 28) 7,282 13,394 At 31 Dec 25,049 30,890 The carrying amount of financial liabilities designated at fair value was $ 920m more than the contractual amount at maturity 3,370m more). The cumulative amount of change in fair value attributable to changes in credit risk was a loss of $ 812m (2017: loss of $2,209m ) . 29 Maturity analysis of assets, liabilities and off-balance sheet commitments The table on page 320 provides an analysis of consolidated total assets, liabilities and off-balance sheet commitments by residual contractual maturity at the balance sheet date. These balances are included in the maturity analysis as follows: • Trading assets and liabilities (including trading derivatives but excluding reverse repos, repos and debt securities in issue) are included in the ‘Due not more than 1 month’ time bucket, because trading balances are typically held for short periods of time. • Financial assets and liabilities with no contractual maturity (such as equity securities) are included in the ‘Due over 5 years’ time bucket. Undated or perpetual instruments are classified based on the contractual notice period, which the counterparty of the instrument is entitled to give. Where there is no contractual notice period, undated or perpetual contracts are included in the ‘Due over 5 years’ time bucket. • Non-financial assets and liabilities with no contractual maturity are included in the ‘Due over 5 years’ time bucket. • Financial instruments included within assets and liabilities of disposal groups held for sale are classified on the basis of the contractual maturity of the underlying instruments and not on the basis of the disposal transaction. • Liabilities under insurance contracts are included in the ‘Due over 5 years’ time bucket. Liabilities under investment contracts are classified in accordance with their contractual maturity. Undated investment contracts are included in the ‘Due over 5 years’ time bucket, however, such contracts are subject to surrender and transfer options by the policyholders. • Loan and other credit-related commitments are classified on the basis of the earliest date they can be drawn down. HSBC Maturity analysis of assets, liabilities and off-balance sheet commitments Due not Due over Due over Due over Due over Due over Due over Due over Total $m $m $m $m $m $m $m $m $m Financial assets Cash and balances at central banks 162,843 — — — — — — — 162,843 Items in the course of collection from other banks 5,787 — — — — — — — 5,787 Hong Kong Government certificates of indebtedness 35,859 — — — — — — — 35,859 Trading assets 235,443 264 707 744 104 197 671 — 238,130 Financial assets designated or otherwise mandatorily measured at fair value 7,743 49 371 145 334 918 2,415 29,136 41,111 Derivatives 206,925 15 57 79 18 69 328 334 207,825 Loans and advances to banks 40,114 10,421 3,486 2,004 3,282 7,158 4,508 1,194 72,167 Loans and advances to customers 178,613 72,072 58,680 38,394 37,333 101,267 219,841 275,496 981,696 – personal 41,967 8,736 8,237 7,581 7,240 24,942 63,061 229,626 391,390 – corporate and commercial 118,294 58,623 45,918 27,001 25,597 67,093 143,959 42,540 529,025 – financial 18,352 4,713 4,525 3,812 4,496 9,232 12,821 3,330 61,281 Reverse repurchase agreements 172,795 41,084 13,308 5,763 3,574 5,253 1,027 — 242,804 Financial investments 40,421 58,731 30,464 15,707 15,357 41,866 92,846 112,041 407,433 Accrued income and other financial assets 62,067 6,893 2,403 561 307 349 731 2,237 75,548 Financial assets at 31 Dec 2018 1,148,610 189,529 109,476 63,397 60,309 157,077 322,367 420,438 2,471,203 Non-financial assets — — — — — — — 86,921 86,921 Total assets at 31 Dec 2018 1,148,610 189,529 109,476 63,397 60,309 157,077 322,367 507,359 2,558,124 Off-balance sheet commitments received Loan and other credit-related commitments 73,464 — — — 1 3 98 656 74,222 Financial liabilities Hong Kong currency notes in circulation 35,859 — — — — — — — 35,859 Deposits by banks 42,406 3,457 1,043 784 542 5,558 1,655 886 56,331 Customer accounts 1 1,225,919 66,990 31,315 17,218 13,760 4,122 3,194 125 1,362,643 – personal 612,325 38,132 21,218 11,483 8,282 2,853 2,623 53 696,969 – corporate and commercial 457,661 22,922 8,029 4,599 4,317 1,092 509 29 499,158 – financial 155,933 5,936 2,068 1,136 1,161 177 62 43 166,516 Repurchase agreements 154,383 8,140 1,750 629 73 408 501 — 165,884 Items in the course of transmission to other banks 5,641 — — — — — — — 5,641 Trading liabilities 2 82,867 251 326 633 81 235 36 2 84,431 Financial liabilities designated at 2 3,813 4,476 6,878 3,076 3,481 12,545 53,615 60,621 148,505 – debt securities in issue: covered bonds — — 205 — — 1,190 2,721 1,137 5,253 – debt securities in issue: unsecured 981 1,562 2,659 2,290 2,353 9,143 47,443 37,633 104,064 – subordinated liabilities and preferred securities — — 2,125 — — — — 12,568 14,693 – other 2,832 2,914 1,889 786 1,128 2,212 3,451 9,283 24,495 Derivatives 203,962 62 135 191 144 560 159 622 205,835 Debt securities in issue 6,777 11,194 12,556 8,075 3,330 10,670 19,713 13,027 85,342 – covered bonds — — — — — — 748 — 748 – otherwise secured 2,166 1,100 30 — — 394 944 1,412 6,046 – unsecured 4,611 10,094 12,526 8,075 3,330 10,276 18,021 11,615 78,548 Accruals and other financial liabilities 69,958 8,986 3,296 659 1,269 885 1,027 1,300 87,380 Subordinated liabilities 6 89 3 — — 1,996 1,384 18,959 22,437 Total financial liabilities at 31 Dec 2018 1,831,591 103,645 57,302 31,265 22,680 36,979 81,284 95,542 2,260,288 Non-financial liabilities — — — — — — — 103,587 103,587 Total liabilities at 31 Dec 2018 1,831,591 103,645 57,302 31,265 22,680 36,979 81,284 199,129 2,363,875 Off-balance sheet commitments given Loan and other credit-related commitments 769,311 5,281 941 1,972 1,257 361 731 412 780,266 – personal 203,622 974 59 32 201 280 556 331 206,055 – corporate and commercial 441,199 2,694 799 1,895 974 34 150 73 447,818 – financial 124,490 1,613 83 45 82 47 25 8 126,393 Maturity analysis of assets, liabilities and off-balance sheet commitments (continued) Due not more than 1 month Due over 1 month but not more than 3 months Due over 3 months but not more than 6 months Due over 6 months but not more than 9 months Due over 9 months but not more than 1 year Due over 1 year but not more than 2 years Due over 2 years but not more than 5 years Due over 5 years Total $m $m $m $m $m $m $m $m $m Financial assets Cash and balances at central banks 180,624 — — — — — — — 180,624 Items in the course of collection from other banks 6,628 — — — — — — — 6,628 Hong Kong Government certificates of indebtedness 34,186 — — — — — — — 34,186 Trading assets 284,781 1,432 642 — 1,140 — — — 287,995 Financial assets designated at fair value 612 93 230 162 197 556 2,068 25,546 29,464 Derivatives 218,103 162 97 124 42 234 592 464 219,818 Loans and advances to banks 61,968 10,665 4,212 2,344 1,502 5,799 2,491 1,412 90,393 Loans and advances to customers 195,577 65,469 49,860 34,107 37,176 93,065 218,784 268,926 962,964 – personal 42,593 9,126 8,483 7,441 7,492 23,552 61,238 214,837 374,762 – corporate and commercial 124,669 50,532 36,046 22,932 26,577 61,785 144,451 49,762 516,754 – financial 28,315 5,811 5,331 3,734 3,107 7,728 13,095 4,327 71,448 Reverse repurchase agreements – non-trading 144,244 30,289 7,951 2,194 3,960 1,072 4,598 7,245 201,553 Financial investments 31,981 51,487 31,634 13,446 17,647 40,582 90,366 111,933 389,076 Accrued income and other financial assets 19,259 5,795 2,050 358 411 652 513 2,046 31,084 Financial assets at 31 Dec 2017 1,177,963 165,392 96,676 52,735 62,075 141,960 319,412 417,572 2,433,785 Non-financial assets — — — — — — — 87,986 87,986 Total assets at 31 Dec 2017 1,177,963 165,392 96,676 52,735 62,075 141,960 319,412 505,558 2,521,771 Off-balance sheet commitments received Loan and other credit-related commitments 3 36,200 — — — — — — — 36,200 Financial liabilities Hong Kong currency notes in circulation 34,186 — — — — — — — 34,186 Deposits by banks 56,829 1,961 1,097 616 157 361 7,393 1,508 69,922 Customer accounts 1 1,269,003 44,129 21,596 11,570 10,757 4,527 2,257 623 1,364,462 – personal 648,040 22,938 13,489 6,810 5,727 2,753 1,557 119 701,433 – corporate and commercial 458,937 16,496 6,983 3,712 3,970 1,705 641 451 492,895 – financial 162,026 4,695 1,124 1,048 1,060 69 59 53 170,134 Repurchase agreements – non-trading 113,208 14,042 1,592 160 — — 1,000 — 130,002 Items in the course of transmission to other banks 6,850 — — — — — — — 6,850 Trading liabilities 145,028 2,026 2,177 2,130 3,077 5,038 12,814 12,071 184,361 Financial liabilities designated at fair value 80 281 2,094 271 2,798 4,215 22,468 62,222 94,429 – debt securities in issue: covered bonds — — — 209 — 212 2,494 1,654 4,569 – debt securities in issue: unsecured 55 95 2,087 62 2,797 1,654 19,505 33,535 59,790 – subordinated liabilities and preferred securities — — — — — 2,349 459 21,482 24,290 – other 25 186 7 — 1 — 10 5,551 5,780 Derivatives 213,011 79 141 140 202 504 1,107 1,637 216,821 Debt securities in issue 6,081 6,295 5,228 5,795 9,240 6,725 22,767 2,415 64,546 – covered bonds — — — — 1 3 10 34 48 – otherwise secured 3,479 4 — — 1,000 1,100 914 1,193 7,690 – unsecured 2,602 6,291 5,228 5,795 8,239 5,622 21,843 1,188 56,808 Accruals and other financial liabilities 18,009 9,547 2,798 749 717 1,007 1,569 938 35,334 Subordinated liabilities — 1,918 73 36 132 273 3,595 13,799 19,826 Total financial liabilities at 31 Dec 2017 1,862,285 80,278 36,796 21,467 27,080 22,650 74,970 95,213 2,220,739 Non-financial liabilities — — — — — — — 103,161 103,161 Total liabilities at 31 Dec 2017 1,862,285 80,278 36,796 21,467 27,080 22,650 74,970 198,374 2,323,900 Off-balance sheet commitments given Loan and other credit-related commitments 3 669,485 39,192 3,812 2,103 4,686 3,436 4,423 2,349 729,486 – personal 187,545 2,001 340 343 1,583 1,033 952 513 194,310 – corporate and commercial 388,778 32,011 2,782 1,322 2,309 2,403 2,804 1,716 434,125 – financial 93,162 5,180 690 438 794 — 667 120 101,051 1 ‘Customer accounts’ includes $ 364,729m (2017: $386,417m ) insured by guarantee schemes. 2 Structured liabilities have moved from ’Trading liabilities’ to ‘Financial liabilities designated at fair value’. Comparatives have not been restated. See Note 37 for further detail. 3 31 December 2017 balances have been restated to include $44b n of loan commitments given (unsettled reverse repurchase agreements) and $30b n of loan commitments received (unsettled repurchase agreements) not previously identified for disclosure. The $30b n of loan commitments received are reported within ‘Due not more than 1 month’. HSBC Holdings Maturity analysis of assets, liabilities and off-balance sheet commitments Due not more than 1 month Due over 1 month but not more than 3 months Due over 3 months but not more than 6 months Due over 6 months but not more than 9 months Due over 9 months but not more than 1 year Due over 1 year but not more than 2 years Due over 2 years but not more than 5 years Due over 5 years Total $m $m $m $m $m $m $m $m $m Financial assets Cash at bank and in hand: – balances with HSBC undertakings 3,509 — — — — — — — 3,509 Derivatives 540 — — — — — — 167 707 Loans and advances to HSBC undertakings 3,052 11,563 158 968 1 — 14,062 26,340 56,144 Loans and advances to HSBC undertakings designated and otherwise mandatorily measured at fair value — — — — — — 8,116 15,397 23,513 Financial investments in HSBC undertakings — — — — — — — — — Accrued income and other financial assets 33 27 — — — — — 60 Total financial assets at 7,134 11,590 158 968 1 — 22,178 41,904 83,933 Non-financial assets — — — — — — — 161,248 161,248 Total assets at 31 Dec 2018 7,134 11,590 158 968 1 — 22,178 203,152 245,181 Financial liabilities Amounts owed to HSBC undertakings — 949 — — — — — — 949 Financial liabilities designated at fair value — — 2,125 — — — 12,306 10,618 25,049 – debt securities in issue — — — — — — 12,306 5,461 17,767 – subordinated liabilities and preferred securities — — 2,125 — — — — 5,157 7,282 Derivatives 1,321 — — — — — 339 499 2,159 Debt securities in issue — — — — — — 23,770 27,030 50,800 Accruals and other financial liabilities 319 353 188 36 5 — — 41 942 Subordinated liabilities — — — — — — 17,715 17,715 31 Dec 2018 1,640 1,302 2,313 36 5 — 36,415 55,903 97,614 Non-financial liabilities — — — — — — — 214 214 Total liabilities at 31 Dec 2018 1,640 1,302 2,313 36 5 — 36,415 56,117 97,828 Off-balance sheet commitments given Undrawn formal standby facilities, credit lines and other commitments to lend — — — — — — — — — Maturity analysis of assets, liabilities and off-balance sheet commitments (continued) Due not more than 1 month Due over 1 month but not more than 3 months Due over 3 months but not more than 6 months Due over 6 months but not more than 9 months Due over 9 months but not more than 1 year Due over 1 year but not more than 2 years Due over 2 years but not more than 5 years Due over 5 years Total $m $m $m $m $m $m $m $m $m Financial assets Cash at bank and in hand: – balances with HSBC undertakings 1,985 — — — — — — — 1,985 Derivatives 1,952 — — — — 80 — 356 2,388 Loans and advances to HSBC undertakings 4,861 13,039 3,145 5 2 1,134 29,560 24,881 76,627 Loans and advances to HSBC undertakings designated at fair value — — — — — — 2,411 9,533 11,944 Financial investments in HSBC undertakings 17 3 — — — — 1,798 2,446 4,264 Accrued income and other financial assets — 4 — — — — — 123 127 Total financial assets at 31 Dec 2017 8,815 13,046 3,145 5 2 1,214 33,769 37,339 97,335 Non-financial assets — — — — — — — 94,399 94,399 Total assets at 31 Dec 2017 8,815 13,046 3,145 5 2 1,214 33,769 131,738 191,734 Financial liabilities Amounts owed to HSBC undertakings 120 2,405 46 — — — — — 2,571 Financial liabilities designated at fair value — — — — — 2,349 11,491 17,050 30,890 – debt securities in issue — — — — — — 11,491 6,005 17,496 – subordinated liabilities and preferred securities — — — — — 2,349 — 11,045 13,394 Derivatives 2,008 — — — — 110 183 781 3,082 Debt securities in issue — — — — 1,081 — 10,354 22,823 34,258 Accruals and other financial liabilities 439 395 157 39 7 3 1 11 1,052 Subordinated liabilities — 1,918 — — — — — 13,959 15,877 Total financial liabilities at 31 Dec 2017 2,567 4,718 203 39 1,088 2,462 22,029 54,624 87,730 Non-financial liabilities — — — — — — — 217 217 Total liabilities at 31 Dec 2017 2,567 4,718 203 39 1,088 2,462 22,029 54,841 87,947 Off-balance sheet commitments given Undrawn formal standby facilities, credit lines and other commitments to lend — — — — — — — — — 30 Offsetting of financial assets and financial liabilities In the following table, the ‘Amounts not set off in the balance sheet’ include transactions where: • the counterparty has an offsetting exposure with HSBC and a master netting or similar arrangement is in place with a right to set off only in the event of default, insolvency or bankruptcy, or the offset criteria are otherwise not satisfied; and • in the case of derivatives and reverse repurchase/repurchase, stock borrowing/lending and similar agreements, cash and non-cash collateral has been received/pledged. For risk management purposes, the net amounts of loans and advances to customers are subject to limits, which are monitored and the relevant customer agreements are subject to review and updated, as necessary, to ensure the legal right to set off remains appropriate. Offsetting of financial assets and financial liabilities Amounts subject to enforceable netting arrangements Amounts not subject to enforceable netting arrangements 5 Total Amounts not set off in the balance sheet Gross amounts Amounts offset Net amounts in the balance sheet Financial instruments Non-cash collateral Cash collateral Net amount Footnotes $m $m $m $m $m $m $m $m $m Financial assets Derivatives (Note 15) 1 250,275 (49,711 ) 200,564 (145,785 ) (9,986 ) (38,031 ) 6,762 7,261 207,825 Reverse repos, stock borrowing and similar agreements classified as: 2 – trading assets 18,217 (790 ) 17,427 (1,244 ) (16,179 ) — 4 853 18,280 – non-trading assets 372,358 (167,313 ) 205,045 (21,788 ) (182,995 ) (100 ) 162 37,759 242,804 Loans and advances to customers 3 40,534 (12,468 ) 28,066 (21,245 ) — — 6,821 536 28,602 At 31 Dec 2018 681,384 (230,282 ) 451,102 (190,062 ) (209,160 ) (38,131 ) 13,749 46,409 497,511 Derivatives (Note 15) 1 322,422 (110,425 ) 211,997 (156,088 ) (11,092 ) (37,302 ) 7,515 7,821 219,818 Reverse repos, stock borrowing and similar agreements classified as: 2 – trading assets 15,893 — 15,893 (430 ) (15,462 ) — 1 1,227 17,120 – non-trading assets 265,666 (105,776 ) 159,890 (3,714 ) (155,973 ) (49 ) 154 41,663 201,553 Loans and advances to customers 3 42,091 (10,424 ) 31,667 (26,390 ) — (181 ) 5,096 619 32,286 At 31 Dec 2017 646,072 (226,625 ) 419,447 (186,622 ) (182,527 ) (37,532 ) 12,766 51,330 470,777 Financial liabilities Derivatives (Note 15) 1 248,123 (49,711 ) 198,412 (145,785 ) (14,895 ) (29,998 ) 7,734 7,423 205,835 Repos, stock lending and similar agreements classified as: 2 – trading liabilities 13,169 (790 ) 12,379 (1,244 ) (11,133 ) — 2 114 12,493 – non-trading liabilities 274,367 (167,313 ) 107,054 (21,788 ) (85,087 ) (164 ) 15 58,830 165,884 Customer accounts 4 40,286 (12,468 ) 27,818 (21,245 ) — — 6,573 11 27,829 At 31 Dec 2018 575,945 (230,282 ) 345,663 (190,062 ) (111,115 ) (30,162 ) 14,324 66,378 412,041 Derivatives (Note 15) 1 321,932 (110,425 ) 211,507 (156,072 ) (14,342 ) (28,666 ) 12,427 5,314 216,821 Repos, stock lending and similar agreements classified as: 2 – trading liabilities 10,555 — 10,555 (430 ) (9,615 ) — 510 63 10,618 – non-trading liabilities 187,268 (105,776 ) 81,492 (7,165 ) (74,048 ) (240 ) 39 48,510 130,002 Customer accounts 4 42,533 (10,424 ) 32,109 (26,390 ) — (188 ) 5,531 158 32,267 At 31 Dec 2017 562,288 (226,625 ) 335,663 (190,057 ) (98,005 ) (29,094 ) 18,507 54,045 389,708 1 At 31 December 2018, the amount of cash margin received that had been offset against the gross derivatives assets was $3,935m (2017: $6,324m ). The amount of cash margin paid that had been offset against the gross derivatives liabilities was $5,888m (2017: $5,196m ). 2 For the amount of repos, reverse repos, stock lending, stock borrowing and similar agreements recognised on the balance sheet within ‘Trading assets’ $ 18,280m (2017: $ 17,120m ) and ‘Trading liabilities’ $ 12,493m (2017: $ 10,618m ), see the ‘Funding sources and uses’ table on page 179 . 3 At 31 December 2018, the total amount of ‘Loans and advances to customers’ was $ 981,696m (2017: $ 962,964m ), of which $ 28,066m (2017: $ 31,667m ) was subject to offsetting. 4 At 31 December 2018, the total amount of ‘Customer accounts’ was $ 1,362,643m (2017: $ 1,364,462m ), of which $ 27,818m (2017: $ 32,109m ) was subject to offsetting. 5 These exposures continue to be secured by financial collateral, but we may not have sought or been able to obtain a legal opinion evidencing enforceability of the right of offset. |
Assets pledged, collateral rece
Assets pledged, collateral received and assets transferred | 12 Months Ended |
Dec. 31, 2018 | |
Financial Instruments [Abstract] | |
Assets pledged, collateral received and assets transferred | 17 Assets pledged, collateral received and assets transferred Assets pledged Financial assets pledged as collateral 2018 2017 Footnotes $m $m Treasury bills and other eligible securities 11,470 10,183 Loans and advances to banks 1 151 14,518 Loans and advances to customers 1 51,659 68,336 Debt securities 95,210 96,245 Equity securities 22,510 33,209 Other 1 34,028 2,743 Assets pledged at 31 Dec 2 215,028 225,234 1 Settlement accounts, cash collateral and margin receivables included within 'Loans and advances to banks' and 'Loans and advances to customers' were reclassified from ‘Trading assets’ to ‘Other assets’ on 1 January 2018. Comparative data has not been restated. 2 Information regarding the effects of adoption of IFRS 9 can be found in Note 37. Assets pledged as collateral include all assets categorised as encumbered in the disclosure on page 72 of the Pillar 3 Disclosures at 31 December 2018 . The amount of assets pledged to secure liabilities may be greater than the book value of assets utilised as collateral. For example, in the case of securitisations and covered bonds, the amount of liabilities issued plus mandatory over-collateralisation is less than the book value of the pool of assets available for use as collateral. This is also the case where assets are placed with a custodian or a settlement agent that has a floating charge over all the assets placed to secure any liabilities under settlement accounts. These transactions are conducted under terms that are usual and customary to collateralised transactions including, where relevant, standard securities lending and borrowing, repurchase agreements and derivative margining. HSBC places both cash and non-cash collateral in relation to derivative transactions. Financial assets pledged as collateral which the counterparty has the right to sell or repledge 2018 2017 $m $m Trading assets 76,121 70,117 Financial investments 15,741 13,581 At 31 Dec 91,862 83,698 Collateral received The fair value of assets accepted as collateral, relating primarily to standard securities lending, reverse repurchase agreements, swaps of securities and derivative margining, that HSBC is permitted to sell or repledge in the absence of default was $ 482,818 m ( 2017 : $ 387,678 m). The fair value of any such collateral sold or repledged was $ 350,848 m ( 2017 : $ 243,531 m). HSBC is obliged to return equivalent securities. These transactions are conducted under terms that are usual and customary to standard securities lending, reverse repurchase agreements and derivative margining. Assets transferred The assets pledged include transfers to third parties that do not qualify for derecognition, notably secured borrowings such as debt securities held by counterparties as collateral under repurchase agreements and equity securities lent under securities lending agreements, as well as swaps of equity and debt securities. For secured borrowings, the transferred asset collateral continues to be recognised in full and a related liability, reflecting the Group’s obligation to repurchase the assets for a fixed price at a future date, is also recognised on the balance sheet. Where securities are swapped, the transferred asset continues to be recognised in full. There is no associated liability as the non-cash collateral received is not recognised on the balance sheet. The Group is unable to use, sell or pledge the transferred assets for the duration of the transaction, and remains exposed to interest rate risk and credit risk on these pledged assets. With the exception of ‘Other sales’ in the table below, the counterparty’s recourse is not limited to the transferred assets. Transferred financial assets not qualifying for full derecognition and associated financial liabilities Carrying amount of: Fair value of: Transferred assets Associated liabilities Transferred assets Associated liabilities Net position $m $m $m $m $m At 31 Dec 2018 Repurchase agreements 62,216 60,361 Securities lending agreements 32,486 2,426 Other sales (recourse to transferred assets only) 2,647 2,647 2,625 2,630 (5 ) At 31 Dec 2017 Repurchase agreements 55,510 52,093 Securities lending agreements 33,878 3,324 Other sales (recourse to transferred assets only) 2,387 2,388 2,377 2,378 (1 ) |
Interest in associates and join
Interest in associates and joint ventures | 12 Months Ended |
Dec. 31, 2018 | |
Interests In Other Entities [Abstract] | |
Interest in associates and joint ventures | 18 Interests in associates and joint ventures Associates At 31 December 2018, the carrying amount of HSBC’s interests in associates was $22,244m (2017: $22,577m ). Principal associates of HSBC 2018 2017 Carrying Fair 1 Carrying Fair 1 $m $m $m $m Bank of Communications Co., Limited 17,754 10,991 18,057 10,491 The Saudi British Bank 3,557 5,222 3,618 4,320 1 Principal associates are listed on recognised stock exchanges. The fair values are based on the quoted market prices of the shares held (Level 1 in the fair value hierarchy). At 31 Dec 2018 Footnotes Country of incorporation and principal place of business Principal activity HSBC’s interest % Bank of Communications Co., Limited People’s Republic of China Banking services 19.03 The Saudi British Bank 1 Saudi Arabia Banking services 40.00 1 In 2018, The Saudi British Bank announced a merger agreement with Alawwal Bank in Saudi Arabia. The merger, subject to shareholder and regulatory approval, is expected to be completed in 2019 and would dilute HSBC’s shareholding in the merged bank from 40% to 29.2% . A list of all associates and joint ventures is set out on page 341 . Bank of Communications Co., Limited (‘BoCom’) The Group’s investment in BoCom is classified as an associate. Significant influence in BoCom was established via representation on BoCom’s Board of Directors and participation in a technical cooperation and exchange programme (‘TCEP’). Under the TCEP, a number of HSBC staff have been seconded to assist in the maintenance of BoCom’s financial and operating policies. Investments in associates are recognised using the equity method of accounting in accordance with IAS 28, whereby the investment is initially recognised at cost and adjusted thereafter for the post-acquisition change in the Group’s share of BoCom’s net assets. An impairment test is required if there is any indication of impairment. Impairment testing At 31 December 2018, the fair value of HSBC’s investment in BoCom had been below the carrying amount for approximately 80 months. As a result, the Group performed an impairment test on the carrying amount of the investment in BoCom, which confirmed there was no impairment at 31 December 2018 as the recoverable amount as determined by a value-in-use (‘VIU’) calculation was higher than the carrying value. At 31 Dec 2018 At 31 Dec 2017 VIU Carrying value Fair VIU Carrying value Fair $bn $bn $bn $bn $bn $bn Bank of Communications Co., Limited 18.0 17.8 11.0 18.3 18.1 10.5 I n future periods, the VIU may increase or decrease depending on the effect of changes to model inputs. The main model inputs are described below and are based on factors observed at the period-end. The factors that could result in a change in the VIU and an impairment include a short-term underperformance by BoCom, a change in regulatory capital requirements, or an increase in uncertainty regarding the future performance of BoCom resulting in a downgrade of the future asset growth or profitability. An increase in the discount rate as a result of an increase in the risk premium or risk-free rates could also result in a reduction of VIU and an impairment. At the point where the carrying value exceeds the VIU, impairment would be recognised. If the Group did not have significant influence in BoCom, the investment would be carried at fair value rather than the current carrying value. Basis of recoverable amount The impairment test was performed by comparing the recoverable amount of BoCom, determined by a VIU calculation, with its carrying amount. The VIU calculation uses discounted cash flow projections based on management’s estimates of future earnings available to ordinary shareholders prepared in accordance with IAS 36. Significant management judgement is required in arriving at the best estimate. There are two main components to the VIU calculation. The first component is management’s best estimate of BoCom’s earnings which is based on management’s explicit forecasts over the short to medium term. This results in forecast earnings growth that is lower than recent historical actual growth and also reflects the uncertainty arising from the current economic outlook. Earnings beyond the short to medium term are then extrapolated in perpetuity using a long-term growth rate to derive a terminal value, which comprises the majority of the VIU. The second component is the capital maintenance charge (‘CMC’) which is management’s forecast of the earnings that need to be withheld in order for BoCom to meet regulatory capital requirements over the forecast period (i.e. CMC is deducted when arriving at management’s estimate of future earnings available to ordinary shareholders). The principal inputs to the CMC calculation include estimates of asset growth, the ratio of risk-weighted assets to total assets, and the expected minimum regulatory capital requirements. An increase in the CMC as a result of a change to these principal inputs would reduce VIU. Additionally, management considers other factors (including qualitative factors) to ensure that the inputs to the VIU calculation remain appropriate. Key assumptions in value-in-use calculation We used a number of assumptions in our VIU calculation, in accordance with the requirements of IAS 36: • Long-term profit growth rate: 3% (2017: 3% ) for periods after 2022, which does not exceed forecast GDP growth in mainland China and is consistent with forecasts by external analysts. • Long-term asset growth rate: 3% (2017: 3% ) for periods after 2022, which is the rate that assets are expected to grow to achieve long-term profit growth of 3% . • Discount rate: 11.82% (2017: 11.85% ), which is based on a capital asset pricing model (‘CAPM’) calculation for BoCom, using market data. Management also compares rates derived from the CAPM with discount rates from external sources. The discount rate used was within the range of 10.4% to 15.0% (2017: 10.2% to 13.4% ) indicated by external sources. • Loan impairment charge as a percentage of customer advances: an increased range from 0.73% to 0.79% (2017: 0.66% to 0.82% ) in the short to medium term reflect US-China trade tensions. For periods after 2022, the ratio is 0.70% (2017: 0.70% ), which is slightly higher than the historical average. • Risk-weighted assets as a percentage of total assets: 62% (2017: 62% ) for all forecast periods. This is slightly higher than BoCom’s actual results and slightly lower than the forecasts disclosed by external analysts. • Cost-income ratio: ranges from 38.7% to 39.0% (2017: 37.1% to 38.0% ) in the short to medium term. This is consistent with the forecasts disclosed by external analysts. • Effective tax rate: ranges from 13.8% to 22.3% (2017: 18.2% to 22.5% ) in the short to medium term, reflecting an expected increase towards the long-term assumption. For periods after 2022, the rate is 22.5% (2017: 22.5% ), which is slightly higher than the historical average. • Regulatory capital requirements: capital adequacy ratio of 11.5% (2017: 11.5% ) and tier 1 capital adequacy ratio of 9.5% (2017: 9.5% ), based on the minimum regulatory requirements. The following table shows the change to each key assumption in the VIU calculation that on its own would reduce the headroom to nil. Key assumption Changes to key assumption to reduce headroom to nil • Long-term profit growth rate • decreases by 13 basis points • Long-term asset growth rate • increases by 12 basis points • Discount rate • increases by 16 basis points • Loan impairment charge as a percentage of customer advances • increases by 2 basis points • Risk-weighted assets as a percentage of total assets • increases by 77 basis points • Cost-income ratio • increases by 50 basis points • Long-term effective tax rate • increases by 123 basis points • Regulatory capital requirements – capital adequacy ratio • increases by 14 basis points • Regulatory capital requirements – tier 1 capital adequacy ratio • increases by 75 basis points The following table further illustrates the impact on VIU of reasonably possible changes to key assumptions. This reflects the sensitivity of the VIU to each key assumption on its own and it is possible that more than one favourable and/or unfavourable change will occur at the same time. The selected rates of reasonably possible changes to key assumptions are largely based on external analysts’ forecasts, which can change from period to period. Sensitivity of VIU to reasonably possible changes in key assumptions Favourable change Unfavourable change Increase VIU Decrease VIU bps $bn $bn bps $bn $bn At 31 Dec 2018 Long-term profit growth rate 100 2.6 20.6 (10 ) (0.2 ) 17.8 Long-term asset growth rate (10 ) 0.3 18.3 100 (2.8 ) 15.3 Discount rate (142 ) 3.2 21.3 28 (0.5 ) 17.5 Loan impairment charge as a percentage of customer advances 2018-22: 0.70% 0.9 18.9 2018-22: 0.83% (1.0 ) 17.0 Risk-weighted assets as a percentage of total assets (140 ) 0.5 18.6 80 (0.3 ) 17.8 Cost-income ratio (160 ) 1.1 19.2 200 (1.4 ) 16.7 Long term effective tax rate (280 ) 0.7 18.7 250 (0.6 ) 17.5 Earnings in short to medium term – compound annual growth rate 1 204 1.6 19.6 (366 ) (2.5 ) 15.5 Regulatory capital requirements – capital adequacy ratio — — 18.0 258 (5.0 ) 13.0 Regulatory capital requirements - tier 1 capital adequacy ratio — — 18.0 243 (3.2 ) 14.8 At 31 Dec 2017 Long-term profit growth rate 200 6.6 24.9 — — 18.3 Long-term asset growth rate (20 ) 0.5 18.9 200 (7.1 ) 11.2 Discount rate (35 ) 0.7 19.1 65 (1.2 ) 17.1 Loan impairment charge as a percentage of customer advances 2017-20: 0.71% 0.1 18.5 2017-20: 0.90% (1.3 ) 17.0 Risk-weighted assets as a percentage of total assets (60 ) 0.2 18.6 30 (0.1 ) 18.2 Cost-income ratio (173 ) 1.5 19.8 — — 18.3 Long-term effective tax rate (120 ) 0.3 18.6 250 (0.67 ) 17.7 Earnings in short to medium term – compound annual growth rate 1 288 2.8 21.1 (311 ) (3.6 ) 14.7 Regulatory capital requirements – capital adequacy ratio — — 18.3 248 (5.6 ) 12.7 Regulatory capital requirements – tier 1 capital adequacy ratio — — 18.3 234 (3.5 ) 14.8 1 Based on management’s explicit forecasts over the short to medium term. Considering the interrelationship of the changes set out in the table above, management estimates that the reasonably possible range of VIU is $15.5b n to $19.6 bn (2017: $14.7b n to $21.1b n). In 2018, the range is based on the favourable/unfavourable change in the earnings in the short to medium-term and long-term LICs set out in the table above. All other long-term assumptions, the discount rate and the basis of the CMC have been kept unchanged when determining the reasonably possible range of the VIU. Selected financial information of BoCom The statutory accounting reference date of BoCom is 31 December. For the year ended 31 December 2018, HSBC included the associate’s results on the basis of the financial statements for the 12 months ended 30 September 2018, taking into account changes in the subsequent period from 1 October 2018 to 31 December 2018 that would have materially affected the results. Selected balance sheet information of BoCom At 30 Sep 2018 2017 Footnotes $m $m Cash and balances at central banks 125,414 146,029 Loans and advances to banks and other financial institutions 102,980 120,403 Loans and advances to customers 686,951 662,706 Other financial assets 408,136 386,067 Other assets 42,106 58,202 Total assets 1,365,587 1,373,407 Deposits by banks and other financial institutions 304,395 366,993 Customer accounts 829,539 747,882 Other financial liabilities 94,900 123,751 Other liabilities 36,332 32,568 Total liabilities 1,265,166 1,271,194 Total equity 1 100,421 102,213 1 Due to the adoption of IFRS9, the opening equity of BoCom at 1 January 2018 was reduced by $4,053m . Reconciliation of BoCom’s total shareholders’ equity to the carrying amount in HSBC’s consolidated financial statements At 30 Sep 2018 2017 $m $m HSBC’s share of total shareholders’ equity 17,275 17,551 Goodwill and other intangible assets 479 506 Carrying amount 17,754 18,057 Selected income statement information of BoCom For the 12 months ended 30 Sep 2018 2017 $m $m Net interest income 19,295 19,080 Net fee and commission income 6,245 5,698 Change in expected credit losses/loan impairment charges (5,602 ) (4,286 ) Depreciation and amortisation (767 ) (1,342 ) Tax expense (1,554 ) (2,234 ) Profit for the year 11,116 10,288 Other comprehensive income 190 (624 ) Total comprehensive income 11,306 9,664 Dividends received from BoCom 611 565 Summarised aggregate financial information for all associates excluding BoCom 2018 2017 $m $m Carrying amount 4,482 4,520 HSBC’s share of: – total assets 20,470 20,625 – total liabilities 15,675 16,119 – revenues 959 1,051 – profit or loss from continuing operations 487 487 Joint ventures At 31 December 2018, the carrying amount of HSBC’s interests in joint ventures was $163m (2017: $167m ). Associates and joint ventures For the year ended 31 December 2018, HSBC’s share of associates’ and joint ventures’ tax on profit was $306m (2017: $440m ). This is included within ‘Share of profit in associates and joint ventures’ in the ‘Consolidated income statement’. Movements in interests in associates and joint ventures 2018 2017 Footnotes $m $m As at 31 Dec 2017 22,744 20,029 Impact on transition to IFRS 9 (942 ) N/A At 1 Jan 21,802 20,029 Additions 81 60 Disposals (85 ) (67 ) Share of results 2,536 2,375 Dividends (910 ) (740 ) Exchange differences (1,018 ) 1,144 Share of other comprehensive income of associates and joint ventures (64 ) (43 ) Other movements 65 (14 ) At 31 Dec 1 22,407 22,744 1 Includes goodwill of $511m (2017: $521m ). 20 Structured entities HSBC is mainly involved with both consolidated and unconsolidated structured entities through the securitisation of financial assets, conduits and investment funds, established either by HSBC or a third party. Consolidated structured entities Total assets of HSBC’s consolidated structured entities, split by entity type Conduits Securitisations HSBC Other Total $bn $bn $bn $bn $bn At 31 Dec 2018 9.2 5.7 6.5 4.4 25.8 At 31 Dec 2017 12.9 4.8 7.0 3.2 27.9 Conduits HSBC has established and manages two types of conduits: securities investment conduits (‘SICs’) and multi-seller conduits. Securities investment conduits The SICs purchase highly rated ABSs to facilitate tailored investment opportunities. • At 31 December 2018 , Solitaire, HSBC’s principal SIC, held $2.3b n of ABSs ( 2017 : $3.2b n). These are included within the disclosures of ABSs on page 161 . It is currently funded entirely by commercial paper (‘CP’) issued to HSBC. Although HSBC continues to provide a liquidity facility, Solitaire has no need to draw on it as long as HSBC purchases its issued CP, which HSBC intends to do for the foreseeable future. At 31 December 2018 , HSBC held $3.4b n of CP ( 2017 : $4.6b n). • Mazarin is funded by medium-term notes, and is no longer funded by repurchase agreements. HSBC’s primary exposure to Mazarin is represented by the amortised cost of the debt required to support the non-cash assets of the vehicles. At 31 December 2018 , this amounted to $0.5b n ( 2017 : $0.9b n). The first loss protection is provided through the capital notes issued by the vehicle, which are held substantially by third parties. • Barion and Malachite’s clean-up redemption conditions were triggered in March 2018 and August 2018 respectively, resulting in the full redemption of these vehicles. Multi-seller conduit HSBC’s multi-seller conduit was established to provide access to flexible market-based sources of finance for its clients. Currently, HSBC bears risk equal to the transaction-specific facility offered to the multi-seller conduit, amounting to $16.1b n at 31 December 2018 ( 2017 : $15.7b n). First loss protection is provided by the originator of the assets, and not by HSBC, through transaction-specific credit enhancements. A layer of secondary loss protection is provided by HSBC in the form of programme-wide enhancement facilities. Securitisations HSBC uses structured entities to securitise customer loans and advances it originates in order to diversify its sources of funding for asset origination and capital efficiency purposes. The loans and advances are transferred by HSBC to the structured entities for cash or synthetically through credit default swaps, and the structured entities issue debt securities to investors. HSBC managed funds HSBC has established a number of money market and non-money market funds. Where it is deemed to be acting as principal rather than agent in its role as investment manager, HSBC controls these funds. Other HSBC has entered into a number of transactions in the normal course of business, which include asset and structured finance transactions where it has control of the structured entity. In addition, HSBC is deemed to control a number of third-party managed funds through its involvement as a principal in the funds. Unconsolidated structured entities The term ‘unconsolidated structured entities’ refers to all structured entities not controlled by HSBC. The Group enters into transactions with unconsolidated structured entities in the normal course of business to facilitate customer transactions and for specific investment opportunities. Nature and risks associated with HSBC interests in unconsolidated structured entities Securitisations HSBC managed funds Non-HSBC managed funds Other Total Total asset values of the entities ($m) 0–500 76 243 906 79 1,304 500–2,000 10 56 570 5 641 2,000–5,000 1 17 230 — 248 5,000–25,000 — 5 90 1 96 25,000+ — 2 10 — 12 Number of entities at 31 Dec 2018 87 323 1,806 85 2,301 $bn $bn $bn $bn $bn Total assets in relation to HSBC’s interests in the unconsolidated structured entities 3.8 8.3 8.9 4.7 25.7 – trading assets — 0.1 0.3 1.3 1.7 – financial assets designated and otherwise mandatorily measured at fair value — 7.3 7.9 — 15.2 – loans and advances to customers 3.8 — 0.3 2.7 6.8 – financial investments — 0.9 0.4 0.3 1.6 – other assets — — — 0.4 0.4 Total liabilities in relation to HSBC’s interests in the unconsolidated structured entities — — — 0.2 0.2 – other liabilities — — — 0.2 0.2 Other off-balance sheet commitments 0.8 0.1 3.3 1.0 5.2 HSBC’s maximum exposure at 31 Dec 2018 4.6 8.4 12.2 5.5 30.7 Total asset values of the entities ($m) 0–500 78 321 930 210 1,539 500–2,000 6 56 578 3 643 2,000–5,000 — 17 235 — 252 5,000–25,000 2 10 104 1 117 25,000+ — 2 11 — 13 Number of entities at 31 Dec 2017 86 406 1,858 214 2,564 $bn $bn $bn $bn $bn Total assets in relation to HSBC’s interests in the unconsolidated structured entities 4.0 9.1 9.3 4.1 26.5 – trading assets — 0.2 0.2 2.4 2.8 – financial assets designated at fair value — 8.0 8.3 — 16.3 – loans and advances to banks — — — 0.1 0.1 – loans and advances to customers 4.0 — — 1.1 5.1 – financial investments — 0.9 0.8 0.1 1.8 – other assets — — — 0.4 0.4 Total liabilities in relation to HSBC’s interests in the unconsolidated structured entities — — — 0.3 0.3 – other liabilities — — — 0.3 0.3 Other off-balance sheet commitments — 0.1 2.2 0.3 2.6 HSBC’s maximum exposure at 31 Dec 2017 4.0 9.2 11.5 4.4 29.1 The maximum exposure to loss from HSBC’s interests in unconsolidated structured entities represents the maximum loss it could incur as a result of its involvement with these entities regardless of the probability of the loss being incurred. • For commitments, guarantees and written credit default swaps, the maximum exposure to loss is the notional amount of potential future losses. • For retained and purchased investments in and loans to unconsolidated structured entities, the maximum exposure to loss is the carrying value of these interests at the balance sheet reporting date. The maximum exposure to loss is stated gross of the effects of hedging and collateral arrangements that HSBC has entered into in order to mitigate the Group's exposure to loss. Securitisations HSBC has interests in unconsolidated securitisation vehicles through holding notes issued by these entities. In addition, HSBC has investments in ABSs issued by third-party structured entities, as set out on page 160 . HSBC managed funds HSBC establishes and manages money market funds and non-money market investment funds to provide customers with investment opportunities. Further information on funds under management is provided on page 87 . HSBC, as fund manager, may be entitled to receive management and performance fees based on the assets under management. HSBC may also retain units in these funds. Non-HSBC managed funds HSBC purchases and holds units of third-party managed funds in order to facilitate business and meet customer needs. Other HSBC has established structured entities in the normal course of business, such as structured credit transactions for customers, to provide finance to public and private sector infrastructure projects, and for asset and structured finance transactions. In addition to the interests disclosed above, HSBC enters into derivative contracts, reverse repos and stock borrowing transactions with structured entities. These interests arise in the normal course of business for the facilitation of third-party transactions and risk management solutions. HSBC sponsored structured entities The amount of assets transferred to and income received from such sponsored structured entities during 2018 and 2017 were not significant. 39 HSBC Holdings’ subsidiaries, joint ventures and associates In accordance with section 409 of the Companies Act 2006 a list of HSBC Holdings plc subsidiaries, joint ventures and associates, the registered office address and the effective percentage of equity owned at 31 December 2018 are disclosed below. Unless otherwise stated, the share capital comprises ordinary or common shares that are held by Group subsidiaries. The ownership percentage is provided for each undertaking. The undertakings below are consolidated by HSBC unless otherwise indicated. Subsidiaries Subsidiaries % of share class held by immediate parent company (or by the Group where this varies) Footnotes ACN 087 652 113 Pty Limited (in liquidation) 100.00 16 Almacenadora Banpacifico S.A. (in liquidation) 99.99 18 Assetfinance December (F) Limited 100.00 19 Assetfinance December (H) Limited 100.00 19 Assetfinance December (M) Limited 100.00 19 Assetfinance December (P) Limited 100.00 19 Assetfinance December (R) Limited 100.00 19 Assetfinance June (A) Limited 100.00 19 Assetfinance June (D) Limited 100.00 19 Assetfinance Limited 100.00 19 Assetfinance March (B) Limited 100.00 20 Assetfinance March (D) Limited 100.00 19 Assetfinance March (F) Limited 100.00 19 Assetfinance September (F) Limited 100.00 19 Assetfinance September (G) Limited 100.00 19 B&Q Financial Services Limited 100.00 21 Banco Nominees (Guernsey) Limited 100.00 22 Banco Nominees 2 (Guernsey) Limited 100.00 22 Banco Nominees Limited 100.00 23 Bank of Bermuda (Cayman) Limited 100.00 24 Beau Soleil Limited Partnership n/a 7, 25 Beijing Miyun HSBC Rural Bank Company Limited 100.00 12, 26 Billingsgate Nominees Limited 100.00 19 Canada Crescent Nominees (UK) Limited 100.00 19 Canada Square Nominees (UK) Limited 100.00 19 Canada Water Nominees (UK) Limited (in liquidation) 100.00 19 Capco/Cove, Inc. 100.00 27 Card-Flo #1, Inc. 100.00 28 Card-Flo #3, Inc. 100.00 29 CC&H Holdings LLC n/a 7, 30 CCF & Partners Asset Management Limited 99.99 19 CCF Charterhouse GmbH & Co Asset Leasing KG (in liquidation) n/a 7, 31 CCF Charterhouse GmbH (in liquidation) 100.00 (99.99) 4, 31 CCF Holding (LIBAN) S.A.L. (in liquidation) 74.99 1, 32 Charterhouse Administrators (D.T.) Limited 100.00 (99.99) 19 Charterhouse Development Limited (in liquidation) 100.00 36 Charterhouse Management Services Limited 100.00 (99.99) 19 Charterhouse Pensions Limited 100.00 19 Chongqing Dazu HSBC Rural Bank Company Limited 100.00 12, 33 Chongqing Fengdu HSBC Rural Bank Company Limited 100.00 12, 34 Chongqing Rongchang HSBC Rural Bank Company Limited 100.00 12, 35 CL Residential Limited (in liquidation) 100.00 36 COIF Nominees Limited n/a 7, 19 Cordico Management AG 100.00 37 Corhold Limited 100.00 38 Corsair IV Financial Services Capital Partners n/a 7, 49 Dalian Pulandian HSBC Rural Bank Company Limited 100.00 12, 39 Decision One Mortgage Company, LLC n/a 7, 40 Dem 5 100.00 (99.99) 4, 41 Dem 9 100.00 (99.99) 4, 41 Dempar 1 100.00 (99.99) 4, 42 Dempar 4 100.00 (99.99) 4, 42 Desarrollo Turistico, S.A. de C.V. (in liquidation) 99.99 18 Elysees GmbH (in liquidation) 100.00 (99.99) 11, 31 Elysées Immo Invest 100.00 (99.99) 4, 43 Equator Holdings Limited (in liquidation) 100.00 19 Subsidiaries % of share class held by immediate parent company (or by the Group where this varies) Footnotes Eton Corporate Services Limited 100.00 22 Far East Leasing SA (in liquidation) 100.00 44 Fdm 5 SAS 100.00 (99.99) 4, 41 FEPC Leasing Ltd. (in liquidation) 100.00 3, 45 Finanpar 2 100.00 (99.99) 4, 43 Finanpar 7 100.00 (99.99) 4, 43 Flandres Contentieux S.A. 100.00 (99.99) 1, 4, 46 Foncière Elysées 100.00 (99.99) 4, 42 Forward Trust Rail Services Limited (in liquidation) 100.00 19 Fujian Yongan HSBC Rural Bank Company Limited 100.00 12, 47 Fulcher Enterprises Company Limited 100.00 (62.14) 48 Fundacion HSBC, A.C. 99.99 1, 11, 18 Giller Ltd. 100.00 27 Global Payments Technology Mexico S.A. De C.V. 100.00 (99.99) 18 GPIF Co-Investment, LLC n/a 7, 29 Griffin International Limited 100.00 19 Grundstuecksgesellschaft Trinkausstrasse Kommanditgesellschaft n/a 7, 50 Grupo Financiero HSBC, S. A. de C. V. 99.99 18 Guangdong Enping HSBC Rural Bank Company Limited 100.00 12, 51 Hang Seng (Nominee) Limited 100.00 (62.14) 48 Hang Seng Bank (China) Limited 100.00 (62.14) 12, 54 Hang Seng Bank (Trustee) Limited 100.00 (62.14) 48 Hang Seng Bank Limited 62.14 48 Hang Seng Bullion Company Limited 100.00 (62.14) 48 Hang Seng Credit Limited 100.00 (62.14) 48 Hang Seng Data Services Limited 100.00 (62.14) 48 Hang Seng Finance Limited 100.00 (62.14) 48 Hang Seng Financial Information Limited 100.00 (62.14) 48 Hang Seng Futures Limited (in liquidation) 100.00 (62.14) 48 Hang Seng Indexes Company Limited 100.00 (62.14) 48 Hang Seng Insurance Company Limited 100.00 (62.14) 48 Hang Seng Investment Management Limited 100.00 (62.14) 48 Hang Seng Investment Services Limited 100.00 (62.14) 48 Hang Seng Life Limited 100.00 (62.14) 48 Hang Seng Real Estate Management Limited 100.00 (62.14) 48 Hang Seng Securities Limited 100.00 (62.14) 48 Hang Seng Security Management Limited 100.00 (62.14) 48 Hang Seng Qianhai Fund Management Company Limited 70.00 (43.49) 12, 189 Haseba Investment Company Limited 100.00 (62.14) 48 HFC Bank Limited (in liquidation) 100.00 36 Hg Janus A Co-Invest L.P. n/a 7, 210 High Time Investments Limited 100.00 (62.14) 48 HITG Administration GmbH 100.00 55 Honey Green Enterprises Ltd. 100.00 56 Hongkong International Trade Finance (Holdings) Limited (in liquidation) 100.00 19 Household Capital Markets LLC n/a 7, 29 Household Finance Corporation III 100.00 29 Household International Europe Limited (in liquidation) 100.00 3, 36 Household Pooling Corporation 100.00 58 HRMG Nominees Limited 100.00 22 HSBC (BGF) Investments Limited 100.00 19 HSBC (General Partner) Limited 100.00 2, 60 HSBC (Guernsey) GP PCC Limited 100.00 22 HSBC (Kuala Lumpur) Nominees Sdn Bhd 100.00 61 HSBC (Malaysia) Trustee Berhad 100.00 62 HSBC (Singapore) Nominees Pte Ltd 100.00 63 Subsidiaries % of share class held by immediate parent company (or by the Group where this varies) Footnotes HSBC Administradora de Inversiones S.A. 100.00 (99.65) 64 HSBC Agency (India) Private Limited 100.00 65 HSBC Alpha Funding (UK) Holdings LP (in liquidation) n/a 7, 66 HSBC Alternative Investments Limited 100.00 19 HSBC Amanah Malaysia Berhad 100.00 61 HSBC Amanah Takaful (Malaysia) Berhad 49.00 9, 61 HSBC Americas Corporation (Delaware) 100.00 29 HSBC Argentina Holdings S.A. 100.00 67 HSBC Asia Holdings (UK) Limited 100.00 19 HSBC Asia Holdings B.V. 100.00 3, 19 HSBC Asia Holdings Limited 100.00 2, 68 HSBC Asia Pacific Holdings (UK) Limited 100.00 5, 19 HSBC Asset Finance (UK) Limited 100.00 19 HSBC Asset Finance Holdings Limited (in liquidation) 100.00 19 HSBC Asset Finance M.O.G. Holdings (UK) Limited 100.00 19 HSBC Asset Management (India) Private Limited 100.00 (99.99) 3, 69 HSBC Assurances Vie (France) 100.00 (99.99) 4, 46 HSBC Australia Holdings Pty Limited 100.00 3, 5, 16 HSBC Bank (Chile) 100.00 70 HSBC Bank (China) Company Limited 100.00 12, 71 HSBC Bank (General Partner) Limited 100.00 60 HSBC Bank (Mauritius) Limited 100.00 72 HSBC Bank (RR) (Limited Liability Company) 100.00 13, 73 HSBC Bank (Singapore) Limited 100.00 63 HSBC Bank (Taiwan) Limited 100.00 74 HSBC Bank (Uruguay) S.A. 100.00 75 HSBC Bank (Vietnam) Ltd. 100.00 76 HSBC Bank A.S. 100.00 77 HSBC Bank Argentina S.A. 100.00 (99.99) 67 HSBC Bank Armenia cjsc 70.00 78 HSBC Bank Australia Limited 100.00 16 HSBC Bank Bermuda Limited 100.00 23 HSBC Bank Canada 100.00 3, 79 HSBC Bank Capital Funding (Sterling 1) LP n/a 7, 60 HSBC Bank Capital Funding (Sterling 2) LP n/a 7, 60 HSBC Bank Egypt S.A.E 94.54 80 HSBC Bank Malaysia Berhad 100.00 61 HSBC Bank Malta p.l.c. 70.03 81 HSBC Bank Middle East Limited 100.00 5, 82 HSBC Bank Middle East Limited, Representative Office Morocco SARL 100.00 83 HSBC Bank Nominee (Jersey) Limited 100.00 85 HSBC Bank Oman S.A.O.G. 51.00 86 HSBC Bank Pension Trust (UK) Limited 100.00 19 HSBC Bank plc 100.00 3, 19 HSBC Bank Polska S.A. 100.00 3, 87 HSBC Bank USA, National Association 100.00 3, 88 HSBC Branch Nominee (UK) Limited 100.00 19 HSBC Brasil Holding S.A. 100.00 89 HSBC Brasil S.A. Banco De Investimento 100.00 89 HSBC Broking Forex (Asia) Limited 100.00 68 HSBC Broking Futures (Asia) Limited 100.00 68 HSBC Broking Futures (Hong Kong) Limited 100.00 68 HSBC Broking Securities (Asia) Limited 100.00 68 HSBC Broking Securities (Hong Kong) Limited 100.00 68 HSBC Broking Services (Asia) Limited 100.00 68 HSBC Canadian Covered Bond (Legislative) GP Inc 100.00 90 HSBC Canadian Covered Bond (Legislative) Guarantor Limited Partnership n/a 7, 90 HSBC Capital (USA), Inc. 100.00 29 HSBC Capital Funding (Dollar 1) L.P. n/a 7, 60 HSBC Capital Limited 100.00 68 HSBC Card Services Inc. 100.00 29 Subsidiaries % of share class held by immediate parent company (or by the Group where this varies) Footnotes HSBC Casa de Bolsa, S.A. de C.V., Grupo Financiero HSBC 99.99 18 HSBC Cayman Services Limited 100.00 92 HSBC City Funding Holdings 100.00 19 HSBC Client Holdings Nominee (UK) Limited 100.00 19 HSBC Client Share Offer Nominee (UK) Limited 100.00 19 HSBC Columbia Funding, LLC n/a 7, 29 HSBC Corporate Advisory (Malaysia) Sdn Bhd 100.00 61 HSBC Corporate Finance (Hong Kong) Limited 100.00 68 HSBC Corporate Trustee Company (UK) Limited 100.00 19 HSBC Custody Nominees (Australia) Limited 100.00 16 HSBC Custody Services (Guernsey) Limited 100.00 22 HSBC Daisy Investments (Mauritius) Limited 100.00 94 HSBC Diversified Loan Fund General Partner Sarl n/a 7, 95 HSBC Electronic Data Processing (Guangdong) Limited 100.00 12, 96 HSBC Electronic Data Processing (Malaysia) Sdn Bhd 100.00 97 HSBC Electronic Data Processing (Philippines), Inc. 99.99 98 HSBC Electronic Data Processing India Private Limited 100.00 99 HSBC Electronic Data Processing Lanka (Private) Limited 100.00 100 HSBC Electronic Data Service Delivery (Egypt) S.A.E. 100.00 101 HSBC Enterprise Investment Company (UK) Limited 100.00 19 HSBC Epargne Entreprise (France) 100.00 (99.99) 4, 46 HSBC Equator (UK) Limited (in liquidation) 100.00 19 HSBC Equipment Finance (UK) Limited 100.00 19 HSBC Equity (UK) Limited 100.00 19 HSBC Europe B.V. 100.00 19 HSBC Executor & Trustee Company (UK) Limited 100.00 19 HSBC Factoring (France) 100.00 (99.99) 4, 42 HSBC Finance (Brunei) Berhad 100.00 102 HSBC Finance (Netherlands) 100.00 2, 19 HSBC Finance Corporation 100.00 29 HSBC Finance Limited 100.00 19 HSBC Finance Mortgages Inc. 100.00 103 HSBC Finance Transformation (UK) Limited 100.00 2, 19 HSBC Financial Services (Lebanon) s.a.l. 99.60 104 HSBC Financial Services (Middle East) Limited (in liquidation) 100.00 105 HSBC Financial Services (Uruguay) S.A. (in liquidation) 100.00 106 HSBC France 99.99 4, 42 HSBC Fund Services (Korea) Limited 92.95 108 HSBC Funding (UK) Holdings (active proposal to strike off) 100.00 19 HSBC Germany Holdings GmbH 100.00 50 HSBC Global Asset Management (Bermuda) Limited 100.00 3, 23 HSBC Global Asset Management (Canada) Limited 100.00 79 HSBC Global Asset Management (Deutschland) GmbH 100.00 (80.67) 50 HSBC Global Asset Management (France) 100.00 (99.99) 4, 110 HSBC Global Asset Management (Hong Kong) Limited 100.00 25 HSBC Global Asset Management (International) Limited (in |
Investments in subsidiaries
Investments in subsidiaries | 12 Months Ended |
Dec. 31, 2018 | |
Interests In Other Entities [Abstract] | |
Investments in subsidiaries | 19 Investments in subsidiaries Main subsidiaries of HSBC Holdings At 31 Dec 2018 Place of incorporation or registration HSBC’s interest % Share class Europe HSBC Bank plc England and Wales 100 £1 Ordinary, $0.01 Non-cumulative third Dollar Preference HSBC UK Bank plc England and Wales 100 £1 Ordinary HSBC France France 99.99 €5 Actions HSBC Trinkaus & Burkhardt AG Germany 80.67 Stückaktien no par value Asia Hang Seng Bank Limited Hong Kong 62.14 HK$5 Ordinary HSBC Bank (China) Company Limited People’s Republic of China 100 CNY1 Ordinary HSBC Bank Malaysia Berhad Malaysia 100 RM0.50 Ordinary HSBC Life (International) Limited Bermuda 100 HK$1 Ordinary The Hongkong and Shanghai Banking Corporation Limited Hong Kong 100 Ordinary no par value Middle East and North Africa HSBC Bank Middle East Limited United Arab Emirates 100 $1 Ordinary and $1 Cumulative Redeemable Preference shares (CRP) North America HSBC Bank Canada Canada 100 Common no par value and Preference no par value HSBC Bank USA, N.A. US 100 $100 Common and $0.01 Preference Latin America HSBC Mexico, S.A., Institución de Banca Múltiple, Mexico 99.99 MXN2 Ordinary Details of the debt, subordinated debt and preference shares issued by the main subsidiaries to parties external to the Group are included in Notes 25 ‘Debt securities in issue’, 28 ‘Subordinated liabilities’ and 31 ‘Non-controlling interests’, respectively. A list of all related undertakings is set out on pages 340 to 341 . The principal countries of operation are the same as the countries and territories of incorporation except for HSBC Life (International) Limited, which operates mainly in Hong Kong. HSBC is structured as a network of regional banks and locally incorporated regulated banking entities. Each bank is separately capitalised in accordance with applicable prudential requirements and maintains a capital buffer consistent with the Group’s risk appetite for the relevant country or region. HSBC’s capital management process is incorporated in the annual operating plan, which is approved by the Board. HSBC Holdings is the primary provider of equity capital to its subsidiaries and also provides them with non-equity capital where necessary. These investments are substantially funded by HSBC Holdings’ issuance of equity and non-equity capital, and by profit retention. The increase in HSBC Holding investments in subsidiaries of $67,300m during the year (2017: reduction of $2,920m ) was driven by $82,570m of restructuring and new capital injections (2017: $1,744m ), $2,200m part reversal of the impairment previously recognised in relation to HSBC Overseas Holdings (UK) Limited (2017: nil ), $197m other movements (2017: reduction of $289m ), partially offset by $17,348m net return of capital from subsidiaries (2017: $4,070m ), $136m movement in impairment (2017: $63m ) and $183m intra-Group disposals (2017: $242m ). The part reversal of impairment in relation to HSBC Overseas Holdings (UK) Limited is due to an increase in the future expected cash flows from this entity. As part of its capital management process, HSBC Holdings seeks to maintain a balance between the composition of its capital and its investment in subsidiaries. Subject to this, there is no current or foreseen impediment to HSBC Holdings’ ability to provide funding for such investments. During 2018, consistent with the Group’s capital plan, the Group’s subsidiaries did not experience any significant restrictions on paying dividends or repaying loans and advances. Also, there are no foreseen restrictions envisaged with regard to planned dividends or payments. However, the ability of subsidiaries to pay dividends or advance monies to HSBC Holdings depends on, among other things, their respective local regulatory capital and banking requirements, exchange controls, statutory reserves, and financial and operating performance. The amount of guarantees by HSBC Holdings in favour of other Group entities is set out in Note 33 . Information on structured entities consolidated by HSBC where HSBC owns less than 50% of the voting rights is included in Note 20 ‘Structured entities’. In each of these cases, HSBC controls and consolidates an entity when it is exposed, or has rights, to variable returns from its involvement with the entity and has the ability to affect those returns through its power over the entity. Subsidiaries with significant non-controlling interests 2018 2017 Hang Seng Bank Limited Proportion of ownership interests and voting rights held by non-controlling interests 37.86 % 37.86% Place of business Hong Kong Hong Kong $m $m Profit attributable to non-controlling interests 1,194 997 Accumulated non-controlling interests of the subsidiary 6,637 6,233 Dividends paid to non-controlling interests 647 594 Summarised financial information: – total assets 197,867 186,638 – total liabilities 179,450 169,275 – net operating income before changes in expected credit losses and other credit impairment charges 5,294 4,556 – profit for the year 3,159 2,632 – total comprehensive income for the year 2,950 2,895 |
Structured entities
Structured entities | 12 Months Ended |
Dec. 31, 2018 | |
Interests In Other Entities [Abstract] | |
Structured entities | 18 Interests in associates and joint ventures Associates At 31 December 2018, the carrying amount of HSBC’s interests in associates was $22,244m (2017: $22,577m ). Principal associates of HSBC 2018 2017 Carrying Fair 1 Carrying Fair 1 $m $m $m $m Bank of Communications Co., Limited 17,754 10,991 18,057 10,491 The Saudi British Bank 3,557 5,222 3,618 4,320 1 Principal associates are listed on recognised stock exchanges. The fair values are based on the quoted market prices of the shares held (Level 1 in the fair value hierarchy). At 31 Dec 2018 Footnotes Country of incorporation and principal place of business Principal activity HSBC’s interest % Bank of Communications Co., Limited People’s Republic of China Banking services 19.03 The Saudi British Bank 1 Saudi Arabia Banking services 40.00 1 In 2018, The Saudi British Bank announced a merger agreement with Alawwal Bank in Saudi Arabia. The merger, subject to shareholder and regulatory approval, is expected to be completed in 2019 and would dilute HSBC’s shareholding in the merged bank from 40% to 29.2% . A list of all associates and joint ventures is set out on page 341 . Bank of Communications Co., Limited (‘BoCom’) The Group’s investment in BoCom is classified as an associate. Significant influence in BoCom was established via representation on BoCom’s Board of Directors and participation in a technical cooperation and exchange programme (‘TCEP’). Under the TCEP, a number of HSBC staff have been seconded to assist in the maintenance of BoCom’s financial and operating policies. Investments in associates are recognised using the equity method of accounting in accordance with IAS 28, whereby the investment is initially recognised at cost and adjusted thereafter for the post-acquisition change in the Group’s share of BoCom’s net assets. An impairment test is required if there is any indication of impairment. Impairment testing At 31 December 2018, the fair value of HSBC’s investment in BoCom had been below the carrying amount for approximately 80 months. As a result, the Group performed an impairment test on the carrying amount of the investment in BoCom, which confirmed there was no impairment at 31 December 2018 as the recoverable amount as determined by a value-in-use (‘VIU’) calculation was higher than the carrying value. At 31 Dec 2018 At 31 Dec 2017 VIU Carrying value Fair VIU Carrying value Fair $bn $bn $bn $bn $bn $bn Bank of Communications Co., Limited 18.0 17.8 11.0 18.3 18.1 10.5 I n future periods, the VIU may increase or decrease depending on the effect of changes to model inputs. The main model inputs are described below and are based on factors observed at the period-end. The factors that could result in a change in the VIU and an impairment include a short-term underperformance by BoCom, a change in regulatory capital requirements, or an increase in uncertainty regarding the future performance of BoCom resulting in a downgrade of the future asset growth or profitability. An increase in the discount rate as a result of an increase in the risk premium or risk-free rates could also result in a reduction of VIU and an impairment. At the point where the carrying value exceeds the VIU, impairment would be recognised. If the Group did not have significant influence in BoCom, the investment would be carried at fair value rather than the current carrying value. Basis of recoverable amount The impairment test was performed by comparing the recoverable amount of BoCom, determined by a VIU calculation, with its carrying amount. The VIU calculation uses discounted cash flow projections based on management’s estimates of future earnings available to ordinary shareholders prepared in accordance with IAS 36. Significant management judgement is required in arriving at the best estimate. There are two main components to the VIU calculation. The first component is management’s best estimate of BoCom’s earnings which is based on management’s explicit forecasts over the short to medium term. This results in forecast earnings growth that is lower than recent historical actual growth and also reflects the uncertainty arising from the current economic outlook. Earnings beyond the short to medium term are then extrapolated in perpetuity using a long-term growth rate to derive a terminal value, which comprises the majority of the VIU. The second component is the capital maintenance charge (‘CMC’) which is management’s forecast of the earnings that need to be withheld in order for BoCom to meet regulatory capital requirements over the forecast period (i.e. CMC is deducted when arriving at management’s estimate of future earnings available to ordinary shareholders). The principal inputs to the CMC calculation include estimates of asset growth, the ratio of risk-weighted assets to total assets, and the expected minimum regulatory capital requirements. An increase in the CMC as a result of a change to these principal inputs would reduce VIU. Additionally, management considers other factors (including qualitative factors) to ensure that the inputs to the VIU calculation remain appropriate. Key assumptions in value-in-use calculation We used a number of assumptions in our VIU calculation, in accordance with the requirements of IAS 36: • Long-term profit growth rate: 3% (2017: 3% ) for periods after 2022, which does not exceed forecast GDP growth in mainland China and is consistent with forecasts by external analysts. • Long-term asset growth rate: 3% (2017: 3% ) for periods after 2022, which is the rate that assets are expected to grow to achieve long-term profit growth of 3% . • Discount rate: 11.82% (2017: 11.85% ), which is based on a capital asset pricing model (‘CAPM’) calculation for BoCom, using market data. Management also compares rates derived from the CAPM with discount rates from external sources. The discount rate used was within the range of 10.4% to 15.0% (2017: 10.2% to 13.4% ) indicated by external sources. • Loan impairment charge as a percentage of customer advances: an increased range from 0.73% to 0.79% (2017: 0.66% to 0.82% ) in the short to medium term reflect US-China trade tensions. For periods after 2022, the ratio is 0.70% (2017: 0.70% ), which is slightly higher than the historical average. • Risk-weighted assets as a percentage of total assets: 62% (2017: 62% ) for all forecast periods. This is slightly higher than BoCom’s actual results and slightly lower than the forecasts disclosed by external analysts. • Cost-income ratio: ranges from 38.7% to 39.0% (2017: 37.1% to 38.0% ) in the short to medium term. This is consistent with the forecasts disclosed by external analysts. • Effective tax rate: ranges from 13.8% to 22.3% (2017: 18.2% to 22.5% ) in the short to medium term, reflecting an expected increase towards the long-term assumption. For periods after 2022, the rate is 22.5% (2017: 22.5% ), which is slightly higher than the historical average. • Regulatory capital requirements: capital adequacy ratio of 11.5% (2017: 11.5% ) and tier 1 capital adequacy ratio of 9.5% (2017: 9.5% ), based on the minimum regulatory requirements. The following table shows the change to each key assumption in the VIU calculation that on its own would reduce the headroom to nil. Key assumption Changes to key assumption to reduce headroom to nil • Long-term profit growth rate • decreases by 13 basis points • Long-term asset growth rate • increases by 12 basis points • Discount rate • increases by 16 basis points • Loan impairment charge as a percentage of customer advances • increases by 2 basis points • Risk-weighted assets as a percentage of total assets • increases by 77 basis points • Cost-income ratio • increases by 50 basis points • Long-term effective tax rate • increases by 123 basis points • Regulatory capital requirements – capital adequacy ratio • increases by 14 basis points • Regulatory capital requirements – tier 1 capital adequacy ratio • increases by 75 basis points The following table further illustrates the impact on VIU of reasonably possible changes to key assumptions. This reflects the sensitivity of the VIU to each key assumption on its own and it is possible that more than one favourable and/or unfavourable change will occur at the same time. The selected rates of reasonably possible changes to key assumptions are largely based on external analysts’ forecasts, which can change from period to period. Sensitivity of VIU to reasonably possible changes in key assumptions Favourable change Unfavourable change Increase VIU Decrease VIU bps $bn $bn bps $bn $bn At 31 Dec 2018 Long-term profit growth rate 100 2.6 20.6 (10 ) (0.2 ) 17.8 Long-term asset growth rate (10 ) 0.3 18.3 100 (2.8 ) 15.3 Discount rate (142 ) 3.2 21.3 28 (0.5 ) 17.5 Loan impairment charge as a percentage of customer advances 2018-22: 0.70% 0.9 18.9 2018-22: 0.83% (1.0 ) 17.0 Risk-weighted assets as a percentage of total assets (140 ) 0.5 18.6 80 (0.3 ) 17.8 Cost-income ratio (160 ) 1.1 19.2 200 (1.4 ) 16.7 Long term effective tax rate (280 ) 0.7 18.7 250 (0.6 ) 17.5 Earnings in short to medium term – compound annual growth rate 1 204 1.6 19.6 (366 ) (2.5 ) 15.5 Regulatory capital requirements – capital adequacy ratio — — 18.0 258 (5.0 ) 13.0 Regulatory capital requirements - tier 1 capital adequacy ratio — — 18.0 243 (3.2 ) 14.8 At 31 Dec 2017 Long-term profit growth rate 200 6.6 24.9 — — 18.3 Long-term asset growth rate (20 ) 0.5 18.9 200 (7.1 ) 11.2 Discount rate (35 ) 0.7 19.1 65 (1.2 ) 17.1 Loan impairment charge as a percentage of customer advances 2017-20: 0.71% 0.1 18.5 2017-20: 0.90% (1.3 ) 17.0 Risk-weighted assets as a percentage of total assets (60 ) 0.2 18.6 30 (0.1 ) 18.2 Cost-income ratio (173 ) 1.5 19.8 — — 18.3 Long-term effective tax rate (120 ) 0.3 18.6 250 (0.67 ) 17.7 Earnings in short to medium term – compound annual growth rate 1 288 2.8 21.1 (311 ) (3.6 ) 14.7 Regulatory capital requirements – capital adequacy ratio — — 18.3 248 (5.6 ) 12.7 Regulatory capital requirements – tier 1 capital adequacy ratio — — 18.3 234 (3.5 ) 14.8 1 Based on management’s explicit forecasts over the short to medium term. Considering the interrelationship of the changes set out in the table above, management estimates that the reasonably possible range of VIU is $15.5b n to $19.6 bn (2017: $14.7b n to $21.1b n). In 2018, the range is based on the favourable/unfavourable change in the earnings in the short to medium-term and long-term LICs set out in the table above. All other long-term assumptions, the discount rate and the basis of the CMC have been kept unchanged when determining the reasonably possible range of the VIU. Selected financial information of BoCom The statutory accounting reference date of BoCom is 31 December. For the year ended 31 December 2018, HSBC included the associate’s results on the basis of the financial statements for the 12 months ended 30 September 2018, taking into account changes in the subsequent period from 1 October 2018 to 31 December 2018 that would have materially affected the results. Selected balance sheet information of BoCom At 30 Sep 2018 2017 Footnotes $m $m Cash and balances at central banks 125,414 146,029 Loans and advances to banks and other financial institutions 102,980 120,403 Loans and advances to customers 686,951 662,706 Other financial assets 408,136 386,067 Other assets 42,106 58,202 Total assets 1,365,587 1,373,407 Deposits by banks and other financial institutions 304,395 366,993 Customer accounts 829,539 747,882 Other financial liabilities 94,900 123,751 Other liabilities 36,332 32,568 Total liabilities 1,265,166 1,271,194 Total equity 1 100,421 102,213 1 Due to the adoption of IFRS9, the opening equity of BoCom at 1 January 2018 was reduced by $4,053m . Reconciliation of BoCom’s total shareholders’ equity to the carrying amount in HSBC’s consolidated financial statements At 30 Sep 2018 2017 $m $m HSBC’s share of total shareholders’ equity 17,275 17,551 Goodwill and other intangible assets 479 506 Carrying amount 17,754 18,057 Selected income statement information of BoCom For the 12 months ended 30 Sep 2018 2017 $m $m Net interest income 19,295 19,080 Net fee and commission income 6,245 5,698 Change in expected credit losses/loan impairment charges (5,602 ) (4,286 ) Depreciation and amortisation (767 ) (1,342 ) Tax expense (1,554 ) (2,234 ) Profit for the year 11,116 10,288 Other comprehensive income 190 (624 ) Total comprehensive income 11,306 9,664 Dividends received from BoCom 611 565 Summarised aggregate financial information for all associates excluding BoCom 2018 2017 $m $m Carrying amount 4,482 4,520 HSBC’s share of: – total assets 20,470 20,625 – total liabilities 15,675 16,119 – revenues 959 1,051 – profit or loss from continuing operations 487 487 Joint ventures At 31 December 2018, the carrying amount of HSBC’s interests in joint ventures was $163m (2017: $167m ). Associates and joint ventures For the year ended 31 December 2018, HSBC’s share of associates’ and joint ventures’ tax on profit was $306m (2017: $440m ). This is included within ‘Share of profit in associates and joint ventures’ in the ‘Consolidated income statement’. Movements in interests in associates and joint ventures 2018 2017 Footnotes $m $m As at 31 Dec 2017 22,744 20,029 Impact on transition to IFRS 9 (942 ) N/A At 1 Jan 21,802 20,029 Additions 81 60 Disposals (85 ) (67 ) Share of results 2,536 2,375 Dividends (910 ) (740 ) Exchange differences (1,018 ) 1,144 Share of other comprehensive income of associates and joint ventures (64 ) (43 ) Other movements 65 (14 ) At 31 Dec 1 22,407 22,744 1 Includes goodwill of $511m (2017: $521m ). 20 Structured entities HSBC is mainly involved with both consolidated and unconsolidated structured entities through the securitisation of financial assets, conduits and investment funds, established either by HSBC or a third party. Consolidated structured entities Total assets of HSBC’s consolidated structured entities, split by entity type Conduits Securitisations HSBC Other Total $bn $bn $bn $bn $bn At 31 Dec 2018 9.2 5.7 6.5 4.4 25.8 At 31 Dec 2017 12.9 4.8 7.0 3.2 27.9 Conduits HSBC has established and manages two types of conduits: securities investment conduits (‘SICs’) and multi-seller conduits. Securities investment conduits The SICs purchase highly rated ABSs to facilitate tailored investment opportunities. • At 31 December 2018 , Solitaire, HSBC’s principal SIC, held $2.3b n of ABSs ( 2017 : $3.2b n). These are included within the disclosures of ABSs on page 161 . It is currently funded entirely by commercial paper (‘CP’) issued to HSBC. Although HSBC continues to provide a liquidity facility, Solitaire has no need to draw on it as long as HSBC purchases its issued CP, which HSBC intends to do for the foreseeable future. At 31 December 2018 , HSBC held $3.4b n of CP ( 2017 : $4.6b n). • Mazarin is funded by medium-term notes, and is no longer funded by repurchase agreements. HSBC’s primary exposure to Mazarin is represented by the amortised cost of the debt required to support the non-cash assets of the vehicles. At 31 December 2018 , this amounted to $0.5b n ( 2017 : $0.9b n). The first loss protection is provided through the capital notes issued by the vehicle, which are held substantially by third parties. • Barion and Malachite’s clean-up redemption conditions were triggered in March 2018 and August 2018 respectively, resulting in the full redemption of these vehicles. Multi-seller conduit HSBC’s multi-seller conduit was established to provide access to flexible market-based sources of finance for its clients. Currently, HSBC bears risk equal to the transaction-specific facility offered to the multi-seller conduit, amounting to $16.1b n at 31 December 2018 ( 2017 : $15.7b n). First loss protection is provided by the originator of the assets, and not by HSBC, through transaction-specific credit enhancements. A layer of secondary loss protection is provided by HSBC in the form of programme-wide enhancement facilities. Securitisations HSBC uses structured entities to securitise customer loans and advances it originates in order to diversify its sources of funding for asset origination and capital efficiency purposes. The loans and advances are transferred by HSBC to the structured entities for cash or synthetically through credit default swaps, and the structured entities issue debt securities to investors. HSBC managed funds HSBC has established a number of money market and non-money market funds. Where it is deemed to be acting as principal rather than agent in its role as investment manager, HSBC controls these funds. Other HSBC has entered into a number of transactions in the normal course of business, which include asset and structured finance transactions where it has control of the structured entity. In addition, HSBC is deemed to control a number of third-party managed funds through its involvement as a principal in the funds. Unconsolidated structured entities The term ‘unconsolidated structured entities’ refers to all structured entities not controlled by HSBC. The Group enters into transactions with unconsolidated structured entities in the normal course of business to facilitate customer transactions and for specific investment opportunities. Nature and risks associated with HSBC interests in unconsolidated structured entities Securitisations HSBC managed funds Non-HSBC managed funds Other Total Total asset values of the entities ($m) 0–500 76 243 906 79 1,304 500–2,000 10 56 570 5 641 2,000–5,000 1 17 230 — 248 5,000–25,000 — 5 90 1 96 25,000+ — 2 10 — 12 Number of entities at 31 Dec 2018 87 323 1,806 85 2,301 $bn $bn $bn $bn $bn Total assets in relation to HSBC’s interests in the unconsolidated structured entities 3.8 8.3 8.9 4.7 25.7 – trading assets — 0.1 0.3 1.3 1.7 – financial assets designated and otherwise mandatorily measured at fair value — 7.3 7.9 — 15.2 – loans and advances to customers 3.8 — 0.3 2.7 6.8 – financial investments — 0.9 0.4 0.3 1.6 – other assets — — — 0.4 0.4 Total liabilities in relation to HSBC’s interests in the unconsolidated structured entities — — — 0.2 0.2 – other liabilities — — — 0.2 0.2 Other off-balance sheet commitments 0.8 0.1 3.3 1.0 5.2 HSBC’s maximum exposure at 31 Dec 2018 4.6 8.4 12.2 5.5 30.7 Total asset values of the entities ($m) 0–500 78 321 930 210 1,539 500–2,000 6 56 578 3 643 2,000–5,000 — 17 235 — 252 5,000–25,000 2 10 104 1 117 25,000+ — 2 11 — 13 Number of entities at 31 Dec 2017 86 406 1,858 214 2,564 $bn $bn $bn $bn $bn Total assets in relation to HSBC’s interests in the unconsolidated structured entities 4.0 9.1 9.3 4.1 26.5 – trading assets — 0.2 0.2 2.4 2.8 – financial assets designated at fair value — 8.0 8.3 — 16.3 – loans and advances to banks — — — 0.1 0.1 – loans and advances to customers 4.0 — — 1.1 5.1 – financial investments — 0.9 0.8 0.1 1.8 – other assets — — — 0.4 0.4 Total liabilities in relation to HSBC’s interests in the unconsolidated structured entities — — — 0.3 0.3 – other liabilities — — — 0.3 0.3 Other off-balance sheet commitments — 0.1 2.2 0.3 2.6 HSBC’s maximum exposure at 31 Dec 2017 4.0 9.2 11.5 4.4 29.1 The maximum exposure to loss from HSBC’s interests in unconsolidated structured entities represents the maximum loss it could incur as a result of its involvement with these entities regardless of the probability of the loss being incurred. • For commitments, guarantees and written credit default swaps, the maximum exposure to loss is the notional amount of potential future losses. • For retained and purchased investments in and loans to unconsolidated structured entities, the maximum exposure to loss is the carrying value of these interests at the balance sheet reporting date. The maximum exposure to loss is stated gross of the effects of hedging and collateral arrangements that HSBC has entered into in order to mitigate the Group's exposure to loss. Securitisations HSBC has interests in unconsolidated securitisation vehicles through holding notes issued by these entities. In addition, HSBC has investments in ABSs issued by third-party structured entities, as set out on page 160 . HSBC managed funds HSBC establishes and manages money market funds and non-money market investment funds to provide customers with investment opportunities. Further information on funds under management is provided on page 87 . HSBC, as fund manager, may be entitled to receive management and performance fees based on the assets under management. HSBC may also retain units in these funds. Non-HSBC managed funds HSBC purchases and holds units of third-party managed funds in order to facilitate business and meet customer needs. Other HSBC has established structured entities in the normal course of business, such as structured credit transactions for customers, to provide finance to public and private sector infrastructure projects, and for asset and structured finance transactions. In addition to the interests disclosed above, HSBC enters into derivative contracts, reverse repos and stock borrowing transactions with structured entities. These interests arise in the normal course of business for the facilitation of third-party transactions and risk management solutions. HSBC sponsored structured entities The amount of assets transferred to and income received from such sponsored structured entities during 2018 and 2017 were not significant. 39 HSBC Holdings’ subsidiaries, joint ventures and associates In accordance with section 409 of the Companies Act 2006 a list of HSBC Holdings plc subsidiaries, joint ventures and associates, the registered office address and the effective percentage of equity owned at 31 December 2018 are disclosed below. Unless otherwise stated, the share capital comprises ordinary or common shares that are held by Group subsidiaries. The ownership percentage is provided for each undertaking. The undertakings below are consolidated by HSBC unless otherwise indicated. Subsidiaries Subsidiaries % of share class held by immediate parent company (or by the Group where this varies) Footnotes ACN 087 652 113 Pty Limited (in liquidation) 100.00 16 Almacenadora Banpacifico S.A. (in liquidation) 99.99 18 Assetfinance December (F) Limited 100.00 19 Assetfinance December (H) Limited 100.00 19 Assetfinance December (M) Limited 100.00 19 Assetfinance December (P) Limited 100.00 19 Assetfinance December (R) Limited 100.00 19 Assetfinance June (A) Limited 100.00 19 Assetfinance June (D) Limited 100.00 19 Assetfinance Limited 100.00 19 Assetfinance March (B) Limited 100.00 20 Assetfinance March (D) Limited 100.00 19 Assetfinance March (F) Limited 100.00 19 Assetfinance September (F) Limited 100.00 19 Assetfinance September (G) Limited 100.00 19 B&Q Financial Services Limited 100.00 21 Banco Nominees (Guernsey) Limited 100.00 22 Banco Nominees 2 (Guernsey) Limited 100.00 22 Banco Nominees Limited 100.00 23 Bank of Bermuda (Cayman) Limited 100.00 24 Beau Soleil Limited Partnership n/a 7, 25 Beijing Miyun HSBC Rural Bank Company Limited 100.00 12, 26 Billingsgate Nominees Limited 100.00 19 Canada Crescent Nominees (UK) Limited 100.00 19 Canada Square Nominees (UK) Limited 100.00 19 Canada Water Nominees (UK) Limited (in liquidation) 100.00 19 Capco/Cove, Inc. 100.00 27 Card-Flo #1, Inc. 100.00 28 Card-Flo #3, Inc. 100.00 29 CC&H Holdings LLC n/a 7, 30 CCF & Partners Asset Management Limited 99.99 19 CCF Charterhouse GmbH & Co Asset Leasing KG (in liquidation) n/a 7, 31 CCF Charterhouse GmbH (in liquidation) 100.00 (99.99) 4, 31 CCF Holding (LIBAN) S.A.L. (in liquidation) 74.99 1, 32 Charterhouse Administrators (D.T.) Limited 100.00 (99.99) 19 Charterhouse Development Limited (in liquidation) 100.00 36 Charterhouse Management Services Limited 100.00 (99.99) 19 Charterhouse Pensions Limited 100.00 19 Chongqing Dazu HSBC Rural Bank Company Limited 100.00 12, 33 Chongqing Fengdu HSBC Rural Bank Company Limited 100.00 12, 34 Chongqing Rongchang HSBC Rural Bank Company Limited 100.00 12, 35 CL Residential Limited (in liquidation) 100.00 36 COIF Nominees Limited n/a 7, 19 Cordico Management AG 100.00 37 Corhold Limited 100.00 38 Corsair IV Financial Services Capital Partners n/a 7, 49 Dalian Pulandian HSBC Rural Bank Company Limited 100.00 12, 39 Decision One Mortgage Company, LLC n/a 7, 40 Dem 5 100.00 (99.99) 4, 41 Dem 9 100.00 (99.99) 4, 41 Dempar 1 100.00 (99.99) 4, 42 Dempar 4 100.00 (99.99) 4, 42 Desarrollo Turistico, S.A. de C.V. (in liquidation) 99.99 18 Elysees GmbH (in liquidation) 100.00 (99.99) 11, 31 Elysées Immo Invest 100.00 (99.99) 4, 43 Equator Holdings Limited (in liquidation) 100.00 19 Subsidiaries % of share class held by immediate parent company (or by the Group where this varies) Footnotes Eton Corporate Services Limited 100.00 22 Far East Leasing SA (in liquidation) 100.00 44 Fdm 5 SAS 100.00 (99.99) 4, 41 FEPC Leasing Ltd. (in liquidation) 100.00 3, 45 Finanpar 2 100.00 (99.99) 4, 43 Finanpar 7 100.00 (99.99) 4, 43 Flandres Contentieux S.A. 100.00 (99.99) 1, 4, 46 Foncière Elysées 100.00 (99.99) 4, 42 Forward Trust Rail Services Limited (in liquidation) 100.00 19 Fujian Yongan HSBC Rural Bank Company Limited 100.00 12, 47 Fulcher Enterprises Company Limited 100.00 (62.14) 48 Fundacion HSBC, A.C. 99.99 1, 11, 18 Giller Ltd. 100.00 27 Global Payments Technology Mexico S.A. De C.V. 100.00 (99.99) 18 GPIF Co-Investment, LLC n/a 7, 29 Griffin International Limited 100.00 19 Grundstuecksgesellschaft Trinkausstrasse Kommanditgesellschaft n/a 7, 50 Grupo Financiero HSBC, S. A. de C. V. 99.99 18 Guangdong Enping HSBC Rural Bank Company Limited 100.00 12, 51 Hang Seng (Nominee) Limited 100.00 (62.14) 48 Hang Seng Bank (China) Limited 100.00 (62.14) 12, 54 Hang Seng Bank (Trustee) Limited 100.00 (62.14) 48 Hang Seng Bank Limited 62.14 48 Hang Seng Bullion Company Limited 100.00 (62.14) 48 Hang Seng Credit Limited 100.00 (62.14) 48 Hang Seng Data Services Limited 100.00 (62.14) 48 Hang Seng Finance Limited 100.00 (62.14) 48 Hang Seng Financial Information Limited 100.00 (62.14) 48 Hang Seng Futures Limited (in liquidation) 100.00 (62.14) 48 Hang Seng Indexes Company Limited 100.00 (62.14) 48 Hang Seng Insurance Company Limited 100.00 (62.14) 48 Hang Seng Investment Management Limited 100.00 (62.14) 48 Hang Seng Investment Services Limited 100.00 (62.14) 48 Hang Seng Life Limited 100.00 (62.14) 48 Hang Seng Real Estate Management Limited 100.00 (62.14) 48 Hang Seng Securities Limited 100.00 (62.14) 48 Hang Seng Security Management Limited 100.00 (62.14) 48 Hang Seng Qianhai Fund Management Company Limited 70.00 (43.49) 12, 189 Haseba Investment Company Limited 100.00 (62.14) 48 HFC Bank Limited (in liquidation) 100.00 36 Hg Janus A Co-Invest L.P. n/a 7, 210 High Time Investments Limited 100.00 (62.14) 48 HITG Administration GmbH 100.00 55 Honey Green Enterprises Ltd. 100.00 56 Hongkong International Trade Finance (Holdings) Limited (in liquidation) 100.00 19 Household Capital Markets LLC n/a 7, 29 Household Finance Corporation III 100.00 29 Household International Europe Limited (in liquidation) 100.00 3, 36 Household Pooling Corporation 100.00 58 HRMG Nominees Limited 100.00 22 HSBC (BGF) Investments Limited 100.00 19 HSBC (General Partner) Limited 100.00 2, 60 HSBC (Guernsey) GP PCC Limited 100.00 22 HSBC (Kuala Lumpur) Nominees Sdn Bhd 100.00 61 HSBC (Malaysia) Trustee Berhad 100.00 62 HSBC (Singapore) Nominees Pte Ltd 100.00 63 Subsidiaries % of share class held by immediate parent company (or by the Group where this varies) Footnotes HSBC Administradora de Inversiones S.A. 100.00 (99.65) 64 HSBC Agency (India) Private Limited 100.00 65 HSBC Alpha Funding (UK) Holdings LP (in liquidation) n/a 7, 66 HSBC Alternative Investments Limited 100.00 19 HSBC Amanah Malaysia Berhad 100.00 61 HSBC Amanah Takaful (Malaysia) Berhad 49.00 9, 61 HSBC Americas Corporation (Delaware) 100.00 29 HSBC Argentina Holdings S.A. 100.00 67 HSBC Asia Holdings (UK) Limited 100.00 19 HSBC Asia Holdings B.V. 100.00 3, 19 HSBC Asia Holdings Limited 100.00 2, 68 HSBC Asia Pacific Holdings (UK) Limited 100.00 5, 19 HSBC Asset Finance (UK) Limited 100.00 19 HSBC Asset Finance Holdings Limited (in liquidation) 100.00 19 HSBC Asset Finance M.O.G. Holdings (UK) Limited 100.00 19 HSBC Asset Management (India) Private Limited 100.00 (99.99) 3, 69 HSBC Assurances Vie (France) 100.00 (99.99) 4, 46 HSBC Australia Holdings Pty Limited 100.00 3, 5, 16 HSBC Bank (Chile) 100.00 70 HSBC Bank (China) Company Limited 100.00 12, 71 HSBC Bank (General Partner) Limited 100.00 60 HSBC Bank (Mauritius) Limited 100.00 72 HSBC Bank (RR) (Limited Liability Company) 100.00 13, 73 HSBC Bank (Singapore) Limited 100.00 63 HSBC Bank (Taiwan) Limited 100.00 74 HSBC Bank (Uruguay) S.A. 100.00 75 HSBC Bank (Vietnam) Ltd. 100.00 76 HSBC Bank A.S. 100.00 77 HSBC Bank Argentina S.A. 100.00 (99.99) 67 HSBC Bank Armenia cjsc 70.00 78 HSBC Bank Australia Limited 100.00 16 HSBC Bank Bermuda Limited 100.00 23 HSBC Bank Canada 100.00 3, 79 HSBC Bank Capital Funding (Sterling 1) LP n/a 7, 60 HSBC Bank Capital Funding (Sterling 2) LP n/a 7, 60 HSBC Bank Egypt S.A.E 94.54 80 HSBC Bank Malaysia Berhad 100.00 61 HSBC Bank Malta p.l.c. 70.03 81 HSBC Bank Middle East Limited 100.00 5, 82 HSBC Bank Middle East Limited, Representative Office Morocco SARL 100.00 83 HSBC Bank Nominee (Jersey) Limited 100.00 85 HSBC Bank Oman S.A.O.G. 51.00 86 HSBC Bank Pension Trust (UK) Limited 100.00 19 HSBC Bank plc 100.00 3, 19 HSBC Bank Polska S.A. 100.00 3, 87 HSBC Bank USA, National Association 100.00 3, 88 HSBC Branch Nominee (UK) Limited 100.00 19 HSBC Brasil Holding S.A. 100.00 89 HSBC Brasil S.A. Banco De Investimento 100.00 89 HSBC Broking Forex (Asia) Limited 100.00 68 HSBC Broking Futures (Asia) Limited 100.00 68 HSBC Broking Futures (Hong Kong) Limited 100.00 68 HSBC Broking Securities (Asia) Limited 100.00 68 HSBC Broking Securities (Hong Kong) Limited 100.00 68 HSBC Broking Services (Asia) Limited 100.00 68 HSBC Canadian Covered Bond (Legislative) GP Inc 100.00 90 HSBC Canadian Covered Bond (Legislative) Guarantor Limited Partnership n/a 7, 90 HSBC Capital (USA), Inc. 100.00 29 HSBC Capital Funding (Dollar 1) L.P. n/a 7, 60 HSBC Capital Limited 100.00 68 HSBC Card Services Inc. 100.00 29 Subsidiaries % of share class held by immediate parent company (or by the Group where this varies) Footnotes HSBC Casa de Bolsa, S.A. de C.V., Grupo Financiero HSBC 99.99 18 HSBC Cayman Services Limited 100.00 92 HSBC City Funding Holdings 100.00 19 HSBC Client Holdings Nominee (UK) Limited 100.00 19 HSBC Client Share Offer Nominee (UK) Limited 100.00 19 HSBC Columbia Funding, LLC n/a 7, 29 HSBC Corporate Advisory (Malaysia) Sdn Bhd 100.00 61 HSBC Corporate Finance (Hong Kong) Limited 100.00 68 HSBC Corporate Trustee Company (UK) Limited 100.00 19 HSBC Custody Nominees (Australia) Limited 100.00 16 HSBC Custody Services (Guernsey) Limited 100.00 22 HSBC Daisy Investments (Mauritius) Limited 100.00 94 HSBC Diversified Loan Fund General Partner Sarl n/a 7, 95 HSBC Electronic Data Processing (Guangdong) Limited 100.00 12, 96 HSBC Electronic Data Processing (Malaysia) Sdn Bhd 100.00 97 HSBC Electronic Data Processing (Philippines), Inc. 99.99 98 HSBC Electronic Data Processing India Private Limited 100.00 99 HSBC Electronic Data Processing Lanka (Private) Limited 100.00 100 HSBC Electronic Data Service Delivery (Egypt) S.A.E. 100.00 101 HSBC Enterprise Investment Company (UK) Limited 100.00 19 HSBC Epargne Entreprise (France) 100.00 (99.99) 4, 46 HSBC Equator (UK) Limited (in liquidation) 100.00 19 HSBC Equipment Finance (UK) Limited 100.00 19 HSBC Equity (UK) Limited 100.00 19 HSBC Europe B.V. 100.00 19 HSBC Executor & Trustee Company (UK) Limited 100.00 19 HSBC Factoring (France) 100.00 (99.99) 4, 42 HSBC Finance (Brunei) Berhad 100.00 102 HSBC Finance (Netherlands) 100.00 2, 19 HSBC Finance Corporation 100.00 29 HSBC Finance Limited 100.00 19 HSBC Finance Mortgages Inc. 100.00 103 HSBC Finance Transformation (UK) Limited 100.00 2, 19 HSBC Financial Services (Lebanon) s.a.l. 99.60 104 HSBC Financial Services (Middle East) Limited (in liquidation) 100.00 105 HSBC Financial Services (Uruguay) S.A. (in liquidation) 100.00 106 HSBC France 99.99 4, 42 HSBC Fund Services (Korea) Limited 92.95 108 HSBC Funding (UK) Holdings (active proposal to strike off) 100.00 19 HSBC Germany Holdings GmbH 100.00 50 HSBC Global Asset Management (Bermuda) Limited 100.00 3, 23 HSBC Global Asset Management (Canada) Limited 100.00 79 HSBC Global Asset Management (Deutschland) GmbH 100.00 (80.67) 50 HSBC Global Asset Management (France) 100.00 (99.99) 4, 110 HSBC Global Asset Management (Hong Kong) Limited 100.00 25 HSBC Global Asset Management (International) Limited (in |
Goodwill and intangible assets
Goodwill and intangible assets | 12 Months Ended |
Dec. 31, 2018 | |
Intangible Assets [Abstract] | |
Goodwill and intangible assets | 21 Goodwill and intangible assets 2018 2017 Footnotes $m $m Goodwill 12,986 13,588 Present value of in-force long-term insurance business 7,149 6,610 Other intangible assets 1 4,222 3,255 At 31 Dec 2 24,357 23,453 1 Included within other intangible assets is internally generated software with a net carrying value of $ 3,632m (2017: $ 2,641m ). During the year, capitalisation of internally generated software was $ 1,781m (2017: $ 1,157 m) and amortisation was $ 687m (2017: $ 570 m). 2 Information regarding the effects of adoption of IFRS 9 can be found in Note 37. Movement analysis of goodwill 2018 2017 $m $m Gross amount At 1 Jan 22,902 21,445 Exchange differences (617 ) 1,490 Other (105 ) (33 ) At 31 Dec 22,180 22,902 Accumulated impairment losses At 1 Jan (9,314 ) (9,115 ) Exchange differences 120 (327 ) Other — 128 At 31 Dec (9,194 ) (9,314 ) Net carrying amount at 31 Dec 12,986 13,588 Impairment testing The Group’s impairment test in respect of goodwill allocated to each cash-generating unit (‘CGU’) is performed as at 1 July each year. A review for indicators of impairment is undertaken at each subsequent quarter-end and as at 31 December 2018. No indicators of impairment were identified as part of these reviews. Basis of the recoverable amount The recoverable amount of all CGUs to which goodwill has been allocated was equal to its value in use (‘VIU’) at each respective testing date for 2017 and 2018. For each CGU, the VIU is calculated by discounting management’s cash flow projections for the CGU. The key assumptions used in the VIU calculation for each significant CGU are discussed below. Key assumptions in VIU calculation Goodwill at Discount Nominal growth rate beyond initial cash flow projections Goodwill at Discount rate Nominal growth rate beyond initial cash flow projections $m % % $m % % Cash-generating unit Europe RBWM 3,565 8.1 3.8 3,508 8.9 3.7 CMB 2,626 9.4 3.7 2,570 9.9 3.6 Global GB&M 4,045 9.8 5.6 4,000 10.6 5.8 At 1 July 2018, aggregate goodwill of $3,061m (1 July 2017: $3,059m ) had been allocated to CGUs that were not considered individually significant. The Group’s CGUs do not carry on their balance sheets any significant intangible assets with indefinite useful lives, other than goodwill. Management’s judgement in estimating the cash flows of a CGU The cash flow projections for each CGU are based on plans approved by the GMB. For the goodwill impairment test conducted at 1 July 2018, management’s cash flow projections until the end of 2022 were used. Discount rate The rate used to discount the cash flows is based on the cost of capital assigned to each CGU, which is derived using a capital asset pricing model (‘CAPM’). CAPM depends on a number of inputs reflecting financial and economic variables, including the risk-free rate and a premium to reflect the inherent risk of the business being evaluated. These variables are based on the market’s assessment of the economic variables and management’s judgement. The discount rates for each CGU are refined to reflect the rates of inflation for the countries within which the CGU operate. In addition, for the purposes of testing goodwill for impairment, management supplements this process by comparing the discount rates derived using the internally generated CAPM, with the cost of capital rates produced by external sources for businesses operating in similar markets. Nominal long-term growth rate The long-term growth rate is used to extrapolate the cash flows in perpetuity because of the long-term perspective within the Group of business units making up the CGUs. These growth rates reflect GDP and inflation for the countries within which the CGU operates or from which it derives revenue. Sensitivities of key assumptions in calculating VIU At 1 July 2018, none of the CGUs were sensitive to reasonably possible adverse changes in key assumptions supporting the recoverable amount. In making an estimate of reasonably possible changes to assumptions, management considers the available evidence in respect of each input to the model, such as the external range of discount rates observable, historical performance against forecast and risks attaching to the key assumptions underlying cash flow projections. Present value of in-force long-term insurance business When calculating the present value of in-force long-term (‘PVIF’) insurance business, expected cash flows are projected after adjusting for a variety of assumptions made by each insurance operation to reflect local market conditions and management’s judgement of future trends, and uncertainty in the underlying assumptions is reflected by applying margins (as opposed to a cost of capital methodology). Variations in actual experience and changes to assumptions can contribute to volatility in the results of the insurance business. Actuarial Control Committees of each key insurance entity meet on a quarterly basis to review and approve PVIF assumptions. All changes to non-economic assumptions, economic assumptions that are not observable and model methodologies must be approved by the Actuarial Control Committee. Movements in PVIF 2018 2017 Footnotes $m $m As at 31 Dec 2017 6,610 6,502 Impact on transition to IFRS 9 (78 ) N/A At 1 Jan 6,532 6,502 Change in PVIF of long-term insurance business 673 24 – value of new business written during the year 1,117 919 – expected return 1 (719 ) (599 ) – assumption changes and experience variances (see below) 292 (280 ) – other adjustments (17 ) (16 ) Exchange differences and other movements (56 ) 84 At 31 Dec 7,149 6,610 1 ‘Expected return’ represents the unwinding of the discount rate and reversal of expected cash flows for the period. Assumption changes and experience variances Included within this line item are: • $(56)m (2017: $(98)m ), directly offsetting regulatory-driven changes to the valuation of liabilities under insurance contracts. • $455m (2017: $(141)m ), reflecting the future expected sharing of returns with policyholders on contracts with discretionary participation features (‘DPF’), to the extent this sharing is not already included in liabilities under insurance contracts. • $(107)m (2017: $(41)m ), driven by other assumptions changes and experience variances. Key assumptions used in the computation of PVIF for main life insurance operations Economic assumptions are set in a way that is consistent with observable market values. The valuation of PVIF is sensitive to observed market movements and the impact of such changes is included in the sensitivities presented below. 2018 2017 Hong Kong France 1 Hong Kong France 1 % % % % Weighted average risk-free rate 2.29 1.52 2.02 1.50 Weighted average risk discount rate 5.90 2.35 6.20 2.20 Expense inflation 3.00 1.70 3.00 1.48 1 For 2018, the calculation of France’s PVIF assumes a risk discount rate of 2.35% (2017: 2.20% ) plus a risk margin of $109m (2017: $80m ). Sensitivity to changes in economic assumptions The Group sets the risk discount rate applied to the PVIF calculation by starting from a risk-free rate curve and adding explicit allowances for risks not reflected in the best-estimate cash flow modelling. Where the insurance operations provide options and guarantees to policyholders the cost of these options and guarantees is an explicit reduction to PVIF, unless it is already allowed for as an explicit addition to the technical provisions required by regulators. See page 190 for further details of these guarantees and the impact of changes in economic assumptions on our insurance manufacturing subsidiaries. Sensitivity to changes in non-economic assumptions Policyholder liabilities and PVIF are determined by reference to non-economic assumptions, including mortality and/or morbidity, lapse rates and expense rates. See page 191 for further details on the impact of changes in non-economic assumptions on our insurance manufacturing operations. |
Prepayments, accrued income and
Prepayments, accrued income and other assets | 12 Months Ended |
Dec. 31, 2018 | |
Subclassifications of assets, liabilities and equities [abstract] | |
Prepayments, accrued income and other assets | 22 Prepayments, accrued income and other assets 2018 2017 Footnotes $m $m Prepayments and accrued income 8,715 7,929 Settlement accounts 1, 2 13,957 N/A Cash collateral and margin receivables 1, 2 33,202 N/A Assets held for sale 735 781 Bullion 13,753 13,128 Endorsements and acceptances 9,623 9,750 Reinsurers’ share of liabilities under insurance contracts (Note 4) 2,506 2,471 Employee benefit assets (Note 6) 7,934 8,752 Property, plant and equipment 10,060 10,027 Other accounts 10,086 14,353 At 31 Dec 110,571 67,191 1 Settlement accounts, cash collateral and margin receivables were reclassified from ‘Trading assets’ to ‘Other assets’ on 1 January 2018 and comparative data was not restated. This reclassification was in accordance with IFRS 9. See Note 37 for further details. 2 Settlement accounts, cash collateral and margin receivables were reclassified from ‘Loans and advances to banks and customers’ to ‘Other assets’ on 1 January 2018. This reclassification is to better reflect the nature of these balances and ensure consistency of presentation. Comparative data was not restated as the reclassification is not significant in the context of other changes to the balance sheet resulting from the adoption of IFRS 9. See Note 37 for further details. Prepayments, accrued income and other assets include $74,151m (2017: $30,431m ) of financial assets, the majority of which are measured at amortised cost. |
Trading liabilities
Trading liabilities | 12 Months Ended |
Dec. 31, 2018 | |
Financial Instruments [Abstract] | |
Trading liabilities | 23 Trading liabilities 2018 2017 Footnotes $m $m Deposits by banks 1, 2 4,871 23,297 Customer accounts 1, 2, 3 8,614 52,595 Other debt securities in issue (Note 25) 4 1,400 40,734 Other liabilities – net short positions in securities 69,546 67,735 At 31 Dec 84,431 184,361 1 ‘Deposits by banks’ and ‘Customer accounts’ include repos, stock lending and other amounts. 2 Settlement accounts, cash collateral and margin payables included within ‘Deposits by banks’ and ‘Customer accounts’ were reclassified from ‘Trading liabilities’ to ‘Other liabilities’ on 1 January 2018. This reclassification is to better reflect the nature of these balances and ensure consistency of presentation. Structured liabilities have moved from ‘Trading liabilities’ to ‘Financial liabilities designated at fair value’. Comparative data was not restated as the reclassification is not significant in the context of other changes to the balance sheet resulting from the adoption of IFRS 9. See Note 37 for further details. 3 Structured deposits placed at HSBC Bank USA and HSBC Trust Company (Delaware) National Association are insured by the Federal Deposit Insurance Corporation, a US government agency, up to $250,000 per depositor. 4 ‘Other debt securities in issue’ comprises structured notes issued by HSBC for which market risks are actively managed as part of trading portfolios. |
Financial liabilties designated
Financial liabilties designated at fair value | 12 Months Ended |
Dec. 31, 2018 | |
Financial Instruments [Abstract] | |
Financial liabilities designated at fair value | 16 Financial investments Carrying amount of financial investments 2018 2017 Footnotes $m $m Financial investments measured at fair value through other comprehensive income 344,767 N/A – treasury and other eligible bills 96,642 N/A – debt securities 246,371 N/A – equity securities 1,657 N/A – other instruments 1 97 N/A Debt instruments measured at amortised cost 2 62,666 N/A – treasury and other eligible bills 679 N/A – debt securities 61,987 N/A Available-for-sale securities at fair value N/A 336,157 – treasury and other eligible bills N/A 78,851 – debt securities N/A 253,389 – equity securities N/A 3,917 Held to maturity securities at amortised cost N/A 52,919 – debt securities 2 N/A 52,919 At 31 Dec 3, 4 407,433 389,076 1 ‘Other instruments’ comprises of loans and advances. 2 Fair value $62.1 bn ( 2017 : $54.1 bn). 3 Categories of financial instruments are disclosed under IFRS 9 at 31 December 2018. These are not directly comparable with 31 December 2017, where the instruments were categorised in accordance with IAS 39. 4 Information regarding the effects of adoption of IFRS 9 can be found in Note 37. Equity instruments measured at fair value through other comprehensive income Fair value Dividends recognised Type of equity instruments $m $m Investments required by central institutions 848 34 Business facilitation 758 21 Others 51 9 At 31 Dec 2018 1,657 64 Financial investments at amortised cost and fair value 2018 2017 Amortised cost Fair value 1 Amortised cost Fair value 1 Footnotes $m $m $m $m US Treasury 54,941 54,763 41,427 41,274 US Government agencies 2 21,058 20,580 18,691 18,494 US Government-sponsored entities 2 12,867 12,701 10,998 11,033 UK Government 20,576 21,083 17,817 18,538 Hong Kong Government 49,956 49,955 52,269 52,252 Other governments 142,495 144,099 134,766 136,414 Asset-backed securities 3 3,579 3,390 6,187 5,781 Corporate debt and other securities 97,286 98,419 99,136 102,540 Equities 1,353 1,657 2,989 3,917 At 31 Dec 404,111 406,647 384,280 390,243 1 Included within ‘fair value’ figures are debt securities issued by banks and other financial institutions of $ 56 bn ( 2017 : $67 bn), of which $ 8 bn ( 2017 : $15 bn) are guaranteed by various governments. 2 Includes securities that are supported by an explicit guarantee issued by the US Government. 3 Excludes asset-backed securities included under US Government agencies and sponsored entities. Maturities of investments in debt securities at their carrying amount Up to 1 year 1 to 5 years 5 to 10 years Over 10 years Total $m $m $m $m $m Debt securities measured at fair value through other comprehensive income 61,598 124,075 36,194 24,504 246,371 Debt securities measured at amortised cost 2,519 10,086 16,065 33,317 61,987 At 31 Dec 2018 64,117 134,161 52,259 57,821 308,358 Available-for-sale 63,896 122,113 37,292 30,088 253,389 Held to maturity 3,731 9,406 13,482 26,300 52,919 At 31 Dec 2017 67,627 131,519 50,774 56,388 306,308 Contractual maturities and weighted average yields of investment debt securities Up to 1 year 1 to 5 years 5 to 10 years Over 10 years Amount Yield Amount Yield Amount Yield Amount Yield $m % $m % $m % $m % Debt securities measured at fair value through other comprehensive income US Treasury 947 1.6 33,220 2.1 14,396 2.3 2,376 3.1 US Government agencies — — 74 2.1 10 3.8 9,707 2.9 US Government-sponsored agencies 1,361 3.2 1,268 2.6 2,240 2.8 4,309 3.2 UK Government 856 0.9 5,988 1.1 5,472 0.6 859 4.4 Hong Kong Government 456 1.3 551 1.3 63 3.0 — — Other governments 45,390 1.5 48,549 2.8 8,701 2.3 1,489 2.6 Asset-backed securities 16 5.9 25 — 381 2.7 3,156 2.1 Corporate debt and other securities 12,312 1.8 32,893 2.0 4,563 2.3 2,574 3.1 Total amortised cost at 31 Dec 2018 61,338 122,568 35,826 24,470 Total carrying value 61,598 124,075 36,194 24,504 Debt instruments measured at amortised cost US Treasury 34 4.2 53 4.8 1 1.0 152 4.0 US Government agencies — — 18 3.9 26 3.6 11,025 2.6 US Government-sponsored agencies 50 2.2 389 2.7 163 2.6 3,087 3.0 Hong Kong Government 8 4.9 24 1.6 9 1.3 7 1.5 Other governments 329 1.8 470 2.6 451 2.9 744 4.1 Asset-backed securities — — — — — — 2 7.4 Corporate debt and other securities 2,098 3.2 9,132 3.4 15,415 3.4 18,300 3.6 Total amortised cost at 31 Dec 2018 2,519 10,086 16,065 33,317 Total carrying value 2,519 10,086 16,065 33,317 The maturity distributions of ABSs are presented in the above table on the basis of contractual maturity dates. The weighted average yield for each range of maturities is calculated by dividing the annualised interest income for the year ended 31 December 2018 by the book amount of debt securities at that date. The yields do not include the effect of related derivatives. 24 Financial liabilities designated at fair value HSBC 2018 2017 Footnotes $m $m Deposits by banks and customer accounts 1 19,003 145 Liabilities to customers under investment contracts 5,458 5,635 Debt securities in issue (Note 25) 1 109,351 64,359 Subordinated liabilities (Note 28) 14,282 23,831 Preferred securities (Note 28) 411 459 At 31 Dec 148,505 94,429 1 Structured liabilities have moved from ‘Trading liabilities’ to ‘Financial liabilities designated at fair value’. Comparatives have not been restated. See Note 37 for further detail. The carrying amount of financial liabilities designated at fair value was $11,496 m less than the contractual amount at maturity ( 2017 : $5,343 m more). The cumulative amount of change in fair value attributable to changes in credit risk was $209 m ( 2017 : loss of $4,107 m). HSBC Holdings 2018 2017 $m $m Debt securities in issue (Note 25) 17,767 17,496 Subordinated liabilities (Note 28) 7,282 13,394 At 31 Dec 25,049 30,890 The carrying amount of financial liabilities designated at fair value was $ 920m more than the contractual amount at maturity 3,370m more). The cumulative amount of change in fair value attributable to changes in credit risk was a loss of $ 812m (2017: loss of $2,209m ) . 29 Maturity analysis of assets, liabilities and off-balance sheet commitments The table on page 320 provides an analysis of consolidated total assets, liabilities and off-balance sheet commitments by residual contractual maturity at the balance sheet date. These balances are included in the maturity analysis as follows: • Trading assets and liabilities (including trading derivatives but excluding reverse repos, repos and debt securities in issue) are included in the ‘Due not more than 1 month’ time bucket, because trading balances are typically held for short periods of time. • Financial assets and liabilities with no contractual maturity (such as equity securities) are included in the ‘Due over 5 years’ time bucket. Undated or perpetual instruments are classified based on the contractual notice period, which the counterparty of the instrument is entitled to give. Where there is no contractual notice period, undated or perpetual contracts are included in the ‘Due over 5 years’ time bucket. • Non-financial assets and liabilities with no contractual maturity are included in the ‘Due over 5 years’ time bucket. • Financial instruments included within assets and liabilities of disposal groups held for sale are classified on the basis of the contractual maturity of the underlying instruments and not on the basis of the disposal transaction. • Liabilities under insurance contracts are included in the ‘Due over 5 years’ time bucket. Liabilities under investment contracts are classified in accordance with their contractual maturity. Undated investment contracts are included in the ‘Due over 5 years’ time bucket, however, such contracts are subject to surrender and transfer options by the policyholders. • Loan and other credit-related commitments are classified on the basis of the earliest date they can be drawn down. HSBC Maturity analysis of assets, liabilities and off-balance sheet commitments Due not Due over Due over Due over Due over Due over Due over Due over Total $m $m $m $m $m $m $m $m $m Financial assets Cash and balances at central banks 162,843 — — — — — — — 162,843 Items in the course of collection from other banks 5,787 — — — — — — — 5,787 Hong Kong Government certificates of indebtedness 35,859 — — — — — — — 35,859 Trading assets 235,443 264 707 744 104 197 671 — 238,130 Financial assets designated or otherwise mandatorily measured at fair value 7,743 49 371 145 334 918 2,415 29,136 41,111 Derivatives 206,925 15 57 79 18 69 328 334 207,825 Loans and advances to banks 40,114 10,421 3,486 2,004 3,282 7,158 4,508 1,194 72,167 Loans and advances to customers 178,613 72,072 58,680 38,394 37,333 101,267 219,841 275,496 981,696 – personal 41,967 8,736 8,237 7,581 7,240 24,942 63,061 229,626 391,390 – corporate and commercial 118,294 58,623 45,918 27,001 25,597 67,093 143,959 42,540 529,025 – financial 18,352 4,713 4,525 3,812 4,496 9,232 12,821 3,330 61,281 Reverse repurchase agreements 172,795 41,084 13,308 5,763 3,574 5,253 1,027 — 242,804 Financial investments 40,421 58,731 30,464 15,707 15,357 41,866 92,846 112,041 407,433 Accrued income and other financial assets 62,067 6,893 2,403 561 307 349 731 2,237 75,548 Financial assets at 31 Dec 2018 1,148,610 189,529 109,476 63,397 60,309 157,077 322,367 420,438 2,471,203 Non-financial assets — — — — — — — 86,921 86,921 Total assets at 31 Dec 2018 1,148,610 189,529 109,476 63,397 60,309 157,077 322,367 507,359 2,558,124 Off-balance sheet commitments received Loan and other credit-related commitments 73,464 — — — 1 3 98 656 74,222 Financial liabilities Hong Kong currency notes in circulation 35,859 — — — — — — — 35,859 Deposits by banks 42,406 3,457 1,043 784 542 5,558 1,655 886 56,331 Customer accounts 1 1,225,919 66,990 31,315 17,218 13,760 4,122 3,194 125 1,362,643 – personal 612,325 38,132 21,218 11,483 8,282 2,853 2,623 53 696,969 – corporate and commercial 457,661 22,922 8,029 4,599 4,317 1,092 509 29 499,158 – financial 155,933 5,936 2,068 1,136 1,161 177 62 43 166,516 Repurchase agreements 154,383 8,140 1,750 629 73 408 501 — 165,884 Items in the course of transmission to other banks 5,641 — — — — — — — 5,641 Trading liabilities 2 82,867 251 326 633 81 235 36 2 84,431 Financial liabilities designated at 2 3,813 4,476 6,878 3,076 3,481 12,545 53,615 60,621 148,505 – debt securities in issue: covered bonds — — 205 — — 1,190 2,721 1,137 5,253 – debt securities in issue: unsecured 981 1,562 2,659 2,290 2,353 9,143 47,443 37,633 104,064 – subordinated liabilities and preferred securities — — 2,125 — — — — 12,568 14,693 – other 2,832 2,914 1,889 786 1,128 2,212 3,451 9,283 24,495 Derivatives 203,962 62 135 191 144 560 159 622 205,835 Debt securities in issue 6,777 11,194 12,556 8,075 3,330 10,670 19,713 13,027 85,342 – covered bonds — — — — — — 748 — 748 – otherwise secured 2,166 1,100 30 — — 394 944 1,412 6,046 – unsecured 4,611 10,094 12,526 8,075 3,330 10,276 18,021 11,615 78,548 Accruals and other financial liabilities 69,958 8,986 3,296 659 1,269 885 1,027 1,300 87,380 Subordinated liabilities 6 89 3 — — 1,996 1,384 18,959 22,437 Total financial liabilities at 31 Dec 2018 1,831,591 103,645 57,302 31,265 22,680 36,979 81,284 95,542 2,260,288 Non-financial liabilities — — — — — — — 103,587 103,587 Total liabilities at 31 Dec 2018 1,831,591 103,645 57,302 31,265 22,680 36,979 81,284 199,129 2,363,875 Off-balance sheet commitments given Loan and other credit-related commitments 769,311 5,281 941 1,972 1,257 361 731 412 780,266 – personal 203,622 974 59 32 201 280 556 331 206,055 – corporate and commercial 441,199 2,694 799 1,895 974 34 150 73 447,818 – financial 124,490 1,613 83 45 82 47 25 8 126,393 Maturity analysis of assets, liabilities and off-balance sheet commitments (continued) Due not more than 1 month Due over 1 month but not more than 3 months Due over 3 months but not more than 6 months Due over 6 months but not more than 9 months Due over 9 months but not more than 1 year Due over 1 year but not more than 2 years Due over 2 years but not more than 5 years Due over 5 years Total $m $m $m $m $m $m $m $m $m Financial assets Cash and balances at central banks 180,624 — — — — — — — 180,624 Items in the course of collection from other banks 6,628 — — — — — — — 6,628 Hong Kong Government certificates of indebtedness 34,186 — — — — — — — 34,186 Trading assets 284,781 1,432 642 — 1,140 — — — 287,995 Financial assets designated at fair value 612 93 230 162 197 556 2,068 25,546 29,464 Derivatives 218,103 162 97 124 42 234 592 464 219,818 Loans and advances to banks 61,968 10,665 4,212 2,344 1,502 5,799 2,491 1,412 90,393 Loans and advances to customers 195,577 65,469 49,860 34,107 37,176 93,065 218,784 268,926 962,964 – personal 42,593 9,126 8,483 7,441 7,492 23,552 61,238 214,837 374,762 – corporate and commercial 124,669 50,532 36,046 22,932 26,577 61,785 144,451 49,762 516,754 – financial 28,315 5,811 5,331 3,734 3,107 7,728 13,095 4,327 71,448 Reverse repurchase agreements – non-trading 144,244 30,289 7,951 2,194 3,960 1,072 4,598 7,245 201,553 Financial investments 31,981 51,487 31,634 13,446 17,647 40,582 90,366 111,933 389,076 Accrued income and other financial assets 19,259 5,795 2,050 358 411 652 513 2,046 31,084 Financial assets at 31 Dec 2017 1,177,963 165,392 96,676 52,735 62,075 141,960 319,412 417,572 2,433,785 Non-financial assets — — — — — — — 87,986 87,986 Total assets at 31 Dec 2017 1,177,963 165,392 96,676 52,735 62,075 141,960 319,412 505,558 2,521,771 Off-balance sheet commitments received Loan and other credit-related commitments 3 36,200 — — — — — — — 36,200 Financial liabilities Hong Kong currency notes in circulation 34,186 — — — — — — — 34,186 Deposits by banks 56,829 1,961 1,097 616 157 361 7,393 1,508 69,922 Customer accounts 1 1,269,003 44,129 21,596 11,570 10,757 4,527 2,257 623 1,364,462 – personal 648,040 22,938 13,489 6,810 5,727 2,753 1,557 119 701,433 – corporate and commercial 458,937 16,496 6,983 3,712 3,970 1,705 641 451 492,895 – financial 162,026 4,695 1,124 1,048 1,060 69 59 53 170,134 Repurchase agreements – non-trading 113,208 14,042 1,592 160 — — 1,000 — 130,002 Items in the course of transmission to other banks 6,850 — — — — — — — 6,850 Trading liabilities 145,028 2,026 2,177 2,130 3,077 5,038 12,814 12,071 184,361 Financial liabilities designated at fair value 80 281 2,094 271 2,798 4,215 22,468 62,222 94,429 – debt securities in issue: covered bonds — — — 209 — 212 2,494 1,654 4,569 – debt securities in issue: unsecured 55 95 2,087 62 2,797 1,654 19,505 33,535 59,790 – subordinated liabilities and preferred securities — — — — — 2,349 459 21,482 24,290 – other 25 186 7 — 1 — 10 5,551 5,780 Derivatives 213,011 79 141 140 202 504 1,107 1,637 216,821 Debt securities in issue 6,081 6,295 5,228 5,795 9,240 6,725 22,767 2,415 64,546 – covered bonds — — — — 1 3 10 34 48 – otherwise secured 3,479 4 — — 1,000 1,100 914 1,193 7,690 – unsecured 2,602 6,291 5,228 5,795 8,239 5,622 21,843 1,188 56,808 Accruals and other financial liabilities 18,009 9,547 2,798 749 717 1,007 1,569 938 35,334 Subordinated liabilities — 1,918 73 36 132 273 3,595 13,799 19,826 Total financial liabilities at 31 Dec 2017 1,862,285 80,278 36,796 21,467 27,080 22,650 74,970 95,213 2,220,739 Non-financial liabilities — — — — — — — 103,161 103,161 Total liabilities at 31 Dec 2017 1,862,285 80,278 36,796 21,467 27,080 22,650 74,970 198,374 2,323,900 Off-balance sheet commitments given Loan and other credit-related commitments 3 669,485 39,192 3,812 2,103 4,686 3,436 4,423 2,349 729,486 – personal 187,545 2,001 340 343 1,583 1,033 952 513 194,310 – corporate and commercial 388,778 32,011 2,782 1,322 2,309 2,403 2,804 1,716 434,125 – financial 93,162 5,180 690 438 794 — 667 120 101,051 1 ‘Customer accounts’ includes $ 364,729m (2017: $386,417m ) insured by guarantee schemes. 2 Structured liabilities have moved from ’Trading liabilities’ to ‘Financial liabilities designated at fair value’. Comparatives have not been restated. See Note 37 for further detail. 3 31 December 2017 balances have been restated to include $44b n of loan commitments given (unsettled reverse repurchase agreements) and $30b n of loan commitments received (unsettled repurchase agreements) not previously identified for disclosure. The $30b n of loan commitments received are reported within ‘Due not more than 1 month’. HSBC Holdings Maturity analysis of assets, liabilities and off-balance sheet commitments Due not more than 1 month Due over 1 month but not more than 3 months Due over 3 months but not more than 6 months Due over 6 months but not more than 9 months Due over 9 months but not more than 1 year Due over 1 year but not more than 2 years Due over 2 years but not more than 5 years Due over 5 years Total $m $m $m $m $m $m $m $m $m Financial assets Cash at bank and in hand: – balances with HSBC undertakings 3,509 — — — — — — — 3,509 Derivatives 540 — — — — — — 167 707 Loans and advances to HSBC undertakings 3,052 11,563 158 968 1 — 14,062 26,340 56,144 Loans and advances to HSBC undertakings designated and otherwise mandatorily measured at fair value — — — — — — 8,116 15,397 23,513 Financial investments in HSBC undertakings — — — — — — — — — Accrued income and other financial assets 33 27 — — — — — 60 Total financial assets at 7,134 11,590 158 968 1 — 22,178 41,904 83,933 Non-financial assets — — — — — — — 161,248 161,248 Total assets at 31 Dec 2018 7,134 11,590 158 968 1 — 22,178 203,152 245,181 Financial liabilities Amounts owed to HSBC undertakings — 949 — — — — — — 949 Financial liabilities designated at fair value — — 2,125 — — — 12,306 10,618 25,049 – debt securities in issue — — — — — — 12,306 5,461 17,767 – subordinated liabilities and preferred securities — — 2,125 — — — — 5,157 7,282 Derivatives 1,321 — — — — — 339 499 2,159 Debt securities in issue — — — — — — 23,770 27,030 50,800 Accruals and other financial liabilities 319 353 188 36 5 — — 41 942 Subordinated liabilities — — — — — — 17,715 17,715 31 Dec 2018 1,640 1,302 2,313 36 5 — 36,415 55,903 97,614 Non-financial liabilities — — — — — — — 214 214 Total liabilities at 31 Dec 2018 1,640 1,302 2,313 36 5 — 36,415 56,117 97,828 Off-balance sheet commitments given Undrawn formal standby facilities, credit lines and other commitments to lend — — — — — — — — — Maturity analysis of assets, liabilities and off-balance sheet commitments (continued) Due not more than 1 month Due over 1 month but not more than 3 months Due over 3 months but not more than 6 months Due over 6 months but not more than 9 months Due over 9 months but not more than 1 year Due over 1 year but not more than 2 years Due over 2 years but not more than 5 years Due over 5 years Total $m $m $m $m $m $m $m $m $m Financial assets Cash at bank and in hand: – balances with HSBC undertakings 1,985 — — — — — — — 1,985 Derivatives 1,952 — — — — 80 — 356 2,388 Loans and advances to HSBC undertakings 4,861 13,039 3,145 5 2 1,134 29,560 24,881 76,627 Loans and advances to HSBC undertakings designated at fair value — — — — — — 2,411 9,533 11,944 Financial investments in HSBC undertakings 17 3 — — — — 1,798 2,446 4,264 Accrued income and other financial assets — 4 — — — — — 123 127 Total financial assets at 31 Dec 2017 8,815 13,046 3,145 5 2 1,214 33,769 37,339 97,335 Non-financial assets — — — — — — — 94,399 94,399 Total assets at 31 Dec 2017 8,815 13,046 3,145 5 2 1,214 33,769 131,738 191,734 Financial liabilities Amounts owed to HSBC undertakings 120 2,405 46 — — — — — 2,571 Financial liabilities designated at fair value — — — — — 2,349 11,491 17,050 30,890 – debt securities in issue — — — — — — 11,491 6,005 17,496 – subordinated liabilities and preferred securities — — — — — 2,349 — 11,045 13,394 Derivatives 2,008 — — — — 110 183 781 3,082 Debt securities in issue — — — — 1,081 — 10,354 22,823 34,258 Accruals and other financial liabilities 439 395 157 39 7 3 1 11 1,052 Subordinated liabilities — 1,918 — — — — — 13,959 15,877 Total financial liabilities at 31 Dec 2017 2,567 4,718 203 39 1,088 2,462 22,029 54,624 87,730 Non-financial liabilities — — — — — — — 217 217 Total liabilities at 31 Dec 2017 2,567 4,718 203 39 1,088 2,462 22,029 54,841 87,947 Off-balance sheet commitments given Undrawn formal standby facilities, credit lines and other commitments to lend — — — — — — — — — 30 Offsetting of financial assets and financial liabilities In the following table, the ‘Amounts not set off in the balance sheet’ include transactions where: • the counterparty has an offsetting exposure with HSBC and a master netting or similar arrangement is in place with a right to set off only in the event of default, insolvency or bankruptcy, or the offset criteria are otherwise not satisfied; and • in the case of derivatives and reverse repurchase/repurchase, stock borrowing/lending and similar agreements, cash and non-cash collateral has been received/pledged. For risk management purposes, the net amounts of loans and advances to customers are subject to limits, which are monitored and the relevant customer agreements are subject to review and updated, as necessary, to ensure the legal right to set off remains appropriate. Offsetting of financial assets and financial liabilities Amounts subject to enforceable netting arrangements Amounts not subject to enforceable netting arrangements 5 Total Amounts not set off in the balance sheet Gross amounts Amounts offset Net amounts in the balance sheet Financial instruments Non-cash collateral Cash collateral Net amount Footnotes $m $m $m $m $m $m $m $m $m Financial assets Derivatives (Note 15) 1 250,275 (49,711 ) 200,564 (145,785 ) (9,986 ) (38,031 ) 6,762 7,261 207,825 Reverse repos, stock borrowing and similar agreements classified as: 2 – trading assets 18,217 (790 ) 17,427 (1,244 ) (16,179 ) — 4 853 18,280 – non-trading assets 372,358 (167,313 ) 205,045 (21,788 ) (182,995 ) (100 ) 162 37,759 242,804 Loans and advances to customers 3 40,534 (12,468 ) 28,066 (21,245 ) — — 6,821 536 28,602 At 31 Dec 2018 681,384 (230,282 ) 451,102 (190,062 ) (209,160 ) (38,131 ) 13,749 46,409 497,511 Derivatives (Note 15) 1 322,422 (110,425 ) 211,997 (156,088 ) (11,092 ) (37,302 ) 7,515 7,821 219,818 Reverse repos, stock borrowing and similar agreements classified as: 2 – trading assets 15,893 — 15,893 (430 ) (15,462 ) — 1 1,227 17,120 – non-trading assets 265,666 (105,776 ) 159,890 (3,714 ) (155,973 ) (49 ) 154 41,663 201,553 Loans and advances to customers 3 42,091 (10,424 ) 31,667 (26,390 ) — (181 ) 5,096 619 32,286 At 31 Dec 2017 646,072 (226,625 ) 419,447 (186,622 ) (182,527 ) (37,532 ) 12,766 51,330 470,777 Financial liabilities Derivatives (Note 15) 1 248,123 (49,711 ) 198,412 (145,785 ) (14,895 ) (29,998 ) 7,734 7,423 205,835 Repos, stock lending and similar agreements classified as: 2 – trading liabilities 13,169 (790 ) 12,379 (1,244 ) (11,133 ) — 2 114 12,493 – non-trading liabilities 274,367 (167,313 ) 107,054 (21,788 ) (85,087 ) (164 ) 15 58,830 165,884 Customer accounts 4 40,286 (12,468 ) 27,818 (21,245 ) — — 6,573 11 27,829 At 31 Dec 2018 575,945 (230,282 ) 345,663 (190,062 ) (111,115 ) (30,162 ) 14,324 66,378 412,041 Derivatives (Note 15) 1 321,932 (110,425 ) 211,507 (156,072 ) (14,342 ) (28,666 ) 12,427 5,314 216,821 Repos, stock lending and similar agreements classified as: 2 – trading liabilities 10,555 — 10,555 (430 ) (9,615 ) — 510 63 10,618 – non-trading liabilities 187,268 (105,776 ) 81,492 (7,165 ) (74,048 ) (240 ) 39 48,510 130,002 Customer accounts 4 42,533 (10,424 ) 32,109 (26,390 ) — (188 ) 5,531 158 32,267 At 31 Dec 2017 562,288 (226,625 ) 335,663 (190,057 ) (98,005 ) (29,094 ) 18,507 54,045 389,708 1 At 31 December 2018, the amount of cash margin received that had been offset against the gross derivatives assets was $3,935m (2017: $6,324m ). The amount of cash margin paid that had been offset against the gross derivatives liabilities was $5,888m (2017: $5,196m ). 2 For the amount of repos, reverse repos, stock lending, stock borrowing and similar agreements recognised on the balance sheet within ‘Trading assets’ $ 18,280m (2017: $ 17,120m ) and ‘Trading liabilities’ $ 12,493m (2017: $ 10,618m ), see the ‘Funding sources and uses’ table on page 179 . 3 At 31 December 2018, the total amount of ‘Loans and advances to customers’ was $ 981,696m (2017: $ 962,964m ), of which $ 28,066m (2017: $ 31,667m ) was subject to offsetting. 4 At 31 December 2018, the total amount of ‘Customer accounts’ was $ 1,362,643m (2017: $ 1,364,462m ), of which $ 27,818m (2017: $ 32,109m ) was subject to offsetting. 5 These exposures continue to be secured by financial collateral, but we may not have sought or been able to obtain a legal opinion evidencing enforceability of the right of offset. |
Debt securities in issue
Debt securities in issue | 12 Months Ended |
Dec. 31, 2018 | |
Disclosure Of Debt Securities In Issue [Abstract] | |
Debt securities in issue | 25 Debt securities in issue HSBC 2018 2017 Footnotes $m $m Bonds and medium-term notes 162,277 146,539 Other debt securities in issue 33,816 23,100 Total debt securities in issue 196,093 169,639 Included within: – trading liabilities (Note 23) 1 (1,400 ) (40,734 ) – financial liabilities designated at fair value (Note 24) 1 (109,351 ) (64,359 ) At 31 Dec 85,342 64,546 1 Structured liabilities (including debt securities in issue) have moved from ‘Trading liabilities’ to ‘Financial liabilities designated at fair value’. Comparatives have not been restated. See Note 37 for further detail. HSBC Holdings 2018 2017 $m $m Debt securities 68,567 51,754 Included within: – financial liabilities designated at fair value (Note 24) (17,767 ) (17,496 ) At 31 Dec 50,800 34,258 |
Accruals, deferred income and o
Accruals, deferred income and other liabilities | 12 Months Ended |
Dec. 31, 2018 | |
Subclassifications of assets, liabilities and equities [abstract] | |
Accruals, deferred income and other liabilities | 26 Accruals, deferred income and other liabilities 2018 2017 Footnotes $m $m Accruals and deferred income 11,296 11,521 Settlement accounts 1 13,022 N/A Cash collateral and margin payables 1 41,044 N/A Endorsements and acceptances 9,633 9,746 Employee benefit liabilities (Note 6) 2,167 2,152 Liabilities of disposal groups held for sale 313 1,286 Other liabilities 19,905 21,202 At 31 Dec 97,380 45,907 1 Settlement accounts, cash collateral and margin payables were reclassified from ‘Trading liabilities’, ‘Deposits by banks’ and ‘Customer accounts’ to ‘Other liabilities’ on 1 January 2018. This reclassification is to better reflect the nature of these balances and ensure consistency of presentation. Comparative data was not restated as the reclassification is not significant in the context of other changes to the balance sheet resulting from the adoption of IFRS 9. See Note 37 for further details. Accruals, deferred income and other liabilities include $ 87,390m (2017: $ 34,048m ) of financial liabilities, the majority of which are measured at amortised cost. |
Provisions
Provisions | 12 Months Ended |
Dec. 31, 2018 | |
Other Provisions, Contingent Liabilities And Contingent Assets [Abstract] | |
Provisions | 27 Provisions Restructuring Legal proceedings Customer Other Total $m $m $m $m $m Provisions (excluding contractual commitments) At 31 Dec 2017 334 1,501 1,454 469 3,758 Additions 73 1,132 288 232 1,725 Amounts utilised (158 ) (1,255 ) (838 ) (143 ) (2,394 ) Unused amounts reversed (107 ) (279 ) (90 ) (131 ) (607 ) Exchange and other movements (12 ) 29 (26 ) (70 ) (79 ) At 31 Dec 2018 130 1,128 788 357 2,403 Contractual commitments 1 At 31 Dec 2017 253 Impact on transition to IFRS 9 284 Net change in expected credit loss provision and other movements (20 ) At 31 Dec 2018 517 Total Provisions At 31 Dec 2017 4,011 At 31 Dec 2018 2,920 Restructuring costs Contractual commitments 1 Legal proceedings and regulatory matters Customer remediation Other provisions Total $m $m $m $m $m $m At 1 Jan 2017 551 298 2,436 1,124 364 4,773 Additions 204 87 829 820 280 2,220 Amounts utilised (353 ) (3 ) (850 ) (543 ) (133 ) (1,882 ) Unused amounts reversed (103 ) (135 ) (980 ) (52 ) (107 ) (1,377 ) Exchange and other movements 35 6 66 105 65 277 At 31 Dec 2017 334 253 1,501 1,454 469 4,011 1 The contractual commitments provision at 31 December 2017 represented IAS 37 provisions on off-balance sheet loan commitments and guarantees, for which expected credit losses are provided following transition to IFRS 9 on 1 January 2018. It further includes provisions in respect of insurance contracts. Further details of ‘Legal proceedings and regulatory matters’ are set out in Note 35 . Legal proceedings include civil court, arbitration or tribunal proceedings brought against HSBC companies (whether by way of claim or counterclaim), or civil disputes that may, if not settled, result in court, arbitration or tribunal proceedings. Regulatory matters refer to investigations, reviews and other actions carried out by, or in response to the actions of, regulators or law enforcement agencies in connection with alleged wrongdoing by HSBC. Customer remediation refers to HSBC’s activities to compensate customers for losses or damages associated with a failure to comply with regulations or to treat customers fairly. Customer remediation is often initiated by HSBC in response to customer complaints and/or industry developments in sales practices, and is not necessarily initiated by regulatory action. Further details of customer remediation are set out in this note. Refer to Note 37 for further information on the impact of IFRS 9 on undrawn loan commitments and financial guarantees, presented in ‘Contractual commitments’. This provision results from the adoption of IFRS 9 and has no comparatives. Further analysis of the movement in the expected credit loss provision is disclosed within the 'Reconciliation of allowances for loans and advances to banks and customers including loan commitments and financial guarantees' table on page 138 . Payment protection insurance At 31 December 2018, $555m (2017: $ 1,174m ) of the customer remediation provision relates to the estimated liability for redress in respect of the possible mis-selling of payment protection insurance (‘PPI’) policies in previous years. An increase in provisions of $79m was recognised during the second half of 2018, primarily reflecting an adjustment to expected future complaint volumes as a result of increased levels of observed complaints and of information requests during the year. The estimated liability for redress is calculated on the basis of the total premiums paid by the customer plus simple interest of 8% per annum (or the rate inherent in the related loan product where higher). The basis for calculating the redress liability is the same for single premium and regular premium policies. Future estimated redress levels are based on the historically observed redress per policy. A total of 5.4 million PPI policies have been sold since 2000, generating estimated revenue of $3.3bn at 2018. The gross written premiums on these policies were approximately $4.4bn . At 31 December 2018, the estimated total complaints expected to be received were 2.3 million , representing 42% of total policies sold. It is estimated that contact will be made with regard to 2.6 million policies, representing 49% of total policies sold. This estimate includes inbound complaints as well as the Group’s proactive contact exercise on certain policies (‘outbound contact’). The following table details the cumulative number of complaints received at 31 December 2018 and the number of claims expected in the future: Cumulative PPI complaints received to 31 December 2018 and future claims expected Footnotes Cumulative actual to Future expected Inbound complaints (000s of policies) 1 1,777 183 Outbound contact (000s of policies) 685 — Response rate to outbound contact 44% n/a Average uphold rate per claim 2 77% 83% Average redress per claim ($) 2,729 3,130 Complaints to Financial Ombudsman Service (000s of policies) 166 9 Average uphold rate per Financial Ombudsman Service claim 38% 32% 1 Excludes invalid claims for which no PPI policy exists. 2 Claims include inbound and responses to outbound contact. A 100,000 increase/decrease in the total inbound complaints would increase/decrease the redress provision by approximately $260m at 2018 average exchange rates. |
Subordinated liabilities
Subordinated liabilities | 12 Months Ended |
Dec. 31, 2018 | |
Financial Instruments [Abstract] | |
Subordinated liabilities | 28 Subordinated liabilities HSBC’s subordinated liabilities 2018 2017 $m $m At amortised cost 22,437 19,826 – subordinated liabilities 20,651 17,988 – preferred securities 1,786 1,838 Designated at fair value (Note 24) 14,693 24,290 – subordinated liabilities 14,282 23,831 – preferred securities 411 459 At 31 Dec 37,130 44,116 Issued by HSBC subsidiaries 13,168 15,470 Issued by HSBC Holdings 23,962 28,646 Subordinated liabilities rank behind senior obligations and generally count towards the capital base of HSBC. Capital securities may be called and redeemed by HSBC subject to prior notification to the PRA and, where relevant, the consent of the local banking regulator. If not redeemed at the first call date, coupons payable may step up or become floating rate based on interbank rates. On capital securities other than floating rate notes, interest is payable at fixed rates of up to 10.176% . The balance sheet amounts disclosed in the following table are presented on an IFRS basis and do not reflect the amount that the instruments contribute to regulatory capital principally due to regulatory amortisation and regulatory eligibility limits. HSBC’s subordinated liabilities in issue 2018 2017 Footnotes First call date Maturity date $m $m Additional tier 1 capital securities guaranteed by HSBC Holdings plc 1 $900m 10.176% non-cumulative step-up perpetual preferred securities, series 2 Jun 2030 892 892 892 892 Additional tier 1 capital securities guaranteed by HSBC Bank plc 1 £300m 5.862% non-cumulative step-up perpetual preferred securities Apr 2020 411 459 £700m 5.844% non-cumulative step-up perpetual preferred securities Nov 2031 894 946 1,305 1,405 Tier 2 securities issued by HSBC Bank plc $750m Undated floating rate primary capital notes Jun 1990 750 750 $500m Undated floating rate primary capital notes Sep 1990 500 500 $300m Undated floating rate primary capital notes, series 3 Jun 1992 300 300 $300m 7.65% subordinated notes — May 2025 300 375 1,850 1,925 £350m 5.00% callable subordinated notes 2 Mar 2018 Mar 2023 — 496 £300m 6.50% subordinated notes — Jul 2023 382 405 £350m 5.375% callable subordinated step-up notes 3 Nov 2025 Nov 2030 513 584 £500m 5.375% subordinated notes — Aug 2033 757 912 £225m 6.25% subordinated notes — Jan 2041 286 303 £600m 4.75% subordinated notes — Mar 2046 758 802 4,546 5,427 Tier 2 securities issued by The Hongkong and Shanghai Banking Corporation Ltd $400m Primary capital undated floating rate notes (third series) Jul 1991 400 400 400 400 Tier 2 securities issued by HSBC Bank Malaysia Berhad MYR500m 5.05% subordinated bonds Nov 2022 Nov 2027 121 123 121 123 Tier 2 securities issued by HSBC USA Inc. $750m 5.00% subordinated notes — Sep 2020 747 748 $250m 7.20% subordinated debentures — Jul 2097 221 221 Other subordinated liabilities each less than $150m 4 269 277 1,237 1,246 Tier 2 securities issued by HSBC Bank USA, N.A. $1,250m 4.875% subordinated notes — Aug 2020 1,226 1,236 $1,000m 5.875% subordinated notes — Nov 2034 1,106 1,272 $750m 5.625% subordinated notes — Aug 2035 829 955 $700m 7.00% subordinated notes — Jan 2039 697 700 3,858 4,163 Tier 2 securities issued by HSBC Finance Corporation $2,939m 6.676% senior subordinated notes 5 — Jan 2021 507 1,092 Tier 2 securities issued by HSBC Bank Canada Other subordinated liabilities each less than $150m Oct 1996 Nov 2083 29 31 29 31 Securities issued by HSBC Mexico, S.A. $300m Non-convertible subordinated obligations 6, 7 Jun 2014 Jun 2019 — 240 Other subordinated liability less than $150m 2, 6 — 115 — 355 Securities issued by other HSBC subsidiaries Other subordinated liabilities each less than $200m 4 273 336 Subordinated liabilities issued by HSBC subsidiaries at 31 Dec 8 13,168 15,470 1 See paragraph below, ‘Guaranteed by HSBC Holdings or HSBC Bank plc’. 2 These securities were redeemed in the first quarter of 2018. 3 The interest rate payable after November 2025 is the sum of the three-month sterling Libor plus 1.50% percentage points. 4 Some securities included here are ineligible for inclusion in the capital base of HSBC. 5 HSBC tendered for these securities in 2017. In January 2018, a further tender was conducted. The principal balance is now $507m . The original notional of these securities is $2,939m . 6 These securities are ineligible for inclusion in the capital base of HSBC. 7 Approximately $60m of these securities were held by HSBC Holdings. 8 Information regarding the effects of adoption of IFRS 9 can be found in Note 37. HSBC Holdings’ subordinated liabilities 2018 2017 $m $m At amortised cost 17,715 15,877 Designated at fair value (Note 24) 7,282 13,394 At 31 Dec 24,997 29,271 HSBC Holdings’ subordinated liabilities in issue First call Maturity 2018 2017 Footnotes date date $m $m Tier 2 securities issued by HSBC Holdings plc Amounts owed to third parties $2,000m 4.25% subordinated notes 2,3 — Mar 2024 2,001 2,038 $1,500m 4.25% subordinated notes 2 — Aug 2025 1,494 1,586 $1,500m 4.375% subordinated notes 2 — Nov 2026 1,470 1,580 $488m 7.625% subordinated notes 1 — May 2032 549 553 $222m 7.35% subordinated notes 1 — Nov 2032 246 248 $2,000m 6.5% subordinated notes 1 — May 2036 2,040 2,042 $2,500m 6.5% subordinated notes 1 — Sep 2037 2,419 3,365 $1,500m 6.8% subordinated notes 1 — Jun 2038 1,489 1,489 $1,500m 5.25% subordinated notes 2,3 — Mar 2044 1,661 1,755 £650m 5.75% subordinated notes 2 — Dec 2027 960 1,114 £650m 6.75% subordinated notes 2 — Sep 2028 826 873 £750m 7.0% subordinated notes 2 — Apr 2038 992 1,043 £900m 6.0% subordinated notes 2 — Mar 2040 1,156 1,199 €1,600m 6.25% subordinated notes 2 — Mar 2018 — 1,918 €1,750m 6.0% subordinated notes 2 — Jun 2019 2,125 2,349 €1,500m 3.375% subordinated notes 2,3 Jan 2019 Jan 2024 1,719 1,827 €1,500m 3.0% subordinated notes 2 — Jun 2025 1,725 2,037 €1,000m 3.125% subordinated notes 2 — Jun 2028 1,233 1,363 24,105 28,379 Amounts owed to HSBC undertakings $900m 10.176% subordinated step-up cumulative notes Jun 2030 Jun 2040 892 892 892 892 At 31 Dec 24,997 29,271 1 Amounts owed to third parties represent securities included in the capital base of HSBC as tier 2 securities in accordance with the grandfathering provisions under CRD IV rules. 2 These securities are included in the capital base of HSBC as fully CRD IV-compliant tier 2 securities on an end point basis. 3 These subordinated notes are measured at amortised cost in HSBC Holdings, where the interest rate risk is hedged using a fair value hedge, while they are measured at fair value in the Group. Additional tier 1 capital securities Additional tier 1 capital securities are perpetual subordinated securities on which coupon payments may be deferred or cancelled at the discretion of HSBC. The securities presented in this Note are accounted for as liabilities because HSBC has an obligation to pay dividends in perpetuity. See Note 32 for additional tier 1 capital securities accounted for as equity. The additional tier 1 securities presented in this section do not meet the identifying criteria in full for recognition as tier 1 capital under CRD IV, but are eligible as regulatory capital subject to grandfathering limits and progressive phase-out. Guaranteed by HSBC Holdings or HSBC Bank plc Capital securities guaranteed by HSBC Holdings or HSBC Bank plc were issued by the Jersey limited partnerships. The proceeds of these were lent to the respective guarantors by the limited partnerships in the form of subordinated notes. They qualify as additional tier 1 capital for HSBC under CRD IV by virtue of the application of grandfathering provisions, and the two capital securities guaranteed by HSBC Bank plc also qualify as additional tier 1 capital for HSBC Bank plc (on a solo and a consolidated basis) under CRD IV by virtue of the same grandfathering process. These preferred securities, together with the guarantee, are intended to provide investors with economic rights equivalent to the rights that they would have had if they had purchased non-cumulative perpetual preference shares of the relevant issuer. There are limitations on the payment of distributions if such payments are prohibited under UK banking regulations or other requirements, if a payment would cause a breach of HSBC’s capital adequacy requirements, or if HSBC Holdings or HSBC Bank plc has insufficient distributable reserves (as defined). HSBC Holdings and HSBC Bank plc have individually covenanted that, if prevented under certain circumstances from paying distributions on the preferred securities in full, they will not pay dividends or other distributions in respect of their ordinary shares, or repurchase or redeem their ordinary shares, until the distribution on the preferred securities has been paid in full. If the consolidated total capital ratio of HSBC Holdings falls below the regulatory minimum required, or if the Directors expect it to do so in the near term, provided that proceedings have not been commenced for the liquidation, dissolution or winding up of HSBC Holdings, the holders’ interests in the preferred securities guaranteed by HSBC Holdings will be exchanged for interests in preference shares issued by HSBC Holdings that have economic terms which are in all material respects equivalent to the preferred securities and their guarantee. If any of the two issues guaranteed by HSBC Bank plc are outstanding in April 2049 or November 2048 respectively, or if the consolidated total capital ratio of HSBC Bank plc falls below the regulatory minimum required, or if the Directors expect it to do so in the near term, provided that proceedings have not been commenced for the liquidation, dissolution or winding up of HSBC Bank plc , the holders’ interests in the preferred securities guaranteed by HSBC Bank plc will be exchanged for interests in preference shares issued by HSBC Bank plc that have economic terms which are in all material respects equivalent to the preferred securities and their guarantee. Tier 2 capital securities Tier 2 capital securities are either perpetual or dated subordinated securities on which there is an obligation to pay coupons. These capital securities are included within HSBC's regulatory capital base as tier 2 capital under CRD IV by virtue of the application of grandfathering provisions (with the exception of identified securities that are compliant with CRD IV end point rules). In accordance with CRD IV, the capital contribution of all tier 2 securities is amortised for regulatory purposes in their final five years before maturity. |
Maturity analysis of assets, li
Maturity analysis of assets, liabilities and off-balance sheet commitments | 12 Months Ended |
Dec. 31, 2018 | |
Financial Instruments [Abstract] | |
Disclosure of financial instruments | 16 Financial investments Carrying amount of financial investments 2018 2017 Footnotes $m $m Financial investments measured at fair value through other comprehensive income 344,767 N/A – treasury and other eligible bills 96,642 N/A – debt securities 246,371 N/A – equity securities 1,657 N/A – other instruments 1 97 N/A Debt instruments measured at amortised cost 2 62,666 N/A – treasury and other eligible bills 679 N/A – debt securities 61,987 N/A Available-for-sale securities at fair value N/A 336,157 – treasury and other eligible bills N/A 78,851 – debt securities N/A 253,389 – equity securities N/A 3,917 Held to maturity securities at amortised cost N/A 52,919 – debt securities 2 N/A 52,919 At 31 Dec 3, 4 407,433 389,076 1 ‘Other instruments’ comprises of loans and advances. 2 Fair value $62.1 bn ( 2017 : $54.1 bn). 3 Categories of financial instruments are disclosed under IFRS 9 at 31 December 2018. These are not directly comparable with 31 December 2017, where the instruments were categorised in accordance with IAS 39. 4 Information regarding the effects of adoption of IFRS 9 can be found in Note 37. Equity instruments measured at fair value through other comprehensive income Fair value Dividends recognised Type of equity instruments $m $m Investments required by central institutions 848 34 Business facilitation 758 21 Others 51 9 At 31 Dec 2018 1,657 64 Financial investments at amortised cost and fair value 2018 2017 Amortised cost Fair value 1 Amortised cost Fair value 1 Footnotes $m $m $m $m US Treasury 54,941 54,763 41,427 41,274 US Government agencies 2 21,058 20,580 18,691 18,494 US Government-sponsored entities 2 12,867 12,701 10,998 11,033 UK Government 20,576 21,083 17,817 18,538 Hong Kong Government 49,956 49,955 52,269 52,252 Other governments 142,495 144,099 134,766 136,414 Asset-backed securities 3 3,579 3,390 6,187 5,781 Corporate debt and other securities 97,286 98,419 99,136 102,540 Equities 1,353 1,657 2,989 3,917 At 31 Dec 404,111 406,647 384,280 390,243 1 Included within ‘fair value’ figures are debt securities issued by banks and other financial institutions of $ 56 bn ( 2017 : $67 bn), of which $ 8 bn ( 2017 : $15 bn) are guaranteed by various governments. 2 Includes securities that are supported by an explicit guarantee issued by the US Government. 3 Excludes asset-backed securities included under US Government agencies and sponsored entities. Maturities of investments in debt securities at their carrying amount Up to 1 year 1 to 5 years 5 to 10 years Over 10 years Total $m $m $m $m $m Debt securities measured at fair value through other comprehensive income 61,598 124,075 36,194 24,504 246,371 Debt securities measured at amortised cost 2,519 10,086 16,065 33,317 61,987 At 31 Dec 2018 64,117 134,161 52,259 57,821 308,358 Available-for-sale 63,896 122,113 37,292 30,088 253,389 Held to maturity 3,731 9,406 13,482 26,300 52,919 At 31 Dec 2017 67,627 131,519 50,774 56,388 306,308 Contractual maturities and weighted average yields of investment debt securities Up to 1 year 1 to 5 years 5 to 10 years Over 10 years Amount Yield Amount Yield Amount Yield Amount Yield $m % $m % $m % $m % Debt securities measured at fair value through other comprehensive income US Treasury 947 1.6 33,220 2.1 14,396 2.3 2,376 3.1 US Government agencies — — 74 2.1 10 3.8 9,707 2.9 US Government-sponsored agencies 1,361 3.2 1,268 2.6 2,240 2.8 4,309 3.2 UK Government 856 0.9 5,988 1.1 5,472 0.6 859 4.4 Hong Kong Government 456 1.3 551 1.3 63 3.0 — — Other governments 45,390 1.5 48,549 2.8 8,701 2.3 1,489 2.6 Asset-backed securities 16 5.9 25 — 381 2.7 3,156 2.1 Corporate debt and other securities 12,312 1.8 32,893 2.0 4,563 2.3 2,574 3.1 Total amortised cost at 31 Dec 2018 61,338 122,568 35,826 24,470 Total carrying value 61,598 124,075 36,194 24,504 Debt instruments measured at amortised cost US Treasury 34 4.2 53 4.8 1 1.0 152 4.0 US Government agencies — — 18 3.9 26 3.6 11,025 2.6 US Government-sponsored agencies 50 2.2 389 2.7 163 2.6 3,087 3.0 Hong Kong Government 8 4.9 24 1.6 9 1.3 7 1.5 Other governments 329 1.8 470 2.6 451 2.9 744 4.1 Asset-backed securities — — — — — — 2 7.4 Corporate debt and other securities 2,098 3.2 9,132 3.4 15,415 3.4 18,300 3.6 Total amortised cost at 31 Dec 2018 2,519 10,086 16,065 33,317 Total carrying value 2,519 10,086 16,065 33,317 The maturity distributions of ABSs are presented in the above table on the basis of contractual maturity dates. The weighted average yield for each range of maturities is calculated by dividing the annualised interest income for the year ended 31 December 2018 by the book amount of debt securities at that date. The yields do not include the effect of related derivatives. 24 Financial liabilities designated at fair value HSBC 2018 2017 Footnotes $m $m Deposits by banks and customer accounts 1 19,003 145 Liabilities to customers under investment contracts 5,458 5,635 Debt securities in issue (Note 25) 1 109,351 64,359 Subordinated liabilities (Note 28) 14,282 23,831 Preferred securities (Note 28) 411 459 At 31 Dec 148,505 94,429 1 Structured liabilities have moved from ‘Trading liabilities’ to ‘Financial liabilities designated at fair value’. Comparatives have not been restated. See Note 37 for further detail. The carrying amount of financial liabilities designated at fair value was $11,496 m less than the contractual amount at maturity ( 2017 : $5,343 m more). The cumulative amount of change in fair value attributable to changes in credit risk was $209 m ( 2017 : loss of $4,107 m). HSBC Holdings 2018 2017 $m $m Debt securities in issue (Note 25) 17,767 17,496 Subordinated liabilities (Note 28) 7,282 13,394 At 31 Dec 25,049 30,890 The carrying amount of financial liabilities designated at fair value was $ 920m more than the contractual amount at maturity 3,370m more). The cumulative amount of change in fair value attributable to changes in credit risk was a loss of $ 812m (2017: loss of $2,209m ) . 29 Maturity analysis of assets, liabilities and off-balance sheet commitments The table on page 320 provides an analysis of consolidated total assets, liabilities and off-balance sheet commitments by residual contractual maturity at the balance sheet date. These balances are included in the maturity analysis as follows: • Trading assets and liabilities (including trading derivatives but excluding reverse repos, repos and debt securities in issue) are included in the ‘Due not more than 1 month’ time bucket, because trading balances are typically held for short periods of time. • Financial assets and liabilities with no contractual maturity (such as equity securities) are included in the ‘Due over 5 years’ time bucket. Undated or perpetual instruments are classified based on the contractual notice period, which the counterparty of the instrument is entitled to give. Where there is no contractual notice period, undated or perpetual contracts are included in the ‘Due over 5 years’ time bucket. • Non-financial assets and liabilities with no contractual maturity are included in the ‘Due over 5 years’ time bucket. • Financial instruments included within assets and liabilities of disposal groups held for sale are classified on the basis of the contractual maturity of the underlying instruments and not on the basis of the disposal transaction. • Liabilities under insurance contracts are included in the ‘Due over 5 years’ time bucket. Liabilities under investment contracts are classified in accordance with their contractual maturity. Undated investment contracts are included in the ‘Due over 5 years’ time bucket, however, such contracts are subject to surrender and transfer options by the policyholders. • Loan and other credit-related commitments are classified on the basis of the earliest date they can be drawn down. HSBC Maturity analysis of assets, liabilities and off-balance sheet commitments Due not Due over Due over Due over Due over Due over Due over Due over Total $m $m $m $m $m $m $m $m $m Financial assets Cash and balances at central banks 162,843 — — — — — — — 162,843 Items in the course of collection from other banks 5,787 — — — — — — — 5,787 Hong Kong Government certificates of indebtedness 35,859 — — — — — — — 35,859 Trading assets 235,443 264 707 744 104 197 671 — 238,130 Financial assets designated or otherwise mandatorily measured at fair value 7,743 49 371 145 334 918 2,415 29,136 41,111 Derivatives 206,925 15 57 79 18 69 328 334 207,825 Loans and advances to banks 40,114 10,421 3,486 2,004 3,282 7,158 4,508 1,194 72,167 Loans and advances to customers 178,613 72,072 58,680 38,394 37,333 101,267 219,841 275,496 981,696 – personal 41,967 8,736 8,237 7,581 7,240 24,942 63,061 229,626 391,390 – corporate and commercial 118,294 58,623 45,918 27,001 25,597 67,093 143,959 42,540 529,025 – financial 18,352 4,713 4,525 3,812 4,496 9,232 12,821 3,330 61,281 Reverse repurchase agreements 172,795 41,084 13,308 5,763 3,574 5,253 1,027 — 242,804 Financial investments 40,421 58,731 30,464 15,707 15,357 41,866 92,846 112,041 407,433 Accrued income and other financial assets 62,067 6,893 2,403 561 307 349 731 2,237 75,548 Financial assets at 31 Dec 2018 1,148,610 189,529 109,476 63,397 60,309 157,077 322,367 420,438 2,471,203 Non-financial assets — — — — — — — 86,921 86,921 Total assets at 31 Dec 2018 1,148,610 189,529 109,476 63,397 60,309 157,077 322,367 507,359 2,558,124 Off-balance sheet commitments received Loan and other credit-related commitments 73,464 — — — 1 3 98 656 74,222 Financial liabilities Hong Kong currency notes in circulation 35,859 — — — — — — — 35,859 Deposits by banks 42,406 3,457 1,043 784 542 5,558 1,655 886 56,331 Customer accounts 1 1,225,919 66,990 31,315 17,218 13,760 4,122 3,194 125 1,362,643 – personal 612,325 38,132 21,218 11,483 8,282 2,853 2,623 53 696,969 – corporate and commercial 457,661 22,922 8,029 4,599 4,317 1,092 509 29 499,158 – financial 155,933 5,936 2,068 1,136 1,161 177 62 43 166,516 Repurchase agreements 154,383 8,140 1,750 629 73 408 501 — 165,884 Items in the course of transmission to other banks 5,641 — — — — — — — 5,641 Trading liabilities 2 82,867 251 326 633 81 235 36 2 84,431 Financial liabilities designated at 2 3,813 4,476 6,878 3,076 3,481 12,545 53,615 60,621 148,505 – debt securities in issue: covered bonds — — 205 — — 1,190 2,721 1,137 5,253 – debt securities in issue: unsecured 981 1,562 2,659 2,290 2,353 9,143 47,443 37,633 104,064 – subordinated liabilities and preferred securities — — 2,125 — — — — 12,568 14,693 – other 2,832 2,914 1,889 786 1,128 2,212 3,451 9,283 24,495 Derivatives 203,962 62 135 191 144 560 159 622 205,835 Debt securities in issue 6,777 11,194 12,556 8,075 3,330 10,670 19,713 13,027 85,342 – covered bonds — — — — — — 748 — 748 – otherwise secured 2,166 1,100 30 — — 394 944 1,412 6,046 – unsecured 4,611 10,094 12,526 8,075 3,330 10,276 18,021 11,615 78,548 Accruals and other financial liabilities 69,958 8,986 3,296 659 1,269 885 1,027 1,300 87,380 Subordinated liabilities 6 89 3 — — 1,996 1,384 18,959 22,437 Total financial liabilities at 31 Dec 2018 1,831,591 103,645 57,302 31,265 22,680 36,979 81,284 95,542 2,260,288 Non-financial liabilities — — — — — — — 103,587 103,587 Total liabilities at 31 Dec 2018 1,831,591 103,645 57,302 31,265 22,680 36,979 81,284 199,129 2,363,875 Off-balance sheet commitments given Loan and other credit-related commitments 769,311 5,281 941 1,972 1,257 361 731 412 780,266 – personal 203,622 974 59 32 201 280 556 331 206,055 – corporate and commercial 441,199 2,694 799 1,895 974 34 150 73 447,818 – financial 124,490 1,613 83 45 82 47 25 8 126,393 Maturity analysis of assets, liabilities and off-balance sheet commitments (continued) Due not more than 1 month Due over 1 month but not more than 3 months Due over 3 months but not more than 6 months Due over 6 months but not more than 9 months Due over 9 months but not more than 1 year Due over 1 year but not more than 2 years Due over 2 years but not more than 5 years Due over 5 years Total $m $m $m $m $m $m $m $m $m Financial assets Cash and balances at central banks 180,624 — — — — — — — 180,624 Items in the course of collection from other banks 6,628 — — — — — — — 6,628 Hong Kong Government certificates of indebtedness 34,186 — — — — — — — 34,186 Trading assets 284,781 1,432 642 — 1,140 — — — 287,995 Financial assets designated at fair value 612 93 230 162 197 556 2,068 25,546 29,464 Derivatives 218,103 162 97 124 42 234 592 464 219,818 Loans and advances to banks 61,968 10,665 4,212 2,344 1,502 5,799 2,491 1,412 90,393 Loans and advances to customers 195,577 65,469 49,860 34,107 37,176 93,065 218,784 268,926 962,964 – personal 42,593 9,126 8,483 7,441 7,492 23,552 61,238 214,837 374,762 – corporate and commercial 124,669 50,532 36,046 22,932 26,577 61,785 144,451 49,762 516,754 – financial 28,315 5,811 5,331 3,734 3,107 7,728 13,095 4,327 71,448 Reverse repurchase agreements – non-trading 144,244 30,289 7,951 2,194 3,960 1,072 4,598 7,245 201,553 Financial investments 31,981 51,487 31,634 13,446 17,647 40,582 90,366 111,933 389,076 Accrued income and other financial assets 19,259 5,795 2,050 358 411 652 513 2,046 31,084 Financial assets at 31 Dec 2017 1,177,963 165,392 96,676 52,735 62,075 141,960 319,412 417,572 2,433,785 Non-financial assets — — — — — — — 87,986 87,986 Total assets at 31 Dec 2017 1,177,963 165,392 96,676 52,735 62,075 141,960 319,412 505,558 2,521,771 Off-balance sheet commitments received Loan and other credit-related commitments 3 36,200 — — — — — — — 36,200 Financial liabilities Hong Kong currency notes in circulation 34,186 — — — — — — — 34,186 Deposits by banks 56,829 1,961 1,097 616 157 361 7,393 1,508 69,922 Customer accounts 1 1,269,003 44,129 21,596 11,570 10,757 4,527 2,257 623 1,364,462 – personal 648,040 22,938 13,489 6,810 5,727 2,753 1,557 119 701,433 – corporate and commercial 458,937 16,496 6,983 3,712 3,970 1,705 641 451 492,895 – financial 162,026 4,695 1,124 1,048 1,060 69 59 53 170,134 Repurchase agreements – non-trading 113,208 14,042 1,592 160 — — 1,000 — 130,002 Items in the course of transmission to other banks 6,850 — — — — — — — 6,850 Trading liabilities 145,028 2,026 2,177 2,130 3,077 5,038 12,814 12,071 184,361 Financial liabilities designated at fair value 80 281 2,094 271 2,798 4,215 22,468 62,222 94,429 – debt securities in issue: covered bonds — — — 209 — 212 2,494 1,654 4,569 – debt securities in issue: unsecured 55 95 2,087 62 2,797 1,654 19,505 33,535 59,790 – subordinated liabilities and preferred securities — — — — — 2,349 459 21,482 24,290 – other 25 186 7 — 1 — 10 5,551 5,780 Derivatives 213,011 79 141 140 202 504 1,107 1,637 216,821 Debt securities in issue 6,081 6,295 5,228 5,795 9,240 6,725 22,767 2,415 64,546 – covered bonds — — — — 1 3 10 34 48 – otherwise secured 3,479 4 — — 1,000 1,100 914 1,193 7,690 – unsecured 2,602 6,291 5,228 5,795 8,239 5,622 21,843 1,188 56,808 Accruals and other financial liabilities 18,009 9,547 2,798 749 717 1,007 1,569 938 35,334 Subordinated liabilities — 1,918 73 36 132 273 3,595 13,799 19,826 Total financial liabilities at 31 Dec 2017 1,862,285 80,278 36,796 21,467 27,080 22,650 74,970 95,213 2,220,739 Non-financial liabilities — — — — — — — 103,161 103,161 Total liabilities at 31 Dec 2017 1,862,285 80,278 36,796 21,467 27,080 22,650 74,970 198,374 2,323,900 Off-balance sheet commitments given Loan and other credit-related commitments 3 669,485 39,192 3,812 2,103 4,686 3,436 4,423 2,349 729,486 – personal 187,545 2,001 340 343 1,583 1,033 952 513 194,310 – corporate and commercial 388,778 32,011 2,782 1,322 2,309 2,403 2,804 1,716 434,125 – financial 93,162 5,180 690 438 794 — 667 120 101,051 1 ‘Customer accounts’ includes $ 364,729m (2017: $386,417m ) insured by guarantee schemes. 2 Structured liabilities have moved from ’Trading liabilities’ to ‘Financial liabilities designated at fair value’. Comparatives have not been restated. See Note 37 for further detail. 3 31 December 2017 balances have been restated to include $44b n of loan commitments given (unsettled reverse repurchase agreements) and $30b n of loan commitments received (unsettled repurchase agreements) not previously identified for disclosure. The $30b n of loan commitments received are reported within ‘Due not more than 1 month’. HSBC Holdings Maturity analysis of assets, liabilities and off-balance sheet commitments Due not more than 1 month Due over 1 month but not more than 3 months Due over 3 months but not more than 6 months Due over 6 months but not more than 9 months Due over 9 months but not more than 1 year Due over 1 year but not more than 2 years Due over 2 years but not more than 5 years Due over 5 years Total $m $m $m $m $m $m $m $m $m Financial assets Cash at bank and in hand: – balances with HSBC undertakings 3,509 — — — — — — — 3,509 Derivatives 540 — — — — — — 167 707 Loans and advances to HSBC undertakings 3,052 11,563 158 968 1 — 14,062 26,340 56,144 Loans and advances to HSBC undertakings designated and otherwise mandatorily measured at fair value — — — — — — 8,116 15,397 23,513 Financial investments in HSBC undertakings — — — — — — — — — Accrued income and other financial assets 33 27 — — — — — 60 Total financial assets at 7,134 11,590 158 968 1 — 22,178 41,904 83,933 Non-financial assets — — — — — — — 161,248 161,248 Total assets at 31 Dec 2018 7,134 11,590 158 968 1 — 22,178 203,152 245,181 Financial liabilities Amounts owed to HSBC undertakings — 949 — — — — — — 949 Financial liabilities designated at fair value — — 2,125 — — — 12,306 10,618 25,049 – debt securities in issue — — — — — — 12,306 5,461 17,767 – subordinated liabilities and preferred securities — — 2,125 — — — — 5,157 7,282 Derivatives 1,321 — — — — — 339 499 2,159 Debt securities in issue — — — — — — 23,770 27,030 50,800 Accruals and other financial liabilities 319 353 188 36 5 — — 41 942 Subordinated liabilities — — — — — — 17,715 17,715 31 Dec 2018 1,640 1,302 2,313 36 5 — 36,415 55,903 97,614 Non-financial liabilities — — — — — — — 214 214 Total liabilities at 31 Dec 2018 1,640 1,302 2,313 36 5 — 36,415 56,117 97,828 Off-balance sheet commitments given Undrawn formal standby facilities, credit lines and other commitments to lend — — — — — — — — — Maturity analysis of assets, liabilities and off-balance sheet commitments (continued) Due not more than 1 month Due over 1 month but not more than 3 months Due over 3 months but not more than 6 months Due over 6 months but not more than 9 months Due over 9 months but not more than 1 year Due over 1 year but not more than 2 years Due over 2 years but not more than 5 years Due over 5 years Total $m $m $m $m $m $m $m $m $m Financial assets Cash at bank and in hand: – balances with HSBC undertakings 1,985 — — — — — — — 1,985 Derivatives 1,952 — — — — 80 — 356 2,388 Loans and advances to HSBC undertakings 4,861 13,039 3,145 5 2 1,134 29,560 24,881 76,627 Loans and advances to HSBC undertakings designated at fair value — — — — — — 2,411 9,533 11,944 Financial investments in HSBC undertakings 17 3 — — — — 1,798 2,446 4,264 Accrued income and other financial assets — 4 — — — — — 123 127 Total financial assets at 31 Dec 2017 8,815 13,046 3,145 5 2 1,214 33,769 37,339 97,335 Non-financial assets — — — — — — — 94,399 94,399 Total assets at 31 Dec 2017 8,815 13,046 3,145 5 2 1,214 33,769 131,738 191,734 Financial liabilities Amounts owed to HSBC undertakings 120 2,405 46 — — — — — 2,571 Financial liabilities designated at fair value — — — — — 2,349 11,491 17,050 30,890 – debt securities in issue — — — — — — 11,491 6,005 17,496 – subordinated liabilities and preferred securities — — — — — 2,349 — 11,045 13,394 Derivatives 2,008 — — — — 110 183 781 3,082 Debt securities in issue — — — — 1,081 — 10,354 22,823 34,258 Accruals and other financial liabilities 439 395 157 39 7 3 1 11 1,052 Subordinated liabilities — 1,918 — — — — — 13,959 15,877 Total financial liabilities at 31 Dec 2017 2,567 4,718 203 39 1,088 2,462 22,029 54,624 87,730 Non-financial liabilities — — — — — — — 217 217 Total liabilities at 31 Dec 2017 2,567 4,718 203 39 1,088 2,462 22,029 54,841 87,947 Off-balance sheet commitments given Undrawn formal standby facilities, credit lines and other commitments to lend — — — — — — — — — 30 Offsetting of financial assets and financial liabilities In the following table, the ‘Amounts not set off in the balance sheet’ include transactions where: • the counterparty has an offsetting exposure with HSBC and a master netting or similar arrangement is in place with a right to set off only in the event of default, insolvency or bankruptcy, or the offset criteria are otherwise not satisfied; and • in the case of derivatives and reverse repurchase/repurchase, stock borrowing/lending and similar agreements, cash and non-cash collateral has been received/pledged. For risk management purposes, the net amounts of loans and advances to customers are subject to limits, which are monitored and the relevant customer agreements are subject to review and updated, as necessary, to ensure the legal right to set off remains appropriate. Offsetting of financial assets and financial liabilities Amounts subject to enforceable netting arrangements Amounts not subject to enforceable netting arrangements 5 Total Amounts not set off in the balance sheet Gross amounts Amounts offset Net amounts in the balance sheet Financial instruments Non-cash collateral Cash collateral Net amount Footnotes $m $m $m $m $m $m $m $m $m Financial assets Derivatives (Note 15) 1 250,275 (49,711 ) 200,564 (145,785 ) (9,986 ) (38,031 ) 6,762 7,261 207,825 Reverse repos, stock borrowing and similar agreements classified as: 2 – trading assets 18,217 (790 ) 17,427 (1,244 ) (16,179 ) — 4 853 18,280 – non-trading assets 372,358 (167,313 ) 205,045 (21,788 ) (182,995 ) (100 ) 162 37,759 242,804 Loans and advances to customers 3 40,534 (12,468 ) 28,066 (21,245 ) — — 6,821 536 28,602 At 31 Dec 2018 681,384 (230,282 ) 451,102 (190,062 ) (209,160 ) (38,131 ) 13,749 46,409 497,511 Derivatives (Note 15) 1 322,422 (110,425 ) 211,997 (156,088 ) (11,092 ) (37,302 ) 7,515 7,821 219,818 Reverse repos, stock borrowing and similar agreements classified as: 2 – trading assets 15,893 — 15,893 (430 ) (15,462 ) — 1 1,227 17,120 – non-trading assets 265,666 (105,776 ) 159,890 (3,714 ) (155,973 ) (49 ) 154 41,663 201,553 Loans and advances to customers 3 42,091 (10,424 ) 31,667 (26,390 ) — (181 ) 5,096 619 32,286 At 31 Dec 2017 646,072 (226,625 ) 419,447 (186,622 ) (182,527 ) (37,532 ) 12,766 51,330 470,777 Financial liabilities Derivatives (Note 15) 1 248,123 (49,711 ) 198,412 (145,785 ) (14,895 ) (29,998 ) 7,734 7,423 205,835 Repos, stock lending and similar agreements classified as: 2 – trading liabilities 13,169 (790 ) 12,379 (1,244 ) (11,133 ) — 2 114 12,493 – non-trading liabilities 274,367 (167,313 ) 107,054 (21,788 ) (85,087 ) (164 ) 15 58,830 165,884 Customer accounts 4 40,286 (12,468 ) 27,818 (21,245 ) — — 6,573 11 27,829 At 31 Dec 2018 575,945 (230,282 ) 345,663 (190,062 ) (111,115 ) (30,162 ) 14,324 66,378 412,041 Derivatives (Note 15) 1 321,932 (110,425 ) 211,507 (156,072 ) (14,342 ) (28,666 ) 12,427 5,314 216,821 Repos, stock lending and similar agreements classified as: 2 – trading liabilities 10,555 — 10,555 (430 ) (9,615 ) — 510 63 10,618 – non-trading liabilities 187,268 (105,776 ) 81,492 (7,165 ) (74,048 ) (240 ) 39 48,510 130,002 Customer accounts 4 42,533 (10,424 ) 32,109 (26,390 ) — (188 ) 5,531 158 32,267 At 31 Dec 2017 562,288 (226,625 ) 335,663 (190,057 ) (98,005 ) (29,094 ) 18,507 54,045 389,708 1 At 31 December 2018, the amount of cash margin received that had been offset against the gross derivatives assets was $3,935m (2017: $6,324m ). The amount of cash margin paid that had been offset against the gross derivatives liabilities was $5,888m (2017: $5,196m ). 2 For the amount of repos, reverse repos, stock lending, stock borrowing and similar agreements recognised on the balance sheet within ‘Trading assets’ $ 18,280m (2017: $ 17,120m ) and ‘Trading liabilities’ $ 12,493m (2017: $ 10,618m ), see the ‘Funding sources and uses’ table on page 179 . 3 At 31 December 2018, the total amount of ‘Loans and advances to customers’ was $ 981,696m (2017: $ 962,964m ), of which $ 28,066m (2017: $ 31,667m ) was subject to offsetting. 4 At 31 December 2018, the total amount of ‘Customer accounts’ was $ 1,362,643m (2017: $ 1,364,462m ), of which $ 27,818m (2017: $ 32,109m ) was subject to offsetting. 5 These exposures continue to be secured by financial collateral, but we may not have sought or been able to obtain a legal opinion evidencing enforceability of the right of offset. |
Offsetting of financial assets
Offsetting of financial assets and financial liabilities | 12 Months Ended |
Dec. 31, 2018 | |
Financial Instruments [Abstract] | |
Offsetting of financial assets and financial liabilities | 16 Financial investments Carrying amount of financial investments 2018 2017 Footnotes $m $m Financial investments measured at fair value through other comprehensive income 344,767 N/A – treasury and other eligible bills 96,642 N/A – debt securities 246,371 N/A – equity securities 1,657 N/A – other instruments 1 97 N/A Debt instruments measured at amortised cost 2 62,666 N/A – treasury and other eligible bills 679 N/A – debt securities 61,987 N/A Available-for-sale securities at fair value N/A 336,157 – treasury and other eligible bills N/A 78,851 – debt securities N/A 253,389 – equity securities N/A 3,917 Held to maturity securities at amortised cost N/A 52,919 – debt securities 2 N/A 52,919 At 31 Dec 3, 4 407,433 389,076 1 ‘Other instruments’ comprises of loans and advances. 2 Fair value $62.1 bn ( 2017 : $54.1 bn). 3 Categories of financial instruments are disclosed under IFRS 9 at 31 December 2018. These are not directly comparable with 31 December 2017, where the instruments were categorised in accordance with IAS 39. 4 Information regarding the effects of adoption of IFRS 9 can be found in Note 37. Equity instruments measured at fair value through other comprehensive income Fair value Dividends recognised Type of equity instruments $m $m Investments required by central institutions 848 34 Business facilitation 758 21 Others 51 9 At 31 Dec 2018 1,657 64 Financial investments at amortised cost and fair value 2018 2017 Amortised cost Fair value 1 Amortised cost Fair value 1 Footnotes $m $m $m $m US Treasury 54,941 54,763 41,427 41,274 US Government agencies 2 21,058 20,580 18,691 18,494 US Government-sponsored entities 2 12,867 12,701 10,998 11,033 UK Government 20,576 21,083 17,817 18,538 Hong Kong Government 49,956 49,955 52,269 52,252 Other governments 142,495 144,099 134,766 136,414 Asset-backed securities 3 3,579 3,390 6,187 5,781 Corporate debt and other securities 97,286 98,419 99,136 102,540 Equities 1,353 1,657 2,989 3,917 At 31 Dec 404,111 406,647 384,280 390,243 1 Included within ‘fair value’ figures are debt securities issued by banks and other financial institutions of $ 56 bn ( 2017 : $67 bn), of which $ 8 bn ( 2017 : $15 bn) are guaranteed by various governments. 2 Includes securities that are supported by an explicit guarantee issued by the US Government. 3 Excludes asset-backed securities included under US Government agencies and sponsored entities. Maturities of investments in debt securities at their carrying amount Up to 1 year 1 to 5 years 5 to 10 years Over 10 years Total $m $m $m $m $m Debt securities measured at fair value through other comprehensive income 61,598 124,075 36,194 24,504 246,371 Debt securities measured at amortised cost 2,519 10,086 16,065 33,317 61,987 At 31 Dec 2018 64,117 134,161 52,259 57,821 308,358 Available-for-sale 63,896 122,113 37,292 30,088 253,389 Held to maturity 3,731 9,406 13,482 26,300 52,919 At 31 Dec 2017 67,627 131,519 50,774 56,388 306,308 Contractual maturities and weighted average yields of investment debt securities Up to 1 year 1 to 5 years 5 to 10 years Over 10 years Amount Yield Amount Yield Amount Yield Amount Yield $m % $m % $m % $m % Debt securities measured at fair value through other comprehensive income US Treasury 947 1.6 33,220 2.1 14,396 2.3 2,376 3.1 US Government agencies — — 74 2.1 10 3.8 9,707 2.9 US Government-sponsored agencies 1,361 3.2 1,268 2.6 2,240 2.8 4,309 3.2 UK Government 856 0.9 5,988 1.1 5,472 0.6 859 4.4 Hong Kong Government 456 1.3 551 1.3 63 3.0 — — Other governments 45,390 1.5 48,549 2.8 8,701 2.3 1,489 2.6 Asset-backed securities 16 5.9 25 — 381 2.7 3,156 2.1 Corporate debt and other securities 12,312 1.8 32,893 2.0 4,563 2.3 2,574 3.1 Total amortised cost at 31 Dec 2018 61,338 122,568 35,826 24,470 Total carrying value 61,598 124,075 36,194 24,504 Debt instruments measured at amortised cost US Treasury 34 4.2 53 4.8 1 1.0 152 4.0 US Government agencies — — 18 3.9 26 3.6 11,025 2.6 US Government-sponsored agencies 50 2.2 389 2.7 163 2.6 3,087 3.0 Hong Kong Government 8 4.9 24 1.6 9 1.3 7 1.5 Other governments 329 1.8 470 2.6 451 2.9 744 4.1 Asset-backed securities — — — — — — 2 7.4 Corporate debt and other securities 2,098 3.2 9,132 3.4 15,415 3.4 18,300 3.6 Total amortised cost at 31 Dec 2018 2,519 10,086 16,065 33,317 Total carrying value 2,519 10,086 16,065 33,317 The maturity distributions of ABSs are presented in the above table on the basis of contractual maturity dates. The weighted average yield for each range of maturities is calculated by dividing the annualised interest income for the year ended 31 December 2018 by the book amount of debt securities at that date. The yields do not include the effect of related derivatives. 24 Financial liabilities designated at fair value HSBC 2018 2017 Footnotes $m $m Deposits by banks and customer accounts 1 19,003 145 Liabilities to customers under investment contracts 5,458 5,635 Debt securities in issue (Note 25) 1 109,351 64,359 Subordinated liabilities (Note 28) 14,282 23,831 Preferred securities (Note 28) 411 459 At 31 Dec 148,505 94,429 1 Structured liabilities have moved from ‘Trading liabilities’ to ‘Financial liabilities designated at fair value’. Comparatives have not been restated. See Note 37 for further detail. The carrying amount of financial liabilities designated at fair value was $11,496 m less than the contractual amount at maturity ( 2017 : $5,343 m more). The cumulative amount of change in fair value attributable to changes in credit risk was $209 m ( 2017 : loss of $4,107 m). HSBC Holdings 2018 2017 $m $m Debt securities in issue (Note 25) 17,767 17,496 Subordinated liabilities (Note 28) 7,282 13,394 At 31 Dec 25,049 30,890 The carrying amount of financial liabilities designated at fair value was $ 920m more than the contractual amount at maturity 3,370m more). The cumulative amount of change in fair value attributable to changes in credit risk was a loss of $ 812m (2017: loss of $2,209m ) . 29 Maturity analysis of assets, liabilities and off-balance sheet commitments The table on page 320 provides an analysis of consolidated total assets, liabilities and off-balance sheet commitments by residual contractual maturity at the balance sheet date. These balances are included in the maturity analysis as follows: • Trading assets and liabilities (including trading derivatives but excluding reverse repos, repos and debt securities in issue) are included in the ‘Due not more than 1 month’ time bucket, because trading balances are typically held for short periods of time. • Financial assets and liabilities with no contractual maturity (such as equity securities) are included in the ‘Due over 5 years’ time bucket. Undated or perpetual instruments are classified based on the contractual notice period, which the counterparty of the instrument is entitled to give. Where there is no contractual notice period, undated or perpetual contracts are included in the ‘Due over 5 years’ time bucket. • Non-financial assets and liabilities with no contractual maturity are included in the ‘Due over 5 years’ time bucket. • Financial instruments included within assets and liabilities of disposal groups held for sale are classified on the basis of the contractual maturity of the underlying instruments and not on the basis of the disposal transaction. • Liabilities under insurance contracts are included in the ‘Due over 5 years’ time bucket. Liabilities under investment contracts are classified in accordance with their contractual maturity. Undated investment contracts are included in the ‘Due over 5 years’ time bucket, however, such contracts are subject to surrender and transfer options by the policyholders. • Loan and other credit-related commitments are classified on the basis of the earliest date they can be drawn down. HSBC Maturity analysis of assets, liabilities and off-balance sheet commitments Due not Due over Due over Due over Due over Due over Due over Due over Total $m $m $m $m $m $m $m $m $m Financial assets Cash and balances at central banks 162,843 — — — — — — — 162,843 Items in the course of collection from other banks 5,787 — — — — — — — 5,787 Hong Kong Government certificates of indebtedness 35,859 — — — — — — — 35,859 Trading assets 235,443 264 707 744 104 197 671 — 238,130 Financial assets designated or otherwise mandatorily measured at fair value 7,743 49 371 145 334 918 2,415 29,136 41,111 Derivatives 206,925 15 57 79 18 69 328 334 207,825 Loans and advances to banks 40,114 10,421 3,486 2,004 3,282 7,158 4,508 1,194 72,167 Loans and advances to customers 178,613 72,072 58,680 38,394 37,333 101,267 219,841 275,496 981,696 – personal 41,967 8,736 8,237 7,581 7,240 24,942 63,061 229,626 391,390 – corporate and commercial 118,294 58,623 45,918 27,001 25,597 67,093 143,959 42,540 529,025 – financial 18,352 4,713 4,525 3,812 4,496 9,232 12,821 3,330 61,281 Reverse repurchase agreements 172,795 41,084 13,308 5,763 3,574 5,253 1,027 — 242,804 Financial investments 40,421 58,731 30,464 15,707 15,357 41,866 92,846 112,041 407,433 Accrued income and other financial assets 62,067 6,893 2,403 561 307 349 731 2,237 75,548 Financial assets at 31 Dec 2018 1,148,610 189,529 109,476 63,397 60,309 157,077 322,367 420,438 2,471,203 Non-financial assets — — — — — — — 86,921 86,921 Total assets at 31 Dec 2018 1,148,610 189,529 109,476 63,397 60,309 157,077 322,367 507,359 2,558,124 Off-balance sheet commitments received Loan and other credit-related commitments 73,464 — — — 1 3 98 656 74,222 Financial liabilities Hong Kong currency notes in circulation 35,859 — — — — — — — 35,859 Deposits by banks 42,406 3,457 1,043 784 542 5,558 1,655 886 56,331 Customer accounts 1 1,225,919 66,990 31,315 17,218 13,760 4,122 3,194 125 1,362,643 – personal 612,325 38,132 21,218 11,483 8,282 2,853 2,623 53 696,969 – corporate and commercial 457,661 22,922 8,029 4,599 4,317 1,092 509 29 499,158 – financial 155,933 5,936 2,068 1,136 1,161 177 62 43 166,516 Repurchase agreements 154,383 8,140 1,750 629 73 408 501 — 165,884 Items in the course of transmission to other banks 5,641 — — — — — — — 5,641 Trading liabilities 2 82,867 251 326 633 81 235 36 2 84,431 Financial liabilities designated at 2 3,813 4,476 6,878 3,076 3,481 12,545 53,615 60,621 148,505 – debt securities in issue: covered bonds — — 205 — — 1,190 2,721 1,137 5,253 – debt securities in issue: unsecured 981 1,562 2,659 2,290 2,353 9,143 47,443 37,633 104,064 – subordinated liabilities and preferred securities — — 2,125 — — — — 12,568 14,693 – other 2,832 2,914 1,889 786 1,128 2,212 3,451 9,283 24,495 Derivatives 203,962 62 135 191 144 560 159 622 205,835 Debt securities in issue 6,777 11,194 12,556 8,075 3,330 10,670 19,713 13,027 85,342 – covered bonds — — — — — — 748 — 748 – otherwise secured 2,166 1,100 30 — — 394 944 1,412 6,046 – unsecured 4,611 10,094 12,526 8,075 3,330 10,276 18,021 11,615 78,548 Accruals and other financial liabilities 69,958 8,986 3,296 659 1,269 885 1,027 1,300 87,380 Subordinated liabilities 6 89 3 — — 1,996 1,384 18,959 22,437 Total financial liabilities at 31 Dec 2018 1,831,591 103,645 57,302 31,265 22,680 36,979 81,284 95,542 2,260,288 Non-financial liabilities — — — — — — — 103,587 103,587 Total liabilities at 31 Dec 2018 1,831,591 103,645 57,302 31,265 22,680 36,979 81,284 199,129 2,363,875 Off-balance sheet commitments given Loan and other credit-related commitments 769,311 5,281 941 1,972 1,257 361 731 412 780,266 – personal 203,622 974 59 32 201 280 556 331 206,055 – corporate and commercial 441,199 2,694 799 1,895 974 34 150 73 447,818 – financial 124,490 1,613 83 45 82 47 25 8 126,393 Maturity analysis of assets, liabilities and off-balance sheet commitments (continued) Due not more than 1 month Due over 1 month but not more than 3 months Due over 3 months but not more than 6 months Due over 6 months but not more than 9 months Due over 9 months but not more than 1 year Due over 1 year but not more than 2 years Due over 2 years but not more than 5 years Due over 5 years Total $m $m $m $m $m $m $m $m $m Financial assets Cash and balances at central banks 180,624 — — — — — — — 180,624 Items in the course of collection from other banks 6,628 — — — — — — — 6,628 Hong Kong Government certificates of indebtedness 34,186 — — — — — — — 34,186 Trading assets 284,781 1,432 642 — 1,140 — — — 287,995 Financial assets designated at fair value 612 93 230 162 197 556 2,068 25,546 29,464 Derivatives 218,103 162 97 124 42 234 592 464 219,818 Loans and advances to banks 61,968 10,665 4,212 2,344 1,502 5,799 2,491 1,412 90,393 Loans and advances to customers 195,577 65,469 49,860 34,107 37,176 93,065 218,784 268,926 962,964 – personal 42,593 9,126 8,483 7,441 7,492 23,552 61,238 214,837 374,762 – corporate and commercial 124,669 50,532 36,046 22,932 26,577 61,785 144,451 49,762 516,754 – financial 28,315 5,811 5,331 3,734 3,107 7,728 13,095 4,327 71,448 Reverse repurchase agreements – non-trading 144,244 30,289 7,951 2,194 3,960 1,072 4,598 7,245 201,553 Financial investments 31,981 51,487 31,634 13,446 17,647 40,582 90,366 111,933 389,076 Accrued income and other financial assets 19,259 5,795 2,050 358 411 652 513 2,046 31,084 Financial assets at 31 Dec 2017 1,177,963 165,392 96,676 52,735 62,075 141,960 319,412 417,572 2,433,785 Non-financial assets — — — — — — — 87,986 87,986 Total assets at 31 Dec 2017 1,177,963 165,392 96,676 52,735 62,075 141,960 319,412 505,558 2,521,771 Off-balance sheet commitments received Loan and other credit-related commitments 3 36,200 — — — — — — — 36,200 Financial liabilities Hong Kong currency notes in circulation 34,186 — — — — — — — 34,186 Deposits by banks 56,829 1,961 1,097 616 157 361 7,393 1,508 69,922 Customer accounts 1 1,269,003 44,129 21,596 11,570 10,757 4,527 2,257 623 1,364,462 – personal 648,040 22,938 13,489 6,810 5,727 2,753 1,557 119 701,433 – corporate and commercial 458,937 16,496 6,983 3,712 3,970 1,705 641 451 492,895 – financial 162,026 4,695 1,124 1,048 1,060 69 59 53 170,134 Repurchase agreements – non-trading 113,208 14,042 1,592 160 — — 1,000 — 130,002 Items in the course of transmission to other banks 6,850 — — — — — — — 6,850 Trading liabilities 145,028 2,026 2,177 2,130 3,077 5,038 12,814 12,071 184,361 Financial liabilities designated at fair value 80 281 2,094 271 2,798 4,215 22,468 62,222 94,429 – debt securities in issue: covered bonds — — — 209 — 212 2,494 1,654 4,569 – debt securities in issue: unsecured 55 95 2,087 62 2,797 1,654 19,505 33,535 59,790 – subordinated liabilities and preferred securities — — — — — 2,349 459 21,482 24,290 – other 25 186 7 — 1 — 10 5,551 5,780 Derivatives 213,011 79 141 140 202 504 1,107 1,637 216,821 Debt securities in issue 6,081 6,295 5,228 5,795 9,240 6,725 22,767 2,415 64,546 – covered bonds — — — — 1 3 10 34 48 – otherwise secured 3,479 4 — — 1,000 1,100 914 1,193 7,690 – unsecured 2,602 6,291 5,228 5,795 8,239 5,622 21,843 1,188 56,808 Accruals and other financial liabilities 18,009 9,547 2,798 749 717 1,007 1,569 938 35,334 Subordinated liabilities — 1,918 73 36 132 273 3,595 13,799 19,826 Total financial liabilities at 31 Dec 2017 1,862,285 80,278 36,796 21,467 27,080 22,650 74,970 95,213 2,220,739 Non-financial liabilities — — — — — — — 103,161 103,161 Total liabilities at 31 Dec 2017 1,862,285 80,278 36,796 21,467 27,080 22,650 74,970 198,374 2,323,900 Off-balance sheet commitments given Loan and other credit-related commitments 3 669,485 39,192 3,812 2,103 4,686 3,436 4,423 2,349 729,486 – personal 187,545 2,001 340 343 1,583 1,033 952 513 194,310 – corporate and commercial 388,778 32,011 2,782 1,322 2,309 2,403 2,804 1,716 434,125 – financial 93,162 5,180 690 438 794 — 667 120 101,051 1 ‘Customer accounts’ includes $ 364,729m (2017: $386,417m ) insured by guarantee schemes. 2 Structured liabilities have moved from ’Trading liabilities’ to ‘Financial liabilities designated at fair value’. Comparatives have not been restated. See Note 37 for further detail. 3 31 December 2017 balances have been restated to include $44b n of loan commitments given (unsettled reverse repurchase agreements) and $30b n of loan commitments received (unsettled repurchase agreements) not previously identified for disclosure. The $30b n of loan commitments received are reported within ‘Due not more than 1 month’. HSBC Holdings Maturity analysis of assets, liabilities and off-balance sheet commitments Due not more than 1 month Due over 1 month but not more than 3 months Due over 3 months but not more than 6 months Due over 6 months but not more than 9 months Due over 9 months but not more than 1 year Due over 1 year but not more than 2 years Due over 2 years but not more than 5 years Due over 5 years Total $m $m $m $m $m $m $m $m $m Financial assets Cash at bank and in hand: – balances with HSBC undertakings 3,509 — — — — — — — 3,509 Derivatives 540 — — — — — — 167 707 Loans and advances to HSBC undertakings 3,052 11,563 158 968 1 — 14,062 26,340 56,144 Loans and advances to HSBC undertakings designated and otherwise mandatorily measured at fair value — — — — — — 8,116 15,397 23,513 Financial investments in HSBC undertakings — — — — — — — — — Accrued income and other financial assets 33 27 — — — — — 60 Total financial assets at 7,134 11,590 158 968 1 — 22,178 41,904 83,933 Non-financial assets — — — — — — — 161,248 161,248 Total assets at 31 Dec 2018 7,134 11,590 158 968 1 — 22,178 203,152 245,181 Financial liabilities Amounts owed to HSBC undertakings — 949 — — — — — — 949 Financial liabilities designated at fair value — — 2,125 — — — 12,306 10,618 25,049 – debt securities in issue — — — — — — 12,306 5,461 17,767 – subordinated liabilities and preferred securities — — 2,125 — — — — 5,157 7,282 Derivatives 1,321 — — — — — 339 499 2,159 Debt securities in issue — — — — — — 23,770 27,030 50,800 Accruals and other financial liabilities 319 353 188 36 5 — — 41 942 Subordinated liabilities — — — — — — 17,715 17,715 31 Dec 2018 1,640 1,302 2,313 36 5 — 36,415 55,903 97,614 Non-financial liabilities — — — — — — — 214 214 Total liabilities at 31 Dec 2018 1,640 1,302 2,313 36 5 — 36,415 56,117 97,828 Off-balance sheet commitments given Undrawn formal standby facilities, credit lines and other commitments to lend — — — — — — — — — Maturity analysis of assets, liabilities and off-balance sheet commitments (continued) Due not more than 1 month Due over 1 month but not more than 3 months Due over 3 months but not more than 6 months Due over 6 months but not more than 9 months Due over 9 months but not more than 1 year Due over 1 year but not more than 2 years Due over 2 years but not more than 5 years Due over 5 years Total $m $m $m $m $m $m $m $m $m Financial assets Cash at bank and in hand: – balances with HSBC undertakings 1,985 — — — — — — — 1,985 Derivatives 1,952 — — — — 80 — 356 2,388 Loans and advances to HSBC undertakings 4,861 13,039 3,145 5 2 1,134 29,560 24,881 76,627 Loans and advances to HSBC undertakings designated at fair value — — — — — — 2,411 9,533 11,944 Financial investments in HSBC undertakings 17 3 — — — — 1,798 2,446 4,264 Accrued income and other financial assets — 4 — — — — — 123 127 Total financial assets at 31 Dec 2017 8,815 13,046 3,145 5 2 1,214 33,769 37,339 97,335 Non-financial assets — — — — — — — 94,399 94,399 Total assets at 31 Dec 2017 8,815 13,046 3,145 5 2 1,214 33,769 131,738 191,734 Financial liabilities Amounts owed to HSBC undertakings 120 2,405 46 — — — — — 2,571 Financial liabilities designated at fair value — — — — — 2,349 11,491 17,050 30,890 – debt securities in issue — — — — — — 11,491 6,005 17,496 – subordinated liabilities and preferred securities — — — — — 2,349 — 11,045 13,394 Derivatives 2,008 — — — — 110 183 781 3,082 Debt securities in issue — — — — 1,081 — 10,354 22,823 34,258 Accruals and other financial liabilities 439 395 157 39 7 3 1 11 1,052 Subordinated liabilities — 1,918 — — — — — 13,959 15,877 Total financial liabilities at 31 Dec 2017 2,567 4,718 203 39 1,088 2,462 22,029 54,624 87,730 Non-financial liabilities — — — — — — — 217 217 Total liabilities at 31 Dec 2017 2,567 4,718 203 39 1,088 2,462 22,029 54,841 87,947 Off-balance sheet commitments given Undrawn formal standby facilities, credit lines and other commitments to lend — — — — — — — — — 30 Offsetting of financial assets and financial liabilities In the following table, the ‘Amounts not set off in the balance sheet’ include transactions where: • the counterparty has an offsetting exposure with HSBC and a master netting or similar arrangement is in place with a right to set off only in the event of default, insolvency or bankruptcy, or the offset criteria are otherwise not satisfied; and • in the case of derivatives and reverse repurchase/repurchase, stock borrowing/lending and similar agreements, cash and non-cash collateral has been received/pledged. For risk management purposes, the net amounts of loans and advances to customers are subject to limits, which are monitored and the relevant customer agreements are subject to review and updated, as necessary, to ensure the legal right to set off remains appropriate. Offsetting of financial assets and financial liabilities Amounts subject to enforceable netting arrangements Amounts not subject to enforceable netting arrangements 5 Total Amounts not set off in the balance sheet Gross amounts Amounts offset Net amounts in the balance sheet Financial instruments Non-cash collateral Cash collateral Net amount Footnotes $m $m $m $m $m $m $m $m $m Financial assets Derivatives (Note 15) 1 250,275 (49,711 ) 200,564 (145,785 ) (9,986 ) (38,031 ) 6,762 7,261 207,825 Reverse repos, stock borrowing and similar agreements classified as: 2 – trading assets 18,217 (790 ) 17,427 (1,244 ) (16,179 ) — 4 853 18,280 – non-trading assets 372,358 (167,313 ) 205,045 (21,788 ) (182,995 ) (100 ) 162 37,759 242,804 Loans and advances to customers 3 40,534 (12,468 ) 28,066 (21,245 ) — — 6,821 536 28,602 At 31 Dec 2018 681,384 (230,282 ) 451,102 (190,062 ) (209,160 ) (38,131 ) 13,749 46,409 497,511 Derivatives (Note 15) 1 322,422 (110,425 ) 211,997 (156,088 ) (11,092 ) (37,302 ) 7,515 7,821 219,818 Reverse repos, stock borrowing and similar agreements classified as: 2 – trading assets 15,893 — 15,893 (430 ) (15,462 ) — 1 1,227 17,120 – non-trading assets 265,666 (105,776 ) 159,890 (3,714 ) (155,973 ) (49 ) 154 41,663 201,553 Loans and advances to customers 3 42,091 (10,424 ) 31,667 (26,390 ) — (181 ) 5,096 619 32,286 At 31 Dec 2017 646,072 (226,625 ) 419,447 (186,622 ) (182,527 ) (37,532 ) 12,766 51,330 470,777 Financial liabilities Derivatives (Note 15) 1 248,123 (49,711 ) 198,412 (145,785 ) (14,895 ) (29,998 ) 7,734 7,423 205,835 Repos, stock lending and similar agreements classified as: 2 – trading liabilities 13,169 (790 ) 12,379 (1,244 ) (11,133 ) — 2 114 12,493 – non-trading liabilities 274,367 (167,313 ) 107,054 (21,788 ) (85,087 ) (164 ) 15 58,830 165,884 Customer accounts 4 40,286 (12,468 ) 27,818 (21,245 ) — — 6,573 11 27,829 At 31 Dec 2018 575,945 (230,282 ) 345,663 (190,062 ) (111,115 ) (30,162 ) 14,324 66,378 412,041 Derivatives (Note 15) 1 321,932 (110,425 ) 211,507 (156,072 ) (14,342 ) (28,666 ) 12,427 5,314 216,821 Repos, stock lending and similar agreements classified as: 2 – trading liabilities 10,555 — 10,555 (430 ) (9,615 ) — 510 63 10,618 – non-trading liabilities 187,268 (105,776 ) 81,492 (7,165 ) (74,048 ) (240 ) 39 48,510 130,002 Customer accounts 4 42,533 (10,424 ) 32,109 (26,390 ) — (188 ) 5,531 158 32,267 At 31 Dec 2017 562,288 (226,625 ) 335,663 (190,057 ) (98,005 ) (29,094 ) 18,507 54,045 389,708 1 At 31 December 2018, the amount of cash margin received that had been offset against the gross derivatives assets was $3,935m (2017: $6,324m ). The amount of cash margin paid that had been offset against the gross derivatives liabilities was $5,888m (2017: $5,196m ). 2 For the amount of repos, reverse repos, stock lending, stock borrowing and similar agreements recognised on the balance sheet within ‘Trading assets’ $ 18,280m (2017: $ 17,120m ) and ‘Trading liabilities’ $ 12,493m (2017: $ 10,618m ), see the ‘Funding sources and uses’ table on page 179 . 3 At 31 December 2018, the total amount of ‘Loans and advances to customers’ was $ 981,696m (2017: $ 962,964m ), of which $ 28,066m (2017: $ 31,667m ) was subject to offsetting. 4 At 31 December 2018, the total amount of ‘Customer accounts’ was $ 1,362,643m (2017: $ 1,364,462m ), of which $ 27,818m (2017: $ 32,109m ) was subject to offsetting. 5 These exposures continue to be secured by financial collateral, but we may not have sought or been able to obtain a legal opinion evidencing enforceability of the right of offset. |
Non-controlling interests
Non-controlling interests | 12 Months Ended |
Dec. 31, 2018 | |
Interests In Other Entities [Abstract] | |
Non-controlling interests | 31 Non-controlling interests 2018 2017 $m $m Non-controlling interests attributable to holders of ordinary shares in subsidiaries 7,996 7,621 At 31 Dec 7,996 7,621 Hang Seng Bank Limited is the only subsidiary in the Group that gives rise to significant non-controlling interest. For summarised financial information of Hang Seng Bank Limited, see Note 19 . |
Called up share capital and oth
Called up share capital and other equity instruments | 12 Months Ended |
Dec. 31, 2018 | |
Share Capital, Reserves And Other Equity Interest [Abstract] | |
Called up share capital and other equity instruments | 32 Called up share capital and other equity instruments Called up share capital and share premium HSBC Holdings ordinary shares of $0.50 each, issued and fully paid 2018 2017 Footnotes Number $m Number $m At 1 Jan 20,320,716,258 10,160 20,191,586,214 10,096 Shares issued under HSBC employee share plans 83,740,460 42 76,701,249 38 Shares issued in lieu of dividends 166,850,869 83 380,652,196 190 Less: Shares repurchased and cancelled (210,466,091 ) (105 ) (328,223,401 ) (164 ) At 31 Dec 1 20,360,841,496 10,180 20,320,716,258 10,160 HSBC Holdings 6.20% non-cumulative US Dollar Preference Shares, Series A 2018 2017 Footnotes Number $m Number $m At 1 Jan and 31 Dec 2 1,450,000 — 1,450,000 — HSBC Holdings share premium 2018 2017 $m $m At 31 Dec 13,609 10,177 Total called up share capital and share premium 2018 2017 $m $m At 31 Dec 23,789 20,337 1 All HSBC Holdings ordinary shares in issue, excluding 325,273,407 shares held in treasury, confer identical rights, including in respect of capital, dividends and voting. 2 Included in the capital base of HSBC as additional tier 1 capital in accordance with the CRD IV rules, by virtue of the application of grandfathering provisions. HSBC Holdings 6.20% non-cumulative US dollar preference shares, Series A of $0.01 HSBC Holdings pays dividends on 6.20% non-cumulative US dollar preference shares, Series A of $0.01 each (‘dollar preference shares’) quarterly, at the discretion of the Board. The Board will not declare a dividend on them if this would stop the company from meeting the PRA’s capital adequacy requirements, or if profit available for distribution as dividends is insufficient to also pay dividends on other shares that are equally entitled and scheduled on the same date. HSBC Holdings may not declare or pay dividends on shares ranking lower in the right to dividends than dollar preference shares, or redeem or purchase any of its other shares ranking equal or lower than dollar preference shares, unless it has fully paid, or set aside an amount to fully pay, the dividends on the dollar preference shares for the then current dividend period. The dollar preference shares carry no rights to conversion into ordinary shares. Holders of dollar preference shares are only entitled to attend and vote at shareholder meetings if dividends on these shares have not been paid in full on four consecutive dividend payment dates. In such circumstances, holders of these shares are entitled to vote at shareholder meetings until HSBC Holdings has paid a full dividend on them. These securities can be redeemed by HSBC at any time, subject to prior approval by the PRA. HSBC Holdings non-cumulative preference share of £0.01 The one non-cumulative sterling preference share of £0.01 (‘sterling preference share’) has been in issue since 29 December 2010 and is held by a subsidiary of HSBC Holdings. Dividends are paid quarterly at the sole and absolute discretion of the Board. The sterling preference share carries no rights of conversion into ordinary shares of HSBC Holdings and no right to attend or vote at shareholder meetings of HSBC Holdings. These securities can be redeemed by HSBC at any time, subject to prior approval by the PRA. Other equity instruments HSBC Holdings includes three types of additional tier 1 capital securities in its tier 1 capital. Two are presented in this Note and are accounted for as equity because HSBC does not have an obligation to transfer cash or a variable number of its own ordinary shares to holders under any circumstances outside its control. See Note 28 for additional tier 1 securities accounted for as liabilities. Additional tier 1 capital securities Additional tier 1 capital securities are perpetual subordinated securities on which coupon payments may be deferred at HSBC Holdings’ discretion. While any coupon payments are unpaid or deferred, HSBC Holdings will not declare or pay dividends or make distributions or similar periodic payments in respect of any securities of lower or equal rank, or repurchase or redeem them. Such securities do not generally carry voting rights, but rank higher than ordinary shares for coupon payments, and in the event of a winding-up. They do not meet the identifying criteria in full for recognition as tier 1 capital under CRD IV, but are eligible as regulatory capital subject to grandfathering limits and progressive phase-out. At HSBC Holdings’ discretion, and subject to certain conditions being satisfied, the capital securities may be exchanged on any coupon payment date for non-cumulative preference shares to be issued by HSBC Holdings and ranking pari passu with the dollar and sterling preference shares in issue. The preference shares were issued at a nominal value of $0.01 per share and a premium of $24.99 per share, with both amounts being subscribed and fully paid. These securities were redeemed by HSBC in June 2018. HSBC’s additional tier 1 capital securities in issue which are accounted for in equity First call 2018 2017 $m $m $2,200m 8.125% perpetual subordinated capital securities Apr 2013 — 2,133 $3,800m 8.000% perpetual subordinated capital securities, Series 2 Dec 2015 — 3,718 At 31 Dec — 5,851 Additional tier 1 capital – contingent convertible securities During 2018, HSBC continued to issue contingent convertible securities that are included in its capital base as fully CRD IV-compliant additional tier 1 capital securities on an end point basis. The net proceeds of the issuances are used for general corporate purposes and to further strengthen its capital base to meet requirements under CRD IV. These securities bear a fixed rate of interest until their initial call dates. After the initial call dates, if they are not redeemed, the securities will bear interest at rates fixed periodically in advance for 5 -year periods based on prevailing market rates. Interest on the contingent convertible securities will be due and payable only at the sole discretion of HSBC, and HSBC has sole and absolute discretion at all times to cancel for any reason (in whole or in part) any interest payment that would otherwise be payable on any payment date. Distributions will not be paid if they are prohibited under UK banking regulations, or if the company has insufficient reserves or fails to meet the solvency conditions defined in the securities’ terms. The contingent convertible securities are undated and are repayable, at the option of HSBC, in whole at the initial call date, or on any fifth anniversary after this date. In addition, the securities are repayable at the option of HSBC in whole for certain regulatory or tax reasons. Any repayments require the prior consent of the PRA. These securities rank pari passu with HSBC’s dollar and sterling preference shares and are therefore ahead of ordinary shares. The contingent convertible securities will be converted into fully paid ordinary shares of HSBC at a predetermined price, should HSBC’s consolidated end point CET1 ratio fall below 7.0% . Therefore, in accordance with the terms of the securities, if the end point CET1 ratio breaches the 7.0% trigger, the securities will convert into ordinary shares at fixed contractual conversion prices in the issuance currencies of the relevant securities, equivalent to £2.70 at the prevailing rate of exchange on the issuance date, subject to certain anti-dilution adjustments. HSBC’s additional tier 1 capital – contingent convertible securities in issue which are accounted for in equity First call 2018 2017 $m $m $1,500m 5.625% perpetual subordinated contingent convertible securities Jan 2020 1,494 1,494 $2,000m 6.875% perpetual subordinated contingent convertible securities Jun 2021 1,998 1,998 $2,250m 6.375% perpetual subordinated contingent convertible securities Sep 2024 2,244 2,244 $2,450m 6.375% perpetual subordinated contingent convertible securities Mar 2025 2,460 2,460 $3,000m 6.000% perpetual subordinated contingent convertible securities May 2027 2,997 2,997 $2,350m 6.250% perpetual subordinated contingent convertible securities Mar 2023 2,347 — $1,800m 6.500% perpetual subordinated contingent convertible securities Mar 2028 1,798 — €1,500m 5.250% perpetual subordinated contingent convertible securities Sep 2022 1,943 1,943 €1,000m 6.000% perpetual subordinated contingent convertible securities Sep 2023 1,120 1,120 €1,250m 4.750% perpetual subordinated contingent convertible securities Jul 2029 1,420 1,420 £1,000m 5.875% perpetual subordinated contingent convertible securities Sep 2026 1,299 — SGD1,000m 4.700% perpetual subordinated contingent convertible securities Jun 2022 723 723 SGD750m 5.000% perpetual subordinated contingent convertible securities Sep 2023 549 — At 31 Dec 22,392 16,399 Shares under option For details of the options outstanding to subscribe for HSBC Holdings ordinary shares under the HSBC Holdings savings-related share option plans, see Note 6 . Aggregate options outstanding under these plans 31 Dec 2018 31 Dec 2017 Number of Period of exercise Exercise price Number of HSBC Holdings ordinary shares Period of exercise Exercise price 57,065,513 2018 to 2024 £4.0472 – 5.9640 64,604,932 2017 to 2023 £4.0472 – 5.9640 — N/A N/A 36,309 2017 to 2018 HK$55.4701 — N/A N/A 10,539 2017 to 2018 €5.3532 — N/A N/A 17,873 2017 to 2018 $7.1456 Maximum obligation to deliver HSBC Holdings ordinary shares At 31 December 2018, the maximum obligation to deliver HSBC Holdings ordinary shares under all of the above option arrangements and the HSBC International Employee Share Purchase Plan, together with GPSP awards, long-term incentive awards and deferred share awards granted under the HSBC Share Plan 2011, was 152,667,912 (2017: 169,615,437 ). The total number of shares at 31 December 2018 held by employee benefit trusts that may be used to satisfy such obligations to deliver HSBC Holdings ordinary shares was 5,928,890 (2017: 5,883,444 ). |
Contingent liabilities, contrac
Contingent liabilities, contractual commitments, and guarantees | 12 Months Ended |
Dec. 31, 2018 | |
Other Provisions, Contingent Liabilities And Contingent Assets [Abstract] | |
Contingent liabilities, contractual commitments, and guarantees | 33 Contingent liabilities, contractual commitments and guarantees HSBC HSBC Holdings 1 2018 2017 2018 2017 Footnotes $m $m $m $m Guarantees and other contingent liabilities: – financial guarantees 2 23,518 25,849 8,627 7,778 – performance and other guarantees 3 71,484 67,007 — — – other contingent liabilities 1,408 616 215 — At 31 Dec 96,410 93,472 8,842 7,778 Commitments: 4 – documentary credits and short-term trade-related transactions 7,083 8,776 — — – forward asset purchases and forward deposits placed 3 67,265 48,192 — — – standby facilities, credit lines and other commitments to lend 705,918 672,518 — — At 31 Dec 780,266 729,486 — — 1 Guarantees by HSBC Holdings are all in favour of other Group entities. 2 ‘Financial guarantees’ to which the impairment requirements in IFRS 9 are applied have been presented separately from other guarantees to align with credit risk disclosures. Comparatives have been re-presented accordingly. 3 The 31 December 2017 balances have been restated to include $44b n of loan commitments (unsettled reverse repurchase agreements) and $3b n of performance and other guarantees not previously identified for disclosure. 4 Includes $592,008m of commitments at 31 December 2018, to which the impairment requirements in IFRS 9 are applied where HSBC has become party to an irrevocable commitment. The preceding table discloses the nominal principal amounts of off-balance sheet liabilities and commitments for the Group, which represent the maximum amounts at risk should the contracts be fully drawn upon and the clients default. As a significant portion of guarantees and commitments are expected to expire without being drawn upon, the total of the nominal principal amounts is not indicative of future liquidity requirements. The expected credit loss provision relating to guarantees and commitments under IFRS 9 is disclosed in Note 27 . Approximately half the guarantees have a term of less than one year, while guarantees with terms of more than one year are subject to HSBC’s annual credit review process. Contingent liabilities arising from legal proceedings, regulatory and other matters against Group companies are disclosed in Notes 27 and 35 . Financial Services Compensation Scheme The Financial Services Compensation Scheme (‘FSCS’) has provided compensation to consumers following the collapse of a number of deposit takers. The compensation paid out to consumers was funded through loans from HM Treasury, which have now been repaid (2017: $6.3b n ( £4.7b n)). The Group could be liable to pay a proportion of any future amounts that the FSCS borrows from HM Treasury. The ultimate FSCS levy to the industry as a result of a collapse cannot currently be estimated reliably, as it is dependent on various uncertain factors, including the potential recoveries of assets by the FSCS and changes in the level of protected deposits and the population of FSCS members at the time. Associates HSBC’s share of associates’ contingent liabilities, contractual commitments and guarantees amounted to $ 48.5 bn at 31 December 2018 (2017: $46.3bn ). No matters arose where HSBC was severally liable. |
Lease commitments
Lease commitments | 12 Months Ended |
Dec. 31, 2018 | |
Leases1 [Abstract] | |
Lease commitments | 34 Lease commitments Operating lease commitments At 31 December 2018, future minimum lease payments under non-cancellable operating leases for land, buildings and equipment were $3,435 m (2017: $3,950 m). Finance lease receivables HSBC leases a variety of assets to third parties under finance leases, including transport assets (such as aircraft), property and general plant and machinery. At the end of lease terms, assets may be sold to third parties or leased for further terms. Rentals are calculated to recover the cost of assets less their residual value, and earn finance income. 2018 2017 Total future Unearned Present Total future Unearned Present $m $m $m $m $m $m Lease receivables: No later than one year 2,229 (196 ) 2,033 3,523 (326 ) 3,197 Later than one year and no later than five years 7,420 (628 ) 6,792 7,033 (696 ) 6,337 Later than five years 5,032 (619 ) 4,413 4,784 (669 ) 4,115 At 31 Dec 14,681 (1,443 ) 13,238 15,340 (1,691 ) 13,649 |
Legal proceedings and regulator
Legal proceedings and regulatory matters | 12 Months Ended |
Dec. 31, 2018 | |
Other Provisions, Contingent Liabilities And Contingent Assets [Abstract] | |
Legal proceedings and regulatory matters | 35 Legal proceedings and regulatory matters HSBC is party to legal proceedings and regulatory matters in a number of jurisdictions arising out of its normal business operations. Apart from the matters described below, HSBC considers that none of these matters are material. The recognition of provisions is determined in accordance with the accounting policies set out in Note 1 . While the outcome of legal proceedings and regulatory matters is inherently uncertain, management believes that, based on the information available to it, appropriate provisions have been made in respect of these matters as at 31 December 2018 (see Note 27 ). Where an individual provision is material, the fact that a provision has been made is stated and quantified, except to the extent that doing so would be seriously prejudicial. Any provision recognised does not constitute an admission of wrongdoing or legal liability. It is not practicable to provide an aggregate estimate of potential liability for our legal proceedings and regulatory matters as a class of contingent liabilities. Bernard L. Madoff Investment Securities LLC Bernard L. Madoff (‘Madoff’) was arrested in December 2008 and later pleaded guilty to running a Ponzi scheme. His firm, Bernard L. Madoff Investment Securities LLC (‘Madoff Securities’), is being liquidated in the US by a trustee (the ‘Trustee’). Various non-US HSBC companies provided custodial, administration and similar services to a number of funds incorporated outside the US whose assets were invested with Madoff Securities. Based on information provided by Madoff Securities as at 30 November 2008, the purported aggregate value of these funds was $8.4 bn, including fictitious profits reported by Madoff. Based on information available to HSBC, the funds’ actual transfers to Madoff Securities minus their actual withdrawals from Madoff Securities during the time HSBC serviced the funds are estimated to have totalled approximately $4 bn. Various HSBC companies have been named as defendants in lawsuits arising out of Madoff Securities’ fraud. US litigation: The Trustee has brought lawsuits against various HSBC companies and others in the US Bankruptcy Court, seeking recovery of transfers from Madoff Securities to HSBC in an amount not yet pleaded or determined. HSBC and other parties to the actions have moved to dismiss the Trustee’s claims. The US Bankruptcy Court granted HSBC’s motion to dismiss with respect to certain of the Trustee’s claims in November 2016. In September 2017, the Trustee appealed the US Bankruptcy Court’s decision, and the case remains pending before the US Court of Appeals for the Second Circuit (the ‘Second Circuit Court of Appeals’). Fairfield Sentry Limited, Fairfield Sigma Limited and Fairfield Lambda Limited (together, ‘Fairfield’) (in liquidation since July 2009) have brought a lawsuit in the US against fund shareholders, including HSBC companies that acted as nominees for clients, seeking restitution of redemption payments. In December 2018, the US Bankruptcy Court issued an opinion, which ruled in favour of the defendants’ motion to dismiss in respect of certain claims by the liquidators for Fairfield and granted a motion by the liquidators for Fairfield to file amended complaints. In December 2014, SPV Optimal SUS Ltd (‘SPV OSUS’), the purported assignee of the Madoff-invested company, Optimal Strategic US Equity Ltd, filed a lawsuit in New York state court against various HSBC companies and others, seeking damages on various alleged grounds, including breach of fiduciary duty and breach of trust. In April 2018, HSBC transferred the case to the US District Court for the Southern District of New York (the ’New York District Court’). In February 2019, SPV OSUS withdrew its action with prejudice against HSBC. UK litigation: The Trustee has filed a claim against various HSBC companies in the High Court of England and Wales, seeking recovery of transfers from Madoff Securities to HSBC in an amount not yet pleaded or determined. The deadline for service of the claim has been extended to September 2019 for UK-based defendants and November 2019 for all other defendants. Bermuda litigation: In January 2009, Kingate Global Fund Limited and Kingate Euro Fund Limited (together, ‘Kingate’) brought an action against HSBC Bank Bermuda Limited (‘HBBM’) for recovery of funds held in Kingate’s accounts, fees and dividends. This action is pending, but is not expected to move forward until the resolution of the Trustee’s US actions against Kingate and HBBM. Cayman Islands litigation: In February 2013, Primeo Fund Limited (‘Primeo’) (in liquidation since April 2009) brought an action against HSBC Securities Services Luxembourg (‘HSSL’) and Bank of Bermuda (Cayman) Limited, alleging breach of contract and breach of fiduciary duty and claiming damages and equitable compensation. The trial concluded in February 2017 and, in August 2017, the court dismissed all claims against the defendants. In September 2017, Primeo appealed to the Court of Appeal of the Cayman Islands and the defendants cross-appealed in respect of certain of the trial court’s findings. The appeals are pending before the court for a decision. Luxembourg litigation: In April 2009, Herald Fund SPC (‘Herald’) (in liquidation since July 2013) brought an action against HSSL before the Luxembourg District Court, seeking restitution of cash and securities that Herald purportedly lost because of Madoff Securities’ fraud, or money damages. The Luxembourg District Court dismissed Herald’s securities restitution claim, but reserved Herald’s cash restitution claim and its claim for money damages. Herald has appealed this judgment to the Luxembourg Court of Appeal, where the matter is pending. In late 2018, Herald brought additional claims against HSSL and HSBC Bank plc before the Luxembourg District Court, seeking further restitution and damages. In October 2009, Alpha Prime Fund Limited (‘Alpha Prime’) brought an action against HSSL before the Luxembourg District Court, seeking the restitution of securities, or the cash equivalent, or money damages. This action has been temporarily suspended at the plaintiffs’ request. In December 2018, Alpha Prime brought additional claims before the Luxembourg District Court seeking damages against various HSBC companies. In December 2014, Senator Fund SPC (‘Senator’) brought an action against HSSL before the Luxembourg District Court, seeking restitution of securities, or the cash equivalent, or money damages. In April 2015, Senator commenced a separate action against the Luxembourg branch of HSBC Bank plc asserting identical claims before the Luxembourg District Court. In December 2018, Senator brought additional claims against HSSL and HSBC Bank plc Luxembourg branch before the Luxembourg District Court, seeking restitution of Senator’s securities or money damages. HSSL has also been named as a defendant in various actions by shareholders in Primeo Select Fund, Herald, Herald (Lux) SICAV and Hermes International Fund Limited . Most of these actions have been dismissed, suspended or postponed. Ireland litigation: In November 2013, Defender Limited brought an action against HSBC Institutional Trust Services (Ireland) Limited (‘HTIE’) and others, based on allegations of breach of contract and claiming damages and indemnification for fund losses. The trial commenced in October 2018. In December 2018, the Irish High Court issued a judgment in HTIE’s favour on a preliminary issue, holding that Defender Limited had no effective claim against HTIE. This judgment concluded the trial without further issues in dispute being heard. In February 2019, Defender Limited appealed the judgment. In December 2014, SPV OSUS filed an action against HTIE and HSBC Securities Services (Ireland) Limited alleging breach of contract and claiming damages and indemnification for fund losses, which was dismissed on the basis of a preliminary issue by the Irish High Court in October 2015. In July 2018, following further appeals by SPV OSUS, the Irish Supreme Court affirmed the dismissal on a final basis. There are many factors that may affect the range of possible outcomes, and the resulting financial impact, of the various Madoff-related proceedings described above, including but not limited to the multiple jurisdictions in which the proceedings have been brought. Based upon the information currently available, management’s estimate of the possible aggregate damages that might arise as a result of all claims in the various Madoff-related proceedings is up to or exceeding $500m , excluding costs and interest. Due to uncertainties and limitations of this estimate, the ultimate damages could differ significantly from this amount. US mortgage securitisation activity and litigation HSBC Bank USA N.A. (‘HSBC Bank USA’) was a sponsor or seller of loans used to facilitate whole loan securitisations underwritten by HSBC Securities (USA) Inc. (‘HSI’). From 2005 to 2007, HSBC Bank USA purchased and sold approximately $24 bn of such loans to HSI, which were subsequently securitised and sold by HSI to third parties. The outstanding principal balance was approximately $3.8b n as at 31 December 2018. In addition, HSI served as an underwriter on securitisations issued by HSBC Finance Corporation (‘HSBC Finance’) or third parties, and HSBC Bank USA served as a trustee on behalf of various mortgage securitisation trusts. Mortgage trustee matters: Beginning in June 2014, a number of lawsuits were filed in state and federal courts in New York and Virginia against HSBC Bank USA as a trustee of more than 280 mortgage securitisation trusts. These lawsuits are brought on behalf of the trusts by a putative class of investors including, among others, BlackRock and PIMCO funds. The complaints allege that the trusts have sustained losses in collateral value of approximately $ 38 bn. The lawsuits seek unspecified damages resulting from alleged breaches of the US Trust Indenture Act, breach of fiduciary duty, negligence, breach of contract and breach of the common law duty of trust. HSBC’s motions to dismiss in several of these lawsuits were, for the most part, denied. In February 2018, one of these matters was dismissed on procedural grounds. The plaintiff in that action has appealed the decision and has also filed another proceeding in New York state court, which is currently stayed pending appeal. The motion for class certification filed by certain plaintiffs has been denied, as has their request for a review of that decision by the Second Circuit Court of Appeals . There are many factors that may affect the range of outcomes, and the resulting financial impact, of these matters. Loan repurchase matters: Since 2013, HSBC Bank USA, HSBC Finance and Decision One Mortgage Company LLC (‘Decision One’), an indirect subsidiary of HSBC Finance, have been named as defendants in various mortgage loan repurchase actions brought by trustees of mortgage securitisation trusts. One of the two remaining actions against HSBC Bank USA was dismissed on appeal in December 2017; however, the New York Court of Appeals granted the plaintiffs’ request for further review in September 2018. The second remaining action is currently pending before the New York state court. Based on the facts currently known, it is not practicable at this time for HSBC to predict the resolution of these matters, including the timing or any possible impact on HSBC, which could be significant. RMBS investigations: Since 2010, various HSBC entities have received subpoenas and requests for information from the US Department of Justice (the ‘DoJ’) and the Massachusetts Attorney General, seeking the production of documents and information regarding HSBC’s involvement in certain residential mortgage-backed securities (‘RMBS’) transactions as an issuer, sponsor, underwriter, depositor, trustee, custodian or servicer. In August and October 2018, HSBC resolved the Massachusetts Attorney General’s civil investigation, and the DoJ’s civil claims, relating to HSBC’s legacy RMBS origination and securitisation activities from 2005 to 2007, which entailed a payment to the DoJ of a civil money penalty of $765m . Anti-money laundering and sanctions-related matters In 2010, HSBC Bank USA entered into a consent cease-and-desist order with the Office of the Comptroller of the Currency (‘OCC’), and HSBC North America Holdings Inc. (‘ HNAH’) entered into a consent cease-and-desist order with the Federal Reserve Board (‘FRB’). In 2012, HSBC Bank USA further entered into an enterprise-wide compliance consent order with the OCC (each an ‘Order’ and together, the ‘Orders’). These Orders required improvements to establish an effective compliance risk management programme across HSBC’s US businesses, including risk management related to the Bank Secrecy Act (‘BSA’) and anti-money laundering (‘AML’) compliance. In 2012, an additional consent order was entered into with the OCC that required HSBC Bank USA to correct the circumstances noted in the OCC’s report and imposed restrictions on HSBC Bank USA acquiring control of, or holding an interest in, any new financial subsidiary, or commencing a new activity in its existing financial subsidiary, without the OCC’s approval. Between June and September 2018, following implementation of the required remediation actions by HNAH and HSBC Bank USA, the FRB and OCC terminated each of these orders. In December 2012, among other agreements, HSBC Holdings plc (‘HSBC Holdings’) agreed to an undertaking with the UK Financial Conduct Authority (‘FCA’) and consented to a cease-and-desist order with the FRB, both of which contained certain forward-looking AML and sanctions-related obligations. HSBC also agreed to retain an independent compliance monitor (who is, for FCA purposes, a ‘Skilled Person’ under section 166 of the Financial Services and Markets Act and, for FRB purposes, an ‘Independent Consultant’) to produce periodic assessments of the Group’s AML and sanctions compliance programme (the ‘Skilled Person/Independent Consultant’). In December 2012, HSBC Holdings also entered into an agreement with the Office of Foreign Assets Control (‘OFAC’) regarding historical transactions involving parties subject to OFAC sanctions . The Skilled Person/Independent Consultant will continue to conduct country reviews and provide periodic reports for a period of time at the FCA’s and FRB’s discretion. The role of the Skilled Person/Independent Consultant is discussed on page 124 . Through the Skilled Person/Independent Consultant’s country-level reviews, as well as internal reviews conducted by HSBC, certain potential AML and sanctions compliance issues have been identified that HSBC is reviewing further with the FRB, FCA and/or OFAC. T he Financial Crimes Enforcement Network of the US Treasury Department, as well as the Civil Division of the US Attorney’s Office for the Southern District of New York, are investigating the collection and transmittal of third-party originator information in certain payments instructed over HSBC’s proprietary payment systems. The FCA is also conducting an investigation into HSBC Bank plc’s compliance with UK money laundering regulations and financial crime systems and controls requirements. HSBC is cooperating with all of these investigations. In May 2014, a shareholder derivative action was filed by a shareholder of HSBC Holdings purportedly on behalf of HSBC Holdings, HSBC Bank USA, HNAH and HSBC USA Inc. (the ‘Nominal Corporate Defendants’) in New York state court against certain current and former directors and officers of those HSBC companies (the ‘Individual Defendants’). The complaint alleges that the Individual Defendants breached their fiduciary duties to the Nominal Corporate Defendants and caused a waste of corporate assets by allegedly permitting and/or causing the conduct underlying the f ive-year deferred prosecution agreement with the DoJ, entered into in December 2012 . In November 2015, the New York state court granted the Nominal Corporate Defendants’ motion to dismiss. In November 2018, the appellate court reversed the New York state court’s decision and reinstated the action. In December 2018, the Nominal Corporate Defendants filed a motion for reargument or, in the alternative, for leave to appeal to the New York Court of Appeals. In February 2019, the Nominal Corporate Defendants and most of the Individual Defendants filed a motion to dismiss in the New York state court, where the matter is pending. In July 2014, a claim was filed in the Ontario Superior Court of Justice against HSBC Holdings and a former employee purportedly on behalf of a class of persons who purchased HSBC common shares and American Depositary Shares between July 2006 and July 2012. The complaint, which seeks monetary damages of up to CA $20 bn, alleges that the defendants made statutory and common law misrepresentations in documents released by HSBC Holdings and its wholly owned indirect subsidiary, HSBC Bank Canada, relating to HSBC’s compliance with BSA, AML, sanctions and other laws. In September 2017, the Ontario Superior Court of Justice dismissed the statutory claims against HSBC Holdings and the former employee for lack of jurisdiction, and stayed the common law misrepresentation claim against HSBC Holdings on the basis of forum non conveniens . In October 2017, the plaintiff appealed to the Court of Appeal for Ontario and, in July 2018, that appeal was dismissed. In October 2018, the plaintiff applied for leave to appeal to the Supreme Court of Canada, where this matter is currently pending. Since November 2014, a number of lawsuits have been filed in federal courts in the US against various HSBC companies and others on behalf of plaintiffs who are, or are related to, victims of terrorist attacks in the Middle East or of cartel violence in Mexico. In each case, it is alleged that the defendants aided and abetted the unlawful conduct of various sanctioned parties in violation of the US Anti-Terrorism Act. Nine actions are currently pending in federal court in New York, with one on appeal. In July 2018, in one case, the New York District Court granted HSBC’s motion to dismiss, while in a different case, the magistrate judge issued a recommendation that the New York District Court should deny the defendants’ motion to dismiss. The p laintiffs appealed the decision in the case granting dismissal and that appeal is pending. Motions to dismiss remain pending in two other cases . In December 2018, three new cases and two cases relating to existing actions were filed in the New York District Court. These new actions are at a very early stage. In July 2018, a claim was issued against HSBC Holdings in the High Court of England and Wales alleging that HSBC Holdings made untrue and/or misleading statements and/or omissions in public statements between 2007 and 2012 regarding compliance by the HSBC Group with AML, anti-terrorist financing and sanctions laws, regulations and requirements, and the regulatory compliance of the HSBC Group more generally. Based on the facts currently known, it is not practicable at this time for HSBC to predict the resolution of these matters, including the timing or any possible impact on HSBC, which could be significant. Tax-related investigations Various tax administration, regulatory and law enforcement authorities around the world, including in the US, Belgium, Argentina, India and Spain, are conducting investigations and reviews of HSBC Private Bank (Suisse) SA (‘HSBC Swiss Private Bank’) and other HSBC companies in connection with allegations of tax evasion or tax fraud, money laundering and unlawful cross-border banking solicitation. HSBC continues to cooperate in ongoing investigations by the DoJ and the US Internal Revenue Service regarding whether certain HSBC companies and employees, including those associated with HSBC Swiss Private Bank and an HSBC company in India, acted appropriately in relation to certain customers who may have had US tax reporting obligations. In connection with these investigations, HSBC Swiss Private Bank, with due regard for Swiss law, has produced records and other documents to the DoJ. In August 2013, the DoJ informed HSBC Swiss Private Bank that it was not eligible for the ‘Program for Non-Prosecution Agreements or Non-Target Letters for Swiss Banks’ since a formal investigation had previously been authorised. These investigations remain pending. In November 2014, HSBC Swiss Private Bank was placed under formal criminal examination in Belgium for alleged tax-related offences. In June 2017, Belgian authorities also placed HSBC Holdings and HSBC Private Bank Holdings (Suisse) SA, a Swiss holding company, under formal criminal examination. HSBC is cooperating with this ongoing investigation. In November 2014, the Argentine tax authority initiated a criminal action against various individuals, including current and former HSBC employees. The criminal action includes allegations of tax evasion, conspiracy to launder undeclared funds and an unlawful association among HSBC Swiss Private Bank, HSBC Bank Argentina, HSBC Bank USA and certain HSBC employees, which allegedly enabled numerous HSBC customers to evade their Argentine tax obligations. HSBC is cooperating with this ongoing investigation. In February 2015, the Indian tax authority issued a summons and request for information to an HSBC company in India. In August 2015 and November 2015, HSBC companies received notices issued by two offices of the Indian tax authority, alleging that the Indian tax authority had sufficient evidence to initiate prosecution against HSBC Swiss Private Bank and an HSBC company in Dubai for allegedly abetting tax evasion of four different Indian individuals and/or families and requesting that the HSBC companies show cause as to why such prosecution should not be initiated. HSBC Swiss Private Bank and the HSBC company in Dubai have responded to the show cause notices. HSBC is cooperating with this ongoing investigation. As at 31 December 2018, HSBC has recognised a provision for these various matters in the amount of $626m . There are many factors that may affect the range of outcomes, and the resulting financial impact, of these investigations and reviews. Based on the information currently available, management’s estimate of the possible aggregate penalties that might arise as a result of the matters in respect of which it is practicable to form estimates is up to or exceeding $800m , including amounts for which a provision has been recognised. Due to uncertainties and limitations of these estimates, the ultimate penalties could differ significantly from this amount. In light of the media attention regarding these matters, it is possible that other tax administration, regulatory or law enforcement authorities will also initiate or enlarge similar investigations or regulatory proceedings. London interbank offered rates, European interbank offered rates and other benchmark interest rate investigations and litigation In December 2016, the European Commission (the ‘EC’) issued a decision finding that HSBC, among other banks, engaged in anti-competitive practices in connection with the pricing of euro interest rate derivatives in early 2007. The EC imposed a fine on HSBC based on a one -month infringement. HSBC has appealed the decision. US dollar Libor: Beginning in 2011, HSBC and other panel banks have been named as defendants in a number of private lawsuits filed in the US with respect to the setting of US dollar Libor. The complaints assert claims under various US laws, including US antitrust and racketeering laws, the US Commodity Exchange Act (‘US CEA’) and state law. The lawsuits include individual and putative class actions, most of which have been transferred and/or consolidated for pre-trial purposes before the New York District Court. In 2017 and 2018, HSBC reached agreements with plaintiffs to resolve putative class actions brought on behalf of the following five groups of plaintiffs: persons who purchased US dollar Libor-indexed bonds; persons who purchased US Libor-indexed exchange-traded instruments; US-based lending institutions that made or purchased US dollar Libor-indexed loans (the ‘Lender class’); persons who purchased US dollar Libor-indexed interest rate swaps and other instruments directly from the defendant banks and their affiliates (the ‘OTC class’); and persons who purchased US dollar Libor-indexed interest rate swaps and other instruments from certain financial institutions that are not the defendant banks or their affiliates. During 2018, the New York District Court granted final approval of the settlements with the OTC and Lender classes. The remaining settlements are subject to final court approval. Additionally, a number of other US dollar Libor-related actions remain pending against HSBC in the New York District Court and the Second Circuit Court of Appeals. Intercontinental Exchange (‘ICE’) Libor : In January 2019, HSBC and other panel banks were named as defendants in a putative class action filed in the New York District Court on behalf of persons who purchased over-the-counter instruments paying interest indexed to ICE Libor from a panel bank. The complaint alleges, among other things, misconduct related to the suppression of this benchmark rate in violation of US antitrust and state law. This matter is at a very early stage. Singapore interbank offered rate (‘Sibor’), Singapore swap offer rate (‘SOR’) and Australia bank bill swap rate (‘BBSW’): In July 2016 and August 2016, HSBC and other panel banks were named as defendants in two putative class actions filed in the New York District Court on behalf of persons who transacted in products related to the Sibor, SOR and BBSW benchmark rates. The complaints allege, among other things, misconduct related to these benchmark rates in violation of US antitrust, commodities and racketeering laws, and state law. Following a decision in October 2018 on the defendants’ motion to dismiss in the Sibor/SOR litigation, the claims against a number of HSBC entities were dismissed, and the Hongkong and Shanghai Banking Corporation Limited remains the only HSBC defendant in this action. In October 2018, the Hongkong and Shanghai Banking Corporation Limited filed a motion for reconsideration of the decision based on the issue of personal jurisdiction. The plaintiff filed a third amended complaint in October 2018 naming only the Sibor panel members. In November 2018, the defendants moved to dismiss the third amended complaint, and this motion remains pending. In November 2018, the court granted in part and denied in part the defendants’ motion to dismiss the BBSW case and dismissed all foreign defendants, including all the HSBC entities, on personal jurisdiction grounds. The plaintiff sought leave to file a second amended complaint in January 2019. There are many factors that may affect the range of outcomes, and the resulting financial impact, of these matters, which could be significant. Foreign exchange-related investigations and litigation Various regulators and competition authorities around the world, including in the EU, Switzerland, Brazil and South Africa, are conducting investigations and reviews into trading by HSBC and others on the foreign exchange markets. HSBC is cooperating with these investigations and reviews. In January 2018, HSBC Holdings entered into a three -year deferred prosecution agreement with the Criminal Division of the DoJ (the ‘FX DPA’), regarding fraudulent conduct in connection with two particular transactions in 2010 and 2011. This concluded the DoJ’s investigation into HSBC’s historical foreign exchange activities. Under the terms of the FX DPA, HSBC has a number of ongoing obligations, including implementing enhancements to its internal controls and procedures in its Global Markets business, which will be the subject of annual reports to the DoJ. In addition, HSBC agreed to pay a financial penalty and restitution. In December 2016, Brazil’s Administrative Council of Economic Defense (‘CADE’) publicly announced that it is initiating an investigation into the onshore foreign exchange market and has identified a number of banks, including HSBC, as subjects of its investigation. In February 2017, the Competition Commission of South Africa referred a complaint for proceedings before the South African Competition Tribunal against 18 financial institutions, including HSBC Bank plc, for alleged misconduct related to the foreign exchange market in violation of South African antitrust laws. In April 2017, HSBC Bank plc filed an exception to the complaint based on a lack of jurisdiction and statute of limitations. In January 2018, the South African Competition Tribunal approved the provisional referral of additional financial institutions, including HSBC Bank USA, to the proceedings. HSBC Bank USA has objected to the provisional referral. These proceedings are at an early stage. In October 2018, HSBC Holdings and HSBC Bank plc received an information request from the EC concerning potential coordination in foreign exchange options trading . This matter is at an early stage. In late 2013 and early 2014, various HSBC companies and other banks were named as defendants in various putative class actions consolidated in the New York District Court. The consolidated complaint alleged, among other things, that the defendants conspired to manipulate the WM/Reuters foreign exchange benchmark rates. In September 2015, HSBC reached an agreement with plaintiffs to resolve the consolidated action, and the court granted final approval of the settlement in August 2018. A putative class action complaint making similar allegations on behalf of retail customers of foreign exchange products was filed in the US District Court for the Northern District of California in 2015, and was subsequently transferred to the New York District Court where it remains pending. In 2017, putative class action complaints making similar allegations on behalf of purported ‘indirect’ purchasers of foreign exchange products were filed in New York and were subsequently consolidated in the New York District Court, where they remain pending. In September 2018, various HSBC companies and other banks were named as defendants in a class action complaint filed in Israel that alleges foreign exchange-related misconduct and, in November and December 2018, complaints alleging foreign exchange-related misconduct were filed in the New York District Court and the High Court of England and Wales against HSBC and other defendants, by certain plaintiffs that opted out of the US class action settlement. These matters are at an early stage. It is possible that additional actions will be initiated against HSBC in relation to its historical foreign exchange activities. There are many factors that may affect the range of outcomes, and the resulting financial impact, of these matters, which could be significant. Precious metals fix-related investigations and litigation In November 2014, the Antitrust Division and Criminal Fraud Section of the DoJ issued a document request to HSBC Holdings, seeking the voluntary production of certain documents in connection with a criminal investigation that the DoJ is conducting of alleged anti-competitive and manipulative conduct in precious metals trading. In January 2019, the DoJ closed its investigation without taking any action against HSBC. Gold: Beginning in March 2014, numerous putative class actions were filed in the New York District Court and the US District Courts for the District of New Jersey and the Northern District of California, naming HSBC and other members of The London Gold Market Fixing Limited as defendants. The complaints allege that, from January 2004 to June 2013, the defendants conspired to manipulate the price of gold and gold derivatives for their collective benefit in violation of US antitrust laws, the US CEA and New York state law. The actions were consolidated in the New York District Court. The defendants’ motion to dismiss the consolidated action was granted in part and denied in part in October 2016. In June 2017, the court granted the plaintiffs leave to file a third amended complaint, naming a new defendant. The court has denied the pre-existing defendants’ request for leave to file a joint motion to dismiss, and discovery is proceeding. Beginning in December 2015, numerous putative class actions under Canadian law were filed in the Ontario and Quebec Superior Courts of Justice against various HSBC companies and other financial institutions. The plaintiffs allege that, among other |
Related party transactions
Related party transactions | 12 Months Ended |
Dec. 31, 2018 | |
Related Party [Abstract] | |
Related party transactions | 36 Related party transactions Related parties of the Group and HSBC Holdings include subsidiaries, associates, joint ventures, post-employment benefit plans for HSBC employees, Key Management Personnel (‘KMP’) as defined by IAS 24, close family members of KMP and entities that are controlled or jointly controlled by KMP or their close family members. KMP are defined as those persons having authority and responsibility for planning, directing and controlling the activities of HSBC Holdings. These individuals also constitute ‘senior management’ for the purposes of the Hong Kong Listing Rules. Following a review of the application of IAS 24, it was determined that the roles of Chief Legal Officer, Group Head of Internal Audit, Group Chief Human Resources Officer, Group Chief Compliance Officer, Chief Communications Officer and Group Chief of Staff did not meet the criteria for KMP as provided for in the standard. Particulars of transactions with related parties are tabulated below. The disclosure of the year-end balance and the highest amounts outstanding during the year is considered to be the most meaningful information to represent the amount of the transactions and outstanding balances during the year. Key Management Personnel Details of Directors’ remuneration and interest in shares are disclosed in the Directors’ remuneration report on pages 217 to 252 . IAS 24 ‘Related party disclosures’ requires the following additional information for key management compensation. Compensation of Key Management Personnel 2018 2017 2016 $m $m $m Short-term employee benefits 52 43 41 Other long-term employee benefits 6 5 5 Share-based payments 34 35 37 Year ended 31 Dec 92 83 83 Shareholdings, options and other securities of Key Management Personnel 2018 2017 (000s) (000s) Number of options held over HSBC Holdings ordinary shares under employee share plans 24 15 Number of HSBC Holdings ordinary shares held beneficially and non-beneficially 17,940 22,609 At 31 Dec 17.964 22,624 Transactions and balances during the year with Key Management Personnel 2018 2017 Balance at 31 Dec Highest amounts outstanding Balance Highest amounts outstanding Footnotes $m $m $m $m Key Management Personnel 1 Advances and credits 2 169 288 329 334 Guarantees 0.6 0.6 6 52 Deposits 352 924 300 893 1 Includes Key Management Personnel, close family members of Key Management Personnel and entities that are controlled or jointly controlled by Key Management Personnel or their close family members. 2 Advances and credits entered into by subsidiaries of HSBC Holdings during 2018 with Directors, disclosed pursuant to Section 413 of the Companies Act 2006, totalled $1m ( 2017 : $2m ). Some of the transactions were connected transactions as defined by the Rules Governing The Listing of Securities on The Stock Exchange of Hong Kong Limited, but were exempt from any disclosure requirements under the provisions of those rules. The above transactions were made in the ordinary course of business and on substantially the same terms, including interest rates and security, as for comparable transactions with persons of a similar standing or, where applicable, with other employees. The transactions did not involve more than the normal risk of repayment or present other unfavourable features. Associates and joint ventures The Group provides certain banking and financial services to associates and joint ventures including loans, overdrafts, interest and non-interest bearing deposits and current accounts. Details of the interests in associates and joint ventures are given in Note 18 . Transactions and balances during the year with associates and joint ventures 2018 2017 Highest balance Balance at Highest balance Balance at $m $m $m $m Unsubordinated amounts due from joint ventures 130 115 138 119 Unsubordinated amounts due from associates 3,887 3,000 3,104 2,537 Subordinated amounts due from associates — — 411 411 Amounts due to associates 2,020 273 2,617 1,232 Amounts due to joint ventures 22 22 — — Guarantees and commitments 790 523 654 665 The above outstanding balances arose in the ordinary course of business and on substantially the same terms, including interest rates and security, as for comparable transactions with third-party counterparties. Post-employment benefit plans At 31 December 2018 , $4.4bn ( 2017 : $ 5.3bn ) of HSBC post-employment benefit plan assets were under management by HSBC companies, earning management fees of $8m in 2018 ( 2017 : $8m ). At 31 December 2018 , HSBC’s post-employment benefit plans had placed deposits of $297m ( 2017 : $875m ) with its banking subsidiaries, earning interest payable to the schemes of nil ( 2017 : nil ). The above outstanding balances arose from the ordinary course of business and on substantially the same terms, including interest rates and security, as for comparable transactions with third-party counterparties. The HSBC Bank (UK) Pension Scheme enters into swap transactions with HSBC to manage inflation and interest rate sensitivity of its liabilities and selected assets. At 31 December 2018 , the gross notional value of the swaps was $10.5bn ( 2017 : $11.3bn ); these swaps had a positive fair value to the scheme of $1.0bn ( 2017 : $1.0bn ); and HSBC had delivered collateral of $1.0bn ( 2017 : $1.0bn ) to the scheme in respect of these arrangements. All swaps were executed at prevailing market rates and within standard market bid/offer spreads. HSBC Holdings Details of HSBC Holdings’ subsidiaries are shown in Note 39 . Transactions and balances during the year with subsidiaries 2018 2017 Highest balance Balance at Highest balance Balance at $m $m $m $m Assets Cash and balances with HSBC undertakings 16,473 3,509 1,985 1,985 Loans and advances to HSBC undertakings designated at fair value 23,513 23,513 11,944 11,944 Derivatives 1,235 707 2,796 2,388 Loans and advances to HSBC undertakings 77,311 56,144 89,810 76,627 Financial investments in HSBC undertakings — — 4,264 4,264 Investments in subsidiaries 160,231 160,231 95,850 92,930 Total related party assets at 31 Dec 278,763 244,104 206,649 190,138 Liabilities Amounts owed to HSBC undertakings 2,040 949 2,906 2,571 Derivatives 3,639 2,159 4,904 3,082 Subordinated liabilities 892 892 892 892 Total related party liabilities at 31 Dec 6,571 4,000 8,702 6,545 Guarantees and commitments 11,629 8,627 9,692 7,778 The above outstanding balances arose in the ordinary course of business and on substantially the same terms, including interest rates and security, as for comparable transactions with third-party counterparties. Some employees of HSBC Holdings are members of the HSBC Bank (UK) Pension Scheme, which is sponsored by a separate Group company. HSBC Holdings incurs a charge for these employees equal to the contributions paid into the scheme on their behalf. Disclosure in relation to the scheme is made in Note 6 . |
Effects of reclassification upo
Effects of reclassification upon adoption of IFRS 9 | 12 Months Ended |
Dec. 31, 2018 | |
Accounting policies, changes in accounting estimates and errors [Abstract] | |
Effect of reclassification upon adoption of IFRS 9 | 37 Effects of reclassification upon adoption of IFRS 9 Reconciliation of consolidated balance sheet at 31 December 2017 and 1 January 2018 IFRS 9 reclassification to 4 IFRS 9 carrying amount at IAS 39 carrying amount at Other changes in classifi-cation Fair value through profit and loss Fair value Amorti-sed cost Carrying amount post reclassifi-cation Footnotes IAS 39 measurement category IFRS 9 measurement category $m $m $m $m $m $m $m $m Assets Cash and balances at central banks Amortised cost Amortised cost 180,624 — — — — 180,624 (3 ) 180,621 Items in the course of collection from other banks Amortised cost Amortised cost 6,628 — — — — 6,628 — 6,628 Hong Kong Government certificates of indebtedness Amortised cost Amortised cost 34,186 — — — — 34,186 — 34,186 Trading assets 1, 3 FVPL FVPL 287,995 4,329 9 — (37,924 ) 254,409 1 254,410 Financial assets designated and otherwise mandatorily measured at fair value through profit or loss 2,5,6,7 FVPL FVPL 29,464 313 10,055 (3 ) (115 ) 39,714 32 39,746 Derivatives FVPL FVPL 219,818 — — — — 219,818 — 219,818 Loans and advances to banks 1, 2, 3 Amortised cost Amortised cost 90,393 (7,099 ) (712 ) — — 82,582 (23 ) 82,559 Loans and advances to customers 1, 2, 3 Amortised cost Amortised cost 962,964 (7,458 ) (3,903 ) — 24 951,627 (1,890 ) 949,737 Reverse repurchase agreements – non-trading Amortised cost Amortised cost 201,553 — — — — 201,553 — 201,553 Financial investments 5, 13 FVOCI (Available-for- sale – debt instruments) FVOCI 332,240 — (3,131 ) 83 (7,026 ) 322,166 (3 ) 322,163 6, 13 FVOCI (Available-for- sale – equity instruments) FVOCI 3,917 — (2,104 ) — — 1,813 — 1,813 5 Amortised cost Amortised cost 52,919 — — (80 ) 7,141 59,980 (457 ) 59,523 Prepayments, accrued income and other assets 1, 7 Amortised cost Amortised cost 67,191 9,915 (214 ) — 37,900 114,792 (15 ) 114,777 Current tax assets N/A N/A 1,006 — — — — 1,006 — 1,006 Interests in associates and joint ventures 8 N/A N/A 22,744 — — — — 22,744 (942 ) 21,802 Goodwill and intangible assets 9 N/A N/A 23,453 — — — — 23,453 (79 ) 23,374 Deferred tax assets N/A N/A 4,676 — — — — 4,676 38 4,714 Total assets 2,521,771 — — — — 2,521,771 (3,341 ) 2,518,430 For footnotes, see page 338 . Reconciliation for consolidated balance sheet at 31 December 2017 and 1 January 2018 (continued) IFRS 9 reclassification to Carrying amount post- reclassification IFRS 9 remeasurement including expected credit losses 4 IFRS 9 carrying amount at IAS 39 carrying amount at Other changes in classification Fair value through profit and loss Fair value Amortised cost Footnotes Measurement category 13 $m $m $m $m $m $m $m $m Liabilities Hong Kong currency notes in circulation Amortised cost 34,186 — — — — 34,186 — 34,186 Deposits by banks 1 Amortised cost 69,922 (5,430 ) — — — 64,492 — 64,492 Customer accounts 1 Amortised cost 1,364,462 (4,235 ) — — — 1,360,227 — 1,360,227 Repurchase agreements – non-trading Amortised cost 130,002 — — — — 130,002 — 130,002 Items in the course of transmission to other banks Amortised cost 6,850 — — — — 6,850 — 6,850 Trading liabilities 1, 11 FVPL 184,361 (103,497 ) — — — 80,864 — 80,864 Financial liabilities designated at fair value 9, 10, 11 FVPL 94,429 59,267 — — (9,699 ) 143,997 9 144,006 Derivatives FVPL 216,821 — — — — 216,821 — 216,821 Debt securities in issue 10 Amortised cost 64,546 — — — 2,095 66,641 (105 ) 66,536 Accruals, deferred income and other liabilities 1, 10 Amortised cost 45,907 53,895 — — 124 99,926 — 99,926 Current tax liabilities N/A 928 — — — — 928 — 928 Liabilities under insurance contracts 9 N/A 85,667 — — — — 85,667 (69 ) 85,598 Provisions N/A 4,011 — — — — 4,011 284 4,295 Deferred tax liabilities 14 N/A 1,982 — — — — 1,982 (368 ) 1,614 Subordinated liabilities 10 Amortised cost 19,826 — — — 7,480 27,306 (1,445 ) 25,861 Total liabilities 2,323,900 — — — — 2,323,900 (1,694 ) 2,322,206 For footnotes, see page 338 . IAS 39 carrying amount at 31 Dec 2017 IFRS 9 reclassification Carrying amount post reclassification IFRS 9 remeasurement including expected credit losses Carrying amount at 1 January 2018 Footnotes $m $m $m $m $m Equity Called up share capital 10,160 — 10,160 — 10,160 Share premium account 10,177 — 10,177 — 10,177 Other equity instruments 22,250 — 22,250 — 22,250 Other reserves 12 7,664 (960 ) 6,704 (61 ) 6,643 Retained earnings 14 139,999 960 140,959 (1,545 ) 139,414 Total shareholders equity 190,250 — 190,250 (1,606 ) 188,644 Non-controlling interests 7,621 — 7,621 (41 ) 7,580 Total equity 197,871 — 197,871 (1,647 ) 196,224 For footnotes, see page 338 . Reconciliation of impairment allowance under IAS 39 and provision under IAS 37 to expected credit losses under IFRS 9 Reclassification to Remeasurement Total Fair value through profit and loss Fair value Amortised cost Stage 3 Stage 1 & Stage 2 IAS 39 measurement category $m $m $m $m $m $m Financial assets at amortised cost IAS 39 impairment allowance at 31 Dec 2017 7,532 Cash and balances at central banks Amortised cost (Loans and receivables) — — — — 3 3 Items in the course of collection from other banks Amortised cost (Loans and receivables) — — — — — — Hong Kong Government certificates of indebtedness Amortised cost (Loans and receivables) — — — — — — Loans and advances to banks Amortised cost (Loans and receivables) — — — 1 22 23 Loans and advances to customers Amortised cost (Loans and receivables) (31 ) — — 629 1,261 1,859 Reverse repurchase agreements – non-trading Amortised cost (Loans and receivables) — — — — — — Financial investments Amortised cost (Held to maturity) — — 3 — 13 16 Prepayments, accrued income and other assets Amortised cost (Loans and receivables) — — — — 47 47 Expected credit loss allowance at 1 Jan 2018 9,480 Loan commitments and financial guarantee contracts IAS 37 provisions at 31 Dec 2017 253 Provisions (loan commitments and financial guarantees) N/A N/A N/A N/A 74 210 284 Expected credit loss provision at 1 Jan 2018 537 The pre-tax net asset impact of additional impairment allowances on adoption of IFRS 9 is $2,232m ; $1,948m in respect of financial assets at amortised cost and $284m related to loan commitments and financial guarantee contracts. Total expected credit loss allowance at 1 January 2018 is $9,480m in respect of financial assets at amortised cost, and $537m related to loan commitments and financial guarantee contracts. Effects of reclassification upon adoption of IFRS 9 Assuming no reclassification Carrying amount at 31 Dec 2018 Fair value at 31 Dec 2018 Fair value gains/(losses) recognised in profit or loss Fair value gains/(losses) recognised in other comprehensive income Interest revenue/(expense) Footnotes $m $m $m $m $m Reclassified from available-for-sale to amortised cost Other financial assets held at amortised cost 5,781 5,876 N/A (438 ) N/A Reclassified from fair value through profit and loss to amortised cost or fair value though other comprehensive income Debt securities in issue 15 1,939 1,823 60 237 (80 ) Subordinated liabilities 16 5,872 6,635 246 644 (323 ) For footnotes, see page 338 . Footnotes to ‘Effect of reclassification upon adoption of IFRS 9’ 1 Settlement accounts, cash collateral and margin receivables of $37,900m have been reclassified from ‘Trading assets’ to ‘Prepayments, accrued income and other assets’ as a result of the assessment of the business model in accordance with IFRS 9. 2 'Loans and advances to customers' of $3,903m and 'Loans and advances to banks' of $712m did not meet the 'solely payments of principal and interest' (‘SPPI’) requirement for amortised cost classification under IFRS 9. As a result, these financial assets were reclassified to ‘Financial assets designated and otherwise mandatorily measured at fair value through profit or loss’. 3 Stock borrowing assets of $4,642m have been reclassified from ‘Loans and advances to banks and customers’ to ‘Trading assets’. The change in measurement is a result of the determination of the global business model for this activity and will align the presentation throughout the Group. 4 IFRS 9 ECL decreased net assets by $2,232m, principally comprising of $1,890m reduction in the carrying value of assets classified as 'Loans and advances to customers' and $284m increase in 'Provisions' relating to expected credit losses on loan commitments and financial guarantee contracts. 5 Debt instruments of $3,131m previously classified as available-for-sale under IAS 39 did not meet the SPPI requirement for FVOCI classification. As a result, these financial assets were classified as ‘Financial assets designated and otherwise mandatorily measured at fair value through profit or loss’ upon adoption of IFRS 9. Debt instruments of $7,026m previously classified as available-for-sale under IAS 39, have been reclassified to amortised cost as a result of ‘hold to collect’ business model classification under IFRS 9. This resulted in a $441m downward remeasurement of the financial assets now measured at amortised cost excluding expected credit losses. 6 $2,104m of available-for-sale non-traded equity instruments have been reclassified as ‘Financial assets designated and otherwise mandatorily measured at fair value through profit or loss’ in accordance with IFRS 9. The Group has elected to apply the FVOCI option under IFRS 9 for the remaining $1,813m. 7 $214m of other financial assets measured at amortised cost under IAS 39 did not meet the SPPI requirement for amortised cost classification under IFRS 9. As a result, these financial assets were classified as ‘Financial assets designated and otherwise mandatorily measured at fair value through profit or loss’. 8 'Interests in associates and joint ventures' includes the consequential downward remeasurement of our interests in associates and joint ventures as a result of these entities applying IFRS 9 of $942m. The effect of IFRS 9 on the carrying value of investments in associates has been updated from the estimate disclosed in our Annual Report and Accounts 2017 as a result of those entities publicly reporting their expected transition impacts. 9 Changes in the classification and measurement of financial assets held in our insurance business and the recognition of ECL under IFRS 9 has resulted in secondary impacts on the present value of in-force long-term insurance business ('PVIF') and liabilities to holders of insurance and investment contracts. The gross carrying value of PVIF reported in ‘Goodwill and intangible assets’ and liabilities reported in ‘Liabilities under insurance contracts’ has decreased by $79m and $69m respectively. Liabilities reported under ‘Financial liabilities designated at fair value’ have increased by $9m. 10 As permitted by IFRS 9, fair value designations have been revoked for certain long-dated liabilities where the accounting mismatch will be better mitigated by undertaking fair value hedge accounting, resulting in reclassifications of $7,110m from 'Financial liabilities designated at fair value’ to 'Subordinated liabilities' measured at amortised cost and $2,095m from ‘Financial liabilities designated at fair value’ to ‘Debt securities in issue’ measured at amortised cost. A further $124m of associated accrued interest has been reclassified to ‘Accruals, deferred income and other liabilities’. In addition, as required by IFRS 9, fair value designations have been revoked where accounting mismatches no longer exist, resulting in a further $370m of ‘Subordinated liabilities' being measured at amortised cost. Together, these changes result in the financial liabilities now being measured at amortised cost, decreasing 'Debt securities in issue' by $105m and 'Subordinated Liabilities' by $1,445m. 11 We have considered market practices for the presentation of $59,267m of financial liabilities containing both deposit and derivative components. We have concluded that a change in accounting policy and presentation from ‘Trading liabilities’ would be appropriate, since it would better align with the presentation of similar financial instruments by peers and therefore provide more relevant information about the effect of these financial liabilities on our financial position and performance. As a result, rather than being classified as held for trading, we will designate these financial liabilities as at fair value through profit or loss since they are managed and their performance evaluated on a fair value basis. Consequently, changes in fair value of these instruments attributable to changes in own credit risk are recognised in other comprehensive income rather than profit or loss. For 2017, a restatement would have increased ‘Net income from financial instruments held for trading or managed on a fair value basis’ by $545m and increased tax expense by $168m, with an equivalent net decrease in other comprehensive income. 12 While IFRS 9 ECL has no effect on the carrying value of FVOCI financial assets, which remain measured at fair value, the adoption of IFRS 9 results in a transfer from the FVOCI reserve (formerly AFS reserve) to retained earnings to reflect the cumulative impairment recognised in profit or loss in accordance with IFRS 9 (net of impairment losses previously recognised in profit or loss under IAS 39). The amount transferred from 'Other reserves' to 'Retained earnings' was $61m. The resulting cumulative expected credit losses recognised in ‘Retained earnings’ on financial assets measured at FVOCI on adoption of IFRS 9 is $184m. In addition, the cumulative AFS reserve relating to financial investments reclassified to 'Financial assets designated and otherwise mandatorily measured at fair value through profit or loss’ in accordance with IFRS 9 has been transferred to retained earnings. 13 Measurement refers to that under IAS 39 and IFRS 9. Financial investments measured under fair value through other comprehensive income were measured as available-for-sale instruments under IAS 39. 14 The effect of IFRS 9 remeasurement has been updated from the estimate disclosed in our Annual Report and Accounts 2017 as a result of our associates publicly reporting their transition impacts. 15 The effective interest rate on the issued debt security reclassified at 1 January 2018 was 4.05%. 16 Effective interest rate on subordinated liabilities reclassified at 1 January 2018 were 3.16%, 5.34%, 6.57% and 7.69%. Reconciliation of HSBC Holdings balance sheet at 31 December 2017 and 1 January 2018 IFRS 9 reclassification to IFRS 9 carrying amount at IAS 39 carrying amount at Other changes in classifi-cation Fair value through profit and loss Fair value Amorti-sed cost Carrying amount post-reclassifi-cation Footnotes IAS 39 measurement category IFRS 9 measurement category $m $m $m $m $m $m $m $m Assets Cash and balances with HSBC undertakings Amortised cost Amortised cost 1,985 — — — — 1,985 — 1,985 Financial assets designated and otherwise mandatorily measured at fair value through profit or loss 1 FVPL FVPL 11,944 — 4,264 — — 16,208 — 16,208 Derivatives FVPL FVPL 2,388 — — — — 2,388 — 2,388 Loans and advances to HSBC undertakings Amortised cost Amortised cost 76,627 — — — — 76,627 — 76,627 Financial investments 1 FVOCI (Available for sale – debt instruments) FVPL 4,264 — (4,264 ) — — — — — FVOCI (Available for sale – equity instruments) FVOCI — — — — — — — — Amortised cost (Debt instruments held to maturity) Amortised cost — — — — — — — — Prepayments, accrued income and intangible assets Amortised cost Amortised cost 662 — — — — 662 — 662 Current tax assets N/A N/A 379 — — — — 379 — 379 Investment in subsidiaries N/A N/A 92,930 — — — — 92,930 — 92,930 Deferred tax assets N/A N/A 555 — — — — 555 (175 ) 380 Total assets 191,734 — — — — 191,734 (175 ) 191,559 IFRS 9 reclassification to Carrying amount post-reclassification IFRS 9 remeasurement including expected credit losses IFRS 9 carrying amount at IAS 39 measurement category IAS 39 carrying amount at Other changes in classification Fair value through profit and loss Fair value Amortised cost Footnotes $m $m $m $m $m $m $m $m Liabilities Amount owed to HSBC undertakings Amortised cost 2,571 — — — — 2,571 — 2,571 Financial liabilities designated at fair value 2 FVPL 30,890 — — — (5,402 ) 25,488 — 25,488 Derivatives Amortised cost 3,082 — — — — 3,082 — 3,082 Debt securities in issue Amortised cost 34,258 — — — — 34,258 — 34,258 Accruals, deferred income and other liabilities 2 Amortised cost 1,269 — — — 75 1,344 — 1,344 Subordinated liabilities 2 Amortised cost 15,877 — — — 5,327 21,204 (1,065 ) 20,139 Total liabilities 87,947 — — — — 87,947 (1,065 ) 86,882 Reconciliation for HSBC Holdings balance sheet at 31 December 2017 and 1 January 2018 (continued) IAS 39 carrying amount at 31 Dec 2017 IFRS 9 reclassification Carrying amount post-reclassification IFRS 9 remeasurement including expected credit losses Carrying amount at 1 January 2018 Footnotes $m $m $m $m $m Equity Called up share capital 10,160 — 10,160 — 10,160 Share premium account 10,177 — 10,177 — 10,177 Other equity instruments 22,107 — 22,107 — 22,107 Other reserves 37,440 (59 ) 37,381 — 37,381 Retained earnings 23,903 59 23,962 890 24,852 Total equity 103,787 — 103,787 890 104,677 1 $4,264 of available-for-sale assets have been reclassified as ‘Financial assets designated and otherwise mandatorily measured at fair value through profit or loss’ in accordance with IFRS 9. 2 As permitted by IFRS 9, fair value designations have been revoked for certain long-dated liabilities where the accounting mismatch will be better mitigated by undertaking fair value hedge accounting, resulting in reclassifications of $5,402m from 'Financial liabilities designated at fair value’ to ‘Subordinated liabilities’ measured at amortised cost. |
Events after the balance sheet
Events after the balance sheet date | 12 Months Ended |
Dec. 31, 2018 | |
Events After Reporting Period [Abstract] | |
Events after the balance sheet date | 38 Events after the balance sheet date In its assessment of events after the balance sheet date, HSBC considered, among others, the events related to the process of the UK’s withdrawal from the European Union that occurred between 31 December 2018 and the date when the financial statements were authorised for issue, and concluded that no adjustments to the financial statements were required. A fourth interim dividend for 2018 of $0.21 per ordinary share (a distribution of approximately $4,205m ) was declared by the Directors after 31 December 2018. These accounts were approved by the Board of Directors on 19 February 2019 and authorised for issue. |
HSBC Holdings' subsidiaries, jo
HSBC Holdings' subsidiaries, joint ventures and associates | 12 Months Ended |
Dec. 31, 2018 | |
Interests In Other Entities [Abstract] | |
HSBC Holdings' subsidiaries, joint ventures and associates | 18 Interests in associates and joint ventures Associates At 31 December 2018, the carrying amount of HSBC’s interests in associates was $22,244m (2017: $22,577m ). Principal associates of HSBC 2018 2017 Carrying Fair 1 Carrying Fair 1 $m $m $m $m Bank of Communications Co., Limited 17,754 10,991 18,057 10,491 The Saudi British Bank 3,557 5,222 3,618 4,320 1 Principal associates are listed on recognised stock exchanges. The fair values are based on the quoted market prices of the shares held (Level 1 in the fair value hierarchy). At 31 Dec 2018 Footnotes Country of incorporation and principal place of business Principal activity HSBC’s interest % Bank of Communications Co., Limited People’s Republic of China Banking services 19.03 The Saudi British Bank 1 Saudi Arabia Banking services 40.00 1 In 2018, The Saudi British Bank announced a merger agreement with Alawwal Bank in Saudi Arabia. The merger, subject to shareholder and regulatory approval, is expected to be completed in 2019 and would dilute HSBC’s shareholding in the merged bank from 40% to 29.2% . A list of all associates and joint ventures is set out on page 341 . Bank of Communications Co., Limited (‘BoCom’) The Group’s investment in BoCom is classified as an associate. Significant influence in BoCom was established via representation on BoCom’s Board of Directors and participation in a technical cooperation and exchange programme (‘TCEP’). Under the TCEP, a number of HSBC staff have been seconded to assist in the maintenance of BoCom’s financial and operating policies. Investments in associates are recognised using the equity method of accounting in accordance with IAS 28, whereby the investment is initially recognised at cost and adjusted thereafter for the post-acquisition change in the Group’s share of BoCom’s net assets. An impairment test is required if there is any indication of impairment. Impairment testing At 31 December 2018, the fair value of HSBC’s investment in BoCom had been below the carrying amount for approximately 80 months. As a result, the Group performed an impairment test on the carrying amount of the investment in BoCom, which confirmed there was no impairment at 31 December 2018 as the recoverable amount as determined by a value-in-use (‘VIU’) calculation was higher than the carrying value. At 31 Dec 2018 At 31 Dec 2017 VIU Carrying value Fair VIU Carrying value Fair $bn $bn $bn $bn $bn $bn Bank of Communications Co., Limited 18.0 17.8 11.0 18.3 18.1 10.5 I n future periods, the VIU may increase or decrease depending on the effect of changes to model inputs. The main model inputs are described below and are based on factors observed at the period-end. The factors that could result in a change in the VIU and an impairment include a short-term underperformance by BoCom, a change in regulatory capital requirements, or an increase in uncertainty regarding the future performance of BoCom resulting in a downgrade of the future asset growth or profitability. An increase in the discount rate as a result of an increase in the risk premium or risk-free rates could also result in a reduction of VIU and an impairment. At the point where the carrying value exceeds the VIU, impairment would be recognised. If the Group did not have significant influence in BoCom, the investment would be carried at fair value rather than the current carrying value. Basis of recoverable amount The impairment test was performed by comparing the recoverable amount of BoCom, determined by a VIU calculation, with its carrying amount. The VIU calculation uses discounted cash flow projections based on management’s estimates of future earnings available to ordinary shareholders prepared in accordance with IAS 36. Significant management judgement is required in arriving at the best estimate. There are two main components to the VIU calculation. The first component is management’s best estimate of BoCom’s earnings which is based on management’s explicit forecasts over the short to medium term. This results in forecast earnings growth that is lower than recent historical actual growth and also reflects the uncertainty arising from the current economic outlook. Earnings beyond the short to medium term are then extrapolated in perpetuity using a long-term growth rate to derive a terminal value, which comprises the majority of the VIU. The second component is the capital maintenance charge (‘CMC’) which is management’s forecast of the earnings that need to be withheld in order for BoCom to meet regulatory capital requirements over the forecast period (i.e. CMC is deducted when arriving at management’s estimate of future earnings available to ordinary shareholders). The principal inputs to the CMC calculation include estimates of asset growth, the ratio of risk-weighted assets to total assets, and the expected minimum regulatory capital requirements. An increase in the CMC as a result of a change to these principal inputs would reduce VIU. Additionally, management considers other factors (including qualitative factors) to ensure that the inputs to the VIU calculation remain appropriate. Key assumptions in value-in-use calculation We used a number of assumptions in our VIU calculation, in accordance with the requirements of IAS 36: • Long-term profit growth rate: 3% (2017: 3% ) for periods after 2022, which does not exceed forecast GDP growth in mainland China and is consistent with forecasts by external analysts. • Long-term asset growth rate: 3% (2017: 3% ) for periods after 2022, which is the rate that assets are expected to grow to achieve long-term profit growth of 3% . • Discount rate: 11.82% (2017: 11.85% ), which is based on a capital asset pricing model (‘CAPM’) calculation for BoCom, using market data. Management also compares rates derived from the CAPM with discount rates from external sources. The discount rate used was within the range of 10.4% to 15.0% (2017: 10.2% to 13.4% ) indicated by external sources. • Loan impairment charge as a percentage of customer advances: an increased range from 0.73% to 0.79% (2017: 0.66% to 0.82% ) in the short to medium term reflect US-China trade tensions. For periods after 2022, the ratio is 0.70% (2017: 0.70% ), which is slightly higher than the historical average. • Risk-weighted assets as a percentage of total assets: 62% (2017: 62% ) for all forecast periods. This is slightly higher than BoCom’s actual results and slightly lower than the forecasts disclosed by external analysts. • Cost-income ratio: ranges from 38.7% to 39.0% (2017: 37.1% to 38.0% ) in the short to medium term. This is consistent with the forecasts disclosed by external analysts. • Effective tax rate: ranges from 13.8% to 22.3% (2017: 18.2% to 22.5% ) in the short to medium term, reflecting an expected increase towards the long-term assumption. For periods after 2022, the rate is 22.5% (2017: 22.5% ), which is slightly higher than the historical average. • Regulatory capital requirements: capital adequacy ratio of 11.5% (2017: 11.5% ) and tier 1 capital adequacy ratio of 9.5% (2017: 9.5% ), based on the minimum regulatory requirements. The following table shows the change to each key assumption in the VIU calculation that on its own would reduce the headroom to nil. Key assumption Changes to key assumption to reduce headroom to nil • Long-term profit growth rate • decreases by 13 basis points • Long-term asset growth rate • increases by 12 basis points • Discount rate • increases by 16 basis points • Loan impairment charge as a percentage of customer advances • increases by 2 basis points • Risk-weighted assets as a percentage of total assets • increases by 77 basis points • Cost-income ratio • increases by 50 basis points • Long-term effective tax rate • increases by 123 basis points • Regulatory capital requirements – capital adequacy ratio • increases by 14 basis points • Regulatory capital requirements – tier 1 capital adequacy ratio • increases by 75 basis points The following table further illustrates the impact on VIU of reasonably possible changes to key assumptions. This reflects the sensitivity of the VIU to each key assumption on its own and it is possible that more than one favourable and/or unfavourable change will occur at the same time. The selected rates of reasonably possible changes to key assumptions are largely based on external analysts’ forecasts, which can change from period to period. Sensitivity of VIU to reasonably possible changes in key assumptions Favourable change Unfavourable change Increase VIU Decrease VIU bps $bn $bn bps $bn $bn At 31 Dec 2018 Long-term profit growth rate 100 2.6 20.6 (10 ) (0.2 ) 17.8 Long-term asset growth rate (10 ) 0.3 18.3 100 (2.8 ) 15.3 Discount rate (142 ) 3.2 21.3 28 (0.5 ) 17.5 Loan impairment charge as a percentage of customer advances 2018-22: 0.70% 0.9 18.9 2018-22: 0.83% (1.0 ) 17.0 Risk-weighted assets as a percentage of total assets (140 ) 0.5 18.6 80 (0.3 ) 17.8 Cost-income ratio (160 ) 1.1 19.2 200 (1.4 ) 16.7 Long term effective tax rate (280 ) 0.7 18.7 250 (0.6 ) 17.5 Earnings in short to medium term – compound annual growth rate 1 204 1.6 19.6 (366 ) (2.5 ) 15.5 Regulatory capital requirements – capital adequacy ratio — — 18.0 258 (5.0 ) 13.0 Regulatory capital requirements - tier 1 capital adequacy ratio — — 18.0 243 (3.2 ) 14.8 At 31 Dec 2017 Long-term profit growth rate 200 6.6 24.9 — — 18.3 Long-term asset growth rate (20 ) 0.5 18.9 200 (7.1 ) 11.2 Discount rate (35 ) 0.7 19.1 65 (1.2 ) 17.1 Loan impairment charge as a percentage of customer advances 2017-20: 0.71% 0.1 18.5 2017-20: 0.90% (1.3 ) 17.0 Risk-weighted assets as a percentage of total assets (60 ) 0.2 18.6 30 (0.1 ) 18.2 Cost-income ratio (173 ) 1.5 19.8 — — 18.3 Long-term effective tax rate (120 ) 0.3 18.6 250 (0.67 ) 17.7 Earnings in short to medium term – compound annual growth rate 1 288 2.8 21.1 (311 ) (3.6 ) 14.7 Regulatory capital requirements – capital adequacy ratio — — 18.3 248 (5.6 ) 12.7 Regulatory capital requirements – tier 1 capital adequacy ratio — — 18.3 234 (3.5 ) 14.8 1 Based on management’s explicit forecasts over the short to medium term. Considering the interrelationship of the changes set out in the table above, management estimates that the reasonably possible range of VIU is $15.5b n to $19.6 bn (2017: $14.7b n to $21.1b n). In 2018, the range is based on the favourable/unfavourable change in the earnings in the short to medium-term and long-term LICs set out in the table above. All other long-term assumptions, the discount rate and the basis of the CMC have been kept unchanged when determining the reasonably possible range of the VIU. Selected financial information of BoCom The statutory accounting reference date of BoCom is 31 December. For the year ended 31 December 2018, HSBC included the associate’s results on the basis of the financial statements for the 12 months ended 30 September 2018, taking into account changes in the subsequent period from 1 October 2018 to 31 December 2018 that would have materially affected the results. Selected balance sheet information of BoCom At 30 Sep 2018 2017 Footnotes $m $m Cash and balances at central banks 125,414 146,029 Loans and advances to banks and other financial institutions 102,980 120,403 Loans and advances to customers 686,951 662,706 Other financial assets 408,136 386,067 Other assets 42,106 58,202 Total assets 1,365,587 1,373,407 Deposits by banks and other financial institutions 304,395 366,993 Customer accounts 829,539 747,882 Other financial liabilities 94,900 123,751 Other liabilities 36,332 32,568 Total liabilities 1,265,166 1,271,194 Total equity 1 100,421 102,213 1 Due to the adoption of IFRS9, the opening equity of BoCom at 1 January 2018 was reduced by $4,053m . Reconciliation of BoCom’s total shareholders’ equity to the carrying amount in HSBC’s consolidated financial statements At 30 Sep 2018 2017 $m $m HSBC’s share of total shareholders’ equity 17,275 17,551 Goodwill and other intangible assets 479 506 Carrying amount 17,754 18,057 Selected income statement information of BoCom For the 12 months ended 30 Sep 2018 2017 $m $m Net interest income 19,295 19,080 Net fee and commission income 6,245 5,698 Change in expected credit losses/loan impairment charges (5,602 ) (4,286 ) Depreciation and amortisation (767 ) (1,342 ) Tax expense (1,554 ) (2,234 ) Profit for the year 11,116 10,288 Other comprehensive income 190 (624 ) Total comprehensive income 11,306 9,664 Dividends received from BoCom 611 565 Summarised aggregate financial information for all associates excluding BoCom 2018 2017 $m $m Carrying amount 4,482 4,520 HSBC’s share of: – total assets 20,470 20,625 – total liabilities 15,675 16,119 – revenues 959 1,051 – profit or loss from continuing operations 487 487 Joint ventures At 31 December 2018, the carrying amount of HSBC’s interests in joint ventures was $163m (2017: $167m ). Associates and joint ventures For the year ended 31 December 2018, HSBC’s share of associates’ and joint ventures’ tax on profit was $306m (2017: $440m ). This is included within ‘Share of profit in associates and joint ventures’ in the ‘Consolidated income statement’. Movements in interests in associates and joint ventures 2018 2017 Footnotes $m $m As at 31 Dec 2017 22,744 20,029 Impact on transition to IFRS 9 (942 ) N/A At 1 Jan 21,802 20,029 Additions 81 60 Disposals (85 ) (67 ) Share of results 2,536 2,375 Dividends (910 ) (740 ) Exchange differences (1,018 ) 1,144 Share of other comprehensive income of associates and joint ventures (64 ) (43 ) Other movements 65 (14 ) At 31 Dec 1 22,407 22,744 1 Includes goodwill of $511m (2017: $521m ). 20 Structured entities HSBC is mainly involved with both consolidated and unconsolidated structured entities through the securitisation of financial assets, conduits and investment funds, established either by HSBC or a third party. Consolidated structured entities Total assets of HSBC’s consolidated structured entities, split by entity type Conduits Securitisations HSBC Other Total $bn $bn $bn $bn $bn At 31 Dec 2018 9.2 5.7 6.5 4.4 25.8 At 31 Dec 2017 12.9 4.8 7.0 3.2 27.9 Conduits HSBC has established and manages two types of conduits: securities investment conduits (‘SICs’) and multi-seller conduits. Securities investment conduits The SICs purchase highly rated ABSs to facilitate tailored investment opportunities. • At 31 December 2018 , Solitaire, HSBC’s principal SIC, held $2.3b n of ABSs ( 2017 : $3.2b n). These are included within the disclosures of ABSs on page 161 . It is currently funded entirely by commercial paper (‘CP’) issued to HSBC. Although HSBC continues to provide a liquidity facility, Solitaire has no need to draw on it as long as HSBC purchases its issued CP, which HSBC intends to do for the foreseeable future. At 31 December 2018 , HSBC held $3.4b n of CP ( 2017 : $4.6b n). • Mazarin is funded by medium-term notes, and is no longer funded by repurchase agreements. HSBC’s primary exposure to Mazarin is represented by the amortised cost of the debt required to support the non-cash assets of the vehicles. At 31 December 2018 , this amounted to $0.5b n ( 2017 : $0.9b n). The first loss protection is provided through the capital notes issued by the vehicle, which are held substantially by third parties. • Barion and Malachite’s clean-up redemption conditions were triggered in March 2018 and August 2018 respectively, resulting in the full redemption of these vehicles. Multi-seller conduit HSBC’s multi-seller conduit was established to provide access to flexible market-based sources of finance for its clients. Currently, HSBC bears risk equal to the transaction-specific facility offered to the multi-seller conduit, amounting to $16.1b n at 31 December 2018 ( 2017 : $15.7b n). First loss protection is provided by the originator of the assets, and not by HSBC, through transaction-specific credit enhancements. A layer of secondary loss protection is provided by HSBC in the form of programme-wide enhancement facilities. Securitisations HSBC uses structured entities to securitise customer loans and advances it originates in order to diversify its sources of funding for asset origination and capital efficiency purposes. The loans and advances are transferred by HSBC to the structured entities for cash or synthetically through credit default swaps, and the structured entities issue debt securities to investors. HSBC managed funds HSBC has established a number of money market and non-money market funds. Where it is deemed to be acting as principal rather than agent in its role as investment manager, HSBC controls these funds. Other HSBC has entered into a number of transactions in the normal course of business, which include asset and structured finance transactions where it has control of the structured entity. In addition, HSBC is deemed to control a number of third-party managed funds through its involvement as a principal in the funds. Unconsolidated structured entities The term ‘unconsolidated structured entities’ refers to all structured entities not controlled by HSBC. The Group enters into transactions with unconsolidated structured entities in the normal course of business to facilitate customer transactions and for specific investment opportunities. Nature and risks associated with HSBC interests in unconsolidated structured entities Securitisations HSBC managed funds Non-HSBC managed funds Other Total Total asset values of the entities ($m) 0–500 76 243 906 79 1,304 500–2,000 10 56 570 5 641 2,000–5,000 1 17 230 — 248 5,000–25,000 — 5 90 1 96 25,000+ — 2 10 — 12 Number of entities at 31 Dec 2018 87 323 1,806 85 2,301 $bn $bn $bn $bn $bn Total assets in relation to HSBC’s interests in the unconsolidated structured entities 3.8 8.3 8.9 4.7 25.7 – trading assets — 0.1 0.3 1.3 1.7 – financial assets designated and otherwise mandatorily measured at fair value — 7.3 7.9 — 15.2 – loans and advances to customers 3.8 — 0.3 2.7 6.8 – financial investments — 0.9 0.4 0.3 1.6 – other assets — — — 0.4 0.4 Total liabilities in relation to HSBC’s interests in the unconsolidated structured entities — — — 0.2 0.2 – other liabilities — — — 0.2 0.2 Other off-balance sheet commitments 0.8 0.1 3.3 1.0 5.2 HSBC’s maximum exposure at 31 Dec 2018 4.6 8.4 12.2 5.5 30.7 Total asset values of the entities ($m) 0–500 78 321 930 210 1,539 500–2,000 6 56 578 3 643 2,000–5,000 — 17 235 — 252 5,000–25,000 2 10 104 1 117 25,000+ — 2 11 — 13 Number of entities at 31 Dec 2017 86 406 1,858 214 2,564 $bn $bn $bn $bn $bn Total assets in relation to HSBC’s interests in the unconsolidated structured entities 4.0 9.1 9.3 4.1 26.5 – trading assets — 0.2 0.2 2.4 2.8 – financial assets designated at fair value — 8.0 8.3 — 16.3 – loans and advances to banks — — — 0.1 0.1 – loans and advances to customers 4.0 — — 1.1 5.1 – financial investments — 0.9 0.8 0.1 1.8 – other assets — — — 0.4 0.4 Total liabilities in relation to HSBC’s interests in the unconsolidated structured entities — — — 0.3 0.3 – other liabilities — — — 0.3 0.3 Other off-balance sheet commitments — 0.1 2.2 0.3 2.6 HSBC’s maximum exposure at 31 Dec 2017 4.0 9.2 11.5 4.4 29.1 The maximum exposure to loss from HSBC’s interests in unconsolidated structured entities represents the maximum loss it could incur as a result of its involvement with these entities regardless of the probability of the loss being incurred. • For commitments, guarantees and written credit default swaps, the maximum exposure to loss is the notional amount of potential future losses. • For retained and purchased investments in and loans to unconsolidated structured entities, the maximum exposure to loss is the carrying value of these interests at the balance sheet reporting date. The maximum exposure to loss is stated gross of the effects of hedging and collateral arrangements that HSBC has entered into in order to mitigate the Group's exposure to loss. Securitisations HSBC has interests in unconsolidated securitisation vehicles through holding notes issued by these entities. In addition, HSBC has investments in ABSs issued by third-party structured entities, as set out on page 160 . HSBC managed funds HSBC establishes and manages money market funds and non-money market investment funds to provide customers with investment opportunities. Further information on funds under management is provided on page 87 . HSBC, as fund manager, may be entitled to receive management and performance fees based on the assets under management. HSBC may also retain units in these funds. Non-HSBC managed funds HSBC purchases and holds units of third-party managed funds in order to facilitate business and meet customer needs. Other HSBC has established structured entities in the normal course of business, such as structured credit transactions for customers, to provide finance to public and private sector infrastructure projects, and for asset and structured finance transactions. In addition to the interests disclosed above, HSBC enters into derivative contracts, reverse repos and stock borrowing transactions with structured entities. These interests arise in the normal course of business for the facilitation of third-party transactions and risk management solutions. HSBC sponsored structured entities The amount of assets transferred to and income received from such sponsored structured entities during 2018 and 2017 were not significant. 39 HSBC Holdings’ subsidiaries, joint ventures and associates In accordance with section 409 of the Companies Act 2006 a list of HSBC Holdings plc subsidiaries, joint ventures and associates, the registered office address and the effective percentage of equity owned at 31 December 2018 are disclosed below. Unless otherwise stated, the share capital comprises ordinary or common shares that are held by Group subsidiaries. The ownership percentage is provided for each undertaking. The undertakings below are consolidated by HSBC unless otherwise indicated. Subsidiaries Subsidiaries % of share class held by immediate parent company (or by the Group where this varies) Footnotes ACN 087 652 113 Pty Limited (in liquidation) 100.00 16 Almacenadora Banpacifico S.A. (in liquidation) 99.99 18 Assetfinance December (F) Limited 100.00 19 Assetfinance December (H) Limited 100.00 19 Assetfinance December (M) Limited 100.00 19 Assetfinance December (P) Limited 100.00 19 Assetfinance December (R) Limited 100.00 19 Assetfinance June (A) Limited 100.00 19 Assetfinance June (D) Limited 100.00 19 Assetfinance Limited 100.00 19 Assetfinance March (B) Limited 100.00 20 Assetfinance March (D) Limited 100.00 19 Assetfinance March (F) Limited 100.00 19 Assetfinance September (F) Limited 100.00 19 Assetfinance September (G) Limited 100.00 19 B&Q Financial Services Limited 100.00 21 Banco Nominees (Guernsey) Limited 100.00 22 Banco Nominees 2 (Guernsey) Limited 100.00 22 Banco Nominees Limited 100.00 23 Bank of Bermuda (Cayman) Limited 100.00 24 Beau Soleil Limited Partnership n/a 7, 25 Beijing Miyun HSBC Rural Bank Company Limited 100.00 12, 26 Billingsgate Nominees Limited 100.00 19 Canada Crescent Nominees (UK) Limited 100.00 19 Canada Square Nominees (UK) Limited 100.00 19 Canada Water Nominees (UK) Limited (in liquidation) 100.00 19 Capco/Cove, Inc. 100.00 27 Card-Flo #1, Inc. 100.00 28 Card-Flo #3, Inc. 100.00 29 CC&H Holdings LLC n/a 7, 30 CCF & Partners Asset Management Limited 99.99 19 CCF Charterhouse GmbH & Co Asset Leasing KG (in liquidation) n/a 7, 31 CCF Charterhouse GmbH (in liquidation) 100.00 (99.99) 4, 31 CCF Holding (LIBAN) S.A.L. (in liquidation) 74.99 1, 32 Charterhouse Administrators (D.T.) Limited 100.00 (99.99) 19 Charterhouse Development Limited (in liquidation) 100.00 36 Charterhouse Management Services Limited 100.00 (99.99) 19 Charterhouse Pensions Limited 100.00 19 Chongqing Dazu HSBC Rural Bank Company Limited 100.00 12, 33 Chongqing Fengdu HSBC Rural Bank Company Limited 100.00 12, 34 Chongqing Rongchang HSBC Rural Bank Company Limited 100.00 12, 35 CL Residential Limited (in liquidation) 100.00 36 COIF Nominees Limited n/a 7, 19 Cordico Management AG 100.00 37 Corhold Limited 100.00 38 Corsair IV Financial Services Capital Partners n/a 7, 49 Dalian Pulandian HSBC Rural Bank Company Limited 100.00 12, 39 Decision One Mortgage Company, LLC n/a 7, 40 Dem 5 100.00 (99.99) 4, 41 Dem 9 100.00 (99.99) 4, 41 Dempar 1 100.00 (99.99) 4, 42 Dempar 4 100.00 (99.99) 4, 42 Desarrollo Turistico, S.A. de C.V. (in liquidation) 99.99 18 Elysees GmbH (in liquidation) 100.00 (99.99) 11, 31 Elysées Immo Invest 100.00 (99.99) 4, 43 Equator Holdings Limited (in liquidation) 100.00 19 Subsidiaries % of share class held by immediate parent company (or by the Group where this varies) Footnotes Eton Corporate Services Limited 100.00 22 Far East Leasing SA (in liquidation) 100.00 44 Fdm 5 SAS 100.00 (99.99) 4, 41 FEPC Leasing Ltd. (in liquidation) 100.00 3, 45 Finanpar 2 100.00 (99.99) 4, 43 Finanpar 7 100.00 (99.99) 4, 43 Flandres Contentieux S.A. 100.00 (99.99) 1, 4, 46 Foncière Elysées 100.00 (99.99) 4, 42 Forward Trust Rail Services Limited (in liquidation) 100.00 19 Fujian Yongan HSBC Rural Bank Company Limited 100.00 12, 47 Fulcher Enterprises Company Limited 100.00 (62.14) 48 Fundacion HSBC, A.C. 99.99 1, 11, 18 Giller Ltd. 100.00 27 Global Payments Technology Mexico S.A. De C.V. 100.00 (99.99) 18 GPIF Co-Investment, LLC n/a 7, 29 Griffin International Limited 100.00 19 Grundstuecksgesellschaft Trinkausstrasse Kommanditgesellschaft n/a 7, 50 Grupo Financiero HSBC, S. A. de C. V. 99.99 18 Guangdong Enping HSBC Rural Bank Company Limited 100.00 12, 51 Hang Seng (Nominee) Limited 100.00 (62.14) 48 Hang Seng Bank (China) Limited 100.00 (62.14) 12, 54 Hang Seng Bank (Trustee) Limited 100.00 (62.14) 48 Hang Seng Bank Limited 62.14 48 Hang Seng Bullion Company Limited 100.00 (62.14) 48 Hang Seng Credit Limited 100.00 (62.14) 48 Hang Seng Data Services Limited 100.00 (62.14) 48 Hang Seng Finance Limited 100.00 (62.14) 48 Hang Seng Financial Information Limited 100.00 (62.14) 48 Hang Seng Futures Limited (in liquidation) 100.00 (62.14) 48 Hang Seng Indexes Company Limited 100.00 (62.14) 48 Hang Seng Insurance Company Limited 100.00 (62.14) 48 Hang Seng Investment Management Limited 100.00 (62.14) 48 Hang Seng Investment Services Limited 100.00 (62.14) 48 Hang Seng Life Limited 100.00 (62.14) 48 Hang Seng Real Estate Management Limited 100.00 (62.14) 48 Hang Seng Securities Limited 100.00 (62.14) 48 Hang Seng Security Management Limited 100.00 (62.14) 48 Hang Seng Qianhai Fund Management Company Limited 70.00 (43.49) 12, 189 Haseba Investment Company Limited 100.00 (62.14) 48 HFC Bank Limited (in liquidation) 100.00 36 Hg Janus A Co-Invest L.P. n/a 7, 210 High Time Investments Limited 100.00 (62.14) 48 HITG Administration GmbH 100.00 55 Honey Green Enterprises Ltd. 100.00 56 Hongkong International Trade Finance (Holdings) Limited (in liquidation) 100.00 19 Household Capital Markets LLC n/a 7, 29 Household Finance Corporation III 100.00 29 Household International Europe Limited (in liquidation) 100.00 3, 36 Household Pooling Corporation 100.00 58 HRMG Nominees Limited 100.00 22 HSBC (BGF) Investments Limited 100.00 19 HSBC (General Partner) Limited 100.00 2, 60 HSBC (Guernsey) GP PCC Limited 100.00 22 HSBC (Kuala Lumpur) Nominees Sdn Bhd 100.00 61 HSBC (Malaysia) Trustee Berhad 100.00 62 HSBC (Singapore) Nominees Pte Ltd 100.00 63 Subsidiaries % of share class held by immediate parent company (or by the Group where this varies) Footnotes HSBC Administradora de Inversiones S.A. 100.00 (99.65) 64 HSBC Agency (India) Private Limited 100.00 65 HSBC Alpha Funding (UK) Holdings LP (in liquidation) n/a 7, 66 HSBC Alternative Investments Limited 100.00 19 HSBC Amanah Malaysia Berhad 100.00 61 HSBC Amanah Takaful (Malaysia) Berhad 49.00 9, 61 HSBC Americas Corporation (Delaware) 100.00 29 HSBC Argentina Holdings S.A. 100.00 67 HSBC Asia Holdings (UK) Limited 100.00 19 HSBC Asia Holdings B.V. 100.00 3, 19 HSBC Asia Holdings Limited 100.00 2, 68 HSBC Asia Pacific Holdings (UK) Limited 100.00 5, 19 HSBC Asset Finance (UK) Limited 100.00 19 HSBC Asset Finance Holdings Limited (in liquidation) 100.00 19 HSBC Asset Finance M.O.G. Holdings (UK) Limited 100.00 19 HSBC Asset Management (India) Private Limited 100.00 (99.99) 3, 69 HSBC Assurances Vie (France) 100.00 (99.99) 4, 46 HSBC Australia Holdings Pty Limited 100.00 3, 5, 16 HSBC Bank (Chile) 100.00 70 HSBC Bank (China) Company Limited 100.00 12, 71 HSBC Bank (General Partner) Limited 100.00 60 HSBC Bank (Mauritius) Limited 100.00 72 HSBC Bank (RR) (Limited Liability Company) 100.00 13, 73 HSBC Bank (Singapore) Limited 100.00 63 HSBC Bank (Taiwan) Limited 100.00 74 HSBC Bank (Uruguay) S.A. 100.00 75 HSBC Bank (Vietnam) Ltd. 100.00 76 HSBC Bank A.S. 100.00 77 HSBC Bank Argentina S.A. 100.00 (99.99) 67 HSBC Bank Armenia cjsc 70.00 78 HSBC Bank Australia Limited 100.00 16 HSBC Bank Bermuda Limited 100.00 23 HSBC Bank Canada 100.00 3, 79 HSBC Bank Capital Funding (Sterling 1) LP n/a 7, 60 HSBC Bank Capital Funding (Sterling 2) LP n/a 7, 60 HSBC Bank Egypt S.A.E 94.54 80 HSBC Bank Malaysia Berhad 100.00 61 HSBC Bank Malta p.l.c. 70.03 81 HSBC Bank Middle East Limited 100.00 5, 82 HSBC Bank Middle East Limited, Representative Office Morocco SARL 100.00 83 HSBC Bank Nominee (Jersey) Limited 100.00 85 HSBC Bank Oman S.A.O.G. 51.00 86 HSBC Bank Pension Trust (UK) Limited 100.00 19 HSBC Bank plc 100.00 3, 19 HSBC Bank Polska S.A. 100.00 3, 87 HSBC Bank USA, National Association 100.00 3, 88 HSBC Branch Nominee (UK) Limited 100.00 19 HSBC Brasil Holding S.A. 100.00 89 HSBC Brasil S.A. Banco De Investimento 100.00 89 HSBC Broking Forex (Asia) Limited 100.00 68 HSBC Broking Futures (Asia) Limited 100.00 68 HSBC Broking Futures (Hong Kong) Limited 100.00 68 HSBC Broking Securities (Asia) Limited 100.00 68 HSBC Broking Securities (Hong Kong) Limited 100.00 68 HSBC Broking Services (Asia) Limited 100.00 68 HSBC Canadian Covered Bond (Legislative) GP Inc 100.00 90 HSBC Canadian Covered Bond (Legislative) Guarantor Limited Partnership n/a 7, 90 HSBC Capital (USA), Inc. 100.00 29 HSBC Capital Funding (Dollar 1) L.P. n/a 7, 60 HSBC Capital Limited 100.00 68 HSBC Card Services Inc. 100.00 29 Subsidiaries % of share class held by immediate parent company (or by the Group where this varies) Footnotes HSBC Casa de Bolsa, S.A. de C.V., Grupo Financiero HSBC 99.99 18 HSBC Cayman Services Limited 100.00 92 HSBC City Funding Holdings 100.00 19 HSBC Client Holdings Nominee (UK) Limited 100.00 19 HSBC Client Share Offer Nominee (UK) Limited 100.00 19 HSBC Columbia Funding, LLC n/a 7, 29 HSBC Corporate Advisory (Malaysia) Sdn Bhd 100.00 61 HSBC Corporate Finance (Hong Kong) Limited 100.00 68 HSBC Corporate Trustee Company (UK) Limited 100.00 19 HSBC Custody Nominees (Australia) Limited 100.00 16 HSBC Custody Services (Guernsey) Limited 100.00 22 HSBC Daisy Investments (Mauritius) Limited 100.00 94 HSBC Diversified Loan Fund General Partner Sarl n/a 7, 95 HSBC Electronic Data Processing (Guangdong) Limited 100.00 12, 96 HSBC Electronic Data Processing (Malaysia) Sdn Bhd 100.00 97 HSBC Electronic Data Processing (Philippines), Inc. 99.99 98 HSBC Electronic Data Processing India Private Limited 100.00 99 HSBC Electronic Data Processing Lanka (Private) Limited 100.00 100 HSBC Electronic Data Service Delivery (Egypt) S.A.E. 100.00 101 HSBC Enterprise Investment Company (UK) Limited 100.00 19 HSBC Epargne Entreprise (France) 100.00 (99.99) 4, 46 HSBC Equator (UK) Limited (in liquidation) 100.00 19 HSBC Equipment Finance (UK) Limited 100.00 19 HSBC Equity (UK) Limited 100.00 19 HSBC Europe B.V. 100.00 19 HSBC Executor & Trustee Company (UK) Limited 100.00 19 HSBC Factoring (France) 100.00 (99.99) 4, 42 HSBC Finance (Brunei) Berhad 100.00 102 HSBC Finance (Netherlands) 100.00 2, 19 HSBC Finance Corporation 100.00 29 HSBC Finance Limited 100.00 19 HSBC Finance Mortgages Inc. 100.00 103 HSBC Finance Transformation (UK) Limited 100.00 2, 19 HSBC Financial Services (Lebanon) s.a.l. 99.60 104 HSBC Financial Services (Middle East) Limited (in liquidation) 100.00 105 HSBC Financial Services (Uruguay) S.A. (in liquidation) 100.00 106 HSBC France 99.99 4, 42 HSBC Fund Services (Korea) Limited 92.95 108 HSBC Funding (UK) Holdings (active proposal to strike off) 100.00 19 HSBC Germany Holdings GmbH 100.00 50 HSBC Global Asset Management (Bermuda) Limited 100.00 3, 23 HSBC Global Asset Management (Canada) Limited 100.00 79 HSBC Global Asset Management (Deutschland) GmbH 100.00 (80.67) 50 HSBC Global Asset Management (France) 100.00 (99.99) 4, 110 HSBC Global Asset Management (Hong Kong) Limited 100.00 25 HSBC Global Asset Management (International) Limited (in |
Strategic Report
Strategic Report | 12 Months Ended |
Dec. 31, 2018 | |
Disclosure Of Information Included In The Strategic Report [Abstract] | |
Disclosure of information included in the strategic report | Our global businesses Our operating model consists of four global businesses and a Corporate Centre, supported by HSBC Operations, Services and Technology, and 11 global functions, including risk, finance, compliance, legal, marketing and human resources. Retail Banking and Wealth Management (‘RBWM’) Commercial Banking (‘CMB’) Global Banking and Markets (‘GB&M’) Global Private Banking (‘GPB’) We help 38 million customers across the world to manage their finances, buy their homes, and save and invest for the future. Our HSBC Premier and Advance propositions are aimed at mass affluent and emerging affluent customers who value international connectivity. For customers with simpler banking needs, we offer a full range of products and services reflecting local requirements. We support approximately 1.5 million business customers in 53 countries and territories, ranging from small enterprises focused primarily on their domestic markets, through to large companies operating globally. Our services include working capital, term loans, payment services and international trade facilitation, as well as expertise in mergers and acquisitions, and access to financial markets. We serve approximately 4,100 clients in more than 50 countries and territories. We support major government, corporate and institutional clients worldwide. Our product specialists continue to deliver a comprehensive range of transaction banking, financing, advisory, capital markets and risk management services. We serve high net worth and ultra high net worth individuals and families, including those with international banking needs. Services provided include Investment Management, which includes advisory and brokerage services, and Private Wealth Solutions, which comprises trusts and estate planning, to protect and preserve wealth for future generations. Adjusted profit before tax < > (2017: $6.5bn) (2017: $6.8bn) (2017: $5.8bn) (2017: $0.3bn) $7.1bn $7.7bn $6.1bn $0.3bn Adjusted risk-weighted assets < > (31 Dec 2017: $118.1bn) (31 Dec 2017: $289.8bn) (31 Dec 2017: $293.2bn) (31 Dec 2017: $15.8bn) $126.9bn $321.2bn $281.0bn $16.8bn < > Our global businesses are presented on an adjusted basis, which is consistent with the way in which we assess the performance of our global businesses. Delivery against Group financial targets Return on tangible equity < > 8.6% Target: >11% by 2020 Adjusted jaws < > (1.2)% Target: positive Dividends per ordinary share in respect of 2018 $0.51 Target: sustain (2017: 6.8%) Ñ For further details, see page 17 . HSBC Holdings plc 3 Retail Banking and Wealth Management Key events – In RBWM, we grew active customers by 1.2 million in 2018 through our continued investments in strategic initiatives to drive growth in key markets and through lending products. We grew our mortgage book by over $20b n in the UK and Hong Kong, strengthening our position in these markets. We increased credit card issuances by 24% , notably in the UK, Mexico, the US and Hong Kong. – We upgraded our wealth proposition in Asia through the launch of HSBC Life in Hong Kong, the improvement of our wealth investment capability for mobile banking in China, and the enhancement of our wealth product offering in Hong Kong for high net worth investors. – We listened to our customers and have acted on feedback to improve product features and have made it easier for customers to bank with us through digital transformation. The PayMe app in Hong Kong processes three million transactions per month and the Connected Money app in the UK has had more than 200,000 downloads since its launch in May 2018. Financial performance Adjusted profit before tax of $7.1bn was $0.6bn or 9% higher, reflecting revenue growth, partly offset by higher operating expenses. Adjusted revenue of $21.9bn was $1.7bn or 8% higher, with an increase in Retail Banking partly offset by Wealth Management. Revenue growth was strong in Hong Kong and the UK in particular, with notable increases in India and mainland China, and in our Latin American markets. In Retail Banking, revenue was up $1.8bn or 13% . This reflecte d improved deposit margins from rising interest rates, together with deposit balance growth of $21b n or 3% and lending balance growth of $31b n or 9% . These factors were partly offset by mortgage margin compression from higher funding costs, primarily in Hong Kong and the UK. In Wealth Management, revenue was down $0.1bn or 2% due to net adverse movements in market impacts of $0.6b n in life insurance manufacturing. In Wealth Management: – life insurance manufacturing revenue decreased by $0.2bn or 11% , reflecting adverse movements in market impacts of $0.3b n in 2018, compared with a favourable movement of $0.3b n in 2017. This was partly offset by growth in the value of new business written ( $0.2b n) and favourable actuarial assumption changes and experience variances ($ 0.2 bn); and – investment distribution revenue increased by $0.1bn due to higher sales of insurance products and bonds. Revenue from the sale of equity and mutual funds was stable as strong trading conditions in the first half of the year were offset by a slowdown in the second half of the year. In 2018, the credit quality of our loan portfolio remained stable at 34 basis points of average gross loans. Adjusted ECL of $1.2bn mainly related to charges in Mexico, the UK and Asia, notably against unsecured lending. In the UK, ECL also included charges related to the current economic uncertainty. This compared with adjusted LICs of $1.0bn in 2017, notably related to charges in Mexico, the UK and Hong Kong against unsecured lending balances. Adjusted operating expenses of $13.7bn were $0.9bn or 7% higher. This primarily reflected a $0.6b n increase relating to investments, including $0.4b n in marketing and digital capabilities to help deliver improved customer service, and $0.1b n in staff to support business growth, particularly in the UK, Hong Kong, mainland China (including the Pearl River Delta) and the US. Management view of adjusted revenue<> Footnotes 2018 2017 $m 2016 $m 2018 vs 2017 $m % Retail Banking 15,262 13,456 12,690 1,806 13 Current accounts, savings and deposits 8,534 6,296 5,186 2,238 36 Personal lending 6,728 7,160 7,504 (432 ) (6 ) – mortgages 1,937 2,372 2,585 (435 ) (18 ) – credit cards 2,880 2,886 3,018 (6 ) — – other personal lending 23 1,911 1,902 1,901 9 — Wealth Management 6,104 6,215 5,230 (111 ) (2 ) – investment distribution 24 3,383 3,279 2,902 104 3 – life insurance manufacturing 1,656 1,870 1,362 (214 ) (11 ) – asset management 1,065 1,066 966 (1 ) — Other 25 569 549 563 20 4 Net operating income 26 21,935 20,220 18,483 1,715 8 Adjusted RoRWA (%) 27 5.8 5.6 4.7 RoTE excluding significant items and UK bank levy (%) 21.0 21.6 16.3 Ñ For footnotes, see page 89 . Change in adjusted profit before tax +9% 18 HSBC Holdings plc Commercial Banking Key events – In CMB, we achieved double-digit growth in revenue and profit before tax. Growth was broadly based, with revenue increases across all major products and regions. – We continued to improve customer experience and satisfaction, surveying over 18,000 customers across 40 markets in 2018 through the ‘Moments of Truth’ programme. Through this programme we improved global scores across key customer interactions and have driven improvements through more than 100 actions taken to address customer feedback. Through these client surveys we have seen a 17% year-on-year increase in customers reporting they have had a good or better onboarding experience. – We continued to invest in our digital capabilities and we simplified online journeys on HSBCnet for around 41,000 clients across 36 countries. We also halved average onboarding times for our relationship-managed customers, and completed landmark trade transactions on the Voltron and we.trade platforms. – We increased sustainable financing through both facilitation (green bonds and equity capital markets) and growth in financing (green loans and leases). In 2018, CMB contributed over $4b n towards the Group’s sustainable financing target. Financial performance Adjusted profit before tax of $7.7bn was $0.8bn or 12% higher, driven by increased revenue, partly offset by higher operating expenses. ECL of $ 0.7 bn in 2018 compared with LICs of $ 0.5 bn in 2017. Adjusted revenue of $14.9bn was $1.6bn or 12% higher with increases in all products, most notably GLCM. – In GLCM, revenue was $1.0 bn or 22% higher, with growth across all regions. The increase was mainly in Hong Kong from wider margins, and in the UK from wider margins and average balance sheet growth. In C&L, revenue growth of $0.2 bn or 5% reflected average balance sheet growth in the UK and Hong Kong, partly offset by margin compression. In addition, revenue increased by $44 m or 2% in GTRF despite challenging market conditions, with growth reflecting higher average balances in Asia and the UK. – Revenue growth was primarily in Asia (up 18% ), mainly from increases in Hong Kong (up 21% ) and mainland China (up 22% ), as well as in the UK (up 10% ). There was also notable revenue growth in the US (up 7% ), Canada (up 8% ), Latin America (up 20% ) and MENA (up 5% ). – Corporate customer value from our international subsidiary banking proposition grew by 19% *. Adjusted ECL were $0.7bn in 2018, reflecting charges across most regions, including a charge in the UK related to uncertainty in the economic outlook, partly offset by releases in North America. This compared with adjusted LICs of $0.5bn in 2017, which reflected charges in Asia, the UK, Mexico and the UAE, partly offset by net releases in North America. Adjusted operating expenses of $6.5bn were $0.5bn or 9% higher, reflecting increased staff costs (up $0.2b n), including higher performance-related pay. In addition, we continued to increase our investment in digital capabilities (up $0.1b n), improvements in operational efficiency and customer experience, as well as regulatory and compliance. Management view of adjusted revenue<> Footnotes 2018 2017 $m 2016 $m 2018 vs 2017 $m % Global Trade and Receivables Finance 1,865 1,821 1,833 44 2 Credit and Lending 5,342 5,101 5,053 241 5 Global Liquidity and Cash Management 5,802 4,775 4,249 1,027 22 Markets products, Insurance and Investments and Other 28 1,876 1,550 1,521 326 21 Net operating income 26 14,885 13,247 12,656 1,638 12 Adjusted RoRWA (%) 27 2.5 2.4 2.2 RoTE excluding significant items and UK bank levy (%) 14.0 14.0 13.0 Ñ For footnotes, see page 89 . Change in adjusted profit before tax +12% * Analysis relates to corporate client income, which includes total income from GB&M synergy products, including foreign exchange and debt capital markets. This measure differs from reported revenue in that it excludes Business Banking and Other and internal cost of funds. HSBC Holdings plc 19 Global Banking and Markets Key events – In GB&M, we are making good progress with our strategic plan, increasing revenue and profit before tax while reducing risk-weighted assets by 4% . In 2018, performance was particularly strong in transaction banking products, with continued growth in GLCM (up 20% ) and Securities Services (up 11% ). We have continued to expand the product offerings and capabilities from our securities joint venture in China. – We acted as the sole green structuring adviser on a $1.25b n green sukuk bond for the Republic of Indonesia, the first ever international offering of green securities by an Asian sovereign. Financial performance Adjusted profit before tax of $6.1bn was $0.2bn or 4% higher, reflecting increased revenue and a $26m release of ECL in 2018, compared with LICs of $0.4bn in 2017. This was partly offset by higher operating expenses as we continued to invest in the business. We have continued to deliver RWA savings, with net reductions of 4% ( $12b n), including savings from management initiatives of $30b n during 2018. This reduction was partly offset by targeted lending growth. With effect from the fourth quarter of 2018, interest earned on capital deployed, which was previously disclosed within 'Other' revenue, has been allocated to product lines. The 2017 comparatives have been re-presented on the new basis, with no effect on total adjusted revenue. Adjusted revenue of $15.5bn was $0.2bn or 1% higher, and included a net favourable movement of $0.1bn on credit and funding valuation adjustments. The increase in revenue primarily reflected the strength of our transaction banking franchises, which more than offset the effects of economic uncertainty and reduced client activity. – GLCM recorded double-digit growth (up $0.4bn or 20% ) as we increased average balances by 4% through continued momentum in winning client mandates, and from favourable interest rate movements, notably in Asia. – Securities Services revenue rose $0.2bn or 11% as we grew average assets under management and average assets under custody from increased client mandates, growth in equity markets early in 2018, and higher interest rates. – Global Banking revenue increased $67m or 2% as growth in secured lending balances, gains on corporate lending restructuring and lower adverse movements on portfolio hedges were partly offset in our capital markets businesses, due to challenging market conditions and narrower spreads. – GTRF revenue grew by 7% as we grew average lending balances while also reducing risk-weighted assets. This was partly offset by the following: – Global Markets revenue decreased by $0.5bn or 7% as economic uncertainty and reduced primary issuance led to subdued client activity and spread compression, which resulted in lower revenue in Rates (down $0.7bn or 31% ) and Credit (down $0.2bn or 19% ). This was partly offset by higher revenue in Foreign Exchange (up $0.4bn or 15% ), from increased volatility in emerging markets. – Principal Investments revenue fell by $0.1bn or 31% from lower gains on mark-to-market revaluation of investments, and on asset sales, compared with 2017. Net adjusted ECL releases of $26m in 2018 related to releases against a small number of clients in the US and Europe, notably in the oil and gas sector, partly offset by charges in the UK against exposures in the retail and construction sectors. In 2017, adjusted LICs of $0.4bn were primarily against two large corporate exposures in Europe. Adjusted operating expenses increased $0.5bn or 5% , as cost-saving initiatives were more than offset by investment in business growth and efficiency initiatives, and in regulatory programmes. We also incurred higher revenue-related taxes and costs. Management view of adjusted revenue<> Footnotes 2018 2017 $m 2016 $m 2018 vs 2017 $m % Global Markets 6,490 7,009 6,731 (519 ) (7 ) – FICC 5,271 5,714 5,720 (443 ) (8 ) Foreign Exchange 3,022 2,622 2,777 400 15 Rates 1,482 2,147 2,148 (665 ) (31 ) Credit 767 945 795 (178 ) (19 ) – Equities 1,219 1,295 1,011 (76 ) (6 ) Securities Services 1,973 1,772 1,577 201 11 Global Banking 4,115 4,048 3,819 67 2 Global Liquidity and Cash Management 2,645 2,213 1,884 432 20 Global Trade and Receivables Finance 809 757 689 52 7 Principal Investments 224 327 221 (103 ) (31 ) Credit and funding valuation adjustments 29 (183 ) (262 ) (55 ) 79 30 Other 30,31 (561 ) (579 ) (59 ) 18 3 Net operating income 26,31 15,512 15,285 14,807 227 1 Adjusted RoRWA (%) 27 2.1 2.0 1.8 RoTE excluding significant items and UK bank levy (%) 10.5 10.6 10.2 Ñ For footnotes, see page 89 . Change in adjusted profit before tax +4% 20 HSBC Holdings plc Global Private Banking Key events – In GPB, revenue increased by 10% in key markets targeted for growth, mostly in Asia (up 18% ). We have added 101 new revenue generating employees globally, with 71 in Asia. – We were named Best Private Bank in both Hong Kong and the UK at the PWM/The Banker Private Banking awards 2018 . – We had net new money inflows of $15b n in key markets targeted for growth, of which almost 60% came from collaboration with our other global businesses. In 2018, one in every three new GPB client relationships was introduced by CMB. Financial performance Adjusted profit before tax of $344m was $48m or 16% higher, reflecting revenue growth and a net release of ECL. This was partly offset by higher operating expenses. Adjusted revenue of $1.8bn increased by $62m or 4% , mainly in Hong Kong from higher deposit revenue as margins widened following interest rate rises, and from higher investment revenue from strong mandate flows. Other income decreased including lower revenue following client repositioning. In 2018, there was a net release of adjusted ECL of $8m . This compared with adjusted LICs of $16m in 2017. Adjusted operating expenses of $1.4bn were $38m or 3% higher, due to higher staff costs, reflecting investment to support growth, mainly in Asia. Management view of adjusted revenue<> Footnotes 2018 2017 $m 2016 $m 2018 vs 2017 $m % Investment revenue 717 700 738 17 2 Lending 391 393 420 (2 ) (1 ) Deposit 497 404 345 93 23 Other 180 226 267 (46 ) (20 ) Net operating income 26 1,785 1,723 1,770 62 4 Adjusted RoRWA (%) 27 2.1 1.9 1.7 RoTE excluding significant items and UK bank levy (%) 9.9 7.1 5.6 Ñ For footnotes, see page 89 . Change in adjusted profit before tax +16% Corporate Centre 32 Financial performance Adjusted profit before tax of $0.5bn was $1.1bn or 67% lower, reflecting lower revenue and higher ECL, partly offset by lower operating expenses. We recorded negative adjusted revenue of $0.2bn in 2018 compared with adjusted revenue of $1.2bn in 2017. This reduction reflected lower revenue in Central Treasury and legacy portfolios, and a reduction in Other income. Central Treasury revenue was $1.1bn lower, reflecting: – higher interest expense on debt issued by HSBC Holdings (up $0.4bn ), from an increase in issuances and higher average cost of debt issued; – lower revenue in Balance Sheet Management (‘BSM’) (down $0.3bn ), mainly from de-risking activities undertaken during 2017 in anticipation of interest rate rises, lower reinvestment yields and lower gains on disposals; – adverse fair value movements of $0.3bn in 2018 compared with favourable movements of $0.1bn in 2017, relating to the economic hedging of interest rate and exchange rate risk on our long-term debt with long-term derivatives; and – a $0.2bn loss arising from adverse swap mark-to-market movements following a bond reclassification under IFRS 9 ‘Financial Instruments’. Revenue from legacy portfolios was down $0.1bn , reflecting losses on disposals. Other income decreased by $0.2bn , mainly from the adverse effects of hyperinflation accounting in Argentina. Adjusted ECL releases of $0.1bn in 2018 and net adjusted LICs releases of $0.2bn in 2017 were both primarily related to our legacy credit portfolio. Adjusted operating expenses of $1.9bn were $0.2bn or 9% lower due to the favourable impact of hyperinflation accounting in Argentina and lower costs in relation to the run-off of the CML portfolio, which was completed during 2017. Adjusted income from associates increased by $0.1 bn or 4% . Our associate, The Saudi British Bank, announced a merger agreement with Alawwal Bank in Saudi Arabia. The merger, subject to shareholder and regulatory approval, is expected to be completed in 2019 and would dilute HSBC’s shareholding in the merged bank from 40% to 29.2% . Management view of adjusted revenue<> Footnotes 2018 2017 $m 2016 $m 2018 vs 2017 $m % Central Treasury 33 662 1,728 1,706 (1,066 ) (62 ) Legacy portfolios (93 ) (26 ) 26 (67 ) >(100) Other 34 (746 ) (516 ) (188 ) (230 ) (45 ) Net operating income 26 (177 ) 1,186 1,544 (1,363 ) (115 ) RoTE excluding significant items and UK bank levy (%) (5.7 )% (5.2 )% (1.9 )% Ñ For footnotes, see page 89 . HSBC Holdings plc 21 Remuneration for our executive Directors Our remuneration policy for executive Directors was approved at our 2016 Annual General Meeting (‘AGM’) and is intended to apply for three performance years until the AGM in 2019. We will be putting forward a new remuneration policy for shareholder approval at the AGM. Details of the proposed policy can be found on page 220 . The table below shows the amount our executive Directors earned in 2018. For details of Directors’ pay and performance for 2018, see the Directors’ remuneration report on page 217 . (in £000) Base salary Fixed pay allowance Cash in lieu of pension Annual incentive AML DPA Award 38 LTI 39 Sub-total Taxable benefits Non-taxable benefits Notional returns Total John Flint 40 2018 1,028 1,459 308 1,665 — — 4,460 40 28 54 4,582 2017 — — — — — — — — — — — Stuart Gulliver 41,43 2018 171 241 51 282 1,530 — 2,275 65 6 41 2,387 2017 1,250 1,700 375 2,127 — — 5,452 500 71 63 6,086 Iain Mackay 42,43 2018 700 950 210 1,088 1,057 — 4,005 80 44 33 4,162 2017 700 950 210 1,334 — — 3,194 64 37 42 3,337 Marc Moses 2018 700 950 210 1,324 695 — 3,879 13 38 33 3,963 2017 700 950 210 1,358 — — 3,218 16 38 42 3,314 Ñ For footnotes, see page 89 . HSBC Holdings plc 33 |
Non-statutory accounts
Non-statutory accounts | 12 Months Ended |
Dec. 31, 2018 | |
Corporate Information And Statement Of IFRS Compliance [Abstract] | |
Non-statutory accounts | 40 Non-statutory accounts The information set out in these accounts does not constitute the Company’s statutory accounts for the years ended 31 December 2018 or 2017. Those accounts have been reported on by the Company’s auditors: their reports were unqualified and did not contain a statement under Section 498(2) or (3) of the Companies Act 2006. The accounts for 2017 have been delivered to the Registrar of Companies and those for 2018 will be delivered in due course. |
Report of the Directors
Report of the Directors | 12 Months Ended |
Dec. 31, 2018 | |
Report Of The Directors Strategic Report [Abstract] | |
Disclosure of audited information included in report of directors strategic report | Summary (Audited) The Group Chief Executive and the rest of the Group Management Board (‘GMB’) review operating activity on a number of bases, including by global business and geographical region. Global businesses are our reportable segments under IFRS 8 ‘Operating Segments’. Basis of preparation The Group Chief Executive, supported by the rest of the GMB, is considered the Chief Operating Decision Maker (‘CODM’) for the purposes of identifying the Group’s reportable segments. Global business results are assessed by the CODM on the basis of adjusted performance that removes the effects of significant items and currency translation from reported results. We therefore present these results on an adjusted basis as required by IFRSs. The 2017 and 2016 adjusted performance information is presented on a constant currency basis as described on page 34. As required by IFRS 8, reconciliations of the total adjusted global business results to the Group reported results are presented on page 65. Supplementary reconciliations from reported to adjusted results by global business are presented on pages 67 to 69 for information purposes. A description of the global businesses is provided in the Strategic Report, pages 3 and 18 to 21 . Analysis of adjusted results by global business (Audited) HSBC adjusted profit before tax and balance sheet data 2018 Retail Commercial Global Global Corporate Centre Total Footnotes $m $m $m $m $m $m Net operating income before change in expected credit losses and other credit impairment charges 26 21,935 14,885 15,512 1,785 (177 ) 53,940 – external 17,270 14,652 17,986 1,497 2,535 53,940 – inter-segment 4,665 233 (2,474 ) 288 (2,712 ) — of which: net interest income/(expense) 15,822 10,666 5,259 888 (2,199 ) 30,436 Change in expected credit losses and other credit impairment charges (1,177 ) (739 ) 26 8 115 (1,767 ) Net operating income/(expense) 20,758 14,146 15,538 1,793 (62 ) 52,173 Total operating expenses (13,711 ) (6,477 ) (9,460 ) (1,449 ) (1,893 ) (32,990 ) Operating profit/(loss) 7,047 7,669 6,078 344 (1,955 ) 19,183 Share of profit in associates and joint ventures 33 — — — 2,503 2,536 Adjusted profit before tax 7,080 7,669 6,078 344 548 21,719 % % % % % % Share of HSBC’s adjusted profit before tax 32.6 35.3 28.0 1.6 2.5 100.0 Adjusted cost efficiency ratio 62.5 43.5 61.0 81.2 (1,069.5 ) 61.2 Adjusted balance sheet data $m $m $m $m $m $m Loans and advances to customers (net) 361,872 333,162 244,978 39,217 2,467 981,696 Interests in associates and joint ventures 397 — — — 22,010 22,407 Total external assets 476,784 360,216 1,012,272 43,790 665,062 2,558,124 Customer accounts 640,924 357,596 290,914 64,658 8,551 1,362,643 Adjusted risk-weighted assets (unaudited) 64 126,865 321,244 281,021 16,824 118,550 864,504 2017 Net operating income before loan impairment charges and other credit risk provisions 26 20,220 13,247 15,285 1,723 1,186 51,661 – external 17,024 13,378 16,557 1,453 3,249 51,661 – inter-segment 3,196 (131 ) (1,272 ) 270 (2,063 ) — of which: net interest income/(expense) 13,927 9,060 4,851 825 (481 ) 28,182 Loan impairment charges and other credit risk provisions/(recoveries) (969 ) (465 ) (446 ) (16 ) 183 (1,713 ) Net operating income 19,251 12,782 14,839 1,707 1,369 49,948 Total operating expenses (12,786 ) (5,953 ) (8,991 ) (1,411 ) (2,090 ) (31,231 ) Operating profit/(loss) 6,465 6,829 5,848 296 (721 ) 18,717 Share of profit in associates and joint ventures 14 — — — 2,402 2,416 Adjusted profit before tax 6,479 6,829 5,848 296 1,681 21,133 % % % % % % Share of HSBC’s adjusted profit before tax 30.6 32.3 27.7 1.4 8.0 100.0 Adjusted cost efficiency ratio 63.2 44.9 58.8 81.9 176.2 60.5 Adjusted balance sheet data $m $m $m $m $m $m Loans and advances to customers (net) 332,261 305,213 244,476 39,597 7,294 928,841 Interests in associates and joint ventures 363 — — — 21,656 22,019 Total external assets 451,516 336,163 946,747 46,247 662,364 2,443,037 Customer accounts 621,092 351,617 273,080 64,957 10,883 1,321,629 Adjusted risk-weighted assets (unaudited) 64 118,131 289,824 293,135 15,795 128,795 845,680 For footnotes, see page 89 . HSBC adjusted profit before tax and balance sheet data (continued) 2016 Retail Commercial Global Global Corporate Centre Total Footnotes $m $m $m $m $m $m Net operating income before loan impairment charges and other credit risk provisions 26 18,483 12,656 14,807 1,770 1,544 49,260 – external 16,050 12,656 17,488 1,512 1,554 49,260 – inter-segment 2,433 — (2,681 ) 258 (10 ) — of which: net interest income 12,906 8,506 4,800 813 1,176 28,201 Loan impairment charges and other credit risk provisions (1,101 ) (986 ) (461 ) — (24 ) (2,572 ) Net operating income 17,382 11,670 14,346 1,770 1,520 46,688 Total operating expenses (12,144 ) (5,747 ) (8,846 ) (1,484 ) (1,926 ) (30,147 ) Operating profit/(loss) 5,238 5,923 5,500 286 (406 ) 16,541 Share of profit in associates and joint ventures 20 — — — 2,345 2,365 Adjusted profit before tax 5,258 5,923 5,500 286 1,939 18,906 % % % % % % Share of HSBC’s adjusted profit before tax 27.8 31.3 29.1 1.5 10.3 100.0 Adjusted cost efficiency ratio 65.7 45.4 59.7 83.8 124.7 61.2 Adjusted balance sheet data $m $m $m $m $m $m Loans and advances to customers (net) 312,393 285,253 230,171 36,222 12,331 876,370 Interests in associates and joint ventures 391 — — — 19,635 20,026 Total external assets 421,559 309,905 949,732 43,663 692,740 2,417,599 Customer accounts 595,765 346,746 261,949 71,389 14,344 1,290,193 Adjusted risk-weighted assets (unaudited) 64 111,617 276,705 301,728 15,418 149,680 855,148 For footnotes, see page 89 . Reconciliation of reported and adjusted items (Audited) Adjusted results reconciliation 2018 2017 2016 Adjusted Significant items Reported Adjusted Currency translation Significant items Reported Adjusted Currency translation Significant items Reported Footnotes $m $m $m $m $m $m $m $m $m $m $m Revenue 26 53,940 (160 ) 53,780 51,661 (133 ) (83 ) 51,445 49,260 803 (2,097 ) 47,966 ECL (1,767 ) — (1,767 ) N/A N/A N/A N/A N/A N/A N/A N/A LICs N/A N/A N/A (1,713 ) (56 ) — (1,769 ) (2,572 ) (24 ) (804 ) (3,400 ) Operating expenses (32,990 ) (1,669 ) (34,659 ) (31,231 ) 143 (3,796 ) (34,884 ) (30,147 ) (361 ) (9,300 ) (39,808 ) Share of profit in associates 2,536 — 2,536 2,416 (41 ) — 2,375 2,365 (10 ) (1 ) 2,354 Profit/(loss) before tax 21,719 (1,829 ) 19,890 21,133 (87 ) (3,879 ) 17,167 18,906 408 (12,202 ) 7,112 For footnotes, see page 89 . Adjusted balance sheet reconciliation 2018 2017 2016 Reported and adjusted Adjusted Currency translation Reported Adjusted Currency translation Reported $m $m $m $m $m $m $m Loans and advances to customers (net) 981,696 928,841 34,123 962,964 876,370 (14,866 ) 861,504 Interests in associates and joint ventures 22,407 22,019 725 22,744 20,026 3 20,029 Total external assets 2,558,124 2,443,037 78,734 2,521,771 2,417,599 (42,613 ) 2,374,986 Customer accounts 1,362,643 1,321,629 42,833 1,364,462 1,290,193 (17,807 ) 1,272,386 Adjusted profit reconciliation 2018 2017 2016 Footnotes $m $m $m Year ended 31 Dec Adjusted profit before tax 21,719 21,133 18,906 Significant items (1,829 ) (3,879 ) (12,202 ) – customer redress programmes (revenue) 53 (108 ) 2 – disposals, acquisitions and investment in new businesses (revenue) (113 ) 274 264 – fair value movements on financial instruments 65, 66 (100 ) (245 ) (2,453 ) – costs of structural reform (361 ) (420 ) (223 ) – costs to achieve — (3,002 ) (3,118 ) – customer redress programmes (operating expenses) (146 ) (655 ) (559 ) – disposals, acquisitions and investment in new businesses (operating expenses) (52 ) (53 ) (1,087 ) – disposals, acquisitions and investment in new businesses (LICs) — — (748 ) – gain on partial settlement of pension obligation — 188 — – impairment of GPB – Europe goodwill — — (3,240 ) – past service costs of guaranteed minimum pension benefits equalisation (228 ) — — – restructuring and other related costs (66 ) — — – settlements and provisions in connection with legal and other regulatory matters (816 ) 198 (1,025 ) – disposals, acquisitions and investment in new businesses (share of profit in associates and joint ventures) — — (1 ) – currency translation on significant items (56 ) (14 ) Currency translation (87 ) 408 Reported profit before tax 19,890 17,167 7,112 For footnotes, see page 89 . |
Report Of The Directors Financi
Report Of The Directors Financial Review Risk Report | 12 Months Ended |
Dec. 31, 2018 | |
Report Of The Directors Financial Review Risk Report [Abstract] | |
Disclosure of audited information included in report of the directors risk report | Credit risk management Details of changes in our credit risk profile in 2018 can be found on page 127 , in ‘Key developments and risk profile in 2018’. There were no material changes to the policies and practices for the management of credit risk in 2018. Adoption of IFRS 9 ‘Financial Instruments’ HSBC adopted the requirements of IFRS 9 ‘Financial Instruments’ on 1 January 2018, with the exception of the provisions relating to the presentation of gains and losses on financial liabilities designated at fair value, which were adopted on 1 January 2017. The adoption of IFRS 9 did not result in any significant change to HSBC's business model, or that of our four global businesses. This included our strategy, country presence, product offerings and target customer segments. We have established credit risk management processes and we actively assess the impact of economic developments in key markets on specific customers, customer segments or portfolios. If we foresee changes in credit conditions, we take mitigating action, including the revision of risk appetites or limits and tenors, as appropriate. In addition, we continue to evaluate the terms under which we provide credit facilities within the context of individual customer requirements, the quality of the relationship, local regulatory requirements, market practices and our local market position. As a result of IFRS 9 adoption, management has additional insight and measures not previously utilised which, over time, may influence our risk appetite and risk management processes. IFRS 9 process The IFRS 9 process comprises three main areas: modelling and data; implementation; and governance . Modelling and data Prior to the implementation of IFRS 9, the Risk function had pre-existing Basel and behavioural scorecards in most geographies. These were then enhanced or supplemented to address the IFRS 9 requirements, with the appropriate governance and independent review. Implementation A centralised impairment engine performs the expected credit loss (‘ECL’) calculation using data, which is subject to a number of validation checks and enhancements, from a variety of client, finance and risk systems. Where possible, these checks and processes are performed in a globally consistent and centralised manner. Governance A series of regional management review forums has been established in key sites and regions in order to review and approve the impairment results. Regional management review forums have representatives from Credit Risk and Finance. The key site and regional approvals are reported up to the global business impairment committee for final approval of the Group’s ECL for the period. Required members of the committee are the global heads of Wholesale Credit, Market Risk, and Retail Banking and Wealth Management ('RBWM') Risk, as well as the global business CFOs and the Group Chief Accounting Officer. Credit risk sub-function (Audited) Credit approval authorities are delegated by the Board to the Group Chief Executive together with the authority to sub-delegate them. The Credit Risk sub-function in Global Risk is responsible for the key policies and processes for managing credit risk, which include formulating Group credit policies and risk rating frameworks, guiding the Group’s appetite for credit risk exposures, undertaking independent reviews and objective assessment of credit risk, and monitoring performance and management of portfolios. The principal objectives of our credit risk management are: • to maintain across HSBC a strong culture of responsible lending, and robust risk policies and control frameworks; • to both partner and challenge our businesses in defining, implementing and continually re-evaluating our risk appetite under actual and scenario conditions; and • to ensure there is independent, expert scrutiny of credit risks, their costs and their mitigation. Concentration of exposure (Audited) Concentrations of credit risk arise when a number of counterparties or exposures have comparable economic characteristics, or such counterparties are engaged in similar activities or operate in the same geographical areas or industry sectors so that their collective ability to meet contractual obligations is uniformly affected by changes in economic, political or other conditions. We use a number of controls and measures to minimise undue concentration of exposure in our portfolios across industries, countries and global businesses. These include portfolio and counterparty limits, approval and review controls, and stress testing. Credit quality of financial instruments (Audited) Our risk rating system facilitates the internal ratings-based approach under the Basel framework adopted by the Group to support the calculation of our minimum credit regulatory capital requirement. The five credit quality classifications each encompass a range of granular internal credit rating grades assigned to wholesale and retail lending businesses, and the external ratings attributed by external agencies to debt securities. For debt securities and certain other financial instruments, external ratings have been aligned to the five quality classifications based upon the mapping of related customer risk rating (‘CRR’) to external credit rating. Wholesale lending The CRR 10-grade scale summarises a more granular underlying 23-grade scale of obligor probability of default (‘PD’). All corporate customers are rated using the 10- or 23-grade scale, depending on the degree of sophistication of the Basel approach adopted for the exposure. Each CRR band is associated with an external rating grade by reference to long-run default rates for that grade, represented by the average of issuer-weighted historical default rates. This mapping between internal and external ratings is indicative and may vary over time. Retail lending Previously, we disclosed retail lending credit quality under IAS 39, which was based on expected-loss percentages. Now, retail lending credit quality is disclosed on an IFRS 9 basis, which is based on a 12-month point-in-time (‘PIT’) probability-weighted probability of default (‘PD’). Credit quality classification Sovereign debt securities and bills Other debt securities and bills Wholesale lending and derivatives Retail lending Footnotes External credit rating External credit rating Internal credit rating 12-month Basel probability of default % Internal credit rating 12 month probability- weighted PD % Quality classification Strong 1,2 BBB and above A- and above CRR 1 to CRR 2 0 – 0.169 Band 1 and 2 0.000 - 0.500 Good BBB- to BB BBB+ to BBB- CRR 3 0.170 – 0.740 Band 3 0.501 - 1.500 Satisfactory BB- to B and unrated BB+ to B and unrated CRR 4 to CRR 5 0.741 – 4.914 Band 4 and 5 1.501 - 20.000 Sub-standard B- to C B- to C CRR 6 to CRR 8 4.915 – 99.999 Band 6 20.001 - 99.999 Credit impaired Default Default CRR 9 to CRR 10 100 Band 7 100 For footnotes, see page 192 . Quality classification definitions • ‘Strong’ exposures demonstrate a strong capacity to meet financial commitments, with negligible or low probability of default and/or low levels of expected loss. • ‘Good’ exposures require closer monitoring and demonstrate a good capacity to meet financial commitments, with low default risk. • ‘Satisfactory’ exposures require closer monitoring and demonstrate an average-to-fair capacity to meet financial commitments, with moderate default risk. • ‘Sub-standard’ exposures require varying degrees of special attention and default risk is of greater concern. • ‘Credit-impaired’ exposures have been assessed as described on Note 1.2(d) on the Financial Statements. Renegotiated loans and forbearance (Audited) ‘Forbearance’ describes concessions made on the contractual terms of a loan in response to an obligor’s financial difficulties. A loan is classed as ‘renegotiated’ when we modify the contractual payment terms on concessionary terms because we have significant concerns about the borrowers’ ability to meet contractual payments when due. Non-payment-related concessions (e.g. covenant waivers), while potential indicators of impairment, do not trigger identification as renegotiated loans. Loans that have been identified as renegotiated retain this designation until maturity or derecognition. For details of our policy on derecognised renegotiated loans, see Note 1.2(d) on the Financial Statements. Renegotiated loans and recognition of expected credit losses (Audited) For retail lending, unsecured renegotiated loans are generally segmented from other parts of the loan portfolio. Renegotiated expected credit loss assessments reflect the higher rates of losses typically encountered with renegotiated loans. For wholesale lending, renegotiated loans are typically assessed individually. Credit risk ratings are intrinsic to the impairment assessments. The individual impairment assessment takes into account the higher risk of the future non-payment inherent in renegotiated loans. Impairment assessment (Audited) For details of our impairment policies on loans and advances and financial investments, see Note 1.2(d) on the Financial Statements. Write-off of loans and advances (Audited) For details of our policy on the write-off of loans and advances, see Note 1.2(d) on the Financial Statements. Unsecured personal facilities, including credit cards, are generally written off at between 150 and 210 days past due. The standard period runs until the end of the month in which the account becomes 180 days contractually delinquent. Write-off periods may be extended, generally to no more than 360 days past due. However, in exceptional circumstances, they may be extended further. For secured facilities, write-off should occur upon repossession of collateral, receipt of proceeds via settlement, or determination that recovery of the collateral will not be pursued. Any secured assets maintained on the balance sheet beyond 60 months of consecutive delinquency-driven default require additional monitoring and review to assess the prospect of recovery. There are exceptions in a few countries where local regulation or legislation constrain earlier write-off, or where the realisation of collateral for secured real estate lending takes more time. In the event of bankruptcy or analogous proceedings, write-off may occur earlier than the maximum periods stated above. Collection procedures may continue after write-off. Value at risk (Audited) Value at risk (‘VaR’) is a technique for estimating potential losses on risk positions as a result of movements in market rates and prices over a specified time horizon and to a given level of confidence. The use of VaR is integrated into market risk management and calculated for all trading positions regardless of how we capitalise them. Where there is not an approved internal model, we use the appropriate local rules to capitalise exposures. In addition, we calculate VaR for non-trading portfolios to have a complete picture of risk. Where we do not calculate VaR explicitly, we use alternative tools as summarised in the ‘Stress testing’ section below. Our models are predominantly based on historical simulation that incorporates the following features: • historical market rates and prices, which are calculated with reference to foreign exchange rates, commodity prices, interest rates, equity prices and the associated volatilities; • potential market movements utilised for VaR, which are calculated with reference to data from the past two years; and • VaR measures, which are calculated to a 99% confidence level and use a one-day holding period. The models also incorporate the effect of option features on the underlying exposures. The nature of the VaR models means that an increase in observed market volatility will lead to an increase in VaR without any changes in the underlying positions. VaR model limitations Although a valuable guide to risk, VaR should always be viewed in the context of its limitations. For example: • Use of historical data as a proxy for estimating future events may not encompass all potential events, particularly extreme ones. • The use of a holding period assumes that all positions can be liquidated or the risks offset during that period, which may not fully reflect the market risk arising at times of severe illiquidity, when the holding period may be insufficient to liquidate or hedge all positions fully. • The use of a 99% confidence level does not take into account losses that might occur beyond this level of confidence. • VaR is calculated on the basis of exposures outstanding at the close of business and therefore does not necessarily reflect intra-day exposures. Risk not in VaR framework The risks not in VaR (‘RNIV’) framework aims to capture and capitalise material market risks that are not adequately covered in the VaR model. Risk factors are reviewed on a regular basis and are either incorporated directly in the VaR models, where possible, or quantified through the VaR-based RNIV approach or a stress test approach within the RNIV framework. The outcome of the VaR-based RNIV approach is included in the overall VaR calculation but excluded from the VaR measure used for regulatory back-testing. In addition, a stressed VaR RNIV is computed for the risk factors considered in the VaR-based RNIV approach. Stress-type RNIVs include a gap risk exposure measure, to capture risk on non-recourse margin loans, and a de-peg risk measure, to capture risk to pegged and heavily-managed currencies. Stress testing Stress testing is an important procedure that is integrated into our market risk management framework to evaluate the potential impact on portfolio values of more extreme, although plausible, events or movements in a set of financial variables. In such scenarios, losses can be much greater than those predicted by VaR modelling. Stress testing is implemented at legal entity, regional and overall Group levels. A set of scenarios is used consistently across all regions within the Group. Scenarios are tailored to capture the relevant potential events or market movements at each level. The risk appetite around potential stress losses for the Group is set and monitored against referral limits. Market risk reverse stress tests are designed to identify vulnerabilities in our portfolios by looking for scenarios that lead to loss levels considered severe for the relevant portfolio. These scenarios may be quite local or idiosyncratic in nature, and complement the systematic top-down stress testing. Stressed VaR and stress testing, together with reverse stress testing and the management of gap risk, provide management with insights regarding the ‘tail risk’ beyond VaR, for which HSBC’s appetite is limited Market risk governance (Audited) Market risk is managed and controlled through limits approved by the RMM for HSBC Holdings. These limits are allocated across business lines and to the Group’s legal entities. General HSBC Holdings Board GB&M manages market risk, where the majority of HSBC’s total VaR (excluding insurance) and almost all trading VaR resides, using risk limits approved by the RMM. VaR limits are set for portfolios, products and risk types, with market liquidity being a primary factor in determining the level of limits set. Global Risk is responsible for setting market risk management policies and measurement techniques. Each major operating entity has an independent market risk management and control sub-function, which is responsible for measuring market risk exposures, monitoring and reporting these exposures against the prescribed limits on a daily basis. The market risk limits are governed according to the framework illustrated to the left. Each operating entity is required to assess the market risks arising on each product in its business and to transfer them to either its local GB&M unit for management, or to separate books managed under the supervision of the local ALCO. Model risk is governed through Model Oversight Committees (‘MOCs’) at the regional and global Wholesale Credit and Market Risk levels. They have direct oversight and approval responsibility for all traded risk models used for risk measurement and management and stress testing. We are committed to the ongoing development of our in-house risk models. The Markets MOC reports into the Group MOC, which oversees all model risk types at Group level. The Group MOC informs the RMM about material issues at least twice a year. The RMM is the Group’s ‘Designated Committee’, according to regulatory rules, and has delegated day-to-day governance of all traded risk models to the Markets MOC. Global Risk enforces trading in permissible instruments approved for each site, new product approval procedures, restricting trading in the more complex derivative products (which are only allowed in offices with appropriate levels of product expertise), and robust control systems. q Group Chairman/ q Risk Management Meeting of the GMB q Group traded risk q Specific Entity risk management committee q Principal office manager q Business/desk/trader Insurance manufacturing operations risk management Details of changes in our insurance manufacturing operations risk profile in 2018 can be found on page 188 , under ‘Insurance manufacturing operations risk profile’. There were no material changes to our policies and practices for the management of risks arising in our insurance manufacturing operations in 2018. Governance (Audited) Insurance risks are managed to a defined risk appetite, which is aligned to the Group’s risk appetite and risk management framework, including its three lines of defence model. For details of the Group’s governance framework, see page 112 . The Global Insurance Risk Management Meeting oversees the control framework globally and is accountable to the RBWM Risk Management Meeting on risk matters relating to the insurance business. The monitoring of the risks within our insurance operations is carried out by insurance risk teams. Specific risk functions (including Wholesale Credit and Market Risk, Operational Risk, Information Security Risk, and Compliance) support Insurance Risk teams in their respective areas of expertise. Stress and scenario testing (Audited) Stress testing forms a key part of the risk management framework for the insurance business. We participate in local and Group-wide regulatory stress tests, including the Bank of England stress test of the banking system, the Hong Kong Monetary Authority stress test, the European Insurance and Occupational Pensions Authority stress test, and individual country insurance regulatory stress tests. These have highlighted that a key risk scenario for the insurance business is a prolonged low interest rate environment. In order to mitigate the impact of this scenario, the insurance operations have taken a number of actions, including repricing some products to reflect lower interest rates, launching less capital intensive products, investing in more capital efficient assets and developing investment strategies to optimise the expected returns against the cost of economic capital. Management and mitigation of key risk types Market risk (Audited) All our insurance manufacturing subsidiaries have market risk mandates that specify the investment instruments in which they are permitted to invest and the maximum quantum of market risk that they may retain. They manage market risk by using, among others, some or all of the techniques listed below, depending on the nature of the contracts written: • We are able to adjust bonus rates to manage the liabilities to policyholders for products with discretionary participating features (‘DPF’). The effect is that a significant portion of the market risk is borne by the policyholder. • We use asset and liability matching where asset portfolios are structured to support projected liability cash flows. The Group manages its assets using an approach that considers asset quality, diversification, cash flow matching, liquidity, volatility and target investment return. It is not always possible to match asset and liability durations, due to uncertainty over the receipt of all future premiums, the timing of claims and because the forecast payment dates of liabilities may exceed the duration of the longest dated investments available. We use models to assess the effect of a range of future scenarios on the values of financial assets and associated liabilities, and ALCOs employ the outcomes in determining how best to structure asset holdings to support liabilities. • We use derivatives to protect against adverse market movements to better match liability cash flows. • For new products with investment guarantees, we consider the cost when determining the level of premiums or the price structure. • We periodically review products identified as higher risk, such as those that contain investment guarantees and embedded optionality features linked to savings and investment products, for active management. • We design new products to mitigate market risk, such as changing the investment return sharing portion between policyholders and the shareholder. • We exit, to the extent possible, investment portfolios whose risk is considered unacceptable. • We reprice premiums charged to policyholders. Credit risk (Audited) Our insurance manufacturing subsidiaries are responsible for the credit risk, quality and performance of their investment portfolios. Our assessment of the creditworthiness of issuers and counterparties is based primarily upon internationally recognised credit ratings and other publicly available information. Investment credit exposures are monitored against limits by our insurance manufacturing subsidiaries and are aggregated and reported to the Group Insurance Credit Risk and Group Credit Risk functions. Stress testing is performed on investment credit exposures using credit spread sensitivities and default probabilities. We use a number of tools to manage and monitor credit risk. These include a credit report containing a watch-list of investments with current credit concerns, primarily investments that may be at risk of future impairment or where high concentrations to counterparties are present in the investment portfolio. Sensitivities to credit spread risk are assessed and monitored regularly. Liquidity risk (Audited) Risk is managed by cash flow matching and maintaining sufficient cash resources, investing in high credit-quality investments with deep and liquid markets, monitoring investment concentrations and restricting them where appropriate, and establishing committed contingency borrowing facilities. Insurance manufacturing subsidiaries complete quarterly liquidity risk reports and an annual review of the liquidity risks to which they are exposed. Summary of financial instruments to which the impairment requirements in IFRS 9 are applied (Audited) 31 Dec 2018 At 1 Jan 2018 Gross carrying/nominal amount Allowance for ECL 5 Gross carrying/nominal amount Allowance for ECL 5 Footnotes $m $m $m $m Loans and advances to customers at amortised cost 990,321 (8,625 ) 959,080 (9,343 ) – personal 394,337 (2,947 ) 375,069 (3,047 ) – corporate and commercial 534,577 (5,552 ) 520,137 (6,053 ) – non-bank financial institutions 61,407 (126 ) 63,874 (243 ) Loans and advances to banks at amortised cost 72,180 (13 ) 82,582 (23 ) Other financial assets measured at amortised cost 582,917 (55 ) 557,864 (114 ) – cash and balances at central banks 162,845 (2 ) 180,624 (3 ) – items in the course of collection from other banks 5,787 — 6,628 — – Hong Kong Government certificates of indebtedness 35,859 — 34,186 — – reverse repurchase agreements – non-trading 242,804 — 201,553 — – financial investments 62,684 (18 ) 59,539 (16 ) – prepayments, accrued income and other assets 6 72,938 (35 ) 75,334 (95 ) Total gross carrying amount on-balance sheet 1,645,418 (8,693 ) 1,599,526 (9,480 ) Loans and other credit-related commitments 592,008 (325 ) 545,258 (376 ) – personal 207,351 (13 ) 196,093 (14 ) – corporate and commercial 271,022 (305 ) 262,391 (355 ) – non-bank financial institutions 7 113,635 (7 ) 86,774 (7 ) Financial guarantees 8 23,518 (93 ) 25,849 (97 ) – personal 927 (1 ) 718 (4 ) – corporate and commercial 17,355 (85 ) 19,965 (89 ) – non-bank financial institutions 5,236 (7 ) 5,166 (4 ) Total nominal amount off-balance sheet 9 615,526 (418 ) 571,107 (473 ) 2,260,944 (9,111 ) 2,170,633 (9,953 ) Fair value Memorandum allowance for ECL 10 Fair value Memorandum allowance for 10 $m $m $m $m Debt instruments measured at fair value through other comprehensive income (‘FVOCI’) 343,110 (84 ) 322,163 (184 ) For footnotes, see page 192 . Summary of credit risk (excluding debt instruments measured at FVOCI) by stage distribution and ECL coverage by industry sector at 31 December 2018 (Audited) Gross carrying/nominal amount 9 Allowance for ECL ECL coverage % Stage 1 Stage 2 Stage 3 POCI 11 Total Stage 1 Stage 2 Stage 3 POCI 11 Total Stage 1 Stage 2 Stage 3 POCI 11 Total $m $m $m $m $m $m $m $m $m $m % % % % % Loans and advances to customers at amortised cost 915,188 61,786 13,023 324 990,321 (1,276 ) (2,108 ) (5,047 ) (194 ) (8,625 ) 0.1 3.4 38.8 59.9 0.9 – personal 374,681 15,075 4,581 — 394,337 (534 ) (1,265 ) (1,148 ) — (2,947 ) 0.1 8.4 25.1 — 0.7 – corporate and commercial 481,262 44,779 8,212 324 534,577 (698 ) (812 ) (3,848 ) (194 ) (5,552 ) 0.1 1.8 46.9 59.9 1.0 – non-bank financial institutions 59,245 1,932 230 — 61,407 (44 ) (31 ) (51 ) — (126 ) 0.1 1.6 22.2 — 0.2 Loans and advances to banks at amortised cost 71,873 307 — — 72,180 (11 ) (2 ) — — (13 ) — 0.7 — — — Other financial assets measured at amortised cost 581,118 1,673 126 — 582,917 (27 ) (6 ) (22 ) — (55 ) — 0.4 17.5 — — Loan and other credit-related commitments 569,250 21,839 912 7 592,008 (143 ) (139 ) (43 ) — (325 ) — 0.6 4.7 — 0.1 – personal 205,183 1,760 408 — 207,351 (12 ) (1 ) — — (13 ) — 0.1 — — — – corporate and commercial 251,478 19,034 503 7 271,022 (126 ) (136 ) (43 ) — (305 ) 0.1 0.7 8.5 — 0.1 – financial 7 112,589 1,045 1 — 113,635 (5 ) (2 ) — — (7 ) — 0.2 — — — Financial guarantees 8 20,884 2,334 297 3 23,518 (19 ) (29 ) (45 ) — (93 ) 0.1 1.2 15.2 — 0.4 – personal 920 3 4 — 927 (1 ) — — — (1 ) 0.1 — — — 0.1 – corporate and commercial 15,011 2,053 288 3 17,355 (16 ) (25 ) (44 ) — (85 ) 0.1 1.2 15.3 — 0.5 – financial 4,953 278 5 — 5,236 (2 ) (4 ) (1 ) — (7 ) — 1.4 20.0 — 0.1 At 31 Dec 2018 2,158,313 87,939 14,358 334 2,260,944 (1,476 ) (2,284 ) (5,157 ) (194 ) (9,111 ) 0.1 2.6 35.9 58.1 0.4 For footnotes, see page 192 . Stage 2 days past due analysis at 31 December 2018 (Audited) Gross carrying amount Allowance for ECL ECL coverage % Of which: Of which: Of which: Of which: Of which: Of which: Stage 2 1 to 29 DPD 12 30 and > DPD 12 Stage 2 1 to 29 DPD 12 30 and > DPD 12 Stage 2 1 to 29 DPD 12 30 and > DPD 12 $m $m $m $m $m $m % % % Loans and advances to customers at amortised cost 61,786 2,554 1,914 (2,108 ) (204 ) (254 ) 3.4 8.0 13.3 – personal 15,075 1,807 1,383 (1,265 ) (165 ) (220 ) 8.4 9.1 15.9 – corporate and commercial 44,779 737 485 (812 ) (39 ) (34 ) 1.8 5.3 7.0 – non-bank financial institutions 1,932 10 46 (31 ) — — 1.6 — — Loans and advances to banks at amortised cost 307 — — (2 ) — — 0.7 — — Other financial assets measured at amortised cost 1,673 10 26 (6 ) — — 0.4 — — For footnotes, see page 192 . Credit exposure Maximum exposure to credit risk (Audited) This section provides information on balance sheet items and their offsets as well as loan and other credit-related commitments. Commentary on consolidated balance sheet movements in 2018 is provided on page 48 . The offset on derivatives remains in line with the movements in maximum exposure amounts. Maximum exposure to credit risk (Audited) 2018 Maximum exposure Offset Net $m $m $m Loans and advances to customers held at amortised cost 981,696 (29,534 ) 952,162 – personal 391,390 (3,679 ) 387,711 – corporate and commercial 529,025 (23,421 ) 505,604 – non-bank financial institutions 61,281 (2,434 ) 58,847 Loans and advances to banks at amortised cost 72,167 — 72,167 Other financial assets held at amortised cost 585,600 (21,788 ) 563,812 – cash and balances at central banks 162,843 — 162,843 – items in the course of collection from other banks 5,787 — 5,787 – Hong Kong Government certificates of indebtedness 35,859 — 35,859 – reverse repurchase agreements – non-trading 242,804 (21,788 ) 221,016 – financial investments 62,666 — 62,666 – prepayments, accrued income and other assets 75,641 — 75,641 Derivatives 207,825 (194,306 ) 13,519 Total on-balance sheet exposure to credit risk 1,847,288 (245,628 ) 1,601,660 Total off-balance sheet 874,751 — 874,751 – financial and other guarantees 94,810 — 94,810 – loan and other credit-related commitments 779,941 — 779,941 At 31 Dec 2018 2,722,039 (245,628 ) 2,476,411 Reconciliation of changes in gross carrying/nominal amount and allowances for loans and advances to banks and customers including loan commitments and financial guarantees 8 (Audited) Non-credit impaired Credit impaired Stage 1 Stage 2 Stage 3 POCI Total Gross carrying/ nominal amount Allow-ance for ECL Gross carrying/ nominal amount Allow-ance for ECL Gross carrying/ nominal amount Allow-ance for ECL Gross carrying/ nominal amount Allow-ance for ECL Gross carrying/ nominal amount Allow-ance for ECL $m $m $m $m $m $m $m $m $m $m At 1 Jan 2018 1,446,857 (1,469 ) 102,032 (2,406 ) 15,083 (5,722 ) 1,042 (242 ) 1,565,014 (9,839 ) Transfers of financial instruments: (8,747 ) (685 ) 3,582 1,185 5,165 (500 ) — — — — – transfers from stage 1 to stage 2 (84,181 ) 319 84,181 (319 ) — — — — — — – transfers from stage 2 to stage 1 77,325 (999 ) (77,325 ) 999 — — — — — — – transfers to stage 3 (2,250 ) 35 (4,439 ) 607 6,689 (642 ) — — — — – transfers from stage 3 359 (40 ) 1,165 (102 ) (1,524 ) 142 — — — — Net remeasurement of ECL arising from transfer of stage — 620 — (605 ) — (103 ) — — — (88 ) Net new and further lending/repayments 126,868 (512 ) (16,162 ) 564 (2,902 ) 733 (587 ) 42 107,217 827 Changes in risk parameters – credit quality — 423 — (1,087 ) — (2,238 ) — (51 ) — (2,953 ) Changes to model used for ECL calculation — — — — — — — — — — Assets written off — — — — (2,568 ) 2,552 (1 ) 1 (2,569 ) 2,553 Foreign exchange (52,983 ) 76 (2,863 ) 99 (636 ) 232 (26 ) 6 (56,508 ) 413 Others (156 ) 98 (348 ) (28 ) 90 (89 ) (94 ) 50 (508 ) 31 At 31 Dec 2018 1,511,839 (1,449 ) 86,241 (2,278 ) 14,232 (5,135 ) 334 (194 ) 1,612,646 (9,056 ) ECL release/(charge) for the period 531 (1,128 ) (1,608 ) (9 ) (2,214 ) Recoveries 408 Others (87 ) Total change in ECL for the period (1,893 ) For footnotes, see page 192 . At 31 Dec 2018 12 months ended 31 Dec 2018 Gross carrying/nominal amount Allowance for ECL ECL charge $m $m $m As above 1,612,646 (9,056 ) (1,893 ) Other financial assets measured at amortised cost 582,917 (55 ) 21 Non-trading reverse purchase agreement commitments 65,381 — — Summary of financial instruments to which the impairment requirements in IFRS 9 are applied/Summary consolidated income statement 2,260,944 (9,111 ) (1,872 ) Debt instruments measured at FVOCI 343,110 (84 ) 105 Total allowance for ECL/total income statement ECL charge for the period n/a (9,195 ) (1,767 ) Credit quality of financial instruments (Audited) We assess the credit quality of all financial instruments that are subject to credit risk. The credit quality of financial instruments is a point-in-time assessment of the probability of default of financial instruments, whereas IFRS 9 stages 1 and 2 are determined based on relative deterioration of credit quality since initial recognition. Accordingly, for non-credit-impaired financial instruments, there is no direct relationship between the credit quality assessment and IFRS 9 stages 1 and 2, though typically the lower credit quality bands exhibit a higher proportion in stage 2. The five credit quality classifications each encompass a range of granular internal credit rating grades assigned to wholesale and personal lending businesses and the external ratings attributed by external agencies to debt securities, as shown in the table on page 119 . Under IAS 39, personal lending credit quality was disclosed based on expected-loss percentages. Under IFRS 9, personal lending credit quality is now disclosed based on a 12-month point-in-time PD adjusted for multiple economic scenarios. The credit quality classifications for wholesale lending are unchanged and are based on internal credit risk ratings. Distribution of financial instruments by credit quality (Audited) Gross carrying/notional amount Allowance for ECL/ other credit provisions Net Strong Good Satisfactory Sub- standard Credit impaired Total $ |
Report Of The Directors Finan_2
Report Of The Directors Financial Review Capital Report | 12 Months Ended |
Dec. 31, 2018 | |
Report Of The Directors Financial Review Capital Report [Abstract] | |
Disclosure of audited information included in report of directors financial review capital report | Capital management (Audited) Our objective in the management of Group capital is to maintain appropriate levels to support our business strategy, and meet our regulatory and stress testing related requirements. Approach and policy Our approach to capital management is driven by our strategic and organisational requirements, taking into account the regulatory, economic and commercial environment. We aim to maintain a strong capital base to support the risks inherent in our business and invest in accordance with our strategy, meeting both consolidated and local regulatory capital requirements at all times. Our policy on capital management is underpinned by a capital management framework and our internal capital adequacy assessment process (‘ICAAP’), which helps enable us to manage our capital in a consistent manner. The framework incorporates a number of different capital measures calculated on an economic capital and regulatory capital basis. The ICAAP is an assessment of the Group’s capital position, outlining both regulatory and internal capital resources and requirements with HSBC’s business model, strategy, performance and planning, risks to capital, and the implications of stress testing to capital. Our assessment of capital adequacy is aligned to our assessment of risks. These risks include credit, market, operational, pensions, insurance, structural foreign exchange, residual risk and interest rate risk in the banking book. Planning and performance Capital and risk-weighted asset (‘RWA’) plans form part of the annual operating plan that is approved by the Board. Revised RWA forecasts are submitted to the GMB on a monthly basis, and reported RWAs are monitored against the plan. The responsibility for global capital allocation principles rests with the Group Chief Financial Officer. Through our internal governance processes, we seek to maintain discipline over our investment and capital allocation decisions, and seek to ensure that returns on investment meet the Group’s management objectives. Our strategy is to allocate capital to businesses and entities to support growth objectives where returns above internal hurdle levels have been identified and in order to meet their regulatory and economic capital needs. We manage business returns by using a return on tangible equity (‘RoTE’) measure and a return on average risk-weighted assets (‘RoRWA’) measure. Risks to capital Outside the stress testing framework, other risks may be identified that have the potential to affect our RWAs and/or capital position. The Downside or Upside scenarios are assessed against our capital management objectives and mitigating actions are assigned as necessary. HSBC closely monitors and considers future regulatory change. In December 2017, the Basel Committee on Banking Supervision (‘Basel’) published revisions to the Basel III framework, which introduces considerable change across the regulatory framework. Following a recalibration, Basel also published the final changes to the market risk RWA regime, the Fundamental Review of the Trading Book (‘FRTB’), in January 2019. Basel has announced that the package will be implemented on 1 January 2022, with a five-year transitional provision for the output floor, commencing at a rate of 50%. The final standards will need to be transposed into the relevant local law before coming into effect. HSBC continues to evaluate the final package. Given that the package contains a significant number of national discretions, the possible impact is uncertain. Stress testing In addition to annual internal stress tests, the Group is subject to supervisory stress testing in many jurisdictions. Supervisory stress testing requirements are increasing in frequency and in the granularity with which the results are required. These exercises include the programmes of the Prudential Regulation Authority (‘PRA’), the Federal Reserve Board, the European Banking Authority, the European Central Bank and the Hong Kong Monetary Authority, as well as stress tests undertaken in other jurisdictions. We take into account the results of regulatory stress testing and our internal stress tests when assessing our internal capital requirements. The outcome of stress testing exercises carried out by the PRA also feeds into a PRA buffer under Pillar 2 requirements, where required. Capital generation HSBC Holdings is the provider of equity capital to its subsidiaries and also provides them with non-equity capital where necessary. These investments are substantially funded by HSBC Holdings’ own capital issuance and profit retention. As part of its capital management process, HSBC Holdings seeks to maintain a prudent balance between the composition of its capital and its investment in subsidiaries. Capital Own funds disclosure (Audited) At 31 Dec 31 Dec 1 2018 2017 Ref * $m $m Common equity tier 1 (‘CET1’) capital: instruments and reserves 1 Capital instruments and the related share premium accounts 22,384 18,932 – ordinary shares 22,384 18,932 2 Retained earnings 121,180 124,679 3 Accumulated other comprehensive income (and other reserves) 3,368 9,433 5 Minority interests (amount allowed in consolidated CET1) 4,854 4,905 5a Independently reviewed interim net profits net of any foreseeable charge or dividend 3,697 608 6 Common equity tier 1 capital before regulatory adjustments 155,483 158,557 Common equity tier 1 capital: regulatory adjustments 7 Additional value adjustments (1,180 ) (1,146 ) 8 Intangible assets (net of related deferred tax liability) (17,323 ) (16,872 ) 10 Deferred tax assets that rely on future profitability excluding those arising from temporary differences (net of related tax liability) (1,042 ) (1,181 ) 11 Fair value reserves related to gains or losses on cash flow hedges 135 208 12 Negative amounts resulting from the calculation of expected loss amounts (1,750 ) (2,820 ) 14 Gains or losses on liabilities at fair value resulting from changes in own credit standing 298 3,731 15 Defined-benefit pension fund assets (6,070 ) (6,740 ) 16 Direct and indirect holdings of own CET1 instruments (40 ) (40 ) 19 Direct, indirect and synthetic holdings by the institution of the CET1 instruments of financial sector entities where the institution has a significant investment in those entities (amount above 10% threshold and net of eligible short positions) (7,489 ) (7,553 ) 28 Total regulatory adjustments to common equity tier 1 (34,461 ) (32,413 ) 29 Common equity tier 1 capital 121,022 126,144 Additional tier 1 (‘AT1’) capital: instruments 30 Capital instruments and the related share premium accounts 22,367 16,399 31 – classified as equity under IFRSs 22,367 16,399 33 Amount of qualifying items and the related share premium accounts subject to phase out from AT1 2,297 6,622 34 Qualifying tier 1 capital included in consolidated AT1 capital (including minority interests not included in CET1) issued by subsidiaries and held by third parties 1,516 1,901 35 – of which: instruments issued by subsidiaries subject to phase out 1,298 1,374 36 Additional tier 1 capital before regulatory adjustments 26,180 24,922 Additional tier 1 capital: regulatory adjustments 37 Direct and indirect holdings of own AT1 instruments (60 ) (60 ) 41b Residual amounts deducted from AT1 capital with regard to deduction from tier 2 (‘T2’) capital during the transitional period N/A (52 ) – Direct and indirect holdings by the institution of the T2 instruments and subordinated loans of financial sector entities where the institution has a significant investment in those entities N/A (52 ) 43 Total regulatory adjustments to additional tier 1 capital (60 ) (112 ) 44 Additional tier 1 capital 26,120 24,810 45 Tier 1 capital 147,142 150,954 Tier 2 capital: instruments and provisions 46 Capital instruments and the related share premium accounts 25,056 16,880 47 Amount of qualifying items and the related share premium accounts subject to phase out from T2 N/A 4,746 48 Qualifying own funds instruments included in consolidated T2 capital (including minority interests and AT1 instruments not included in CET1 or AT1) issued by subsidiaries and held by third parties 1,673 10,306 49 – of which: instruments issued by subsidiaries subject to phase out 1,585 10,236 51 Tier 2 capital before regulatory adjustments 26,729 31,932 Tier 2 capital: regulatory adjustments 52 Direct and indirect holdings of own T2 instruments (40 ) (40 ) 55 Direct and indirect holdings by the institution of the T2 instruments and subordinated loans of financial sector entities where the institution has a significant investment in those entities (net of eligible short positions) (593 ) (463 ) 57 Total regulatory adjustments to tier 2 capital (633 ) (503 ) 58 Tier 2 capital 26,096 31,429 59 Total capital 173,238 182,383 * The references identify the lines prescribed in the European Banking Authority (‘EBA’) template, which are applicable and where there is a value. For footnotes, see page 196 . Throughout 2018, we complied with the PRA’s regulatory capital adequacy requirements, including those relating to stress testing. At 31 December 2018 , our Common equity tier 1 (‘CET1’) ratio decreased to 14.0 % from 14.5% at 31 December 2017 . CET1 capital decreased during the year by $ 5.1 bn, mainly as a result of: • unfavourable foreign currency translation differences of $ 5.5 bn; • the $ 2.0 bn share buy-back; • a $1.2 bn increase in threshold deductions as a result of an increase in the value of our material holdings; and • an increase in the deduction for intangible assets of $ 1.1 bn. These decreases were partly offset by: • capital generation through profits, net of dividends and scrip of $ 3.1 bn; and • a $ 1.2 bn day one impact from transition to IFRS 9, mainly due to classification and measurement changes. Our Pillar 2A requirement at 31 December 2018, as per the PRA’s Individual Capital Guidance based on a point-in-time assessment, was 2.9% of RWAs, of which 1.6% was met by CET1. On 1 January 2019, our Pillar 2A requirement increased to 3.0% of RWAs, of which 1.7% must be met by CET1. On 4 May 2018, HSBC changed the way in which some of its capital securities are recognised in regulatory capital. The securities were previously recognised as grandfathered tier 2 capital and are now treated as fully eligible tier 2 instruments. |
Report of Directors Corporate G
Report of Directors Corporate Governance | 12 Months Ended |
Dec. 31, 2018 | |
Report Of Directors Corporate Governance [Abstract] | |
Disclosure of audited information included in report of directors corporate governance | Single figure of remuneration (Audited) The following table shows the single figure total remuneration of each executive Director for 2018, together with comparative figures Single figure of remuneration Base Fixed pay allowance Cash in lieu of pension Annual incentive AML DPA award 1 LTI 2 Sub-total Taxable benefits Non-taxable benefits Notional returns Total (£000) (£000) (£000) (£000) (£000) (£000) (£000) (£000) (£000) (£000) (£000) John Flint 3 2018 1,028 1,459 308 1,665 — — 4,460 40 28 54 4,582 2017 — — — — — — — — — — — Stuart Gulliver 4, 6 2018 171 241 51 282 1,530 — 2,275 65 6 41 2,387 2017 1,250 1,700 375 2,127 — — 5,452 500 71 63 6,086 Iain Mackay 5, 6 2018 700 950 210 1,088 1,057 — 4,005 80 44 33 4,162 2017 700 950 210 1,334 — — 3,194 64 37 42 3,337 Marc Moses 2018 700 950 210 1,324 695 — 3,879 13 38 33 3,963 2017 700 950 210 1,358 — — 3,218 16 38 42 3,314 1 60% of the 2012 annual incentive for Stuart Gulliver and Iain Mackay disclosed in the 2012 Directors’ remuneration report was deferred for five years . The vesting of these awards was subject to a service condition and satisfactory completion of the five -year deferred prosecution agreement ('AML DPA') with the US Department of Justice ('DoJ'). The AML DPA condition was satisfied in March 2018 and the awards were released to the executive Directors . For Marc Moses, the value of the award attributable to services provided as an executive Director between 1 January 2014 and the vesting date has been included in the table. 2 The first LTI award was made in February 2017, with a performance period ending in 2019. Vesting of the first LTI award will be included in the single figure table for the financial year ending on 31 December 2019. 3 John Flint succeeded Stuart Gulliver as Group Chief Executive with effect from 21 February 2018 and his remuneration in the single figure table of remuneration is in respect of services provided as an executive Director. For services rendered between 1 January 2018 and 20 February 2018, he received a salary of £ 97,139 , fixed pay allowance of £ 130,236 , cash in lieu of pension of £ 28,000 and an annual incentive award of £271,000 . 4 Stuart Gulliver stepped down from the Board on 20 February 2018 and retired from the Group on 11 October 2018. His remuneration in the single figure table of remuneration is in respect of services provided as an executive Director. Further details can be found on page 235 . 5 Iain Mackay stepped down as executive Director and Group Finance Director on 31 December 2018. 6 To meet regulatory deferral requirements for 2018, 60% of the annual incentive award of Stuart Gulliver and Iain Mackay will be deferred in awards linked to HSBC's shares and will vest in five equal instalments between the third and seventh anniversary of the grant date. On vesting the awards will be subject to a one-year retention period. The deferred awards are subject to the executive Director maintaining a good leaver status during the deferral period. Notes to the single figure of remuneration (Audited) Benefits In the single figure of remuneration table, ‘benefits’ The values of the significant benefits in the single figure table are set out in the following table. (Audited) Car benefit (UK and Hong Kong) 1 Hong Kong bank-owned accommodation 1,2 Tax expense on car benefit and Hong Kong bank-owned accommodation 1 Insurance benefit (non-taxable) 1 (£000) (£000) (£000) (£000) Stuart Gulliver 2018 — — — — 2017 — 282 164 63 1 The car benefit, Hong Kong bank-owned accommodation, tax on benefits and insurance benefits for 2018 for all executive Directors are not included in the above table as they were not significant. Taxable benefits during 2018 for Stuart Gulliver as an executive Director includes £41,711 in respect of Hong Kong bank-owned accommodation and £17,117 in respect of tax expense on car benefit and Hong Kong bank-owned accommodation. Further details regarding Stuart Gulliver's benefits between 21 February 2018 and 11 October 2018 are available on page 235 . 2 Taxable value determined based on the current market rental value of the bank-owned property in Hong Kong, as estimated by an external lease service provider, plus utility costs, rates, the taxable value of furniture and taking into account the business use of the property. Notional returns In the single figure of remuneration table above, ‘notional returns’ refers to the notional return on deferred cash for awards made prior to 2017. The deferred cash portion of the annual incentive granted prior to 2017 includes a right to receive notional returns for the period between grant date and vesting date, which is determined by reference to the dividend yield on HSBC shares, calculated annually. A payment of notional return is made annually in the same proportion as the vesting of the deferred awards on each vesting date. The amount is disclosed on a paid basis in the year in which the payment is made. No deferred cash awards have been made to executive Directors under the current policy that has been operated from the 2016 financial year. Determining executive Directors’ annual performance (Audited) Awards made to executive Directors reflected the Committee’s assessment of each of the executive Director’s performance against the objectives in their scorecards, which were agreed at the start of the year and reflect the Group’s strategic priorities and risk appetite. The Committee also consulted the Group Risk Committee and took into consideration its feedback on risk and compliance matters. In order for any annual incentive award to be made, each executive Director must achieve a required behaviour rating, The performance achieved by executive Directors in the year is shown in the table below. For John Flint and Stuart Gulliver, the scorecard outcome, as determined below, has been applied to the maximum annual incentive opportunity on a pro-rata basis, taking into account the time spent by them in the Group Chief Executive role. Annual assessment Group Chief Executive Group Finance Director Group Chief Risk Officer Weighting (%) Assessment (%) Outcome (%) Weighting (%) Assessment (%) Outcome (%) Weighting (%) Assessment (%) Outcome (%) Profit before tax 1 20.00 100.00 20.00 10.00 100.00 10.00 15.00 100.00 15.00 Positive jaws 10.00 — — 15.00 — — — — — Revenue growth 10.00 70.00 7.00 — — — — — — Capital management (RoTE) 10.00 58.75 5.88 25.00 58.75 14.69 10.00 58.75 5.88 Strategic priorities – Financials 7.50 78.53 5.89 2.50 100.00 2.50 2.50 100.00 2.50 – Other targets 17.50 96.46 16.88 22.50 98.62 22.19 12.50 94.88 11.86 Risk and compliance 25.00 80.00 20.00 25.00 95.00 23.75 60.00 89.58 53.75 Total 100.00 75.65 100.00 73.13 100.00 88.99 Maximum annual incentive opportunity (£000) £1,488 £1,488 – John Flint £2,560 – – – Stuart Gulliver £2,660 – – Annual incentive (£000) £1,088 £1,324 – John Flint (86%) £1,665 – – – Stuart Gulliver (14%) £282 – – Financial performance Annual assessment Minimum (25% payout) Maximum (100% payout) Performance Assessment Measure Profit before tax ($bn) 1 US$19.7 US$22.7 US$23.3 100.00 Positive jaws (%) Positive 1.5 (1.2 ) — Revenue growth (%) 2.0 6.0 4.4 70.00 Capital management (RoTE%) 2 9.3 11.3 10.2 58.75 Strategic priorities 3 Various Various 1 Profit before tax, as defined for Group annual bonus pool calculation. This definition excludes business disposal gains and losses, debt valuation adjustments and variable pay expense. It does however, take into account fines, penalties and costs of customer redress, which are excluded from the adjusted profit before tax. The adjusted profit before tax as per adjusted results is found on page 2 . 2 RoTE excluding significant items and bank levy. 3 Strategic priorities measures include: accelerate revenue growth from our Asian franchise, grow international revenue, turn around the US business, improve customer service, strengthen external relationships, employee engagement, talent development and diversity. Non-financial performance The table below provides an overview of the non-financial performance achieved by each executive Director. Group Chief Executive Performance Strategic priorities • Deliver HSBC’s strategy • Turn around the US business • Accelerate revenue growth from our Asian franchise • Deliver revenue growth from our international network • Improve customer satisfaction • Strengthen the Group’s external relationships • Improve employee engagement • Strengthen HSBC’s leadership cadre • Improve diversity in senior leadership • Set out strategic priorities to return HSBC to growth and create value for our shareholders. The strategy was communicated in the Strategy Update in June 2018 to investors, shareholders and employees. Execution of the strategy is underway. • RoTE in the US business at 2.7% exceeded target of 2.2%, supported by favourable expected credit losses and significant capital reductions. Commercial Banking revenue grew by 7% and transaction banking revenue in Global Banking and Markets rose 9%. • Revenue growth of 11.4% in Asia was driven by Commercial Banking as well as Retail Banking and Wealth Management, reflecting wider spreads and balance sheet growth, with double-digit revenue growth in Hong Kong, Pearl River Delta and mainland China. • Revenue growth from international clients was strong at 7.2%; transaction banking revenue grew 14%, driven by double-digit growth across Global Liquidity and Cash Management, Foreign Exchange and Securities Services. • Customer satisfaction rankings improved in key Retail Banking and Wealth Management markets (first in Mexico, Singapore and Hong Kong and second in UAE). Rankings in Commercial Banking largely remained unchanged, but required improvement with the exception of the UK (third) and Singapore (third). Customer engagement score (‘CES’) in Global Banking and Markets at 85 was at par with the CES of our competitors. In Global Private Banking, customer satisfaction declined by 0.8 points from a mean of 8.4/10 in 2017 to 7.6/10 in the client engagement programme survey. Action is being taken in all global businesses to drive customer service improvements, especially through investment in digital capability. • Positive feedback was received on interactions with investors and regulators, which found that they were conducted with high professional competence and embodying trust, respect and transparency. • Employer advocacy, as a measure of employee engagement, at the end of 2018 was 66% (2017: 64%), which represents the number of employees who would recommend HSBC as a great place to work. • Succession plans are in place for all critical leadership roles. • Exceeded diversity target with female representation in the senior leadership at 28.2%, and on track towards our 2020 aspirational target of 30% senior leadership positions to be held by women. • HSBC was recognised as the 'Most Innovative Investment Bank' by The Banker ; the 'World’s Best Bank for Transaction Services', the 'World’s Best Bank for Corporates' and 'Asia's Best Bank for Sustainable Finance' by Euromoney, and 'Best Overall Global RMB Products/Services' by Asiamoney . Risk and compliance • Successfully embed financial crime risk governance and management information through the completion of the Global Standards programme • Effectively manage material operational risks • Achieve and deliver sustainable global conduct outcomes • Comply with the 2018 FX DPA • Significant progress was made to strengthen financial crime risk management across the Group, specifically, towards achieving operational effectiveness in global businesses and regions. A strong tone from the top included an aspiration to deliver industry-leading financial crime standards as part of the Group’s strategy. Demonstrated excellent awareness and understanding of key financial crime risks and issues. Actively engaged at senior governance forums to strengthen risk management practices and controls. Continued focus is required to complete the transition to business-as-usual financial crime risk management, and further enhance the effectiveness of financial crime governance in some countries, in order to achieve sustainable operating maturity. • Implementation of the operational risk management framework was achieved with strong ownership and proactive prioritisation of management of key risks across the Group. However further work is required to embed the framework and associated tools and strengthen the control environment. • Showed strong commitment to continue embedding the conduct pillars and outcomes, and underpinning controls across the Group. • Additional steps were taken that were consistent with the requirements of the 2018 FX DPA with the US Department of Justice to enhance the Global Markets compliance programme and related internal controls. Areas of focus have included a strong tone from the top, updated policies and procedures to prevent violations of US law (such as fraud and market manipulation) and comprehensive risk assessment. Further enhancements and steps to comply with the DPA are ongoing. Group Finance Director Performance Strategic priorities • Deploy cloud technologies and enhance Finance operating efficiency • Streamline and embed IFRS 9 and RWA production • Deliver ring-fenced bank ('RFB') in the UK and Global Service Company ('ServCo') structures and processes • Deliver cost savings • Strengthen the Group’s external relationships • Improve employee engagement • Strengthen HSBC’s leadership cadre • Improve diversity in senior management • Deployed cloud technologies for regulatory reporting of liquidity coverage ratio and net stable funding ratio in Canada and France. Implementation plans to deploy the technology in other locations are on track. The innovative capabilities of Finance are being further developed with eight key laboratories set up to deliver a real-time vision for Finance, utilising cloud technology, advanced analytics, artificial intelligence and machine learning. • Completed 2018 IFRS 9 plan with few milestones remaining and daily performance maturing, with no major downstream impact on processing time. All key activities integrated within routine processes. • Successfully established the Group’s RFB – HSBC UK Bank plc (‘HSBC UK’) – with a separate information technology and operations infrastructure and financial, pensions and legal structures. Transfer of Retail Banking and Wealth Management and Commercial Banking customers and employees to HSBC UK was also completed. Successfully established the Group’s ServCo structure in the UK in support of ring-fencing and the Recovery and Resolution Plan. • Strengthened Group's relationships and reputation with key stakeholders as evidenced by a high level of investor relations engagement and robust regulatory interactions. • Employer advocacy, as a measure of employee engagement, at the end of 2018 improved to 68% (2017: 66%). The Finance function’s structure was further simplified through the global consolidation of the finance operational processes into a single Finance operations team. The function is driving forward the focus on digital leadership and capabilities across all levels. • Confirmed four key Finance ‘enterprise critical roles’ and ensured that the succession plans are actionable, resulting in a successor gender profile of 38% female. Development plans and support in place for all successors. • Met aspirational gender diversity target, with 28% female representation at senior management levels in Finance. Finance leadership initiatives, sponsorship of diverse networks, parental transition coaching and career development support have all helped improve gender diversity. Difference and inclusion is being addressed more broadly within Finance with an aim to increase the representation of lesbian, gay, bisexual and transgender and differently abled employees. Risk and compliance • Effectively manage material operational risks • Achieve and deliver sustainable global conduct outcomes • Deliver commitments to regulators • Successful delivery of PRA and European Banking Authority (‘EBA’) stress tests and Comprehensive Capital Analysis and Review (‘CCAR’) capital plan • Completed the implementation of the operational risk framework in Finance, which is actively used to monitor the effectiveness of key controls against significant accounting risks, including for Sarbanes-Oxley compliance. Made significant progress embedding the understanding of relevant roles and responsibilities through improved governance and reporting. • Improved processes for monitoring and reporting conduct outcomes for Finance, including strengthened governance meetings with an increased focus on metrics. No significant conduct issues, breaches or reportable events were identified. Internal review of conduct governance and control for Finance were rated as effective. • Delivered all regulatory updates on time and to the required standard, with queries addressed on a timely basis. PRA and EBA stress tests in 2018 were successfully submitted on time. HSBC North America Holdings Inc received a non-objection to its CCAR 2018 capital plan submitted to the Federal Reserve Board on both a qualitative and quantitative basis. Group Chief Risk Officer Performance Strategic priorities • Improve customer satisfaction • Strengthen the Group's external relationships • Turn around the US business • Improve employee engagement, strengthen HSBC’s leadership cadre and improve diversity in senior management • Support innovation • Deliver cost savings • Improved customer service satisfaction with measured progress being made across markets. Global businesses are showing delivery successes, with improvements identified for action. • Interacted regularly and successfully with regulators. The strength, quality and independence of financial risk management was recognised. An increased focus on non-financial risk management and model risk management is key to these ongoing interactions. • Supported the turnaround of the US business through active risk management oversight, focusing on a credit risk and risk remediation programme; strong forward-looking capital management through engagement and oversight of the stress testing CCAR programme; and an enhanced modelling infrastructure in support of stress testing and financial crime models. RoTE at 2.7% exceeded the target for 2018. • Delivered on the Global Risk function people initiatives. Employer advocacy, as a measure of employee engagement, increased to 68% at the end of 2018 (2017: 64%), which represents the number of employees who would recommend HSBC as a great place to work. Focused the development of our leadership talent, and achieved the diversity target, with 28.7% of senior management positions held by women. • Enhanced the focus on innovative ways of working, through the facilitation of idea generation and knowledge concept evaluation and delivery of new approaches. Education and training of Global Risk in innovation was rolled out to enable change through the use of agile methodologies and cloud technologies. • Enabled the management of costs and headcount of the Global Risk function, through close ongoing monitoring of performance. Risk and compliance • Ensure Global Risk supports the financial crime risk target end state • Effectively manage material operational risks • Achieve and sustain the delivery of the global conduct outcomes • Deliver commitments to regulators, including compliance with the 2018 FX DPA • Successfully deliver regulatory and internal stress tests in 2018 • Manage credit and market risk, and oversee liquidity risk within Board approved risk appetite • Successfully enhance HSBC's model risk management • Enabled effective financial crime risk management through the enterprise wide and operational risk management frameworks, with strong governance through risk management meetings and completion of financial crime risk model reviews. • Made significant progress in adopting and embedding the operational risk management framework, with active focus and engagement on the material operational risks, and increased focus on non-financial risks. • Successfully drove conduct outcomes through a strong tone from the top, and a continual monitoring of compliance on conduct regulations. Maturity levels across conduct outcomes were excellent. • Delivered all regulatory updates on time and up to the required standard, with any remedial actions tracked to timely completion. Engagements with other lead regulators gained positive feedback, including working with the Department of Justice and Federal Reserve Board to progress our commitments under the FX DPA. • Successfully delivered the 2018 annual cyclical scenario to the PRA. Submitted the biennial stress test to the EBA and the CCAR submission to the Federal Reserve Board. • Managed credit risk, market risk and liquidity risk effectively within the Group risk appetite profile and with oversight from the Group risk management meeting. • Made significant progress in model risk management during 2018, through significant appointments, ongoing employee training and key stakeholder engagements. Long-term incentive awards (Audited) For the 2018 performance year, the Committee determined to grant John Flint and Marc Moses an LTI award of £ 3,840,000 and £ 2,232,000 , respectively, after taking into consideration performance achieved for the financial year ended 31 December 2018 and the progress made towards achieving the strategic priorities set out in the June 2018 Strategy Update. The awards will be subject to a three -year performance period starting 1 January 2019. As the awards are not entitled to dividend equivalents per regulatory requirements, the number of shares to be awarded to executive Directors will be adjusted to reflect the expected dividend yield of the shares over the vesting period. In line with the approach set out for our new policy and feedback received from investors, we have simplified the LTI scorecard by using fewer measures. To ensure the rewards realised by executive Directors are strongly aligned with our strategic priorities and value created for shareholders, a 75% weighting has been attached to the RoTE measure. For target payout ( 50% of maximum) the average RoTE over the performance period will need to be 11% , and is aligned with our target of achieving a RoTE of more than 11% by 2020. For maximum payout, the average RoTE over the performance period will need to be 12% reflecting a stretch and a continued improvement of the RoTE performance. The RoTE measure will also be subject to a CET1 underpin requiring the CET1 ratio at the end of the performance period to be above the CET1 risk tolerance level. The scorecard also attaches a 12.5% weighting to an employer advocacy measure. This is a key indicator of employee sentiment and underpins our strategic priority to simplify our organisation and invest in future skills. The 2018 score has been used to set the threshold level of performance for this measure. The target performance level will require an improvement over the 2018 score and the maximum level requires further improvement. Based on feedback received from investors, we have also included an environmental, social and governance measure with a 12.5% weighting. This will be assessed based on ratings issued by Sustanalytics with threshold level of performance set at receiving an 'average performer' rating and the maximum level of performance requiring an 'outperformer rating', which is the highest rating that can be achieved. The LTI awards will also be subject to a risk and compliance underpin, which would give the Committee the discretion to adjust down the overall scorecard outcome taking into account performance against risk and compliance factors at the end of the performance period. For this purpose, the Committee will receive information on any risk management failures which have caused significant reputational damage to the Group or have an adverse impact on the financial performance of the Group. This is to ensure that the Group operates within tolerance levels set for relevant risk and compliance metrics when achieving its financial targets. The measures and weighting that will be used to assess performance and payout are described in the following table. To the extent performance conditions are satisfied at the end of the three -year performance period, the awards will vest in five equal annual instalments commencing from around the third anniversary of the grant date. On vesting, awards are subject to a retention period of one year. Stuart Gulliver and Iain Mackay are not eligible to receive an LTI award in respect of 2018. Performance conditions for LTI awards in respect of 2018 Measures Minimum (25% payout) Target (50% payout) Maximum (100% payout) Weighting % Average RoTE (with CET1 underpin) 1 10.0% 11.0% 12.0% 75.0 Employer advocacy 2 65.0% 70.0% 75.0% 12.5 Environmental, social and governance rank 3 Score to achieve an 'average performer' rating Mid-point score between average and outperformer threshold scores Score required to achieve an 'outperformer' rating 12.5 Total 4 100.0 1 If the CET1 ratio at the end of performance period is below the CET1 risk tolerance level set in the risk appetite statement, then the assessment for this measure will be reduced to nil. 2 To be assessed based on results of the latest employee Snapshot survey question ‘I would recommend this company as a great place to work’ 3 To be assessed based on results of the latest rating issued by Sustaina lytics. In the event that Sustainalytics changes its approach to provide the ratings during the performance period, this may impact the assessment of the performance condition. To ensure that the performance targets/assessment approach achieves its original purpose (i.e. are no less or more difficult than when the original targets were set) the Committee retains the discretion to review and where appropriate modify the targets once further details on any updated Sustainalytics ratings approach is published . 4 Awards will vest on a straight-line basis for performance between the minimum, target and maximum levels of performance set in this table. Total pension entitlements (Audited) No employees who served as executive Directors during the year have a right to amounts under any HSBC final salary pension scheme for their services as executive Directors or are entitled to additional benefits in the event of early retirement. There is no retirement age set for Directors, but the normal retirement age for employees is 65 . Payments to past Directors (Audited) Details of payments made to Stuart Gulliver and Iain Mackay after they stepped down as executive Directors are set out in the following sections. No other payments were made to, or in respect of, former Directors in the year in excess of the minimum threshold of £50,000 set for this purpose. Retirement arrangements for Stuart Gulliver (Audited) Stuart Gulliver stepped down as executive Director and Group Chief Executive on 20 February 2018 and ceased employment with the Group on 11 October 2018. Under the terms of his service contract, and as previously disclosed, for the period between 21 February 2018 and 11 October 2018, he received a salary of £ 802,988 , FPA of £ 1,089,600 , cash in lieu of pension allowance of £ 240,897 , contractual benefits totalling £ 321,778 and other benefits of £ 64,329 . The value of contractual benefits includes the taxable value of £ 201,078 for the use of a company-provided car and Hong Kong accommodation, the tax expense of £ 78,201 in relation to the use of a company car and Hong Kong accommodation and insurance-related benefits of £ 42,499 . In October 2018, he was paid cash in lieu of unused holiday entitlement, accrued during the period 2007 to 2017 for leave cancelled at the request of the Group due to urgent HSBC matters, totalling to £ 466,778 . Stuart Gulliver also received a post-employment medical cover as per the shareholder approved policy. Stuart Gulliver received an annual incentive award for 2018 (pro-rated for time spent in Group Chief Executive role) as set out on page 231 . He did not receive an LTI award for 2018. As disclosed in the 2017 Directors’ remuneration report, and referenced here for completeness, Stuart Gulliver was granted good leaver status in respect of outstanding unvested share awards. In respect of his 2016 LTI award, performance will be measured at the end of the original performance period (i.e. 31 December 2019), with the maximum number of shares available pro-rated for time in employment (i.e. 357,911 shares after pro-ration for time and any dividend equivalents accrued in the period during the vesting period). Stuart Gulliver will not receive: • an LTI award for 2018 ; and • any compensation or payment for the termination of his service contract or his ceasing to be a Director of any Group company. Departure terms for Iain Mackay (Audited) Iain Mackay stepped down as executive Director and Group Finance Director of the Company on 31 December 2018 (‘Departure Date’). In January 2019, he received a payment of £ 64,385 in lieu of his salary, FPA and cash in lieu of pension allowance for the period from 1 January 2019 to 13 January 2019. In accordance with the Directors’ remuneration policy approved by shareholders, Iain Mackay has been considered a good leaver. Accordingly, he has been made eligible to receive: • an annual incentive award for 2018 (details are provided on page 231 ); • his unvested deferred awards that are due to vest after the Departure Date, on the scheduled vesting dates, subject to the relevant terms (including post-vest retention periods, malus and, where applicable, clawback) and the achievement of any required performance condition. For this purpose, his 2016 and 2017 LTI awards will be pro-rated for the period he was employed by the Group with the maximum number of shares being as follows: – 2016 LTI awards: 228,817 shares (and the value of any dividend equivalents accrued during the vesting period); and – 2017 LTI awards: 131,796 shares; and • certain post-departure benefits for a period of up to seven years from the Departure Date. Iain Mackay will not receive: • an LTI award for 2018; and • any compensation or payment for the termination of his service contract or his ceasing to be a Director of any Group company. Scheme interests awarded during 2018 (Audited) The table below sets out the scheme interests awarded to Directors in 2018, for performance in 2017, as disclosed in the 2017 Directors’ remuneration report. No non-executive Directors received scheme interests during the financial year. Scheme awards in 2018 (Audited) Type of interest awarded Basis on which Date of award Face value awarded 1 £000 Percentage receivable for minimum performance Number of shares awarded End of performance period Iain Mackay (ceased employment on 31 December 2018) LTI deferred shares 2 % of salary 4 26 February 2018 2,860 25 395,388 31 December 2020 Marc Moses LTI deferred shares 2 % of salary 4 26 February 2018 2,860 25 395,388 31 December 2020 John Flint (appointed on 21 February 2018) Deferred shares 3 See note 5 26 February 2018 1,201 — 166,014 31 December 2017 Stuart Gulliver (retired from the Board on 20 February 2018) Deferred shares 3 % of salary 6 26 February 2018 1,635 — 226,072 31 December 2017 1 The face value of the award has been computed using the actual share price of £7.234 . 2 LTI awards are subject to a three -year forward-looking performance period and vest in five equal instalments subject to performance achieved. On vesting, awards will be subject to a one -year retention period. Awards are subject to malus during the vesting period and clawback for a maximum period of 10 years from the date of the award. 3 Deferred shares form part of the annual incentive, for which awards were determined based on performance achieved during the period to 31 December 2017. These awards are subject to malus during the vesting period and clawback for a maximum period of 10 years from the date of the award. The overall award level could have been 0% of the maximum opportunity if minimum performance was not achieved at the end of the performance period. 4 In line with regulatory requirements, scheme interests awarded during 2018 were not eligible for dividend equivalents. In accordance with the remuneration policy approved by shareholders at the 2016 AGM, the LTI award was determined at 319% of salary and the number of shares to be granted was determined by taking into account a share price discounted based on HSBC’s expected dividend yield for the vesting period (i.e. £5.645 ). 5 John Flint re |
Basis of preparation and sign_2
Basis of preparation and significant accounting policies (Policies) | 12 Months Ended |
Dec. 31, 2018 | |
Corporate Information And Statement Of IFRS Compliance [Abstract] | |
Compliance with International Financial Reporting Standards | Compliance with International Financial Reporting Standards The consolidated financial statements of HSBC and the separate financial statements of HSBC Holdings have been prepared in accordance with International Financial Reporting Standards (‘IFRSs’) as issued by the International Accounting Standards Board (‘IASB’), including interpretations issued by the IFRS Interpretations Committee, and as endorsed by the European Union (‘EU’). At 31 December 2018, there were no unendorsed standards effective for the year ended 31 December 2018 affecting these consolidated and separate financial statements, and HSBC’s application of IFRSs results in no differences between IFRSs as issued by the IASB and IFRSs as endorsed by the EU . Standards adopted during the year ended 31 December 2018 HSBC has adopted the requirements of IFRS 9 ‘Financial Instruments’ from 1 January 2018, with the exception of the provisions relating to the presentation of gains and losses on financial liabilities designated at fair value, which were adopted from 1 January 2017. This includes the adoption of ‘Prepayment Features with Negative Compensation (Amendments to IFRS 9)’, which is effective for annual periods beginning on or after 1 January 2019 with early adoption permitted. The effect of its adoption is not significant. IFRS 9 includes an accounting policy choice to remain with IAS 39 hedge accounting, which HSBC has exercised. The classification and measurement, and impairment requirements, are applied retrospectively by adjusting the opening balance sheet at the date of initial application. As permitted by IFRS 9, HSBC has not restated comparatives. Adoption reduced net assets at 1 January 2018 by $1,647m as set out in Note 37 of the Annual Report and Accounts 2018 . In addition, HSBC has adopted the requirements of IFRS 15 ‘Revenue from contracts with customers’ and a number of interpretations and amendments to standards, which have had an insignificant effect on the consolidated financial statements of HSBC and the separate financial statements of HSBC Holdings. IFRS 9 transitional requirements The transitional requirements of IFRS 9 necessitated a review of the designation of financial instruments at fair value. IFRS 9 requires that the designation is revoked where there is no longer an accounting mismatch at 1 January 2018 and permits designations to be revoked or additional designations created at 1 January 2018 if there are accounting mismatches at that date. As a result: • fair value designations for financial liabilities were revoked where the accounting mismatch no longer exists, as required by IFRS 9; and • fair value designations were revoked for certain long-dated securities where accounting mismatches continue to exist, but where HSBC has revoked the designation as permitted by IFRS 9 since it will better mitigate the accounting mismatch by undertaking fair value hedge accounting. The results of these changes are included in the reconciliation set out in Note 37. Changes in accounting policy While not necessarily required by the adoption of IFRS 9, the following voluntary changes in accounting policy and presentation were made as a result of reviews carried out in conjunction with its adoption. The effect of presentational changes at 1 January 2018 is included in the reconciliation set out in Note 37, and comparatives have not been restated. • We considered market practices for the presentation of certain financial liabilities, which contain both deposit and derivative components. We concluded that it would be appropriate to change the accounting policy and presentation of ‘trading customer accounts and other debt securities in issue’, to better align with the presentation of similar financial instruments by peers. This therefore provides more relevant information about the effect of these financial liabilities on our financial position and performance. As a result, rather than being classified as held for trading, we designate these financial liabilities as at fair value through profit or loss since they are managed and their performance evaluated on a fair value basis. A further consequence of this change in presentation is that the effects of changes in the liabilities’ credit risk are presented in ‘Other comprehensive income’, with the remaining effect presented in profit or loss in accordance with Group accounting policy adopted in 2017 (following the adoption of the requirements in IFRS 9 relating to the presentation of gains and losses on financial liabilities designated at fair value). • Cash collateral, margin and settlement accounts have been reclassified from ‘Trading assets’ and ‘Loans and advances to banks and customers’ to ‘Prepayments, accrued income and other assets’ and from ‘Trading liabilities’ and ‘Deposits by banks’ and ‘Customer accounts‘ to ‘Accruals, deferred income and other liabilities’. The change in presentation for financial assets is in accordance with IFRS 9 and the change in presentation for financial liabilities is considered to provide more relevant information, given the change in presentation for the financial assets. The change in presentation for financial liabilities has had no effect on the measurement of these items and therefore on retained earnings or profit for any period. • Certain stock borrowing assets have been reclassified from ‘Loans and advances to banks and customers’ to ‘Trading assets’. The change in measurement is a result of the determination of the global business model for this activity and will align the presentation throughout the Group. • Prior to 2018, foreign exchange exposure on some financial instruments designated at fair value was presented in the same line in the income statement as the underlying fair value movement on these instruments. In 2018, we have grouped the presentation of the entire effect of foreign exchange exposure in profit or loss and presented it within ‘Net income from financial instruments held for trading or managed on a fair value basis’. Comparative data has been re-presented. |
Differences between IFRSs and Hong Kong Financial Reporting Standards | Differences between IFRSs and Hong Kong Financial Reporting Standards There are no significant differences between IFRSs and Hong Kong Financial Reporting Standards in terms of their application to HSBC, and consequently there would be no significant differences had the financial statements been prepared in accordance with Hong Kong Financial Reporting Standards. The ‘Notes on the financial statements’, taken together with the ‘Report of the Directors’, include the aggregate of all disclosures necessary to satisfy IFRSs and Hong Kong reporting requirements. |
Future accounting developments | Future accounting developments Minor amendments to IFRSs The IASB has published a number of minor amendments to IFRSs that are effective from 1 January 2019, some of which have been endorsed for use in the EU. HSBC expects they will have an insignificant effect, when adopted, on the consolidated financial statements of HSBC and the separate financial statements of HSBC Holdings. Major new IFRSs The IASB has published IFRS 16 ‘Leases’ and IFRS 17 ‘Insurance Contracts’. IFRS 16 has been endorsed for use in the EU and IFRS 17 has not yet been endorsed. In addition, an amendment to IAS 12 ‘Income Taxes’ has not yet been endorsed. IFRS 16 ‘Leases’ IFRS 16 ‘Leases’ has an effective date for annual periods beginning on or after 1 January 2019. IFRS 16 results in lessees accounting for most leases within the scope of the standard in a manner similar to the way in which finance leases are currently accounted for under IAS 17 ‘Leases’. Lessees will recognise a right of use (‘ROU’) asset and a corresponding financial liability on the balance sheet. The asset will be amortised over the length of the lease, and the financial liability measured at amortised cost. Lessor accounting remains substantially the same as under IAS 17. The Group expects to adopt the standard using a modified retrospective approach where the cumulative effect of initially applying it is recognised as an adjustment to the opening balance of retained earnings and comparatives are not restated. The implementation is expected to increase assets by approximately $5b n and increase financial liabilities by the same amount with no effect on net assets or retained earnings. IFRS 17 ‘Insurance Contracts’ IFRS 17 ‘Insurance Contracts’ was issued in May 2017, and sets out the requirements that an entity should apply in accounting for insurance contracts it issues and reinsurance contracts it holds. IFRS 17 is currently effective from 1 January 2021. However, the IASB is considering delaying the mandatory implementation date by one year and may make additional changes to the standard. The Group is in the process of implementing IFRS 17. Industry practice and interpretation of the standard is still developing and there may be changes to it, therefore the likely impact of its implementation remains uncertain. Amendment to IAS 12 ‘Income Taxes’ An amendment to IAS 12 was issued in December 2017 as part of the annual improvement cycle. The amendment clarifies that an entity should recognise the tax consequences of dividends where the transactions or events that generated the distributable profits are recognised. This amendment is effective for annual reporting periods beginning on or after 1 January 2019 and is applied to the income tax consequences of distributions recognised on or after the beginning of the earliest comparative period. As a result of its application , the income tax consequences of distributions on certain capital securities classified as equity will be presented in profit or loss rather than directly in equity. If the amendment had been applied in 2018, the impact for the year ended 31 December 2018 would have been a $261m increase in profit after tax (2017: $224m ) with no effect on equity. |
Foreign currencies | Foreign currencies HSBC’s consolidated financial statements are presented in US dollars because the US dollar and currencies linked to it form the major currency bloc in which HSBC transacts and funds its business. The US dollar is also HSBC Holdings’ functional currency because the US dollar and currencies linked to it are the most significant currencies relevant to the underlying transactions, events and conditions of its subsidiaries, as well as representing a significant proportion of its funds generated from financing activities. Transactions in foreign currencies are recorded at the rate of exchange on the date of the transaction. Assets and liabilities denominated in foreign currencies are translated at the rate of exchange at the balance sheet date, except non-monetary assets and liabilities measured at historical cost, which are translated using the rate of exchange at the initial transaction date. Exchange differences are included in other comprehensive income or in the income statement depending on where the gain or loss on the underlying item is recognised. In the consolidated financial statements, the assets, liabilities and results of foreign operations, whose functional currency is not US dollars, are translated into the Group’s presentation currency at the reporting date. Exchange differences arising are recognised in other comprehensive income. On disposal of a foreign operation, exchange differences previously recognised in other comprehensive income are reclassified to the income statement. |
Critical accounting estimates and judgements | Critical accounting estimates and judgements The preparation of financial information requires the use of estimates and judgements about future conditions. In view of the inherent uncertainties and the high level of subjectivity involved in the recognition or measurement of items, highlighted as the ‘critical accounting estimates and judgements’ in section 1.2 below, it is possible that the outcomes in the next financial year could differ from those on which management’s estimates are based. This could result in materially different estimates and judgements from those reached by management for the purposes of these financial statements. Management’s selection of HSBC’s accounting policies that contain critical estimates and judgements reflects the materiality of the items to which the policies are applied and the high degree of judgement and estimation uncertainty involved. |
Segmental analysis | Segmental analysis HSBC’s Chief Operating Decision Maker is the Group Chief Executive, who is supported by the rest of the Group Management Board (‘GMB’), which operates as a general management committee under the direct authority of the Board. Operating segments are reported in a manner consistent with the internal reporting provided to the Group Chief Executive and the GMB. Measurement of segmental assets, liabilities, income and expenses is in accordance with the Group’s accounting policies. Segmental income and expenses include transfers between segments, and these transfers are conducted at arm’s length. Shared costs are included in segments on the basis of the actual recharges made. |
Going concern | Going concern The financial statements are prepared on a going concern basis, as the Directors are satisfied that the Group and parent company have the resources to continue in business for the foreseeable future. In making this assessment, the Directors have considered a wide range of information relating to present and future conditions, including future projections of profitability, cash flows and capital resources. |
Investments in subsidiaries | Investments in subsidiaries Where an entity is governed by voting rights, HSBC consolidates when it holds – directly or indirectly – the necessary voting rights to pass resolutions by the governing body. In all other cases, the assessment of control is more complex and requires judgement of other factors, including having exposure to variability of returns, power to direct relevant activities, and whether power is held as agent or principal. Business combinations are accounted for using the acquisition method. The amount of non-controlling interest is measured either at fair value or at the non-controlling interest’s proportionate share of the acquiree’s identifiable net assets. This election is made for each business combination. HSBC Holdings’ investments in subsidiaries are stated at cost less impairment losses. |
Goodwill | Goodwill Goodwill is allocated to cash-generating units (‘CGUs’) for the purpose of impairment testing, which is undertaken at the lowest level at which goodwill is monitored for internal management purposes. HSBC’s CGUs are based on geographical regions subdivided by global business, except for Global Banking and Markets, for which goodwill is monitored on a global basis. Impairment testing is performed at least once a year, or whenever there is an indication of impairment, by comparing the recoverable amount of a CGU with its carrying amount. Goodwill is included in a disposal group if the disposal group is a CGU to which goodwill has been allocated or it is an operation within such a CGU. The amount of goodwill included in a disposal group is measured on the basis of the relative values of the operation disposed of and the portion of the CGU retained. Critical accounting estimates and judgements The review of goodwill for impairment reflects management’s best estimate of the future cash flows of the CGUs and the rates used to discount these cash flows, both of which are subject to uncertain factors as follows: • The future cash flows of the CGUs are sensitive to the cash flows projected for the periods for which detailed forecasts are available and to assumptions regarding the long-term pattern of sustainable cash flows thereafter. Forecasts are compared with actual performance and verifiable economic data, but they reflect management’s view of future business prospects at the time of the assessment. • The rates used to discount future expected cash flows can have a significant effect on their valuation, and are based on the costs of capital assigned to individual CGUs. The cost of capital percentage is generally derived from a capital asset pricing model, which incorporates inputs reflecting a number of financial and economic variables, including the risk-free interest rate in the country concerned and a premium for the risk of the business being evaluated. These variables are subject to fluctuations in external market rates and economic conditions beyond management’s control. They are therefore subject to uncertainty and require the exercise of significant judgement. The accuracy of forecast cash flows is subject to a high degree of uncertainty in volatile market conditions. In such circumstances, management re-tests goodwill for impairment more frequently than once a year when indicators of impairment exist. This ensures that the assumptions on which the cash flow forecasts are based continue to reflect current market conditions and management’s best estimate of future business prospects. |
HSBC sponsored structured entities | HSBC sponsored structured entities HSBC is considered to sponsor another entity if, in addition to ongoing involvement with the entity, it had a key role in establishing that entity or in bringing together relevant counterparties so the transaction that is the purpose of the entity could occur. HSBC is generally not considered a sponsor if the only involvement with the entity is merely administrative. |
Interests in associates and joint arrangements | Interests in associates and joint arrangements Joint arrangements are investments in which HSBC, together with one or more parties, has joint control. Depending on HSBC’s rights and obligations, the joint arrangement is classified as either a joint operation or a joint venture. HSBC classifies investments in entities over which it has significant influence, and that are neither subsidiaries nor joint arrangements, as associates. HSBC recognises its share of the assets, liabilities and results in a joint operation. Investments in associates and interests in joint ventures are recognised using the equity method. The attributable share of the results and reserves of joint ventures and associates is included in the consolidated financial statements of HSBC based on either financial statements made up to 31 December or pro-rated amounts adjusted for any material transactions or events occurring between the date the financial statements are available and Investments in associates and joint ventures are assessed at each reporting date and tested for impairment when there is an indication that the investment may be impaired. Goodwill on acquisitions of interests in joint ventures and associates is not tested separately for impairment, but is assessed as part of the carrying amount of the investment. Critical accounting estimates and judgements Impairment testing of investments in associates involves significant judgement in determining the value in use, and in particular estimating the present values of cash flows expected to arise from continuing to hold the investment. The most significant judgements relate to the impairment testing of our investment in Bank of Communications Co. Limited (‘BoCom’). Key assumptions used in estimating BoCom’s value in use, the sensitivity of the value in use calculation to different assumptions and a sensitivity analysis that shows the changes in key assumptions that would reduce the excess of value in use over the carrying amount (the ‘headroom’) to nil are described in Note 18. |
Interest income and expense | Interest income and expense Interest income and expense for all financial instruments, excluding those classified as held for trading or designated at fair value, are recognised in ‘Interest income’ and ‘Interest expense’ in the income statement using the effective interest method. However, as an exception to this, interest on debt securities issued by HSBC that are designated under the fair value option and on derivatives managed in conjunction with those debt securities is included in interest expense. Interest on credit-impaired financial assets is recognised using the rate of interest used to discount the future cash flows for the purpose of measuring the impairment loss. |
Non-interest income and expense | Non-interest income and expense HSBC generates fee income from services provided at a fixed price over time, such as account service and card fees, or when HSBC delivers a specific transaction at a point in time, such as broking services and import/export services. With the exception of certain fund management and performance fees, all other fees are generated at a fixed price. Fund management and performance fees can be variable depending on the size of the customer portfolio and HSBC’s performance as fund manager. Variable fees are recognised when all uncertainties are resolved. Fee income is generally earned from short-term contracts with payment terms that do not include a significant financing component. HSBC acts as principal in the majority of contracts with customers, with the exception of broking services. For most brokerage trades, HSBC acts as agent in the transaction and recognises broking income net of fees payable to other parties in the arrangement. HSBC recognises fees earned on transaction-based arrangements at a point in time when we have fully provided the service to the customer. Where the contract requires services to be provided over time, income is recognised on a systematic basis over the life of the agreement. Where HSBC offers a package of services that contains multiple non-distinct performance obligations, such as those included in account service packages, the promised services are treated as a single performance obligation. If a package of services contains distinct performance obligations, such as those including both account and insurance services, the corresponding transaction price is allocated to each performance obligation based on the estimated stand-alone selling prices. Dividend income is recognised when the right to receive payment is established. This is the ex-dividend date for listed equity securities, and usually the date when shareholders approve the dividend for unlisted equity securities. Net income/(expense) from financial instruments measured at fair value through profit or loss includes the following: • ‘Net income from financial instruments held for trading or managed on a fair value basis’: This comprises net trading income, which includes all gains and losses from changes in the fair value of financial assets and financial liabilities held for trading, together with the related interest income, expense and dividends. It also includes all gains and losses from changes in the fair value of derivatives that are managed in conjunction with financial assets and liabilities measured at fair value through profit or loss. • ‘Net income/(expense)from assets and liabilities of insurance businesses, including related derivatives, measured at fair value through profit or loss’: This includes interest income, interest expense and dividend income in respect of financial assets and liabilities measured at fair value through profit or loss; and those derivatives managed in conjunction with the above that can be separately identifiable from other trading derivatives. • ‘Changes in fair value of long-term debt and related derivatives’: Interest paid on the external long-term debt and interest cash flows on related derivatives is presented in interest expense. • ‘Changes in fair value of other financial instruments mandatorily measured at fair value through profit or loss’: This includes interest on instruments that fail the solely payments of principal and interest (‘SPPI’) test, see (d) below. The accounting policies for insurance premium income are disclosed in Note 1.2(j) . |
Valuation of financial instruments | Valuation of financial instruments All financial instruments are initially recognised at fair value. Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. The fair value of a financial instrument on initial recognition is generally its transaction price (that is, the fair value of the consideration given or received). However, if there is a difference between the transaction price and the fair value of financial instruments whose fair value is based on a quoted price in an active market or a valuation technique that uses only data from observable markets, HSBC recognises the difference as a trading gain or loss at inception (a ‘day 1 gain or loss’). In all other cases, the entire day 1 gain or loss is deferred and recognised in the income statement over the life of the transaction until the transaction matures, is closed out, the valuation inputs become observable or HSBC enters into an offsetting transaction. The fair value of financial instruments is generally measured on an individual basis. However, in cases where HSBC manages a group of financial assets and liabilities according to its net market or credit risk exposure, the fair value of the group of financial instruments is measured on a net basis but the underlying financial assets and liabilities are presented separately in the financial statements, unless they satisfy the IFRS offsetting criteria. Critical accounting estimates and judgements The majority of valuation techniques employ only observable market data. However, certain financial instruments are classified on the basis of valuation techniques that feature one or more significant market inputs that are unobservable, and for them the measurement of fair value is more judgemental. An instrument in its entirety is classified as valued using significant unobservable inputs if, in the opinion of management, greater than 5% of the instrument’s valuation is driven by unobservable inputs. ‘Unobservable’ in this context means that there is little or no current market data available from which to determine the price at which an arm’s length transaction would be likely to occur. It generally does not mean that there is no data available at all upon which to base a determination of fair value (consensus pricing data may, for example, be used). Valuation Fair value is an estimate of the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. It does not reflect the economic benefits and costs that HSBC expects to flow from an instrument’s cash flow over its expected future life. Our valuation methodologies and assumptions in determining fair values for which no observable market prices are available may differ from those of other companies. Loans and advances to banks and customers To determine the fair value of loans and advances to banks and customers, loans are segregated, as far as possible, into portfolios of similar characteristics. Fair values are based on observable market transactions, when available. When they are unavailable, fair values are estimated using valuation models incorporating a range of input assumptions. These assumptions may include: value estimates from third-party brokers reflecting over-the-counter trading activity; forward-looking discounted cash flow models, taking account of expected customer prepayment rates, using assumptions that HSBC believes are consistent with those that would be used by market participants in valuing such loans; new business rates estimates for similar loans; and trading inputs from other market participants including observed primary and secondary trades. From time to time, we may engage a third-party valuation specialist to measure the fair value of a pool of loans. The fair value of loans reflects expected credit losses at the balance sheet date and estimates of market participants’ expectations of credit losses over the life of the loans, and the fair value effect of repricing between origination and the balance sheet date. For credit-impaired loans, fair value is estimated by discounting the future cash flows over the time period they are expected to be recovered. Financial investments The fair values of listed financial investments are determined using bid market prices. The fair values of unlisted financial investments are determined using valuation techniques that incorporate the prices and future earnings streams of equivalent quoted securities. Deposits by banks and customer accounts The fair values of on-demand deposits are approximated by their carrying value. For deposits with longer-term maturities, fair values are estimated using discounted cash flows, applying current rates offered for deposits of similar remaining maturities. Debt securities in issue and subordinated liabilities Fair values in debt securities is issue and subordinated liabilities are determined using quoted market prices at the balance sheet date where available, or by reference to quoted market prices for similar instruments. Repurchase and reverse repurchase agreements – non-trading Fair values of repurchase and reverse repurchase agreements that are held on a non-trading basis provide approximate carrying amounts. This is due to the fact that balances are generally short dated. |
Financial instruments measured at amortised cost | Financial instruments measured at amortised cost Loans and advances to banks and customers, held-to-maturity investments and most financial liabilities are measured at amortised cost. The carrying value of these financial assets at initial recognition includes any directly attributable transactions costs. If the initial fair value is lower than the cash amount advanced, such as in the case of some leveraged finance and syndicated lending activities, the difference is deferred and recognised over the life of the loan (as described in sub-section (c) above) through the recognition of interest income, unless the loan becomes impaired. HSBC may commit to underwriting loans on fixed contractual terms for specified periods of time. When the loan arising from the lending commitment is expected to be held for trading, the commitment to lend is recorded as a derivative. When HSBC intends to hold the loan, a provision on the loan commitment is only recorded where it is probable that HSBC will incur a loss. Impairment of loans and advances Losses for impaired loans are recognised when there is objective evidence that impairment of a loan or portfolio of loans has occurred. Losses that may arise from future events are not recognised. Individually assessed loans and advances The factors considered in determining whether a loan is individually significant for the purposes of assessing impairment include the size of the loan, the number of loans in the portfolio, the importance of the individual loan relationship and how this is managed. Loans that are determined to be individually significant will be individually assessed for impairment, except when volumes of defaults and losses are sufficient to justify treatment under a collective methodology. Loans considered as individually significant are typically to corporate and commercial customers, are for larger amounts and are managed on an individual basis. For these loans, HSBC considers on a case-by-case basis at each balance sheet date whether there is any objective evidence that a loan is impaired. The determination of the realisable value of security is based on the most recently updated market value at the time the impairment assessment is performed. The value is not adjusted for expected future changes in market prices, although adjustments are made to reflect local conditions such as forced sale discounts. Impairment losses are calculated by discounting the expected future cash flows of a loan, which include expected future receipts of contractual interest, at the loan’s original effective interest rate or an approximation thereof, and comparing the resultant present value with the loan’s current carrying amount. Collectively assessed loans and advances Impairment is assessed collectively to cover losses that have been incurred but have not yet been identified on loans subject to individual assessment or for homogeneous groups of loans that are not considered individually significant, which are generally retail lending portfolios. Incurred but not yet identified impairment Individually assessed loans for which no evidence of impairment has been specifically identified on an individual basis are grouped together according to their credit risk characteristics for a collective impairment assessment. This assessment captures impairment losses that HSBC has incurred as a result of events occurring before the balance sheet date that HSBC is not able to identify on an individual loan basis, and that can be reliably estimated. When information becomes available that identifies losses on individual loans within a group, those loans are removed from the group and assessed individually. Homogeneous groups of loans and advances Statistical methods are used to determine collective impairment losses for homogeneous groups of loans not considered individually significant. The methods used to calculate collective allowances are set out below: • When appropriate empirical information is available, HSBC utilises roll-rate methodology, which employs statistical analyses of historical data and experience of delinquency and default to reliably estimate the amount of the loans that will eventually be written off as a result of events occurring before the balance sheet date. Individual loans are grouped using ranges of past due days, and statistical estimates are made of the likelihood that loans in each range will progress through the various stages of delinquency and become irrecoverable. Additionally, individual loans are segmented based on their credit characteristics, such as industry sector, loan grade or product. In applying this methodology, adjustments are made to estimate the periods of time between a loss event occurring, for example because of a missed payment, and its confirmation through write-off (known as the loss identification period). Current economic conditions are also evaluated when calculating the appropriate level of allowance required to cover inherent loss. In certain highly developed markets, models also take into account behavioural and account management trends as revealed in, for example bankruptcy and rescheduling statistics. • When the portfolio size is small or when information is insufficient or not reliable enough to adopt a roll-rate methodology, HSBC adopts a basic formulaic approach based on historical loss rate experience, or a discounted cash flow model. Where a basic formulaic approach is undertaken, the period between a loss event occurring and its identification is estimated by local management, and is typically between six and 12 months. Write-off of loans and advances Loans and the related impairment allowance accounts are normally written off, either partially or in full, when there is no realistic prospect of recovery. Where loans are secured, this is generally after receipt of any proceeds from the realisation of security. In circumstances where the net realisable value of any collateral has been determined and there is no reasonable expectation of further recovery, write-off may be earlier. Reversals of impairment If the amount of an impairment loss decreases in a subsequent period, and the decrease can be related objectively to an event occurring after the impairment was recognised, the excess is written back by reducing the loan impairment allowance account accordingly. The write-back is recognised in the income statement. Assets acquired in exchange for loans When non-financial assets acquired in exchange for loans as part of an orderly realisation are held for sale, these assets are recorded as ‘Assets held for sale’. Renegotiated loans Loans subject to collective impairment assessment whose terms have been renegotiated are no longer considered past due, but are treated as up-to-date loans for measurement purposes once a minimum number of required payments has been received. Where collectively assessed loan portfolios include significant levels of renegotiated loans, these loans are segregated from other parts of the loan portfolio for the purposes of collective impairment assessment to reflect their risk profile. Loans subject to individual impairment assessment, whose terms have been renegotiated, are subject to ongoing review to determine whether they remain impaired. The carrying amounts of loans that have been classified as renegotiated retain this classification until maturity or derecognition. A loan that is renegotiated is derecognised if the existing agreement is cancelled and a new agreement made on substantially different terms or if the terms of an existing agreement are modified such that the renegotiated loan is substantially a different financial instrument. Any new loans that arise following derecognition events will continue to be disclosed as renegotiated loans and are assessed for impairment as above. Non-trading reverse repurchase, repurchase and similar agreements When debt securities are sold subject to a commitment to repurchase them at a predetermined price (‘repos’), they remain on the balance sheet and a liability is recorded in respect of the consideration received. Securities purchased under commitments to resell (‘reverse repos’) are not recognised on the balance sheet and an asset is recorded in respect of the initial consideration paid. Non-trading repos and reverse repos are measured at amortised cost. The difference between the sale and repurchase price, or between the purchase and resale price is treated as interest and recognised in net interest income over the life of the agreement. Contracts that are economically equivalent to reverse repurchase or repurchase agreements (such as sales or purchases of debt securities entered into together with total return swaps with the same counterparty) are accounted for similarly to, and presented together with, reverse repurchase or repurchase agreements. Financial instruments measured at amortised cost Financial assets that are held to collect the contractual cash flows and which contain contractual terms that give rise on specified dates to cash flows that are solely payments of principal and interest are measured at amortised cost. Such financial assets include most loans and advances to banks and customers and some debt securities. In addition, most financial liabilities are measured at amortised cost. HSBC accounts for regular way amortised cost financial instruments using trade date accounting. The carrying value of these financial assets at initial recognition includes any directly attributable transactions costs. If the initial fair value is lower than the cash amount advanced, such as in the case of some leveraged finance and syndicated lending activities, the difference is deferred and recognised over the life of the loan through the recognition of interest income. HSBC may commit to underwriting loans on fixed contractual terms for specified periods of time. When the loan arising from the lending commitment is expected to be held for trading, the commitment to lend is recorded as a derivative. When HSBC intends to hold the loan, the loan commitment is included in the impairment calculations set out below. Non-trading reverse repurchase, repurchase and similar agreements When debt securities are sold subject to a commitment to repurchase them at a predetermined price (‘repos’), they remain on the balance sheet and a liability is recorded in respect of the consideration received. Securities purchased under commitments to resell (‘reverse repos’) are not recognised on the balance sheet and an asset is recorded in respect of the initial consideration paid. Non-trading repos and reverse repos are measured at amortised cost. The difference between the sale and repurchase price or between the purchase and resale price is treated as interest and recognised in net interest income over the life of the agreement. Contracts that are economically equivalent to reverse repo or repo agreements (such as sales or purchases of debt securities entered into together with total return swaps with the same counterparty) are accounted for similarly to, and presented together with, reverse repo or repo agreements. |
Financial assets measured at fair value through other comprehensive income | Financial assets measured at fair value through other comprehensive income Financial assets held for a business model that is achieved by both collecting contractual cash flows and selling and which contain contractual terms that give rise on specified dates to cash flows that are solely payments of principal and interest are measured at fair value through other comprehensive income (‘FVOCI’). These comprise primarily debt securities. They are recognised on the trade date when HSBC enters into contractual arrangements to purchase and are normally derecognised when they are either sold or redeemed. They are subsequently remeasured at fair value and changes therein (except for those relating to impairment, interest income and foreign currency exchange gains and losses) are recognised in other comprehensive income until the assets are sold. Upon disposal, the cumulative gains or losses in other comprehensive income are recognised in the income statement as ‘Gains less losses from financial instruments’. Financial assets measured at FVOCI are included in the impairment calculations set out below and impairment is recognised in profit or loss. (f) Equity securities measured at fair value with fair value movements presented in other comprehensive income The equity securities for which fair value movements are shown in other comprehensive income are business facilitation and other similar investments where HSBC holds the investments other than to generate a capital return. Gains or losses on the derecognition of these equity securities are not transferred to profit or loss. Otherwise, equity securities are measured at fair value through profit or loss (except for dividend income which is recognised in profit or loss). |
Financial instruments designated at fair value through profit or loss | Financial instruments designated at fair value through profit or loss Financial instruments, other than those held for trading, are classified in this category if they meet one or more of the criteria set out below and are so designated irrevocably at inception: • the use of the designation removes or significantly reduces an accounting mismatch; • a group of financial assets and liabilities or a group of financial liabilities is managed and its performance is evaluated on a fair value basis, in accordance with a documented risk management or investment strategy; and • the financial liability contains one or more non-closely related embedded derivatives. Designated financial assets are recognised when HSBC enters into contracts with counterparties, which is generally on trade date, and are normally derecognised when the rights to the cash flows expire or are transferred. Designated financial liabilities are recognised when HSBC enters into contracts with counterparties, which is generally on settlement date, and are normally derecognised when extinguished. Subsequent changes in fair values are recognised in the income statement in ‘Net income from financial instruments held for trading or managed on a fair value basis’ or ‘Net income/(expense) from assets and liabilities of insurance businesses, including related derivatives, measured at fair value through profit or loss’. Under the above criterion, the main classes of financial instruments designated by HSBC are: • Long-term debt issues: The interest and/or foreign exchange exposure on certain fixed-rate debt securities issued has been matched with the interest and/or foreign exchange exposure on certain swaps as part of a documented risk management strategy. • Financial assets and financial liabilities under unit-linked and non-linked investment contracts: a contract under which HSBC does not accept significant insurance risk from another party is not classified as an insurance contract, other than investment contracts with discretionary participation features (‘DPF’), but is accounted for as a financial liability. Customer liabilities under linked and certain non-linked investment contracts issued by insurance subsidiaries are determined based on the fair value of the assets held in the linked funds. If no fair value designation was made for the related assets, at least some of the assets would otherwise be measured at either fair value through other comprehensive income or amortised cost. The related financial assets and liabilities are managed and reported to management on a fair value basis. Designation at fair value of the financial assets and related liabilities allows changes in fair values to be recorded in the income statement and presented in the same line. Financial instruments measured at fair value Available-for-sale financial assets Available-for-sale financial assets are recognised on the trade date when HSBC enters into contractual arrangements to purchase them, and are normally derecognised when they are either sold or redeemed. They are subsequently remeasured at fair value, and changes therein are recognised in other comprehensive income until the assets are either sold or become impaired. Upon disposal, the cumulative gains or losses in other comprehensive income are recognised in the income statement as ‘Gains less losses from financial investments’. Impairment of available-for-sale financial assets Available-for-sale financial assets are assessed at each balance sheet date for objective evidence of impairment. Impairment losses are recognised in the income statement within ‘Loan impairment charges and other credit risk provisions’ for debt instruments and within ‘Gains less losses from financial investments’ for equities. Available-for-sale debt securities In assessing objective evidence of impairment at the reporting date, HSBC considers all available evidence, including observable data or information about events specifically relating to the securities which may result in a shortfall in the recovery of future cash flows. A subsequent decline in the fair value of the instrument is recognised in the income statement when there is objective evidence of impairment as a result of decreases in the estimated future cash flows. Where there is no further objective evidence of impairment, the decline in the fair value of the financial asset is recognised in other comprehensive income. If the fair value of a debt security increases in a subsequent period, and the increase can be objectively related to an event occurring after the impairment loss was recognised in the income statement, or the instrument is no longer impaired, the impairment loss is reversed through the income statement. Available-for-sale equity securities A significant or prolonged decline in the fair value of the equity below its cost is objective evidence of impairment. In assessing whether it is significant, the decline in fair value is evaluated against the original cost of the asset at initial recognition. In assessing whether it is prolonged, the decline is evaluated against the continuous period in which the fair value of the asset has been below its original cost at initial recognition. All subsequent increases in the fair value of the instrument are treated as a revaluation and are recognised in other comprehensive income. Subsequent decreases in the fair value of the available-for-sale equity security are recognised in the income statement to the extent that further cumulative impairment losses have been incurred. Impairment losses recognised on the equity security are not reversed through the income statement. Financial instruments designated at fair value Financial instruments, other than those held for trading, are classified in this category if they meet one or more of the criteria set out below, and are so designated irrevocably at inception: • the use of the designation removes or significantly reduces an accounting mismatch; • when a group of financial assets, liabilities or both is managed and its performance is evaluated on a fair value basis, in accordance with a documented risk management or investment strategy; and • where financial instruments contain one or more non-closely related embedded derivatives. Designated financial assets are recognised when HSBC enters into contracts with counterparties, which is generally on trade date, and are normally derecognised when the rights to the cash flows expire or are transferred. Designated financial liabilities are recognised when HSBC enters into contracts with counterparties, which is generally on settlement date, and are normally derecognised when extinguished. Subsequent changes in fair values are recognised in the income statement in ‘Net income/(expense) from financial instruments designated at fair value’. Under this criterion, the main classes of financial instruments designated by HSBC are: Long-term debt issues The interest and/or foreign exchange exposure on certain fixed rate debt securities issued has been matched with the interest and/or foreign exchange exposure on certain swaps as part of a documented risk management strategy. Financial assets and financial liabilities under unit-linked and non-linked investment contracts A contract under which HSBC does not accept significant insurance risk from another party is not classified as an insurance contract, other than investment contracts with discretionary participation features (‘DPF’), but is accounted for as a financial liability. See Note 1.2(j) for investment contracts with DPF and contracts where HSBC accepts significant insurance risk. Customer liabilities under linked and certain non-linked investment contracts issued by insurance subsidiaries and the corresponding financial assets are designated at fair value. Liabilities are at least equivalent to the surrender or transfer value, which is calculated by reference to the value of the relevant underlying funds or indices. Premiums receivable and amounts withdrawn are accounted for as increases or decreases in the liability recorded in respect of investment contracts. The incremental costs directly related to the acquisition of new investment contracts or renewing existing investment contracts are deferred and amortised over the period during which the investment management services are provided. |
Derivatives | Derivatives Derivatives are financial instruments that derive their value from the price of underlying items such as equities, interest rates or other indices. Derivatives are recognised initially and are subsequently measured at fair value through profit or loss. Derivatives are classified as assets when their fair value is positive or as liabilities when their fair value is negative. This includes embedded derivatives in financial liabilities, which are bifurcated from the host contract when they meet the definition of a derivative on a stand-alone basis. Where the derivatives are managed with debt securities issued by HSBC that are designated at fair value, the contractual interest is shown in ‘Interest expense’ together with the interest payable on the issued debt. Hedge accounting When derivatives are not part of fair value designated relationships, if held for risk management purposes they are designated in hedge accounting relationships where the required criteria for documentation and hedge effectiveness are met. HSBC uses these derivatives or, where allowed, other non-derivative hedging instruments in fair value hedges, cash flow hedges or hedges of net investments in foreign operations as appropriate to the risk being hedged. Fair value hedge Fair value hedge accounting does not change the recording of gains and losses on derivatives and other hedging instruments, but results in recognising changes in the fair value of the hedged assets or liabilities attributable to the hedged risk that would not otherwise be recognised in the income statement. If a hedge relationship no longer meets the criteria for hedge accounting, hedge accounting is discontinued; the cumulative adjustment to the carrying amount of the hedged item is amortised to the income statement on a recalculated effective interest rate, unless the hedged item has been derecognised, in which case it is recognised in the income statement immediately. Cash flow hedge The effective portion of gains and losses on hedging instruments is recognised in other comprehensive income; the ineffective portion ’ . The accumulated gains and losses recognised in other comprehensive income are reclassified to the income statement in the same periods in which the hedged item affects profit or loss. When a hedge relationship is discontinued, or partially discontinued, any cumulative gain or loss recognised in other comprehensive income remains in equity until the forecast transaction is recognised in the income statement. When a forecast transaction is no longer expected to occur, the cumulative gain or loss previously recognised in other comprehensive income is immediately reclassified to the income statement. Net investment hedge Hedges of net investments in foreign operations are accounted for in a similar way to cash flow hedges. The effective portion of gains and losses on the hedging instrument is recognised in other comprehensive income; other gains and losses are recognised immediately in the income statement. Gains and losses previously recognised in other comprehensive income are reclassified to the income statement on the disposal, or part disposal, of the foreign operation. Derivatives that do not qualify for hedge accounting Non-qualifying hedges are derivatives entered into as economic hedges of assets and liabilities for which hedge accounting was not applied. Critical accounting estimates and judgements As a result of the request received by the Financial Stability Board from the G20, a fundamental review and reform of the major interest rate benchmarks is under way across the world’s largest financial markets. The process of replacing existing benchmark interbank offered rates (‘Ibors’) with alternative risk-free rates (‘RFRs’) is at different stages, and is progressing at different speeds, across several major jurisdictions. There is therefore uncertainty as to the timing and the methods of transition for many financial products affected by these changes, and whether some existing benchmarks will continue to be supported in some way. As a result of these developments, significant accounting judgement is involved in determining whether certain hedge accounting relationships that hedge the variability of cash flows and interest rate risk due to changes in Ibors continue to qualify for hedge accounting as at 31 December 2018. Management’s judgement is that those existing hedge accounting relationships continue to be supported at the 2018 year-end. Even though there are plans to replace those rates with economically similar rates based on new RFRs over the next few years, there is widespread continued reliance on Ibors in market pricing structures for long-term products with maturities over the hedged horizons that extend beyond the timescales for replacing Ibors. In addition there is a current absence of term structures on the new RFRs. This judgement will be kept under review in future as markets based on the new RFRs develop, taking into consideration any specific accounting guidance that may be developed to deal with these unusual circumstances. The IASB has commenced the due process for providing clarification on how the guidance for hedge accounting in IAS 39 ‘Financial Instruments: Recognition and Measurement’ and IFRS 9: ‘Financial Instruments’ should be applied in these circumstances, which were not contemplated when the standards were published. |
Impairment of amortised cost and FVOCI financial assets | Impairment of amortised cost and FVOCI financial assets Expected credit losses (‘ECL’) are recognised for loans and advances to banks and customers, non-trading reverse repurchase agreements, other financial assets held at amortised cost, debt instruments measured at FVOCI, and certain loan commitments and financial guarantee contracts. At initial recognition, allowance (or provision in the case of some loan commitments and financial guarantees) is required for ECL resulting from default events that are possible within the next 12 months, or less, where the remaining life is less than 12 months (’12-month ECL’). In the event of a significant increase in credit risk, allowance (or provision) is required for ECL resulting from all possible default events over the expected life of the financial instrument (‘lifetime ECL’). Financial assets where 12-month ECL is recognised are considered to be ‘stage 1’; financial assets that are considered to have experienced a significant increase in credit risk are in ‘stage 2’; and financial assets for which there is objective evidence of impairment so are considered to be in default or otherwise credit impaired are in ‘stage 3’. Purchased or originated credit-impaired financial assets (‘POCI’) are treated differently, as set out below. Credit impaired (stage 3) HSBC determines that a financial instrument is credit impaired and in stage 3 by considering relevant objective evidence, primarily whether: • contractual payments of either principal or interest are past due for more than 90 days; • there are other indications that the borrower is unlikely to pay, such as when a concession has been granted to the borrower for economic or legal reasons relating to the borrower’s financial condition; and • the loan is otherwise considered to be in default. If such unlikeliness to pay is not identified at an earlier stage, it is deemed to occur when an exposure is 90 days past due, even where regulatory rules permit default to be defined based on 180 days past due. Therefore the definitions of credit impaired and default are aligned as far as possible so that stage 3 represents all loans that are considered defaulted or otherwise credit impaired. Interest income is recognised by applying the effective interest rate to the amortised cost amount, i.e. gross carrying amount less ECL allowance. Write-off Financial assets (and the related impairment allowances) are normally written off, either partially or in full, when there is no realistic prospect of recovery. Where loans are secured, this is generally after receipt of any proceeds from the realisation of security. In circumstances where the net realisable value of any collateral has been determined and there is no reasonable expectation of further recovery, write-off may be earlier. Renegotiation Loans are identified as renegotiated and classified as credit impaired when we modify the contractual payment terms due to significant credit distress of the borrower. Renegotiated loans remain classified as credit impaired until there is sufficient evidence to demonstrate a significant reduction in the risk of non-payment of future cash flows and retain the designation of renegotiated until maturity or derecognition. A loan that is renegotiated is derecognised if the existing agreement is cancelled and a new agreement is made on substantially different terms, or if the terms of an existing agreement are modified such that the renegotiated loan is a substantially different financial instrument. Any new loans that arise following derecognition events in these circumstances are considered to be POCI and will continue to be disclosed as renegotiated loans. Other than originated credit-impaired loans, all other modified loans could be transferred out of stage 3 if they no longer exhibit any evidence of being credit impaired and, in the case of renegotiated loans, there is sufficient evidence to demonstrate a significant reduction in the risk of non-payment of future cash flows over the minimum observation period, and there are no other indicators of impairment. These loans could be transferred to stage 1 or 2 based on the mechanism as described below by comparing the risk of a default occurring at the reporting date (based on the modified contractual terms) and the risk of a default occurring at initial recognition (based on the original, unmodified contractual terms). Any amount written off as a result of the modification of contractual terms would not be reversed. Loan modifications that are not credit impaired Loan modifications that are not identified as renegotiated are considered to be commercial restructuring. Where a commercial restructuring results in a modification (whether legalised through an amendment to the existing terms or the issuance of a new loan contract) such that HSBC’s rights to the cash flows under the original contract have expired, the old loan is derecognised and the new loan is recognised at fair value. The rights to cash flows are generally considered to have expired if the commercial restructure is at market rates and no payment-related concession has been provided. Significant increase in credit risk (stage 2) An assessment of whether credit risk has increased significantly since initial recognition is performed at each reporting period by considering the change in the risk of default occurring over the remaining life of the financial instrument. The assessment explicitly or implicitly compares the risk of default occurring at the reporting date compared with that at initial recognition, taking into account reasonable and supportable information, including information about past events, current conditions and future economic conditions. The assessment is unbiased, probability-weighted, and to the extent relevant, uses forward-looking information consistent with that used in the measurement of ECL. The analysis of credit risk is multifactor. The determination of whether a specific factor is relevant and its weight compared with other factors depends on the type of product, the characteristics of the financial instrument and the borrower, and the geographical region. Therefore, it is not possible to provide a single set of criteria that will determine what is considered to be a significant increase in credit risk, and these criteria will differ for different types of lending, particularly between retail and wholesale. However, unless identified at an earlier stage, all financial assets are deemed to have suffered a significant increase in credit risk when 30 days past due. In addition, wholesale loans that are individually assessed, typically corporate and commercial customers, and included on a watch or worry list, are included in stage 2. For wholesale portfolios, the quantitative comparison assesses default risk using a lifetime probability of default (‘PD’) which encompasses a wide range of information including the obligor’s customer risk rating (‘CRR’), macroeconomic condition forecasts and credit transition probabilities. For origination CRRs up to 3.3, significant increase in credit risk is measured by comparing the average PD for the remaining term estimated at origination with the equivalent estimation at the reporting date. The quantitative measure of significance varies depending on the credit quality at origination as follows: Origination CRR Significance trigger - PD to increase by 0.1–1.2 15bps 2.1–3.3 30bps For CRRs greater than 3.3 that are not impaired, a significant increase in credit risk is considered to have occurred when the origination PD has doubled. The significance of changes in PD was informed by expert credit risk judgement, referenced to historical credit migrations and to relative changes in external market rates. For loans originated prior to the implementation of IFRS 9, the origination PD does not include adjustments to reflect expectations of future macroeconomic conditions since these are not available without the use of hindsight. In the absence of this data, origination PD must be approximated assuming through-the-cycle (‘TTC’) PDs and TTC migration probabilities, consistent with the instrument’s underlying modelling approach and the CRR at origination. For these loans, the quantitative comparison is supplemented with additional CRR deterioration-based thresholds, as set out in the table below: Origination CRR Additional significance criteria – number of CRR grade notches deterioration required to identify as significant credit deterioration (stage 2) (> or equal to) 0.1 5 notches 1.1–4.2 4 notches 4.3–5.1 3 notches 5.2–7.1 2 notches 7.2–8.2 1 notch 8.3 0 notch Further information about the 23-grade scale used for CRR can be found on page 119 . For certain portfolios of debt securities where external market ratings are available and credit ratings are not used in credit risk management, the debt securities will be in stage 2 if their credit risk increases to the extent they are no longer considered investment grade. Investment grade is where the financial instrument has a low risk of incurring losses, the structure has a strong capacity to meet its contractual cash flow obligations in the near term, and adverse changes in economic and business conditions in the longer term may, but will not necessarily, reduce the ability of the borrower to fulfil their contractual cash flow obligations. For retail portfolios, default risk is assessed using a reporting date 12-month PD derived from credit scores, which incorporates all available information about the customer. This PD is adjusted for the effect of macroeconomic forecasts for periods longer than 12 months and is considered to be a reasonable approximation of a lifetime PD measure. Retail exposures are first segmented into homogeneous portfolios, generally by country, product and brand. Within each portfolio, the stage 2 accounts are defined as accounts with an adjusted 12-month PD greater than the average 12-month PD of loans in that portfolio 12 months before they become 30 days past due. The expert credit risk judgement is that no prior increase in credit risk is significant. This portfolio-specific threshold identifies loans with a PD higher than would be expected from loans that are performing as originally expected, and higher than what would have been acceptable at origination. It therefore approximates a comparison of origination to reporting date PDs. Unimpaired and without significant increase in credit risk – (stage 1) ECL resulting from default events that are possible within the next 12 months (12-month ECL) are recognised for financial instruments that remain in stage 1. Purchased or originated credit impaired Financial assets that are purchased or originated at a deep discount that reflects the incurred credit losses are considered to be POCI. This population includes the recognition of a new financial instrument following a renegotiation where concessions have been granted for economic or contractual reasons relating to the borrower’s financial difficulty that otherwise would not have been considered. The amount of change-in-lifetime ECL is recognised in profit or loss until the POCI is derecognised, even if the lifetime ECL are less than the amount of ECL included in the estimated cash flows on initial recognition. Movement between stages Financial assets can be transferred between the different categories (other than POCI) depending on their relative increase in credit risk since initial recognition. Financial instruments are transferred out of stage 2 if their credit risk is no longer considered to be significantly increased since initial recognition based on the assessments described above. Except for renegotiated loans, financial instruments are transferred out of stage 3 when they no longer exhibit any evidence of credit impairment as described above. Renegotiated loans that are not POCI will continue to be in stage 3 until there is sufficient evidence to demonstrate a significant reduction in the risk of non-payment of future cash flows, observed over a minimum one-year period and there are no other indicators of impairment. For loans that are assessed for impairment on a portfolio basis, the evidence typically comprises a history of payment performance against the original or revised terms, as appropriate to the circumstances. For loans that are assessed for impairment on an individual basis, all available evidence is assessed on a case-by-case basis. Measurement of ECL The assessment of credit risk and the estimation of ECL are unbiased and probability-weighted, and incorporate all available information that is relevant to the assessment including information about past events, current conditions and reasonable and supportable forecasts of future events and economic conditions at the reporting date. In addition, the estimation of ECL should take into account the time value of money. In general, HSBC calculates ECL using three main components: a probability of default, a loss given default (’LGD’) and the exposure at default (‘EAD’). The 12-month ECL is calculated by multiplying the 12-month PD, LGD and EAD. Lifetime ECL is calculated using the lifetime PD instead. The 12-month and lifetime PDs represent the probability of default occurring over the next 12 months and the remaining maturity of the instrument respectively. The EAD represents the expected balance at default, taking into account the repayment of principal and interest from the balance sheet date to the default event together with any expected drawdowns of committed facilities. The LGD represents expected losses on the EAD given the event of default, taking into account, among other attributes, the mitigating effect of collateral value at the time it is expected to be realised and the time value of money. HSBC leverages the Basel II IRB framework where possible, with recalibration to meet the differing IFRS 9 requirements as set out in the following table: Model Regulatory capital IFRS 9 PD • Through the cycle (represents long-run average PD throughout a full economic cycle) • The definition of default includes a backstop of 90+ days past due, although this has been modified to 180+ days past due for some portfolios, particularly UK and US mortgages • Point in time (based on current conditions, adjusted to take into account estimates of future conditions that will impact PD) • Default backstop of 90+ days past due for all portfolios EAD • Cannot be lower than current balance • Amortisation captured for term products LGD • Downturn LGD (consistent losses expected to be suffered during a severe but plausible economic downturn) • Regulatory floors may apply to mitigate risk of underestimating downturn LGD due to lack of historical data • Discounted using cost of capital • All collection costs included • Expected LGD (based on estimate of loss given default including the expected impact of future economic conditions such as changes in value of collateral) • No floors • Discounted using the original effective interest rate of the loan • Only costs associated with obtaining/selling collateral included Other • Discounted back from point of default to balance sheet date While 12-month PDs are recalibrated from Basel II models where possible, the lifetime PDs are determined by projecting the 12-month PD using a term structure. For the wholesale methodology, the lifetime PD also takes into account credit migration, i.e. a customer migrating through the CRR bands over its life. The ECL for wholesale stage 3 is determined on an individual basis using a discounted cash flow (‘DCF’) methodology. The expected future cash flows are based on the credit risk officer’s estimates as at the reporting date, reflecting reasonable and supportable assumptions and projections of future recoveries and expected future receipts of interest. Collateral is taken into account if it is likely that the recovery of the outstanding amount will include realisation of collateral based on the estimated fair value of collateral at the time of expected realisation, less costs for obtaining and selling the collateral. The cash flows are discounted at a reasonable approximation of the original effective interest rate. For significant cases, cash flows under four different scenarios are probability-weighted by reference to the three economic scenarios applied more generally by the Group and the judgement of the credit risk officer in relation to the likelihood of the workout strategy succeeding or receivership being required. For less significant cases, the effect of different economic scenarios and work-out strategies is approximated and applied as an adjustment to the most likely outcome. Period over which ECL is measured Expected credit loss is measured from the initial recognition of the financial asset. The maximum period considered when measuring ECL (be it 12-month or lifetime ECL) is the maximum contractual period over which HSBC is exposed to credit risk. For wholesale overdrafts, credit risk management actions are taken no less frequently than on an annual basis and therefore this period is to the expected date of the next substantive credit review. The date of the substantive credit review also represents the initial recognition of the new facility. However, where the financial instrument includes both a drawn and undrawn commitment and the contractual ability to demand repayment and cancel the undrawn commitment does not serve to limit HSBC’s exposure to credit risk to the contractual notice period, the contractual period does not determine the maximum period considered. Instead, ECL is measured over the period HSBC remains exposed to credit risk that is not mitigated by credit risk management actions. This applies to retail overdrafts and credit cards, where the period is the average time taken for stage 2 exposures to default or close as performing accounts, determined on a portfolio basis and ranging from between two and six years. In addition, for these facilities it is not possible to identify the ECL on the loan commitment component separately from the financial asset component. As a result, the total ECL is recognised in the loss allowance for the financial asset unless the total ECL exceeds the gross carrying amount of the financial asset, in which case the ECL is recognised as a provision. Forward-looking economic inputs HSBC will in general apply three forward-looking global economic scenarios determined with reference to external forecast distributions representative of our view of forecast economic conditions, the consensus economic scenario approach. This approach is considered sufficient to calculate unbiased expected loss in most economic environments. They represent a most likely outcome (the Central scenario) and two, less likely, outer scenarios referred to as the Upside and Downside scenarios. The Central scenario is the basis for the annual operating planning process and, with regulatory modifications, will also be used in enterprise-wide stress tests. The Upside and Downside scenarios are constructed following a standard process supported by a scenario narrative reflecting the Group’s current top and emerging risks and by consulting external and internal subject matter experts. The relationship between the outer scenarios and Central scenario will generally be fixed with the Central scenario being assigned a weighting of 80% and the Upside and Downside scenarios 10% each, with the difference between the Central and outer scenarios in terms of economic severity being informed by the spread of external forecast distributions among professional industry forecasts. The outer scenarios are economically plausible, internally consistent states of the world and will not necessarily be as severe as scenarios used in stress testing. The period of forecasts is five years for the Central scenario. Upside and Downside scenarios use distributional forecasts for the first two years, after which they converge to the Central forecasts. The spread between the Central and outer scenarios is grounded on consensus distributions of projected gross domestic product of the following economies: UK, France, Hong Kong, mainland China, US and Canada. The economic factors include, but are not limited to, gross domestic product, unemployment, interest rates, inflation and commercial property prices across all the countries and territories in which HSBC operates. In general, the consequences of the assessment of credit risk and the resulting ECL outputs will be probability-weighted using the standard probability weights. This probability weighting may be applied directly or the effect of the probability weighting determined on a periodic basis, at least annually, and then applied as an adjustment to the outcomes resulting from the central economic forecast. The central economic forecast is updated quarterly. HSBC recognises that the consensus economic scenario approach using three scenarios will be insufficient in certain economic environments. Additional analysis may be requested at management’s discretion, including the production of extra scenarios. If conditions warrant, this could result in alternative scenarios and probability weightings being applied in arriving at the ECL. Critical accounting estimates and judgements In determining ECL, management is required to exercise judgement in defining what is considered to be a significant increase in credit risk and in making assumptions and estimates to incorporate relevant information about past events, current conditions and forecasts of economic conditions. Judgement has been applied in determining the lifetime and point of initial recognition of revolving facilities. |
Insurance contracts | Insurance contracts A contract is classified as an insurance contract where HSBC accepts significant insurance risk from another party by agreeing to compensate that party on the occurrence of a specified uncertain future event. An insurance contract may also transfer financial risk, but is accounted for as an insurance contract if the insurance risk is significant. In addition, HSBC issues investment contracts with discretionary participation features (‘DPF ‘), which are also accounted for as insurance contracts as required by IFRS 4 ‘Insurance Contracts’. Net insurance premium income Premiums for life insurance contracts are accounted for when receivable, except in unit-linked insurance contracts where premiums are accounted for when liabilities are established. Reinsurance premiums are accounted for in the same accounting period as the premiums for the direct insurance contracts to which they relate. Net insurance claims and benefits paid and movements in liabilities to policyholders Gross insurance claims for life insurance contracts reflect the total cost of claims arising during the year, including claim handling costs and any policyholder bonuses allocated in anticipation of a bonus declaration. Maturity claims are recognised when due for payment. Surrenders are recognised when paid or at an earlier date on which, following notification, the policy ceases to be included within the calculation of the related insurance liabilities. Death claims are recognised when notified. Reinsurance recoveries are accounted for in the same period as the related claim. Liabilities under insurance contracts Liabilities under non-linked life insurance contracts are calculated by each life insurance operation based on local actuarial principles. Liabilities under unit-linked life insurance contracts are at least equivalent to the surrender or transfer value, which is calculated by reference to the value of the relevant underlying funds or indices. Future profit participation on insurance contracts with DPF Where contracts provide discretionary profit participation benefits to policyholders, liabilities for these contracts include provisions for the future discretionary benefits to policyholders. These provisions reflect the actual performance of the investment portfolio to date and management’s expectation of the future performance of the assets backing the contracts, as well as other experience factors such as mortality, lapses and operational efficiency, where appropriate. The benefits to policyholders may be determined by the contractual terms, regulation, or past distribution policy. Investment contracts with DPF While investment contracts with DPF are financial instruments, they continue to be treated as insurance contracts as required by IFRS 4. The Group therefore recognises the premiums for these contracts as revenue and recognises as an expense the resulting increase in the carrying amount of the liability. In the case of net unrealised investment gains on these contracts, whose discretionary benefits principally reflect the actual performance of the investment portfolio, the corresponding increase in the liabilities is recognised in either the income statement or other comprehensive income, following the treatment of the unrealised gains on the relevant assets. In the case of net unrealised losses, a deferred participating asset is recognised only to the extent that its recoverability is highly probable. Movements in the liabilities arising from realised gains and losses on relevant assets are recognised in the income statement. Present value of in-force long-term insurance business HSBC recognises the value placed on insurance contracts and investment contracts with DPF, which are classified as long-term and in-force at the balance sheet date, as an asset. The asset represents the present value of the equity holders’ interest in the issuing insurance companies’ profits expected to emerge from these contracts written at the balance sheet date. The present value of in-force business (‘PVIF’) is determined by discounting those expected future profits using appropriate assumptions in assessing factors such as future mortality, lapse rates and levels of expenses, and a risk discount rate that reflects the risk premium attributable to the respective contracts. The PVIF incorporates allowances for both non-market risk and the value of financial options and guarantees. The PVIF asset is presented gross of attributable tax in the balance sheet and movements in the PVIF asset are included in ‘Other operating income’ on a gross of tax basis. |
Employee compensation and benefits | Employee compensation and benefits Share-based payments HSBC enters into both equity-settled and cash-settled share-based payment arrangements with its employees as compensation for the provision of their services. The vesting period for these schemes may commence before the legal grant date if the employees have started to render services in respect of the award before the legal grant date, where there is a shared understanding of the terms and conditions of the arrangement. Expenses are recognised when the employee starts to render service to which the award relates. Cancellations result from the failure to meet a non-vesting condition during the vesting period, and are treated as an acceleration of vesting recognised immediately in the income statement. Failure to meet a vesting condition by the employee is not treated as a cancellation, and the amount of expense recognised for the award is adjusted to reflect the number of awards expected to vest. Post-employment benefit plans HSBC operates a number of pension schemes including defined benefit, defined contribution and post-employment benefit schemes. Payments to defined contribution schemes are charged as an expense as the employees render service. Defined benefit pension obligations are calculated using the projected unit credit method. The net charge to the income statement mainly comprises the service cost and the net interest on the net defined benefit asset or liability, and is presented in operating expenses. Remeasurements of the net defined benefit asset or liability, which comprise actuarial gains and losses, return on plan assets excluding interest and the effect of the asset ceiling (if any, excluding interest), are recognised immediately in other comprehensive income. The net defined benefit asset or liability represents the present value of defined benefit obligations reduced by the fair value of plan assets, after applying the asset ceiling test, where the net defined benefit surplus is limited to the present value of available refunds and reductions in future contributions to the plan. The cost of obligations arising from other post-employment plans are accounted for on the same basis as defined benefit pension plans. |
Tax | Tax Income tax comprises current tax and deferred tax. Income tax is recognised in the income statement except to the extent that it relates to items recognised in other comprehensive income or directly in equity, in which case the tax is recognised in the same statement as the related item appears. Current tax is the tax expected to be payable on the taxable profit for the year and on any adjustment to tax payable in respect of previous years. HSBC provides for potential current tax liabilities that may arise on the basis of the amounts expected to be paid to the tax authorities. Deferred tax is recognised on temporary differences between the carrying amounts of assets and liabilities in the balance sheet, and the amounts attributed to such assets and liabilities for tax purposes. Deferred tax is calculated using the tax rates expected to apply in the periods in which the assets will be realised or the liabilities settled. Current and deferred tax are calculated based on tax rates and laws enacted, or substantively enacted, by the balance sheet date. Critical accounting estimates and judgements The recognition of a deferred tax asset relies on an assessment of the probability and sufficiency of future taxable profits, future reversals of existing taxable temporary differences and ongoing tax planning strategies. In the absence of a history of taxable profits, the most significant judgements relate to expected future profitability and to the applicability of tax planning strategies, including corporate reorganisations. |
Provisions | Provisions Provisions are recognised when it is probable that an outflow of economic benefits will be required to settle a present legal or constructive obligation that has arisen as a result of past events and for which a reliable estimate can be made. Critical accounting estimates and judgements Judgement is involved in determining whether a present obligation exists and in estimating the probability, timing and amount of any outflows. Professional expert advice is taken on the assessment of litigation, property (including onerous contracts) and similar obligations. Provisions for legal proceedings and regulatory matters typically require a higher degree of judgement than other types of provisions. When matters are at an early stage, accounting judgements can be difficult because of the high degree of uncertainty associated with determining whether a present obligation exists, and estimating the probability and amount of any outflows that may arise. As matters progress, management and legal advisers evaluate on an ongoing basis whether provisions should be recognised, revising previous judgements and estimates as appropriate. At more advanced stages, it is typically easier to make judgements and estimates around a better defined set of possible outcomes. However, the amount provisioned can remain very sensitive to the assumptions used. There could be a wide range of possible outcomes for any pending legal proceedings, investigations or inquiries. As a result, it is often not practicable to quantify a range of possible outcomes for individual matters. It is also not practicable to meaningfully quantify ranges of potential outcomes in aggregate for these types of provisions because of the diverse nature and circumstances of such matters and the wide range of uncertainties involved. Provisions for customer remediation also require significant levels of estimation and judgement. The amounts of provisions recognised depend on a number of different assumptions, such as the volume of inbound complaints, the projected period of inbound complaint volumes, the decay rate of complaint volumes, the population identified as systemically mis-sold and the number of policies per customer complaint. |
Contingent liabilities | Contingent liabilities Contingent liabilities, which include certain guarantees and letters of credit pledged as collateral security, and contingent liabilities related to legal proceedings or regulatory matters, are not recognised in the financial statements but are disclosed unless the probability of settlement is remote. |
Financial guarantee contracts | Financial guarantee contracts Liabilities under financial guarantee contracts that are not classified as insurance contracts are recorded initially at their fair value, which is generally the fee received or present value of the fee receivable. HSBC Holdings has issued financial guarantees and similar contracts to other Group entities. HSBC elects to account for certain guarantees as insurance contracts in HSBC Holdings’ financial statements, in which case they are measured and recognised as insurance liabilities. This election is made on a contract-by-contract basis, and is irrevocable. |
Credit quality of financial instruments | Unsecured personal facilities, including credit cards, are generally written off at between 150 and 210 days past due. The standard period runs until the end of the month in which the account becomes 180 days contractually delinquent. Write-off periods may be extended, generally to no more than 360 days past due. However, in exceptional circumstances, they may be extended further. Credit-impaired loans (Audited) HSBC determines that a financial instrument is credit impaired and in stage 3 by considering relevant objective evidence, primarily whether: • contractual payments of either principal or interest are past due for more than 90 days; • there are other indications that the borrower is unlikely to pay, such as when a concession has been granted to the borrower for economic or legal reasons relating to the borrower’s financial condition; and • the loan is otherwise considered to be in default. If such unlikeliness to pay is not identified at an earlier stage, it is deemed to occur when an exposure is 90 days past due, even where regulatory rules permit default to be defined based on 180 days past due. Therefore, the definitions of credit impaired and default are aligned as far as possible so that stage 3 represents all loans that are considered defaulted or otherwise credit impaired. |
Basis of preparation | Basis of preparation The Group Chief Executive, supported by the rest of the GMB, is considered the Chief Operating Decision Maker (‘CODM’) for the purposes of identifying the Group’s reportable segments. Global business results are assessed by the CODM on the basis of adjusted performance that removes the effects of significant items and currency translation from reported results. We therefore present these results on an adjusted basis as required by IFRSs. The 2017 and 2016 adjusted performance information is presented on a constant currency basis as described on page 34. As required by IFRS 8, reconciliations of the total adjusted global business results to the Group reported results are presented on page 65. Supplementary reconciliations from reported to adjusted results by global business are presented on pages 67 to 69 for information purposes. |
Net fee income (Tables)
Net fee income (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Analysis of income and expense [abstract] | |
Summary of net fee income | Net fee income by global business 2018 2017 2016 Retail Commercial Global Global Private Corporate Centre Total Total Total $m $m $m $m $m $m $m $m Funds under management 1,383 134 421 284 (1 ) 2,221 2,188 2,076 Account services 991 748 332 106 — 2,177 2,244 2,417 Cards 1,575 370 16 — (5 ) 1,956 1,994 1,970 Credit facilities 71 824 813 16 (1 ) 1,723 1,718 1,795 Broking income 494 44 533 139 — 1,210 1,191 1,060 Unit trusts 937 25 3 73 — 1,038 1,010 863 Remittances 96 357 320 5 — 778 759 766 Global custody 100 18 584 35 (1 ) 736 692 662 Underwriting 1 10 708 4 — 723 829 705 Imports/exports 3 532 176 2 (4 ) 709 736 820 Insurance agency commission 354 23 1 27 (1 ) 404 410 419 Other 1,110 858 2,362 186 (2,147 ) 2,369 2,082 2,116 Fee income 7,115 3,943 6,269 877 (2,160 ) 16,044 15,853 15,669 Less: fee expense (1,917 ) (388 ) (3,040 ) (135 ) 2,056 (3,424 ) (3,042 ) (2,892 ) Net Fee income 5,198 3,555 3,229 742 (104 ) 12,620 12,811 12,777 |
Net income_(expense) from fin_2
Net income/(expense) from financial instruments measured at fair value through profit and loss (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Analysis of income and expense [abstract] | |
Disclosure of net income/(expense) from financial instruments measured at fair value through profit and loss | 2018 2017 2016 Footnotes $m $m $m Net income/(expense) arising on: Net trading activities 1 6,982 8,236 7,473 Other instruments managed on a fair value basis 1 2,549 190 48 Net income from financial instruments held for trading or managed on a fair value basis 2 9,531 8,426 7,521 Financial assets held to meet liabilities under insurance and investment contracts (1,585 ) 3,211 1,480 Liabilities to customers under investment contracts 97 (375 ) (218 ) Net income from assets and liabilities of insurance businesses, including related derivatives, measured at fair value through profit or loss (1,488 ) 2,836 1,262 Changes in own credit spread on long-term debt 3 — — (1,793 ) Derivatives managed in conjunction with HSBC’s issued debt securities (626 ) (343 ) (1,604 ) Other changes in fair value 529 498 1,400 Changes in fair value of long-term debt and related derivatives 2 (97 ) 155 (1,997 ) Changes in fair value of other financial instruments mandatorily measured at fair value through profit or loss 695 N/A N/A Year ended 31 Dec 8,641 11,417 6,786 1 At 1 January 2018 we changed our accounting policy for financial liabilities that contain both deposit and derivative components. As a result, net income from these instruments is reported in ‘Other instruments managed on a fair value basis’ rather than ‘Trading activities’. Comparative periods have not been re-presented. Refer to Note 1 ‘Basis of preparation and accounting policies’ for further details. 2 Prior to 2018, foreign exchange exposure on some financial instruments designated at fair value was presented in the same line in the income statement as the underlying fair value movement on these instruments. In 2018, we grouped the presentation of the entire effect of foreign exchange exposure in profit or loss and presented it within ‘Net trading activities’ in ‘Net income from financial instruments held for trading or managed on a fair value basis’. Comparative data has been re-presented. There is no net impact on Total operating income and the impact on ‘Changes in fair value of long-term debt and related derivatives’ is $(517)m in 2017 and $1,978m in 2016. 3 From 1 January 2017, HSBC Holdings plc adopted, in its consolidated financial statements, the requirements of IFRS 9 ‘Financial Instruments’ relating to the presentation of gains and losses on financial liabilities designated at fair value. As a result, changes in fair value attributable to changes in own credit risk are presented in other comprehensive income with the remaining effect presented in profit or loss. 2018 2017 2016 $m $m $m Net income/(expense) arising on: - trading activities (176 ) (392 ) 119 - other instruments managed at on a fair value basis 421 211 — Net income from financial instruments held for trading or managed on a fair value basis 245 (181 ) 119 – derivatives managed in conjunction with HSBC Holdings issued debt securities (337 ) 292 (642 ) – other changes in fair value 260 (189 ) 593 Changes in fair value of long-term debt and related derivatives (77 ) 103 (49 ) Changes in fair value of other financial instruments mandatorily measured at fair value through profit or loss 43 — — Year ended 31 Dec 211 (78 ) 70 |
Insurance business (Tables)
Insurance business (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Insurance Contracts [Abstract] | |
Schedule of net insurance premium income and liabilities under insurance contracts | Net insurance premium income Non-linked insurance Linked life insurance Investment contracts with DPF 1 Total $m $m $m $m Gross insurance premium income 8,616 422 2,300 11,338 Reinsurers’ share of gross insurance premium income (672 ) (7 ) — (679 ) Year ended 31 Dec 2018 7,944 415 2,300 10,659 Gross insurance premium income 8,424 351 2,027 10,802 Reinsurers’ share of gross insurance premium income (1,016 ) (7 ) — (1,023 ) Year ended 31 Dec 2017 7,408 344 2,027 9,779 Gross insurance premium income 8,036 675 1,877 10,588 Reinsurers’ share of gross insurance premium income (629 ) (8 ) — (637 ) Year ended 31 Dec 2016 7,407 667 1,877 9,951 1 Discretionary participation features. Net insurance claims and benefits paid and movement in liabilities to policyholders Non-linked insurance Linked life insurance Investment contracts with DPF 1 Total $m $m $m $m Gross claims and benefits paid and movement in liabilities 8,943 (446 ) 1,724 10,221 – claims, benefits and surrenders paid 3,852 1,088 1,869 6,809 – movement in liabilities 5,091 (1,534 ) (145 ) 3,412 Reinsurers’ share of claims and benefits paid and movement in liabilities (605 ) 191 — (414 ) – claims, benefits and surrenders paid (311 ) (181 ) — (492 ) – movement in liabilities (294 ) 372 — 78 Year ended 31 Dec 2018 8,338 (255 ) 1,724 9,807 Gross claims and benefits paid and movement in liabilities 8,894 1,413 2,901 13,208 – claims, benefits and surrenders paid 2,883 1,044 2,002 5,929 – movement in liabilities 6,011 369 899 7,279 Reinsurers’ share of claims and benefits paid and movement in liabilities (942 ) 65 — (877 ) – claims, benefits and surrenders paid (297 ) (223 ) — (520 ) – movement in liabilities (645 ) 288 — (357 ) Year ended 31 Dec 2017 7,952 1,478 2,901 12,331 Gross claims and benefits paid and movement in liabilities 8,778 1,321 2,409 12,508 – claims, benefits and surrenders paid 2,828 749 2,017 5,594 – movement in liabilities 5,950 572 392 6,914 Reinsurers’ share of claims and benefits paid and movement in liabilities (560 ) (78 ) — (638 ) – claims, benefits and surrenders paid (112 ) (14 ) — (126 ) – movement in liabilities (448 ) (64 ) — (512 ) Year ended 31 Dec 2016 8,218 1,243 2,409 11,870 1 Discretionary participation features. Liabilities under insurance contracts Non-linked insurance Linked life insurance Investment contracts with DPF 1 Total Footnotes $m $m $m $m Gross liabilities under insurance contracts at 1 Jan 2018 52,112 7,548 26,007 85,667 Impact on transition to IFRS 9 (69 ) — — (69 ) Claims and benefits paid (3,852 ) (1,088 ) (1,869 ) (6,809 ) Increase in liabilities to policyholders 8,943 (446 ) 1,724 10,221 Exchange differences and other movements 2 149 (225 ) (1,604 ) (1,680 ) Gross liabilities under insurance contracts at 31 Dec 2018 57,283 5,789 24,258 87,330 Reinsurers’ share of liabilities under insurance contracts (2,438 ) (68 ) — (2,506 ) Net liabilities under insurance contracts at 31 Dec 2018 54,845 5,721 24,258 84,824 Gross liabilities under insurance contracts at 1 Jan 2017 46,043 6,949 22,281 75,273 Claims and benefits paid (2,883 ) (1,044 ) (2,002 ) (5,929 ) Increase in liabilities to policyholders 8,894 1,413 2,901 13,208 Exchange differences and other movements 2 58 230 2,827 3,115 Gross liabilities under insurance contracts at 31 Dec 2017 52,112 7,548 26,007 85,667 Reinsurers’ share of liabilities under insurance contracts (2,203 ) (268 ) — (2,471 ) Net liabilities under insurance contracts at 31 Dec 2017 49,909 7,280 26,007 83,196 1 Discretionary participation features. 2 ‘Exchange differences and other movements’ includes movements in liabilities arising from net unrealised investment gains recognised in other comprehensive income. |
Operating profit (Tables)
Operating profit (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Analysis of income and expense [abstract] | |
Components of operating profit | Operating profit is stated after the following items: 2018 2017 2016 Footnotes $m $m $m Income Interest recognised on impaired financial assets 263 261 574 Interest recognised on financial assets measured at amortised cost 1 42,130 N/A N/A Interest recognised on financial assets measured at fair value through other comprehensive income 1 7,020 N/A N/A Expense Interest on financial instruments, excluding interest on financial liabilities held for trading or designated or otherwise mandatorily measured at fair value (16,972 ) (10,912 ) (11,858 ) Payments under lease and sublease agreements (879 ) (936 ) (969 ) – minimum lease payments (862 ) (911 ) (945 ) – contingent rents and sublease payments (17 ) (25 ) (24 ) UK bank levy (964 ) (916 ) (922 ) Restructuring provisions (73 ) (204 ) (415 ) Gains/(losses) Impairment of available-for-sale equity securities N/A (98 ) (36 ) Gains/(losses) recognised on assets held for sale 27 195 (206 ) Loss on net monetary position (136 ) — — Gain/(loss) on disposal of operations in Brazil (15 ) 19 (1,743 ) Change in expected credit loss charges and other credit impairment charges (1,767 ) N/A N/A – loans and advances to banks and customers (1,896 ) N/A N/A – loans commitments and guarantees 3 N/A N/A – other financial assets 21 N/A N/A – debt instruments measured at fair value though other comprehensive income 105 N/A N/A Loan impairment charges and other credit risk provisions N/A (1,769 ) (3,400 ) – net impairment charge on loans and advances N/A (1,992 ) (3,350 ) – release of impairment on available-for-sale debt securities N/A 190 63 – other credit risk provisions N/A 33 (113 ) |
External net operating income by country | External net operating income is attributed to countries and territories on the basis of the location of the branch responsible for reporting the results or advancing the funds: 2018 2017 2016 Footnotes $m $m $m External net operating income by country/territory 2 53,780 51,445 47,966 – UK 10,340 11,057 9,495 – Hong Kong 17,162 14,992 12,864 – US 4,379 4,573 5,094 – France 1,898 2,203 2,571 – other countries 20,001 18,620 17,942 1 Interest revenue calculated using the effective interest method comprises interest recognised on financial assets measured at either amortised cost or fair value through other comprehensive income. 2 Net operating income before change in expected credit losses and other credit impairment charges/Loan impairment charges and other credit risk provisions, also referred to as revenue. |
Employee compensation and ben_2
Employee compensation and benefits (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Employee Compensation And Benefits [Abstract] | |
Disclosure of employee compensation and benefits | 2018 2017 2016 $m $m $m Wages and salaries 14,751 15,227 15,735 Social security costs 1,490 1,419 1,312 Post-employment benefits 1,132 669 1,042 Year ended 31 Dec 17,373 17,315 18,089 |
Disclosure of average number of employees | Average number of persons employed by HSBC during the year by global business Footnotes 2018 2017 2016 Retail Banking and Wealth Management 135,239 134,021 137,234 Commercial Banking 48,757 46,716 45,912 Global Banking and Markets 48,990 49,100 47,623 Global Private Banking 8,206 7,817 8,322 Corporate Centre 1 1,658 7,134 7,842 Year ended 31 Dec 242,850 244,788 246,933 1 The reduction in the average number of people employed was due to the completion of the cost to achieve transformation programme at the end of 2017. Average number of persons employed by HSBC during the year by geographical region 2018 2017 2016 Europe 67,007 70,301 71,196 Asia 127,992 125,004 122,282 Middle East and North Africa 9,798 10,408 12,021 North America 17,350 18,610 20,353 Latin America 20,703 20,465 21,081 Year ended 31 Dec 242,850 244,788 246,933 |
Disclosure of total incentive awards granted to income statement charge | Reconciliation of total incentive awards granted to income statement charge 2018 2017 2016 $m $m $m Total incentive awards approved for the current year 3,473 3,303 3,035 Less: deferred bonuses awarded, expected to be recognised in future periods (351 ) (337 ) (323 ) Total incentives awarded and recognised in the current year 3,122 2,966 2,712 Add: current year charges for deferred bonuses from previous years 322 336 371 Other (70 ) (78 ) (128 ) Income statement charge for incentive awards 3,374 3,224 2,955 |
Disclosure of deferred incentive awards recognized and expected to be recognized | Year in which income statement is expected to reflect deferred bonuses Charge recognised Expected charge 2018 2017 2016 2019 2020 and beyond $m $m $m $m $m Variable compensation from 2018 bonus pool 150 — — 149 202 Variable compensation from 2017 bonus pool 180 162 — 60 29 Variable compensation from 2016 bonus pool and earlier 142 336 320 111 85 Total 472 498 320 320 316 Cash awards 169 184 114 102 113 Equity awards 303 314 206 218 203 |
Explanation of effect of share-based payments on entity's profit or loss | ‘Wages and salaries’ includes the effect of share-based payments arrangements, of which $450m were equity settled (2017: $500m ; 2016: $534m ), as follows: 2018 2017 2016 $m $m $m Restricted share awards 499 520 591 Savings-related and other share award option plans 23 26 33 Year ended 31 Dec 522 546 624 |
Disclosure of terms and conditions of share-based payment arrangement | HSBC share awards Award Policy Deferred share awards (including annual incentive awards, LTI awards delivered in shares) and Group Performance Share Plans (‘GPSP’) • An assessment of performance over the relevant period ending on 31 December is used to determine the amount of the award to be granted. International Employee Share Purchase Plan (‘ShareMatch’) • The plan was first introduced in Hong Kong in 2013 and now includes employees based in 27 jurisdictions. HSBC share option plans Main plans Policy Savings-related share option plans (‘Sharesave’) • Two plans: the UK Plan and the International Plan. The last grant of options under the International Plan was in 2012. |
Disclosure of number and weighted average exercise prices of other equity instruments | Movement on HSBC share awards 2018 2017 Number Number (000s) (000s) Restricted share awards outstanding at 1 Jan 104,525 123,166 Additions during the year 61,569 62,044 Released in the year (67,899 ) (76,051 ) Forfeited in the year (3,298 ) (4,634 ) Restricted share awards outstanding at 31 Dec 94,897 104,525 Weighted average fair value of awards granted ($) 7.66 7.09 |
Disclosure of number and weighted average exercise prices of share options | Movement on HSBC share option plans Savings-related Number WAEP 1 Footnotes (000s) £ Outstanding at 1 Jan 2018 64,670 4.49 Granted during the year 2 20,501 5.45 Exercised during the year 3 (23,260 ) 4.14 Expired during the year (3,148 ) 5.20 Forfeited during the year (1,698 ) 4.53 Outstanding at 31 Dec 2018 57,065 4.92 Of which exercisable 3,513 4.09 Weighted average remaining contractual life (years) 2.59 Outstanding at 1 Jan 2017 70,027 4.30 Granted during the year 2 10,447 5.96 Exercised during the year 3 (9,503 ) 4.83 Expired during the year (3,902 ) 4.45 Forfeited during the year (2,399 ) 4.27 Outstanding at 31 Dec 2017 64,670 4.49 Of which exercisable 1,129 5.00 Weighted average remaining contractual life (years) 2.42 1 Weighted average exercise price. 2 The weighted average fair value of options granted during the year was $1.40 (2017: $1.29 ). 3 The weighted average share price at the date the options were exercised was $8.28 (2017: $9.93 ). |
Disclosure of defined benefit plan expense recognized In profit or loss explanatory | Income statement charge 2018 2017 2016 $m $m $m Defined benefit pension plans 355 100 218 Defined contribution pension plans 756 603 783 Pension plans 1,111 703 1,001 Defined benefit and contribution healthcare plans 21 (34 ) 41 Year ended 31 Dec 1,132 669 1,042 |
Disclosure of net defined benefit liability (asset) | Net assets/(liabilities) recognised on the balance sheet in respect of defined benefit plans Fair value of Present value of defined benefit Effect of Total $m $m $m $m Defined benefit pension plans 42,799 (36,583 ) (35 ) 6,181 Defined benefit healthcare plans 110 (524 ) — (414 ) At 31 Dec 2018 42,909 (37,107 ) (35 ) 5,767 Total employee benefit liabilities (within ‘Accruals, deferred income and other liabilities’) (2,167 ) Total employee benefit assets (within ‘Prepayments, accrued income and other assets’) 7,934 Defined benefit pension plans 47,265 (40,089 ) (37 ) 7,139 Defined benefit healthcare plans 124 (663 ) — (539 ) At 31 Dec 2017 47,389 (40,752 ) (37 ) 6,600 Total employee benefit liabilities (within ‘Accruals, deferred income and other liabilities’) (2,152 ) Total employee benefit assets (within ‘Prepayments, accrued income and other assets’) 8,752 Net asset/(liability) under defined benefit pension plans Fair value of plan assets Present value of defined benefit obligations Effect of the asset ceiling Net defined benefit asset/(liability) Principal plan Other plans Principal plan Other plans Principal plan Other plans Principal plan Other plans $m $m $m $m $m $m $m $m At 1 Jan 2018 38,265 9,000 (30,126 ) (9,963 ) — (37 ) 8,139 (1,000 ) Current service cost — — (66 ) (157 ) — — (66 ) (157 ) Past service cost and gains/(losses) from settlements — — (280 ) 8 — — (280 ) 8 Service cost — — (346 ) (149 ) — — (346 ) (149 ) Net interest income/(cost) on the net defined benefit asset/(liability) 970 220 (759 ) (249 ) — (1 ) 211 (30 ) Remeasurement effects recognised in other comprehensive income (1,501 ) (568 ) 1,180 413 — — (321 ) (155 ) – return on plan assets (excluding interest income) (1,501 ) (568 ) — — — — (1,501 ) (568 ) – actuarial gains/(losses) — — 1,051 505 — — 1,051 505 – other changes — — 129 (92 ) — — 129 (92 ) Exchange differences (2,038 ) (151 ) 1,601 86 — 3 (437 ) (62 ) Contributions by HSBC 197 128 — — — — 197 128 – normal 197 128 — — — — 197 128 – special — — — — — — — — Contributions by employees — 26 — (26 ) — — — — Benefits paid (1,138 ) (538 ) 1,138 544 — — — 6 Administrative costs and taxes paid by plan (51 ) (22 ) 51 22 — — — — At 31 Dec 2018 34,704 8,095 (27,261 ) (9,322 ) — (35 ) 7,443 (1,262 ) Present value of defined benefit obligation relating to: – actives (5,337 ) (4,443 ) – deferreds (8,200 ) (1,589 ) – pensioners (13,724 ) (3,290 ) At 1 Jan 2017 33,442 8,955 (29,279 ) (10,468 ) — (24 ) 4,163 (1,537 ) Current service cost — — (65 ) (160 ) — — (65 ) (160 ) Past service cost and gains/(losses) from settlements — (833 ) (231 ) 1,051 — — (231 ) 218 Service cost — (833 ) (296 ) 891 — — (296 ) 58 Net interest income/(cost) on the net defined benefit asset/(liability) 864 272 (750 ) (300 ) — (1 ) 114 (29 ) Remeasurement effects recognised in other comprehensive income 1,410 784 1,730 (486 ) — (9 ) 3,140 289 – return on plan assets (excluding interest income) 1,410 784 — — — — 1,410 784 – actuarial gains/(losses) — — 954 (491 ) — (9 ) 954 (500 ) – other changes — — 776 5 — — 776 5 Exchange differences 3,292 239 (2,723 ) (306 ) — (3 ) 569 (70 ) Contributions by HSBC 449 236 — — — — 449 236 – normal 58 215 — — — — 58 215 – special 391 21 — — — — 391 21 Contributions by employees — 27 — (27 ) — — — — Benefits paid (1,143 ) (663 ) 1,143 716 — — — 53 Administrative costs and taxes paid by plan (49 ) (17 ) 49 17 — — — — At 31 Dec 2017 38,265 9,000 (30,126 ) (9,963 ) — (37 ) 8,139 (1,000 ) Present value of defined benefit obligation relating to: – actives (5,837 ) (5,084 ) – deferreds (8,745 ) (1,663 ) – pensioners (15,544 ) (3,216 ) |
Disclosure of information about maturity profile of defined benefit obligation | Benefits expected to be paid from the plans to retirees over each of the next five years, and in aggregate for the five years thereafter, are as follows: Benefits expected to be paid from plans 2019 2020 2021 2022 2023 2024 - 2028 Footnotes $m $m $m $m $m $m The principal plan 1 820 856 911 981 1,004 5,248 Other plans 1 442 517 522 514 469 2,286 1 The duration of the defined benefit obligation is 17.0 years for the principal plan under the disclosure assumptions adopted (2017: 17.4 years) and 13.3 years for all other plans combined (2017: 12.9 years). |
Disclosure of fair value of plan assets | Fair value of plan assets by asset classes 31 Dec 2018 31 Dec 2017 Value Quoted No quoted Thereof 1 Value Quoted No quoted Thereof 1 $m $m $m $m $m $m $m $m The principal plan Fair value of plan assets 34,704 31,300 3,404 1,034 38,265 33,624 4,641 1,006 – equities 3,675 3,675 — — 6,131 5,503 628 — – bonds 26,509 26,509 — — 26,591 26,591 — — – derivatives 2,030 — 2,030 1,034 2,398 — 2,398 1,006 – other 2,490 1,116 1,374 — 3,145 1,530 1,615 — Other plans Fair value of plan assets 8,095 6,795 1,300 182 9,000 7,737 1,263 114 – equities 1,663 742 921 2 2,005 1,340 665 — – bonds 5,707 5,559 148 7 5,871 5,714 157 7 – derivatives 37 — 37 — — 39 (39 ) — – other 688 494 194 173 1,124 644 480 107 1 The fair value of plan assets includes derivatives entered into with HSBC Bank plc as detailed in Note 36 . |
Disclosure of defined benefit plans | Key actuarial assumptions for the principal plan Discount rate Inflation rate Rate of increase for pensions Rate of pay increase % % % % UK At 31 Dec 2018 2.80 3.40 3.10 3.65 At 31 Dec 2017 2.60 3.40 3.10 3.88 At 31 Dec 2016 2.50 3.50 3.20 4.00 Mortality tables and average life expectancy at age 65 for the principal plan Mortality table Life expectancy at age 65 for a male member currently: Life expectancy at age 65 for a female member currently: Aged 65 Aged 45 Aged 65 Aged 45 UK At 31 Dec 2018 SAPS S2 1 21.6 22.9 24.1 25.6 At 31 Dec 2017 SAPS S2 2 22.2 23.6 24.4 25.9 1 Self-administered pension scheme (‘SAPS’) S2 table (males: 'All pensioners' version; females: 'Normal pensions' version) with a multiplier of 1.05 for male and 1.01 for female pensioners. Improvements are projected in accordance with the continuous mortality investigation (‘CMI’) core projection model 2016 with a long-term rate of improvement of 1.25% per annum. Separate tables assuming lighter mortality have been applied to higher-paid pensioners. 2 Self-administered pension scheme (‘SAPS’) S2 table (males: 'All pensioners' version; females: 'Normal pensions' version) with a multiplier of 0.98 for both male and female pensioners. Improvements are projected in accordance with the continuous mortality investigation (‘CMI’) core projection model 2016 with a long-term rate of improvement of 1.25% per annum. Separate tables assuming lighter mortality have been applied to higher-paid pensioners. |
Disclosure of sensitivity analysis for actuarial assumptions | The effect of changes in key assumptions on the principal plan Impact on HSBC Bank (UK) Pension Scheme obligation Financial impact of increase Financial impact of decrease 2018 2017 2018 2017 $m $m $m $m Discount rate – increase/decrease of 0.25% (1,097 ) (1,246 ) 1,170 1,333 Inflation rate – increase/decrease of 0.25% 734 850 (724 ) (837 ) Pension payments and deferred pensions – increase/decrease of 0.25% 1,172 1,077 (1,105 ) (1,021 ) Pay – increase/decrease of 0.25% 55 62 (56 ) (61 ) Change in mortality – increase of 1 year 1,494 1,332 N/A N/A |
Auditors' remuneration (Tables)
Auditors' remuneration (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Additional information [abstract] | |
Schedule of auditors' remuneration | 2018 2017 2016 Footnotes $m $m $m Audit fees payable to PwC 1 86.6 84.8 65.7 Other audit fees payable 0.9 1.2 1.6 Year ended 31 Dec 87.5 86.0 67.3 Fees payable by HSBC to PwC 6 2018 2017 2016 Footnotes $m $m $m Fees for HSBC Holdings’ statutory audit 2 16.4 15.1 14.0 Fees for other services provided to HSBC 103.1 114.6 97.1 – audit of HSBC’s subsidiaries 3 70.2 69.7 51.7 – audit-related assurance services 4 11.4 10.8 17.8 – other assurance services 5 13.5 25.2 14.9 – taxation compliance services 1.4 1.2 1.9 – taxation advisory services 0.1 — 0.4 – other non-audit services 5 6.5 7.7 10.4 Year ended 31 Dec 119.5 129.7 111.1 |
Schedule of fees payable by HSBC's associated pension schemes to PwC | Fees payable by HSBC’s associated pension schemes to PwC 2018 2017 2016 $000 $000 $000 Audit of HSBC’s associated pension schemes 172 260 208 Audit-related assurance services — 4 4 Year ended 31 Dec 172 264 212 1 The 2016 audit fees payable amount includes $4.2m related to the prior year audit in respect of overruns. 2 Fees payable to PwC for the statutory audit of the consolidated financial statements of HSBC and the separate financial statements of HSBC Holdings. They include amounts payable for services relating to the consolidation returns of HSBC Holdings’ subsidiaries, which are clearly identifiable as being in support of the Group audit opinion. 3 Fees payable for the statutory audit of the financial statements of HSBC’s subsidiaries, including the 2017 and 2016 changes in scope and additional procedures performed due to the technology systems and data access controls matter as described on page 252 . 4 Including services for assurance and other services that relate to statutory and regulatory filings, including comfort letters and interim reviews and work performed related to the implementation of IFRS 9. 5 Including other permitted services relating to advisory, corporate finance transactions, etc. 6 The 2017 and 2016 comparative data has been re-presented to align to the current year presentation of fees payable. The totals remain unchanged for both 2017 and 2016 |
Tax (Tables)
Tax (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Income Taxes [Abstract] | |
Schedule of tax expense | Tax expense 2018 2017 2016 Footnotes $m $m $m Current tax 1 4,195 4,264 3,669 – for this year 4,158 4,115 3,525 – adjustments in respect of prior years 37 149 144 Deferred tax 670 1,024 (3 ) – origination and reversal of temporary differences 656 (228 ) (111 ) – effect of changes in tax rates 17 1,337 (4 ) – adjustments in respect of prior years (3 ) (85 ) 112 Year ended 31 Dec 4,865 5,288 3,666 1 Current tax included Hong Kong profits tax of $1,532m (2017: $1,350m ; 2016: $1,118m ). The Hong Kong tax rate applying to the profits of subsidiaries assessable in Hong Kong was 16.5% (2017: 16.5% ; 2016: 16.5% ). |
Schedule of tax reconciliation | The tax charged to the income statement differs from the tax charge that would apply if all profits had been taxed at the UK corporation tax rate as follows: 2018 2017 2016 $m % $m % $m % Profit before tax 19,890 17,167 7,112 Tax expense Taxation at UK corporation tax rate of 19.00% (2017: 19.25%; 2016: 20.0%) 3,779 19.00 3,305 19.25 1,422 20.00 Impact of differently taxed overseas profits in overseas locations 264 1.3 407 2.3 43 0.6 Items increasing tax charge in 2018: – local taxes and overseas withholding taxes 437 2.2 618 3.6 434 6.1 – UK tax losses not recognised 435 2.2 70 0.4 305 4.3 – other permanent disallowables 396 2.0 400 2.3 438 6.2 – UK banking surcharge 229 1.1 136 0.8 199 2.8 – bank levy 191 1.0 180 1.0 170 2.4 – non-deductible regulatory settlements 153 0.8 (132 ) (0.8 ) 20 0.3 – impacts of hyperinflation 78 0.4 — — — — – adjustments in respect of prior period liabilities 34 0.2 64 0.4 256 3.6 – non-UK tax losses not recognised 32 0.2 33 0.2 147 2.1 – change in tax rates 17 0.1 49 0.3 (4 ) (0.1 ) – non-deductible UK customer compensation 16 0.1 166 1.0 162 2.3 – deferred tax remeasurement due to US federal tax rate reduction — — 1,288 7.5 — — – non-deductible goodwill write-down — — — — 648 9.1 – non-deductible loss and taxes suffered on Brazil disposal — — — — 464 6.5 Items reducing tax charge in 2018: – non-taxable income and gains (691 ) (3.5 ) (766 ) (4.4 ) (577 ) (8.1 ) – effect of profits in associates and joint ventures (492 ) (2.5 ) (481 ) (2.8 ) (461 ) (6.5 ) – other items (13 ) (0.1 ) — — — — – other deferred tax temporary differences previously not recognised — — (49 ) (0.3 ) — — Year ended 31 Dec 4,865 24.5 5,288 30.8 3,666 51.6 |
Schedule of movement of deferred tax assets and liabilities | Movement of deferred tax assets and liabilities Loan Unused tax Derivatives, 1 and other Insurance Expense Other Total Footnotes $m $m $m $m $m $m $m Assets 713 1,373 1,282 — 643 2,313 6,324 Liabilities — — (93 ) (1,182 ) — (2,355 ) (3,630 ) At 1 Jan 2018 713 1,373 1,189 (1,182 ) 643 (42 ) 2,694 IFRS 9 transitional adjustment 358 — (411 ) — — 459 406 Income statement (72 ) (203 ) 51 (104 ) 19 (361 ) (670 ) Other comprehensive income — — (722 ) — — 190 (532 ) Equity — — — — — (23 ) (23 ) Foreign exchange and other adjustments (17 ) (14 ) 9 15 (33 ) (4 ) (44 ) At 31 Dec 2018 982 1,156 116 (1,271 ) 629 219 1,831 Assets 2 982 1,156 492 — 629 1,889 5,148 Liabilities 2 — — (376 ) (1,271 ) — (1,670 ) (3,317 ) Assets 950 2,212 1,441 — 893 1,857 7,353 Liabilities — — (274 ) (1,170 ) — (1,369 ) (2,813 ) At 1 Jan 2017 950 2,212 1,167 (1,170 ) 893 488 4,540 Income statement (235 ) (873 ) (397 ) 12 (269 ) 738 (1,024 ) Other comprehensive income 3 (6 ) 368 — — (1,255 ) (890 ) Equity — — — — — 29 29 Foreign exchange and other adjustments (5 ) 40 51 (24 ) 19 (42 ) 39 At 31 Dec 2017 713 1,373 1,189 (1,182 ) 643 (42 ) 2,694 Assets 2 713 1,373 1,282 — 643 2,313 6,324 Liabilities 2 — — (93 ) (1,182 ) — (2,355 ) (3,630 ) 1 Fair value of own debt. 2 After netting off balances within countries, the balances as disclosed in the accounts are as follows: deferred tax assets $4,450m (2017: $4,676m ) and deferred tax liabilities $2,619m (2017: $1,982m ). |
Dividends (Tables)
Dividends (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Interim Financial Reporting [Abstract] | |
Disclosure of dividends to shareholders | Dividends to shareholders of the parent company 2018 2017 2016 Per Total Settled Per Total Settled Per Total Settled $ $m $m $ $m $m $ $m $m Dividends paid on ordinary shares In respect of previous year: – fourth interim dividend 0.21 4,197 393 0.21 4,169 1,945 0.21 4,137 408 In respect of current year: – first interim dividend 0.10 2,008 213 0.10 2,005 826 0.10 1,981 703 – second interim dividend 0.10 1,990 181 0.10 2,014 193 0.10 1,991 994 – third interim dividend 0.10 1,992 707 0.10 2,005 242 0.10 1,990 935 Total 0.51 10,187 1,494 0.51 10,193 3,206 0.51 10,099 3,040 Total dividends on preference shares classified as equity (paid quarterly) 62.00 90 62.00 90 62.00 90 Total coupons on capital securities classified as equity 1,270 1,268 1,090 Dividends to shareholders 11,547 11,551 11,279 |
Disclosure of coupons on capital securities classified as equity | Total coupons on capital securities classified as equity 2018 2017 2016 Total Total Total Footnotes First call date Per security $m $m $m Perpetual subordinated capital securities 1, 3 $2,200m issued at 8.125% Apr 2013 $2.032 89 179 179 $3,800m issued at 8.000% Dec 2015 $2.000 76 304 304 Perpetual subordinated contingent convertible securities 2, 3 $1,500m issued at 5.625% Jan 2020 $56.250 84 84 84 $2,000m issued at 6.875% Jun 2021 $68.750 138 138 69 $2,250m issued at 6.375% Sep 2024 $63.750 143 143 143 $2,450m issued at 6.375% Mar 2025 $63.750 156 156 156 $3,000m issued at 6.000% May 2027 $60.000 180 90 — $2,350m issued at 6.250% Mar 2023 $62.500 73 — — $1,800m issued at 6.500% Mar 2028 $65.000 59 — — €1,500m issued at 5.250% Sep 2022 €52.500 95 89 88 €1,000m issued at 6.000% Sep 2023 €60.000 72 68 67 €1,250m issued at 4.750% July 2029 €47.500 70 — — SGD1,000m issued at 4.700% Jun 2022 SGD47.000 35 17 — Total 1,270 1,268 1,090 1 Discretionary coupons are paid quarterly on the perpetual subordinated capital securities, in denominations of $25 per security. 2 Discretionary coupons are paid semi-annually on the perpetual subordinated contingent convertible securities, in denominations of each security’s issuance currency 1,000 per security. 3 Further details of these securities can be found in Note 32 . |
Earnings per share (Tables)
Earnings per share (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Earnings per share [abstract] | |
Disclosure of detailed information on earnings per share | Profit attributable to the ordinary shareholders of the parent company 2018 2017 2016 $m $m $m Profit attributable to shareholders of the parent company 13,727 10,798 2,479 Dividend payable on preference shares classified as equity (90 ) (90 ) (90 ) Coupon payable on capital securities classified as equity (1,029 ) (1,025 ) (1,090 ) Year ended 31 Dec 12,608 9,683 1,299 Basic and diluted earnings per share 2018 2017 2016 Profit Number of shares Per share Profit Number of shares Per share Profit Number of shares Per share Footnotes $m (millions) $ $m (millions) $ $m (millions) $ Basic 1 12,608 19,896 0.63 9,683 19,972 0.48 1,299 19,753 0.07 Effect of dilutive potential ordinary shares 87 100 92 Diluted 1 12,608 19,983 0.63 9,683 20,072 0.48 1,299 19,845 0.07 1 Weighted average number of ordinary shares outstanding (basic) or assuming dilution (diluted). |
Trading assets (Tables)
Trading assets (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Financial Instruments [Abstract] | |
Disclosure of trading securities | 2018 2017 Footnotes $m $m Treasury and other eligible bills 22,674 17,532 Debt securities 130,539 107,486 Equity securities 60,896 99,260 Trading securities 214,109 224,278 Loans and advances to banks 1, 2 10,425 26,057 Loans and advances to customers 1, 2 13,596 37,660 Year ended 31 Dec 3 238,130 287,995 1 Loans and advances to banks and customers include reverse repos, stock borrowing and other accounts. 2 Settlement accounts, cash collateral and margin receivables included within 'Loans and advances to banks' and 'Loans and advances to customers' were reclassified from ‘Trading assets’ to ‘Other assets’ on 1 January 2018 and comparative data was not restated. This reclassification was in accordance with IFRS 9. 3 Information regarding the effects of adoption of IFRS 9 can be found in Note 37. Trading Securities 1 2018 2017 Footnotes $m $m US Treasury and US Government agencies 2 34,664 15,995 UK Government 9,710 9,540 Hong Kong Government 10,772 10,070 Other governments 66,530 58,858 Asset-backed securities 3 3,351 2,986 Corporate debt and other securities 28,186 27,569 Equity securities 60,896 99,260 At 31 Dec 214,109 224,278 1 Included within these figures are debt securities issued by banks and other financial institutions of $18,918m (2017: $18,585m ), of which $2,367m (2017: $906m ) are guaranteed by various governments. 2 Includes securities that are supported by an explicit guarantee issued by the US Government. 3 Excludes asset-backed securities included under US Treasury and US Government agencies. 2018 2017 Designated at fair value Mandatorily measured at fair value Total Designated at fair value Footnotes $m $m $m $m Securities 2,349 30,217 32,566 29,456 – treasury and other eligible bills 641 29 670 606 – debt securities 1,708 4,839 6,547 4,090 – equity securities — 25,349 25,349 24,760 Loans and advances to banks and customers — 7,717 7,717 8 Other — 828 828 — At 31 Dec 1 2,349 38,762 41,111 29,464 1 Information regarding the effects of adoption of IFRS 9 can be found in Note 37. Securities 1 2018 2017 Designated at fair value Mandatorily measured at fair value Total Designated at fair value Footnotes $m $m $m $m UK Government — — — 17 Hong Kong Government 4 — 4 64 Other governments 673 713 1,386 1,247 Asset-backed securities 2 — 399 399 2 Corporate debt and other securities 1,672 3,756 5,428 3,366 Equities — 25,349 25,349 24,760 At 31 Dec 2,349 30,217 32,566 29,456 1 Included within these figures are debt securities issued by banks and other financial institutions of $ 2,537 m ( 2017 : $ 1,621 m), of which nil ( 2017 : $ 0.4 m) are guaranteed by various governments. 2 Excludes asset-backed securities included under US Treasury and US Government agencies. Carrying amount of financial investments 2018 2017 Footnotes $m $m Financial investments measured at fair value through other comprehensive income 344,767 N/A – treasury and other eligible bills 96,642 N/A – debt securities 246,371 N/A – equity securities 1,657 N/A – other instruments 1 97 N/A Debt instruments measured at amortised cost 2 62,666 N/A – treasury and other eligible bills 679 N/A – debt securities 61,987 N/A Available-for-sale securities at fair value N/A 336,157 – treasury and other eligible bills N/A 78,851 – debt securities N/A 253,389 – equity securities N/A 3,917 Held to maturity securities at amortised cost N/A 52,919 – debt securities 2 N/A 52,919 At 31 Dec 3, 4 407,433 389,076 1 ‘Other instruments’ comprises of loans and advances. 2 Fair value $62.1 bn ( 2017 : $54.1 bn). 3 Categories of financial instruments are disclosed under IFRS 9 at 31 December 2018. These are not directly comparable with 31 December 2017, where the instruments were categorised in accordance with IAS 39. 4 Information regarding the effects of adoption of IFRS 9 can be found in Note 37. Financial investments at amortised cost and fair value 2018 2017 Amortised cost Fair value 1 Amortised cost Fair value 1 Footnotes $m $m $m $m US Treasury 54,941 54,763 41,427 41,274 US Government agencies 2 21,058 20,580 18,691 18,494 US Government-sponsored entities 2 12,867 12,701 10,998 11,033 UK Government 20,576 21,083 17,817 18,538 Hong Kong Government 49,956 49,955 52,269 52,252 Other governments 142,495 144,099 134,766 136,414 Asset-backed securities 3 3,579 3,390 6,187 5,781 Corporate debt and other securities 97,286 98,419 99,136 102,540 Equities 1,353 1,657 2,989 3,917 At 31 Dec 404,111 406,647 384,280 390,243 1 Included within ‘fair value’ figures are debt securities issued by banks and other financial institutions of $ 56 bn ( 2017 : $67 bn), of which $ 8 bn ( 2017 : $15 bn) are guaranteed by various governments. 2 Includes securities that are supported by an explicit guarantee issued by the US Government. 3 Excludes asset-backed securities included under US Government agencies and sponsored entities. Maturities of investments in debt securities at their carrying amount Up to 1 year 1 to 5 years 5 to 10 years Over 10 years Total $m $m $m $m $m Debt securities measured at fair value through other comprehensive income 61,598 124,075 36,194 24,504 246,371 Debt securities measured at amortised cost 2,519 10,086 16,065 33,317 61,987 At 31 Dec 2018 64,117 134,161 52,259 57,821 308,358 Available-for-sale 63,896 122,113 37,292 30,088 253,389 Held to maturity 3,731 9,406 13,482 26,300 52,919 At 31 Dec 2017 67,627 131,519 50,774 56,388 306,308 Contractual maturities and weighted average yields of investment debt securities Up to 1 year 1 to 5 years 5 to 10 years Over 10 years Amount Yield Amount Yield Amount Yield Amount Yield $m % $m % $m % $m % Debt securities measured at fair value through other comprehensive income US Treasury 947 1.6 33,220 2.1 14,396 2.3 2,376 3.1 US Government agencies — — 74 2.1 10 3.8 9,707 2.9 US Government-sponsored agencies 1,361 3.2 1,268 2.6 2,240 2.8 4,309 3.2 UK Government 856 0.9 5,988 1.1 5,472 0.6 859 4.4 Hong Kong Government 456 1.3 551 1.3 63 3.0 — — Other governments 45,390 1.5 48,549 2.8 8,701 2.3 1,489 2.6 Asset-backed securities 16 5.9 25 — 381 2.7 3,156 2.1 Corporate debt and other securities 12,312 1.8 32,893 2.0 4,563 2.3 2,574 3.1 Total amortised cost at 31 Dec 2018 61,338 122,568 35,826 24,470 Total carrying value 61,598 124,075 36,194 24,504 Debt instruments measured at amortised cost US Treasury 34 4.2 53 4.8 1 1.0 152 4.0 US Government agencies — — 18 3.9 26 3.6 11,025 2.6 US Government-sponsored agencies 50 2.2 389 2.7 163 2.6 3,087 3.0 Hong Kong Government 8 4.9 24 1.6 9 1.3 7 1.5 Other governments 329 1.8 470 2.6 451 2.9 744 4.1 Asset-backed securities — — — — — — 2 7.4 Corporate debt and other securities 2,098 3.2 9,132 3.4 15,415 3.4 18,300 3.6 Total amortised cost at 31 Dec 2018 2,519 10,086 16,065 33,317 Total carrying value 2,519 10,086 16,065 33,317 |
Fair values of financial inst_3
Fair values of financial instruments carried at fair value (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Fair Value Measurement [Abstract] | |
Disclosure of fair value measurement of assets | Financial instruments carried at fair value and bases of valuation 2018 2017 Level 1 Level 2 Level 3 Total Level 1 Level 2 Level 3 Total $m $m $m $m $m $m $m $m Recurring fair value measurements Assets Trading assets 178,100 53,271 6,759 238,130 181,168 101,775 5,052 287,995 Financial assets designated and otherwise mandatorily measured at fair value through profit or loss 23,125 12,494 5,492 41,111 N/A N/A N/A N/A Derivatives 1,868 203,534 2,423 207,825 1,017 216,357 2,444 219,818 Financial assets designated at fair value N/A N/A N/A N/A 24,622 3,382 1,460 29,464 Financial investments 263,885 78,882 2,000 344,767 227,943 104,692 3,432 336,067 Liabilities Trading liabilities 66,300 18,073 58 84,431 62,710 117,451 4,200 184,361 Financial liabilities designated at fair value 6,815 136,362 5,328 148,505 4,164 90,265 — 94,429 Derivatives 2,845 201,234 1,756 205,835 1,635 213,242 1,944 216,821 The increase in Level 3 assets in 2018 was primarily due to new private equity investments and new derivative transactions with unobservable inputs. Transfers between Level 1 and Level 2 fair values Assets Liabilities Financial investments Trading assets Designated Derivatives Trading liabilities Designated at fair value Derivatives $m $m $m $m $m $m $m At 31 Dec 2018 Transfers from Level 1 to Level 2 367 435 2 1 79 — — Transfers from Level 2 to Level 1 17,861 4,959 85 128 1,821 — 138 At 31 Dec 2017 Transfers from Level 1 to Level 2 2,231 1,507 — — 35 — — Transfers from Level 2 to Level 1 11,173 1,384 — — 683 — — Financial instruments measured at fair value using a valuation technique with significant unobservable inputs – Level 3 Assets Liabilities Financial investments Held for trading Designated and otherwise mandatorily measured at fair value through profit or loss Derivatives Total Held for trading Designated at fair value Derivatives Total $m $m $m $m $m $m $m $m $m Private equity including strategic investments 427 20 5,106 — 5,553 12 — — 12 Asset-backed securities 1,030 1,140 32 — 2,202 — — — — Loans held for securitisation — — 49 — 49 — — — — Structured notes — 3 — — 3 46 5,328 — 5,374 Derivatives with monolines — — — 65 65 — — — — Other derivatives — — — 2,358 2,358 — — 1,755 1,755 Other portfolios 543 5,596 305 — 6,444 — — 1 1 At 31 Dec 2018 2,000 6,759 5,492 2,423 16,674 58 5,328 1,756 7,142 Assets Liabilities Available for sale Held for trading Designated at fair value Derivatives Total Held for trading Designated at fair value Derivatives Total $m $m $m $m $m $m $m $m $m Private equity including strategic investments 2,012 38 1,458 — 3,508 20 — — 20 Asset-backed securities 1,300 1,277 — — 2,577 — — — — Loans held for securitisation — 24 — — 24 — — — — Structured notes — 3 — — 3 4,180 — — 4,180 Derivatives with monolines — — — 113 113 — — — — Other derivatives — — — 2,331 2,331 — — 1,944 1,944 Other portfolios 120 3,710 2 — 3,832 — — — — At 31 Dec 2017 3,432 5,052 1,460 2,444 12,388 4,200 — 1,944 6,144 Movement in Level 3 financial instruments Assets Liabilities Financial investments Trading assets Designated and otherwise mandatorily measured at fair value through profit or loss Derivatives Trading liabilities Designated at fair value Derivatives Footnotes $m $m $m $m $m $m $m At 1 Jan 2018 1,767 5,080 3,958 2,444 93 4,107 1,949 Total gains/(losses) recognised in profit or loss 251 284 608 597 (4 ) (637 ) 255 – net income from financial instruments held for trading or managed on a fair value basis — 284 — 597 (4 ) — 255 – net income from assets and liabilities of insurance businesses, including related derivatives, measured at fair value through profit or loss — — — — — — — – changes in fair value of other financial instruments mandatorily measured at fair value through profit or loss — — 608 — — (637 ) — – gains less losses from financial investments at fair value through other comprehensive income 251 — — — — — — – expected credit loss charges and other credit risk charges — — — — — — — – fair value gains transferred to the income statement on disposal — — — — — — — Total gains/(losses) recognised in other comprehensive income (‘OCI’) 1 17 (274 ) (107 ) (113 ) (3 ) (144 ) (82 ) – financial investments: fair value gains/(losses) 15 — — — — — — – cash flow hedges: fair value gains/(losses) — — 6 6 — — 2 – fair value gains transferred to the income statement on disposal — — — — — — — – exchange differences 2 (274 ) (113 ) (119 ) (3 ) (144 ) (84 ) Purchases 275 4,377 2,172 — 3 76 — New issuances — 975 — — 6 2,442 — Sales (51 ) (1,589 ) (395 ) — (11 ) — — Settlements (141 ) (2,021 ) (541 ) (191 ) (2 ) (32 ) (18 ) Transfers out (685 ) (1,402 ) (285 ) (337 ) (24 ) (1,112 ) (464 ) Transfers in 567 1,329 82 23 — 628 116 At 31 Dec 2018 2,000 6,759 5,492 2,423 58 5,328 1,756 Unrealised gains/(losses) recognised in profit or loss relating to assets and liabilities held at 31 Dec 2018 — (5 ) 199 342 (5 ) 274 (351 ) – net income from financial instruments held — (5 ) — 342 (5 ) — (351 ) – net income from assets and liabilities of insurance businesses, including related derivatives measured at fair value through profit or loss — — — — — — — – changes in fair value of other financial — — 199 — — 274 — – loan impairment recoveries and other credit — — — — — — — Movement in Level 3 financial instruments (continued) Assets Liabilities Available for sale Held for trading Designated at fair value through profit or loss Derivatives Held for trading Designated at fair value through profit or loss Derivatives Footnotes $m $m $m $m $m $m $m At 1 Jan 2017 3,476 6,489 730 2,752 3,582 37 2,300 Total gains/(losses) recognised in profit or loss 351 (188 ) (107 ) 152 154 (5 ) 400 – trading income/(expense) excluding net interest income — (188 ) — 152 154 — 400 – net income from other financial instruments designated at fair value — — (107 ) — — (5 ) — – gains less losses from financial investments 313 — — — — — — – loan impairment charges and other credit risk provisions (‘LICs’) 38 — — — — — — Total gains/(losses) recognised in other comprehensive income (‘OCI’) 1 71 106 7 188 169 1 120 – available-for-sale investments: fair value gains/(losses) (30 ) — — — — — — – cash flow hedges: fair value gains/(losses) — (1 ) 3 (23 ) — — (35 ) – exchange differences 101 107 4 211 169 1 155 Purchases 200 1,503 1,127 2 5 — 23 New issuances — — — 1 1,915 — — Sales (939 ) (3,221 ) (130 ) (8 ) (12 ) — (12 ) Settlements (69 ) (331 ) (166 ) (60 ) (998 ) — (123 ) Transfers out (565 ) (149 ) (3 ) (885 ) (678 ) (33 ) (1,030 ) Transfers in 907 843 2 302 63 — 266 At 31 Dec 2017 3,432 5,052 1,460 2,444 4,200 — 1,944 Unrealised gains/(losses) recognised in profit or loss relating to assets and liabilities held at 31 Dec 2017 16 (110 ) (146 ) 218 (117 ) — (397 ) – trading income/(expense) excluding net interest income — (110 ) — 218 (117 ) — (397 ) – net income from other financial instruments designated at fair value — — (146 ) — — — — – loan impairment charges and other credit risk provisions 16 — — — — — — 1 Included in ‘Available-for-sale investments: fair value gains/(losses)’ in prior years or 'Debt Instruments at fair value through other comprehensive income’ in 2018 and ‘Exchange differences’ in the consolidated statement of comprehensive income. Basis of valuing HSBC Holdings’ financial assets and liabilities measured at fair value 2018 2017 $m $m Valuation technique using observable inputs: Level 2 Assets at 31 Dec – derivatives 707 2,388 – financial investments — 4,264 – designated and otherwise mandatorily measured at fair value through profit or loss 23,513 11,944 Liabilities at 31 Dec – designated at fair value 25,049 30,890 – derivatives 2,159 3,082 Fair values of financial instruments not carried at fair value and bases of valuation Fair value Carrying Quoted market Observable Significant Total $m $m $m $m $m At 31 Dec 2018 Assets Loans and advances to banks 72,167 — 68,378 3,791 72,169 Loans and advances to customers 981,696 — 10,518 974,559 985,077 Reverse repurchase agreements – non-trading 242,804 81 241,407 1,369 242,857 Financial investments – at amortised cost 62,666 1,790 60,073 216 62,079 Liabilities Deposits by banks 56,331 — 56,308 — 56,308 Customer accounts 1,362,643 — 1,362,794 151 1,362,945 Repurchase agreements – non-trading 165,884 — 165,884 — 165,884 Debt securities in issue 85,342 — 85,430 — 85,430 Subordinated liabilities 22,437 — 24,968 373 25,341 At 31 Dec 2017 Assets Loans and advances to banks 90,393 — 87,384 3,007 90,391 Loans and advances to customers 962,964 — 20,029 944,176 964,205 Reverse repurchase agreements – non-trading 201,553 — 200,012 1,526 201,538 Financial investments – at amortised cost 52,919 1,363 52,707 17 54,087 Liabilities Deposits by banks 69,922 — 69,862 30 69,892 Customer accounts 1,364,462 — 1,353,017 11,608 1,364,625 Repurchase agreements – non-trading 130,002 1 129,995 — 129,996 Debt securities in issue 64,546 — 65,138 — 65,138 Subordinated liabilities 19,826 — 23,740 355 24,095 Carrying amount and fair value of loans and advances to customers by industry sector Carrying amount Fair value Not Impaired Impaired Total Not Impaired Impaired Total $m $m $m $m $m $m Loans and advances to customers Personal 387,957 3,433 391,390 388,761 3,249 392,010 Corporate and commercial 524,531 4,494 529,025 527,022 4,600 531,622 Non-bank financial institutions 61,102 179 61,281 61,265 180 61,445 At 31 Dec 2018 973,590 8,106 981,696 977,048 8,029 985,077 Loans and advances to customers Personal 370,842 3,920 374,762 371,131 3,257 374,388 Corporate and commercial 510,784 5,970 516,754 512,597 5,769 518,366 Non-bank financial institutions 71,377 71 71,448 71,351 100 71,451 At 31 Dec 2017 953,003 9,961 962,964 955,079 9,126 964,205 Fair values of HSBC Holdings’ financial instruments not carried at fair value on the balance sheet 2018 2017 Carrying Fair 1 Carrying Fair 1 $m $m $m $m Assets at 31 Dec Loans and advances to HSBC undertakings 56,144 56,801 76,627 78,534 Liabilities at 31 Dec Amounts owed to HSBC undertakings 949 949 2,571 2,571 Debt securities in issue 50,800 51,552 34,258 36,611 Subordinated liabilities 17,715 20,224 15,877 19,596 1 Fair values were determined using valuation techniques with observable inputs (Level 2). |
Disclosure of fair value measurement of liabilities | Financial instruments carried at fair value and bases of valuation 2018 2017 Level 1 Level 2 Level 3 Total Level 1 Level 2 Level 3 Total $m $m $m $m $m $m $m $m Recurring fair value measurements Assets Trading assets 178,100 53,271 6,759 238,130 181,168 101,775 5,052 287,995 Financial assets designated and otherwise mandatorily measured at fair value through profit or loss 23,125 12,494 5,492 41,111 N/A N/A N/A N/A Derivatives 1,868 203,534 2,423 207,825 1,017 216,357 2,444 219,818 Financial assets designated at fair value N/A N/A N/A N/A 24,622 3,382 1,460 29,464 Financial investments 263,885 78,882 2,000 344,767 227,943 104,692 3,432 336,067 Liabilities Trading liabilities 66,300 18,073 58 84,431 62,710 117,451 4,200 184,361 Financial liabilities designated at fair value 6,815 136,362 5,328 148,505 4,164 90,265 — 94,429 Derivatives 2,845 201,234 1,756 205,835 1,635 213,242 1,944 216,821 The increase in Level 3 assets in 2018 was primarily due to new private equity investments and new derivative transactions with unobservable inputs. Transfers between Level 1 and Level 2 fair values Assets Liabilities Financial investments Trading assets Designated Derivatives Trading liabilities Designated at fair value Derivatives $m $m $m $m $m $m $m At 31 Dec 2018 Transfers from Level 1 to Level 2 367 435 2 1 79 — — Transfers from Level 2 to Level 1 17,861 4,959 85 128 1,821 — 138 At 31 Dec 2017 Transfers from Level 1 to Level 2 2,231 1,507 — — 35 — — Transfers from Level 2 to Level 1 11,173 1,384 — — 683 — — Financial instruments measured at fair value using a valuation technique with significant unobservable inputs – Level 3 Assets Liabilities Financial investments Held for trading Designated and otherwise mandatorily measured at fair value through profit or loss Derivatives Total Held for trading Designated at fair value Derivatives Total $m $m $m $m $m $m $m $m $m Private equity including strategic investments 427 20 5,106 — 5,553 12 — — 12 Asset-backed securities 1,030 1,140 32 — 2,202 — — — — Loans held for securitisation — — 49 — 49 — — — — Structured notes — 3 — — 3 46 5,328 — 5,374 Derivatives with monolines — — — 65 65 — — — — Other derivatives — — — 2,358 2,358 — — 1,755 1,755 Other portfolios 543 5,596 305 — 6,444 — — 1 1 At 31 Dec 2018 2,000 6,759 5,492 2,423 16,674 58 5,328 1,756 7,142 Assets Liabilities Available for sale Held for trading Designated at fair value Derivatives Total Held for trading Designated at fair value Derivatives Total $m $m $m $m $m $m $m $m $m Private equity including strategic investments 2,012 38 1,458 — 3,508 20 — — 20 Asset-backed securities 1,300 1,277 — — 2,577 — — — — Loans held for securitisation — 24 — — 24 — — — — Structured notes — 3 — — 3 4,180 — — 4,180 Derivatives with monolines — — — 113 113 — — — — Other derivatives — — — 2,331 2,331 — — 1,944 1,944 Other portfolios 120 3,710 2 — 3,832 — — — — At 31 Dec 2017 3,432 5,052 1,460 2,444 12,388 4,200 — 1,944 6,144 Movement in Level 3 financial instruments Assets Liabilities Financial investments Trading assets Designated and otherwise mandatorily measured at fair value through profit or loss Derivatives Trading liabilities Designated at fair value Derivatives Footnotes $m $m $m $m $m $m $m At 1 Jan 2018 1,767 5,080 3,958 2,444 93 4,107 1,949 Total gains/(losses) recognised in profit or loss 251 284 608 597 (4 ) (637 ) 255 – net income from financial instruments held for trading or managed on a fair value basis — 284 — 597 (4 ) — 255 – net income from assets and liabilities of insurance businesses, including related derivatives, measured at fair value through profit or loss — — — — — — — – changes in fair value of other financial instruments mandatorily measured at fair value through profit or loss — — 608 — — (637 ) — – gains less losses from financial investments at fair value through other comprehensive income 251 — — — — — — – expected credit loss charges and other credit risk charges — — — — — — — – fair value gains transferred to the income statement on disposal — — — — — — — Total gains/(losses) recognised in other comprehensive income (‘OCI’) 1 17 (274 ) (107 ) (113 ) (3 ) (144 ) (82 ) – financial investments: fair value gains/(losses) 15 — — — — — — – cash flow hedges: fair value gains/(losses) — — 6 6 — — 2 – fair value gains transferred to the income statement on disposal — — — — — — — – exchange differences 2 (274 ) (113 ) (119 ) (3 ) (144 ) (84 ) Purchases 275 4,377 2,172 — 3 76 — New issuances — 975 — — 6 2,442 — Sales (51 ) (1,589 ) (395 ) — (11 ) — — Settlements (141 ) (2,021 ) (541 ) (191 ) (2 ) (32 ) (18 ) Transfers out (685 ) (1,402 ) (285 ) (337 ) (24 ) (1,112 ) (464 ) Transfers in 567 1,329 82 23 — 628 116 At 31 Dec 2018 2,000 6,759 5,492 2,423 58 5,328 1,756 Unrealised gains/(losses) recognised in profit or loss relating to assets and liabilities held at 31 Dec 2018 — (5 ) 199 342 (5 ) 274 (351 ) – net income from financial instruments held — (5 ) — 342 (5 ) — (351 ) – net income from assets and liabilities of insurance businesses, including related derivatives measured at fair value through profit or loss — — — — — — — – changes in fair value of other financial — — 199 — — 274 — – loan impairment recoveries and other credit — — — — — — — Movement in Level 3 financial instruments (continued) Assets Liabilities Available for sale Held for trading Designated at fair value through profit or loss Derivatives Held for trading Designated at fair value through profit or loss Derivatives Footnotes $m $m $m $m $m $m $m At 1 Jan 2017 3,476 6,489 730 2,752 3,582 37 2,300 Total gains/(losses) recognised in profit or loss 351 (188 ) (107 ) 152 154 (5 ) 400 – trading income/(expense) excluding net interest income — (188 ) — 152 154 — 400 – net income from other financial instruments designated at fair value — — (107 ) — — (5 ) — – gains less losses from financial investments 313 — — — — — — – loan impairment charges and other credit risk provisions (‘LICs’) 38 — — — — — — Total gains/(losses) recognised in other comprehensive income (‘OCI’) 1 71 106 7 188 169 1 120 – available-for-sale investments: fair value gains/(losses) (30 ) — — — — — — – cash flow hedges: fair value gains/(losses) — (1 ) 3 (23 ) — — (35 ) – exchange differences 101 107 4 211 169 1 155 Purchases 200 1,503 1,127 2 5 — 23 New issuances — — — 1 1,915 — — Sales (939 ) (3,221 ) (130 ) (8 ) (12 ) — (12 ) Settlements (69 ) (331 ) (166 ) (60 ) (998 ) — (123 ) Transfers out (565 ) (149 ) (3 ) (885 ) (678 ) (33 ) (1,030 ) Transfers in 907 843 2 302 63 — 266 At 31 Dec 2017 3,432 5,052 1,460 2,444 4,200 — 1,944 Unrealised gains/(losses) recognised in profit or loss relating to assets and liabilities held at 31 Dec 2017 16 (110 ) (146 ) 218 (117 ) — (397 ) – trading income/(expense) excluding net interest income — (110 ) — 218 (117 ) — (397 ) – net income from other financial instruments designated at fair value — — (146 ) — — — — – loan impairment charges and other credit risk provisions 16 — — — — — — 1 Included in ‘Available-for-sale investments: fair value gains/(losses)’ in prior years or 'Debt Instruments at fair value through other comprehensive income’ in 2018 and ‘Exchange differences’ in the consolidated statement of comprehensive income. Basis of valuing HSBC Holdings’ financial assets and liabilities measured at fair value 2018 2017 $m $m Valuation technique using observable inputs: Level 2 Assets at 31 Dec – derivatives 707 2,388 – financial investments — 4,264 – designated and otherwise mandatorily measured at fair value through profit or loss 23,513 11,944 Liabilities at 31 Dec – designated at fair value 25,049 30,890 – derivatives 2,159 3,082 Fair values of financial instruments not carried at fair value and bases of valuation Fair value Carrying Quoted market Observable Significant Total $m $m $m $m $m At 31 Dec 2018 Assets Loans and advances to banks 72,167 — 68,378 3,791 72,169 Loans and advances to customers 981,696 — 10,518 974,559 985,077 Reverse repurchase agreements – non-trading 242,804 81 241,407 1,369 242,857 Financial investments – at amortised cost 62,666 1,790 60,073 216 62,079 Liabilities Deposits by banks 56,331 — 56,308 — 56,308 Customer accounts 1,362,643 — 1,362,794 151 1,362,945 Repurchase agreements – non-trading 165,884 — 165,884 — 165,884 Debt securities in issue 85,342 — 85,430 — 85,430 Subordinated liabilities 22,437 — 24,968 373 25,341 At 31 Dec 2017 Assets Loans and advances to banks 90,393 — 87,384 3,007 90,391 Loans and advances to customers 962,964 — 20,029 944,176 964,205 Reverse repurchase agreements – non-trading 201,553 — 200,012 1,526 201,538 Financial investments – at amortised cost 52,919 1,363 52,707 17 54,087 Liabilities Deposits by banks 69,922 — 69,862 30 69,892 Customer accounts 1,364,462 — 1,353,017 11,608 1,364,625 Repurchase agreements – non-trading 130,002 1 129,995 — 129,996 Debt securities in issue 64,546 — 65,138 — 65,138 Subordinated liabilities 19,826 — 23,740 355 24,095 Fair values of HSBC Holdings’ financial instruments not carried at fair value on the balance sheet 2018 2017 Carrying Fair 1 Carrying Fair 1 $m $m $m $m Assets at 31 Dec Loans and advances to HSBC undertakings 56,144 56,801 76,627 78,534 Liabilities at 31 Dec Amounts owed to HSBC undertakings 949 949 2,571 2,571 Debt securities in issue 50,800 51,552 34,258 36,611 Subordinated liabilities 17,715 20,224 15,877 19,596 1 Fair values were determined using valuation techniques with observable inputs (Level 2). |
Disclosure of fair value adjustments on financial instruments | Global Banking & Markets (‘GB&M’) and Corporate Centre fair value adjustments 2018 2017 GB&M Corporate Centre GB&M Corporate Centre $m $m $m $m Type of adjustment Risk-related 1,042 138 1,078 79 – bid-offer 430 76 413 5 – uncertainty 99 6 91 8 – credit valuation adjustment (‘CVA’) 442 52 420 59 – debit valuation adjustment (‘DVA’) (198 ) — (82 ) — – funding fair value adjustment (‘FFVA’) 256 4 233 7 – other 13 — 3 — Model-related 79 3 92 13 – model limitation 79 3 92 6 – other — — — 7 Inception profit (Day 1 P&L reserves) (Note 15) 85 — 106 — At 31 Dec 1,206 141 1,276 92 |
Disclosure of the effect of changes in significant unobservable assumptions to reasonably possible alternatives | Sensitivity of Level 3 fair values to reasonably possible alternative assumptions 2018 2017 Reflected in profit or loss Reflected in OCI Reflected in profit or loss Reflected in OCI Favourable Un- Favourable Un- Favourable Un- Favourable Un- Footnotes $m $m $m $m $m $m $m $m Derivatives, trading assets and trading liabilities 1 269 (257 ) — — 372 (253 ) — — Designated and otherwise mandatorily measured at fair value through profit or loss 394 (310 ) — — 89 (74 ) — — Financial investments 34 (36 ) 23 (22 ) 53 (30 ) 128 (149 ) At 31 Dec 697 (603 ) 23 (22 ) 514 (357 ) 128 (149 ) 1 Derivatives, trading assets and trading liabilities are presented as one category to reflect the manner in which these instruments are risk managed. Sensitivity of Level 3 fair values to reasonably possible alternative assumptions by instrument type 2018 2017 Reflected in profit or loss Reflected in OCI Reflected in profit or loss Reflected in OCI Favourable Un- Favourable Un- Favourable Un- Favourable Un- $m $m $m $m $m $m $m $m Private equity including strategic investments 400 (317 ) — — 142 (105 ) 117 (102 ) Asset-backed securities 62 (34 ) 23 (22 ) 66 (39 ) 3 (39 ) Loans held for securitisation 1 (1 ) — — 1 (1 ) — — Structured notes 13 (13 ) — — 12 (9 ) — — Derivatives with monolines — — — — — — — — Other derivatives 157 (153 ) — — 249 (150 ) — — Other portfolios 64 (85 ) — — 44 (53 ) 8 (8 ) At 31 Dec 697 (603 ) 23 (22 ) 514 (357 ) 128 (149 ) |
Disclosure of significant unobservable inputs used in fair value measurement of assets | Quantitative information about significant unobservable inputs in Level 3 valuations Fair value 2018 2017 Assets Liabilities Valuation Key unobservable Full range Core range 1 Full range Core range 1 Footnotes $m $m Lower Higher Lower Higher Lower Higher Lower Higher Private equity including 5,554 12 See below See below n/a n/a n/a n/a n/a n/a n/a n/a Asset-backed securities 2 2,202 — – CLO/CDO 394 — Market proxy Prepayment rate 0% 10% 0% 10% 2% 7% 2% 7% Market proxy Bid quotes 0 100 50 100 0 101 6 53 – other ABSs 1,808 — Market proxy Bid quotes 0 271 71 99 0 103 34 98 Loans held for securitisation 49 — Structured notes 3 5,374 – equity-linked notes — 3,882 Model – Equity volatility 8% 79% 13% 53% 7% 47% 14% 30% Model – Option model Equity correlation 17% 93% 40% 77% 33% 95% 45% 72% – fund-linked notes — 83 Model – Option model Fund volatility 21% 21% 21% 21% 6% 15% 6% 15% – FX-linked notes — 1,382 Model – Option model FX volatility 1% 27% 3% 25% 3% 20% 4% 13% – other 3 27 Derivatives with monolines 65 — Model – Discounted Credit spread 0.2% 1% 0.2% 1% 0.4% 3% 1% 3% Other derivatives 2,358 1,755 – Interest rate derivatives: securitisation swaps 233 700 Model – Discounted Prepayment 6% 7% 6% 7% 20% 90% 20% 90% long-dated swaptions 1,019 27 Model – Option model IR volatility 13% 39% 14% 36% 8% 41% 15% 31% other 250 148 – FX derivatives: FX options 186 244 Model – Option model FX volatility 1% 27% 7% 12% 0.7% 50% 5% 11% other 113 77 – Equity derivatives: long-dated single stock options 215 267 Model – Option model Equity volatility 5% 83% 5% 81% 7% 84% 15% 44% other 310 216 – Credit derivatives: other 32 76 Other portfolios 6,443 1 – structured certificates 3,013 — Model – Discounted cash flow Credit volatility 2% 4% 2% 4% 2% 4% 2% 4% – other 3 3,430 1 At 31 Dec 2018 16,674 7,142 1 The core range of inputs is the estimated range within which 90% of the inputs fall. 2 Collateralised loan obligation/collateralised debt obligation. 3 ‘Other’ includes a range of smaller asset holdings. |
Disclosure of significant unobservable inputs used in fair value measurement of liabilities | Quantitative information about significant unobservable inputs in Level 3 valuations Fair value 2018 2017 Assets Liabilities Valuation Key unobservable Full range Core range 1 Full range Core range 1 Footnotes $m $m Lower Higher Lower Higher Lower Higher Lower Higher Private equity including 5,554 12 See below See below n/a n/a n/a n/a n/a n/a n/a n/a Asset-backed securities 2 2,202 — – CLO/CDO 394 — Market proxy Prepayment rate 0% 10% 0% 10% 2% 7% 2% 7% Market proxy Bid quotes 0 100 50 100 0 101 6 53 – other ABSs 1,808 — Market proxy Bid quotes 0 271 71 99 0 103 34 98 Loans held for securitisation 49 — Structured notes 3 5,374 – equity-linked notes — 3,882 Model – Equity volatility 8% 79% 13% 53% 7% 47% 14% 30% Model – Option model Equity correlation 17% 93% 40% 77% 33% 95% 45% 72% – fund-linked notes — 83 Model – Option model Fund volatility 21% 21% 21% 21% 6% 15% 6% 15% – FX-linked notes — 1,382 Model – Option model FX volatility 1% 27% 3% 25% 3% 20% 4% 13% – other 3 27 Derivatives with monolines 65 — Model – Discounted Credit spread 0.2% 1% 0.2% 1% 0.4% 3% 1% 3% Other derivatives 2,358 1,755 – Interest rate derivatives: securitisation swaps 233 700 Model – Discounted Prepayment 6% 7% 6% 7% 20% 90% 20% 90% long-dated swaptions 1,019 27 Model – Option model IR volatility 13% 39% 14% 36% 8% 41% 15% 31% other 250 148 – FX derivatives: FX options 186 244 Model – Option model FX volatility 1% 27% 7% 12% 0.7% 50% 5% 11% other 113 77 – Equity derivatives: long-dated single stock options 215 267 Model – Option model Equity volatility 5% 83% 5% 81% 7% 84% 15% 44% other 310 216 – Credit derivatives: other 32 76 Other portfolios 6,443 1 – structured certificates 3,013 — Model – Discounted cash flow Credit volatility 2% 4% 2% 4% 2% 4% 2% 4% – other 3 3,430 1 At 31 Dec 2018 16,674 7,142 1 The core range of inputs is the estimated range within which 90% of the inputs fall. 2 Collateralised loan obligation/collateralised debt obligation. 3 ‘Other’ includes a range of smaller asset holdings. |
Fair values of financial inst_4
Fair values of financial instruments not carried at fair value (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Fair Value Measurement [Abstract] | |
Fair values of financial instruments not carried at fair value and bases of valuation - assets | Financial instruments carried at fair value and bases of valuation 2018 2017 Level 1 Level 2 Level 3 Total Level 1 Level 2 Level 3 Total $m $m $m $m $m $m $m $m Recurring fair value measurements Assets Trading assets 178,100 53,271 6,759 238,130 181,168 101,775 5,052 287,995 Financial assets designated and otherwise mandatorily measured at fair value through profit or loss 23,125 12,494 5,492 41,111 N/A N/A N/A N/A Derivatives 1,868 203,534 2,423 207,825 1,017 216,357 2,444 219,818 Financial assets designated at fair value N/A N/A N/A N/A 24,622 3,382 1,460 29,464 Financial investments 263,885 78,882 2,000 344,767 227,943 104,692 3,432 336,067 Liabilities Trading liabilities 66,300 18,073 58 84,431 62,710 117,451 4,200 184,361 Financial liabilities designated at fair value 6,815 136,362 5,328 148,505 4,164 90,265 — 94,429 Derivatives 2,845 201,234 1,756 205,835 1,635 213,242 1,944 216,821 The increase in Level 3 assets in 2018 was primarily due to new private equity investments and new derivative transactions with unobservable inputs. Transfers between Level 1 and Level 2 fair values Assets Liabilities Financial investments Trading assets Designated Derivatives Trading liabilities Designated at fair value Derivatives $m $m $m $m $m $m $m At 31 Dec 2018 Transfers from Level 1 to Level 2 367 435 2 1 79 — — Transfers from Level 2 to Level 1 17,861 4,959 85 128 1,821 — 138 At 31 Dec 2017 Transfers from Level 1 to Level 2 2,231 1,507 — — 35 — — Transfers from Level 2 to Level 1 11,173 1,384 — — 683 — — Financial instruments measured at fair value using a valuation technique with significant unobservable inputs – Level 3 Assets Liabilities Financial investments Held for trading Designated and otherwise mandatorily measured at fair value through profit or loss Derivatives Total Held for trading Designated at fair value Derivatives Total $m $m $m $m $m $m $m $m $m Private equity including strategic investments 427 20 5,106 — 5,553 12 — — 12 Asset-backed securities 1,030 1,140 32 — 2,202 — — — — Loans held for securitisation — — 49 — 49 — — — — Structured notes — 3 — — 3 46 5,328 — 5,374 Derivatives with monolines — — — 65 65 — — — — Other derivatives — — — 2,358 2,358 — — 1,755 1,755 Other portfolios 543 5,596 305 — 6,444 — — 1 1 At 31 Dec 2018 2,000 6,759 5,492 2,423 16,674 58 5,328 1,756 7,142 Assets Liabilities Available for sale Held for trading Designated at fair value Derivatives Total Held for trading Designated at fair value Derivatives Total $m $m $m $m $m $m $m $m $m Private equity including strategic investments 2,012 38 1,458 — 3,508 20 — — 20 Asset-backed securities 1,300 1,277 — — 2,577 — — — — Loans held for securitisation — 24 — — 24 — — — — Structured notes — 3 — — 3 4,180 — — 4,180 Derivatives with monolines — — — 113 113 — — — — Other derivatives — — — 2,331 2,331 — — 1,944 1,944 Other portfolios 120 3,710 2 — 3,832 — — — — At 31 Dec 2017 3,432 5,052 1,460 2,444 12,388 4,200 — 1,944 6,144 Movement in Level 3 financial instruments Assets Liabilities Financial investments Trading assets Designated and otherwise mandatorily measured at fair value through profit or loss Derivatives Trading liabilities Designated at fair value Derivatives Footnotes $m $m $m $m $m $m $m At 1 Jan 2018 1,767 5,080 3,958 2,444 93 4,107 1,949 Total gains/(losses) recognised in profit or loss 251 284 608 597 (4 ) (637 ) 255 – net income from financial instruments held for trading or managed on a fair value basis — 284 — 597 (4 ) — 255 – net income from assets and liabilities of insurance businesses, including related derivatives, measured at fair value through profit or loss — — — — — — — – changes in fair value of other financial instruments mandatorily measured at fair value through profit or loss — — 608 — — (637 ) — – gains less losses from financial investments at fair value through other comprehensive income 251 — — — — — — – expected credit loss charges and other credit risk charges — — — — — — — – fair value gains transferred to the income statement on disposal — — — — — — — Total gains/(losses) recognised in other comprehensive income (‘OCI’) 1 17 (274 ) (107 ) (113 ) (3 ) (144 ) (82 ) – financial investments: fair value gains/(losses) 15 — — — — — — – cash flow hedges: fair value gains/(losses) — — 6 6 — — 2 – fair value gains transferred to the income statement on disposal — — — — — — — – exchange differences 2 (274 ) (113 ) (119 ) (3 ) (144 ) (84 ) Purchases 275 4,377 2,172 — 3 76 — New issuances — 975 — — 6 2,442 — Sales (51 ) (1,589 ) (395 ) — (11 ) — — Settlements (141 ) (2,021 ) (541 ) (191 ) (2 ) (32 ) (18 ) Transfers out (685 ) (1,402 ) (285 ) (337 ) (24 ) (1,112 ) (464 ) Transfers in 567 1,329 82 23 — 628 116 At 31 Dec 2018 2,000 6,759 5,492 2,423 58 5,328 1,756 Unrealised gains/(losses) recognised in profit or loss relating to assets and liabilities held at 31 Dec 2018 — (5 ) 199 342 (5 ) 274 (351 ) – net income from financial instruments held — (5 ) — 342 (5 ) — (351 ) – net income from assets and liabilities of insurance businesses, including related derivatives measured at fair value through profit or loss — — — — — — — – changes in fair value of other financial — — 199 — — 274 — – loan impairment recoveries and other credit — — — — — — — Movement in Level 3 financial instruments (continued) Assets Liabilities Available for sale Held for trading Designated at fair value through profit or loss Derivatives Held for trading Designated at fair value through profit or loss Derivatives Footnotes $m $m $m $m $m $m $m At 1 Jan 2017 3,476 6,489 730 2,752 3,582 37 2,300 Total gains/(losses) recognised in profit or loss 351 (188 ) (107 ) 152 154 (5 ) 400 – trading income/(expense) excluding net interest income — (188 ) — 152 154 — 400 – net income from other financial instruments designated at fair value — — (107 ) — — (5 ) — – gains less losses from financial investments 313 — — — — — — – loan impairment charges and other credit risk provisions (‘LICs’) 38 — — — — — — Total gains/(losses) recognised in other comprehensive income (‘OCI’) 1 71 106 7 188 169 1 120 – available-for-sale investments: fair value gains/(losses) (30 ) — — — — — — – cash flow hedges: fair value gains/(losses) — (1 ) 3 (23 ) — — (35 ) – exchange differences 101 107 4 211 169 1 155 Purchases 200 1,503 1,127 2 5 — 23 New issuances — — — 1 1,915 — — Sales (939 ) (3,221 ) (130 ) (8 ) (12 ) — (12 ) Settlements (69 ) (331 ) (166 ) (60 ) (998 ) — (123 ) Transfers out (565 ) (149 ) (3 ) (885 ) (678 ) (33 ) (1,030 ) Transfers in 907 843 2 302 63 — 266 At 31 Dec 2017 3,432 5,052 1,460 2,444 4,200 — 1,944 Unrealised gains/(losses) recognised in profit or loss relating to assets and liabilities held at 31 Dec 2017 16 (110 ) (146 ) 218 (117 ) — (397 ) – trading income/(expense) excluding net interest income — (110 ) — 218 (117 ) — (397 ) – net income from other financial instruments designated at fair value — — (146 ) — — — — – loan impairment charges and other credit risk provisions 16 — — — — — — 1 Included in ‘Available-for-sale investments: fair value gains/(losses)’ in prior years or 'Debt Instruments at fair value through other comprehensive income’ in 2018 and ‘Exchange differences’ in the consolidated statement of comprehensive income. Basis of valuing HSBC Holdings’ financial assets and liabilities measured at fair value 2018 2017 $m $m Valuation technique using observable inputs: Level 2 Assets at 31 Dec – derivatives 707 2,388 – financial investments — 4,264 – designated and otherwise mandatorily measured at fair value through profit or loss 23,513 11,944 Liabilities at 31 Dec – designated at fair value 25,049 30,890 – derivatives 2,159 3,082 Fair values of financial instruments not carried at fair value and bases of valuation Fair value Carrying Quoted market Observable Significant Total $m $m $m $m $m At 31 Dec 2018 Assets Loans and advances to banks 72,167 — 68,378 3,791 72,169 Loans and advances to customers 981,696 — 10,518 974,559 985,077 Reverse repurchase agreements – non-trading 242,804 81 241,407 1,369 242,857 Financial investments – at amortised cost 62,666 1,790 60,073 216 62,079 Liabilities Deposits by banks 56,331 — 56,308 — 56,308 Customer accounts 1,362,643 — 1,362,794 151 1,362,945 Repurchase agreements – non-trading 165,884 — 165,884 — 165,884 Debt securities in issue 85,342 — 85,430 — 85,430 Subordinated liabilities 22,437 — 24,968 373 25,341 At 31 Dec 2017 Assets Loans and advances to banks 90,393 — 87,384 3,007 90,391 Loans and advances to customers 962,964 — 20,029 944,176 964,205 Reverse repurchase agreements – non-trading 201,553 — 200,012 1,526 201,538 Financial investments – at amortised cost 52,919 1,363 52,707 17 54,087 Liabilities Deposits by banks 69,922 — 69,862 30 69,892 Customer accounts 1,364,462 — 1,353,017 11,608 1,364,625 Repurchase agreements – non-trading 130,002 1 129,995 — 129,996 Debt securities in issue 64,546 — 65,138 — 65,138 Subordinated liabilities 19,826 — 23,740 355 24,095 Carrying amount and fair value of loans and advances to customers by industry sector Carrying amount Fair value Not Impaired Impaired Total Not Impaired Impaired Total $m $m $m $m $m $m Loans and advances to customers Personal 387,957 3,433 391,390 388,761 3,249 392,010 Corporate and commercial 524,531 4,494 529,025 527,022 4,600 531,622 Non-bank financial institutions 61,102 179 61,281 61,265 180 61,445 At 31 Dec 2018 973,590 8,106 981,696 977,048 8,029 985,077 Loans and advances to customers Personal 370,842 3,920 374,762 371,131 3,257 374,388 Corporate and commercial 510,784 5,970 516,754 512,597 5,769 518,366 Non-bank financial institutions 71,377 71 71,448 71,351 100 71,451 At 31 Dec 2017 953,003 9,961 962,964 955,079 9,126 964,205 Fair values of HSBC Holdings’ financial instruments not carried at fair value on the balance sheet 2018 2017 Carrying Fair 1 Carrying Fair 1 $m $m $m $m Assets at 31 Dec Loans and advances to HSBC undertakings 56,144 56,801 76,627 78,534 Liabilities at 31 Dec Amounts owed to HSBC undertakings 949 949 2,571 2,571 Debt securities in issue 50,800 51,552 34,258 36,611 Subordinated liabilities 17,715 20,224 15,877 19,596 1 Fair values were determined using valuation techniques with observable inputs (Level 2). |
Fair values of financial instruments not carried at fair value and bases of valuation - liabilities | Financial instruments carried at fair value and bases of valuation 2018 2017 Level 1 Level 2 Level 3 Total Level 1 Level 2 Level 3 Total $m $m $m $m $m $m $m $m Recurring fair value measurements Assets Trading assets 178,100 53,271 6,759 238,130 181,168 101,775 5,052 287,995 Financial assets designated and otherwise mandatorily measured at fair value through profit or loss 23,125 12,494 5,492 41,111 N/A N/A N/A N/A Derivatives 1,868 203,534 2,423 207,825 1,017 216,357 2,444 219,818 Financial assets designated at fair value N/A N/A N/A N/A 24,622 3,382 1,460 29,464 Financial investments 263,885 78,882 2,000 344,767 227,943 104,692 3,432 336,067 Liabilities Trading liabilities 66,300 18,073 58 84,431 62,710 117,451 4,200 184,361 Financial liabilities designated at fair value 6,815 136,362 5,328 148,505 4,164 90,265 — 94,429 Derivatives 2,845 201,234 1,756 205,835 1,635 213,242 1,944 216,821 The increase in Level 3 assets in 2018 was primarily due to new private equity investments and new derivative transactions with unobservable inputs. Transfers between Level 1 and Level 2 fair values Assets Liabilities Financial investments Trading assets Designated Derivatives Trading liabilities Designated at fair value Derivatives $m $m $m $m $m $m $m At 31 Dec 2018 Transfers from Level 1 to Level 2 367 435 2 1 79 — — Transfers from Level 2 to Level 1 17,861 4,959 85 128 1,821 — 138 At 31 Dec 2017 Transfers from Level 1 to Level 2 2,231 1,507 — — 35 — — Transfers from Level 2 to Level 1 11,173 1,384 — — 683 — — Financial instruments measured at fair value using a valuation technique with significant unobservable inputs – Level 3 Assets Liabilities Financial investments Held for trading Designated and otherwise mandatorily measured at fair value through profit or loss Derivatives Total Held for trading Designated at fair value Derivatives Total $m $m $m $m $m $m $m $m $m Private equity including strategic investments 427 20 5,106 — 5,553 12 — — 12 Asset-backed securities 1,030 1,140 32 — 2,202 — — — — Loans held for securitisation — — 49 — 49 — — — — Structured notes — 3 — — 3 46 5,328 — 5,374 Derivatives with monolines — — — 65 65 — — — — Other derivatives — — — 2,358 2,358 — — 1,755 1,755 Other portfolios 543 5,596 305 — 6,444 — — 1 1 At 31 Dec 2018 2,000 6,759 5,492 2,423 16,674 58 5,328 1,756 7,142 Assets Liabilities Available for sale Held for trading Designated at fair value Derivatives Total Held for trading Designated at fair value Derivatives Total $m $m $m $m $m $m $m $m $m Private equity including strategic investments 2,012 38 1,458 — 3,508 20 — — 20 Asset-backed securities 1,300 1,277 — — 2,577 — — — — Loans held for securitisation — 24 — — 24 — — — — Structured notes — 3 — — 3 4,180 — — 4,180 Derivatives with monolines — — — 113 113 — — — — Other derivatives — — — 2,331 2,331 — — 1,944 1,944 Other portfolios 120 3,710 2 — 3,832 — — — — At 31 Dec 2017 3,432 5,052 1,460 2,444 12,388 4,200 — 1,944 6,144 Movement in Level 3 financial instruments Assets Liabilities Financial investments Trading assets Designated and otherwise mandatorily measured at fair value through profit or loss Derivatives Trading liabilities Designated at fair value Derivatives Footnotes $m $m $m $m $m $m $m At 1 Jan 2018 1,767 5,080 3,958 2,444 93 4,107 1,949 Total gains/(losses) recognised in profit or loss 251 284 608 597 (4 ) (637 ) 255 – net income from financial instruments held for trading or managed on a fair value basis — 284 — 597 (4 ) — 255 – net income from assets and liabilities of insurance businesses, including related derivatives, measured at fair value through profit or loss — — — — — — — – changes in fair value of other financial instruments mandatorily measured at fair value through profit or loss — — 608 — — (637 ) — – gains less losses from financial investments at fair value through other comprehensive income 251 — — — — — — – expected credit loss charges and other credit risk charges — — — — — — — – fair value gains transferred to the income statement on disposal — — — — — — — Total gains/(losses) recognised in other comprehensive income (‘OCI’) 1 17 (274 ) (107 ) (113 ) (3 ) (144 ) (82 ) – financial investments: fair value gains/(losses) 15 — — — — — — – cash flow hedges: fair value gains/(losses) — — 6 6 — — 2 – fair value gains transferred to the income statement on disposal — — — — — — — – exchange differences 2 (274 ) (113 ) (119 ) (3 ) (144 ) (84 ) Purchases 275 4,377 2,172 — 3 76 — New issuances — 975 — — 6 2,442 — Sales (51 ) (1,589 ) (395 ) — (11 ) — — Settlements (141 ) (2,021 ) (541 ) (191 ) (2 ) (32 ) (18 ) Transfers out (685 ) (1,402 ) (285 ) (337 ) (24 ) (1,112 ) (464 ) Transfers in 567 1,329 82 23 — 628 116 At 31 Dec 2018 2,000 6,759 5,492 2,423 58 5,328 1,756 Unrealised gains/(losses) recognised in profit or loss relating to assets and liabilities held at 31 Dec 2018 — (5 ) 199 342 (5 ) 274 (351 ) – net income from financial instruments held — (5 ) — 342 (5 ) — (351 ) – net income from assets and liabilities of insurance businesses, including related derivatives measured at fair value through profit or loss — — — — — — — – changes in fair value of other financial — — 199 — — 274 — – loan impairment recoveries and other credit — — — — — — — Movement in Level 3 financial instruments (continued) Assets Liabilities Available for sale Held for trading Designated at fair value through profit or loss Derivatives Held for trading Designated at fair value through profit or loss Derivatives Footnotes $m $m $m $m $m $m $m At 1 Jan 2017 3,476 6,489 730 2,752 3,582 37 2,300 Total gains/(losses) recognised in profit or loss 351 (188 ) (107 ) 152 154 (5 ) 400 – trading income/(expense) excluding net interest income — (188 ) — 152 154 — 400 – net income from other financial instruments designated at fair value — — (107 ) — — (5 ) — – gains less losses from financial investments 313 — — — — — — – loan impairment charges and other credit risk provisions (‘LICs’) 38 — — — — — — Total gains/(losses) recognised in other comprehensive income (‘OCI’) 1 71 106 7 188 169 1 120 – available-for-sale investments: fair value gains/(losses) (30 ) — — — — — — – cash flow hedges: fair value gains/(losses) — (1 ) 3 (23 ) — — (35 ) – exchange differences 101 107 4 211 169 1 155 Purchases 200 1,503 1,127 2 5 — 23 New issuances — — — 1 1,915 — — Sales (939 ) (3,221 ) (130 ) (8 ) (12 ) — (12 ) Settlements (69 ) (331 ) (166 ) (60 ) (998 ) — (123 ) Transfers out (565 ) (149 ) (3 ) (885 ) (678 ) (33 ) (1,030 ) Transfers in 907 843 2 302 63 — 266 At 31 Dec 2017 3,432 5,052 1,460 2,444 4,200 — 1,944 Unrealised gains/(losses) recognised in profit or loss relating to assets and liabilities held at 31 Dec 2017 16 (110 ) (146 ) 218 (117 ) — (397 ) – trading income/(expense) excluding net interest income — (110 ) — 218 (117 ) — (397 ) – net income from other financial instruments designated at fair value — — (146 ) — — — — – loan impairment charges and other credit risk provisions 16 — — — — — — 1 Included in ‘Available-for-sale investments: fair value gains/(losses)’ in prior years or 'Debt Instruments at fair value through other comprehensive income’ in 2018 and ‘Exchange differences’ in the consolidated statement of comprehensive income. Basis of valuing HSBC Holdings’ financial assets and liabilities measured at fair value 2018 2017 $m $m Valuation technique using observable inputs: Level 2 Assets at 31 Dec – derivatives 707 2,388 – financial investments — 4,264 – designated and otherwise mandatorily measured at fair value through profit or loss 23,513 11,944 Liabilities at 31 Dec – designated at fair value 25,049 30,890 – derivatives 2,159 3,082 Fair values of financial instruments not carried at fair value and bases of valuation Fair value Carrying Quoted market Observable Significant Total $m $m $m $m $m At 31 Dec 2018 Assets Loans and advances to banks 72,167 — 68,378 3,791 72,169 Loans and advances to customers 981,696 — 10,518 974,559 985,077 Reverse repurchase agreements – non-trading 242,804 81 241,407 1,369 242,857 Financial investments – at amortised cost 62,666 1,790 60,073 216 62,079 Liabilities Deposits by banks 56,331 — 56,308 — 56,308 Customer accounts 1,362,643 — 1,362,794 151 1,362,945 Repurchase agreements – non-trading 165,884 — 165,884 — 165,884 Debt securities in issue 85,342 — 85,430 — 85,430 Subordinated liabilities 22,437 — 24,968 373 25,341 At 31 Dec 2017 Assets Loans and advances to banks 90,393 — 87,384 3,007 90,391 Loans and advances to customers 962,964 — 20,029 944,176 964,205 Reverse repurchase agreements – non-trading 201,553 — 200,012 1,526 201,538 Financial investments – at amortised cost 52,919 1,363 52,707 17 54,087 Liabilities Deposits by banks 69,922 — 69,862 30 69,892 Customer accounts 1,364,462 — 1,353,017 11,608 1,364,625 Repurchase agreements – non-trading 130,002 1 129,995 — 129,996 Debt securities in issue 64,546 — 65,138 — 65,138 Subordinated liabilities 19,826 — 23,740 355 24,095 Fair values of HSBC Holdings’ financial instruments not carried at fair value on the balance sheet 2018 2017 Carrying Fair 1 Carrying Fair 1 $m $m $m $m Assets at 31 Dec Loans and advances to HSBC undertakings 56,144 56,801 76,627 78,534 Liabilities at 31 Dec Amounts owed to HSBC undertakings 949 949 2,571 2,571 Debt securities in issue 50,800 51,552 34,258 36,611 Subordinated liabilities 17,715 20,224 15,877 19,596 1 Fair values were determined using valuation techniques with observable inputs (Level 2). |
Financial assets designated a_2
Financial assets designated and otherwise mandatorily measured at fair value through profit or loss (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Financial Instruments [Abstract] | |
Schedules of financial investments | 2018 2017 Footnotes $m $m Treasury and other eligible bills 22,674 17,532 Debt securities 130,539 107,486 Equity securities 60,896 99,260 Trading securities 214,109 224,278 Loans and advances to banks 1, 2 10,425 26,057 Loans and advances to customers 1, 2 13,596 37,660 Year ended 31 Dec 3 238,130 287,995 1 Loans and advances to banks and customers include reverse repos, stock borrowing and other accounts. 2 Settlement accounts, cash collateral and margin receivables included within 'Loans and advances to banks' and 'Loans and advances to customers' were reclassified from ‘Trading assets’ to ‘Other assets’ on 1 January 2018 and comparative data was not restated. This reclassification was in accordance with IFRS 9. 3 Information regarding the effects of adoption of IFRS 9 can be found in Note 37. Trading Securities 1 2018 2017 Footnotes $m $m US Treasury and US Government agencies 2 34,664 15,995 UK Government 9,710 9,540 Hong Kong Government 10,772 10,070 Other governments 66,530 58,858 Asset-backed securities 3 3,351 2,986 Corporate debt and other securities 28,186 27,569 Equity securities 60,896 99,260 At 31 Dec 214,109 224,278 1 Included within these figures are debt securities issued by banks and other financial institutions of $18,918m (2017: $18,585m ), of which $2,367m (2017: $906m ) are guaranteed by various governments. 2 Includes securities that are supported by an explicit guarantee issued by the US Government. 3 Excludes asset-backed securities included under US Treasury and US Government agencies. 2018 2017 Designated at fair value Mandatorily measured at fair value Total Designated at fair value Footnotes $m $m $m $m Securities 2,349 30,217 32,566 29,456 – treasury and other eligible bills 641 29 670 606 – debt securities 1,708 4,839 6,547 4,090 – equity securities — 25,349 25,349 24,760 Loans and advances to banks and customers — 7,717 7,717 8 Other — 828 828 — At 31 Dec 1 2,349 38,762 41,111 29,464 1 Information regarding the effects of adoption of IFRS 9 can be found in Note 37. Securities 1 2018 2017 Designated at fair value Mandatorily measured at fair value Total Designated at fair value Footnotes $m $m $m $m UK Government — — — 17 Hong Kong Government 4 — 4 64 Other governments 673 713 1,386 1,247 Asset-backed securities 2 — 399 399 2 Corporate debt and other securities 1,672 3,756 5,428 3,366 Equities — 25,349 25,349 24,760 At 31 Dec 2,349 30,217 32,566 29,456 1 Included within these figures are debt securities issued by banks and other financial institutions of $ 2,537 m ( 2017 : $ 1,621 m), of which nil ( 2017 : $ 0.4 m) are guaranteed by various governments. 2 Excludes asset-backed securities included under US Treasury and US Government agencies. Carrying amount of financial investments 2018 2017 Footnotes $m $m Financial investments measured at fair value through other comprehensive income 344,767 N/A – treasury and other eligible bills 96,642 N/A – debt securities 246,371 N/A – equity securities 1,657 N/A – other instruments 1 97 N/A Debt instruments measured at amortised cost 2 62,666 N/A – treasury and other eligible bills 679 N/A – debt securities 61,987 N/A Available-for-sale securities at fair value N/A 336,157 – treasury and other eligible bills N/A 78,851 – debt securities N/A 253,389 – equity securities N/A 3,917 Held to maturity securities at amortised cost N/A 52,919 – debt securities 2 N/A 52,919 At 31 Dec 3, 4 407,433 389,076 1 ‘Other instruments’ comprises of loans and advances. 2 Fair value $62.1 bn ( 2017 : $54.1 bn). 3 Categories of financial instruments are disclosed under IFRS 9 at 31 December 2018. These are not directly comparable with 31 December 2017, where the instruments were categorised in accordance with IAS 39. 4 Information regarding the effects of adoption of IFRS 9 can be found in Note 37. Financial investments at amortised cost and fair value 2018 2017 Amortised cost Fair value 1 Amortised cost Fair value 1 Footnotes $m $m $m $m US Treasury 54,941 54,763 41,427 41,274 US Government agencies 2 21,058 20,580 18,691 18,494 US Government-sponsored entities 2 12,867 12,701 10,998 11,033 UK Government 20,576 21,083 17,817 18,538 Hong Kong Government 49,956 49,955 52,269 52,252 Other governments 142,495 144,099 134,766 136,414 Asset-backed securities 3 3,579 3,390 6,187 5,781 Corporate debt and other securities 97,286 98,419 99,136 102,540 Equities 1,353 1,657 2,989 3,917 At 31 Dec 404,111 406,647 384,280 390,243 1 Included within ‘fair value’ figures are debt securities issued by banks and other financial institutions of $ 56 bn ( 2017 : $67 bn), of which $ 8 bn ( 2017 : $15 bn) are guaranteed by various governments. 2 Includes securities that are supported by an explicit guarantee issued by the US Government. 3 Excludes asset-backed securities included under US Government agencies and sponsored entities. Maturities of investments in debt securities at their carrying amount Up to 1 year 1 to 5 years 5 to 10 years Over 10 years Total $m $m $m $m $m Debt securities measured at fair value through other comprehensive income 61,598 124,075 36,194 24,504 246,371 Debt securities measured at amortised cost 2,519 10,086 16,065 33,317 61,987 At 31 Dec 2018 64,117 134,161 52,259 57,821 308,358 Available-for-sale 63,896 122,113 37,292 30,088 253,389 Held to maturity 3,731 9,406 13,482 26,300 52,919 At 31 Dec 2017 67,627 131,519 50,774 56,388 306,308 Contractual maturities and weighted average yields of investment debt securities Up to 1 year 1 to 5 years 5 to 10 years Over 10 years Amount Yield Amount Yield Amount Yield Amount Yield $m % $m % $m % $m % Debt securities measured at fair value through other comprehensive income US Treasury 947 1.6 33,220 2.1 14,396 2.3 2,376 3.1 US Government agencies — — 74 2.1 10 3.8 9,707 2.9 US Government-sponsored agencies 1,361 3.2 1,268 2.6 2,240 2.8 4,309 3.2 UK Government 856 0.9 5,988 1.1 5,472 0.6 859 4.4 Hong Kong Government 456 1.3 551 1.3 63 3.0 — — Other governments 45,390 1.5 48,549 2.8 8,701 2.3 1,489 2.6 Asset-backed securities 16 5.9 25 — 381 2.7 3,156 2.1 Corporate debt and other securities 12,312 1.8 32,893 2.0 4,563 2.3 2,574 3.1 Total amortised cost at 31 Dec 2018 61,338 122,568 35,826 24,470 Total carrying value 61,598 124,075 36,194 24,504 Debt instruments measured at amortised cost US Treasury 34 4.2 53 4.8 1 1.0 152 4.0 US Government agencies — — 18 3.9 26 3.6 11,025 2.6 US Government-sponsored agencies 50 2.2 389 2.7 163 2.6 3,087 3.0 Hong Kong Government 8 4.9 24 1.6 9 1.3 7 1.5 Other governments 329 1.8 470 2.6 451 2.9 744 4.1 Asset-backed securities — — — — — — 2 7.4 Corporate debt and other securities 2,098 3.2 9,132 3.4 15,415 3.4 18,300 3.6 Total amortised cost at 31 Dec 2018 2,519 10,086 16,065 33,317 Total carrying value 2,519 10,086 16,065 33,317 |
Derivatives (Tables)
Derivatives (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Financial Instruments [Abstract] | |
Disclosure of detailed information about hedging instruments | Notional contract amounts and fair values of derivatives by product contract type held by HSBC Notional contract amount Fair value – Assets Fair value – Liabilities Trading Hedging Trading Hedging Total Trading Hedging Total $m $m $m $m $m $m $m $m Foreign exchange 7,552,462 29,969 85,959 458 86,417 82,494 653 83,147 Interest rate 24,589,916 163,271 155,293 1,080 156,373 154,257 2,261 156,518 Equities 1,256,550 — 10,198 — 10,198 10,750 — 10,750 Credit 346,596 — 3,414 — 3,414 3,776 — 3,776 Commodity and other 74,159 — 1,134 — 1,134 1,355 — 1,355 Gross total fair values 33,819,683 193,240 255,998 1,538 257,536 252,632 2,914 255,546 Offset (Note 30) (49,711 ) (49,711 ) At 31 Dec 2018 33,819,683 193,240 255,998 1,538 207,825 252,632 2,914 205,835 Foreign exchange 6,215,518 28,768 78,089 428 78,517 74,915 853 75,768 Interest rate 19,751,577 178,289 235,430 1,365 236,795 229,989 3,042 233,031 Equities 590,156 — 9,353 — 9,353 11,845 — 11,845 Credit 391,798 — 4,692 — 4,692 5,369 — 5,369 Commodity and other 59,716 — 886 — 886 1,233 — 1,233 Gross total fair values 27,008,765 207,057 328,450 1,793 330,243 323,351 3,895 327,246 Offset (Note 30) (110,425 ) (110,425 ) At 31 Dec 2017 27,008,765 207,057 328,450 1,793 219,818 323,351 3,895 216,821 Notional contract amounts and fair values of derivatives by product contract type held by HSBC Holdings with subsidiaries Notional contract amount Assets Liabilities Trading Hedging Trading Hedging Total Trading Hedging Total $m $m $m $m $m $m $m $m Foreign exchange 16,623 1,120 207 — 207 628 155 783 Interest rate 44,059 38,148 283 217 500 538 838 1,376 At 31 Dec 2018 60,682 39,268 490 217 707 1,166 993 2,159 Foreign exchange 20,484 1,120 588 — 588 1,330 110 1,440 Interest rate 41,061 25,294 1,364 436 1,800 678 964 1,642 At 31 Dec 2017 61,545 26,414 1,952 436 2,388 2,008 1,074 3,082 HSBC hedging instrument by hedged risk Hedging instrument Carrying amount Notional amount 1 Assets Liabilities Balance sheet Change in fair value 2 Hedged risk $m $m $m presentation $m Interest rate 3 123,551 915 2,123 Derivatives 283 At 31 Dec 2018 123,551 915 2,123 283 1 The notional contract amounts of derivatives designated in qualifying hedge accounting relationships indicate the nominal value of transactions outstanding at the balance sheet date; they do not represent amounts at risk. 2 Used in effectiveness testing; comprising the full fair value change of the hedging instrument not excluding any component. 3 The hedged risk ‘interest rate’ includes inflation risk. HSBC hedged item by hedged risk Hedged item Ineffectiveness Carrying amount Accumulated fair value hedge adjustments included in carrying amount 2 Change in fair value 1 Recognised in profit and loss Assets Liabilities Assets Liabilities Balance sheet presentation Profit and loss presentation Hedged risk $m $m $m $m $m $m Interest rate 3 93,469 231 Financial assets designated and otherwise mandatorily measured at fair value through other comprehensive income (425 ) (37 ) Net income from financial instruments held for trading or managed on a fair value basis 1,455 (6 ) Loans and advances to customers (4 ) 14,171 (155 ) Debt securities in issue 124 4,780 45 Deposits by banks (15 ) At 31 Dec 2018 94,924 18,951 225 (110 ) (320 ) (37 ) HSBC Holdings hedging instrument by hedged risk Hedging instrument Carrying amount Notional amount 1,4 Assets Liabilities Balance sheet presentation Change in fair value 2 Hedged risk $m $m $m $m Interest rate 3 39,538 217 993 Derivatives (231 ) At 31 Dec 2018 39,538 217 993 (231 ) 1 The notional contract amounts of derivatives designated in qualifying hedge accounting relationships indicate the nominal value of transactions outstanding at the balance sheet date; they do not represent amounts at risk. 2 Used in effectiveness testing; comprising the full fair value change of the hedging instrument not excluding any component. 3 The hedged risk ‘interest rate’ includes foreign exchange risk. 4 The notional amount of non-dynamic fair value hedges is equal to $39,538m , of which the weighted-average maturity date is December 2026 and the weighted-average swap rate is 1.34% . The majority of these hedges are internal to HSBC Group. Hedging instrument by hedged risk Hedging instrument Hedged item Ineffectiveness Carrying amount Change in fair value 2 Change in fair value 3 Recognised in profit and loss Profit and loss presentation Notional amount 1 Assets Liabilities Balance sheet presentation Hedged risk $m $m $m $m $m $m Foreign currency 24,954 295 653 Derivatives (198 ) (200 ) 2 Net income from financial instruments held for trading or managed on a fair value basis Interest rate 39,720 165 138 Derivatives (77 ) (67 ) (10 ) At 31 Dec 2018 64,674 460 791 (275 ) (267 ) (8 ) 1 The notional contract amounts of derivatives designated in qualifying hedge accounting relationships indicate the nominal value of transactions outstanding at the balance sheet date; they do not represent amounts at risk. 2 Used in effectiveness testing; comprising the full fair value change of the hedging instrument not excluding any component. 3 Used in effectiveness assessment; comprising amount attributable to the designated hedged risk that can be a risk component. |
Disclosure of detailed information about financial instruments | Summary of financial instruments to which the impairment requirements in IFRS 9 are applied (Audited) 31 Dec 2018 At 1 Jan 2018 Gross carrying/nominal amount Allowance for ECL 5 Gross carrying/nominal amount Allowance for ECL 5 Footnotes $m $m $m $m Loans and advances to customers at amortised cost 990,321 (8,625 ) 959,080 (9,343 ) – personal 394,337 (2,947 ) 375,069 (3,047 ) – corporate and commercial 534,577 (5,552 ) 520,137 (6,053 ) – non-bank financial institutions 61,407 (126 ) 63,874 (243 ) Loans and advances to banks at amortised cost 72,180 (13 ) 82,582 (23 ) Other financial assets measured at amortised cost 582,917 (55 ) 557,864 (114 ) – cash and balances at central banks 162,845 (2 ) 180,624 (3 ) – items in the course of collection from other banks 5,787 — 6,628 — – Hong Kong Government certificates of indebtedness 35,859 — 34,186 — – reverse repurchase agreements – non-trading 242,804 — 201,553 — – financial investments 62,684 (18 ) 59,539 (16 ) – prepayments, accrued income and other assets 6 72,938 (35 ) 75,334 (95 ) Total gross carrying amount on-balance sheet 1,645,418 (8,693 ) 1,599,526 (9,480 ) Loans and other credit-related commitments 592,008 (325 ) 545,258 (376 ) – personal 207,351 (13 ) 196,093 (14 ) – corporate and commercial 271,022 (305 ) 262,391 (355 ) – non-bank financial institutions 7 113,635 (7 ) 86,774 (7 ) Financial guarantees 8 23,518 (93 ) 25,849 (97 ) – personal 927 (1 ) 718 (4 ) – corporate and commercial 17,355 (85 ) 19,965 (89 ) – non-bank financial institutions 5,236 (7 ) 5,166 (4 ) Total nominal amount off-balance sheet 9 615,526 (418 ) 571,107 (473 ) 2,260,944 (9,111 ) 2,170,633 (9,953 ) Fair value Memorandum allowance for ECL 10 Fair value Memorandum allowance for 10 $m $m $m $m Debt instruments measured at fair value through other comprehensive income (‘FVOCI’) 343,110 (84 ) 322,163 (184 ) For footnotes, see page 192 . Maximum exposure to credit risk (Audited) 2018 Maximum exposure Offset Net $m $m $m Loans and advances to customers held at amortised cost 981,696 (29,534 ) 952,162 – personal 391,390 (3,679 ) 387,711 – corporate and commercial 529,025 (23,421 ) 505,604 – non-bank financial institutions 61,281 (2,434 ) 58,847 Loans and advances to banks at amortised cost 72,167 — 72,167 Other financial assets held at amortised cost 585,600 (21,788 ) 563,812 – cash and balances at central banks 162,843 — 162,843 – items in the course of collection from other banks 5,787 — 5,787 – Hong Kong Government certificates of indebtedness 35,859 — 35,859 – reverse repurchase agreements – non-trading 242,804 (21,788 ) 221,016 – financial investments 62,666 — 62,666 – prepayments, accrued income and other assets 75,641 — 75,641 Derivatives 207,825 (194,306 ) 13,519 Total on-balance sheet exposure to credit risk 1,847,288 (245,628 ) 1,601,660 Total off-balance sheet 874,751 — 874,751 – financial and other guarantees 94,810 — 94,810 – loan and other credit-related commitments 779,941 — 779,941 At 31 Dec 2018 2,722,039 (245,628 ) 2,476,411 Maximum exposure to credit risk (Audited) 2017 Maximum exposure Offset Net $m $m $m Derivatives 219,818 (204,829 ) 14,989 Loans and advances to customers held at amortised cost 962,964 (35,414 ) 927,550 – personal 374,762 (2,946 ) 371,816 – corporate and commercial 516,754 (29,459 ) 487,295 – non-bank financial institutions 71,448 (3,009 ) 68,439 Loans and advances to banks at amortised cost 90,393 (273 ) 90,120 Reverse repurchase agreements – non-trading 201,553 (3,724 ) 197,829 Total on–balance sheet exposure to credit risk 2,305,592 (244,240 ) 2,061,352 Total off–balance sheet 771,908 — 771,908 – financial guarantees and similar contracts 23 41,422 — 41,422 – loan and other credit-related commitments 7 730,486 — 730,486 At 31 Dec 2017 3,077,500 (244,240 ) 2,833,260 For footnotes, see page 192 Unamortised balance of derivatives valued using models with significant unobservable inputs 2018 2017 Footnotes $m $m Unamortised balance at 1 Jan 106 99 Deferral on new transactions 161 191 Recognised in the income statement during the year: (158 ) (187 ) – amortisation (96 ) (85 ) – subsequent to unobservable inputs becoming observable (2 ) (2 ) – maturity, termination or offsetting derivative (60 ) (100 ) Exchange differences (4 ) 10 Other (19 ) (7 ) Unamortised balance at 31 Dec 1 86 106 1 This amount is yet to be recognised in the consolidated income statement. |
Disclosure of detailed information about hedged items | HSBC Holdings hedged item by hedged risk Hedged item Ineffectiveness Carrying amount Accumulated fair value hedge adjustments included in carrying amount 2 Change in fair value 1 Recognised in profit and loss Assets Liabilities Assets Liabilities Balance sheet presentation Profit and loss presentation Hedged risk $m $m $m $m $m $m Interest rate 3 4,620 29 Loans and advances to banks 38 (2 ) Net income from financial instruments held for trading or managed on a fair value basis 33,874 (763 ) Debt securities in issue 191 At 31 Dec 2018 4,620 33,874 29 (763 ) 229 (2 ) 1 Used in effectiveness assessment; comprising amount attributable to the designated hedged risk that can be a risk component. 2 The accumulated amount of fair value adjustments remaining in the statement of financial position for hedged items that have ceased to be adjusted for hedging gains and losses were liabilities of $80m for debt issued. 3 The hedged risk ‘interest rate’ includes foreign exchange risk. HSBC hedged item by hedged risk Hedged item Ineffectiveness Carrying amount Accumulated fair value hedge adjustments included in carrying amount 2 Change in fair value 1 Recognised in profit and loss Assets Liabilities Assets Liabilities Balance sheet presentation Profit and loss presentation Hedged risk $m $m $m $m $m $m Interest rate 3 93,469 231 Financial assets designated and otherwise mandatorily measured at fair value through other comprehensive income (425 ) (37 ) Net income from financial instruments held for trading or managed on a fair value basis 1,455 (6 ) Loans and advances to customers (4 ) 14,171 (155 ) Debt securities in issue 124 4,780 45 Deposits by banks (15 ) At 31 Dec 2018 94,924 18,951 225 (110 ) (320 ) (37 ) 1 Used in effectiveness assessment; comprising amount attributable to the designated hedged risk that can be a risk component. 2 The accumulated amount of fair value adjustments remaining in the statement of financial position for hedged items that have ceased to be adjusted for hedging gains and losses were assets of $93m for FVOCI and assets of $19m for debt issued. 3 The hedged risk ‘interest rate’ includes inflation risk. HSBC Holdings hedging instrument by hedged risk Hedging instrument Carrying amount Notional amount 1,4 Assets Liabilities Balance sheet presentation Change in fair value 2 Hedged risk $m $m $m $m Interest rate 3 39,538 217 993 Derivatives (231 ) At 31 Dec 2018 39,538 217 993 (231 ) |
Disclosure of information about amounts that affected statement of comprehensive income as result of hedge accounting | Reconciliation of equity and analysis of other comprehensive income by risk type Interest rate Foreign currency $m $m Cash flow hedging reserve at 1 Jan 2018 (40 ) (187 ) Fair value gains/(losses) (67 ) (200 ) Fair value (gains)/losses reclassified from the cash flow hedge reserve to the income statement in respect of: Hedged items that have affected profit or loss 90 227 Income taxes (11 ) (13 ) Others 2 (9 ) Cash flow hedging reserve at 31 Dec 2018 (26 ) (182 ) |
Financial Investments (Tables)
Financial Investments (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Financial Instruments [Abstract] | |
Schedules of financial investments | 2018 2017 Footnotes $m $m Treasury and other eligible bills 22,674 17,532 Debt securities 130,539 107,486 Equity securities 60,896 99,260 Trading securities 214,109 224,278 Loans and advances to banks 1, 2 10,425 26,057 Loans and advances to customers 1, 2 13,596 37,660 Year ended 31 Dec 3 238,130 287,995 1 Loans and advances to banks and customers include reverse repos, stock borrowing and other accounts. 2 Settlement accounts, cash collateral and margin receivables included within 'Loans and advances to banks' and 'Loans and advances to customers' were reclassified from ‘Trading assets’ to ‘Other assets’ on 1 January 2018 and comparative data was not restated. This reclassification was in accordance with IFRS 9. 3 Information regarding the effects of adoption of IFRS 9 can be found in Note 37. Trading Securities 1 2018 2017 Footnotes $m $m US Treasury and US Government agencies 2 34,664 15,995 UK Government 9,710 9,540 Hong Kong Government 10,772 10,070 Other governments 66,530 58,858 Asset-backed securities 3 3,351 2,986 Corporate debt and other securities 28,186 27,569 Equity securities 60,896 99,260 At 31 Dec 214,109 224,278 1 Included within these figures are debt securities issued by banks and other financial institutions of $18,918m (2017: $18,585m ), of which $2,367m (2017: $906m ) are guaranteed by various governments. 2 Includes securities that are supported by an explicit guarantee issued by the US Government. 3 Excludes asset-backed securities included under US Treasury and US Government agencies. 2018 2017 Designated at fair value Mandatorily measured at fair value Total Designated at fair value Footnotes $m $m $m $m Securities 2,349 30,217 32,566 29,456 – treasury and other eligible bills 641 29 670 606 – debt securities 1,708 4,839 6,547 4,090 – equity securities — 25,349 25,349 24,760 Loans and advances to banks and customers — 7,717 7,717 8 Other — 828 828 — At 31 Dec 1 2,349 38,762 41,111 29,464 1 Information regarding the effects of adoption of IFRS 9 can be found in Note 37. Securities 1 2018 2017 Designated at fair value Mandatorily measured at fair value Total Designated at fair value Footnotes $m $m $m $m UK Government — — — 17 Hong Kong Government 4 — 4 64 Other governments 673 713 1,386 1,247 Asset-backed securities 2 — 399 399 2 Corporate debt and other securities 1,672 3,756 5,428 3,366 Equities — 25,349 25,349 24,760 At 31 Dec 2,349 30,217 32,566 29,456 1 Included within these figures are debt securities issued by banks and other financial institutions of $ 2,537 m ( 2017 : $ 1,621 m), of which nil ( 2017 : $ 0.4 m) are guaranteed by various governments. 2 Excludes asset-backed securities included under US Treasury and US Government agencies. Carrying amount of financial investments 2018 2017 Footnotes $m $m Financial investments measured at fair value through other comprehensive income 344,767 N/A – treasury and other eligible bills 96,642 N/A – debt securities 246,371 N/A – equity securities 1,657 N/A – other instruments 1 97 N/A Debt instruments measured at amortised cost 2 62,666 N/A – treasury and other eligible bills 679 N/A – debt securities 61,987 N/A Available-for-sale securities at fair value N/A 336,157 – treasury and other eligible bills N/A 78,851 – debt securities N/A 253,389 – equity securities N/A 3,917 Held to maturity securities at amortised cost N/A 52,919 – debt securities 2 N/A 52,919 At 31 Dec 3, 4 407,433 389,076 1 ‘Other instruments’ comprises of loans and advances. 2 Fair value $62.1 bn ( 2017 : $54.1 bn). 3 Categories of financial instruments are disclosed under IFRS 9 at 31 December 2018. These are not directly comparable with 31 December 2017, where the instruments were categorised in accordance with IAS 39. 4 Information regarding the effects of adoption of IFRS 9 can be found in Note 37. Financial investments at amortised cost and fair value 2018 2017 Amortised cost Fair value 1 Amortised cost Fair value 1 Footnotes $m $m $m $m US Treasury 54,941 54,763 41,427 41,274 US Government agencies 2 21,058 20,580 18,691 18,494 US Government-sponsored entities 2 12,867 12,701 10,998 11,033 UK Government 20,576 21,083 17,817 18,538 Hong Kong Government 49,956 49,955 52,269 52,252 Other governments 142,495 144,099 134,766 136,414 Asset-backed securities 3 3,579 3,390 6,187 5,781 Corporate debt and other securities 97,286 98,419 99,136 102,540 Equities 1,353 1,657 2,989 3,917 At 31 Dec 404,111 406,647 384,280 390,243 1 Included within ‘fair value’ figures are debt securities issued by banks and other financial institutions of $ 56 bn ( 2017 : $67 bn), of which $ 8 bn ( 2017 : $15 bn) are guaranteed by various governments. 2 Includes securities that are supported by an explicit guarantee issued by the US Government. 3 Excludes asset-backed securities included under US Government agencies and sponsored entities. Maturities of investments in debt securities at their carrying amount Up to 1 year 1 to 5 years 5 to 10 years Over 10 years Total $m $m $m $m $m Debt securities measured at fair value through other comprehensive income 61,598 124,075 36,194 24,504 246,371 Debt securities measured at amortised cost 2,519 10,086 16,065 33,317 61,987 At 31 Dec 2018 64,117 134,161 52,259 57,821 308,358 Available-for-sale 63,896 122,113 37,292 30,088 253,389 Held to maturity 3,731 9,406 13,482 26,300 52,919 At 31 Dec 2017 67,627 131,519 50,774 56,388 306,308 Contractual maturities and weighted average yields of investment debt securities Up to 1 year 1 to 5 years 5 to 10 years Over 10 years Amount Yield Amount Yield Amount Yield Amount Yield $m % $m % $m % $m % Debt securities measured at fair value through other comprehensive income US Treasury 947 1.6 33,220 2.1 14,396 2.3 2,376 3.1 US Government agencies — — 74 2.1 10 3.8 9,707 2.9 US Government-sponsored agencies 1,361 3.2 1,268 2.6 2,240 2.8 4,309 3.2 UK Government 856 0.9 5,988 1.1 5,472 0.6 859 4.4 Hong Kong Government 456 1.3 551 1.3 63 3.0 — — Other governments 45,390 1.5 48,549 2.8 8,701 2.3 1,489 2.6 Asset-backed securities 16 5.9 25 — 381 2.7 3,156 2.1 Corporate debt and other securities 12,312 1.8 32,893 2.0 4,563 2.3 2,574 3.1 Total amortised cost at 31 Dec 2018 61,338 122,568 35,826 24,470 Total carrying value 61,598 124,075 36,194 24,504 Debt instruments measured at amortised cost US Treasury 34 4.2 53 4.8 1 1.0 152 4.0 US Government agencies — — 18 3.9 26 3.6 11,025 2.6 US Government-sponsored agencies 50 2.2 389 2.7 163 2.6 3,087 3.0 Hong Kong Government 8 4.9 24 1.6 9 1.3 7 1.5 Other governments 329 1.8 470 2.6 451 2.9 744 4.1 Asset-backed securities — — — — — — 2 7.4 Corporate debt and other securities 2,098 3.2 9,132 3.4 15,415 3.4 18,300 3.6 Total amortised cost at 31 Dec 2018 2,519 10,086 16,065 33,317 Total carrying value 2,519 10,086 16,065 33,317 |
Equity instruments measured at fair value through other comprehensive income | Equity instruments measured at fair value through other comprehensive income Fair value Dividends recognised Type of equity instruments $m $m Investments required by central institutions 848 34 Business facilitation 758 21 Others 51 9 At 31 Dec 2018 1,657 64 |
Assets pledged, collateral re_2
Assets pledged, collateral received and assets transferred (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Financial Instruments [Abstract] | |
Disclosure of assets pledged | Financial assets pledged as collateral 2018 2017 Footnotes $m $m Treasury bills and other eligible securities 11,470 10,183 Loans and advances to banks 1 151 14,518 Loans and advances to customers 1 51,659 68,336 Debt securities 95,210 96,245 Equity securities 22,510 33,209 Other 1 34,028 2,743 Assets pledged at 31 Dec 2 215,028 225,234 1 Settlement accounts, cash collateral and margin receivables included within 'Loans and advances to banks' and 'Loans and advances to customers' were reclassified from ‘Trading assets’ to ‘Other assets’ on 1 January 2018. Comparative data has not been restated. 2 Information regarding the effects of adoption of IFRS 9 can be found in Note 37. |
Disclosure of financial assets pledged as collateral which the counterparty has the right to sell or repledge | Financial assets pledged as collateral which the counterparty has the right to sell or repledge 2018 2017 $m $m Trading assets 76,121 70,117 Financial investments 15,741 13,581 At 31 Dec 91,862 83,698 |
Disclosure of transferred financial assets not qualifying for full derecognition and associated financial liabilities | Transferred financial assets not qualifying for full derecognition and associated financial liabilities Carrying amount of: Fair value of: Transferred assets Associated liabilities Transferred assets Associated liabilities Net position $m $m $m $m $m At 31 Dec 2018 Repurchase agreements 62,216 60,361 Securities lending agreements 32,486 2,426 Other sales (recourse to transferred assets only) 2,647 2,647 2,625 2,630 (5 ) At 31 Dec 2017 Repurchase agreements 55,510 52,093 Securities lending agreements 33,878 3,324 Other sales (recourse to transferred assets only) 2,387 2,388 2,377 2,378 (1 ) |
Interest in associates and jo_2
Interest in associates and joint ventures (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Interests In Other Entities [Abstract] | |
Disclosure of interests in associates | Principal associates of HSBC 2018 2017 Carrying Fair 1 Carrying Fair 1 $m $m $m $m Bank of Communications Co., Limited 17,754 10,991 18,057 10,491 The Saudi British Bank 3,557 5,222 3,618 4,320 1 Principal associates are listed on recognised stock exchanges. The fair values are based on the quoted market prices of the shares held (Level 1 in the fair value hierarchy). At 31 Dec 2018 Footnotes Country of incorporation and principal place of business Principal activity HSBC’s interest % Bank of Communications Co., Limited People’s Republic of China Banking services 19.03 The Saudi British Bank 1 Saudi Arabia Banking services 40.00 1 In 2018, The Saudi British Bank announced a merger agreement with Alawwal Bank in Saudi Arabia. The merger, subject to shareholder and regulatory approval, is expected to be completed in 2019 and would dilute HSBC’s shareholding in the merged bank from 40% to 29.2% . At 31 Dec 2018 At 31 Dec 2017 VIU Carrying value Fair VIU Carrying value Fair $bn $bn $bn $bn $bn $bn Bank of Communications Co., Limited 18.0 17.8 11.0 18.3 18.1 10.5 Selected balance sheet information of BoCom At 30 Sep 2018 2017 Footnotes $m $m Cash and balances at central banks 125,414 146,029 Loans and advances to banks and other financial institutions 102,980 120,403 Loans and advances to customers 686,951 662,706 Other financial assets 408,136 386,067 Other assets 42,106 58,202 Total assets 1,365,587 1,373,407 Deposits by banks and other financial institutions 304,395 366,993 Customer accounts 829,539 747,882 Other financial liabilities 94,900 123,751 Other liabilities 36,332 32,568 Total liabilities 1,265,166 1,271,194 Total equity 1 100,421 102,213 1 Due to the adoption of IFRS9, the opening equity of BoCom at 1 January 2018 was reduced by $4,053m . Selected income statement information of BoCom For the 12 months ended 30 Sep 2018 2017 $m $m Net interest income 19,295 19,080 Net fee and commission income 6,245 5,698 Change in expected credit losses/loan impairment charges (5,602 ) (4,286 ) Depreciation and amortisation (767 ) (1,342 ) Tax expense (1,554 ) (2,234 ) Profit for the year 11,116 10,288 Other comprehensive income 190 (624 ) Total comprehensive income 11,306 9,664 Dividends received from BoCom 611 565 Movements in interests in associates and joint ventures 2018 2017 Footnotes $m $m As at 31 Dec 2017 22,744 20,029 Impact on transition to IFRS 9 (942 ) N/A At 1 Jan 21,802 20,029 Additions 81 60 Disposals (85 ) (67 ) Share of results 2,536 2,375 Dividends (910 ) (740 ) Exchange differences (1,018 ) 1,144 Share of other comprehensive income of associates and joint ventures (64 ) (43 ) Other movements 65 (14 ) At 31 Dec 1 22,407 22,744 1 Includes goodwill of $511m (2017: $521m ). Associates The undertakings below are associates and equity accounted. Associates % of share class held by immediate parent company (or by the Group where this varies) Footnotes Bank of Communications Co., Ltd. 19.03 9, 126 Barrowgate Limited 24.64 137 BGF Group PLC 24.48 140 Bud Financial Limited 8.02 3, 9, 17 Canara HSBC Oriental Bank of Commerce Life Insurance Company Limited 26.00 148 CFAC Payment Scheme Limited 33.33 1, 3, 154 Chemi & Cotex (Rwanda) Limited 99.98 (33.99) 1, 160 Chemi & Cotex Kenya Limited 99.99 (33.99) 1, 166 Chemi and Cotex Industries Limited 100.00 (33.99) 1 , 179 EPS Company (Hong Kong) Limited 40.58 68 GZHS Research Co Ltd 33.00 (20.50) 1, 12, 181 HSBC Mortgage Limited Liability Partnership (in liquidation) n/a 7, 190 Icon Brickell LLC (in liquidation) n/a 7,192 Jeppe Star Limited 100.00 (33.99) 123 MENA Infrastructure Fund (GP) Ltd 33.33 142 Northstar Trade Finance Inc. 20.08 197 Novo Star Limited 33.99 198 PEF 2005 (A) Limited Partnership n/a 7, 57 PEF 2005 (D) Limited Partnership n/a 7, 57 PEF 2010 (A) Limited Partnership n/a 7, 57 Peregrine Capital (India) Private Limited 33.46 91 Prisma Medios de Pago S.A. 7.06 1, 205 Quantexa Limited 10.51 9, 204 Services Epargne Entreprise 14.35 4, 9, 59 The London Gold Market Fixing Limited n/a 1, 7, 180 The Saudi British Bank 40.00 194 Vizolution Limited 17.95 9, 123 We Trade Innovation Designated Activity Company 8.52 9, 84 |
Sensitivity of VIU to reasonably possible changes in key assumptions | The following table shows the change to each key assumption in the VIU calculation that on its own would reduce the headroom to nil. Key assumption Changes to key assumption to reduce headroom to nil • Long-term profit growth rate • decreases by 13 basis points • Long-term asset growth rate • increases by 12 basis points • Discount rate • increases by 16 basis points • Loan impairment charge as a percentage of customer advances • increases by 2 basis points • Risk-weighted assets as a percentage of total assets • increases by 77 basis points • Cost-income ratio • increases by 50 basis points • Long-term effective tax rate • increases by 123 basis points • Regulatory capital requirements – capital adequacy ratio • increases by 14 basis points • Regulatory capital requirements – tier 1 capital adequacy ratio • increases by 75 basis points Sensitivity of VIU to reasonably possible changes in key assumptions Favourable change Unfavourable change Increase VIU Decrease VIU bps $bn $bn bps $bn $bn At 31 Dec 2018 Long-term profit growth rate 100 2.6 20.6 (10 ) (0.2 ) 17.8 Long-term asset growth rate (10 ) 0.3 18.3 100 (2.8 ) 15.3 Discount rate (142 ) 3.2 21.3 28 (0.5 ) 17.5 Loan impairment charge as a percentage of customer advances 2018-22: 0.70% 0.9 18.9 2018-22: 0.83% (1.0 ) 17.0 Risk-weighted assets as a percentage of total assets (140 ) 0.5 18.6 80 (0.3 ) 17.8 Cost-income ratio (160 ) 1.1 19.2 200 (1.4 ) 16.7 Long term effective tax rate (280 ) 0.7 18.7 250 (0.6 ) 17.5 Earnings in short to medium term – compound annual growth rate 1 204 1.6 19.6 (366 ) (2.5 ) 15.5 Regulatory capital requirements – capital adequacy ratio — — 18.0 258 (5.0 ) 13.0 Regulatory capital requirements - tier 1 capital adequacy ratio — — 18.0 243 (3.2 ) 14.8 At 31 Dec 2017 Long-term profit growth rate 200 6.6 24.9 — — 18.3 Long-term asset growth rate (20 ) 0.5 18.9 200 (7.1 ) 11.2 Discount rate (35 ) 0.7 19.1 65 (1.2 ) 17.1 Loan impairment charge as a percentage of customer advances 2017-20: 0.71% 0.1 18.5 2017-20: 0.90% (1.3 ) 17.0 Risk-weighted assets as a percentage of total assets (60 ) 0.2 18.6 30 (0.1 ) 18.2 Cost-income ratio (173 ) 1.5 19.8 — — 18.3 Long-term effective tax rate (120 ) 0.3 18.6 250 (0.67 ) 17.7 Earnings in short to medium term – compound annual growth rate 1 288 2.8 21.1 (311 ) (3.6 ) 14.7 Regulatory capital requirements – capital adequacy ratio — — 18.3 248 (5.6 ) 12.7 Regulatory capital requirements – tier 1 capital adequacy ratio — — 18.3 234 (3.5 ) 14.8 1 Based on management’s explicit forecasts over the short to medium term. |
Summarised aggregate financial information of associates | Reconciliation of BoCom’s total shareholders’ equity to the carrying amount in HSBC’s consolidated financial statements At 30 Sep 2018 2017 $m $m HSBC’s share of total shareholders’ equity 17,275 17,551 Goodwill and other intangible assets 479 506 Carrying amount 17,754 18,057 Summarised aggregate financial information for all associates excluding BoCom 2018 2017 $m $m Carrying amount 4,482 4,520 HSBC’s share of: – total assets 20,470 20,625 – total liabilities 15,675 16,119 – revenues 959 1,051 – profit or loss from continuing operations 487 487 |
Movements in interests in associates and joint ventures | Movements in interests in associates and joint ventures 2018 2017 Footnotes $m $m As at 31 Dec 2017 22,744 20,029 Impact on transition to IFRS 9 (942 ) N/A At 1 Jan 21,802 20,029 Additions 81 60 Disposals (85 ) (67 ) Share of results 2,536 2,375 Dividends (910 ) (740 ) Exchange differences (1,018 ) 1,144 Share of other comprehensive income of associates and joint ventures (64 ) (43 ) Other movements 65 (14 ) At 31 Dec 1 22,407 22,744 1 Includes goodwill of $511m (2017: $521m ). Joint ventures The undertakings below are joint ventures and equity accounted. Joint ventures % of share class held by immediate parent company (or by the Group where this varies) Footnotes HCM Holdings Limited 50.99 36 House Network Sdn Bhd 25.00 15 HSBC Jintrust Fund Management Company Limited 49.00 12, 93 HSBC Saudi Arabia 49.00 (69.40) 191 ProServe Bermuda Limited 50.00 107 Sino AG 24.94 (20.11) 208 The London Silver Market Fixing Limited n/a 1, 7, 180 Vaultex UK Limited 50.00 109 |
Investments in subsidiaries (Ta
Investments in subsidiaries (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Interests In Other Entities [Abstract] | |
Investments in subsidiaries | Main subsidiaries of HSBC Holdings At 31 Dec 2018 Place of incorporation or registration HSBC’s interest % Share class Europe HSBC Bank plc England and Wales 100 £1 Ordinary, $0.01 Non-cumulative third Dollar Preference HSBC UK Bank plc England and Wales 100 £1 Ordinary HSBC France France 99.99 €5 Actions HSBC Trinkaus & Burkhardt AG Germany 80.67 Stückaktien no par value Asia Hang Seng Bank Limited Hong Kong 62.14 HK$5 Ordinary HSBC Bank (China) Company Limited People’s Republic of China 100 CNY1 Ordinary HSBC Bank Malaysia Berhad Malaysia 100 RM0.50 Ordinary HSBC Life (International) Limited Bermuda 100 HK$1 Ordinary The Hongkong and Shanghai Banking Corporation Limited Hong Kong 100 Ordinary no par value Middle East and North Africa HSBC Bank Middle East Limited United Arab Emirates 100 $1 Ordinary and $1 Cumulative Redeemable Preference shares (CRP) North America HSBC Bank Canada Canada 100 Common no par value and Preference no par value HSBC Bank USA, N.A. US 100 $100 Common and $0.01 Preference Latin America HSBC Mexico, S.A., Institución de Banca Múltiple, Mexico 99.99 MXN2 Ordinary Subsidiaries with significant non-controlling interests 2018 2017 Hang Seng Bank Limited Proportion of ownership interests and voting rights held by non-controlling interests 37.86 % 37.86% Place of business Hong Kong Hong Kong $m $m Profit attributable to non-controlling interests 1,194 997 Accumulated non-controlling interests of the subsidiary 6,637 6,233 Dividends paid to non-controlling interests 647 594 Summarised financial information: – total assets 197,867 186,638 – total liabilities 179,450 169,275 – net operating income before changes in expected credit losses and other credit impairment charges 5,294 4,556 – profit for the year 3,159 2,632 – total comprehensive income for the year 2,950 2,895 Subsidiaries % of share class held by immediate parent company (or by the Group where this varies) Footnotes ACN 087 652 113 Pty Limited (in liquidation) 100.00 16 Almacenadora Banpacifico S.A. (in liquidation) 99.99 18 Assetfinance December (F) Limited 100.00 19 Assetfinance December (H) Limited 100.00 19 Assetfinance December (M) Limited 100.00 19 Assetfinance December (P) Limited 100.00 19 Assetfinance December (R) Limited 100.00 19 Assetfinance June (A) Limited 100.00 19 Assetfinance June (D) Limited 100.00 19 Assetfinance Limited 100.00 19 Assetfinance March (B) Limited 100.00 20 Assetfinance March (D) Limited 100.00 19 Assetfinance March (F) Limited 100.00 19 Assetfinance September (F) Limited 100.00 19 Assetfinance September (G) Limited 100.00 19 B&Q Financial Services Limited 100.00 21 Banco Nominees (Guernsey) Limited 100.00 22 Banco Nominees 2 (Guernsey) Limited 100.00 22 Banco Nominees Limited 100.00 23 Bank of Bermuda (Cayman) Limited 100.00 24 Beau Soleil Limited Partnership n/a 7, 25 Beijing Miyun HSBC Rural Bank Company Limited 100.00 12, 26 Billingsgate Nominees Limited 100.00 19 Canada Crescent Nominees (UK) Limited 100.00 19 Canada Square Nominees (UK) Limited 100.00 19 Canada Water Nominees (UK) Limited (in liquidation) 100.00 19 Capco/Cove, Inc. 100.00 27 Card-Flo #1, Inc. 100.00 28 Card-Flo #3, Inc. 100.00 29 CC&H Holdings LLC n/a 7, 30 CCF & Partners Asset Management Limited 99.99 19 CCF Charterhouse GmbH & Co Asset Leasing KG (in liquidation) n/a 7, 31 CCF Charterhouse GmbH (in liquidation) 100.00 (99.99) 4, 31 CCF Holding (LIBAN) S.A.L. (in liquidation) 74.99 1, 32 Charterhouse Administrators (D.T.) Limited 100.00 (99.99) 19 Charterhouse Development Limited (in liquidation) 100.00 36 Charterhouse Management Services Limited 100.00 (99.99) 19 Charterhouse Pensions Limited 100.00 19 Chongqing Dazu HSBC Rural Bank Company Limited 100.00 12, 33 Chongqing Fengdu HSBC Rural Bank Company Limited 100.00 12, 34 Chongqing Rongchang HSBC Rural Bank Company Limited 100.00 12, 35 CL Residential Limited (in liquidation) 100.00 36 COIF Nominees Limited n/a 7, 19 Cordico Management AG 100.00 37 Corhold Limited 100.00 38 Corsair IV Financial Services Capital Partners n/a 7, 49 Dalian Pulandian HSBC Rural Bank Company Limited 100.00 12, 39 Decision One Mortgage Company, LLC n/a 7, 40 Dem 5 100.00 (99.99) 4, 41 Dem 9 100.00 (99.99) 4, 41 Dempar 1 100.00 (99.99) 4, 42 Dempar 4 100.00 (99.99) 4, 42 Desarrollo Turistico, S.A. de C.V. (in liquidation) 99.99 18 Elysees GmbH (in liquidation) 100.00 (99.99) 11, 31 Elysées Immo Invest 100.00 (99.99) 4, 43 Equator Holdings Limited (in liquidation) 100.00 19 Subsidiaries % of share class held by immediate parent company (or by the Group where this varies) Footnotes Eton Corporate Services Limited 100.00 22 Far East Leasing SA (in liquidation) 100.00 44 Fdm 5 SAS 100.00 (99.99) 4, 41 FEPC Leasing Ltd. (in liquidation) 100.00 3, 45 Finanpar 2 100.00 (99.99) 4, 43 Finanpar 7 100.00 (99.99) 4, 43 Flandres Contentieux S.A. 100.00 (99.99) 1, 4, 46 Foncière Elysées 100.00 (99.99) 4, 42 Forward Trust Rail Services Limited (in liquidation) 100.00 19 Fujian Yongan HSBC Rural Bank Company Limited 100.00 12, 47 Fulcher Enterprises Company Limited 100.00 (62.14) 48 Fundacion HSBC, A.C. 99.99 1, 11, 18 Giller Ltd. 100.00 27 Global Payments Technology Mexico S.A. De C.V. 100.00 (99.99) 18 GPIF Co-Investment, LLC n/a 7, 29 Griffin International Limited 100.00 19 Grundstuecksgesellschaft Trinkausstrasse Kommanditgesellschaft n/a 7, 50 Grupo Financiero HSBC, S. A. de C. V. 99.99 18 Guangdong Enping HSBC Rural Bank Company Limited 100.00 12, 51 Hang Seng (Nominee) Limited 100.00 (62.14) 48 Hang Seng Bank (China) Limited 100.00 (62.14) 12, 54 Hang Seng Bank (Trustee) Limited 100.00 (62.14) 48 Hang Seng Bank Limited 62.14 48 Hang Seng Bullion Company Limited 100.00 (62.14) 48 Hang Seng Credit Limited 100.00 (62.14) 48 Hang Seng Data Services Limited 100.00 (62.14) 48 Hang Seng Finance Limited 100.00 (62.14) 48 Hang Seng Financial Information Limited 100.00 (62.14) 48 Hang Seng Futures Limited (in liquidation) 100.00 (62.14) 48 Hang Seng Indexes Company Limited 100.00 (62.14) 48 Hang Seng Insurance Company Limited 100.00 (62.14) 48 Hang Seng Investment Management Limited 100.00 (62.14) 48 Hang Seng Investment Services Limited 100.00 (62.14) 48 Hang Seng Life Limited 100.00 (62.14) 48 Hang Seng Real Estate Management Limited 100.00 (62.14) 48 Hang Seng Securities Limited 100.00 (62.14) 48 Hang Seng Security Management Limited 100.00 (62.14) 48 Hang Seng Qianhai Fund Management Company Limited 70.00 (43.49) 12, 189 Haseba Investment Company Limited 100.00 (62.14) 48 HFC Bank Limited (in liquidation) 100.00 36 Hg Janus A Co-Invest L.P. n/a 7, 210 High Time Investments Limited 100.00 (62.14) 48 HITG Administration GmbH 100.00 55 Honey Green Enterprises Ltd. 100.00 56 Hongkong International Trade Finance (Holdings) Limited (in liquidation) 100.00 19 Household Capital Markets LLC n/a 7, 29 Household Finance Corporation III 100.00 29 Household International Europe Limited (in liquidation) 100.00 3, 36 Household Pooling Corporation 100.00 58 HRMG Nominees Limited 100.00 22 HSBC (BGF) Investments Limited 100.00 19 HSBC (General Partner) Limited 100.00 2, 60 HSBC (Guernsey) GP PCC Limited 100.00 22 HSBC (Kuala Lumpur) Nominees Sdn Bhd 100.00 61 HSBC (Malaysia) Trustee Berhad 100.00 62 HSBC (Singapore) Nominees Pte Ltd 100.00 63 Subsidiaries % of share class held by immediate parent company (or by the Group where this varies) Footnotes HSBC Administradora de Inversiones S.A. 100.00 (99.65) 64 HSBC Agency (India) Private Limited 100.00 65 HSBC Alpha Funding (UK) Holdings LP (in liquidation) n/a 7, 66 HSBC Alternative Investments Limited 100.00 19 HSBC Amanah Malaysia Berhad 100.00 61 HSBC Amanah Takaful (Malaysia) Berhad 49.00 9, 61 HSBC Americas Corporation (Delaware) 100.00 29 HSBC Argentina Holdings S.A. 100.00 67 HSBC Asia Holdings (UK) Limited 100.00 19 HSBC Asia Holdings B.V. 100.00 3, 19 HSBC Asia Holdings Limited 100.00 2, 68 HSBC Asia Pacific Holdings (UK) Limited 100.00 5, 19 HSBC Asset Finance (UK) Limited 100.00 19 HSBC Asset Finance Holdings Limited (in liquidation) 100.00 19 HSBC Asset Finance M.O.G. Holdings (UK) Limited 100.00 19 HSBC Asset Management (India) Private Limited 100.00 (99.99) 3, 69 HSBC Assurances Vie (France) 100.00 (99.99) 4, 46 HSBC Australia Holdings Pty Limited 100.00 3, 5, 16 HSBC Bank (Chile) 100.00 70 HSBC Bank (China) Company Limited 100.00 12, 71 HSBC Bank (General Partner) Limited 100.00 60 HSBC Bank (Mauritius) Limited 100.00 72 HSBC Bank (RR) (Limited Liability Company) 100.00 13, 73 HSBC Bank (Singapore) Limited 100.00 63 HSBC Bank (Taiwan) Limited 100.00 74 HSBC Bank (Uruguay) S.A. 100.00 75 HSBC Bank (Vietnam) Ltd. 100.00 76 HSBC Bank A.S. 100.00 77 HSBC Bank Argentina S.A. 100.00 (99.99) 67 HSBC Bank Armenia cjsc 70.00 78 HSBC Bank Australia Limited 100.00 16 HSBC Bank Bermuda Limited 100.00 23 HSBC Bank Canada 100.00 3, 79 HSBC Bank Capital Funding (Sterling 1) LP n/a 7, 60 HSBC Bank Capital Funding (Sterling 2) LP n/a 7, 60 HSBC Bank Egypt S.A.E 94.54 80 HSBC Bank Malaysia Berhad 100.00 61 HSBC Bank Malta p.l.c. 70.03 81 HSBC Bank Middle East Limited 100.00 5, 82 HSBC Bank Middle East Limited, Representative Office Morocco SARL 100.00 83 HSBC Bank Nominee (Jersey) Limited 100.00 85 HSBC Bank Oman S.A.O.G. 51.00 86 HSBC Bank Pension Trust (UK) Limited 100.00 19 HSBC Bank plc 100.00 3, 19 HSBC Bank Polska S.A. 100.00 3, 87 HSBC Bank USA, National Association 100.00 3, 88 HSBC Branch Nominee (UK) Limited 100.00 19 HSBC Brasil Holding S.A. 100.00 89 HSBC Brasil S.A. Banco De Investimento 100.00 89 HSBC Broking Forex (Asia) Limited 100.00 68 HSBC Broking Futures (Asia) Limited 100.00 68 HSBC Broking Futures (Hong Kong) Limited 100.00 68 HSBC Broking Securities (Asia) Limited 100.00 68 HSBC Broking Securities (Hong Kong) Limited 100.00 68 HSBC Broking Services (Asia) Limited 100.00 68 HSBC Canadian Covered Bond (Legislative) GP Inc 100.00 90 HSBC Canadian Covered Bond (Legislative) Guarantor Limited Partnership n/a 7, 90 HSBC Capital (USA), Inc. 100.00 29 HSBC Capital Funding (Dollar 1) L.P. n/a 7, 60 HSBC Capital Limited 100.00 68 HSBC Card Services Inc. 100.00 29 Subsidiaries % of share class held by immediate parent company (or by the Group where this varies) Footnotes HSBC Casa de Bolsa, S.A. de C.V., Grupo Financiero HSBC 99.99 18 HSBC Cayman Services Limited 100.00 92 HSBC City Funding Holdings 100.00 19 HSBC Client Holdings Nominee (UK) Limited 100.00 19 HSBC Client Share Offer Nominee (UK) Limited 100.00 19 HSBC Columbia Funding, LLC n/a 7, 29 HSBC Corporate Advisory (Malaysia) Sdn Bhd 100.00 61 HSBC Corporate Finance (Hong Kong) Limited 100.00 68 HSBC Corporate Trustee Company (UK) Limited 100.00 19 HSBC Custody Nominees (Australia) Limited 100.00 16 HSBC Custody Services (Guernsey) Limited 100.00 22 HSBC Daisy Investments (Mauritius) Limited 100.00 94 HSBC Diversified Loan Fund General Partner Sarl n/a 7, 95 HSBC Electronic Data Processing (Guangdong) Limited 100.00 12, 96 HSBC Electronic Data Processing (Malaysia) Sdn Bhd 100.00 97 HSBC Electronic Data Processing (Philippines), Inc. 99.99 98 HSBC Electronic Data Processing India Private Limited 100.00 99 HSBC Electronic Data Processing Lanka (Private) Limited 100.00 100 HSBC Electronic Data Service Delivery (Egypt) S.A.E. 100.00 101 HSBC Enterprise Investment Company (UK) Limited 100.00 19 HSBC Epargne Entreprise (France) 100.00 (99.99) 4, 46 HSBC Equator (UK) Limited (in liquidation) 100.00 19 HSBC Equipment Finance (UK) Limited 100.00 19 HSBC Equity (UK) Limited 100.00 19 HSBC Europe B.V. 100.00 19 HSBC Executor & Trustee Company (UK) Limited 100.00 19 HSBC Factoring (France) 100.00 (99.99) 4, 42 HSBC Finance (Brunei) Berhad 100.00 102 HSBC Finance (Netherlands) 100.00 2, 19 HSBC Finance Corporation 100.00 29 HSBC Finance Limited 100.00 19 HSBC Finance Mortgages Inc. 100.00 103 HSBC Finance Transformation (UK) Limited 100.00 2, 19 HSBC Financial Services (Lebanon) s.a.l. 99.60 104 HSBC Financial Services (Middle East) Limited (in liquidation) 100.00 105 HSBC Financial Services (Uruguay) S.A. (in liquidation) 100.00 106 HSBC France 99.99 4, 42 HSBC Fund Services (Korea) Limited 92.95 108 HSBC Funding (UK) Holdings (active proposal to strike off) 100.00 19 HSBC Germany Holdings GmbH 100.00 50 HSBC Global Asset Management (Bermuda) Limited 100.00 3, 23 HSBC Global Asset Management (Canada) Limited 100.00 79 HSBC Global Asset Management (Deutschland) GmbH 100.00 (80.67) 50 HSBC Global Asset Management (France) 100.00 (99.99) 4, 110 HSBC Global Asset Management (Hong Kong) Limited 100.00 25 HSBC Global Asset Management (International) Limited (in liquidation) 100.00 111 HSBC Global Asset Management (Japan) K. K. 100.00 112 HSBC Global Asset Management (Malta) Limited 100.00 (70.03) 113 Subsidiaries % of share class held by immediate parent company (or by the Group where this varies) Footnotes HSBC Global Asset Management (México), S.A. de C.V., Sociedad Operadora de Fondos de Inversión, Grupo Financiero HSBC 99.99 18 HSBC Global Asset Management (Oesterreich) GmbH 100.00 (80.67) 6, 114 HSBC Global Asset Management (Singapore) Limited 100.00 63 HSBC Global Asset Management (Switzerland) AG 100.00 (90.33) 4, 115 HSBC Global Asset Management (Taiwan) Limited 100.00 116 HSBC Global Asset Management (UK) Limited 100.00 19 HSBC Global Asset Management (USA) Inc. 100.00 117 HSBC Global Asset Management Holdings (Bahamas) Limited 100.00 118 HSBC Global Asset Management Limited 100.00 2, 19 HSBC Global Custody Nominee (UK) Limited 100.00 19 HSBC Global Custody Proprietary Nominee (UK) Limited 100.00 19 HSBC Global Services (Canada) Limited 100.00 3, 119 HSBC Global Services (China) Holdings Limited 100.00 19 HSBC Global Services (Hong Kong) Limited 100.00 68 HSBC Global Services (UK) Limited 100.00 19 HSBC Global Services Limited 100.00 2, 19 HSBC Global Shared Services (India) Private Limited (in liquidation) 100.00 (99.99) 65 HSBC Group Management Services Limited 100.00 19 HSBC Group Nominees UK Limited 100.00 1, 2, 19 HSBC Holdings B.V. 100.00 3, 19 HSBC IM Pension Trust Limited 100.00 1, 19 HSBC Infrastructure Limited 100.00 19 HSBC INKA Investment-AG TGV 100.00 (80.67) 14, 120 HSBC Inmobiliaria (Mexico), S.A. de C.V. 100.00 18 HSBC Institutional Trust Services (Asia) Limited 100.00 68 HSBC Institutional Trust Services (Bermuda) Limited 100.00 23 HSBC Institutional Trust Services (Ireland) DAC 100.00 (99.99) 121 HSBC Institutional Trust Services (Mauritius) Limited 100.00 122 HSBC Institutional Trust Services (Singapore) Limited 100.00 63 HSBC Insurance (Asia) Limited 100.00 124 HSBC Insurance (Asia-Pacific) Holdings Limited 100.00 5, 125 HSBC Insurance (Bermuda) Limited 100.00 23 HSBC Insurance (Singapore) Pte. Limited 100.00 63 HSBC Insurance Agency (USA) Inc. 100.00 117 HSBC Insurance Brokers (Philippines) Inc 100.00 (99.99) 127 HSBC Insurance Holdings Limited 100.00 2, 19 HSBC Insurance Management Services Limited (in liquidation) 100.00 128 HSBC Insurance Services (Lebanon) S.A.L. (in liquidation) 97.70 129 HSBC Insurance Services Holdings Limited 100.00 19 HSBC International Finance Corporation (Delaware) 100.00 130 HSBC International Holdings (Jersey) Limited (in liquidation) 100.00 85 HSBC International Limited (in liquidation) 100.00 85 HSBC International Nominees Limited (in liquidation) 100.00 1, 131 HSBC International Trustee (BVI) Limited 100.00 10, 132 HSBC International Trustee (Holdings) Pte. Limited 100.00 63 HSBC International Trustee Limited 100.00 131 HSBC Inversiones S.A. 99.99 70 HSBC Inversiones y Servicios Financieros Limitada (in liquidation) 100.00 (99.99) 70 HSBC InvestDirect (India) Limited 99.99 (99.54) 133 Subsidiaries % of share class held by immediate parent company (or by the Group where this varies) Footnotes HSBC InvestDirect Financial Services (India) Limited 100.00 (99.54) 133 HSBC InvestDirect Sales & Marketing (India) Limited 99.99 (98.54) 65 HSBC InvestDirect Securities (India) Private Limited 99.99 (99.61) 3, 133 HSBC Investment Bank Holdings B.V. 100.00 19 HSBC Investment Bank Holdings Limited 100.00 19 HSBC Investment Company (Egypt) S.A.E (in liquidation) 100.00 (94.54) 1, 134 HSBC Investment Funds (Canada) Inc. 100.00 5, 135 HSBC Investment Funds (Hong Kong) Limited 100.00 25 HSBC Investment Funds (Luxembourg) SA 100.00 136 HSBC Invoice Finance (UK) Limited 100.00 138 HSBC Iris Investments (Mauritius) Ltd (in liquidation) 100.00 139 HSBC Issuer Services Common Depositary Nominee (UK) Limited 100.00 19 HSBC Issuer Services Depositary Nominee (UK) Limited 100.00 19 HSBC Latin America B.V. 100.00 19 HSBC Latin America Holdings (UK) Limited 100.00 2, 19 HSBC Leasing (Asia) Limited 100.00 68 HSBC Leasing (France) 100.00 (99.99) 4, 41 HSBC Life (International) Limited 100.00 23 HSBC Life (Property) Limited 100.00 124 HSBC Life (UK) Limited 100.00 19 HSBC Life Assurance (Malta) Limited 100.00 (70.03) 113 HSBC Life Insurance Company Limited 50.00 140 HSBC Lodge Funding (UK) Holdings (active proposal to strike off) 100.00 19 HSBC LU Nominees Limited 100.00 19 HSBC Management (Guernsey) Limited 100.00 22 HSBC Markets (USA) Inc. 100.00 29 HSBC Marking Name Nominee (UK) Limited 100.00 19 HSBC Mexico, S.A., Institucion de Banca Multiple, Grupo Financiero HSBC 100.00 (99.99) 18 HSBC Middle East Finance Company Limited 80.00 141 HSBC Middle East Holdings B.V. 100.00 2, 3, 82 HSBC Middle East Leasing Partnership n/a 7, 142 HSBC Middle East Securities L.L.C 49.00 9, 143 HSBC Mortgage Corporation (Canada) 100.00 144 HSBC Mortgage Corporation (USA) 100.00 29 HSBC Nominees (Asing) Sdn Bhd 100.00 61 HSBC Nominees (Hong Kong) Limited 100.00 68 HSBC Nominees (New Zealand) Limited 100.00 145 HSBC Nominees (Tempatan) Sdn Bhd 100.00 61 HSBC North America Holdings Inc. 100.00 3, 29 HSBC Odeme Sistemleri Bilgisayar Teknolojileri Basin Yayin Ve Musteri Hizmetleri 99.99 146 HSBC Operational Services GmbH n/a 7, 147 HSBC Overseas Holdings (UK) Limited 100.00 2, 19 HSBC Overseas Investments Corporation (New York) 100.00 149 HSBC Overseas Nominee (UK) Limited 100.00 19 HSBC Participaciones (Argentina) S.A. 100.00 (99.99) 67 HSBC PB Corporate Services 1 Limited 100.00 150 HSBC PB Services (Suisse) SA 100.00 151 HSBC Pension Trust (Ireland) DAC 100.00 121 HSBC Pensiones, S.A. 99.99 152 HSBC PI Holdings (Mauritius) Limited 100.00 122 HSBC Portfoy Yonetimi A.S. 100.00 (99.98) 153 HSBC Preferential LP (UK) 100.00 19 HSBC Private Bank (C.I.) Limited 100.00 22 HSBC Private Bank (Luxembourg) S.A. 100.00 136 HSBC Private Bank (Monaco) SA 99.99 4, 155 HSBC Private Bank (Suisse) SA 100.00 151 HSBC Private Bank (UK) Limited 100.00 19 Subsidiaries % of share class held by immediate parent company (or by the Group where this varies) Footnotes HSBC Private Bank International 100.00 156 HSBC Private Banking Holdings (Suisse) SA 100.00 151 HSBC Private Banking Nominee 3 (Jersey) Limited 100.00 150 HSBC Private Equity Advisors LLC n/a 7, 29 HSBC Private Equity Investments (UK) Limited 100.00 19 HSBC Private Trustee (Hong Kong) Limited 100.00 68 HSBC Private Wealth Services (Canada) Inc. 100.00 3, 157 HSBC Professional Services (India) Private Limited 98.61 65 HSBC Property (UK) Limited 100.00 19 HSBC Property Funds (Holding) Limited 100.00 19 HSBC Provident Fund Trustee (Hong Kong) Limited 100.00 68 HSBC Qianhai Securities Limited 100.00 (51.00) 12, 158 HSBC Rail (UK) Limited (in liquidation) 100.00 19 HSBC Real Estate Leasing (France) 99.00 4, 46 HSBC Realty Credit Corporation (USA) 100.00 3, 29 HSBC REIM (France) 100.00 (99.99) 4, 46 HSBC Representative Office (Nigeria) Limited 100.00 159 HSBC Retirement Benefits Trustee (UK) Limited 100.00 1, 2, 19 HSBC Retirement Services Limited 100.00 1, 19 HSBC Savings Bank (Philippines) Inc. 99.99 161 HSBC Securities (Asia) Limited 100.00 68 HSBC Securities (Canada) Inc. 100.00 119 HSBC Securities (Egypt) S.A.E. 100.00 (94.54) 80 HSBC Securities (Japan) Limited 100.00 19 HSBC Securities (Philippines) Inc. 99.99 1, 162 HSBC Securities (Singapore) Pte Limited 100.00 63 HSBC Securities (South Africa) (Pty) Limited 100.00 163 HSBC Securities (Taiwan) Corporation Limited 100.00 164 HSBC Securities (USA) Inc. 100.00 29 HSBC Securities and Capital Markets (India) Private Limited 99.99 5, 65 HSBC Securities Asia International Nominees Limited 100.00 165 HSBC Securities Asia Nominees Limited 100.00 68 HSBC Securities Brokers (Asia) Limited 100.00 68 HSBC Securities Investments (Asia) Limited 100.00 68 HSBC Securities Services (Bermuda) Limited 100.00 23 HSBC Securities Services (Guernsey) Limited 100.00 22 HSBC Securities Services (Ireland) DAC 100.00 121 HSBC Securities Services (Luxembourg) S.A. 100.00 136 HSBC Securities Services Holding Limited 100.00 131 HSBC Securities Services Holdings (Ireland) DAC 100.00 121 HSBC Seguros de Retiro (Argentina) S.A. 100.00 (99.99) 67 HSBC Seguros de Vida (Argentina) S.A. 100.00 (99.99) 67 HSBC Seguros, S.A de C.V., Grupo Financiero HSBC 99.99 3, 152 HSBC Service Delivery (Polska) Sp. z o.o. 100.00 167 HSBC Services (France) 99.99 4, 42 HSBC Services Japan Limited 100.00 168 HSBC Services USA Inc. 100.00 169 HSBC Servicios Financieros, S.A. de C.V 99.99 18 HSBC Servicios, S.A. DE C.V., Grupo Financiero HSBC 99.99 18 HSBC SFH (France) 99.99 4, 46 HSBC Software Development (Canada) Inc 100.00 170 HSBC Software Development (Guangdong) Limited 100.00 12, 171 HSBC Software Development (India) Private Limited 100.00 172 HSBC Software Development (Malaysia) Sdn Bhd 100.00 97 HSBC Specialist Investments Limited 100.00 5, 19 HSBC Stockbrokers Nominee (UK) Limited 100.00 19 HSBC Technology & Services (China) Limited 100.00 12, 173 Subsidiaries % of share class held by immediate parent company (or by the Group where this varies) Footnotes HSBC Technology & Services (USA) Inc. 100.00 29 HSBC Transaction Services GmbH 100.00 (80.67) 6, 174 HSBC Trinkaus & Burkhardt (International) S.A. 100.00 (80.67) 136 HSBC Trinkaus & Burkhardt AG 80.67 14, 50 HSBC Trinkaus & Burkhardt Gesellschaft fur Bankbeteiligungen mbH 100.00 (80.67) 50 HSBC Trinkaus Europa Immobilien-Fonds Nr. 5 GmbH 100.00 (80.67) 50 HSBC Trinkaus Family Office GmbH 100.00 (80.67) 6, 50 HSBC Trinkaus Immobilien Beteiligungs KG 100.00 (80.67) 50 HSBC Trinkaus Real Estate GmbH 100.00 (80.67) 6, 50 HSBC Trust Company (Canada) 100.00 144 HSBC Trust Company (Delaware), National Association 100.00 175 HSBC Trust Company (UK) Limited 100.00 19 HSBC Trust Company AG 100.00 37 HSBC Trustee (C.I.) Limited 100.00 150 HSBC Trustee (Cayman) Limited 100.00 176 HSBC Trustee (Guernsey) Limited 100.00 22 HSBC Trustee (Hong Kong) Limited 100.00 68 HSBC Trustee (Mauritius) Limited (in liquidation) 100.00 177 HSBC Trustee (Singapore) Limited 100.00 63 HSBC UK Bank plc 100.00 178 HSBC UK Client Nominee Limited 100.00 19 HSBC UK Holdings Limited 100.00 2, 19 HSBC USA Inc. 100.00 3, 149 HSBC Violet Investments (Mauritius) Limited 100.00 94 HSBC Wealth Client Nominee Limited 100.00 19 HSBC Yatirim Menkul Degerler A.S. 99.98 153 HSI Asset Securitization Corporation 100.00 29 HSI International Limited 100.00 (62.14) 48 HSIL Investments Limited 100.00 19 Hubei Macheng HSBC Rural Bank Company Limited 100.00 12, 182 Hubei Suizhou Cengdu HSBC Rural Bank Company Limited 100.00 12, 183 Hubei Tianmen HSBC Rural Bank Company Limited 100.00 12, 184 Hunan Pingjiang HSBC Rural Bank Company Limited 100.00 12, 185 Imenson Limited 100.00 (62.14) 48 InfraRed NF China Real Estate Investments LP n/a 7, 53 INKA Internationale Kapitalanlagegesellschaft mbH 100.00 (80.67) 174 Inmobiliaria Banci, S.A. de C.V. 100.00 (98.91) 18 Inmobiliaria Bisa, S.A. de C.V. 100.00 (99.99) 18 Inmobiliaria Grufin, S.A. de C.V. 100.00 (99.99) 18 Inmobiliaria Guatusi, S.A. de C.V. 100.00 (99.99) 18 IRERE Property Investments (French Offices) Sarl (in liquidation) 100.00 186 James Capel & Co. Limited 100.00 19 James Capel (Channel Islands) Nominees Limited (in liquidation) 100.00 111 James Capel (Nominees) Limited 100.00 19 James Capel (Second Nominees) Limited (in liquidation) 100.00 36 James Capel (Taiwan) Nominees Limited 100.00 19 Jasmine22 Limited 100.00 187 John Lewis Financial Services Limited 100.00 19 Keyser Ullmann Limited 100.00 (99.99) 19 Kings Meadow Nominees Limited (in liquidation) 100.00 188 Legend Estates Limited (in liquidation) 100.00 19 Lion Corporate Services Limited 100.00 68 Lion International Corporate Services Limited 100.00 131 Lion International Management Limited 100.00 131 Lion Management (Hong Kong) Limited 100.00 68 Subsidiaries % of share class held by immediate parent company (or by the Group where this varies) Footnotes Lyndholme Limited 100.00 68 Marks and Spencer Financial Services plc 100.00 188 Marks and Spencer Retail Financial Services Holdings Limited (in liquidation) 100.00 188 Marks and Spencer Savings and Investments Limited 100.00 188 Marks and Spencer Unit Trust Management Limited 100.00 188 Maxima S.A. AFJP (in liquidation) 100.00 (99.98) 67 Mercantile Company Limited 100.00 19 Mexicana de Fomento, S.A. de C.V. 99.90 18 Midcorp Limited 100.00 19 Midland Bank (Branch Nominees) Limited 100.00 19 Midland Nominees Limited 100.00 19 MIL (Cayman) Limited 100.00 193 MIL (Jersey) Limited 100.00 150 MW Gestion SA 100.00 67 Promocion en Bienes Raices, S.A. de C.V. 99.99 (0.99) 3, 18 Prudential Client HSBC GIS Nominee (UK) Limited 100.00 19 PT Bank HSBC Indonesia 100.00 (98.93) 195 PT HSBC Sekuritas Indonesia 100.00 (85.00) 196 R/CLIP Corp. 100.00 29 Real Estate Collateral Management Company 100.00 29 Republic Nominees Limited 100.00 22 Republic Overseas Capital Corporation 100.00 117 RLUKREF Nominees (UK) One Limited 100.00 19 RLUKREF Nominees (UK) Two Limited 100.00 19 S.A.P.C. - Ufipro Recouvrement 99.97 11, 41 Saf Baiyun 100.00 (99.99) 4, 43 Saf Chang Jiang 100.00 (99.99) 4, 43 Saf Guangzhou 100.00 (99.99) 4, 43 Saf Zhu Jiang 100.00 (99.99) 4, 43 Saf Zhu Jiang Jiu 100.00 (99.99) 4, 43 Saf Zhu Jiang Shi Ba 100.00 (99.99) 4, 43 Saf Zhu Jiang Shi Er 100.00 (99.99) 4, 43 Saf Zhu Jiang Shi Jiu 100.00 (99.99) 4, 43 Saf Zhu Jiang Shi Liu 100.00 (99.99) 4, 43 Saf Zhu Jiang Shi Qi 100.00 (99.99) 4, 43 Saf Zhu Jiang Shi Wu 100.00 (99.99) 4, 43 SAS Bosquet -Audrain 100.00 (94.90) 4, 199 SAS Cyatheas Pasteur 100.00 (94.93) 4, 41 SAS Orona 100.00 (94.92) 1, 4, 200 SCI HSBC Assurances Immo 100.00 (99.99) 11, 46 SFM 99.99 4, 42 SFSS Nominees (Pty) Limited 100.00 163 Shandong Rongcheng HSBC Rural Bank Company Limited 100.00 12, 201 Sico Limited 100.00 202 SNC Dorique 100.00 (99.99) 1, 11, 203 SNC Kerouan 100.00 (99.99) 11, 43 SNC Les Mercuriales 100.00 (99.99) 1, 11, 43 SNC Les Oliviers D'Antibes 60.00 11, 46 SNC Makala 100.00 (99.99) 1, 11, 43 SNC Nuku-Hiva Bail 100.00 (99.99) 1, 11, 43 SNCB/M6 - 2008 A 100.00 (99.99) 1, 4, 43 SNCB/M6-2007 A 100.00 (99.99) 1, 4, 43 SNCB/M6-2007 B 100.00 (99.99) 1, 4, 43 Societe CCF Finance Moyen-Orient S.A.L. (in liquidation) 99.64 (99.08) 1, 32 Société Française et Suisse 100.00 (99.99) 4, 43 Societe Immobiliere Atlas S.A. (in liquidation) 100.00 151 Somers Dublin DAC 100.00 (99.99) 121 Somers Nominees (Far East) Limited 100.00 23 Sopingest 100.00 (99.99) 4, 43 South Yorkshire Light Rail Limited 100.00 19 St Cross Trustees Limited 100.00 19 Subsidiaries % of share class held by immediate parent company (or by the Group where this varies) Footnotes Sun Hung Kai Development (Lujiazui III) Limited 100.00 12, 206 Swan National Leasing (Commercials) Limited 100.00 19 Swan National Limited 100.00 19 Thasosfin 100.00 (99.99) 4, 46 The Hongkong and Shanghai Banking Corporation Limited 100.00 68 The Venture Catalysts Limited 100.00 19 Timberlink Settlement Services (USA) Inc. 100.00 29 Tooley Street View Limited 100.00 1, 2, 19 Tower Investment Management 100.00 207 Trinkaus Australien Immobilien Fonds Nr. 1 Brisbane GmbH & Co. KG 100.00 (80.67) 50 Trinkaus Australien Immobilien-Fonds Nr. 1 Treuhand-GmbH 100.00 (80.67) 6, 50 Trinkaus Europa Immobilien-Fonds Nr.3 Objekt Utrecht Verwaltungs-GmbH 100.00 (80.67) 50 Trinkaus Immobilien-Fonds Geschaeftsfuehrungs-GmbH 100.00 (80.67) 6, 50 Trinkaus Immobilien-Fonds Verwaltungs-GmbH 100.00 (80.67) 6, 50 Trinkaus Private Equity Management GmbH 100.00 (80.67) 50 Trinkaus Private Equity Verwaltungs GmbH 100.00 (80.67) 6, 50 Tropical Nominees Limited 100.00 193 Turnsonic (Nominees) Limited 100.00 19 Vadep Holding AG (in liquidation) 100.00 209 Valeurs Mobilières Elysées 100.00 (99.99) 4, 52 Wardley Limited 100.00 68 Wayfoong Credit Limited (in liquidation) 100.00 68 Wayfoong Finance Limited (in liquidation) 100.00 68 Wayfoong Nominees Limited 100.00 68 Wayhong (Bahamas) Limited 100.00 118 Westminster House, LLC n/a 7, 29 Woodex Limited 100.00 23 Yan Nin Development Company Limited 100.00 (62.14) 48 |
Structured entities (Tables)
Structured entities (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Interests In Other Entities [Abstract] | |
Disclosure of total assets of consolidated structured entities | Total assets of HSBC’s consolidated structured entities, split by entity type Conduits Securitisations HSBC Other Total $bn $bn $bn $bn $bn At 31 Dec 2018 9.2 5.7 6.5 4.4 25.8 At 31 Dec 2017 12.9 4.8 7.0 3.2 27.9 |
Disclosure of information about unconsolidated structured entities | Nature and risks associated with HSBC interests in unconsolidated structured entities Securitisations HSBC managed funds Non-HSBC managed funds Other Total Total asset values of the entities ($m) 0–500 76 243 906 79 1,304 500–2,000 10 56 570 5 641 2,000–5,000 1 17 230 — 248 5,000–25,000 — 5 90 1 96 25,000+ — 2 10 — 12 Number of entities at 31 Dec 2018 87 323 1,806 85 2,301 $bn $bn $bn $bn $bn Total assets in relation to HSBC’s interests in the unconsolidated structured entities 3.8 8.3 8.9 4.7 25.7 – trading assets — 0.1 0.3 1.3 1.7 – financial assets designated and otherwise mandatorily measured at fair value — 7.3 7.9 — 15.2 – loans and advances to customers 3.8 — 0.3 2.7 6.8 – financial investments — 0.9 0.4 0.3 1.6 – other assets — — — 0.4 0.4 Total liabilities in relation to HSBC’s interests in the unconsolidated structured entities — — — 0.2 0.2 – other liabilities — — — 0.2 0.2 Other off-balance sheet commitments 0.8 0.1 3.3 1.0 5.2 HSBC’s maximum exposure at 31 Dec 2018 4.6 8.4 12.2 5.5 30.7 Total asset values of the entities ($m) 0–500 78 321 930 210 1,539 500–2,000 6 56 578 3 643 2,000–5,000 — 17 235 — 252 5,000–25,000 2 10 104 1 117 25,000+ — 2 11 — 13 Number of entities at 31 Dec 2017 86 406 1,858 214 2,564 $bn $bn $bn $bn $bn Total assets in relation to HSBC’s interests in the unconsolidated structured entities 4.0 9.1 9.3 4.1 26.5 – trading assets — 0.2 0.2 2.4 2.8 – financial assets designated at fair value — 8.0 8.3 — 16.3 – loans and advances to banks — — — 0.1 0.1 – loans and advances to customers 4.0 — — 1.1 5.1 – financial investments — 0.9 0.8 0.1 1.8 – other assets — — — 0.4 0.4 Total liabilities in relation to HSBC’s interests in the unconsolidated structured entities — — — 0.3 0.3 – other liabilities — — — 0.3 0.3 Other off-balance sheet commitments — 0.1 2.2 0.3 2.6 HSBC’s maximum exposure at 31 Dec 2017 4.0 9.2 11.5 4.4 29.1 |
Goodwill and intangible assets
Goodwill and intangible assets (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Intangible Assets [Abstract] | |
Disclosure of components of goodwill and intangible assets | 2018 2017 Footnotes $m $m Goodwill 12,986 13,588 Present value of in-force long-term insurance business 7,149 6,610 Other intangible assets 1 4,222 3,255 At 31 Dec 2 24,357 23,453 1 Included within other intangible assets is internally generated software with a net carrying value of $ 3,632m (2017: $ 2,641m ). During the year, capitalisation of internally generated software was $ 1,781m (2017: $ 1,157 m) and amortisation was $ 687m (2017: $ 570 m). 2 Information regarding the effects of adoption of IFRS 9 can be found in Note 37. |
Disclosure of reconciliation of changes in intangible assets and goodwill | Movement analysis of goodwill 2018 2017 $m $m Gross amount At 1 Jan 22,902 21,445 Exchange differences (617 ) 1,490 Other (105 ) (33 ) At 31 Dec 22,180 22,902 Accumulated impairment losses At 1 Jan (9,314 ) (9,115 ) Exchange differences 120 (327 ) Other — 128 At 31 Dec (9,194 ) (9,314 ) Net carrying amount at 31 Dec 12,986 13,588 Movements in PVIF 2018 2017 Footnotes $m $m As at 31 Dec 2017 6,610 6,502 Impact on transition to IFRS 9 (78 ) N/A At 1 Jan 6,532 6,502 Change in PVIF of long-term insurance business 673 24 – value of new business written during the year 1,117 919 – expected return 1 (719 ) (599 ) – assumption changes and experience variances (see below) 292 (280 ) – other adjustments (17 ) (16 ) Exchange differences and other movements (56 ) 84 At 31 Dec 7,149 6,610 1 ‘Expected return’ represents the unwinding of the discount rate and reversal of expected cash flows for the period. |
Disclosure of key assumption in value in use calculation | Key assumptions in VIU calculation Goodwill at Discount Nominal growth rate beyond initial cash flow projections Goodwill at Discount rate Nominal growth rate beyond initial cash flow projections $m % % $m % % Cash-generating unit Europe RBWM 3,565 8.1 3.8 3,508 8.9 3.7 CMB 2,626 9.4 3.7 2,570 9.9 3.6 Global GB&M 4,045 9.8 5.6 4,000 10.6 5.8 |
Disclosure of assumptions for long-duration contracts | 2018 2017 Hong Kong France 1 Hong Kong France 1 % % % % Weighted average risk-free rate 2.29 1.52 2.02 1.50 Weighted average risk discount rate 5.90 2.35 6.20 2.20 Expense inflation 3.00 1.70 3.00 1.48 1 For 2018, the calculation of France’s PVIF assumes a risk discount rate of 2.35% (2017: 2.20% ) plus a risk margin of $109m (2017: $80m ). |
Prepayments, accrued income a_2
Prepayments, accrued income and other assets (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Subclassifications of assets, liabilities and equities [abstract] | |
Disclosure of detailed information about prepayments, accrued income and other assets | 2018 2017 Footnotes $m $m Prepayments and accrued income 8,715 7,929 Settlement accounts 1, 2 13,957 N/A Cash collateral and margin receivables 1, 2 33,202 N/A Assets held for sale 735 781 Bullion 13,753 13,128 Endorsements and acceptances 9,623 9,750 Reinsurers’ share of liabilities under insurance contracts (Note 4) 2,506 2,471 Employee benefit assets (Note 6) 7,934 8,752 Property, plant and equipment 10,060 10,027 Other accounts 10,086 14,353 At 31 Dec 110,571 67,191 1 Settlement accounts, cash collateral and margin receivables were reclassified from ‘Trading assets’ to ‘Other assets’ on 1 January 2018 and comparative data was not restated. This reclassification was in accordance with IFRS 9. See Note 37 for further details. 2 Settlement accounts, cash collateral and margin receivables were reclassified from ‘Loans and advances to banks and customers’ to ‘Other assets’ on 1 January 2018. This reclassification is to better reflect the nature of these balances and ensure consistency of presentation. Comparative data was not restated as the reclassification is not significant in the context of other changes to the balance sheet resulting from the adoption of IFRS 9. See Note 37 for further details. |
Trading liabilities (Tables)
Trading liabilities (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Financial Instruments [Abstract] | |
Disclosure of trading liabilities | 2018 2017 Footnotes $m $m Deposits by banks 1, 2 4,871 23,297 Customer accounts 1, 2, 3 8,614 52,595 Other debt securities in issue (Note 25) 4 1,400 40,734 Other liabilities – net short positions in securities 69,546 67,735 At 31 Dec 84,431 184,361 1 ‘Deposits by banks’ and ‘Customer accounts’ include repos, stock lending and other amounts. 2 Settlement accounts, cash collateral and margin payables included within ‘Deposits by banks’ and ‘Customer accounts’ were reclassified from ‘Trading liabilities’ to ‘Other liabilities’ on 1 January 2018. This reclassification is to better reflect the nature of these balances and ensure consistency of presentation. Structured liabilities have moved from ‘Trading liabilities’ to ‘Financial liabilities designated at fair value’. Comparative data was not restated as the reclassification is not significant in the context of other changes to the balance sheet resulting from the adoption of IFRS 9. See Note 37 for further details. 3 Structured deposits placed at HSBC Bank USA and HSBC Trust Company (Delaware) National Association are insured by the Federal Deposit Insurance Corporation, a US government agency, up to $250,000 per depositor. 4 ‘Other debt securities in issue’ comprises structured notes issued by HSBC for which market risks are actively managed as part of trading portfolios. HSBC 2018 2017 Footnotes $m $m Deposits by banks and customer accounts 1 19,003 145 Liabilities to customers under investment contracts 5,458 5,635 Debt securities in issue (Note 25) 1 109,351 64,359 Subordinated liabilities (Note 28) 14,282 23,831 Preferred securities (Note 28) 411 459 At 31 Dec 148,505 94,429 1 Structured liabilities have moved from ‘Trading liabilities’ to ‘Financial liabilities designated at fair value’. Comparatives have not been restated. See Note 37 for further detail. HSBC Holdings 2018 2017 $m $m Debt securities in issue (Note 25) 17,767 17,496 Subordinated liabilities (Note 28) 7,282 13,394 At 31 Dec 25,049 30,890 HSBC’s subordinated liabilities 2018 2017 $m $m At amortised cost 22,437 19,826 – subordinated liabilities 20,651 17,988 – preferred securities 1,786 1,838 Designated at fair value (Note 24) 14,693 24,290 – subordinated liabilities 14,282 23,831 – preferred securities 411 459 At 31 Dec 37,130 44,116 Issued by HSBC subsidiaries 13,168 15,470 Issued by HSBC Holdings 23,962 28,646 HSBC’s subordinated liabilities in issue 2018 2017 Footnotes First call date Maturity date $m $m Additional tier 1 capital securities guaranteed by HSBC Holdings plc 1 $900m 10.176% non-cumulative step-up perpetual preferred securities, series 2 Jun 2030 892 892 892 892 Additional tier 1 capital securities guaranteed by HSBC Bank plc 1 £300m 5.862% non-cumulative step-up perpetual preferred securities Apr 2020 411 459 £700m 5.844% non-cumulative step-up perpetual preferred securities Nov 2031 894 946 1,305 1,405 Tier 2 securities issued by HSBC Bank plc $750m Undated floating rate primary capital notes Jun 1990 750 750 $500m Undated floating rate primary capital notes Sep 1990 500 500 $300m Undated floating rate primary capital notes, series 3 Jun 1992 300 300 $300m 7.65% subordinated notes — May 2025 300 375 1,850 1,925 £350m 5.00% callable subordinated notes 2 Mar 2018 Mar 2023 — 496 £300m 6.50% subordinated notes — Jul 2023 382 405 £350m 5.375% callable subordinated step-up notes 3 Nov 2025 Nov 2030 513 584 £500m 5.375% subordinated notes — Aug 2033 757 912 £225m 6.25% subordinated notes — Jan 2041 286 303 £600m 4.75% subordinated notes — Mar 2046 758 802 4,546 5,427 Tier 2 securities issued by The Hongkong and Shanghai Banking Corporation Ltd $400m Primary capital undated floating rate notes (third series) Jul 1991 400 400 400 400 Tier 2 securities issued by HSBC Bank Malaysia Berhad MYR500m 5.05% subordinated bonds Nov 2022 Nov 2027 121 123 121 123 Tier 2 securities issued by HSBC USA Inc. $750m 5.00% subordinated notes — Sep 2020 747 748 $250m 7.20% subordinated debentures — Jul 2097 221 221 Other subordinated liabilities each less than $150m 4 269 277 1,237 1,246 Tier 2 securities issued by HSBC Bank USA, N.A. $1,250m 4.875% subordinated notes — Aug 2020 1,226 1,236 $1,000m 5.875% subordinated notes — Nov 2034 1,106 1,272 $750m 5.625% subordinated notes — Aug 2035 829 955 $700m 7.00% subordinated notes — Jan 2039 697 700 3,858 4,163 Tier 2 securities issued by HSBC Finance Corporation $2,939m 6.676% senior subordinated notes 5 — Jan 2021 507 1,092 Tier 2 securities issued by HSBC Bank Canada Other subordinated liabilities each less than $150m Oct 1996 Nov 2083 29 31 29 31 Securities issued by HSBC Mexico, S.A. $300m Non-convertible subordinated obligations 6, 7 Jun 2014 Jun 2019 — 240 Other subordinated liability less than $150m 2, 6 — 115 — 355 Securities issued by other HSBC subsidiaries Other subordinated liabilities each less than $200m 4 273 336 Subordinated liabilities issued by HSBC subsidiaries at 31 Dec 8 13,168 15,470 1 See paragraph below, ‘Guaranteed by HSBC Holdings or HSBC Bank plc’. 2 These securities were redeemed in the first quarter of 2018. 3 The interest rate payable after November 2025 is the sum of the three-month sterling Libor plus 1.50% percentage points. 4 Some securities included here are ineligible for inclusion in the capital base of HSBC. 5 HSBC tendered for these securities in 2017. In January 2018, a further tender was conducted. The principal balance is now $507m . The original notional of these securities is $2,939m . 6 These securities are ineligible for inclusion in the capital base of HSBC. 7 Approximately $60m of these securities were held by HSBC Holdings. 8 Information regarding the effects of adoption of IFRS 9 can be found in Note 37. HSBC Holdings’ subordinated liabilities 2018 2017 $m $m At amortised cost 17,715 15,877 Designated at fair value (Note 24) 7,282 13,394 At 31 Dec 24,997 29,271 HSBC Holdings’ subordinated liabilities in issue First call Maturity 2018 2017 Footnotes date date $m $m Tier 2 securities issued by HSBC Holdings plc Amounts owed to third parties $2,000m 4.25% subordinated notes 2,3 — Mar 2024 2,001 2,038 $1,500m 4.25% subordinated notes 2 — Aug 2025 1,494 1,586 $1,500m 4.375% subordinated notes 2 — Nov 2026 1,470 1,580 $488m 7.625% subordinated notes 1 — May 2032 549 553 $222m 7.35% subordinated notes 1 — Nov 2032 246 248 $2,000m 6.5% subordinated notes 1 — May 2036 2,040 2,042 $2,500m 6.5% subordinated notes 1 — Sep 2037 2,419 3,365 $1,500m 6.8% subordinated notes 1 — Jun 2038 1,489 1,489 $1,500m 5.25% subordinated notes 2,3 — Mar 2044 1,661 1,755 £650m 5.75% subordinated notes 2 — Dec 2027 960 1,114 £650m 6.75% subordinated notes 2 — Sep 2028 826 873 £750m 7.0% subordinated notes 2 — Apr 2038 992 1,043 £900m 6.0% subordinated notes 2 — Mar 2040 1,156 1,199 €1,600m 6.25% subordinated notes 2 — Mar 2018 — 1,918 €1,750m 6.0% subordinated notes 2 — Jun 2019 2,125 2,349 €1,500m 3.375% subordinated notes 2,3 Jan 2019 Jan 2024 1,719 1,827 €1,500m 3.0% subordinated notes 2 — Jun 2025 1,725 2,037 €1,000m 3.125% subordinated notes 2 — Jun 2028 1,233 1,363 24,105 28,379 Amounts owed to HSBC undertakings $900m 10.176% subordinated step-up cumulative notes Jun 2030 Jun 2040 892 892 892 892 At 31 Dec 24,997 29,271 1 Amounts owed to third parties represent securities included in the capital base of HSBC as tier 2 securities in accordance with the grandfathering provisions under CRD IV rules. 2 These securities are included in the capital base of HSBC as fully CRD IV-compliant tier 2 securities on an end point basis. 3 These subordinated notes are measured at amortised cost in HSBC Holdings, where the interest rate risk is hedged using a fair value hedge, while they are measured at fair value in the Group. |
Financial liabilties designat_2
Financial liabilties designated at fair value (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Financial Instruments [Abstract] | |
Disclosure of financial liabilities measured at fair value | 2018 2017 Footnotes $m $m Deposits by banks 1, 2 4,871 23,297 Customer accounts 1, 2, 3 8,614 52,595 Other debt securities in issue (Note 25) 4 1,400 40,734 Other liabilities – net short positions in securities 69,546 67,735 At 31 Dec 84,431 184,361 1 ‘Deposits by banks’ and ‘Customer accounts’ include repos, stock lending and other amounts. 2 Settlement accounts, cash collateral and margin payables included within ‘Deposits by banks’ and ‘Customer accounts’ were reclassified from ‘Trading liabilities’ to ‘Other liabilities’ on 1 January 2018. This reclassification is to better reflect the nature of these balances and ensure consistency of presentation. Structured liabilities have moved from ‘Trading liabilities’ to ‘Financial liabilities designated at fair value’. Comparative data was not restated as the reclassification is not significant in the context of other changes to the balance sheet resulting from the adoption of IFRS 9. See Note 37 for further details. 3 Structured deposits placed at HSBC Bank USA and HSBC Trust Company (Delaware) National Association are insured by the Federal Deposit Insurance Corporation, a US government agency, up to $250,000 per depositor. 4 ‘Other debt securities in issue’ comprises structured notes issued by HSBC for which market risks are actively managed as part of trading portfolios. HSBC 2018 2017 Footnotes $m $m Deposits by banks and customer accounts 1 19,003 145 Liabilities to customers under investment contracts 5,458 5,635 Debt securities in issue (Note 25) 1 109,351 64,359 Subordinated liabilities (Note 28) 14,282 23,831 Preferred securities (Note 28) 411 459 At 31 Dec 148,505 94,429 1 Structured liabilities have moved from ‘Trading liabilities’ to ‘Financial liabilities designated at fair value’. Comparatives have not been restated. See Note 37 for further detail. HSBC Holdings 2018 2017 $m $m Debt securities in issue (Note 25) 17,767 17,496 Subordinated liabilities (Note 28) 7,282 13,394 At 31 Dec 25,049 30,890 HSBC’s subordinated liabilities 2018 2017 $m $m At amortised cost 22,437 19,826 – subordinated liabilities 20,651 17,988 – preferred securities 1,786 1,838 Designated at fair value (Note 24) 14,693 24,290 – subordinated liabilities 14,282 23,831 – preferred securities 411 459 At 31 Dec 37,130 44,116 Issued by HSBC subsidiaries 13,168 15,470 Issued by HSBC Holdings 23,962 28,646 HSBC’s subordinated liabilities in issue 2018 2017 Footnotes First call date Maturity date $m $m Additional tier 1 capital securities guaranteed by HSBC Holdings plc 1 $900m 10.176% non-cumulative step-up perpetual preferred securities, series 2 Jun 2030 892 892 892 892 Additional tier 1 capital securities guaranteed by HSBC Bank plc 1 £300m 5.862% non-cumulative step-up perpetual preferred securities Apr 2020 411 459 £700m 5.844% non-cumulative step-up perpetual preferred securities Nov 2031 894 946 1,305 1,405 Tier 2 securities issued by HSBC Bank plc $750m Undated floating rate primary capital notes Jun 1990 750 750 $500m Undated floating rate primary capital notes Sep 1990 500 500 $300m Undated floating rate primary capital notes, series 3 Jun 1992 300 300 $300m 7.65% subordinated notes — May 2025 300 375 1,850 1,925 £350m 5.00% callable subordinated notes 2 Mar 2018 Mar 2023 — 496 £300m 6.50% subordinated notes — Jul 2023 382 405 £350m 5.375% callable subordinated step-up notes 3 Nov 2025 Nov 2030 513 584 £500m 5.375% subordinated notes — Aug 2033 757 912 £225m 6.25% subordinated notes — Jan 2041 286 303 £600m 4.75% subordinated notes — Mar 2046 758 802 4,546 5,427 Tier 2 securities issued by The Hongkong and Shanghai Banking Corporation Ltd $400m Primary capital undated floating rate notes (third series) Jul 1991 400 400 400 400 Tier 2 securities issued by HSBC Bank Malaysia Berhad MYR500m 5.05% subordinated bonds Nov 2022 Nov 2027 121 123 121 123 Tier 2 securities issued by HSBC USA Inc. $750m 5.00% subordinated notes — Sep 2020 747 748 $250m 7.20% subordinated debentures — Jul 2097 221 221 Other subordinated liabilities each less than $150m 4 269 277 1,237 1,246 Tier 2 securities issued by HSBC Bank USA, N.A. $1,250m 4.875% subordinated notes — Aug 2020 1,226 1,236 $1,000m 5.875% subordinated notes — Nov 2034 1,106 1,272 $750m 5.625% subordinated notes — Aug 2035 829 955 $700m 7.00% subordinated notes — Jan 2039 697 700 3,858 4,163 Tier 2 securities issued by HSBC Finance Corporation $2,939m 6.676% senior subordinated notes 5 — Jan 2021 507 1,092 Tier 2 securities issued by HSBC Bank Canada Other subordinated liabilities each less than $150m Oct 1996 Nov 2083 29 31 29 31 Securities issued by HSBC Mexico, S.A. $300m Non-convertible subordinated obligations 6, 7 Jun 2014 Jun 2019 — 240 Other subordinated liability less than $150m 2, 6 — 115 — 355 Securities issued by other HSBC subsidiaries Other subordinated liabilities each less than $200m 4 273 336 Subordinated liabilities issued by HSBC subsidiaries at 31 Dec 8 13,168 15,470 1 See paragraph below, ‘Guaranteed by HSBC Holdings or HSBC Bank plc’. 2 These securities were redeemed in the first quarter of 2018. 3 The interest rate payable after November 2025 is the sum of the three-month sterling Libor plus 1.50% percentage points. 4 Some securities included here are ineligible for inclusion in the capital base of HSBC. 5 HSBC tendered for these securities in 2017. In January 2018, a further tender was conducted. The principal balance is now $507m . The original notional of these securities is $2,939m . 6 These securities are ineligible for inclusion in the capital base of HSBC. 7 Approximately $60m of these securities were held by HSBC Holdings. 8 Information regarding the effects of adoption of IFRS 9 can be found in Note 37. HSBC Holdings’ subordinated liabilities 2018 2017 $m $m At amortised cost 17,715 15,877 Designated at fair value (Note 24) 7,282 13,394 At 31 Dec 24,997 29,271 HSBC Holdings’ subordinated liabilities in issue First call Maturity 2018 2017 Footnotes date date $m $m Tier 2 securities issued by HSBC Holdings plc Amounts owed to third parties $2,000m 4.25% subordinated notes 2,3 — Mar 2024 2,001 2,038 $1,500m 4.25% subordinated notes 2 — Aug 2025 1,494 1,586 $1,500m 4.375% subordinated notes 2 — Nov 2026 1,470 1,580 $488m 7.625% subordinated notes 1 — May 2032 549 553 $222m 7.35% subordinated notes 1 — Nov 2032 246 248 $2,000m 6.5% subordinated notes 1 — May 2036 2,040 2,042 $2,500m 6.5% subordinated notes 1 — Sep 2037 2,419 3,365 $1,500m 6.8% subordinated notes 1 — Jun 2038 1,489 1,489 $1,500m 5.25% subordinated notes 2,3 — Mar 2044 1,661 1,755 £650m 5.75% subordinated notes 2 — Dec 2027 960 1,114 £650m 6.75% subordinated notes 2 — Sep 2028 826 873 £750m 7.0% subordinated notes 2 — Apr 2038 992 1,043 £900m 6.0% subordinated notes 2 — Mar 2040 1,156 1,199 €1,600m 6.25% subordinated notes 2 — Mar 2018 — 1,918 €1,750m 6.0% subordinated notes 2 — Jun 2019 2,125 2,349 €1,500m 3.375% subordinated notes 2,3 Jan 2019 Jan 2024 1,719 1,827 €1,500m 3.0% subordinated notes 2 — Jun 2025 1,725 2,037 €1,000m 3.125% subordinated notes 2 — Jun 2028 1,233 1,363 24,105 28,379 Amounts owed to HSBC undertakings $900m 10.176% subordinated step-up cumulative notes Jun 2030 Jun 2040 892 892 892 892 At 31 Dec 24,997 29,271 1 Amounts owed to third parties represent securities included in the capital base of HSBC as tier 2 securities in accordance with the grandfathering provisions under CRD IV rules. 2 These securities are included in the capital base of HSBC as fully CRD IV-compliant tier 2 securities on an end point basis. 3 These subordinated notes are measured at amortised cost in HSBC Holdings, where the interest rate risk is hedged using a fair value hedge, while they are measured at fair value in the Group. |
Debt securities in issue (Table
Debt securities in issue (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Disclosure Of Debt Securities In Issue [Abstract] | |
Debt securities in issue | HSBC 2018 2017 Footnotes $m $m Bonds and medium-term notes 162,277 146,539 Other debt securities in issue 33,816 23,100 Total debt securities in issue 196,093 169,639 Included within: – trading liabilities (Note 23) 1 (1,400 ) (40,734 ) – financial liabilities designated at fair value (Note 24) 1 (109,351 ) (64,359 ) At 31 Dec 85,342 64,546 1 Structured liabilities (including debt securities in issue) have moved from ‘Trading liabilities’ to ‘Financial liabilities designated at fair value’. Comparatives have not been restated. See Note 37 for further detail. HSBC Holdings 2018 2017 $m $m Debt securities 68,567 51,754 Included within: – financial liabilities designated at fair value (Note 24) (17,767 ) (17,496 ) At 31 Dec 50,800 34,258 |
Accruals, deferred income and_2
Accruals, deferred income and other liabilities (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Subclassifications of assets, liabilities and equities [abstract] | |
Disclosure of detailed information about accruals, deferred income and other liabilities | 2018 2017 Footnotes $m $m Accruals and deferred income 11,296 11,521 Settlement accounts 1 13,022 N/A Cash collateral and margin payables 1 41,044 N/A Endorsements and acceptances 9,633 9,746 Employee benefit liabilities (Note 6) 2,167 2,152 Liabilities of disposal groups held for sale 313 1,286 Other liabilities 19,905 21,202 At 31 Dec 97,380 45,907 1 Settlement accounts, cash collateral and margin payables were reclassified from ‘Trading liabilities’, ‘Deposits by banks’ and ‘Customer accounts’ to ‘Other liabilities’ on 1 January 2018. This reclassification is to better reflect the nature of these balances and ensure consistency of presentation. Comparative data was not restated as the reclassification is not significant in the context of other changes to the balance sheet resulting from the adoption of IFRS 9. See Note 37 for further details. |
Provisions (Tables)
Provisions (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Other Provisions, Contingent Liabilities And Contingent Assets [Abstract] | |
Disclosure of other provisions rollforward | Restructuring Legal proceedings Customer Other Total $m $m $m $m $m Provisions (excluding contractual commitments) At 31 Dec 2017 334 1,501 1,454 469 3,758 Additions 73 1,132 288 232 1,725 Amounts utilised (158 ) (1,255 ) (838 ) (143 ) (2,394 ) Unused amounts reversed (107 ) (279 ) (90 ) (131 ) (607 ) Exchange and other movements (12 ) 29 (26 ) (70 ) (79 ) At 31 Dec 2018 130 1,128 788 357 2,403 Contractual commitments 1 At 31 Dec 2017 253 Impact on transition to IFRS 9 284 Net change in expected credit loss provision and other movements (20 ) At 31 Dec 2018 517 Total Provisions At 31 Dec 2017 4,011 At 31 Dec 2018 2,920 Restructuring costs Contractual commitments 1 Legal proceedings and regulatory matters Customer remediation Other provisions Total $m $m $m $m $m $m At 1 Jan 2017 551 298 2,436 1,124 364 4,773 Additions 204 87 829 820 280 2,220 Amounts utilised (353 ) (3 ) (850 ) (543 ) (133 ) (1,882 ) Unused amounts reversed (103 ) (135 ) (980 ) (52 ) (107 ) (1,377 ) Exchange and other movements 35 6 66 105 65 277 At 31 Dec 2017 334 253 1,501 1,454 469 4,011 1 The contractual commitments provision at 31 December 2017 represented IAS 37 provisions on off-balance sheet loan commitments and guarantees, for which expected credit losses are provided following transition to IFRS 9 on 1 January 2018. It further includes provisions in respect of insurance contracts. |
Disclosure of insurance complaints received and future claims expected | Cumulative PPI complaints received to 31 December 2018 and future claims expected Footnotes Cumulative actual to Future expected Inbound complaints (000s of policies) 1 1,777 183 Outbound contact (000s of policies) 685 — Response rate to outbound contact 44% n/a Average uphold rate per claim 2 77% 83% Average redress per claim ($) 2,729 3,130 Complaints to Financial Ombudsman Service (000s of policies) 166 9 Average uphold rate per Financial Ombudsman Service claim 38% 32% 1 Excludes invalid claims for which no PPI policy exists. 2 Claims include inbound and responses to outbound contact. |
Subordinated liabilities (Table
Subordinated liabilities (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Financial Instruments [Abstract] | |
Disclosure of financial liabilities | 2018 2017 Footnotes $m $m Deposits by banks 1, 2 4,871 23,297 Customer accounts 1, 2, 3 8,614 52,595 Other debt securities in issue (Note 25) 4 1,400 40,734 Other liabilities – net short positions in securities 69,546 67,735 At 31 Dec 84,431 184,361 1 ‘Deposits by banks’ and ‘Customer accounts’ include repos, stock lending and other amounts. 2 Settlement accounts, cash collateral and margin payables included within ‘Deposits by banks’ and ‘Customer accounts’ were reclassified from ‘Trading liabilities’ to ‘Other liabilities’ on 1 January 2018. This reclassification is to better reflect the nature of these balances and ensure consistency of presentation. Structured liabilities have moved from ‘Trading liabilities’ to ‘Financial liabilities designated at fair value’. Comparative data was not restated as the reclassification is not significant in the context of other changes to the balance sheet resulting from the adoption of IFRS 9. See Note 37 for further details. 3 Structured deposits placed at HSBC Bank USA and HSBC Trust Company (Delaware) National Association are insured by the Federal Deposit Insurance Corporation, a US government agency, up to $250,000 per depositor. 4 ‘Other debt securities in issue’ comprises structured notes issued by HSBC for which market risks are actively managed as part of trading portfolios. HSBC 2018 2017 Footnotes $m $m Deposits by banks and customer accounts 1 19,003 145 Liabilities to customers under investment contracts 5,458 5,635 Debt securities in issue (Note 25) 1 109,351 64,359 Subordinated liabilities (Note 28) 14,282 23,831 Preferred securities (Note 28) 411 459 At 31 Dec 148,505 94,429 1 Structured liabilities have moved from ‘Trading liabilities’ to ‘Financial liabilities designated at fair value’. Comparatives have not been restated. See Note 37 for further detail. HSBC Holdings 2018 2017 $m $m Debt securities in issue (Note 25) 17,767 17,496 Subordinated liabilities (Note 28) 7,282 13,394 At 31 Dec 25,049 30,890 HSBC’s subordinated liabilities 2018 2017 $m $m At amortised cost 22,437 19,826 – subordinated liabilities 20,651 17,988 – preferred securities 1,786 1,838 Designated at fair value (Note 24) 14,693 24,290 – subordinated liabilities 14,282 23,831 – preferred securities 411 459 At 31 Dec 37,130 44,116 Issued by HSBC subsidiaries 13,168 15,470 Issued by HSBC Holdings 23,962 28,646 HSBC’s subordinated liabilities in issue 2018 2017 Footnotes First call date Maturity date $m $m Additional tier 1 capital securities guaranteed by HSBC Holdings plc 1 $900m 10.176% non-cumulative step-up perpetual preferred securities, series 2 Jun 2030 892 892 892 892 Additional tier 1 capital securities guaranteed by HSBC Bank plc 1 £300m 5.862% non-cumulative step-up perpetual preferred securities Apr 2020 411 459 £700m 5.844% non-cumulative step-up perpetual preferred securities Nov 2031 894 946 1,305 1,405 Tier 2 securities issued by HSBC Bank plc $750m Undated floating rate primary capital notes Jun 1990 750 750 $500m Undated floating rate primary capital notes Sep 1990 500 500 $300m Undated floating rate primary capital notes, series 3 Jun 1992 300 300 $300m 7.65% subordinated notes — May 2025 300 375 1,850 1,925 £350m 5.00% callable subordinated notes 2 Mar 2018 Mar 2023 — 496 £300m 6.50% subordinated notes — Jul 2023 382 405 £350m 5.375% callable subordinated step-up notes 3 Nov 2025 Nov 2030 513 584 £500m 5.375% subordinated notes — Aug 2033 757 912 £225m 6.25% subordinated notes — Jan 2041 286 303 £600m 4.75% subordinated notes — Mar 2046 758 802 4,546 5,427 Tier 2 securities issued by The Hongkong and Shanghai Banking Corporation Ltd $400m Primary capital undated floating rate notes (third series) Jul 1991 400 400 400 400 Tier 2 securities issued by HSBC Bank Malaysia Berhad MYR500m 5.05% subordinated bonds Nov 2022 Nov 2027 121 123 121 123 Tier 2 securities issued by HSBC USA Inc. $750m 5.00% subordinated notes — Sep 2020 747 748 $250m 7.20% subordinated debentures — Jul 2097 221 221 Other subordinated liabilities each less than $150m 4 269 277 1,237 1,246 Tier 2 securities issued by HSBC Bank USA, N.A. $1,250m 4.875% subordinated notes — Aug 2020 1,226 1,236 $1,000m 5.875% subordinated notes — Nov 2034 1,106 1,272 $750m 5.625% subordinated notes — Aug 2035 829 955 $700m 7.00% subordinated notes — Jan 2039 697 700 3,858 4,163 Tier 2 securities issued by HSBC Finance Corporation $2,939m 6.676% senior subordinated notes 5 — Jan 2021 507 1,092 Tier 2 securities issued by HSBC Bank Canada Other subordinated liabilities each less than $150m Oct 1996 Nov 2083 29 31 29 31 Securities issued by HSBC Mexico, S.A. $300m Non-convertible subordinated obligations 6, 7 Jun 2014 Jun 2019 — 240 Other subordinated liability less than $150m 2, 6 — 115 — 355 Securities issued by other HSBC subsidiaries Other subordinated liabilities each less than $200m 4 273 336 Subordinated liabilities issued by HSBC subsidiaries at 31 Dec 8 13,168 15,470 1 See paragraph below, ‘Guaranteed by HSBC Holdings or HSBC Bank plc’. 2 These securities were redeemed in the first quarter of 2018. 3 The interest rate payable after November 2025 is the sum of the three-month sterling Libor plus 1.50% percentage points. 4 Some securities included here are ineligible for inclusion in the capital base of HSBC. 5 HSBC tendered for these securities in 2017. In January 2018, a further tender was conducted. The principal balance is now $507m . The original notional of these securities is $2,939m . 6 These securities are ineligible for inclusion in the capital base of HSBC. 7 Approximately $60m of these securities were held by HSBC Holdings. 8 Information regarding the effects of adoption of IFRS 9 can be found in Note 37. HSBC Holdings’ subordinated liabilities 2018 2017 $m $m At amortised cost 17,715 15,877 Designated at fair value (Note 24) 7,282 13,394 At 31 Dec 24,997 29,271 HSBC Holdings’ subordinated liabilities in issue First call Maturity 2018 2017 Footnotes date date $m $m Tier 2 securities issued by HSBC Holdings plc Amounts owed to third parties $2,000m 4.25% subordinated notes 2,3 — Mar 2024 2,001 2,038 $1,500m 4.25% subordinated notes 2 — Aug 2025 1,494 1,586 $1,500m 4.375% subordinated notes 2 — Nov 2026 1,470 1,580 $488m 7.625% subordinated notes 1 — May 2032 549 553 $222m 7.35% subordinated notes 1 — Nov 2032 246 248 $2,000m 6.5% subordinated notes 1 — May 2036 2,040 2,042 $2,500m 6.5% subordinated notes 1 — Sep 2037 2,419 3,365 $1,500m 6.8% subordinated notes 1 — Jun 2038 1,489 1,489 $1,500m 5.25% subordinated notes 2,3 — Mar 2044 1,661 1,755 £650m 5.75% subordinated notes 2 — Dec 2027 960 1,114 £650m 6.75% subordinated notes 2 — Sep 2028 826 873 £750m 7.0% subordinated notes 2 — Apr 2038 992 1,043 £900m 6.0% subordinated notes 2 — Mar 2040 1,156 1,199 €1,600m 6.25% subordinated notes 2 — Mar 2018 — 1,918 €1,750m 6.0% subordinated notes 2 — Jun 2019 2,125 2,349 €1,500m 3.375% subordinated notes 2,3 Jan 2019 Jan 2024 1,719 1,827 €1,500m 3.0% subordinated notes 2 — Jun 2025 1,725 2,037 €1,000m 3.125% subordinated notes 2 — Jun 2028 1,233 1,363 24,105 28,379 Amounts owed to HSBC undertakings $900m 10.176% subordinated step-up cumulative notes Jun 2030 Jun 2040 892 892 892 892 At 31 Dec 24,997 29,271 1 Amounts owed to third parties represent securities included in the capital base of HSBC as tier 2 securities in accordance with the grandfathering provisions under CRD IV rules. 2 These securities are included in the capital base of HSBC as fully CRD IV-compliant tier 2 securities on an end point basis. 3 These subordinated notes are measured at amortised cost in HSBC Holdings, where the interest rate risk is hedged using a fair value hedge, while they are measured at fair value in the Group. |
Maturity analysis of assets, _2
Maturity analysis of assets, liabilities and off-balance sheet commitments (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Financial Instruments [Abstract] | |
Disclosure of maturity analysis of assets, liabilities and off-balance sheet commitments | HSBC Maturity analysis of assets, liabilities and off-balance sheet commitments Due not Due over Due over Due over Due over Due over Due over Due over Total $m $m $m $m $m $m $m $m $m Financial assets Cash and balances at central banks 162,843 — — — — — — — 162,843 Items in the course of collection from other banks 5,787 — — — — — — — 5,787 Hong Kong Government certificates of indebtedness 35,859 — — — — — — — 35,859 Trading assets 235,443 264 707 744 104 197 671 — 238,130 Financial assets designated or otherwise mandatorily measured at fair value 7,743 49 371 145 334 918 2,415 29,136 41,111 Derivatives 206,925 15 57 79 18 69 328 334 207,825 Loans and advances to banks 40,114 10,421 3,486 2,004 3,282 7,158 4,508 1,194 72,167 Loans and advances to customers 178,613 72,072 58,680 38,394 37,333 101,267 219,841 275,496 981,696 – personal 41,967 8,736 8,237 7,581 7,240 24,942 63,061 229,626 391,390 – corporate and commercial 118,294 58,623 45,918 27,001 25,597 67,093 143,959 42,540 529,025 – financial 18,352 4,713 4,525 3,812 4,496 9,232 12,821 3,330 61,281 Reverse repurchase agreements 172,795 41,084 13,308 5,763 3,574 5,253 1,027 — 242,804 Financial investments 40,421 58,731 30,464 15,707 15,357 41,866 92,846 112,041 407,433 Accrued income and other financial assets 62,067 6,893 2,403 561 307 349 731 2,237 75,548 Financial assets at 31 Dec 2018 1,148,610 189,529 109,476 63,397 60,309 157,077 322,367 420,438 2,471,203 Non-financial assets — — — — — — — 86,921 86,921 Total assets at 31 Dec 2018 1,148,610 189,529 109,476 63,397 60,309 157,077 322,367 507,359 2,558,124 Off-balance sheet commitments received Loan and other credit-related commitments 73,464 — — — 1 3 98 656 74,222 Financial liabilities Hong Kong currency notes in circulation 35,859 — — — — — — — 35,859 Deposits by banks 42,406 3,457 1,043 784 542 5,558 1,655 886 56,331 Customer accounts 1 1,225,919 66,990 31,315 17,218 13,760 4,122 3,194 125 1,362,643 – personal 612,325 38,132 21,218 11,483 8,282 2,853 2,623 53 696,969 – corporate and commercial 457,661 22,922 8,029 4,599 4,317 1,092 509 29 499,158 – financial 155,933 5,936 2,068 1,136 1,161 177 62 43 166,516 Repurchase agreements 154,383 8,140 1,750 629 73 408 501 — 165,884 Items in the course of transmission to other banks 5,641 — — — — — — — 5,641 Trading liabilities 2 82,867 251 326 633 81 235 36 2 84,431 Financial liabilities designated at 2 3,813 4,476 6,878 3,076 3,481 12,545 53,615 60,621 148,505 – debt securities in issue: covered bonds — — 205 — — 1,190 2,721 1,137 5,253 – debt securities in issue: unsecured 981 1,562 2,659 2,290 2,353 9,143 47,443 37,633 104,064 – subordinated liabilities and preferred securities — — 2,125 — — — — 12,568 14,693 – other 2,832 2,914 1,889 786 1,128 2,212 3,451 9,283 24,495 Derivatives 203,962 62 135 191 144 560 159 622 205,835 Debt securities in issue 6,777 11,194 12,556 8,075 3,330 10,670 19,713 13,027 85,342 – covered bonds — — — — — — 748 — 748 – otherwise secured 2,166 1,100 30 — — 394 944 1,412 6,046 – unsecured 4,611 10,094 12,526 8,075 3,330 10,276 18,021 11,615 78,548 Accruals and other financial liabilities 69,958 8,986 3,296 659 1,269 885 1,027 1,300 87,380 Subordinated liabilities 6 89 3 — — 1,996 1,384 18,959 22,437 Total financial liabilities at 31 Dec 2018 1,831,591 103,645 57,302 31,265 22,680 36,979 81,284 95,542 2,260,288 Non-financial liabilities — — — — — — — 103,587 103,587 Total liabilities at 31 Dec 2018 1,831,591 103,645 57,302 31,265 22,680 36,979 81,284 199,129 2,363,875 Off-balance sheet commitments given Loan and other credit-related commitments 769,311 5,281 941 1,972 1,257 361 731 412 780,266 – personal 203,622 974 59 32 201 280 556 331 206,055 – corporate and commercial 441,199 2,694 799 1,895 974 34 150 73 447,818 – financial 124,490 1,613 83 45 82 47 25 8 126,393 Maturity analysis of assets, liabilities and off-balance sheet commitments (continued) Due not more than 1 month Due over 1 month but not more than 3 months Due over 3 months but not more than 6 months Due over 6 months but not more than 9 months Due over 9 months but not more than 1 year Due over 1 year but not more than 2 years Due over 2 years but not more than 5 years Due over 5 years Total $m $m $m $m $m $m $m $m $m Financial assets Cash and balances at central banks 180,624 — — — — — — — 180,624 Items in the course of collection from other banks 6,628 — — — — — — — 6,628 Hong Kong Government certificates of indebtedness 34,186 — — — — — — — 34,186 Trading assets 284,781 1,432 642 — 1,140 — — — 287,995 Financial assets designated at fair value 612 93 230 162 197 556 2,068 25,546 29,464 Derivatives 218,103 162 97 124 42 234 592 464 219,818 Loans and advances to banks 61,968 10,665 4,212 2,344 1,502 5,799 2,491 1,412 90,393 Loans and advances to customers 195,577 65,469 49,860 34,107 37,176 93,065 218,784 268,926 962,964 – personal 42,593 9,126 8,483 7,441 7,492 23,552 61,238 214,837 374,762 – corporate and commercial 124,669 50,532 36,046 22,932 26,577 61,785 144,451 49,762 516,754 – financial 28,315 5,811 5,331 3,734 3,107 7,728 13,095 4,327 71,448 Reverse repurchase agreements – non-trading 144,244 30,289 7,951 2,194 3,960 1,072 4,598 7,245 201,553 Financial investments 31,981 51,487 31,634 13,446 17,647 40,582 90,366 111,933 389,076 Accrued income and other financial assets 19,259 5,795 2,050 358 411 652 513 2,046 31,084 Financial assets at 31 Dec 2017 1,177,963 165,392 96,676 52,735 62,075 141,960 319,412 417,572 2,433,785 Non-financial assets — — — — — — — 87,986 87,986 Total assets at 31 Dec 2017 1,177,963 165,392 96,676 52,735 62,075 141,960 319,412 505,558 2,521,771 Off-balance sheet commitments received Loan and other credit-related commitments 3 36,200 — — — — — — — 36,200 Financial liabilities Hong Kong currency notes in circulation 34,186 — — — — — — — 34,186 Deposits by banks 56,829 1,961 1,097 616 157 361 7,393 1,508 69,922 Customer accounts 1 1,269,003 44,129 21,596 11,570 10,757 4,527 2,257 623 1,364,462 – personal 648,040 22,938 13,489 6,810 5,727 2,753 1,557 119 701,433 – corporate and commercial 458,937 16,496 6,983 3,712 3,970 1,705 641 451 492,895 – financial 162,026 4,695 1,124 1,048 1,060 69 59 53 170,134 Repurchase agreements – non-trading 113,208 14,042 1,592 160 — — 1,000 — 130,002 Items in the course of transmission to other banks 6,850 — — — — — — — 6,850 Trading liabilities 145,028 2,026 2,177 2,130 3,077 5,038 12,814 12,071 184,361 Financial liabilities designated at fair value 80 281 2,094 271 2,798 4,215 22,468 62,222 94,429 – debt securities in issue: covered bonds — — — 209 — 212 2,494 1,654 4,569 – debt securities in issue: unsecured 55 95 2,087 62 2,797 1,654 19,505 33,535 59,790 – subordinated liabilities and preferred securities — — — — — 2,349 459 21,482 24,290 – other 25 186 7 — 1 — 10 5,551 5,780 Derivatives 213,011 79 141 140 202 504 1,107 1,637 216,821 Debt securities in issue 6,081 6,295 5,228 5,795 9,240 6,725 22,767 2,415 64,546 – covered bonds — — — — 1 3 10 34 48 – otherwise secured 3,479 4 — — 1,000 1,100 914 1,193 7,690 – unsecured 2,602 6,291 5,228 5,795 8,239 5,622 21,843 1,188 56,808 Accruals and other financial liabilities 18,009 9,547 2,798 749 717 1,007 1,569 938 35,334 Subordinated liabilities — 1,918 73 36 132 273 3,595 13,799 19,826 Total financial liabilities at 31 Dec 2017 1,862,285 80,278 36,796 21,467 27,080 22,650 74,970 95,213 2,220,739 Non-financial liabilities — — — — — — — 103,161 103,161 Total liabilities at 31 Dec 2017 1,862,285 80,278 36,796 21,467 27,080 22,650 74,970 198,374 2,323,900 Off-balance sheet commitments given Loan and other credit-related commitments 3 669,485 39,192 3,812 2,103 4,686 3,436 4,423 2,349 729,486 – personal 187,545 2,001 340 343 1,583 1,033 952 513 194,310 – corporate and commercial 388,778 32,011 2,782 1,322 2,309 2,403 2,804 1,716 434,125 – financial 93,162 5,180 690 438 794 — 667 120 101,051 1 ‘Customer accounts’ includes $ 364,729m (2017: $386,417m ) insured by guarantee schemes. 2 Structured liabilities have moved from ’Trading liabilities’ to ‘Financial liabilities designated at fair value’. Comparatives have not been restated. See Note 37 for further detail. 3 31 December 2017 balances have been restated to include $44b n of loan commitments given (unsettled reverse repurchase agreements) and $30b n of loan commitments received (unsettled repurchase agreements) not previously identified for disclosure. The $30b n of loan commitments received are reported within ‘Due not more than 1 month’. HSBC Holdings Maturity analysis of assets, liabilities and off-balance sheet commitments Due not more than 1 month Due over 1 month but not more than 3 months Due over 3 months but not more than 6 months Due over 6 months but not more than 9 months Due over 9 months but not more than 1 year Due over 1 year but not more than 2 years Due over 2 years but not more than 5 years Due over 5 years Total $m $m $m $m $m $m $m $m $m Financial assets Cash at bank and in hand: – balances with HSBC undertakings 3,509 — — — — — — — 3,509 Derivatives 540 — — — — — — 167 707 Loans and advances to HSBC undertakings 3,052 11,563 158 968 1 — 14,062 26,340 56,144 Loans and advances to HSBC undertakings designated and otherwise mandatorily measured at fair value — — — — — — 8,116 15,397 23,513 Financial investments in HSBC undertakings — — — — — — — — — Accrued income and other financial assets 33 27 — — — — — 60 Total financial assets at 7,134 11,590 158 968 1 — 22,178 41,904 83,933 Non-financial assets — — — — — — — 161,248 161,248 Total assets at 31 Dec 2018 7,134 11,590 158 968 1 — 22,178 203,152 245,181 Financial liabilities Amounts owed to HSBC undertakings — 949 — — — — — — 949 Financial liabilities designated at fair value — — 2,125 — — — 12,306 10,618 25,049 – debt securities in issue — — — — — — 12,306 5,461 17,767 – subordinated liabilities and preferred securities — — 2,125 — — — — 5,157 7,282 Derivatives 1,321 — — — — — 339 499 2,159 Debt securities in issue — — — — — — 23,770 27,030 50,800 Accruals and other financial liabilities 319 353 188 36 5 — — 41 942 Subordinated liabilities — — — — — — 17,715 17,715 31 Dec 2018 1,640 1,302 2,313 36 5 — 36,415 55,903 97,614 Non-financial liabilities — — — — — — — 214 214 Total liabilities at 31 Dec 2018 1,640 1,302 2,313 36 5 — 36,415 56,117 97,828 Off-balance sheet commitments given Undrawn formal standby facilities, credit lines and other commitments to lend — — — — — — — — — Maturity analysis of assets, liabilities and off-balance sheet commitments (continued) Due not more than 1 month Due over 1 month but not more than 3 months Due over 3 months but not more than 6 months Due over 6 months but not more than 9 months Due over 9 months but not more than 1 year Due over 1 year but not more than 2 years Due over 2 years but not more than 5 years Due over 5 years Total $m $m $m $m $m $m $m $m $m Financial assets Cash at bank and in hand: – balances with HSBC undertakings 1,985 — — — — — — — 1,985 Derivatives 1,952 — — — — 80 — 356 2,388 Loans and advances to HSBC undertakings 4,861 13,039 3,145 5 2 1,134 29,560 24,881 76,627 Loans and advances to HSBC undertakings designated at fair value — — — — — — 2,411 9,533 11,944 Financial investments in HSBC undertakings 17 3 — — — — 1,798 2,446 4,264 Accrued income and other financial assets — 4 — — — — — 123 127 Total financial assets at 31 Dec 2017 8,815 13,046 3,145 5 2 1,214 33,769 37,339 97,335 Non-financial assets — — — — — — — 94,399 94,399 Total assets at 31 Dec 2017 8,815 13,046 3,145 5 2 1,214 33,769 131,738 191,734 Financial liabilities Amounts owed to HSBC undertakings 120 2,405 46 — — — — — 2,571 Financial liabilities designated at fair value — — — — — 2,349 11,491 17,050 30,890 – debt securities in issue — — — — — — 11,491 6,005 17,496 – subordinated liabilities and preferred securities — — — — — 2,349 — 11,045 13,394 Derivatives 2,008 — — — — 110 183 781 3,082 Debt securities in issue — — — — 1,081 — 10,354 22,823 34,258 Accruals and other financial liabilities 439 395 157 39 7 3 1 11 1,052 Subordinated liabilities — 1,918 — — — — — 13,959 15,877 Total financial liabilities at 31 Dec 2017 2,567 4,718 203 39 1,088 2,462 22,029 54,624 87,730 Non-financial liabilities — — — — — — — 217 217 Total liabilities at 31 Dec 2017 2,567 4,718 203 39 1,088 2,462 22,029 54,841 87,947 Off-balance sheet commitments given Undrawn formal standby facilities, credit lines and other commitments to lend — — — — — — — — — |
Offsetting of financial asset_2
Offsetting of financial assets and financial liabilities (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Financial Instruments [Abstract] | |
Disclosure of offsetting of financial assets and financial liabilities | Offsetting of financial assets and financial liabilities Amounts subject to enforceable netting arrangements Amounts not subject to enforceable netting arrangements 5 Total Amounts not set off in the balance sheet Gross amounts Amounts offset Net amounts in the balance sheet Financial instruments Non-cash collateral Cash collateral Net amount Footnotes $m $m $m $m $m $m $m $m $m Financial assets Derivatives (Note 15) 1 250,275 (49,711 ) 200,564 (145,785 ) (9,986 ) (38,031 ) 6,762 7,261 207,825 Reverse repos, stock borrowing and similar agreements classified as: 2 – trading assets 18,217 (790 ) 17,427 (1,244 ) (16,179 ) — 4 853 18,280 – non-trading assets 372,358 (167,313 ) 205,045 (21,788 ) (182,995 ) (100 ) 162 37,759 242,804 Loans and advances to customers 3 40,534 (12,468 ) 28,066 (21,245 ) — — 6,821 536 28,602 At 31 Dec 2018 681,384 (230,282 ) 451,102 (190,062 ) (209,160 ) (38,131 ) 13,749 46,409 497,511 Derivatives (Note 15) 1 322,422 (110,425 ) 211,997 (156,088 ) (11,092 ) (37,302 ) 7,515 7,821 219,818 Reverse repos, stock borrowing and similar agreements classified as: 2 – trading assets 15,893 — 15,893 (430 ) (15,462 ) — 1 1,227 17,120 – non-trading assets 265,666 (105,776 ) 159,890 (3,714 ) (155,973 ) (49 ) 154 41,663 201,553 Loans and advances to customers 3 42,091 (10,424 ) 31,667 (26,390 ) — (181 ) 5,096 619 32,286 At 31 Dec 2017 646,072 (226,625 ) 419,447 (186,622 ) (182,527 ) (37,532 ) 12,766 51,330 470,777 Financial liabilities Derivatives (Note 15) 1 248,123 (49,711 ) 198,412 (145,785 ) (14,895 ) (29,998 ) 7,734 7,423 205,835 Repos, stock lending and similar agreements classified as: 2 – trading liabilities 13,169 (790 ) 12,379 (1,244 ) (11,133 ) — 2 114 12,493 – non-trading liabilities 274,367 (167,313 ) 107,054 (21,788 ) (85,087 ) (164 ) 15 58,830 165,884 Customer accounts 4 40,286 (12,468 ) 27,818 (21,245 ) — — 6,573 11 27,829 At 31 Dec 2018 575,945 (230,282 ) 345,663 (190,062 ) (111,115 ) (30,162 ) 14,324 66,378 412,041 Derivatives (Note 15) 1 321,932 (110,425 ) 211,507 (156,072 ) (14,342 ) (28,666 ) 12,427 5,314 216,821 Repos, stock lending and similar agreements classified as: 2 – trading liabilities 10,555 — 10,555 (430 ) (9,615 ) — 510 63 10,618 – non-trading liabilities 187,268 (105,776 ) 81,492 (7,165 ) (74,048 ) (240 ) 39 48,510 130,002 Customer accounts 4 42,533 (10,424 ) 32,109 (26,390 ) — (188 ) 5,531 158 32,267 At 31 Dec 2017 562,288 (226,625 ) 335,663 (190,057 ) (98,005 ) (29,094 ) 18,507 54,045 389,708 1 At 31 December 2018, the amount of cash margin received that had been offset against the gross derivatives assets was $3,935m (2017: $6,324m ). The amount of cash margin paid that had been offset against the gross derivatives liabilities was $5,888m (2017: $5,196m ). 2 For the amount of repos, reverse repos, stock lending, stock borrowing and similar agreements recognised on the balance sheet within ‘Trading assets’ $ 18,280m (2017: $ 17,120m ) and ‘Trading liabilities’ $ 12,493m (2017: $ 10,618m ), see the ‘Funding sources and uses’ table on page 179 . 3 At 31 December 2018, the total amount of ‘Loans and advances to customers’ was $ 981,696m (2017: $ 962,964m ), of which $ 28,066m (2017: $ 31,667m ) was subject to offsetting. 4 At 31 December 2018, the total amount of ‘Customer accounts’ was $ 1,362,643m (2017: $ 1,364,462m ), of which $ 27,818m (2017: $ 32,109m ) was subject to offsetting. 5 These exposures continue to be secured by financial collateral, but we may not have sought or been able to obtain a legal opinion evidencing enforceability of the right of offset. |
Non-controlling interests (Tabl
Non-controlling interests (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Interests In Other Entities [Abstract] | |
Disclosure of components of non-controlling interests | 2018 2017 $m $m Non-controlling interests attributable to holders of ordinary shares in subsidiaries 7,996 7,621 At 31 Dec 7,996 7,621 |
Called up share capital and o_2
Called up share capital and other equity instruments (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Share Capital, Reserves And Other Equity Interest [Abstract] | |
Disclosure of issued capital and share premium | HSBC Holdings ordinary shares of $0.50 each, issued and fully paid 2018 2017 Footnotes Number $m Number $m At 1 Jan 20,320,716,258 10,160 20,191,586,214 10,096 Shares issued under HSBC employee share plans 83,740,460 42 76,701,249 38 Shares issued in lieu of dividends 166,850,869 83 380,652,196 190 Less: Shares repurchased and cancelled (210,466,091 ) (105 ) (328,223,401 ) (164 ) At 31 Dec 1 20,360,841,496 10,180 20,320,716,258 10,160 HSBC Holdings 6.20% non-cumulative US Dollar Preference Shares, Series A 2018 2017 Footnotes Number $m Number $m At 1 Jan and 31 Dec 2 1,450,000 — 1,450,000 — HSBC Holdings share premium 2018 2017 $m $m At 31 Dec 13,609 10,177 Total called up share capital and share premium 2018 2017 $m $m At 31 Dec 23,789 20,337 1 All HSBC Holdings ordinary shares in issue, excluding 325,273,407 shares held in treasury, confer identical rights, including in respect of capital, dividends and voting. 2 Included in the capital base of HSBC as additional tier 1 capital in accordance with the CRD IV rules, by virtue of the application of grandfathering provisions. |
Disclosure of other equity instruments | HSBC’s additional tier 1 capital securities in issue which are accounted for in equity First call 2018 2017 $m $m $2,200m 8.125% perpetual subordinated capital securities Apr 2013 — 2,133 $3,800m 8.000% perpetual subordinated capital securities, Series 2 Dec 2015 — 3,718 At 31 Dec — 5,851 HSBC’s additional tier 1 capital – contingent convertible securities in issue which are accounted for in equity First call 2018 2017 $m $m $1,500m 5.625% perpetual subordinated contingent convertible securities Jan 2020 1,494 1,494 $2,000m 6.875% perpetual subordinated contingent convertible securities Jun 2021 1,998 1,998 $2,250m 6.375% perpetual subordinated contingent convertible securities Sep 2024 2,244 2,244 $2,450m 6.375% perpetual subordinated contingent convertible securities Mar 2025 2,460 2,460 $3,000m 6.000% perpetual subordinated contingent convertible securities May 2027 2,997 2,997 $2,350m 6.250% perpetual subordinated contingent convertible securities Mar 2023 2,347 — $1,800m 6.500% perpetual subordinated contingent convertible securities Mar 2028 1,798 — €1,500m 5.250% perpetual subordinated contingent convertible securities Sep 2022 1,943 1,943 €1,000m 6.000% perpetual subordinated contingent convertible securities Sep 2023 1,120 1,120 €1,250m 4.750% perpetual subordinated contingent convertible securities Jul 2029 1,420 1,420 £1,000m 5.875% perpetual subordinated contingent convertible securities Sep 2026 1,299 — SGD1,000m 4.700% perpetual subordinated contingent convertible securities Jun 2022 723 723 SGD750m 5.000% perpetual subordinated contingent convertible securities Sep 2023 549 — At 31 Dec 22,392 16,399 |
Disclosure of range of exercise prices of outstanding share options | Aggregate options outstanding under these plans 31 Dec 2018 31 Dec 2017 Number of Period of exercise Exercise price Number of HSBC Holdings ordinary shares Period of exercise Exercise price 57,065,513 2018 to 2024 £4.0472 – 5.9640 64,604,932 2017 to 2023 £4.0472 – 5.9640 — N/A N/A 36,309 2017 to 2018 HK$55.4701 — N/A N/A 10,539 2017 to 2018 €5.3532 — N/A N/A 17,873 2017 to 2018 $7.1456 |
Contingent liabilities, contr_2
Contingent liabilities, contractual commitments, and guarantees (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Other Provisions, Contingent Liabilities And Contingent Assets [Abstract] | |
Disclosure of Contingent Liabilities, Contractual Commitments, and Guarantees | HSBC HSBC Holdings 1 2018 2017 2018 2017 Footnotes $m $m $m $m Guarantees and other contingent liabilities: – financial guarantees 2 23,518 25,849 8,627 7,778 – performance and other guarantees 3 71,484 67,007 — — – other contingent liabilities 1,408 616 215 — At 31 Dec 96,410 93,472 8,842 7,778 Commitments: 4 – documentary credits and short-term trade-related transactions 7,083 8,776 — — – forward asset purchases and forward deposits placed 3 67,265 48,192 — — – standby facilities, credit lines and other commitments to lend 705,918 672,518 — — At 31 Dec 780,266 729,486 — — 1 Guarantees by HSBC Holdings are all in favour of other Group entities. 2 ‘Financial guarantees’ to which the impairment requirements in IFRS 9 are applied have been presented separately from other guarantees to align with credit risk disclosures. Comparatives have been re-presented accordingly. 3 The 31 December 2017 balances have been restated to include $44b n of loan commitments (unsettled reverse repurchase agreements) and $3b n of performance and other guarantees not previously identified for disclosure. 4 Includes $592,008m of commitments at 31 December 2018, to which the impairment requirements in IFRS 9 are applied where HSBC has become party to an irrevocable commitment. |
Lease commitments (Tables)
Lease commitments (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Leases1 [Abstract] | |
Disclosure of Lease Receivables | 2018 2017 Total future Unearned Present Total future Unearned Present $m $m $m $m $m $m Lease receivables: No later than one year 2,229 (196 ) 2,033 3,523 (326 ) 3,197 Later than one year and no later than five years 7,420 (628 ) 6,792 7,033 (696 ) 6,337 Later than five years 5,032 (619 ) 4,413 4,784 (669 ) 4,115 At 31 Dec 14,681 (1,443 ) 13,238 15,340 (1,691 ) 13,649 |
Related party transactions (Tab
Related party transactions (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Related Party [Abstract] | |
Disclosure of compensation of key management personnel | The following table shows the total fees and benefits of non-executive Directors for 2018, together with comparative figures for 2017. Fees and benefits (Audited) Fees 1 Benefits 2 Total (£000) Footnotes 2018 2017 2018 2017 2018 2017 Phillip Ameen (Retired on 20 April 2018) 3 154 474 6 12 160 486 Kathleen Casey 4, 13 171 174 23 16 194 190 Henri de Castries 13 161 132 4 5 165 137 Laura Cha 5, 6, 14 255 269 13 22 268 291 Lord Evans of Weardale 6, 13, 14 200 215 2 8 202 223 Joachim Faber (Retired on 20 April 2018) 38 162 3 9 41 171 Irene Lee 7, 13 361 300 5 8 366 308 John Lipsky (Retired on 20 April 2018) 66 199 — 25 66 224 Heidi Miller 8, 13 573 571 9 18 582 589 David Nish 13 187 158 11 18 198 176 Jonathan Symonds 9, 14 653 639 1 2 654 641 Jackson Tai 10, 13 228 194 47 43 275 237 Mark Tucker 11 1,500 500 97 318 1,597 818 Pauline van der Meer Mohr 12, 14 239 239 17 16 256 255 Total 4,786 4,226 238 520 5,024 4,746 Total ($000) 6,383 5,636 317 693 6,700 6,329 1 Fees include a travel allowance of £4,000 for non-UK-based non-executive Directors. 2 Benefits include taxable expenses such as accommodation, travel and subsistence relating to attendance at Board and other meetings at HSBC Holdings' registered office. Amounts disclosed have been grossed up using a tax rate of 45% , where relevant. 3 Includes fees of £106,000 in 2018 ( £330,000 in 2017) as a Director and Chair of the Audit Committee of HSBC North America Holdings Inc. 4 Resigned as a member of the Financial System Vulnerabilities Committee. 5 Appointed as a member of the Financial System Vulnerabilities Committee on 20 April 2018. Includes fees of £80,000 in 2018 ( £75,000 in 2017) as a Director, Deputy Chairman and member of the Nomination Committee of The Hongkong and Shanghai Banking Corporation Limited. 6 The Philanthropic and Community Investment Oversight Committee was demised during 2018. 7 Appointed as a member of the Group Remuneration Committee on 20 April 2018. Includes fees of £210,000 in 2018 ( £187,000 in 2017) as a Director, and member of the Audit Committee and the Risk Committee of The Hongkong and Shanghai Banking Corporation Limited and as a Director, member of the Audit Committee and Chair of the Risk Committee of Hang Seng Bank Limited. 8 Includes fees of £412,000 in 2018 ( £427,000 in 2017) as Chair of HSBC North America Holdings Inc. 9 Appointed as Deputy Group Chairman on 6 August 2018 and appointed as a member of the Group Risk Committee on 20 April 2018. Includes fees of £240,000 ( £382,000 in 2017) as non-executive Chair of HSBC Bank plc, from which he stepped down on 6 August 2018. 10 Appointed as a member of the Group Audit Committee on 1 December 2018. Appointed as Chair of the GRC on 28 April 2017. As set out in the statement from the Chair of the Group Remuneration Committee, the fee for GRC Chair was increased to £120,000 on 1 December 2018, taking into acco unt the increase in the expectations of the role of the GRC Chair from a regulatory perspective and the expanded oversight role of the Group Risk Committee following the re-assignment of the work previously undertaken by the Conduct & Valu es Committee and the Financial System Vulnerabilities Committee. 11 The Group Chairman’s benefits in 2018 included £10,200 in respect of life assurance and £15,426 in respect of healthcare insurance, as approved by the Group Remuneration Committee. 12 Appointed a member of the Group Risk Committee on 20 April 2018. 13 Appointed as a member of the Nomination & Corporate Governance Committee on 20 April 2018. 14 Conduct and Values Committee was demised during 2018. The following table shows the comparison of shareholdings to the company shareholding guidelines. Shares Shareholding guidelines (number of shares) Share interests (number of shares) Phillip Ameen (retired on 20 April 2018) 15,000 5,000 Kathleen Casey 15,000 9,635 Laura Cha 15,000 10,200 Henri de Castries 15,000 18,064 Lord Evans of Weardale 15,000 12,892 Joachim Faber (retired on 20 April 2018) 15,000 93,221 Irene Lee 15,000 11,172 John Lipsky (retired on 20 April 2018) 15,000 16,165 Heidi Miller 15,000 4,420 David Nish 15,000 50,000 Jonathan Symonds 15,000 43,821 Jackson Tai 15,000 56,075 Mark Tucker 15,000 288,381 Pauline van der Meer Mohr 15,000 15,000 Compensation of Key Management Personnel 2018 2017 2016 $m $m $m Short-term employee benefits 52 43 41 Other long-term employee benefits 6 5 5 Share-based payments 34 35 37 Year ended 31 Dec 92 83 83 |
Disclosure of shareholdings, options and other securities of key management personnel | Shareholdings, options and other securities of Key Management Personnel 2018 2017 (000s) (000s) Number of options held over HSBC Holdings ordinary shares under employee share plans 24 15 Number of HSBC Holdings ordinary shares held beneficially and non-beneficially 17,940 22,609 At 31 Dec 17.964 22,624 |
Disclosure of transactions and balances during the year with associates and joint ventures | Transactions and balances during the year with Key Management Personnel 2018 2017 Balance at 31 Dec Highest amounts outstanding Balance Highest amounts outstanding Footnotes $m $m $m $m Key Management Personnel 1 Advances and credits 2 169 288 329 334 Guarantees 0.6 0.6 6 52 Deposits 352 924 300 893 1 Includes Key Management Personnel, close family members of Key Management Personnel and entities that are controlled or jointly controlled by Key Management Personnel or their close family members. 2 Advances and credits entered into by subsidiaries of HSBC Holdings during 2018 with Directors, disclosed pursuant to Section 413 of the Companies Act 2006, totalled $1m ( 2017 : $2m ). Transactions and balances during the year with associates and joint ventures 2018 2017 Highest balance Balance at Highest balance Balance at $m $m $m $m Unsubordinated amounts due from joint ventures 130 115 138 119 Unsubordinated amounts due from associates 3,887 3,000 3,104 2,537 Subordinated amounts due from associates — — 411 411 Amounts due to associates 2,020 273 2,617 1,232 Amounts due to joint ventures 22 22 — — Guarantees and commitments 790 523 654 665 Transactions and balances during the year with subsidiaries 2018 2017 Highest balance Balance at Highest balance Balance at $m $m $m $m Assets Cash and balances with HSBC undertakings 16,473 3,509 1,985 1,985 Loans and advances to HSBC undertakings designated at fair value 23,513 23,513 11,944 11,944 Derivatives 1,235 707 2,796 2,388 Loans and advances to HSBC undertakings 77,311 56,144 89,810 76,627 Financial investments in HSBC undertakings — — 4,264 4,264 Investments in subsidiaries 160,231 160,231 95,850 92,930 Total related party assets at 31 Dec 278,763 244,104 206,649 190,138 Liabilities Amounts owed to HSBC undertakings 2,040 949 2,906 2,571 Derivatives 3,639 2,159 4,904 3,082 Subordinated liabilities 892 892 892 892 Total related party liabilities at 31 Dec 6,571 4,000 8,702 6,545 Guarantees and commitments 11,629 8,627 9,692 7,778 |
Effects of reclassification u_2
Effects of reclassification upon adoption of IFRS 9 (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Accounting policies, changes in accounting estimates and errors [Abstract] | |
Disclosure of financial assets at date of initial application of IFRS 9 | Reconciliation of consolidated balance sheet at 31 December 2017 and 1 January 2018 IFRS 9 reclassification to 4 IFRS 9 carrying amount at IAS 39 carrying amount at Other changes in classifi-cation Fair value through profit and loss Fair value Amorti-sed cost Carrying amount post reclassifi-cation Footnotes IAS 39 measurement category IFRS 9 measurement category $m $m $m $m $m $m $m $m Assets Cash and balances at central banks Amortised cost Amortised cost 180,624 — — — — 180,624 (3 ) 180,621 Items in the course of collection from other banks Amortised cost Amortised cost 6,628 — — — — 6,628 — 6,628 Hong Kong Government certificates of indebtedness Amortised cost Amortised cost 34,186 — — — — 34,186 — 34,186 Trading assets 1, 3 FVPL FVPL 287,995 4,329 9 — (37,924 ) 254,409 1 254,410 Financial assets designated and otherwise mandatorily measured at fair value through profit or loss 2,5,6,7 FVPL FVPL 29,464 313 10,055 (3 ) (115 ) 39,714 32 39,746 Derivatives FVPL FVPL 219,818 — — — — 219,818 — 219,818 Loans and advances to banks 1, 2, 3 Amortised cost Amortised cost 90,393 (7,099 ) (712 ) — — 82,582 (23 ) 82,559 Loans and advances to customers 1, 2, 3 Amortised cost Amortised cost 962,964 (7,458 ) (3,903 ) — 24 951,627 (1,890 ) 949,737 Reverse repurchase agreements – non-trading Amortised cost Amortised cost 201,553 — — — — 201,553 — 201,553 Financial investments 5, 13 FVOCI (Available-for- sale – debt instruments) FVOCI 332,240 — (3,131 ) 83 (7,026 ) 322,166 (3 ) 322,163 6, 13 FVOCI (Available-for- sale – equity instruments) FVOCI 3,917 — (2,104 ) — — 1,813 — 1,813 5 Amortised cost Amortised cost 52,919 — — (80 ) 7,141 59,980 (457 ) 59,523 Prepayments, accrued income and other assets 1, 7 Amortised cost Amortised cost 67,191 9,915 (214 ) — 37,900 114,792 (15 ) 114,777 Current tax assets N/A N/A 1,006 — — — — 1,006 — 1,006 Interests in associates and joint ventures 8 N/A N/A 22,744 — — — — 22,744 (942 ) 21,802 Goodwill and intangible assets 9 N/A N/A 23,453 — — — — 23,453 (79 ) 23,374 Deferred tax assets N/A N/A 4,676 — — — — 4,676 38 4,714 Total assets 2,521,771 — — — — 2,521,771 (3,341 ) 2,518,430 For footnotes, see page 338 . Reconciliation of HSBC Holdings balance sheet at 31 December 2017 and 1 January 2018 IFRS 9 reclassification to IFRS 9 carrying amount at IAS 39 carrying amount at Other changes in classifi-cation Fair value through profit and loss Fair value Amorti-sed cost Carrying amount post-reclassifi-cation Footnotes IAS 39 measurement category IFRS 9 measurement category $m $m $m $m $m $m $m $m Assets Cash and balances with HSBC undertakings Amortised cost Amortised cost 1,985 — — — — 1,985 — 1,985 Financial assets designated and otherwise mandatorily measured at fair value through profit or loss 1 FVPL FVPL 11,944 — 4,264 — — 16,208 — 16,208 Derivatives FVPL FVPL 2,388 — — — — 2,388 — 2,388 Loans and advances to HSBC undertakings Amortised cost Amortised cost 76,627 — — — — 76,627 — 76,627 Financial investments 1 FVOCI (Available for sale – debt instruments) FVPL 4,264 — (4,264 ) — — — — — FVOCI (Available for sale – equity instruments) FVOCI — — — — — — — — Amortised cost (Debt instruments held to maturity) Amortised cost — — — — — — — — Prepayments, accrued income and intangible assets Amortised cost Amortised cost 662 — — — — 662 — 662 Current tax assets N/A N/A 379 — — — — 379 — 379 Investment in subsidiaries N/A N/A 92,930 — — — — 92,930 — 92,930 Deferred tax assets N/A N/A 555 — — — — 555 (175 ) 380 Total assets 191,734 — — — — 191,734 (175 ) 191,559 |
Disclosure of financial liabilities at date of initial application of IFRS 9 | Reconciliation for consolidated balance sheet at 31 December 2017 and 1 January 2018 (continued) IFRS 9 reclassification to Carrying amount post- reclassification IFRS 9 remeasurement including expected credit losses 4 IFRS 9 carrying amount at IAS 39 carrying amount at Other changes in classification Fair value through profit and loss Fair value Amortised cost Footnotes Measurement category 13 $m $m $m $m $m $m $m $m Liabilities Hong Kong currency notes in circulation Amortised cost 34,186 — — — — 34,186 — 34,186 Deposits by banks 1 Amortised cost 69,922 (5,430 ) — — — 64,492 — 64,492 Customer accounts 1 Amortised cost 1,364,462 (4,235 ) — — — 1,360,227 — 1,360,227 Repurchase agreements – non-trading Amortised cost 130,002 — — — — 130,002 — 130,002 Items in the course of transmission to other banks Amortised cost 6,850 — — — — 6,850 — 6,850 Trading liabilities 1, 11 FVPL 184,361 (103,497 ) — — — 80,864 — 80,864 Financial liabilities designated at fair value 9, 10, 11 FVPL 94,429 59,267 — — (9,699 ) 143,997 9 144,006 Derivatives FVPL 216,821 — — — — 216,821 — 216,821 Debt securities in issue 10 Amortised cost 64,546 — — — 2,095 66,641 (105 ) 66,536 Accruals, deferred income and other liabilities 1, 10 Amortised cost 45,907 53,895 — — 124 99,926 — 99,926 Current tax liabilities N/A 928 — — — — 928 — 928 Liabilities under insurance contracts 9 N/A 85,667 — — — — 85,667 (69 ) 85,598 Provisions N/A 4,011 — — — — 4,011 284 4,295 Deferred tax liabilities 14 N/A 1,982 — — — — 1,982 (368 ) 1,614 Subordinated liabilities 10 Amortised cost 19,826 — — — 7,480 27,306 (1,445 ) 25,861 Total liabilities 2,323,900 — — — — 2,323,900 (1,694 ) 2,322,206 For footnotes, see page 338 . IFRS 9 reclassification to Carrying amount post-reclassification IFRS 9 remeasurement including expected credit losses IFRS 9 carrying amount at IAS 39 measurement category IAS 39 carrying amount at Other changes in classification Fair value through profit and loss Fair value Amortised cost Footnotes $m $m $m $m $m $m $m $m Liabilities Amount owed to HSBC undertakings Amortised cost 2,571 — — — — 2,571 — 2,571 Financial liabilities designated at fair value 2 FVPL 30,890 — — — (5,402 ) 25,488 — 25,488 Derivatives Amortised cost 3,082 — — — — 3,082 — 3,082 Debt securities in issue Amortised cost 34,258 — — — — 34,258 — 34,258 Accruals, deferred income and other liabilities 2 Amortised cost 1,269 — — — 75 1,344 — 1,344 Subordinated liabilities 2 Amortised cost 15,877 — — — 5,327 21,204 (1,065 ) 20,139 Total liabilities 87,947 — — — — 87,947 (1,065 ) 86,882 |
Disclosure of effect on equity at date of initial application of IFRS 9 | IAS 39 carrying amount at 31 Dec 2017 IFRS 9 reclassification Carrying amount post reclassification IFRS 9 remeasurement including expected credit losses Carrying amount at 1 January 2018 Footnotes $m $m $m $m $m Equity Called up share capital 10,160 — 10,160 — 10,160 Share premium account 10,177 — 10,177 — 10,177 Other equity instruments 22,250 — 22,250 — 22,250 Other reserves 12 7,664 (960 ) 6,704 (61 ) 6,643 Retained earnings 14 139,999 960 140,959 (1,545 ) 139,414 Total shareholders equity 190,250 — 190,250 (1,606 ) 188,644 Non-controlling interests 7,621 — 7,621 (41 ) 7,580 Total equity 197,871 — 197,871 (1,647 ) 196,224 For footnotes, see page 338 . Reconciliation for HSBC Holdings balance sheet at 31 December 2017 and 1 January 2018 (continued) IAS 39 carrying amount at 31 Dec 2017 IFRS 9 reclassification Carrying amount post-reclassification IFRS 9 remeasurement including expected credit losses Carrying amount at 1 January 2018 Footnotes $m $m $m $m $m Equity Called up share capital 10,160 — 10,160 — 10,160 Share premium account 10,177 — 10,177 — 10,177 Other equity instruments 22,107 — 22,107 — 22,107 Other reserves 37,440 (59 ) 37,381 — 37,381 Retained earnings 23,903 59 23,962 890 24,852 Total equity 103,787 — 103,787 890 104,677 1 $4,264 of available-for-sale assets have been reclassified as ‘Financial assets designated and otherwise mandatorily measured at fair value through profit or loss’ in accordance with IFRS 9. 2 As permitted by IFRS 9, fair value designations have been revoked for certain long-dated liabilities where the accounting mismatch will be better mitigated by undertaking fair value hedge accounting, resulting in reclassifications of $5,402m from 'Financial liabilities designated at fair value’ to ‘Subordinated liabilities’ measured at amortised cost. |
Disclosure of effect on impairment allowances at date of initial application of IFRS 9 | Reconciliation of impairment allowance under IAS 39 and provision under IAS 37 to expected credit losses under IFRS 9 Reclassification to Remeasurement Total Fair value through profit and loss Fair value Amortised cost Stage 3 Stage 1 & Stage 2 IAS 39 measurement category $m $m $m $m $m $m Financial assets at amortised cost IAS 39 impairment allowance at 31 Dec 2017 7,532 Cash and balances at central banks Amortised cost (Loans and receivables) — — — — 3 3 Items in the course of collection from other banks Amortised cost (Loans and receivables) — — — — — — Hong Kong Government certificates of indebtedness Amortised cost (Loans and receivables) — — — — — — Loans and advances to banks Amortised cost (Loans and receivables) — — — 1 22 23 Loans and advances to customers Amortised cost (Loans and receivables) (31 ) — — 629 1,261 1,859 Reverse repurchase agreements – non-trading Amortised cost (Loans and receivables) — — — — — — Financial investments Amortised cost (Held to maturity) — — 3 — 13 16 Prepayments, accrued income and other assets Amortised cost (Loans and receivables) — — — — 47 47 Expected credit loss allowance at 1 Jan 2018 9,480 Loan commitments and financial guarantee contracts IAS 37 provisions at 31 Dec 2017 253 Provisions (loan commitments and financial guarantees) N/A N/A N/A N/A 74 210 284 Expected credit loss provision at 1 Jan 2018 537 |
Disclosure of effects of reclassification upon adoption of IFRS 9 | Effects of reclassification upon adoption of IFRS 9 Assuming no reclassification Carrying amount at 31 Dec 2018 Fair value at 31 Dec 2018 Fair value gains/(losses) recognised in profit or loss Fair value gains/(losses) recognised in other comprehensive income Interest revenue/(expense) Footnotes $m $m $m $m $m Reclassified from available-for-sale to amortised cost Other financial assets held at amortised cost 5,781 5,876 N/A (438 ) N/A Reclassified from fair value through profit and loss to amortised cost or fair value though other comprehensive income Debt securities in issue 15 1,939 1,823 60 237 (80 ) Subordinated liabilities 16 5,872 6,635 246 644 (323 ) For footnotes, see page 338 . |
HSBC Holdings' subsidiaries, _2
HSBC Holdings' subsidiaries, joint ventures and associates (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Interests In Other Entities [Abstract] | |
Disclosure of interests in subsidiaries | Main subsidiaries of HSBC Holdings At 31 Dec 2018 Place of incorporation or registration HSBC’s interest % Share class Europe HSBC Bank plc England and Wales 100 £1 Ordinary, $0.01 Non-cumulative third Dollar Preference HSBC UK Bank plc England and Wales 100 £1 Ordinary HSBC France France 99.99 €5 Actions HSBC Trinkaus & Burkhardt AG Germany 80.67 Stückaktien no par value Asia Hang Seng Bank Limited Hong Kong 62.14 HK$5 Ordinary HSBC Bank (China) Company Limited People’s Republic of China 100 CNY1 Ordinary HSBC Bank Malaysia Berhad Malaysia 100 RM0.50 Ordinary HSBC Life (International) Limited Bermuda 100 HK$1 Ordinary The Hongkong and Shanghai Banking Corporation Limited Hong Kong 100 Ordinary no par value Middle East and North Africa HSBC Bank Middle East Limited United Arab Emirates 100 $1 Ordinary and $1 Cumulative Redeemable Preference shares (CRP) North America HSBC Bank Canada Canada 100 Common no par value and Preference no par value HSBC Bank USA, N.A. US 100 $100 Common and $0.01 Preference Latin America HSBC Mexico, S.A., Institución de Banca Múltiple, Mexico 99.99 MXN2 Ordinary Subsidiaries with significant non-controlling interests 2018 2017 Hang Seng Bank Limited Proportion of ownership interests and voting rights held by non-controlling interests 37.86 % 37.86% Place of business Hong Kong Hong Kong $m $m Profit attributable to non-controlling interests 1,194 997 Accumulated non-controlling interests of the subsidiary 6,637 6,233 Dividends paid to non-controlling interests 647 594 Summarised financial information: – total assets 197,867 186,638 – total liabilities 179,450 169,275 – net operating income before changes in expected credit losses and other credit impairment charges 5,294 4,556 – profit for the year 3,159 2,632 – total comprehensive income for the year 2,950 2,895 Subsidiaries % of share class held by immediate parent company (or by the Group where this varies) Footnotes ACN 087 652 113 Pty Limited (in liquidation) 100.00 16 Almacenadora Banpacifico S.A. (in liquidation) 99.99 18 Assetfinance December (F) Limited 100.00 19 Assetfinance December (H) Limited 100.00 19 Assetfinance December (M) Limited 100.00 19 Assetfinance December (P) Limited 100.00 19 Assetfinance December (R) Limited 100.00 19 Assetfinance June (A) Limited 100.00 19 Assetfinance June (D) Limited 100.00 19 Assetfinance Limited 100.00 19 Assetfinance March (B) Limited 100.00 20 Assetfinance March (D) Limited 100.00 19 Assetfinance March (F) Limited 100.00 19 Assetfinance September (F) Limited 100.00 19 Assetfinance September (G) Limited 100.00 19 B&Q Financial Services Limited 100.00 21 Banco Nominees (Guernsey) Limited 100.00 22 Banco Nominees 2 (Guernsey) Limited 100.00 22 Banco Nominees Limited 100.00 23 Bank of Bermuda (Cayman) Limited 100.00 24 Beau Soleil Limited Partnership n/a 7, 25 Beijing Miyun HSBC Rural Bank Company Limited 100.00 12, 26 Billingsgate Nominees Limited 100.00 19 Canada Crescent Nominees (UK) Limited 100.00 19 Canada Square Nominees (UK) Limited 100.00 19 Canada Water Nominees (UK) Limited (in liquidation) 100.00 19 Capco/Cove, Inc. 100.00 27 Card-Flo #1, Inc. 100.00 28 Card-Flo #3, Inc. 100.00 29 CC&H Holdings LLC n/a 7, 30 CCF & Partners Asset Management Limited 99.99 19 CCF Charterhouse GmbH & Co Asset Leasing KG (in liquidation) n/a 7, 31 CCF Charterhouse GmbH (in liquidation) 100.00 (99.99) 4, 31 CCF Holding (LIBAN) S.A.L. (in liquidation) 74.99 1, 32 Charterhouse Administrators (D.T.) Limited 100.00 (99.99) 19 Charterhouse Development Limited (in liquidation) 100.00 36 Charterhouse Management Services Limited 100.00 (99.99) 19 Charterhouse Pensions Limited 100.00 19 Chongqing Dazu HSBC Rural Bank Company Limited 100.00 12, 33 Chongqing Fengdu HSBC Rural Bank Company Limited 100.00 12, 34 Chongqing Rongchang HSBC Rural Bank Company Limited 100.00 12, 35 CL Residential Limited (in liquidation) 100.00 36 COIF Nominees Limited n/a 7, 19 Cordico Management AG 100.00 37 Corhold Limited 100.00 38 Corsair IV Financial Services Capital Partners n/a 7, 49 Dalian Pulandian HSBC Rural Bank Company Limited 100.00 12, 39 Decision One Mortgage Company, LLC n/a 7, 40 Dem 5 100.00 (99.99) 4, 41 Dem 9 100.00 (99.99) 4, 41 Dempar 1 100.00 (99.99) 4, 42 Dempar 4 100.00 (99.99) 4, 42 Desarrollo Turistico, S.A. de C.V. (in liquidation) 99.99 18 Elysees GmbH (in liquidation) 100.00 (99.99) 11, 31 Elysées Immo Invest 100.00 (99.99) 4, 43 Equator Holdings Limited (in liquidation) 100.00 19 Subsidiaries % of share class held by immediate parent company (or by the Group where this varies) Footnotes Eton Corporate Services Limited 100.00 22 Far East Leasing SA (in liquidation) 100.00 44 Fdm 5 SAS 100.00 (99.99) 4, 41 FEPC Leasing Ltd. (in liquidation) 100.00 3, 45 Finanpar 2 100.00 (99.99) 4, 43 Finanpar 7 100.00 (99.99) 4, 43 Flandres Contentieux S.A. 100.00 (99.99) 1, 4, 46 Foncière Elysées 100.00 (99.99) 4, 42 Forward Trust Rail Services Limited (in liquidation) 100.00 19 Fujian Yongan HSBC Rural Bank Company Limited 100.00 12, 47 Fulcher Enterprises Company Limited 100.00 (62.14) 48 Fundacion HSBC, A.C. 99.99 1, 11, 18 Giller Ltd. 100.00 27 Global Payments Technology Mexico S.A. De C.V. 100.00 (99.99) 18 GPIF Co-Investment, LLC n/a 7, 29 Griffin International Limited 100.00 19 Grundstuecksgesellschaft Trinkausstrasse Kommanditgesellschaft n/a 7, 50 Grupo Financiero HSBC, S. A. de C. V. 99.99 18 Guangdong Enping HSBC Rural Bank Company Limited 100.00 12, 51 Hang Seng (Nominee) Limited 100.00 (62.14) 48 Hang Seng Bank (China) Limited 100.00 (62.14) 12, 54 Hang Seng Bank (Trustee) Limited 100.00 (62.14) 48 Hang Seng Bank Limited 62.14 48 Hang Seng Bullion Company Limited 100.00 (62.14) 48 Hang Seng Credit Limited 100.00 (62.14) 48 Hang Seng Data Services Limited 100.00 (62.14) 48 Hang Seng Finance Limited 100.00 (62.14) 48 Hang Seng Financial Information Limited 100.00 (62.14) 48 Hang Seng Futures Limited (in liquidation) 100.00 (62.14) 48 Hang Seng Indexes Company Limited 100.00 (62.14) 48 Hang Seng Insurance Company Limited 100.00 (62.14) 48 Hang Seng Investment Management Limited 100.00 (62.14) 48 Hang Seng Investment Services Limited 100.00 (62.14) 48 Hang Seng Life Limited 100.00 (62.14) 48 Hang Seng Real Estate Management Limited 100.00 (62.14) 48 Hang Seng Securities Limited 100.00 (62.14) 48 Hang Seng Security Management Limited 100.00 (62.14) 48 Hang Seng Qianhai Fund Management Company Limited 70.00 (43.49) 12, 189 Haseba Investment Company Limited 100.00 (62.14) 48 HFC Bank Limited (in liquidation) 100.00 36 Hg Janus A Co-Invest L.P. n/a 7, 210 High Time Investments Limited 100.00 (62.14) 48 HITG Administration GmbH 100.00 55 Honey Green Enterprises Ltd. 100.00 56 Hongkong International Trade Finance (Holdings) Limited (in liquidation) 100.00 19 Household Capital Markets LLC n/a 7, 29 Household Finance Corporation III 100.00 29 Household International Europe Limited (in liquidation) 100.00 3, 36 Household Pooling Corporation 100.00 58 HRMG Nominees Limited 100.00 22 HSBC (BGF) Investments Limited 100.00 19 HSBC (General Partner) Limited 100.00 2, 60 HSBC (Guernsey) GP PCC Limited 100.00 22 HSBC (Kuala Lumpur) Nominees Sdn Bhd 100.00 61 HSBC (Malaysia) Trustee Berhad 100.00 62 HSBC (Singapore) Nominees Pte Ltd 100.00 63 Subsidiaries % of share class held by immediate parent company (or by the Group where this varies) Footnotes HSBC Administradora de Inversiones S.A. 100.00 (99.65) 64 HSBC Agency (India) Private Limited 100.00 65 HSBC Alpha Funding (UK) Holdings LP (in liquidation) n/a 7, 66 HSBC Alternative Investments Limited 100.00 19 HSBC Amanah Malaysia Berhad 100.00 61 HSBC Amanah Takaful (Malaysia) Berhad 49.00 9, 61 HSBC Americas Corporation (Delaware) 100.00 29 HSBC Argentina Holdings S.A. 100.00 67 HSBC Asia Holdings (UK) Limited 100.00 19 HSBC Asia Holdings B.V. 100.00 3, 19 HSBC Asia Holdings Limited 100.00 2, 68 HSBC Asia Pacific Holdings (UK) Limited 100.00 5, 19 HSBC Asset Finance (UK) Limited 100.00 19 HSBC Asset Finance Holdings Limited (in liquidation) 100.00 19 HSBC Asset Finance M.O.G. Holdings (UK) Limited 100.00 19 HSBC Asset Management (India) Private Limited 100.00 (99.99) 3, 69 HSBC Assurances Vie (France) 100.00 (99.99) 4, 46 HSBC Australia Holdings Pty Limited 100.00 3, 5, 16 HSBC Bank (Chile) 100.00 70 HSBC Bank (China) Company Limited 100.00 12, 71 HSBC Bank (General Partner) Limited 100.00 60 HSBC Bank (Mauritius) Limited 100.00 72 HSBC Bank (RR) (Limited Liability Company) 100.00 13, 73 HSBC Bank (Singapore) Limited 100.00 63 HSBC Bank (Taiwan) Limited 100.00 74 HSBC Bank (Uruguay) S.A. 100.00 75 HSBC Bank (Vietnam) Ltd. 100.00 76 HSBC Bank A.S. 100.00 77 HSBC Bank Argentina S.A. 100.00 (99.99) 67 HSBC Bank Armenia cjsc 70.00 78 HSBC Bank Australia Limited 100.00 16 HSBC Bank Bermuda Limited 100.00 23 HSBC Bank Canada 100.00 3, 79 HSBC Bank Capital Funding (Sterling 1) LP n/a 7, 60 HSBC Bank Capital Funding (Sterling 2) LP n/a 7, 60 HSBC Bank Egypt S.A.E 94.54 80 HSBC Bank Malaysia Berhad 100.00 61 HSBC Bank Malta p.l.c. 70.03 81 HSBC Bank Middle East Limited 100.00 5, 82 HSBC Bank Middle East Limited, Representative Office Morocco SARL 100.00 83 HSBC Bank Nominee (Jersey) Limited 100.00 85 HSBC Bank Oman S.A.O.G. 51.00 86 HSBC Bank Pension Trust (UK) Limited 100.00 19 HSBC Bank plc 100.00 3, 19 HSBC Bank Polska S.A. 100.00 3, 87 HSBC Bank USA, National Association 100.00 3, 88 HSBC Branch Nominee (UK) Limited 100.00 19 HSBC Brasil Holding S.A. 100.00 89 HSBC Brasil S.A. Banco De Investimento 100.00 89 HSBC Broking Forex (Asia) Limited 100.00 68 HSBC Broking Futures (Asia) Limited 100.00 68 HSBC Broking Futures (Hong Kong) Limited 100.00 68 HSBC Broking Securities (Asia) Limited 100.00 68 HSBC Broking Securities (Hong Kong) Limited 100.00 68 HSBC Broking Services (Asia) Limited 100.00 68 HSBC Canadian Covered Bond (Legislative) GP Inc 100.00 90 HSBC Canadian Covered Bond (Legislative) Guarantor Limited Partnership n/a 7, 90 HSBC Capital (USA), Inc. 100.00 29 HSBC Capital Funding (Dollar 1) L.P. n/a 7, 60 HSBC Capital Limited 100.00 68 HSBC Card Services Inc. 100.00 29 Subsidiaries % of share class held by immediate parent company (or by the Group where this varies) Footnotes HSBC Casa de Bolsa, S.A. de C.V., Grupo Financiero HSBC 99.99 18 HSBC Cayman Services Limited 100.00 92 HSBC City Funding Holdings 100.00 19 HSBC Client Holdings Nominee (UK) Limited 100.00 19 HSBC Client Share Offer Nominee (UK) Limited 100.00 19 HSBC Columbia Funding, LLC n/a 7, 29 HSBC Corporate Advisory (Malaysia) Sdn Bhd 100.00 61 HSBC Corporate Finance (Hong Kong) Limited 100.00 68 HSBC Corporate Trustee Company (UK) Limited 100.00 19 HSBC Custody Nominees (Australia) Limited 100.00 16 HSBC Custody Services (Guernsey) Limited 100.00 22 HSBC Daisy Investments (Mauritius) Limited 100.00 94 HSBC Diversified Loan Fund General Partner Sarl n/a 7, 95 HSBC Electronic Data Processing (Guangdong) Limited 100.00 12, 96 HSBC Electronic Data Processing (Malaysia) Sdn Bhd 100.00 97 HSBC Electronic Data Processing (Philippines), Inc. 99.99 98 HSBC Electronic Data Processing India Private Limited 100.00 99 HSBC Electronic Data Processing Lanka (Private) Limited 100.00 100 HSBC Electronic Data Service Delivery (Egypt) S.A.E. 100.00 101 HSBC Enterprise Investment Company (UK) Limited 100.00 19 HSBC Epargne Entreprise (France) 100.00 (99.99) 4, 46 HSBC Equator (UK) Limited (in liquidation) 100.00 19 HSBC Equipment Finance (UK) Limited 100.00 19 HSBC Equity (UK) Limited 100.00 19 HSBC Europe B.V. 100.00 19 HSBC Executor & Trustee Company (UK) Limited 100.00 19 HSBC Factoring (France) 100.00 (99.99) 4, 42 HSBC Finance (Brunei) Berhad 100.00 102 HSBC Finance (Netherlands) 100.00 2, 19 HSBC Finance Corporation 100.00 29 HSBC Finance Limited 100.00 19 HSBC Finance Mortgages Inc. 100.00 103 HSBC Finance Transformation (UK) Limited 100.00 2, 19 HSBC Financial Services (Lebanon) s.a.l. 99.60 104 HSBC Financial Services (Middle East) Limited (in liquidation) 100.00 105 HSBC Financial Services (Uruguay) S.A. (in liquidation) 100.00 106 HSBC France 99.99 4, 42 HSBC Fund Services (Korea) Limited 92.95 108 HSBC Funding (UK) Holdings (active proposal to strike off) 100.00 19 HSBC Germany Holdings GmbH 100.00 50 HSBC Global Asset Management (Bermuda) Limited 100.00 3, 23 HSBC Global Asset Management (Canada) Limited 100.00 79 HSBC Global Asset Management (Deutschland) GmbH 100.00 (80.67) 50 HSBC Global Asset Management (France) 100.00 (99.99) 4, 110 HSBC Global Asset Management (Hong Kong) Limited 100.00 25 HSBC Global Asset Management (International) Limited (in liquidation) 100.00 111 HSBC Global Asset Management (Japan) K. K. 100.00 112 HSBC Global Asset Management (Malta) Limited 100.00 (70.03) 113 Subsidiaries % of share class held by immediate parent company (or by the Group where this varies) Footnotes HSBC Global Asset Management (México), S.A. de C.V., Sociedad Operadora de Fondos de Inversión, Grupo Financiero HSBC 99.99 18 HSBC Global Asset Management (Oesterreich) GmbH 100.00 (80.67) 6, 114 HSBC Global Asset Management (Singapore) Limited 100.00 63 HSBC Global Asset Management (Switzerland) AG 100.00 (90.33) 4, 115 HSBC Global Asset Management (Taiwan) Limited 100.00 116 HSBC Global Asset Management (UK) Limited 100.00 19 HSBC Global Asset Management (USA) Inc. 100.00 117 HSBC Global Asset Management Holdings (Bahamas) Limited 100.00 118 HSBC Global Asset Management Limited 100.00 2, 19 HSBC Global Custody Nominee (UK) Limited 100.00 19 HSBC Global Custody Proprietary Nominee (UK) Limited 100.00 19 HSBC Global Services (Canada) Limited 100.00 3, 119 HSBC Global Services (China) Holdings Limited 100.00 19 HSBC Global Services (Hong Kong) Limited 100.00 68 HSBC Global Services (UK) Limited 100.00 19 HSBC Global Services Limited 100.00 2, 19 HSBC Global Shared Services (India) Private Limited (in liquidation) 100.00 (99.99) 65 HSBC Group Management Services Limited 100.00 19 HSBC Group Nominees UK Limited 100.00 1, 2, 19 HSBC Holdings B.V. 100.00 3, 19 HSBC IM Pension Trust Limited 100.00 1, 19 HSBC Infrastructure Limited 100.00 19 HSBC INKA Investment-AG TGV 100.00 (80.67) 14, 120 HSBC Inmobiliaria (Mexico), S.A. de C.V. 100.00 18 HSBC Institutional Trust Services (Asia) Limited 100.00 68 HSBC Institutional Trust Services (Bermuda) Limited 100.00 23 HSBC Institutional Trust Services (Ireland) DAC 100.00 (99.99) 121 HSBC Institutional Trust Services (Mauritius) Limited 100.00 122 HSBC Institutional Trust Services (Singapore) Limited 100.00 63 HSBC Insurance (Asia) Limited 100.00 124 HSBC Insurance (Asia-Pacific) Holdings Limited 100.00 5, 125 HSBC Insurance (Bermuda) Limited 100.00 23 HSBC Insurance (Singapore) Pte. Limited 100.00 63 HSBC Insurance Agency (USA) Inc. 100.00 117 HSBC Insurance Brokers (Philippines) Inc 100.00 (99.99) 127 HSBC Insurance Holdings Limited 100.00 2, 19 HSBC Insurance Management Services Limited (in liquidation) 100.00 128 HSBC Insurance Services (Lebanon) S.A.L. (in liquidation) 97.70 129 HSBC Insurance Services Holdings Limited 100.00 19 HSBC International Finance Corporation (Delaware) 100.00 130 HSBC International Holdings (Jersey) Limited (in liquidation) 100.00 85 HSBC International Limited (in liquidation) 100.00 85 HSBC International Nominees Limited (in liquidation) 100.00 1, 131 HSBC International Trustee (BVI) Limited 100.00 10, 132 HSBC International Trustee (Holdings) Pte. Limited 100.00 63 HSBC International Trustee Limited 100.00 131 HSBC Inversiones S.A. 99.99 70 HSBC Inversiones y Servicios Financieros Limitada (in liquidation) 100.00 (99.99) 70 HSBC InvestDirect (India) Limited 99.99 (99.54) 133 Subsidiaries % of share class held by immediate parent company (or by the Group where this varies) Footnotes HSBC InvestDirect Financial Services (India) Limited 100.00 (99.54) 133 HSBC InvestDirect Sales & Marketing (India) Limited 99.99 (98.54) 65 HSBC InvestDirect Securities (India) Private Limited 99.99 (99.61) 3, 133 HSBC Investment Bank Holdings B.V. 100.00 19 HSBC Investment Bank Holdings Limited 100.00 19 HSBC Investment Company (Egypt) S.A.E (in liquidation) 100.00 (94.54) 1, 134 HSBC Investment Funds (Canada) Inc. 100.00 5, 135 HSBC Investment Funds (Hong Kong) Limited 100.00 25 HSBC Investment Funds (Luxembourg) SA 100.00 136 HSBC Invoice Finance (UK) Limited 100.00 138 HSBC Iris Investments (Mauritius) Ltd (in liquidation) 100.00 139 HSBC Issuer Services Common Depositary Nominee (UK) Limited 100.00 19 HSBC Issuer Services Depositary Nominee (UK) Limited 100.00 19 HSBC Latin America B.V. 100.00 19 HSBC Latin America Holdings (UK) Limited 100.00 2, 19 HSBC Leasing (Asia) Limited 100.00 68 HSBC Leasing (France) 100.00 (99.99) 4, 41 HSBC Life (International) Limited 100.00 23 HSBC Life (Property) Limited 100.00 124 HSBC Life (UK) Limited 100.00 19 HSBC Life Assurance (Malta) Limited 100.00 (70.03) 113 HSBC Life Insurance Company Limited 50.00 140 HSBC Lodge Funding (UK) Holdings (active proposal to strike off) 100.00 19 HSBC LU Nominees Limited 100.00 19 HSBC Management (Guernsey) Limited 100.00 22 HSBC Markets (USA) Inc. 100.00 29 HSBC Marking Name Nominee (UK) Limited 100.00 19 HSBC Mexico, S.A., Institucion de Banca Multiple, Grupo Financiero HSBC 100.00 (99.99) 18 HSBC Middle East Finance Company Limited 80.00 141 HSBC Middle East Holdings B.V. 100.00 2, 3, 82 HSBC Middle East Leasing Partnership n/a 7, 142 HSBC Middle East Securities L.L.C 49.00 9, 143 HSBC Mortgage Corporation (Canada) 100.00 144 HSBC Mortgage Corporation (USA) 100.00 29 HSBC Nominees (Asing) Sdn Bhd 100.00 61 HSBC Nominees (Hong Kong) Limited 100.00 68 HSBC Nominees (New Zealand) Limited 100.00 145 HSBC Nominees (Tempatan) Sdn Bhd 100.00 61 HSBC North America Holdings Inc. 100.00 3, 29 HSBC Odeme Sistemleri Bilgisayar Teknolojileri Basin Yayin Ve Musteri Hizmetleri 99.99 146 HSBC Operational Services GmbH n/a 7, 147 HSBC Overseas Holdings (UK) Limited 100.00 2, 19 HSBC Overseas Investments Corporation (New York) 100.00 149 HSBC Overseas Nominee (UK) Limited 100.00 19 HSBC Participaciones (Argentina) S.A. 100.00 (99.99) 67 HSBC PB Corporate Services 1 Limited 100.00 150 HSBC PB Services (Suisse) SA 100.00 151 HSBC Pension Trust (Ireland) DAC 100.00 121 HSBC Pensiones, S.A. 99.99 152 HSBC PI Holdings (Mauritius) Limited 100.00 122 HSBC Portfoy Yonetimi A.S. 100.00 (99.98) 153 HSBC Preferential LP (UK) 100.00 19 HSBC Private Bank (C.I.) Limited 100.00 22 HSBC Private Bank (Luxembourg) S.A. 100.00 136 HSBC Private Bank (Monaco) SA 99.99 4, 155 HSBC Private Bank (Suisse) SA 100.00 151 HSBC Private Bank (UK) Limited 100.00 19 Subsidiaries % of share class held by immediate parent company (or by the Group where this varies) Footnotes HSBC Private Bank International 100.00 156 HSBC Private Banking Holdings (Suisse) SA 100.00 151 HSBC Private Banking Nominee 3 (Jersey) Limited 100.00 150 HSBC Private Equity Advisors LLC n/a 7, 29 HSBC Private Equity Investments (UK) Limited 100.00 19 HSBC Private Trustee (Hong Kong) Limited 100.00 68 HSBC Private Wealth Services (Canada) Inc. 100.00 3, 157 HSBC Professional Services (India) Private Limited 98.61 65 HSBC Property (UK) Limited 100.00 19 HSBC Property Funds (Holding) Limited 100.00 19 HSBC Provident Fund Trustee (Hong Kong) Limited 100.00 68 HSBC Qianhai Securities Limited 100.00 (51.00) 12, 158 HSBC Rail (UK) Limited (in liquidation) 100.00 19 HSBC Real Estate Leasing (France) 99.00 4, 46 HSBC Realty Credit Corporation (USA) 100.00 3, 29 HSBC REIM (France) 100.00 (99.99) 4, 46 HSBC Representative Office (Nigeria) Limited 100.00 159 HSBC Retirement Benefits Trustee (UK) Limited 100.00 1, 2, 19 HSBC Retirement Services Limited 100.00 1, 19 HSBC Savings Bank (Philippines) Inc. 99.99 161 HSBC Securities (Asia) Limited 100.00 68 HSBC Securities (Canada) Inc. 100.00 119 HSBC Securities (Egypt) S.A.E. 100.00 (94.54) 80 HSBC Securities (Japan) Limited 100.00 19 HSBC Securities (Philippines) Inc. 99.99 1, 162 HSBC Securities (Singapore) Pte Limited 100.00 63 HSBC Securities (South Africa) (Pty) Limited 100.00 163 HSBC Securities (Taiwan) Corporation Limited 100.00 164 HSBC Securities (USA) Inc. 100.00 29 HSBC Securities and Capital Markets (India) Private Limited 99.99 5, 65 HSBC Securities Asia International Nominees Limited 100.00 165 HSBC Securities Asia Nominees Limited 100.00 68 HSBC Securities Brokers (Asia) Limited 100.00 68 HSBC Securities Investments (Asia) Limited 100.00 68 HSBC Securities Services (Bermuda) Limited 100.00 23 HSBC Securities Services (Guernsey) Limited 100.00 22 HSBC Securities Services (Ireland) DAC 100.00 121 HSBC Securities Services (Luxembourg) S.A. 100.00 136 HSBC Securities Services Holding Limited 100.00 131 HSBC Securities Services Holdings (Ireland) DAC 100.00 121 HSBC Seguros de Retiro (Argentina) S.A. 100.00 (99.99) 67 HSBC Seguros de Vida (Argentina) S.A. 100.00 (99.99) 67 HSBC Seguros, S.A de C.V., Grupo Financiero HSBC 99.99 3, 152 HSBC Service Delivery (Polska) Sp. z o.o. 100.00 167 HSBC Services (France) 99.99 4, 42 HSBC Services Japan Limited 100.00 168 HSBC Services USA Inc. 100.00 169 HSBC Servicios Financieros, S.A. de C.V 99.99 18 HSBC Servicios, S.A. DE C.V., Grupo Financiero HSBC 99.99 18 HSBC SFH (France) 99.99 4, 46 HSBC Software Development (Canada) Inc 100.00 170 HSBC Software Development (Guangdong) Limited 100.00 12, 171 HSBC Software Development (India) Private Limited 100.00 172 HSBC Software Development (Malaysia) Sdn Bhd 100.00 97 HSBC Specialist Investments Limited 100.00 5, 19 HSBC Stockbrokers Nominee (UK) Limited 100.00 19 HSBC Technology & Services (China) Limited 100.00 12, 173 Subsidiaries % of share class held by immediate parent company (or by the Group where this varies) Footnotes HSBC Technology & Services (USA) Inc. 100.00 29 HSBC Transaction Services GmbH 100.00 (80.67) 6, 174 HSBC Trinkaus & Burkhardt (International) S.A. 100.00 (80.67) 136 HSBC Trinkaus & Burkhardt AG 80.67 14, 50 HSBC Trinkaus & Burkhardt Gesellschaft fur Bankbeteiligungen mbH 100.00 (80.67) 50 HSBC Trinkaus Europa Immobilien-Fonds Nr. 5 GmbH 100.00 (80.67) 50 HSBC Trinkaus Family Office GmbH 100.00 (80.67) 6, 50 HSBC Trinkaus Immobilien Beteiligungs KG 100.00 (80.67) 50 HSBC Trinkaus Real Estate GmbH 100.00 (80.67) 6, 50 HSBC Trust Company (Canada) 100.00 144 HSBC Trust Company (Delaware), National Association 100.00 175 HSBC Trust Company (UK) Limited 100.00 19 HSBC Trust Company AG 100.00 37 HSBC Trustee (C.I.) Limited 100.00 150 HSBC Trustee (Cayman) Limited 100.00 176 HSBC Trustee (Guernsey) Limited 100.00 22 HSBC Trustee (Hong Kong) Limited 100.00 68 HSBC Trustee (Mauritius) Limited (in liquidation) 100.00 177 HSBC Trustee (Singapore) Limited 100.00 63 HSBC UK Bank plc 100.00 178 HSBC UK Client Nominee Limited 100.00 19 HSBC UK Holdings Limited 100.00 2, 19 HSBC USA Inc. 100.00 3, 149 HSBC Violet Investments (Mauritius) Limited 100.00 94 HSBC Wealth Client Nominee Limited 100.00 19 HSBC Yatirim Menkul Degerler A.S. 99.98 153 HSI Asset Securitization Corporation 100.00 29 HSI International Limited 100.00 (62.14) 48 HSIL Investments Limited 100.00 19 Hubei Macheng HSBC Rural Bank Company Limited 100.00 12, 182 Hubei Suizhou Cengdu HSBC Rural Bank Company Limited 100.00 12, 183 Hubei Tianmen HSBC Rural Bank Company Limited 100.00 12, 184 Hunan Pingjiang HSBC Rural Bank Company Limited 100.00 12, 185 Imenson Limited 100.00 (62.14) 48 InfraRed NF China Real Estate Investments LP n/a 7, 53 INKA Internationale Kapitalanlagegesellschaft mbH 100.00 (80.67) 174 Inmobiliaria Banci, S.A. de C.V. 100.00 (98.91) 18 Inmobiliaria Bisa, S.A. de C.V. 100.00 (99.99) 18 Inmobiliaria Grufin, S.A. de C.V. 100.00 (99.99) 18 Inmobiliaria Guatusi, S.A. de C.V. 100.00 (99.99) 18 IRERE Property Investments (French Offices) Sarl (in liquidation) 100.00 186 James Capel & Co. Limited 100.00 19 James Capel (Channel Islands) Nominees Limited (in liquidation) 100.00 111 James Capel (Nominees) Limited 100.00 19 James Capel (Second Nominees) Limited (in liquidation) 100.00 36 James Capel (Taiwan) Nominees Limited 100.00 19 Jasmine22 Limited 100.00 187 John Lewis Financial Services Limited 100.00 19 Keyser Ullmann Limited 100.00 (99.99) 19 Kings Meadow Nominees Limited (in liquidation) 100.00 188 Legend Estates Limited (in liquidation) 100.00 19 Lion Corporate Services Limited 100.00 68 Lion International Corporate Services Limited 100.00 131 Lion International Management Limited 100.00 131 Lion Management (Hong Kong) Limited 100.00 68 Subsidiaries % of share class held by immediate parent company (or by the Group where this varies) Footnotes Lyndholme Limited 100.00 68 Marks and Spencer Financial Services plc 100.00 188 Marks and Spencer Retail Financial Services Holdings Limited (in liquidation) 100.00 188 Marks and Spencer Savings and Investments Limited 100.00 188 Marks and Spencer Unit Trust Management Limited 100.00 188 Maxima S.A. AFJP (in liquidation) 100.00 (99.98) 67 Mercantile Company Limited 100.00 19 Mexicana de Fomento, S.A. de C.V. 99.90 18 Midcorp Limited 100.00 19 Midland Bank (Branch Nominees) Limited 100.00 19 Midland Nominees Limited 100.00 19 MIL (Cayman) Limited 100.00 193 MIL (Jersey) Limited 100.00 150 MW Gestion SA 100.00 67 Promocion en Bienes Raices, S.A. de C.V. 99.99 (0.99) 3, 18 Prudential Client HSBC GIS Nominee (UK) Limited 100.00 19 PT Bank HSBC Indonesia 100.00 (98.93) 195 PT HSBC Sekuritas Indonesia 100.00 (85.00) 196 R/CLIP Corp. 100.00 29 Real Estate Collateral Management Company 100.00 29 Republic Nominees Limited 100.00 22 Republic Overseas Capital Corporation 100.00 117 RLUKREF Nominees (UK) One Limited 100.00 19 RLUKREF Nominees (UK) Two Limited 100.00 19 S.A.P.C. - Ufipro Recouvrement 99.97 11, 41 Saf Baiyun 100.00 (99.99) 4, 43 Saf Chang Jiang 100.00 (99.99) 4, 43 Saf Guangzhou 100.00 (99.99) 4, 43 Saf Zhu Jiang 100.00 (99.99) 4, 43 Saf Zhu Jiang Jiu 100.00 (99.99) 4, 43 Saf Zhu Jiang Shi Ba 100.00 (99.99) 4, 43 Saf Zhu Jiang Shi Er 100.00 (99.99) 4, 43 Saf Zhu Jiang Shi Jiu 100.00 (99.99) 4, 43 Saf Zhu Jiang Shi Liu 100.00 (99.99) 4, 43 Saf Zhu Jiang Shi Qi 100.00 (99.99) 4, 43 Saf Zhu Jiang Shi Wu 100.00 (99.99) 4, 43 SAS Bosquet -Audrain 100.00 (94.90) 4, 199 SAS Cyatheas Pasteur 100.00 (94.93) 4, 41 SAS Orona 100.00 (94.92) 1, 4, 200 SCI HSBC Assurances Immo 100.00 (99.99) 11, 46 SFM 99.99 4, 42 SFSS Nominees (Pty) Limited 100.00 163 Shandong Rongcheng HSBC Rural Bank Company Limited 100.00 12, 201 Sico Limited 100.00 202 SNC Dorique 100.00 (99.99) 1, 11, 203 SNC Kerouan 100.00 (99.99) 11, 43 SNC Les Mercuriales 100.00 (99.99) 1, 11, 43 SNC Les Oliviers D'Antibes 60.00 11, 46 SNC Makala 100.00 (99.99) 1, 11, 43 SNC Nuku-Hiva Bail 100.00 (99.99) 1, 11, 43 SNCB/M6 - 2008 A 100.00 (99.99) 1, 4, 43 SNCB/M6-2007 A 100.00 (99.99) 1, 4, 43 SNCB/M6-2007 B 100.00 (99.99) 1, 4, 43 Societe CCF Finance Moyen-Orient S.A.L. (in liquidation) 99.64 (99.08) 1, 32 Société Française et Suisse 100.00 (99.99) 4, 43 Societe Immobiliere Atlas S.A. (in liquidation) 100.00 151 Somers Dublin DAC 100.00 (99.99) 121 Somers Nominees (Far East) Limited 100.00 23 Sopingest 100.00 (99.99) 4, 43 South Yorkshire Light Rail Limited 100.00 19 St Cross Trustees Limited 100.00 19 Subsidiaries % of share class held by immediate parent company (or by the Group where this varies) Footnotes Sun Hung Kai Development (Lujiazui III) Limited 100.00 12, 206 Swan National Leasing (Commercials) Limited 100.00 19 Swan National Limited 100.00 19 Thasosfin 100.00 (99.99) 4, 46 The Hongkong and Shanghai Banking Corporation Limited 100.00 68 The Venture Catalysts Limited 100.00 19 Timberlink Settlement Services (USA) Inc. 100.00 29 Tooley Street View Limited 100.00 1, 2, 19 Tower Investment Management 100.00 207 Trinkaus Australien Immobilien Fonds Nr. 1 Brisbane GmbH & Co. KG 100.00 (80.67) 50 Trinkaus Australien Immobilien-Fonds Nr. 1 Treuhand-GmbH 100.00 (80.67) 6, 50 Trinkaus Europa Immobilien-Fonds Nr.3 Objekt Utrecht Verwaltungs-GmbH 100.00 (80.67) 50 Trinkaus Immobilien-Fonds Geschaeftsfuehrungs-GmbH 100.00 (80.67) 6, 50 Trinkaus Immobilien-Fonds Verwaltungs-GmbH 100.00 (80.67) 6, 50 Trinkaus Private Equity Management GmbH 100.00 (80.67) 50 Trinkaus Private Equity Verwaltungs GmbH 100.00 (80.67) 6, 50 Tropical Nominees Limited 100.00 193 Turnsonic (Nominees) Limited 100.00 19 Vadep Holding AG (in liquidation) 100.00 209 Valeurs Mobilières Elysées 100.00 (99.99) 4, 52 Wardley Limited 100.00 68 Wayfoong Credit Limited (in liquidation) 100.00 68 Wayfoong Finance Limited (in liquidation) 100.00 68 Wayfoong Nominees Limited 100.00 68 Wayhong (Bahamas) Limited 100.00 118 Westminster House, LLC n/a 7, 29 Woodex Limited 100.00 23 Yan Nin Development Company Limited 100.00 (62.14) 48 |
Disclosure of interests in joint arrangements | Movements in interests in associates and joint ventures 2018 2017 Footnotes $m $m As at 31 Dec 2017 22,744 20,029 Impact on transition to IFRS 9 (942 ) N/A At 1 Jan 21,802 20,029 Additions 81 60 Disposals (85 ) (67 ) Share of results 2,536 2,375 Dividends (910 ) (740 ) Exchange differences (1,018 ) 1,144 Share of other comprehensive income of associates and joint ventures (64 ) (43 ) Other movements 65 (14 ) At 31 Dec 1 22,407 22,744 1 Includes goodwill of $511m (2017: $521m ). Joint ventures The undertakings below are joint ventures and equity accounted. Joint ventures % of share class held by immediate parent company (or by the Group where this varies) Footnotes HCM Holdings Limited 50.99 36 House Network Sdn Bhd 25.00 15 HSBC Jintrust Fund Management Company Limited 49.00 12, 93 HSBC Saudi Arabia 49.00 (69.40) 191 ProServe Bermuda Limited 50.00 107 Sino AG 24.94 (20.11) 208 The London Silver Market Fixing Limited n/a 1, 7, 180 Vaultex UK Limited 50.00 109 |
Disclosure of interests in associates | Principal associates of HSBC 2018 2017 Carrying Fair 1 Carrying Fair 1 $m $m $m $m Bank of Communications Co., Limited 17,754 10,991 18,057 10,491 The Saudi British Bank 3,557 5,222 3,618 4,320 1 Principal associates are listed on recognised stock exchanges. The fair values are based on the quoted market prices of the shares held (Level 1 in the fair value hierarchy). At 31 Dec 2018 Footnotes Country of incorporation and principal place of business Principal activity HSBC’s interest % Bank of Communications Co., Limited People’s Republic of China Banking services 19.03 The Saudi British Bank 1 Saudi Arabia Banking services 40.00 1 In 2018, The Saudi British Bank announced a merger agreement with Alawwal Bank in Saudi Arabia. The merger, subject to shareholder and regulatory approval, is expected to be completed in 2019 and would dilute HSBC’s shareholding in the merged bank from 40% to 29.2% . At 31 Dec 2018 At 31 Dec 2017 VIU Carrying value Fair VIU Carrying value Fair $bn $bn $bn $bn $bn $bn Bank of Communications Co., Limited 18.0 17.8 11.0 18.3 18.1 10.5 Selected balance sheet information of BoCom At 30 Sep 2018 2017 Footnotes $m $m Cash and balances at central banks 125,414 146,029 Loans and advances to banks and other financial institutions 102,980 120,403 Loans and advances to customers 686,951 662,706 Other financial assets 408,136 386,067 Other assets 42,106 58,202 Total assets 1,365,587 1,373,407 Deposits by banks and other financial institutions 304,395 366,993 Customer accounts 829,539 747,882 Other financial liabilities 94,900 123,751 Other liabilities 36,332 32,568 Total liabilities 1,265,166 1,271,194 Total equity 1 100,421 102,213 1 Due to the adoption of IFRS9, the opening equity of BoCom at 1 January 2018 was reduced by $4,053m . Selected income statement information of BoCom For the 12 months ended 30 Sep 2018 2017 $m $m Net interest income 19,295 19,080 Net fee and commission income 6,245 5,698 Change in expected credit losses/loan impairment charges (5,602 ) (4,286 ) Depreciation and amortisation (767 ) (1,342 ) Tax expense (1,554 ) (2,234 ) Profit for the year 11,116 10,288 Other comprehensive income 190 (624 ) Total comprehensive income 11,306 9,664 Dividends received from BoCom 611 565 Movements in interests in associates and joint ventures 2018 2017 Footnotes $m $m As at 31 Dec 2017 22,744 20,029 Impact on transition to IFRS 9 (942 ) N/A At 1 Jan 21,802 20,029 Additions 81 60 Disposals (85 ) (67 ) Share of results 2,536 2,375 Dividends (910 ) (740 ) Exchange differences (1,018 ) 1,144 Share of other comprehensive income of associates and joint ventures (64 ) (43 ) Other movements 65 (14 ) At 31 Dec 1 22,407 22,744 1 Includes goodwill of $511m (2017: $521m ). Associates The undertakings below are associates and equity accounted. Associates % of share class held by immediate parent company (or by the Group where this varies) Footnotes Bank of Communications Co., Ltd. 19.03 9, 126 Barrowgate Limited 24.64 137 BGF Group PLC 24.48 140 Bud Financial Limited 8.02 3, 9, 17 Canara HSBC Oriental Bank of Commerce Life Insurance Company Limited 26.00 148 CFAC Payment Scheme Limited 33.33 1, 3, 154 Chemi & Cotex (Rwanda) Limited 99.98 (33.99) 1, 160 Chemi & Cotex Kenya Limited 99.99 (33.99) 1, 166 Chemi and Cotex Industries Limited 100.00 (33.99) 1 , 179 EPS Company (Hong Kong) Limited 40.58 68 GZHS Research Co Ltd 33.00 (20.50) 1, 12, 181 HSBC Mortgage Limited Liability Partnership (in liquidation) n/a 7, 190 Icon Brickell LLC (in liquidation) n/a 7,192 Jeppe Star Limited 100.00 (33.99) 123 MENA Infrastructure Fund (GP) Ltd 33.33 142 Northstar Trade Finance Inc. 20.08 197 Novo Star Limited 33.99 198 PEF 2005 (A) Limited Partnership n/a 7, 57 PEF 2005 (D) Limited Partnership n/a 7, 57 PEF 2010 (A) Limited Partnership n/a 7, 57 Peregrine Capital (India) Private Limited 33.46 91 Prisma Medios de Pago S.A. 7.06 1, 205 Quantexa Limited 10.51 9, 204 Services Epargne Entreprise 14.35 4, 9, 59 The London Gold Market Fixing Limited n/a 1, 7, 180 The Saudi British Bank 40.00 194 Vizolution Limited 17.95 9, 123 We Trade Innovation Designated Activity Company 8.52 9, 84 |
Disclosure of description of shares from interests in subsidiaries, joint arrangements, and associates | Footnotes for Note 39 1 Management has determined that these undertakings are excluded from consolidation in the Group accounts as these entities do not meet the definition of subsidiaries in accordance with IFRS. HSBC’s consolidation policy is described in Note 1.2(a). 2 Directly held by HSBC Holdings plc Description of shares 3 Preference Shares 4 Actions 5 Redeemable Preference Shares 6 GmbH Anteil 7 This undertaking is a partnership and does not have share capital 8 Liquidating Share Class 9 HSBC Holdings plc exercises control or significant influence over this undertaking notwithstanding its equity interest 10 Non-Participating Voting Shares 11 Parts 12 Registered Capital Shares 13 Russian Limited Liability Company Shares 14 Stückaktien |
Disclosure of registered offices from interests in subsidiaries, joint arrangements, and associates | Registered offices 15 Lot 6.05, Level 6, KPMG Tower 8 First Avenue, Bandar Utama Petaling Jaya Selangor, Darul Ehsan, Malaysia 47800 16 Level 36 Tower 1 International Towers Sydney, 100 Barangaroo Avenue, Sydney, New South Wales, Australia, 2000 17 First Floor The Bower, 207 Old Street, London, England, EC1V 9NR 18 Paseo de la Reforma 347, Col. Cuauhtemoc, Mexico, 06500 19 8 Canada Square, London, United Kingdom, E14 5HQ 20 5 Donegal Square South, Belfast, Northern Ireland, BT1 5JP Registered offices 21 Camden House West, The Parade, Birmingham, United Kingdom, B1 3PY 22 Arnold House St Julians Avenue, St Peter Port, Guernsey, GY1 3NF 23 37 Front Street, Hamilton, Bermuda, HM 11 24 PO Box 513, Strathvale House, Ground Floor, 90 North Church Street, George Town, Grand Cayman, Cayman Islands, KY1-1106 25 HSBC Main Building, 1 Queen's Road Central, Hong Kong 26 First Floor, Xinhua Bookstore Xindong Road (SE of roundabout), Miyun District, Beijing, China 27 95 Washington Street, Buffalo, New York, United States Of America, 14203 28 1209 Orange Street, Wilmington, Delaware, United States Of America, 19801 29 c/o The Corporation Trust Company, 1209 Orange Street, Wilmington, Delaware, United States Of America, 19801 30 Corporation Service Company, 251 Little Falls Drive, Wilmington, Delaware, United States Of America, 19808 31 Unsoeldstrasse 2, Munich, Germany, 80538 32 Solidere - Rue Saad Zaghloul Immeuble - 170 Marfaa, PO Box 17 5476 Mar Michael 11042040, Beyrouth, Lebanon 33 No 1, Bei Huan East Road Dazu County, Chongqing, China 34 No 107, Ping Du Avenue (E), Sanhe Town, Fengdu County, Chongqing, China 35 No. 3, 5, 7, Haitang Erzhi Road, Changyuan, Rongchang, Chongqing, China, 402460 36 Hill House, 1 Little New Street, London, United Kingdom, EC4A 3TR 37 Bederstrasse 49, Zurich, Switzerland, CH-8002 38 Rawlinson and Hunter Limited, Woodbourne Hall, PO Box 3162, Road Town, Tortola, British Virgin Islands, VG1110 39 First & Second Floor, No.3 Nanshan Road, Pulandian, Dalian, Liaoning, China 40 CT Corporation System, 225 Hillsborough Street, Raleigh, North Carolina, United States Of America, 27603 41 39, rue de Bassano, Paris, France, 75008 42 103, avenue des Champs-Elysées, Paris, France, 75008 43 64, rue Galilée, Paris, France, 75008 44 MMG Tower, 23 floor, Ave. Paseo del Mar, Urbanizacion Costa del Este, Panama 45 Walkers Corporate Services Limited, Walker House, 87 Mary Street, George Town, Grand Cayman KY1-9005, Cayman Islands 46 15, rue Vernet, Paris, France, 75008 47 No. 1 1211 Yanjiang Zhong Road, Yongan, Fujian, China 48 83 Des Voeux Road Central, Hong Kong 49 c/o Maples Corporate Services Limited, Ugland House, PO Box 309, Grand Cayman, KY1-1104, Cayman Islands 50 Königsallee 21/23, Düsseldorf, Germany, 40212 51 No. 44, Xin Ping Road Central, Encheng, Enping, Guangdong, China, 529400 52 109 avenue des Champs-Elysees, Paris, France, 75008 53 Regency Court, Glategny Esplanade, St. Peter Port, Guernsey GY1 1WW 54 34/F and 36/F, Hang Seng Bank Tower, 1000 Lujiazui Ring Road,, China (Shanghai) Pilot Free Trade Zone,, Shanghai, China, 200120 55 11-17 Ludwig-Erhard-Str., Hamburg, Germany, 20459 56 Commerce House, Wickhams Cay 1, P.O. Box 3140, Road Town, Tortola, Tortola, British Virgin Islands 57 Suite 1020, 885 West Georgia Street, Vancouver, BC, V6C 3E8 58 The Corporation Trust Company of Nevada 311 S. Division Street, Carson City, Nevada, United States Of America, 89703 59 32 Rue du Champ de Tir, 44300 Nantes 60 HSBC House Esplanade, St. Helier, Jersey, JE4 8UB 61 10th Floor, North Tower 2 Leboh Ampang, Kuala Lumpur, Malaysia, 50100 62 13th Floor, South Tower 2 Leboh Ampang, Kuala Lumpur, Malaysia, 50100 63 21 Collyer Quay, #13-02 HSBC Building, Singapore, 049320 64 Bouchard 557, Piso 18°, Cdad. Autónoma de Buenos Aires, Argentina, 1106 65 52/60 M G Road, Fort, Mumbai, India, 400 001 66 PO Box 513 HSBC House, 68 West Bay Road, George Town, Grand Cayman, Cayman Islands, KY1-1102 67 557 Bouchard, Level 22, Ciudad de Buenos Aires, Capital federal, Argentina, C1106ABG 68 1 Queen's Road Central, Hong Kong 69 3rd Floor, Merchantile Bank Chamber 16, Veer Nariman Road, Fort, Mumbai, India, 400001 Registered offices 70 Isidora Goyenechea 2800, 23rd floor, Las Condes, Santiago, Chile, 7550647 71 HSBC Building Shanghai ifc, 8 Century Avenue, Pudong, Shanghai, China, 200120 72 6th floor, HSBC Centre, 18, Cybercity, Ebene, Mauritius 73 2 Paveletskaya square, building 2, Moscow, Russian Federation, 115054 74 13F-14F, 333 Keelung Road, Sec.1, Taipei, 110 75 25 de Mayo 471, Montevideo, Uruguay, 11000 76 The Metropolitan 235 Dong Khoi Street, District 1, Ho Chi Minh City, Viet Nam 77 Esentepe mah. Büyükdere Caddesi, No.128 Istanbul 34394, Turkey 78 66 Teryan Street, Yerevan, Armenia, 0009 79 885 West Georgia Street, 3rd Floor, Vancouver, British Columbia, Canada, V6C 3E9 80 306 Corniche El Nil, Maadi, Egypt, 11728 81 116 Archbishop Street, Valletta, Malta 82 Level 1, Building No. 8, Gate Village Dubai International Financial Centre, PO Box 502601, United Arab Emirates 83 Tour Crystal 1 10EME Etage BD Al Mohades 20000, Morocco 84 10 Earlsfort Terrace, Dublin, Ireland D02 T380 85 HSBC House Esplanade, St. Helier, Jersey, JE1 1HS 86 Al Khuwair Office, PO Box 1727 PC111 CPO Seeb, Muscat, Oman 87 Rondo ONZ 1, Warsaw, Poland, 00-124 88 1800 Tysons Corner, Boulevard Suite 50, Tysons Corner, Virginia, United States Of America, 22102 89 Rua Funchal, nº 160, SP Corporate Towers, Torre Norte, 19° andar, cj 191A - Parte, São Paulo, Brazil, 04551-060 90 66 Wellington Street West, Suite 5300, Toronto, Ontario, Canada, M5K 1E6 91 Rahejas, 4th Floor, Corner of Main Avenue & V.P. Road, Santacruz (West), Mumbai - 400054 92 90 North Church Street, Strathvale House - Ground Floor, PO Box 1109, George Town, Grand Cayman, Grand Cayman, Cayman Islands, KY1-1102 93 17F, HSBC Building, Shanghai ifc 8 Century Avenue, Pudong, Shanghai, China 94 c/o Rogers Capital, St. Louis Business Centre, Cnr Desroches & St Louis Streets, Port Louis, Mauritius 95 49 avenue J.F. Kennedy, Luxembourg, Luxembourg, 1855 96 4-17/F, Office Tower 2 TaiKoo Hui, No. 381 Tian He Road, Tian He District, Guangzhou, Guangdong, China 97 Suite 1005, 10th Floor, Wisma Hamzah Kwong Hing No. 1, Leboh Ampang, Kuala Lumpur, Malaysia, 50100 98 HSBC, Filinvest One Bldg, Northgate Cyberzone, Filinvest Corporate City, Alabang, Muntinlupa City, Philippines 99 HSBC House, Plot No.8, Survey No.64 (Part), Hightec City Layout Madhapur, Hyderabad, India, 500081 100 439, Sri Jayawardenapura Mawatha Welikada, Rajagiriya, Colombo, Sri Lanka 101 Smart Village 28th Km Cairo- Alexandria Desert Road Building, Cairo, Egypt 102 HSBC Chambers, Corner of Jalan Sultan / Jalan Pemancha , Bandar Seri Begawan, Brunei Darussalam, BS8811 103 Suite 300, 3381 Steeles Avenue East, Toronto, Ontario, Canada, M2H 3S7 104 Centre Ville 1341 Building - 4th Floor Patriarche Howayek Street (facing Beirut Souks), PO Box Riad El Solh, Lebanon, 9597 105 First Floor, Building No. 5, Emaar Square, P.O. Box 502601, Dubai, Dubai, United Arab Emirates, 00000 106 World Trade Center Montevideo Avenida Luis Alberto de Herrera 1248, Torre 1, Piso 15, Oficina 1502, Montevideo, Uruguay, CP 11300 107 c/o MUFG Fund Services (Bermuda) Limited, The Belvedere Building, 69 Pitts Bay Road, Pembroke, Bermuda, HM08 108 Level 12, HSBC Building 37, Chilpae-ro, Jung-gu, Seoul, Korea, Republic Of (South) 109 All Saints Triangle, Caledonian Road, London, United Kingdom, N19UT 110 Immeuble Coeur Défense 110, Esplanade du Général de Gaulle- La défense 4, Courbevoie, France, 92400 111 HSBC House Esplanade, St. Helier, Jersey, JE4 8WP 112 HSBC Building 11-1, Nihonbashi 3-chome, Chuo-ku, Tokyo, Japan, 103-0027 113 80 Mill Street, Qormi, Malta, QRM 3101 114 Herrengasse 1-3, Wien, Austria, 1010 115 Gartenstrasse 26, Zurich, Switzerland Registered offices 116 24th Fl., 97-99, Sec.2, Tunhwa S. Rd., Taipei, Taiwan, R.O.C., Taiwan 117 452 Fifth Avenue, New York NY10018, United States Of America 118 Mareva House, 4 George Street, Nassau, Bahamas 119 70 York Street, Toronto, Ontario, Canada, M5H 1S9 120 Breite Str. 29/31, Düsseldorf, Germany, 40213 121 1 Grand Canal Square, Grand Canal Harbour, Dublin 2, D02 P820, Ireland 122 HSBC Centre Eighteen, Cybercity, Ebene, Mauritius 123 Office Block A, Bay Studios Business Park, Fabian Way, Swansea, United Kingdom, SA1 8QB 124 18th Floor, Tower 1, HSBC Centre, 1 Sham Mong Road, Kowloon, Hong Kong 125 Level 32, HSBC Main Building, 1 Queen's Road Central, Hong Kong SAR, Hong Kong 126 No.188, Yin Cheng Zhong Road China (Shanghai) Pilot Free Trade Zone, Shanghai, China 127 7/F HSBC Centre 3058 Fifth Ave West, Bonifacio Global City, Taguig City, Philippines 128 1 More London Place, London, United Kingdom, SE1 2AF 129 HSBC Building Minet El Hosn, Riad el Solh, Beirut 1107-2080, PO Box 11-1380, Lebanon 130 300 Delaware Avenue Suite 1400, Wilmington, Delaware, United States Of America, 19801 131 Craigmuir Chambers, PO Box 71, Road Town, Tortola, British Virgin Islands 132 Woodbourne Hall, Road Town PO Box 916, Tortola, British Virgin Islands 133 9-11 Floors, NESCO IT Park Building No. 3 Western Express Highway, Goregaon (East), Mumbai, India, 400063 134 3, Aboul Feda Street, Zamalek, Cairo, Egypt 135 300 - 885 West Georgia Street, Vancouver, British Columbia, Canada, V6C 3E9 136 16 Boulevard d'Avranches, Luxembourg, L-1160 137 49/F, The Lee Gardens, 33 Hysan Avenue, Hong Kong 138 21 Farncombe Rd, Worthing, Sussex, BN11 2BW 139 c/o Kross Border Trust Services Limited St. Louis Business Centre, Cnr Desroches & St Louis Streets, Port Louis, Mauritius 140 13 - 15 York Buildings, London, United Kingdom, WC2N 6JU 141 Plot No.312-878 Mezzanine Floor, Bldg. of Sheikh Hamdan Bin Rashid, Dubai Creek, Dubai, United Arab Emirates 142 Precinct Building 4, Level 3 Dubai International Financial Centre, Dubai, United Arab Emirates, PO BOX 506553 143 HSBC Bank Middle East Building - Level 5, building 5, Emaar, Dubai, United Arab Emirates, 502601 144 885 West Georgia Street Suite 300, Vancouver, British Columbia, Canada, V6C 3E9 145 HSBC House, Level 9, One Queen Street, Auckland, New Zealand, 1010 146 Büyükdere Cad. No.122 D Blok Esentepe Sisli Istanbul, Turkey 147 21-23 Yorckstraße, Düsseldorf, Nordrhein-Westfalen, Germany, 40476 148 Unit No. 208, 2nd Floor, Kanchenjunga Building 18 Barakhamba Road, New Delhi - 110001, India 149 The Corporation Trust Incorporated, 2405 York Road, Suite 201, Lutherville Timonium, Maryland, United States Of America, 21093 150 HSBC House Esplanade, St. Helier, Jersey, JE1 1GT 151 Quai des Bergues 9-17, Geneva, Switzerland, 1201 152 Paseo de la Reforma 359, 6th Floor, Mexico, 06500 153 Büyükdere Cad. No.128 D Blok Esentepe Sisli Istanbul, Turkey 154 6th Floor, 65 Gresham Street, London, United Kingdom, EC2V 7NQ 155 17, avenue d'Ostende, Monaco, 98000 156 1441 Brickell Avenue, Miami, Florida, United States Of America, 33131 157 2910 Virtual Way, Vancouver, British Columbia, Canada, V5M 0B2 158 Block 27 A&B, Qianhai Enterprise Dream Park No. 63 Qianwan Yi Road, Shenzhen-Hong Kong Cooperation Zone, Shenzhen, China, 518052 159 St Nicholas House, 10th Floor Catholic Mission St Lagos, Nigeria 160 Kacyiru BP 3094, Kigali, Rwanda 161 Unit 1 GF The Commercial Complex, Madrigal Avenue, Ayala Alabang Village, Muntinlupa City, Philippines, 1770 162 7/F The Enterprise Centre - Tower I, 6766 Ayala Avenue corner Paseo De Roxas, Makati City, Philippines 163 2 Exchange Square, 85 Maude Street, Sandown, Sandton, South Africa, 2196 164 13F 333 Keelung Road, Sec.1, Taipei, Taiwan, 110 165 Palm Grove House PO Box 438, Road Town, Tortola, British Virgin Islands Registered offices 166 R No. 1758/13 Grevella Grove Road, Kalamu House PO Box 47323-00100, Nairobi, Kenya 167 Kapelanka 42A, Krakow, Poland, 30-347 168 MB&H Corporate Services Ltd, Mareva House, 4 George Street, Nassau, Bahamas 169 The Corporation Trust Company, 820 Bear Tavern Road, West Trenton, New Jersey, United States Of America, 08628 170 Suite 2400, 745 Thurlow Street, Vancouver, Canada, BC V6E 0C5 171 L22, Office Tower 2, Taikoo Hui, 381 Tianhe Road, Tianhe District, Guangzhou, Guangdong, Guangdong, China 172 HSBC Centre River Side, West Avenue, 25B Raheja woods, Kalyaninagar, Pune, India, 411006 173 Level 19, HSBC Building, Shanghai ifc 8 Century Avenue Pudong, Shanghai, China 174 Yorckstraße 21 - 23 40476, Duesseldorf, Germany 175 300 Delaware Avenue, Suite 1401, Wilmington, Delaware, United States Of America, 19801 176 PO Box 484, Strathvale House, Ground Floor, 90 North Church Street, George Town, Grand Cayman, Cayman Islands, KY1-1106 177 c/o HSBC Bank (Mauritius) Limited, 6th Floor, HSBC Centre, 18 Cyber City, Ebene, Mauritius 178 1 Centenary Square, Birmingham, United Kingdom, B1 1HQ 179 Plot No. 89-90 Mbezi Industrial Area Box 347, Dar es Salaam City 180 c/o Hackwood Secretaries Limited, One Silk Street, London, United Kingdom, EC2Y 8HQ 181 Room 1303, 106 Feng Ze Dong Road, Nansha District, Guangzhou, Guangdong, China 182 No. 56, Yu Rong Street, Macheng, China, 438300 183 No. 205, Lie Shan Road Suizhou, Hubei, China 184 Building 3, Yin Zuo Di Jing Wan Tianmen New City, Tianmen, Hubei Province, China 185 RM101, 102 & 106 Sunshine Fairview, Sunshine Garden, Pedestrian Walkway, Pingjiang, China 186 6, rue Adolphe, Luxembourg, L-1116 187 1 Queen's Road Central, Hong Kong 188 Kings Meadow Chester Business Park, Chester, United Kingdom, CH99 9FB 189 2-3/F, Unit 21A, Qianhai Enterprise Dream Park, No. 63 Qian Wan Yi Road,, Qianhai Shenzhen-Hongkong Cooperation Zone, Shenzhen, China 190 40a Station Road, Upminster, United Kingdom, RM14 2TR 191 HSBC Building 7267 Olaya - Al Murrooj, Riyadh, Saudi Arabia, 12283 - 2255 192 C T Corporation System, 1200 South Pine Island Road, Plantation, Florida, United States Of America, 33324 193 PO Box 1109, Strathvale House, 90 North Church Street, George Town, Grand Cayman, Cayman Islands 194 Al Amir Abdulaziz Ibn Mossaad Ibn Jalawi Street, Riyadh, Saudi Arabia 195 World Trade Center 1, Floor 8-9 Jalan Jenderal Sudirman Kavling 29 - 31, Jakarta, Indonesia, 12920 196 5th Floor, World Trade Center, J1, Jend. Sudirman Kav. 29-31, Jakarta, Indonesia, 12920 197 833 Three Bentall Centre, 595 Burrard Street, Vancouver, British Columbia, Canada, V7X 1C4 198 Jayla Place Wickhams Cay I, PO Box 3190, Road Town, British Virgin Islands 199 15 rue Guynemer BP 412, Noumea, 98845 200 10, rue Jean Jaurès BP Q5, Noumea, New Caledonia, 98845 201 No.198-2, Chengshan Avenue (E), Rongcheng, China, 264300 202 Woodbourne Hall, Road Town PO Box 3162, Tortola, British Virgin Islands 203 43 rue de Paris, Saint Denis, 97400 204 75 Park Lane, Croydon, Surrey, United Kingdom, CR9 1XS 205 Avda. Corrientes 1437, 2° y 3° piso Ciudad Autonoma de Buenos Aires Argentina C1042AAA 206 RM 2112, HSBC Building, Shanghai ifc No. 8 Century Road, Pudong, Shanghai, China, 200120 207 11 Dr. Roy’s Drive PO Box 694GT, Grand Cayman, Cayman Islands, KY1-1107 208 Ernst-Schneider-Platz 1, Duesseldorf, Germany, 40212 209 Philippe Kaiser Baarerstrasse 8, Zug, Switzerland, 6300 210 1 Royal Plaza, Royal Avenue, St Peter Port, Guernsey, Channel Islands, GY1 2HL |
Strategic Report (Tables)
Strategic Report (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Disclosure Of Information Included In The Strategic Report [Abstract] | |
Disclosure of operating segments | Retail Banking and Wealth Management (‘RBWM’) Commercial Banking (‘CMB’) Global Banking and Markets (‘GB&M’) Global Private Banking (‘GPB’) We help 38 million customers across the world to manage their finances, buy their homes, and save and invest for the future. Our HSBC Premier and Advance propositions are aimed at mass affluent and emerging affluent customers who value international connectivity. For customers with simpler banking needs, we offer a full range of products and services reflecting local requirements. We support approximately 1.5 million business customers in 53 countries and territories, ranging from small enterprises focused primarily on their domestic markets, through to large companies operating globally. Our services include working capital, term loans, payment services and international trade facilitation, as well as expertise in mergers and acquisitions, and access to financial markets. We serve approximately 4,100 clients in more than 50 countries and territories. We support major government, corporate and institutional clients worldwide. Our product specialists continue to deliver a comprehensive range of transaction banking, financing, advisory, capital markets and risk management services. We serve high net worth and ultra high net worth individuals and families, including those with international banking needs. Services provided include Investment Management, which includes advisory and brokerage services, and Private Wealth Solutions, which comprises trusts and estate planning, to protect and preserve wealth for future generations. Adjusted profit before tax < > (2017: $6.5bn) (2017: $6.8bn) (2017: $5.8bn) (2017: $0.3bn) $7.1bn $7.7bn $6.1bn $0.3bn Adjusted risk-weighted assets < > (31 Dec 2017: $118.1bn) (31 Dec 2017: $289.8bn) (31 Dec 2017: $293.2bn) (31 Dec 2017: $15.8bn) $126.9bn $321.2bn $281.0bn $16.8bn < > Our global businesses are presented on an adjusted basis, which is consistent with the way in which we assess the performance of our global businesses. Delivery against Group financial targets Return on tangible equity < > 8.6% Target: >11% by 2020 Adjusted jaws < > (1.2)% Target: positive Dividends per ordinary share in respect of 2018 $0.51 Target: sustain (2017: 6.8%) Ñ For further details, see page 17 . Management view of adjusted revenue<> Footnotes 2018 2017 $m 2016 $m 2018 vs 2017 $m % Retail Banking 15,262 13,456 12,690 1,806 13 Current accounts, savings and deposits 8,534 6,296 5,186 2,238 36 Personal lending 6,728 7,160 7,504 (432 ) (6 ) – mortgages 1,937 2,372 2,585 (435 ) (18 ) – credit cards 2,880 2,886 3,018 (6 ) — – other personal lending 23 1,911 1,902 1,901 9 — Wealth Management 6,104 6,215 5,230 (111 ) (2 ) – investment distribution 24 3,383 3,279 2,902 104 3 – life insurance manufacturing 1,656 1,870 1,362 (214 ) (11 ) – asset management 1,065 1,066 966 (1 ) — Other 25 569 549 563 20 4 Net operating income 26 21,935 20,220 18,483 1,715 8 Adjusted RoRWA (%) 27 5.8 5.6 4.7 RoTE excluding significant items and UK bank levy (%) 21.0 21.6 16.3 Ñ For footnotes, see page 89 . Management view of adjusted revenue<> Footnotes 2018 2017 $m 2016 $m 2018 vs 2017 $m % Global Trade and Receivables Finance 1,865 1,821 1,833 44 2 Credit and Lending 5,342 5,101 5,053 241 5 Global Liquidity and Cash Management 5,802 4,775 4,249 1,027 22 Markets products, Insurance and Investments and Other 28 1,876 1,550 1,521 326 21 Net operating income 26 14,885 13,247 12,656 1,638 12 Adjusted RoRWA (%) 27 2.5 2.4 2.2 RoTE excluding significant items and UK bank levy (%) 14.0 14.0 13.0 Ñ For footnotes, see page 89 . Management view of adjusted revenue<> Footnotes 2018 2017 $m 2016 $m 2018 vs 2017 $m % Global Markets 6,490 7,009 6,731 (519 ) (7 ) – FICC 5,271 5,714 5,720 (443 ) (8 ) Foreign Exchange 3,022 2,622 2,777 400 15 Rates 1,482 2,147 2,148 (665 ) (31 ) Credit 767 945 795 (178 ) (19 ) – Equities 1,219 1,295 1,011 (76 ) (6 ) Securities Services 1,973 1,772 1,577 201 11 Global Banking 4,115 4,048 3,819 67 2 Global Liquidity and Cash Management 2,645 2,213 1,884 432 20 Global Trade and Receivables Finance 809 757 689 52 7 Principal Investments 224 327 221 (103 ) (31 ) Credit and funding valuation adjustments 29 (183 ) (262 ) (55 ) 79 30 Other 30,31 (561 ) (579 ) (59 ) 18 3 Net operating income 26,31 15,512 15,285 14,807 227 1 Adjusted RoRWA (%) 27 2.1 2.0 1.8 RoTE excluding significant items and UK bank levy (%) 10.5 10.6 10.2 Ñ For footnotes, see page 89 . Management view of adjusted revenue<> Footnotes 2018 2017 $m 2016 $m 2018 vs 2017 $m % Investment revenue 717 700 738 17 2 Lending 391 393 420 (2 ) (1 ) Deposit 497 404 345 93 23 Other 180 226 267 (46 ) (20 ) Net operating income 26 1,785 1,723 1,770 62 4 Adjusted RoRWA (%) 27 2.1 1.9 1.7 RoTE excluding significant items and UK bank levy (%) 9.9 7.1 5.6 Ñ For footnotes, see page 89 . Management view of adjusted revenue<> Footnotes 2018 2017 $m 2016 $m 2018 vs 2017 $m % Central Treasury 33 662 1,728 1,706 (1,066 ) (62 ) Legacy portfolios (93 ) (26 ) 26 (67 ) >(100) Other 34 (746 ) (516 ) (188 ) (230 ) (45 ) Net operating income 26 (177 ) 1,186 1,544 (1,363 ) (115 ) RoTE excluding significant items and UK bank levy (%) (5.7 )% (5.2 )% (1.9 )% Ñ For footnotes, see page 89 . HSBC adjusted profit before tax and balance sheet data 2018 Retail Commercial Global Global Corporate Centre Total Footnotes $m $m $m $m $m $m Net operating income before change in expected credit losses and other credit impairment charges 26 21,935 14,885 15,512 1,785 (177 ) 53,940 – external 17,270 14,652 17,986 1,497 2,535 53,940 – inter-segment 4,665 233 (2,474 ) 288 (2,712 ) — of which: net interest income/(expense) 15,822 10,666 5,259 888 (2,199 ) 30,436 Change in expected credit losses and other credit impairment charges (1,177 ) (739 ) 26 8 115 (1,767 ) Net operating income/(expense) 20,758 14,146 15,538 1,793 (62 ) 52,173 Total operating expenses (13,711 ) (6,477 ) (9,460 ) (1,449 ) (1,893 ) (32,990 ) Operating profit/(loss) 7,047 7,669 6,078 344 (1,955 ) 19,183 Share of profit in associates and joint ventures 33 — — — 2,503 2,536 Adjusted profit before tax 7,080 7,669 6,078 344 548 21,719 % % % % % % Share of HSBC’s adjusted profit before tax 32.6 35.3 28.0 1.6 2.5 100.0 Adjusted cost efficiency ratio 62.5 43.5 61.0 81.2 (1,069.5 ) 61.2 Adjusted balance sheet data $m $m $m $m $m $m Loans and advances to customers (net) 361,872 333,162 244,978 39,217 2,467 981,696 Interests in associates and joint ventures 397 — — — 22,010 22,407 Total external assets 476,784 360,216 1,012,272 43,790 665,062 2,558,124 Customer accounts 640,924 357,596 290,914 64,658 8,551 1,362,643 Adjusted risk-weighted assets (unaudited) 64 126,865 321,244 281,021 16,824 118,550 864,504 2017 Net operating income before loan impairment charges and other credit risk provisions 26 20,220 13,247 15,285 1,723 1,186 51,661 – external 17,024 13,378 16,557 1,453 3,249 51,661 – inter-segment 3,196 (131 ) (1,272 ) 270 (2,063 ) — of which: net interest income/(expense) 13,927 9,060 4,851 825 (481 ) 28,182 Loan impairment charges and other credit risk provisions/(recoveries) (969 ) (465 ) (446 ) (16 ) 183 (1,713 ) Net operating income 19,251 12,782 14,839 1,707 1,369 49,948 Total operating expenses (12,786 ) (5,953 ) (8,991 ) (1,411 ) (2,090 ) (31,231 ) Operating profit/(loss) 6,465 6,829 5,848 296 (721 ) 18,717 Share of profit in associates and joint ventures 14 — — — 2,402 2,416 Adjusted profit before tax 6,479 6,829 5,848 296 1,681 21,133 % % % % % % Share of HSBC’s adjusted profit before tax 30.6 32.3 27.7 1.4 8.0 100.0 Adjusted cost efficiency ratio 63.2 44.9 58.8 81.9 176.2 60.5 Adjusted balance sheet data $m $m $m $m $m $m Loans and advances to customers (net) 332,261 305,213 244,476 39,597 7,294 928,841 Interests in associates and joint ventures 363 — — — 21,656 22,019 Total external assets 451,516 336,163 946,747 46,247 662,364 2,443,037 Customer accounts 621,092 351,617 273,080 64,957 10,883 1,321,629 Adjusted risk-weighted assets (unaudited) 64 118,131 289,824 293,135 15,795 128,795 845,680 For footnotes, see page 89 . HSBC adjusted profit before tax and balance sheet data (continued) 2016 Retail Commercial Global Global Corporate Centre Total Footnotes $m $m $m $m $m $m Net operating income before loan impairment charges and other credit risk provisions 26 18,483 12,656 14,807 1,770 1,544 49,260 – external 16,050 12,656 17,488 1,512 1,554 49,260 – inter-segment 2,433 — (2,681 ) 258 (10 ) — of which: net interest income 12,906 8,506 4,800 813 1,176 28,201 Loan impairment charges and other credit risk provisions (1,101 ) (986 ) (461 ) — (24 ) (2,572 ) Net operating income 17,382 11,670 14,346 1,770 1,520 46,688 Total operating expenses (12,144 ) (5,747 ) (8,846 ) (1,484 ) (1,926 ) (30,147 ) Operating profit/(loss) 5,238 5,923 5,500 286 (406 ) 16,541 Share of profit in associates and joint ventures 20 — — — 2,345 2,365 Adjusted profit before tax 5,258 5,923 5,500 286 1,939 18,906 % % % % % % Share of HSBC’s adjusted profit before tax 27.8 31.3 29.1 1.5 10.3 100.0 Adjusted cost efficiency ratio 65.7 45.4 59.7 83.8 124.7 61.2 Adjusted balance sheet data $m $m $m $m $m $m Loans and advances to customers (net) 312,393 285,253 230,171 36,222 12,331 876,370 Interests in associates and joint ventures 391 — — — 19,635 20,026 Total external assets 421,559 309,905 949,732 43,663 692,740 2,417,599 Customer accounts 595,765 346,746 261,949 71,389 14,344 1,290,193 Adjusted risk-weighted assets (unaudited) 64 111,617 276,705 301,728 15,418 149,680 855,148 For footnotes, see page 89 . |
Disclosure of remuneration of executive Directors | (in £000) Base salary Fixed pay allowance Cash in lieu of pension Annual incentive AML DPA Award 38 LTI 39 Sub-total Taxable benefits Non-taxable benefits Notional returns Total John Flint 40 2018 1,028 1,459 308 1,665 — — 4,460 40 28 54 4,582 2017 — — — — — — — — — — — Stuart Gulliver 41,43 2018 171 241 51 282 1,530 — 2,275 65 6 41 2,387 2017 1,250 1,700 375 2,127 — — 5,452 500 71 63 6,086 Iain Mackay 42,43 2018 700 950 210 1,088 1,057 — 4,005 80 44 33 4,162 2017 700 950 210 1,334 — — 3,194 64 37 42 3,337 Marc Moses 2018 700 950 210 1,324 695 — 3,879 13 38 33 3,963 2017 700 950 210 1,358 — — 3,218 16 38 42 3,314 Ñ For footnotes, see page 89 . The values of the significant benefits in the single figure table are set out in the following table. (Audited) Car benefit (UK and Hong Kong) 1 Hong Kong bank-owned accommodation 1,2 Tax expense on car benefit and Hong Kong bank-owned accommodation 1 Insurance benefit (non-taxable) 1 (£000) (£000) (£000) (£000) Stuart Gulliver 2018 — — — — 2017 — 282 164 63 1 The car benefit, Hong Kong bank-owned accommodation, tax on benefits and insurance benefits for 2018 for all executive Directors are not included in the above table as they were not significant. Taxable benefits during 2018 for Stuart Gulliver as an executive Director includes £41,711 in respect of Hong Kong bank-owned accommodation and £17,117 in respect of tax expense on car benefit and Hong Kong bank-owned accommodation. Further details regarding Stuart Gulliver's benefits between 21 February 2018 and 11 October 2018 are available on page 235 . 2 Taxable value determined based on the current market rental value of the bank-owned property in Hong Kong, as estimated by an external lease service provider, plus utility costs, rates, the taxable value of furniture and taking into account the business use of the property. The following table shows the single figure total remuneration of each executive Director for 2018, together with comparative figures Single figure of remuneration Base Fixed pay allowance Cash in lieu of pension Annual incentive AML DPA award 1 LTI 2 Sub-total Taxable benefits Non-taxable benefits Notional returns Total (£000) (£000) (£000) (£000) (£000) (£000) (£000) (£000) (£000) (£000) (£000) John Flint 3 2018 1,028 1,459 308 1,665 — — 4,460 40 28 54 4,582 2017 — — — — — — — — — — — Stuart Gulliver 4, 6 2018 171 241 51 282 1,530 — 2,275 65 6 41 2,387 2017 1,250 1,700 375 2,127 — — 5,452 500 71 63 6,086 Iain Mackay 5, 6 2018 700 950 210 1,088 1,057 — 4,005 80 44 33 4,162 2017 700 950 210 1,334 — — 3,194 64 37 42 3,337 Marc Moses 2018 700 950 210 1,324 695 — 3,879 13 38 33 3,963 2017 700 950 210 1,358 — — 3,218 16 38 42 3,314 1 60% of the 2012 annual incentive for Stuart Gulliver and Iain Mackay disclosed in the 2012 Directors’ remuneration report was deferred for five years . The vesting of these awards was subject to a service condition and satisfactory completion of the five -year deferred prosecution agreement ('AML DPA') with the US Department of Justice ('DoJ'). The AML DPA condition was satisfied in March 2018 and the awards were released to the executive Directors . For Marc Moses, the value of the award attributable to services provided as an executive Director between 1 January 2014 and the vesting date has been included in the table. 2 The first LTI award was made in February 2017, with a performance period ending in 2019. Vesting of the first LTI award will be included in the single figure table for the financial year ending on 31 December 2019. 3 John Flint succeeded Stuart Gulliver as Group Chief Executive with effect from 21 February 2018 and his remuneration in the single figure table of remuneration is in respect of services provided as an executive Director. For services rendered between 1 January 2018 and 20 February 2018, he received a salary of £ 97,139 , fixed pay allowance of £ 130,236 , cash in lieu of pension of £ 28,000 and an annual incentive award of £271,000 . 4 Stuart Gulliver stepped down from the Board on 20 February 2018 and retired from the Group on 11 October 2018. His remuneration in the single figure table of remuneration is in respect of services provided as an executive Director. Further details can be found on page 235 . 5 Iain Mackay stepped down as executive Director and Group Finance Director on 31 December 2018. 6 To meet regulatory deferral requirements for 2018, 60% of the annual incentive award of Stuart Gulliver and Iain Mackay will be deferred in awards linked to HSBC's shares and will vest in five equal instalments between the third and seventh anniversary of the grant date. On vesting the awards will be subject to a one-year retention period. The deferred awards are subject to the executive Director maintaining a good leaver status during the deferral period. |
Report of the Directors (Tables
Report of the Directors (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Report Of The Directors Strategic Report [Abstract] | |
Analysis of adjusted results by global business | Retail Banking and Wealth Management (‘RBWM’) Commercial Banking (‘CMB’) Global Banking and Markets (‘GB&M’) Global Private Banking (‘GPB’) We help 38 million customers across the world to manage their finances, buy their homes, and save and invest for the future. Our HSBC Premier and Advance propositions are aimed at mass affluent and emerging affluent customers who value international connectivity. For customers with simpler banking needs, we offer a full range of products and services reflecting local requirements. We support approximately 1.5 million business customers in 53 countries and territories, ranging from small enterprises focused primarily on their domestic markets, through to large companies operating globally. Our services include working capital, term loans, payment services and international trade facilitation, as well as expertise in mergers and acquisitions, and access to financial markets. We serve approximately 4,100 clients in more than 50 countries and territories. We support major government, corporate and institutional clients worldwide. Our product specialists continue to deliver a comprehensive range of transaction banking, financing, advisory, capital markets and risk management services. We serve high net worth and ultra high net worth individuals and families, including those with international banking needs. Services provided include Investment Management, which includes advisory and brokerage services, and Private Wealth Solutions, which comprises trusts and estate planning, to protect and preserve wealth for future generations. Adjusted profit before tax < > (2017: $6.5bn) (2017: $6.8bn) (2017: $5.8bn) (2017: $0.3bn) $7.1bn $7.7bn $6.1bn $0.3bn Adjusted risk-weighted assets < > (31 Dec 2017: $118.1bn) (31 Dec 2017: $289.8bn) (31 Dec 2017: $293.2bn) (31 Dec 2017: $15.8bn) $126.9bn $321.2bn $281.0bn $16.8bn < > Our global businesses are presented on an adjusted basis, which is consistent with the way in which we assess the performance of our global businesses. Delivery against Group financial targets Return on tangible equity < > 8.6% Target: >11% by 2020 Adjusted jaws < > (1.2)% Target: positive Dividends per ordinary share in respect of 2018 $0.51 Target: sustain (2017: 6.8%) Ñ For further details, see page 17 . Management view of adjusted revenue<> Footnotes 2018 2017 $m 2016 $m 2018 vs 2017 $m % Retail Banking 15,262 13,456 12,690 1,806 13 Current accounts, savings and deposits 8,534 6,296 5,186 2,238 36 Personal lending 6,728 7,160 7,504 (432 ) (6 ) – mortgages 1,937 2,372 2,585 (435 ) (18 ) – credit cards 2,880 2,886 3,018 (6 ) — – other personal lending 23 1,911 1,902 1,901 9 — Wealth Management 6,104 6,215 5,230 (111 ) (2 ) – investment distribution 24 3,383 3,279 2,902 104 3 – life insurance manufacturing 1,656 1,870 1,362 (214 ) (11 ) – asset management 1,065 1,066 966 (1 ) — Other 25 569 549 563 20 4 Net operating income 26 21,935 20,220 18,483 1,715 8 Adjusted RoRWA (%) 27 5.8 5.6 4.7 RoTE excluding significant items and UK bank levy (%) 21.0 21.6 16.3 Ñ For footnotes, see page 89 . Management view of adjusted revenue<> Footnotes 2018 2017 $m 2016 $m 2018 vs 2017 $m % Global Trade and Receivables Finance 1,865 1,821 1,833 44 2 Credit and Lending 5,342 5,101 5,053 241 5 Global Liquidity and Cash Management 5,802 4,775 4,249 1,027 22 Markets products, Insurance and Investments and Other 28 1,876 1,550 1,521 326 21 Net operating income 26 14,885 13,247 12,656 1,638 12 Adjusted RoRWA (%) 27 2.5 2.4 2.2 RoTE excluding significant items and UK bank levy (%) 14.0 14.0 13.0 Ñ For footnotes, see page 89 . Management view of adjusted revenue<> Footnotes 2018 2017 $m 2016 $m 2018 vs 2017 $m % Global Markets 6,490 7,009 6,731 (519 ) (7 ) – FICC 5,271 5,714 5,720 (443 ) (8 ) Foreign Exchange 3,022 2,622 2,777 400 15 Rates 1,482 2,147 2,148 (665 ) (31 ) Credit 767 945 795 (178 ) (19 ) – Equities 1,219 1,295 1,011 (76 ) (6 ) Securities Services 1,973 1,772 1,577 201 11 Global Banking 4,115 4,048 3,819 67 2 Global Liquidity and Cash Management 2,645 2,213 1,884 432 20 Global Trade and Receivables Finance 809 757 689 52 7 Principal Investments 224 327 221 (103 ) (31 ) Credit and funding valuation adjustments 29 (183 ) (262 ) (55 ) 79 30 Other 30,31 (561 ) (579 ) (59 ) 18 3 Net operating income 26,31 15,512 15,285 14,807 227 1 Adjusted RoRWA (%) 27 2.1 2.0 1.8 RoTE excluding significant items and UK bank levy (%) 10.5 10.6 10.2 Ñ For footnotes, see page 89 . Management view of adjusted revenue<> Footnotes 2018 2017 $m 2016 $m 2018 vs 2017 $m % Investment revenue 717 700 738 17 2 Lending 391 393 420 (2 ) (1 ) Deposit 497 404 345 93 23 Other 180 226 267 (46 ) (20 ) Net operating income 26 1,785 1,723 1,770 62 4 Adjusted RoRWA (%) 27 2.1 1.9 1.7 RoTE excluding significant items and UK bank levy (%) 9.9 7.1 5.6 Ñ For footnotes, see page 89 . Management view of adjusted revenue<> Footnotes 2018 2017 $m 2016 $m 2018 vs 2017 $m % Central Treasury 33 662 1,728 1,706 (1,066 ) (62 ) Legacy portfolios (93 ) (26 ) 26 (67 ) >(100) Other 34 (746 ) (516 ) (188 ) (230 ) (45 ) Net operating income 26 (177 ) 1,186 1,544 (1,363 ) (115 ) RoTE excluding significant items and UK bank levy (%) (5.7 )% (5.2 )% (1.9 )% Ñ For footnotes, see page 89 . HSBC adjusted profit before tax and balance sheet data 2018 Retail Commercial Global Global Corporate Centre Total Footnotes $m $m $m $m $m $m Net operating income before change in expected credit losses and other credit impairment charges 26 21,935 14,885 15,512 1,785 (177 ) 53,940 – external 17,270 14,652 17,986 1,497 2,535 53,940 – inter-segment 4,665 233 (2,474 ) 288 (2,712 ) — of which: net interest income/(expense) 15,822 10,666 5,259 888 (2,199 ) 30,436 Change in expected credit losses and other credit impairment charges (1,177 ) (739 ) 26 8 115 (1,767 ) Net operating income/(expense) 20,758 14,146 15,538 1,793 (62 ) 52,173 Total operating expenses (13,711 ) (6,477 ) (9,460 ) (1,449 ) (1,893 ) (32,990 ) Operating profit/(loss) 7,047 7,669 6,078 344 (1,955 ) 19,183 Share of profit in associates and joint ventures 33 — — — 2,503 2,536 Adjusted profit before tax 7,080 7,669 6,078 344 548 21,719 % % % % % % Share of HSBC’s adjusted profit before tax 32.6 35.3 28.0 1.6 2.5 100.0 Adjusted cost efficiency ratio 62.5 43.5 61.0 81.2 (1,069.5 ) 61.2 Adjusted balance sheet data $m $m $m $m $m $m Loans and advances to customers (net) 361,872 333,162 244,978 39,217 2,467 981,696 Interests in associates and joint ventures 397 — — — 22,010 22,407 Total external assets 476,784 360,216 1,012,272 43,790 665,062 2,558,124 Customer accounts 640,924 357,596 290,914 64,658 8,551 1,362,643 Adjusted risk-weighted assets (unaudited) 64 126,865 321,244 281,021 16,824 118,550 864,504 2017 Net operating income before loan impairment charges and other credit risk provisions 26 20,220 13,247 15,285 1,723 1,186 51,661 – external 17,024 13,378 16,557 1,453 3,249 51,661 – inter-segment 3,196 (131 ) (1,272 ) 270 (2,063 ) — of which: net interest income/(expense) 13,927 9,060 4,851 825 (481 ) 28,182 Loan impairment charges and other credit risk provisions/(recoveries) (969 ) (465 ) (446 ) (16 ) 183 (1,713 ) Net operating income 19,251 12,782 14,839 1,707 1,369 49,948 Total operating expenses (12,786 ) (5,953 ) (8,991 ) (1,411 ) (2,090 ) (31,231 ) Operating profit/(loss) 6,465 6,829 5,848 296 (721 ) 18,717 Share of profit in associates and joint ventures 14 — — — 2,402 2,416 Adjusted profit before tax 6,479 6,829 5,848 296 1,681 21,133 % % % % % % Share of HSBC’s adjusted profit before tax 30.6 32.3 27.7 1.4 8.0 100.0 Adjusted cost efficiency ratio 63.2 44.9 58.8 81.9 176.2 60.5 Adjusted balance sheet data $m $m $m $m $m $m Loans and advances to customers (net) 332,261 305,213 244,476 39,597 7,294 928,841 Interests in associates and joint ventures 363 — — — 21,656 22,019 Total external assets 451,516 336,163 946,747 46,247 662,364 2,443,037 Customer accounts 621,092 351,617 273,080 64,957 10,883 1,321,629 Adjusted risk-weighted assets (unaudited) 64 118,131 289,824 293,135 15,795 128,795 845,680 For footnotes, see page 89 . HSBC adjusted profit before tax and balance sheet data (continued) 2016 Retail Commercial Global Global Corporate Centre Total Footnotes $m $m $m $m $m $m Net operating income before loan impairment charges and other credit risk provisions 26 18,483 12,656 14,807 1,770 1,544 49,260 – external 16,050 12,656 17,488 1,512 1,554 49,260 – inter-segment 2,433 — (2,681 ) 258 (10 ) — of which: net interest income 12,906 8,506 4,800 813 1,176 28,201 Loan impairment charges and other credit risk provisions (1,101 ) (986 ) (461 ) — (24 ) (2,572 ) Net operating income 17,382 11,670 14,346 1,770 1,520 46,688 Total operating expenses (12,144 ) (5,747 ) (8,846 ) (1,484 ) (1,926 ) (30,147 ) Operating profit/(loss) 5,238 5,923 5,500 286 (406 ) 16,541 Share of profit in associates and joint ventures 20 — — — 2,345 2,365 Adjusted profit before tax 5,258 5,923 5,500 286 1,939 18,906 % % % % % % Share of HSBC’s adjusted profit before tax 27.8 31.3 29.1 1.5 10.3 100.0 Adjusted cost efficiency ratio 65.7 45.4 59.7 83.8 124.7 61.2 Adjusted balance sheet data $m $m $m $m $m $m Loans and advances to customers (net) 312,393 285,253 230,171 36,222 12,331 876,370 Interests in associates and joint ventures 391 — — — 19,635 20,026 Total external assets 421,559 309,905 949,732 43,663 692,740 2,417,599 Customer accounts 595,765 346,746 261,949 71,389 14,344 1,290,193 Adjusted risk-weighted assets (unaudited) 64 111,617 276,705 301,728 15,418 149,680 855,148 For footnotes, see page 89 . |
Reconciliation of reported and adjusted items | Adjusted results reconciliation 2018 2017 2016 Adjusted Significant items Reported Adjusted Currency translation Significant items Reported Adjusted Currency translation Significant items Reported Footnotes $m $m $m $m $m $m $m $m $m $m $m Revenue 26 53,940 (160 ) 53,780 51,661 (133 ) (83 ) 51,445 49,260 803 (2,097 ) 47,966 ECL (1,767 ) — (1,767 ) N/A N/A N/A N/A N/A N/A N/A N/A LICs N/A N/A N/A (1,713 ) (56 ) — (1,769 ) (2,572 ) (24 ) (804 ) (3,400 ) Operating expenses (32,990 ) (1,669 ) (34,659 ) (31,231 ) 143 (3,796 ) (34,884 ) (30,147 ) (361 ) (9,300 ) (39,808 ) Share of profit in associates 2,536 — 2,536 2,416 (41 ) — 2,375 2,365 (10 ) (1 ) 2,354 Profit/(loss) before tax 21,719 (1,829 ) 19,890 21,133 (87 ) (3,879 ) 17,167 18,906 408 (12,202 ) 7,112 For footnotes, see page 89 . Adjusted balance sheet reconciliation 2018 2017 2016 Reported and adjusted Adjusted Currency translation Reported Adjusted Currency translation Reported $m $m $m $m $m $m $m Loans and advances to customers (net) 981,696 928,841 34,123 962,964 876,370 (14,866 ) 861,504 Interests in associates and joint ventures 22,407 22,019 725 22,744 20,026 3 20,029 Total external assets 2,558,124 2,443,037 78,734 2,521,771 2,417,599 (42,613 ) 2,374,986 Customer accounts 1,362,643 1,321,629 42,833 1,364,462 1,290,193 (17,807 ) 1,272,386 Adjusted profit reconciliation 2018 2017 2016 Footnotes $m $m $m Year ended 31 Dec Adjusted profit before tax 21,719 21,133 18,906 Significant items (1,829 ) (3,879 ) (12,202 ) – customer redress programmes (revenue) 53 (108 ) 2 – disposals, acquisitions and investment in new businesses (revenue) (113 ) 274 264 – fair value movements on financial instruments 65, 66 (100 ) (245 ) (2,453 ) – costs of structural reform (361 ) (420 ) (223 ) – costs to achieve — (3,002 ) (3,118 ) – customer redress programmes (operating expenses) (146 ) (655 ) (559 ) – disposals, acquisitions and investment in new businesses (operating expenses) (52 ) (53 ) (1,087 ) – disposals, acquisitions and investment in new businesses (LICs) — — (748 ) – gain on partial settlement of pension obligation — 188 — – impairment of GPB – Europe goodwill — — (3,240 ) – past service costs of guaranteed minimum pension benefits equalisation (228 ) — — – restructuring and other related costs (66 ) — — – settlements and provisions in connection with legal and other regulatory matters (816 ) 198 (1,025 ) – disposals, acquisitions and investment in new businesses (share of profit in associates and joint ventures) — — (1 ) – currency translation on significant items (56 ) (14 ) Currency translation (87 ) 408 Reported profit before tax 19,890 17,167 7,112 For footnotes, see page 89 . |
Report Of The Directors Finan_3
Report Of The Directors Financial Review Risk Report (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Report Of The Directors Financial Review Risk Report [Abstract] | |
Disclosure of credit risk | Summary of credit risk (excluding debt instruments measured at FVOCI) by stage distribution and ECL coverage by industry sector at 31 December 2018 (Audited) Gross carrying/nominal amount 9 Allowance for ECL ECL coverage % Stage 1 Stage 2 Stage 3 POCI 11 Total Stage 1 Stage 2 Stage 3 POCI 11 Total Stage 1 Stage 2 Stage 3 POCI 11 Total $m $m $m $m $m $m $m $m $m $m % % % % % Loans and advances to customers at amortised cost 915,188 61,786 13,023 324 990,321 (1,276 ) (2,108 ) (5,047 ) (194 ) (8,625 ) 0.1 3.4 38.8 59.9 0.9 – personal 374,681 15,075 4,581 — 394,337 (534 ) (1,265 ) (1,148 ) — (2,947 ) 0.1 8.4 25.1 — 0.7 – corporate and commercial 481,262 44,779 8,212 324 534,577 (698 ) (812 ) (3,848 ) (194 ) (5,552 ) 0.1 1.8 46.9 59.9 1.0 – non-bank financial institutions 59,245 1,932 230 — 61,407 (44 ) (31 ) (51 ) — (126 ) 0.1 1.6 22.2 — 0.2 Loans and advances to banks at amortised cost 71,873 307 — — 72,180 (11 ) (2 ) — — (13 ) — 0.7 — — — Other financial assets measured at amortised cost 581,118 1,673 126 — 582,917 (27 ) (6 ) (22 ) — (55 ) — 0.4 17.5 — — Loan and other credit-related commitments 569,250 21,839 912 7 592,008 (143 ) (139 ) (43 ) — (325 ) — 0.6 4.7 — 0.1 – personal 205,183 1,760 408 — 207,351 (12 ) (1 ) — — (13 ) — 0.1 — — — – corporate and commercial 251,478 19,034 503 7 271,022 (126 ) (136 ) (43 ) — (305 ) 0.1 0.7 8.5 — 0.1 – financial 7 112,589 1,045 1 — 113,635 (5 ) (2 ) — — (7 ) — 0.2 — — — Financial guarantees 8 20,884 2,334 297 3 23,518 (19 ) (29 ) (45 ) — (93 ) 0.1 1.2 15.2 — 0.4 – personal 920 3 4 — 927 (1 ) — — — (1 ) 0.1 — — — 0.1 – corporate and commercial 15,011 2,053 288 3 17,355 (16 ) (25 ) (44 ) — (85 ) 0.1 1.2 15.3 — 0.5 – financial 4,953 278 5 — 5,236 (2 ) (4 ) (1 ) — (7 ) — 1.4 20.0 — 0.1 At 31 Dec 2018 2,158,313 87,939 14,358 334 2,260,944 (1,476 ) (2,284 ) (5,157 ) (194 ) (9,111 ) 0.1 2.6 35.9 58.1 0.4 For footnotes, see page 192 . |
Disclosure of financial assets that are either past due or impaired | Stage 2 days past due analysis at 31 December 2018 (Audited) Gross carrying amount Allowance for ECL ECL coverage % Of which: Of which: Of which: Of which: Of which: Of which: Stage 2 1 to 29 DPD 12 30 and > DPD 12 Stage 2 1 to 29 DPD 12 30 and > DPD 12 Stage 2 1 to 29 DPD 12 30 and > DPD 12 $m $m $m $m $m $m % % % Loans and advances to customers at amortised cost 61,786 2,554 1,914 (2,108 ) (204 ) (254 ) 3.4 8.0 13.3 – personal 15,075 1,807 1,383 (1,265 ) (165 ) (220 ) 8.4 9.1 15.9 – corporate and commercial 44,779 737 485 (812 ) (39 ) (34 ) 1.8 5.3 7.0 – non-bank financial institutions 1,932 10 46 (31 ) — — 1.6 — — Loans and advances to banks at amortised cost 307 — — (2 ) — — 0.7 — — Other financial assets measured at amortised cost 1,673 10 26 (6 ) — — 0.4 — — For footnotes, see page 192 . Distribution of financial instruments by credit quality (Audited) Gross carrying/notional amount Allowance for ECL/ other credit provisions Net Strong Good Satisfactory Sub- standard Credit impaired Total $m $m $m $m $m $m $m $m In-scope for IFRS 9 Loans and advances to customers held at amortised cost 485,451 244,199 230,357 16,993 13,321 990,321 (8,625 ) 981,696 – personal 316,616 43,764 27,194 2,182 4,581 394,337 (2,947 ) 391,390 – corporate and commercial 140,387 181,984 189,357 14,339 8,510 534,577 (5,552 ) 529,025 – non-bank financial institutions 28,448 18,451 13,806 472 230 61,407 (126 ) 61,281 Loans and advances to banks held at amortised cost 60,249 7,371 4,549 11 — 72,180 (13 ) 72,167 Cash and balances at central banks 160,995 1,508 324 18 — 162,845 (2 ) 162,843 Items in the course of collection from other banks 5,765 21 1 — — 5,787 — 5,787 Hong Kong Government certificates of indebtedness 35,859 — — — — 35,859 — 35,859 Reverse repurchase agreements – non-trading 200,774 29,423 12,607 — — 242,804 — 242,804 Financial investments 56,031 5,703 949 1 — 62,684 (18 ) 62,666 Prepayments, accrued income and other assets 55,424 8,069 9,138 181 126 72,938 (35 ) 72,903 – endorsements and acceptances 1,514 4,358 3,604 155 3 9,634 (11 ) 9,623 – accrued income and other 53,910 3,711 5,534 26 123 63,304 (24 ) 63,280 Debt instruments measured at fair value through other comprehensive income 18 319,632 12,454 7,210 2,558 12 341,866 (84 ) 341,782 Out-of-scope for IFRS 9 Trading assets 139,484 18,888 16,991 1,871 — 177,234 — 177,234 Other financial assets designated and otherwise mandatorily measured at fair value through profit or loss 6,079 2,163 6,683 9 — 14,934 — 14,934 Derivatives 169,121 31,225 6,813 625 41 207,825 — 207,825 Assets held for sale — — — — — — — — Total gross carrying amount on balance sheet 1,694,864 361,024 295,622 22,267 13,500 2,387,277 (8,777 ) 2,378,500 Percentage of total credit quality 71.0% 15.1% 12.4% 0.9% 0.6% 100% Loan and other credit-related commitments 373,302 137,076 75,478 5,233 919 592,008 (325 ) 591,683 Financial guarantees 9,716 7,400 5,505 597 300 23,518 (93 ) 23,425 In-scope: Irrevocable loan commitments and financial guarantees 383,018 144,476 80,983 5,830 1,219 615,526 (418 ) 615,108 Loan and other credit-related commitments 19 188,258 — — — — 188,258 — 188,258 Performance and other guarantees 26,679 25,743 16,790 1,869 403 71,484 (99 ) 71,385 Out-of-scope: Revocable loan commitments and non-financial guarantees 214,937 25,743 16,790 1,869 403 259,742 (99 ) 259,643 For footnotes, see page 192 . Distribution of financial instruments to which the impairment requirements in IFRS 9 are applied, by credit quality and stage allocation (Audited) Gross carrying/notional amount Allowance for ECL Net Strong Good Satisfactory Sub- Credit impaired Total Footnotes $m $m $m $m $m $m $m $m Loans and advances to customers at amortised cost 485,451 244,199 230,357 16,993 13,321 990,321 (8,625 ) 981,696 – stage 1 483,907 233,843 191,851 5,587 — 915,188 (1,276 ) 913,912 – stage 2 1,544 10,356 38,506 11,380 — 61,786 (2,108 ) 59,678 – stage 3 — — — — 13,023 13,023 (5,047 ) 7,976 – POCI — — — 26 298 324 (194 ) 130 Loans and advances to banks at amortised cost 60,249 7,371 4,549 11 — 72,180 (13 ) 72,167 – stage 1 60,199 7,250 4,413 11 — 71,873 (11 ) 71,862 – stage 2 50 121 136 — — 307 (2 ) 305 – stage 3 — — — — — — — — – POCI — — — — — — — — Other financial assets measured at amortised cost 514,848 44,724 23,019 200 126 582,917 (55 ) 582,862 – stage 1 514,525 44,339 22,184 70 — 581,118 (27 ) 581,091 – stage 2 323 385 835 130 — 1,673 (6 ) 1,667 – stage 3 — — — — 126 126 (22 ) 104 – POCI — — — — — — — — Loan and other credit-related commitments 373,302 137,076 75,478 5,233 919 592,008 (325 ) 591,683 – stage 1 372,597 132,220 63,457 976 — 569,250 (143 ) 569,107 – stage 2 705 4,856 12,021 4,257 — 21,839 (139 ) 21,700 – stage 3 — — — — 912 912 (43 ) 869 – POCI — — — — 7 7 — 7 Financial guarantees 8 9,716 7,400 5,505 597 300 23,518 (93 ) 23,425 – stage 1 9,582 6,879 4,264 159 — 20,884 (19 ) 20,865 – stage 2 134 521 1,241 438 — 2,334 (29 ) 2,305 – stage 3 — — — — 297 297 (45 ) 252 – POCI — — — — 3 3 — 3 At 31 Dec 2018 1,443,566 440,770 338,908 23,034 14,666 2,260,944 (9,111 ) 2,251,833 Debt instruments at FVOCI 18 – stage 1 319,623 12,358 6,856 2,218 — 341,055 (33 ) 341,022 – stage 2 9 96 354 340 — 799 (50 ) 749 – stage 3 — — — — 8 8 (1 ) 7 – POCI — — — — 4 4 — 4 At 31 Dec 2018 319,632 12,454 7,210 2,558 12 341,866 (84 ) 341,782 For footnotes, see page 192 . Distribution of financial instruments to which the impairment requirements in IFRS 9 are applied, by credit quality and stage allocation (continued) Gross carrying/notional amount Strong Good Satisfactory Sub-standard Credit impaired Total Allowance for ECL Net Footnotes $m $m $m $m $m $m $m $m Loans and advances to customers at amortised cost 479,067 227,146 220,089 17,922 14,856 959,080 (9,343 ) 949,737 – stage 1 475,881 211,084 180,002 4,599 — 871,566 (1,309 ) 870,257 – stage 2 3,186 16,062 40,087 13,323 — 72,658 (2,201 ) 70,457 – stage 3 — — — — 13,882 13,882 (5,591 ) 8,291 – POCI — — — — 974 974 (242 ) 732 Loans and advances to banks at amortised cost 70,959 7,692 3,890 26 15 82,582 (23 ) 82,559 – stage 1 70,024 7,351 3,642 10 — 81,027 (17 ) 81,010 – stage 2 935 341 248 16 — 1,540 (4 ) 1,536 – stage 3 — — — — 15 15 (2 ) 13 – POCI — — — — — — — — Other financial assets measured at amortised cost 469,898 47,347 39,595 862 162 557,864 (114 ) 557,750 – stage 1 469,691 47,019 38,929 546 — 556,185 (28 ) 556,157 – stage 2 207 328 666 316 — 1,517 (4 ) 1,513 – stage 3 — — — — 155 155 (82 ) 73 – POCI — — — — 7 7 — 7 Loan and other credit-related commitments 7 341,580 121,508 74,694 6,431 1,045 545,258 (376 ) 544,882 – stage 1 338,855 115,008 64,429 1,591 — 519,883 (126 ) 519,757 – stage 2 2,725 6,500 10,265 4,840 — 24,330 (183 ) 24,147 – stage 3 — — — — 999 999 (67 ) 932 – POCI — — — — 46 46 — 46 Financial guarantees 8 10,339 7,086 7,408 807 209 25,849 (97 ) 25,752 – stage 1 9,608 6,590 5,500 323 — 22,021 (17 ) 22,004 – stage 2 731 496 1,908 484 — 3,619 (18 ) 3,601 – stage 3 — — — — 187 187 (62 ) 125 – POCI — — — — 22 22 — 22 At 1 Jan 2018 1,371,843 410,779 345,676 26,048 16,287 2,170,633 (9,953 ) 2,160,680 Debt instruments at FVOCI 18 – stage 1 297,753 6,678 12,941 2,450 — 319,822 (28 ) 319,794 – stage 2 208 108 147 1,826 — 2,289 (142 ) 2,147 – stage 3 — — — — 584 584 (14 ) 570 – POCI — — — — — — — — At 1 Jan 2018 297,961 6,786 13,088 4,276 584 322,695 (184 ) 322,511 For footnotes, see page 192 . Distribution of financial instruments by credit quality (Audited) Neither past due nor impaired Past due but not impaired Impaired Total gross amount Impairment allowances Total Strong Good Satisfactory Sub- standard $m $m $m $m $m $m $m $m $m Cash and balances at central banks 179,155 1,043 407 19 180,624 180,624 Items in the course of collection from other banks 6,322 29 273 4 6,628 6,628 Hong Kong Government certificates of indebtedness 34,186 — — — 34,186 34,186 Trading assets 137,983 22,365 26,438 1,949 188,735 188,735 – treasury and other eligible bills 15,412 531 491 1,098 17,532 17,532 – debt securities 84,493 9,517 12,978 498 107,486 107,486 – loans and advances to banks 15,496 5,778 4,757 26 26,057 26,057 – loans and advances to customers 22,582 6,539 8,212 327 37,660 37,660 Financial assets designated at fair value 3,378 269 1,029 28 4,704 4,704 Derivatives 181,195 31,827 5,874 922 219,818 219,818 Loans and advances to customers held at amortised cost 503,759 222,343 204,162 16,114 8,600 15,470 970,448 (7,484 ) 962,964 – personal 324,960 26,612 14,549 780 4,658 4,922 376,481 (1,719 ) 374,762 – corporate and commercial 140,382 176,745 176,661 14,784 3,422 10,254 522,248 (5,494 ) 516,754 – non-bank financial institutions 38,417 18,986 12,952 550 520 294 71,719 (271 ) 71,448 Loans and advances to banks held at amortised cost 77,175 9,026 4,144 39 9 — 90,393 — 90,393 Reverse repurchase agreements – non-trading 143,154 32,321 25,636 442 — — 201,553 — 201,553 Financial investments 356,065 10,463 15,017 2,886 — 728 385,159 385,159 Other assets 12,714 6,526 10,705 681 107 143 30,876 (48 ) 30,828 – endorsements and acceptances 1,430 4,636 3,455 183 15 31 9,750 9,750 – accrued income and other 11,175 1,837 7,124 361 91 56 20,644 20,644 – assets held for sale 109 53 126 137 1 56 482 (48 ) 434 At 31 Dec 2017 1,635,086 336,212 293,685 23,084 8,716 16,341 2,313,124 (7,532 ) 2,305,592 % % % % % % % Percentage of total gross amount 70.7 14.5 12.7 1.0 0.4 0.7 100.0 Past due but not impaired gross financial instruments (2017) Past due but not impaired gross financial instruments by geographical region (Audited) Europe Asia MENA North Latin Total $m $m $m $m $m $m At 31 Dec 2017 1,324 3,892 852 2,015 633 8,716 Ageing analysis of days for past due but not impaired gross financial instruments (Audited) Up to 29 days 30–59 days 60–89 days 90–179 days 180 days and over Total $m $m $m $m $m $m Loans and advances to customers and banks held at amortised cost 6,837 1,255 493 10 14 8,609 – personal 3,455 866 337 — — 4,658 – corporate and commercial 2,899 343 156 10 14 3,422 – financial 483 46 — — — 529 Other financial instruments 33 12 18 12 32 107 At 31 Dec 2017 6,870 1,267 511 22 46 8,716 Impaired loans (2017) Movement in impaired loans by industry sector (Audited) Personal Corporate and commercial Financial Total $m $m $m $m At 1 Jan 2017 6,490 11,362 376 18,228 Classified as impaired during the year 2,671 3,691 17 6,379 Transferred from impaired to unimpaired during the year (677 ) (1,324 ) (8 ) (2,009 ) Amounts written off (1,330 ) (1,257 ) (53 ) (2,640 ) Net repayments and other (2,232 ) (2,218 ) (38 ) (4,488 ) At 31 Dec 2017 4,922 10,254 294 15,470 Loan impairment charge to the income statement by industry sector (Audited) Europe Asia MENA North America Latin America Total $m $m $m $m $m $m Personal 140 243 92 32 452 959 – first lien residential mortgages 6 (1 ) 5 — (27 ) (17 ) – other personal 134 244 87 32 479 976 Corporate and commercial 619 298 83 (163 ) 90 927 – manufacturing and international trade and services 314 236 95 18 59 722 – commercial real estate and other property-related 200 21 (4 ) 9 — 226 – other commercial 105 41 (8 ) (190 ) 31 (21 ) Financial 66 17 22 1 — 106 At 31 Dec 2017 825 558 197 (130 ) 542 1,992 |
Disclosure of detailed information about financial instruments | Summary of financial instruments to which the impairment requirements in IFRS 9 are applied (Audited) 31 Dec 2018 At 1 Jan 2018 Gross carrying/nominal amount Allowance for ECL 5 Gross carrying/nominal amount Allowance for ECL 5 Footnotes $m $m $m $m Loans and advances to customers at amortised cost 990,321 (8,625 ) 959,080 (9,343 ) – personal 394,337 (2,947 ) 375,069 (3,047 ) – corporate and commercial 534,577 (5,552 ) 520,137 (6,053 ) – non-bank financial institutions 61,407 (126 ) 63,874 (243 ) Loans and advances to banks at amortised cost 72,180 (13 ) 82,582 (23 ) Other financial assets measured at amortised cost 582,917 (55 ) 557,864 (114 ) – cash and balances at central banks 162,845 (2 ) 180,624 (3 ) – items in the course of collection from other banks 5,787 — 6,628 — – Hong Kong Government certificates of indebtedness 35,859 — 34,186 — – reverse repurchase agreements – non-trading 242,804 — 201,553 — – financial investments 62,684 (18 ) 59,539 (16 ) – prepayments, accrued income and other assets 6 72,938 (35 ) 75,334 (95 ) Total gross carrying amount on-balance sheet 1,645,418 (8,693 ) 1,599,526 (9,480 ) Loans and other credit-related commitments 592,008 (325 ) 545,258 (376 ) – personal 207,351 (13 ) 196,093 (14 ) – corporate and commercial 271,022 (305 ) 262,391 (355 ) – non-bank financial institutions 7 113,635 (7 ) 86,774 (7 ) Financial guarantees 8 23,518 (93 ) 25,849 (97 ) – personal 927 (1 ) 718 (4 ) – corporate and commercial 17,355 (85 ) 19,965 (89 ) – non-bank financial institutions 5,236 (7 ) 5,166 (4 ) Total nominal amount off-balance sheet 9 615,526 (418 ) 571,107 (473 ) 2,260,944 (9,111 ) 2,170,633 (9,953 ) Fair value Memorandum allowance for ECL 10 Fair value Memorandum allowance for 10 $m $m $m $m Debt instruments measured at fair value through other comprehensive income (‘FVOCI’) 343,110 (84 ) 322,163 (184 ) For footnotes, see page 192 . Maximum exposure to credit risk (Audited) 2018 Maximum exposure Offset Net $m $m $m Loans and advances to customers held at amortised cost 981,696 (29,534 ) 952,162 – personal 391,390 (3,679 ) 387,711 – corporate and commercial 529,025 (23,421 ) 505,604 – non-bank financial institutions 61,281 (2,434 ) 58,847 Loans and advances to banks at amortised cost 72,167 — 72,167 Other financial assets held at amortised cost 585,600 (21,788 ) 563,812 – cash and balances at central banks 162,843 — 162,843 – items in the course of collection from other banks 5,787 — 5,787 – Hong Kong Government certificates of indebtedness 35,859 — 35,859 – reverse repurchase agreements – non-trading 242,804 (21,788 ) 221,016 – financial investments 62,666 — 62,666 – prepayments, accrued income and other assets 75,641 — 75,641 Derivatives 207,825 (194,306 ) 13,519 Total on-balance sheet exposure to credit risk 1,847,288 (245,628 ) 1,601,660 Total off-balance sheet 874,751 — 874,751 – financial and other guarantees 94,810 — 94,810 – loan and other credit-related commitments 779,941 — 779,941 At 31 Dec 2018 2,722,039 (245,628 ) 2,476,411 Maximum exposure to credit risk (Audited) 2017 Maximum exposure Offset Net $m $m $m Derivatives 219,818 (204,829 ) 14,989 Loans and advances to customers held at amortised cost 962,964 (35,414 ) 927,550 – personal 374,762 (2,946 ) 371,816 – corporate and commercial 516,754 (29,459 ) 487,295 – non-bank financial institutions 71,448 (3,009 ) 68,439 Loans and advances to banks at amortised cost 90,393 (273 ) 90,120 Reverse repurchase agreements – non-trading 201,553 (3,724 ) 197,829 Total on–balance sheet exposure to credit risk 2,305,592 (244,240 ) 2,061,352 Total off–balance sheet 771,908 — 771,908 – financial guarantees and similar contracts 23 41,422 — 41,422 – loan and other credit-related commitments 7 730,486 — 730,486 At 31 Dec 2017 3,077,500 (244,240 ) 2,833,260 For footnotes, see page 192 Unamortised balance of derivatives valued using models with significant unobservable inputs 2018 2017 Footnotes $m $m Unamortised balance at 1 Jan 106 99 Deferral on new transactions 161 191 Recognised in the income statement during the year: (158 ) (187 ) – amortisation (96 ) (85 ) – subsequent to unobservable inputs becoming observable (2 ) (2 ) – maturity, termination or offsetting derivative (60 ) (100 ) Exchange differences (4 ) 10 Other (19 ) (7 ) Unamortised balance at 31 Dec 1 86 106 1 This amount is yet to be recognised in the consolidated income statement. |
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments | Reconciliation of changes in gross carrying/nominal amount and allowances for loans and advances to banks and customers including loan commitments and financial guarantees 8 (Audited) Non-credit impaired Credit impaired Stage 1 Stage 2 Stage 3 POCI Total Gross carrying/ nominal amount Allow-ance for ECL Gross carrying/ nominal amount Allow-ance for ECL Gross carrying/ nominal amount Allow-ance for ECL Gross carrying/ nominal amount Allow-ance for ECL Gross carrying/ nominal amount Allow-ance for ECL $m $m $m $m $m $m $m $m $m $m At 1 Jan 2018 1,446,857 (1,469 ) 102,032 (2,406 ) 15,083 (5,722 ) 1,042 (242 ) 1,565,014 (9,839 ) Transfers of financial instruments: (8,747 ) (685 ) 3,582 1,185 5,165 (500 ) — — — — – transfers from stage 1 to stage 2 (84,181 ) 319 84,181 (319 ) — — — — — — – transfers from stage 2 to stage 1 77,325 (999 ) (77,325 ) 999 — — — — — — – transfers to stage 3 (2,250 ) 35 (4,439 ) 607 6,689 (642 ) — — — — – transfers from stage 3 359 (40 ) 1,165 (102 ) (1,524 ) 142 — — — — Net remeasurement of ECL arising from transfer of stage — 620 — (605 ) — (103 ) — — — (88 ) Net new and further lending/repayments 126,868 (512 ) (16,162 ) 564 (2,902 ) 733 (587 ) 42 107,217 827 Changes in risk parameters – credit quality — 423 — (1,087 ) — (2,238 ) — (51 ) — (2,953 ) Changes to model used for ECL calculation — — — — — — — — — — Assets written off — — — — (2,568 ) 2,552 (1 ) 1 (2,569 ) 2,553 Foreign exchange (52,983 ) 76 (2,863 ) 99 (636 ) 232 (26 ) 6 (56,508 ) 413 Others (156 ) 98 (348 ) (28 ) 90 (89 ) (94 ) 50 (508 ) 31 At 31 Dec 2018 1,511,839 (1,449 ) 86,241 (2,278 ) 14,232 (5,135 ) 334 (194 ) 1,612,646 (9,056 ) ECL release/(charge) for the period 531 (1,128 ) (1,608 ) (9 ) (2,214 ) Recoveries 408 Others (87 ) Total change in ECL for the period (1,893 ) For footnotes, see page 192 . At 31 Dec 2018 12 months ended 31 Dec 2018 Gross carrying/nominal amount Allowance for ECL ECL charge $m $m $m As above 1,612,646 (9,056 ) (1,893 ) Other financial assets measured at amortised cost 582,917 (55 ) 21 Non-trading reverse purchase agreement commitments 65,381 — — Summary of financial instruments to which the impairment requirements in IFRS 9 are applied/Summary consolidated income statement 2,260,944 (9,111 ) (1,872 ) Debt instruments measured at FVOCI 343,110 (84 ) 105 Total allowance for ECL/total income statement ECL charge for the period n/a (9,195 ) (1,767 ) Wholesale lending – reconciliation of changes in gross carrying/nominal amount and allowances for loans and advances to banks and customers including loan commitments and financial guarantees 8 (Audited) Non-credit impaired Credit impaired Stage 1 Stage 2 Stage 3 POCI Total Gross carrying/ nominal amount Allowance for ECL Gross carrying/ nominal amount Allowance for ECL Gross carrying/ nominal amount Allowance for ECL Gross carrying/ nominal amount Allowance for ECL Gross carrying/ nominal amount Allowance for ECL $m $m $m $m $m $m $m $m $m $m At 1 Jan 2018 897,529 (873 ) 84,354 (1,249 ) 10,209 (4,410 ) 1,042 (242 ) 993,134 (6,774 ) Transfers of financial instruments (4,477 ) (274 ) 1,535 386 2,942 (112 ) — — — — Net remeasurement of ECL arising from transfer of stage — 262 — (231 ) — (92 ) — — — (61 ) Net new and further lending/repayments 74,107 (271 ) (13,709 ) 342 (2,414 ) 406 (587 ) 42 57,397 519 Changes to risk parameters – credit quality — 157 — (301 ) — (1,041 ) — (51 ) — (1,236 ) Assets written off — — — — (1,182 ) 1,172 (1 ) 1 (1,183 ) 1,173 Foreign exchange and other (36,104 ) 97 (2,777 ) 41 (316 ) 90 (120 ) 56 (39,317 ) 284 At 31 Dec 2018 931,055 (902 ) 69,403 (1,012 ) 9,239 (3,987 ) 334 (194 ) 1,010,031 (6,095 ) ECL release/(charge) for the period 148 (190 ) (727 ) (9 ) (778 ) Recoveries 118 Others (69 ) Total change in ECL for the period (729 ) For footnotes, see page 192 Personal lending – reconciliation of changes in gross carrying/nominal amount and allowances for loans and advances to customers including loan commitments and financial guarantees 8 (Audited) Non-credit impaired Credit impaired Stage 1 Stage 2 Stage 3 Total Gross carrying/ nominal amount Allowance for ECL Gross carrying/ nominal amount Allowance for ECL Gross carrying/ nominal amount Allowance for ECL Gross carrying/ nominal amount Allowance for ECL $m $m $m $m $m $m $m $m At 1 Jan 2018 549,328 (596 ) 17,678 (1,157 ) 4,874 (1,312 ) 571,880 (3,065 ) Transfers of financial instruments (4,270 ) (411 ) 2,047 799 2,223 (388 ) — — Net remeasurement of ECL arising from transfer of stage — 358 — (374 ) — (11 ) — (27 ) Net new and further lending/repayments 52,761 (241 ) (2,453 ) 222 (488 ) 327 49,820 308 Changes to risk parameters – credit quality — 266 — (786 ) — (1,197 ) — (1,717 ) Assets written off — — — — (1,386 ) 1,380 (1,386 ) 1,380 Foreign exchange and other (17,035 ) 77 (434 ) 30 (230 ) 53 (17,699 ) 160 At 31 Dec 2018 580,784 (547 ) 16,838 (1,266 ) 4,993 (1,148 ) 602,615 (2,961 ) ECL release/(charge) for the period 383 (938 ) (881 ) (1,436 ) Recoveries 290 Others (18 ) Total change in ECL for the period (1,164 ) For footnotes, see page 192 Movement in impairment allowances on loans and advances to customers and banks (Audited) Banks individually assessed Customers Individually assessed Collectively assessed Total $m $m $m $m At 1 Jan 2017 — 4,932 2,918 7,850 Amounts written off — (1,468 ) (1,705 ) (3,173 ) Recoveries of loans and advances previously written off — 119 525 644 Charge to income statement — 1,114 878 1,992 Exchange and other movements — 263 (92 ) 171 At 31 Dec 2017 — 4,960 2,524 7,484 Impairment allowances % of loans and advances — 0.5% 0.3% 0.8% |
Disclosure of financial assets and off-balance sheet commitments | Wholesale lending – commercial real estate loans and advances including loan commitments by level of collateral for key countries/territories (by stage) (Audited) Of which: Total UK Hong Kong US Gross carrying/nominal amount ECL coverage Gross carrying/nominal amount ECL coverage Gross carrying/nominal amount ECL coverage Gross carrying/nominal amount ECL coverage $m % $m % $m % $m % Stage 1 Not collateralised 62,123 0.1 10,557 0.2 31,224 — — — Fully collateralised 87,530 0.1 17,766 0.1 39,174 — 4,862 — LTV ratio: – less than 50% 46,983 0.1 8,006 0.1 25,870 — 3,463 — – 51% to 75% 29,621 0.1 8,174 0.1 10,452 0.1 787 — – 76% to 90% 5,167 0.1 1,038 — 1,168 0.1 519 — – 91% to 100% 5,759 0.1 548 0.2 1,684 0.1 93 — Partially collateralised (A): 6,129 0.1 515 0.2 2,130 — — — – collateral value on A 3,735 285 1,401 — Total 155,782 0.1 28,838 0.1 72,528 — 4,862 — Stage 2 Not collateralised 2,249 1.1 446 2.5 1,140 0.2 — — Fully collateralised 4,739 1.3 782 4.5 1,576 0.4 439 0.5 LTV ratio: – less than 50% 2,039 1.1 394 3.6 795 0.4 303 0.7 – 51% to 75% 1,430 0.7 330 1.2 505 0.4 7 — – 76% to 90% 363 5.0 34 44.1 29 — 129 — – 91% to 100% 907 1.0 24 8.3 247 — — — Partially collateralised (B): 261 1.5 24 12.5 15 — — — – collateral value on B 156 20 5 — — Total 7,249 1.2 1,252 3.9 2,731 0.3 439 — Stage 3 Not collateralised 338 57.1 61 85.2 — — — — Fully collateralised 606 12.7 433 9.2 12 — — — LTV ratio: – less than 50% 412 10.0 304 9.2 2 — — — – 51% to 75% 88 27.3 58 6.9 10 — — — – 76% to 90% 38 2.6 35 5.7 — — — — – 91% to 100% 68 16.2 36 16.7 — — — — Partially collateralised (C): 474 56.5 261 42.9 — — — — – collateral value on C 321 137 — — Total 1,418 37.9 755 27.0 12 — — — POCI Not collateralised — — — — — — — — Fully collateralised 15 53.3 — — — — — — LTV ratio: – less than 50% 13 61.5 — — — — — — – 51% to 75% 2 — — — — — — — – 76% to 90% — — — — — — — — – 91% to 100% — — — — — — — — Partially collateralised (C): — — — — — — — — – collateral value on C — — — — Total 15 53.3 — — — — — — At 31 Dec 2018 164,464 0.5 30,845 0.9 75,271 — 5,301 0.1 Wholesale lending – commercial real estate loans and advances including loan commitments by level of collateral for key countries/territories (Audited) Of which: Total UK Hong Kong US Gross carrying/nominal amount ECL coverage Gross carrying/nominal amount ECL coverage Gross carrying/nominal amount ECL coverage Gross carrying/nominal amount ECL coverage $m % $m % $m % $m % Rated CRR/PD1 to 7 Not collateralised 64,324 0.1 11,001 0.2 32,364 — — — Fully collateralised 91,791 0.1 18,112 0.2 40,747 0.1 5,282 0.1 Partially collateralised (A): 6,377 0.2 532 0.6 2,145 — — — – collateral value on A 3,879 299 1,406 — Total 162,492 0.1 29,645 0.3 75,256 — 5,282 0.1 Rated CRR/PD 8 Not collateralised 49 2.0 2 — — — — — Fully collateralised 477 1.5 435 1.1 3 33.3 19 — LTV ratio: – less than 50% 178 1.7 149 1.3 3 33.3 19 — – 51% to 75% 269 0.4 265 0.4 — — — — – 76% to 90% 13 7.7 7 14.3 — — — — – 91% to 100% 17 11.8 14 14.3 — — — — Partially collateralised (B): 13 7.7 8 12.5 — — — — – collateral value on B 12 6 — — Total 539 1.7 445 1.3 3 33.3 19 — Rated CRR/PD9 to 10 Not collateralised 338 57.1 61 85.2 — — — — Fully collateralised 621 13.5 433 9.2 12 — — — LTV ratio: – less than 50% 425 11.5 304 9.2 2 — — — – 51% to 75% 90 26.7 58 6.9 10 — — — – 76% to 90% 38 2.6 35 5.7 — — — — – 91% to 100% 68 16.2 36 16.7 — — — — Partially collateralised (C): 474 56.5 261 42.9 — — — — – collateral value on C 321 137 — — Total 1,433 38.0 755 27.0 12 — — — At 31 Dec 2018 164,464 0.5 30,845 0.9 75,271 — 5,301 0.1 Wholesale lending – other corporate, commercial and financial (non-bank) loans and advances including loan commitments by level of collateral for key countries/territories (by stage) (Audited) Of which: Total UK Hong Kong US Gross carrying/nominal amount ECL coverage Gross carrying/nominal amount ECL coverage Gross carrying/nominal amount ECL coverage Gross carrying/nominal amount ECL coverage $m % $m % $m % $m % Stage 1 Not collateralised 549,536 0.1 154,059 0.2 122,259 — 30,395 — Fully collateralised 234,081 0.1 24,387 0.2 36,730 0.1 93,804 — LTV ratio: – less than 50% 60,405 0.2 4,461 0.4 12,032 0.1 24,922 — – 51% to 75% 82,590 — 9,510 0.2 14,264 0.1 7,267 — – 76% to 90% 15,853 0.1 2,175 0.2 4,567 0.1 4,723 — – 91% to 100% 75,233 — 8,241 — 5,867 0.1 56,892 — Partially collateralised (A): 48,877 0.1 5,551 0.1 21,942 — 747 — – collateral value on A 21,097 2,388 10,263 696 Total 832,494 0.1 183,997 0.2 180,931 — 124,946 — Stage 2 Not collateralised 42,053 1.4 12,364 3.1 6,212 0.4 1,578 1.3 Fully collateralised 24,977 1.0 7,378 1.0 3,378 0.5 9,713 1.1 LTV ratio: – less than 50% 11,915 0.9 5,410 0.6 1,421 0.4 3,711 1.4 – 51% to 75% 5,344 1.3 1,042 3.5 1,290 0.6 810 1.4 – 76% to 90% 1,642 1.5 140 2.9 391 0.5 691 0.3 – 91% to 100% 6,076 0.8 786 0.1 276 0.4 4,501 0.9 Partially collateralised (B): 4,993 0.7 381 3.1 2,287 0.3 — — – collateral value on B 2,074 207 971 — Total 72,023 1.2 20,123 2.3 11,877 0.4 11,291 1.1 Stage 3 Not collateralised 4,990 52.5 1,775 42.1 478 81.2 6 16.7 Fully collateralised 1,660 25.2 513 6.2 146 — 188 9.6 LTV ratio: – less than 50% 596 34.9 181 7.7 11 — 77 22.1 – 51% to 75% 487 10.5 172 1.7 62 — 103 1.0 – 76% to 90% 382 25.4 86 10.5 32 — — — – 91% to 100% 195 31.8 74 8.1 41 — 8 — Partially collateralised (C): 931 44.9 179 22.3 158 15.2 5 60.0 – collateral value on C 429 113 38 2 Total 7,581 45.6 2,467 33.2 782 52.7 199 11.1 POCI Not collateralised 214 69.2 — — 25 20.0 — — Fully collateralised 59 13.6 — — 9 — — — LTV ratio: – less than 50% 12 33.3 — — — — — — – 51% to 75% 16 25.0 — — — — — — – 76% to 90% 22 — — — — — — — – 91% to 100% 9 — — — 9 — — — Partially collateralised (C): 43 72.1 8 — 35 85.7 — — – collateral value on C 38 3 34 — Total 316 59.2 8 — 69 50.7 — — At 31 Dec 2018 912,414 0.6 206,595 0.8 193,659 0.3 136,436 0.1 Wholesale lending – other corporate, commercial and financial (non-bank) loans and advances including loan commitments by level of collateral for key countries/territories (Audited) Of which: Total UK Hong Kong US Gross carrying/nominal amount ECL coverage Gross carrying/nominal amount ECL coverage Gross carrying/nominal amount ECL coverage Gross carrying/nominal amount ECL coverage $m % $m % $m % $m % Rated CRR/ PD8 Not collateralised 1,243 5.4 565 6.2 94 7.4 191 5.2 Fully collateralised 1,895 3.6 74 4.1 11 9.1 1,621 3.1 LTV ratio: – less than 50% 693 4.2 21 4.8 — — 594 4.2 – 51% to 75% 292 2.7 49 2.0 11 9.1 169 2.4 – 76% to 90% 45 15.6 2 — — — 20 — – 91% to 100% 865 2.8 2 — — — 838 — Partially collateralised (A): 212 2.8 23 4.3 153 1.3 — — – collateral value on A 84 14 49 — Total 3,350 4.2 662 6 258 3.9 1,812 3.4 Rated CRR/ PD9 to 10 Not collateralised 5,199 53.2 1,775 42.1 503 78.1 6 16.7 Fully collateralised 1,719 24.8 513 6.2 155 — 188 9.6 LTV ratio: – less than 50% 608 36.0 181 7.7 11 — 77 22.1 – 51% to 75% 503 8.7 172 1.7 62 — 103 1.0 – 76% to 90% 405 24.2 86 10.5 32 — — — – 91% to 100% 203 31.5 74 8.1 50 — 8 — Partially collateralised (B): 974 46.1 187 21.9 193 28.0 5 60.0 – collateral value on B 466 116 73 2 Total 7,892 46.1 2,475 33.2 851 52.6 199 11.1 At 31 Dec 2018 11,242 33.7 3,137 27.4 1,109 41.3 2,011 4.2 Personal lending – residential mortgage loans including loan commitments by level of collateral for key countries/territories by stage (Audited) Of which: Total UK Hong Kong US Gross carrying/nominal amount ECL coverage Gross carrying/nominal amount ECL coverage Gross carrying/nominal amount ECL coverage Gross carrying/nominal amount ECL coverage $m % $m % $m % $m % Stage 1 Fully collateralised 299,072 — 130,646 — 79,180 — 15,321 — LTV ratio: – less than 50% 160,563 — 66,834 — 54,262 — 8,060 — – 51% to 60% 51,415 — 20,937 — 11,591 — 3,382 — – 61% to 70% 40,273 — 17,480 — 5,979 — 2,473 — – 71% to 80% 28,383 — 15,086 — 2,986 — 1,113 — – 81% to 90% 14,191 — 8,824 — 2,637 — 158 — – 91% to 100% 4,247 0.1 1,485 — 1,725 — 135 — Partially collateralised (A): 1,420 0.1 581 — 300 — 10 — LTV ratio: – 101% to 110% 808 0.1 334 — 256 — 5 — – 111% to 120% 184 0.2 46 — 41 — 2 — – greater than 120% 428 0.2 201 — 3 — 3 — Collateral value on A 1,266 493 284 8 Total 300,492 — 131,227 — 79,480 — 15,331 — Stage 2 Fully collateralised 6,170 1.0 1,234 1.3 867 — 1,435 0.3 LTV ratio: – less than 50% 3,334 0.7 917 0.9 699 — 814 0.1 – 51% to 60% 932 1.1 113 3.0 74 — 268 0.4 – 61% to 70% 853 1.0 105 2.2 43 — 231 0.3 – 71% to 80% 586 1.3 39 3.4 28 — 79 0.9 – 81% to 90% 331 1.7 27 3.1 20 — 32 1.6 – 91% to 100% 134 2.4 33 1.5 3 — 11 0.8 Partially collateralised (B): 123 2.9 46 0.2 1 — 5 0.3 LTV ratio: – 101% to 110% 76 1.5 44 0.1 1 — 3 0.5 – 111% to 120% 17 4.5 1 4.3 — — 1 — – greater than 120% 30 5.3 1 0.6 — — 1 — Collateral value on B 118 44 1 4 Total 6,293 1.0 1,280 1.3 868 — 1,440 0.3 Stage 3 Fully collateralised 2,557 12.3 1,023 10.9 25 0.9 671 1.0 LTV ratio: – less than 50% 1,255 13.6 638 7.8 24 0.9 219 0.9 – 51% to 60% 359 8.3 151 11.3 1 — 107 0.9 – 61% to 70% 336 12.0 119 18.4 — — 105 1.0 – 71% to 80% 280 9.9 70 14.8 — — 114 0.9 – 81% to 90% 190 9.4 33 19.4 — — 81 1.2 – 91% to 100% 137 19.8 12 45.9 — — 45 2.2 Partially collateralised (C): 391 33.6 23 15.8 — — 24 0.4 LTV ratio: – 101% to 110% 73 17.4 10 14.3 — — 14 0.6 – 111% to 120% 68 24.2 5 26.4 — — 6 0.3 – greater than 120% 250 40.8 8 11.1 — — 4 0.2 Collateral value on C 372 20 — 22 Total 2,948 15.1 1,046 11.0 25 0.9 695 1.0 At 31 Dec 2018 309,733 0.2 133,553 0.1 80,373 — 17,466 0.1 Commercial real estate loans and advances including loan commitments by level of collateral (Audited) Of which: Total UK Hong Kong US $m $m $m $m Rated CRR/ EL1 to 7 Not collateralised 44,551 5,187 31,100 — Fully collateralised 75,633 20,711 31,768 4,742 Partially collateralised (A) 5,523 963 1,557 — – Collateral value on A 3,621 564 752 — Total 125,707 26,861 64,425 4,742 Rated CRR/ EL8 Not collateralised 6 4 — — Fully collateralised 221 128 — 54 – LTV ratio: less than 50% 67 64 — — – 51% to 75% 40 31 — — – 76% to 90% 89 19 — 54 – 91% to 100% 25 14 — — Partially collateralised (B): 71 54 — — – Collateral value on B 43 40 — — Total 298 186 — 54 Rated CRR/ EL9 to 10 Not collateralised 63 46 — 1 Fully collateralised 717 376 12 — – LTV ratio: less than 50% 157 60 9 — – 51% to 75% 173 149 1 — – 76% to 90% 141 122 1 — – 91% to 100% 246 45 1 — Partially collateralised (C): 486 350 — — – Collateral value on C 295 189 — — Total 1,266 772 12 1 At 31 Dec 2017 127,271 27,819 64,437 4,797 Other corporate, commercial and non-bank financial institutions loans and advances including loan commitments by level of collateral rated CRR/EL 8 to 10 only (Audited) Of which: Total UK Hong Kong US $m $m $m $m Rated CRR/ EL8 Not collateralised 3,722 319 15 1,708 Fully collateralised 554 104 5 48 – LTV ratio: less than 50% 188 25 3 7 – 51% to 75% 157 66 2 34 – 76% to 90% 39 11 — 2 – 91% to 100% 170 2 — 5 Partially collateralised (A): 493 92 135 42 – Collateral value on A 206 59 10 21 Total 4,769 515 155 1,798 Rated CRR/ EL9 to 10 Not collateralised 3,734 1,508 511 3 Fully collateralised 2,572 1,223 98 317 – less than 50% 804 516 60 — – 51% to 75% 606 403 10 6 – 76% to 90% 398 235 21 — – 91% to 100% 764 69 7 311 Partially collateralised (B): 1,750 398 167 425 – Collateral value on B 877 209 123 300 Total 8,056 3,129 776 745 At 31 Dec 2017 12,825 3,644 931 2,543 Residential mortgage loans including loan commitments by level of collateral (Audited) Of which: Total UK Hong Kong US $m $m $m $m Non-impaired loans and advances Fully collateralised 287,088 124,736 72,073 16,240 – LTV ratio: less than 50% 164,110 69,679 55,237 7,868 – 51% to 60% 48,287 20,706 8,340 4,180 – 61% to 70% 37,054 15,422 3,282 2,832 – 71% to 80% 25,893 11,992 3,402 1,312 – 81% to 90% 9,445 5,824 1,376 42 – 91% to 100% 2,299 1,113 436 6 Partially collateralised: Greater than 100% (A) 660 174 — — – 101% to 110% 270 89 — — – 111% to 120% 121 16 — — – greater than 120% 269 69 — — Collateral on A 550 125 — — Non-impaired loans and advances 287,748 124,910 72,073 16,240 Impaired loans and advances Fully collateralised 3,004 1,008 46 1,138 – LTV ratio: less than 50% 1,238 538 42 414 – 51% to 60% 518 196 3 207 – 61% to 70% 416 130 — 178 – 71% to 80% 354 85 1 160 – 81% to 90% 323 40 — 115 – 91% to 100% 155 19 — 64 Partially collateralised: Greater than 100% (B) 342 38 — 36 – 101% to 110% 101 15 — 19 – 111% to 120% 61 5 — 11 – greater than 120% 180 18 — 6 Collateral on B 269 31 — 33 Impaired loans and advances 3,346 1,046 46 1,174 At 31 Dec 2017 291,094 125,956 72,119 17,414 |
Disclosure of balance sheet amounts related to insurance manufacturing subsidiaries | Balance sheet of insurance manufacturing subsidiaries by type of contract (Audited) With DPF Unit-linked Other contracts 40 Shareholder Total Footnotes $m $m $m $m $m Financial assets 66,735 7,337 15,552 7,120 96,744 – trading assets — — — — — – financial assets designated and otherwise mandatorily measured at fair value through profit or loss 17,855 7,099 3,024 1,264 29,242 – derivatives 200 — 33 4 237 – financial investments at amortised cost 33,575 70 11,597 4,171 49,413 – financial investments at fair value through other comprehensive income 11,499 — 450 1,385 13,334 – other financial assets 41 3,606 168 448 296 4,518 Reinsurance assets 1,255 69 1,368 — 2,692 PVIF 42 — — — 7,149 7,149 Other assets and investment properties 2,670 2 235 453 3,360 Total assets 70,660 7,408 17,155 14,722 109,945 Liabilities under investment contracts designated at fair value — 1,574 3,884 — 5,458 Liabilities under insurance contracts 69,269 5,789 12,272 — 87,330 Deferred tax 43 179 21 15 1,051 1,266 Other liabilities — — — 3,659 3,659 Total liabilities 69,448 7,384 16,171 4,710 97,713 Total equity — — — 12,232 12,232 Total liabilities and equity at 31 Dec 2018 69,448 7,384 16,171 16,942 109,945 For footnotes, see page 192 . Balance sheet of insurance manufacturing subsidiaries by type of contract (continued) (Audited) With DPF Unit-linked Other contracts 40 Shareholder Total Footnotes $m $m $m $m $m Financial assets 65,112 9,081 14,849 6,662 95,704 – trading assets — — — — — – financial assets designated at fair value 15,533 8,814 2,951 1,259 28,557 – derivatives 286 — 13 41 340 – financial investments – HTM 44 29,302 — 6,396 3,331 39,029 – financial investments – AFS 44 15,280 — 4,836 1,877 21,993 – other financial assets 41 4,711 267 653 154 5,785 Reinsurance assets 1,108 274 1,154 — 2,536 PVIF 42 — — — 6,610 6,610 Other assets and investment properties 1,975 2 164 1,126 3,267 Total assets 68,195 9,357 16,167 14,398 108,117 Liabilities under investment contracts designated at fair value — 1,750 3,885 — 5,635 Liabilities under insurance contracts 67,137 7,548 10,982 — 85,667 Deferred tax 43 14 6 9 1,230 1,259 Other liabilities — — — 3,325 3,325 Total liabilities 67,151 9,304 14,876 4,555 95,886 Total equity — — — 12,231 12,231 Total liabilities and equity at 31 Dec 2017 67,151 9,304 14,876 16,786 108,117 For footnotes, see page 192 . Balance sheet of insurance manufacturing subsidiaries by geographical region 45 (Audited) Europe Asia Latin Total Footnotes $m $m $m $m Financial assets 28,631 66,793 1,320 96,744 – trading assets — — — — – financial assets designated and otherwise mandatorily measured at fair value through profit or loss 13,142 15,774 326 29,242 – derivatives 121 116 — 237 – financial investments – at amortised cost 296 48,595 522 49,413 – financial investments – at fair value through other comprehensive income 12,453 440 441 13,334 – other financial assets 41 2,619 1,868 31 4,518 Reinsurance assets 249 2,438 5 2,692 PVIF 42 832 6,195 122 7,149 Other assets and investment properties 1,053 2,280 27 3,360 Total assets 30,765 77,706 1,474 109,945 Liabilities under investment contracts designated at fair value 780 4,678 — 5,458 Liabilities under insurance contracts 26,375 59,829 1,126 87,330 Deferred tax 43 209 1,050 7 1,266 Other liabilities 1,690 1,911 58 3,659 Total liabilities 29,054 67,468 1,191 97,713 Total equity 1,711 10,238 283 12,232 Total liabilities and equity at 31 Dec 2018 30,765 77,706 1,474 109,945 Financial assets 30,231 63,973 1,500 95,704 – trading assets — — — — – financial assets designated at fair value 12,430 15,633 494 28,557 – derivatives 169 171 — 340 – financial investments – HTM 44 — 38,506 523 39,029 – financial investments – AFS 44 15,144 6,393 456 21,993 – other financial assets 41 2,488 3,270 27 5,785 Reinsurance assets 469 2,063 4 2,536 PVIF 42 773 5,709 128 6,610 Other assets and investment properties 1,666 1,577 24 3,267 Total assets 33,139 73,322 1,656 108,117 Liabilities under investment contracts designated at fair value 739 4,896 — 5,635 Liabilities under insurance contracts 28,416 56,047 1,204 85,667 Deferred tax 43 217 1,033 9 1,259 Other liabilities 2,043 1,209 73 3,325 Total liabilities 31,415 63,185 1,286 95,886 Total equity 1,724 10,137 370 12,231 Total liabilities and equity at 31 Dec 2017 33,139 73,322 1,656 108,117 For footnotes, see page 192 . |
Disclosure of financial return guarantees | Financial return guarantees (Audited) 2018 2017 Investment returns implied by guarantee Long-term investment returns on relevant portfolios Cost of guarantees Investment returns implied by guarantee Long-term investment returns on relevant portfolios Cost of guarantees Footnotes % % $m % % $m Capital 0.0 2.2–3.0 100 0.0 2.3–3.2 103 Nominal annual return 0.1–2.0 3.6–3.7 78 0.1–2.0 3.2–3.7 64 Nominal annual return 46 2.1–4.0 2.7–4.6 420 2.1–4.0 3.2–4.4 459 Nominal annual return 4.1–5.0 2.7–4.1 71 4.1–5.0 3.2–4.1 70 At 31 Dec 669 696 For footnotes, see page 192 . |
Disclosure of sensitivity analysis to insurance risk factors | Sensitivity of HSBC’s insurance manufacturing subsidiaries to market risk factors (Audited) 2018 2017 Effect on profit after tax Effect on total equity Effect on profit after tax Effect on total equity $m $m $m $m +100 basis point parallel shift in yield curves 9 (61 ) 42 (583 ) -100 basis point parallel shift in yield curves (28 ) 46 (140 ) 617 10% increase in equity prices 213 213 223 237 10% decrease in equity prices (202 ) (202 ) (225 ) (239 ) 10% increase in US dollar exchange rate compared with all currencies 36 36 24 24 10% decrease in US dollar exchange rate compared with all currencies (36 ) (36 ) (24 ) (24 ) Sensitivity analysis (Audited) 2018 2017 $m $m Effect on profit after tax and total equity 10% increase in mortality and/or morbidity rates (77 ) (77 ) 10% decrease in mortality and/or morbidity rates 82 82 10% increase in lapse rates (95 ) (93 ) 10% decrease in lapse rates 107 106 10% increase in expense rates (92 ) (92 ) 10% decrease in expense rates 93 91 |
Disclosure of expected maturity of insurance contract liabilities | Expected maturity of insurance contract liabilities (Audited) Expected cash flows (undiscounted) Within 1 year 1-5 years 5-15 years Over 15 years Total $m $m $m $m $m Unit-linked 1,119 2,932 2,684 1,962 8,697 With DPF and Other contracts 7,459 27,497 46,217 55,989 137,162 At 31 Dec 2018 8,578 30,429 48,901 57,951 145,859 Unit-linked 969 3,041 4,695 6,814 15,519 With DPF and Other contracts 6,916 26,453 43,784 45,334 122,487 At 31 Dec 2017 7,885 29,494 48,479 52,148 138,006 |
Disclosure of asset-backed securities | Carrying amount of HSBC’s consolidated holdings of ABSs Trading Financial investments at FVOCI Held at amortised cost Financial assets designated and otherwise mandatorily measured at fair value through profit and loss Total Of which $m $m $m $m $m $m Mortgage-related assets 1,680 15,422 15,498 127 32,727 208 – sub-prime residential 17 587 — — 604 50 – US Alt-A residential — 87 2 94 183 42 – US Government agency and sponsored enterprises: MBSs 22 153 14,627 14,657 — 29,437 — – UK buy-to-let residential — — — — — — – other residential 924 15 780 — 1,719 10 – commercial property 586 106 59 33 784 106 Leveraged finance-related assets 306 40 — 21 367 200 Student loan-related assets 149 1,815 — 1 1,965 1,800 Auto finance-related assets 282 — 2,577 — 2,859 — Other assets 1,136 718 2,323 7 4,184 204 At 31 Dec 2018 3,553 17,995 20,398 156 42,102 2,412 |
Disclosure of funding sources and uses | Funding sources 2018 2017 $m $m Customer accounts 1,362,643 1,364,462 Deposits by banks 56,331 69,922 Repurchase agreements – non-trading 165,884 130,002 Debt securities in issue 85,342 64,546 Cash collateral, margin and settlement accounts 54,066 N/A Liabilities of disposal groups held for sale 313 1,286 Subordinated liabilities 22,437 19,826 Financial liabilities designated at fair value 148,505 94,429 Liabilities under insurance contracts 87,330 85,667 Trading liabilities 84,431 184,361 – repos 1,495 2,255 – stock lending 10,998 8,363 – settlement accounts N/A 11,198 – other trading liabilities 71,938 162,545 Total equity 194,249 197,871 Other balance sheet liabilities 296,593 309,399 At 31 Dec 2,558,124 2,521,771 Funding uses 2018 2017 Footnotes $m $m Loans and advances to customers 981,696 962,964 Loans and advances to banks 72,167 90,393 Reverse repurchase agreements – non-trading 242,804 201,553 Prepayments, accrued income and other assets 5,6 47,159 N/A Cash collateral, margin and settlement accounts 47,159 N/A Assets held for sale 735 781 Trading assets 238,130 287,995 – reverse repos 9,893 10,224 – stock borrowing 8,387 6,895 – settlement accounts N/A 15,258 – other trading assets 219,850 255,618 Financial investments 407,433 389,076 Cash and balances with central banks 162,843 180,624 Other balance sheet assets 405,157 408,385 At 31 Dec 2,558,124 2,521,771 For footnotes, see page 192 . |
Disclosure of funding cash flows payable by remaining contractual maturities | Cash flows payable by HSBC under financial liabilities by remaining contractual maturities (Audited) On Due within Due between Due between Due after Footnotes $m $m $m $m $m Deposits by banks 35,544 10,482 2,419 7,507 556 Customer accounts 1,082,007 211,811 62,963 7,617 130 Repurchase agreements – non-trading 5,929 156,752 2,487 950 — Trading liabilities 33 84,431 — — — — Financial liabilities designated at fair value 33 217 8,737 15,591 75,578 89,261 Derivatives 204,062 360 927 2,065 1,323 Debt securities in issue 236 18,253 24,902 36,599 13,656 Subordinated liabilities — 438 793 7,600 27,670 Other financial liabilities 100,268 19,056 4,694 2,367 1,260 1,512,694 425,889 114,776 140,283 133,856 Loan and other credit-related commitments 685,650 92,186 1,109 944 377 Financial guarantees 8 22,942 113 289 160 14 At 31 Dec 2018 2,221,286 518,188 116,174 141,387 134,247 Proportion of cash flows payable in period 71% 17% 4% 5% 4% Deposits by banks 48,247 10,596 1,877 7,814 1,508 Customer accounts 1,159,962 153,018 44,348 7,238 675 Repurchase agreements – non-trading 20,550 106,236 2,270 1,085 — Trading liabilities 184,361 — — — — Financial liabilities designated at fair value 715 1,249 7,117 39,596 59,428 Derivatives 212,797 219 1,221 3,170 1,506 Debt securities in issue 11 12,624 21,066 25,654 11,092 Subordinated liabilities 3 2,227 841 7,011 21,775 Other financial liabilities 48,407 18,780 3,701 1,994 1,314 1,675,053 304,949 82,441 93,562 97,298 Loan and other credit-related commitments 7 570,132 138,542 10,602 7,860 2,350 Financial guarantees 8,34 23,944 268 821 785 31 At 31 Dec 2017 2,269,129 443,759 93,864 102,207 99,679 Proportion of cash flows payable in period 75% 15% 3% 4% 3% For footnotes, see page 192 . Cash flows payable by HSBC Holdings under financial liabilities by remaining contractual maturities (Audited) On Due within Due between Due between Due after Footnotes $m $m $m $m $m Amounts owed to HSBC undertakings — 949 — — — Financial liabilities designated at fair value — 237 2,656 14,384 11,653 Derivatives 1,321 — — 339 499 Debt securities in issue — 379 1,159 29,178 30,801 Subordinated liabilities — 248 757 4,019 25,311 Other financial liabilities — 675 228 — — 1,321 2,488 4,800 47,920 68,264 Loan commitments — — — — — Financial guarantees 8 8,627 — — — — At 31 Dec 2018 9,948 2,488 4,800 47,920 68,264 Amounts owed to HSBC undertakings — 2,525 46 — — Financial liabilities designated at fair value — 286 875 16,554 19,465 Derivatives 2,008 — — 293 781 Debt securities in issue — 232 1,787 13,975 26,452 Subordinated liabilities — 2,113 537 2,852 20,944 Other financial liabilities — 849 200 — — 2,008 6,005 3,445 33,674 67,642 Loan commitments — — — — — Financial guarantees 8 7,778 — — — — At 31 Dec 2017 9,786 6,005 3,445 33,674 67,642 For footnotes, see page 192 . |
Disclosure of funding cash flows payable by remaining contractual maturities | Cash flows payable by HSBC under financial liabilities by remaining contractual maturities (Audited) On Due within Due between Due between Due after Footnotes $m $m $m $m $m Deposits by banks 35,544 10,482 2,419 7,507 556 Customer accounts 1,082,007 211,811 62,963 7,617 130 Repurchase agreements – non-trading 5,929 156,752 2,487 950 — Trading liabilities 33 84,431 — — — — Financial liabilities designated at fair value 33 217 8,737 15,591 75,578 89,261 Derivatives 204,062 360 927 2,065 1,323 Debt securities in issue 236 18,253 24,902 36,599 13,656 Subordinated liabilities — 438 793 7,600 27,670 Other financial liabilities 100,268 19,056 4,694 2,367 1,260 1,512,694 425,889 114,776 140,283 133,856 Loan and other credit-related commitments 685,650 92,186 1,109 944 377 Financial guarantees 8 22,942 113 289 160 14 At 31 Dec 2018 2,221,286 518,188 116,174 141,387 134,247 Proportion of cash flows payable in period 71% 17% 4% 5% 4% Deposits by banks 48,247 10,596 1,877 7,814 1,508 Customer accounts 1,159,962 153,018 44,348 7,238 675 Repurchase agreements – non-trading 20,550 106,236 2,270 1,085 — Trading liabilities 184,361 — — — — Financial liabilities designated at fair value 715 1,249 7,117 39,596 59,428 Derivatives 212,797 219 1,221 3,170 1,506 Debt securities in issue 11 12,624 21,066 25,654 11,092 Subordinated liabilities 3 2,227 841 7,011 21,775 Other financial liabilities 48,407 18,780 3,701 1,994 1,314 1,675,053 304,949 82,441 93,562 97,298 Loan and other credit-related commitments 7 570,132 138,542 10,602 7,860 2,350 Financial guarantees 8,34 23,944 268 821 785 31 At 31 Dec 2017 2,269,129 443,759 93,864 102,207 99,679 Proportion of cash flows payable in period 75% 15% 3% 4% 3% For footnotes, see page 192 . Cash flows payable by HSBC Holdings under financial liabilities by remaining contractual maturities (Audited) On Due within Due between Due between Due after Footnotes $m $m $m $m $m Amounts owed to HSBC undertakings — 949 — — — Financial liabilities designated at fair value — 237 2,656 14,384 11,653 Derivatives 1,321 — — 339 499 Debt securities in issue — 379 1,159 29,178 30,801 Subordinated liabilities — 248 757 4,019 25,311 Other financial liabilities — 675 228 — — 1,321 2,488 4,800 47,920 68,264 Loan commitments — — — — — Financial guarantees 8 8,627 — — — — At 31 Dec 2018 9,948 2,488 4,800 47,920 68,264 Amounts owed to HSBC undertakings — 2,525 46 — — Financial liabilities designated at fair value — 286 875 16,554 19,465 Derivatives 2,008 — — 293 781 Debt securities in issue — 232 1,787 13,975 26,452 Subordinated liabilities — 2,113 537 2,852 20,944 Other financial liabilities — 849 200 — — 2,008 6,005 3,445 33,674 67,642 Loan commitments — — — — — Financial guarantees 8 7,778 — — — — At 31 Dec 2017 9,786 6,005 3,445 33,674 67,642 For footnotes, see page 192 . |
Disclosure of value at risk (VaR) | The Group trading VaR for the year is shown in the table below. Trading VaR, 99% 1 day 35 (Audited) Foreign exchange and commodity Interest rate Equity Credit spread Portfolio diversification 36 Total 37 $m $m $m $m $m $m Balance at 31 Dec 2018 12.6 33.9 22.6 25.9 (37.9 ) 57.1 Average 9.5 36.4 22.5 20.7 (34.3 ) 54.8 Maximum 21.8 49.9 33.8 35.2 71.2 Minimum 5.5 27.0 13.5 12.2 43.9 Balance at 31 Dec 2017 7.4 30.8 32.6 31.1 (38.2 ) 63.7 Average 10.4 38.2 16.7 15.4 (32.9 ) 47.8 Maximum 23.0 67.1 32.6 31.8 70.8 Minimum 4.9 27.2 9.1 5.1 36.6 For footnotes, see page 192 . The Group non-trading VaR for the year is shown in the table below. Non-trading VaR, 99% 1 day (Audited) Interest rate Credit spread Portfolio 36 Total 37 $m $m $m $m Balance at 31 Dec 2018 61.4 37.2 (30.6 ) 68.0 Average 96.8 48.3 (29.1 ) 116.0 Maximum 129.3 96.0 154.1 Minimum 59.9 27.6 68.0 Balance at 31 Dec 2017 88.5 46.7 (38.9 ) 96.3 Average 119.0 46.1 (36.9 ) 128.2 Maximum 164.1 71.9 183.8 Minimum 88.5 24.5 93.3 For footnotes, see page 192 . |
Report Of The Directors Finan_4
Report Of The Directors Financial Review Capital Report (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Report Of The Directors Financial Review Capital Report [Abstract] | |
Disclosure of capital requirements under banking regulations | Own funds disclosure (Audited) At 31 Dec 31 Dec 1 2018 2017 Ref * $m $m Common equity tier 1 (‘CET1’) capital: instruments and reserves 1 Capital instruments and the related share premium accounts 22,384 18,932 – ordinary shares 22,384 18,932 2 Retained earnings 121,180 124,679 3 Accumulated other comprehensive income (and other reserves) 3,368 9,433 5 Minority interests (amount allowed in consolidated CET1) 4,854 4,905 5a Independently reviewed interim net profits net of any foreseeable charge or dividend 3,697 608 6 Common equity tier 1 capital before regulatory adjustments 155,483 158,557 Common equity tier 1 capital: regulatory adjustments 7 Additional value adjustments (1,180 ) (1,146 ) 8 Intangible assets (net of related deferred tax liability) (17,323 ) (16,872 ) 10 Deferred tax assets that rely on future profitability excluding those arising from temporary differences (net of related tax liability) (1,042 ) (1,181 ) 11 Fair value reserves related to gains or losses on cash flow hedges 135 208 12 Negative amounts resulting from the calculation of expected loss amounts (1,750 ) (2,820 ) 14 Gains or losses on liabilities at fair value resulting from changes in own credit standing 298 3,731 15 Defined-benefit pension fund assets (6,070 ) (6,740 ) 16 Direct and indirect holdings of own CET1 instruments (40 ) (40 ) 19 Direct, indirect and synthetic holdings by the institution of the CET1 instruments of financial sector entities where the institution has a significant investment in those entities (amount above 10% threshold and net of eligible short positions) (7,489 ) (7,553 ) 28 Total regulatory adjustments to common equity tier 1 (34,461 ) (32,413 ) 29 Common equity tier 1 capital 121,022 126,144 Additional tier 1 (‘AT1’) capital: instruments 30 Capital instruments and the related share premium accounts 22,367 16,399 31 – classified as equity under IFRSs 22,367 16,399 33 Amount of qualifying items and the related share premium accounts subject to phase out from AT1 2,297 6,622 34 Qualifying tier 1 capital included in consolidated AT1 capital (including minority interests not included in CET1) issued by subsidiaries and held by third parties 1,516 1,901 35 – of which: instruments issued by subsidiaries subject to phase out 1,298 1,374 36 Additional tier 1 capital before regulatory adjustments 26,180 24,922 Additional tier 1 capital: regulatory adjustments 37 Direct and indirect holdings of own AT1 instruments (60 ) (60 ) 41b Residual amounts deducted from AT1 capital with regard to deduction from tier 2 (‘T2’) capital during the transitional period N/A (52 ) – Direct and indirect holdings by the institution of the T2 instruments and subordinated loans of financial sector entities where the institution has a significant investment in those entities N/A (52 ) 43 Total regulatory adjustments to additional tier 1 capital (60 ) (112 ) 44 Additional tier 1 capital 26,120 24,810 45 Tier 1 capital 147,142 150,954 Tier 2 capital: instruments and provisions 46 Capital instruments and the related share premium accounts 25,056 16,880 47 Amount of qualifying items and the related share premium accounts subject to phase out from T2 N/A 4,746 48 Qualifying own funds instruments included in consolidated T2 capital (including minority interests and AT1 instruments not included in CET1 or AT1) issued by subsidiaries and held by third parties 1,673 10,306 49 – of which: instruments issued by subsidiaries subject to phase out 1,585 10,236 51 Tier 2 capital before regulatory adjustments 26,729 31,932 Tier 2 capital: regulatory adjustments 52 Direct and indirect holdings of own T2 instruments (40 ) (40 ) 55 Direct and indirect holdings by the institution of the T2 instruments and subordinated loans of financial sector entities where the institution has a significant investment in those entities (net of eligible short positions) (593 ) (463 ) 57 Total regulatory adjustments to tier 2 capital (633 ) (503 ) 58 Tier 2 capital 26,096 31,429 59 Total capital 173,238 182,383 * The references identify the lines prescribed in the European Banking Authority (‘EBA’) template, which are applicable and where there is a value. For footnotes, see page 196 |
Report of Directors Corporate_2
Report of Directors Corporate Governance (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Report Of Directors Corporate Governance [Abstract] | |
Disclosure of remuneration of executive Directors | (in £000) Base salary Fixed pay allowance Cash in lieu of pension Annual incentive AML DPA Award 38 LTI 39 Sub-total Taxable benefits Non-taxable benefits Notional returns Total John Flint 40 2018 1,028 1,459 308 1,665 — — 4,460 40 28 54 4,582 2017 — — — — — — — — — — — Stuart Gulliver 41,43 2018 171 241 51 282 1,530 — 2,275 65 6 41 2,387 2017 1,250 1,700 375 2,127 — — 5,452 500 71 63 6,086 Iain Mackay 42,43 2018 700 950 210 1,088 1,057 — 4,005 80 44 33 4,162 2017 700 950 210 1,334 — — 3,194 64 37 42 3,337 Marc Moses 2018 700 950 210 1,324 695 — 3,879 13 38 33 3,963 2017 700 950 210 1,358 — — 3,218 16 38 42 3,314 Ñ For footnotes, see page 89 . The values of the significant benefits in the single figure table are set out in the following table. (Audited) Car benefit (UK and Hong Kong) 1 Hong Kong bank-owned accommodation 1,2 Tax expense on car benefit and Hong Kong bank-owned accommodation 1 Insurance benefit (non-taxable) 1 (£000) (£000) (£000) (£000) Stuart Gulliver 2018 — — — — 2017 — 282 164 63 1 The car benefit, Hong Kong bank-owned accommodation, tax on benefits and insurance benefits for 2018 for all executive Directors are not included in the above table as they were not significant. Taxable benefits during 2018 for Stuart Gulliver as an executive Director includes £41,711 in respect of Hong Kong bank-owned accommodation and £17,117 in respect of tax expense on car benefit and Hong Kong bank-owned accommodation. Further details regarding Stuart Gulliver's benefits between 21 February 2018 and 11 October 2018 are available on page 235 . 2 Taxable value determined based on the current market rental value of the bank-owned property in Hong Kong, as estimated by an external lease service provider, plus utility costs, rates, the taxable value of furniture and taking into account the business use of the property. The following table shows the single figure total remuneration of each executive Director for 2018, together with comparative figures Single figure of remuneration Base Fixed pay allowance Cash in lieu of pension Annual incentive AML DPA award 1 LTI 2 Sub-total Taxable benefits Non-taxable benefits Notional returns Total (£000) (£000) (£000) (£000) (£000) (£000) (£000) (£000) (£000) (£000) (£000) John Flint 3 2018 1,028 1,459 308 1,665 — — 4,460 40 28 54 4,582 2017 — — — — — — — — — — — Stuart Gulliver 4, 6 2018 171 241 51 282 1,530 — 2,275 65 6 41 2,387 2017 1,250 1,700 375 2,127 — — 5,452 500 71 63 6,086 Iain Mackay 5, 6 2018 700 950 210 1,088 1,057 — 4,005 80 44 33 4,162 2017 700 950 210 1,334 — — 3,194 64 37 42 3,337 Marc Moses 2018 700 950 210 1,324 695 — 3,879 13 38 33 3,963 2017 700 950 210 1,358 — — 3,218 16 38 42 3,314 1 60% of the 2012 annual incentive for Stuart Gulliver and Iain Mackay disclosed in the 2012 Directors’ remuneration report was deferred for five years . The vesting of these awards was subject to a service condition and satisfactory completion of the five -year deferred prosecution agreement ('AML DPA') with the US Department of Justice ('DoJ'). The AML DPA condition was satisfied in March 2018 and the awards were released to the executive Directors . For Marc Moses, the value of the award attributable to services provided as an executive Director between 1 January 2014 and the vesting date has been included in the table. 2 The first LTI award was made in February 2017, with a performance period ending in 2019. Vesting of the first LTI award will be included in the single figure table for the financial year ending on 31 December 2019. 3 John Flint succeeded Stuart Gulliver as Group Chief Executive with effect from 21 February 2018 and his remuneration in the single figure table of remuneration is in respect of services provided as an executive Director. For services rendered between 1 January 2018 and 20 February 2018, he received a salary of £ 97,139 , fixed pay allowance of £ 130,236 , cash in lieu of pension of £ 28,000 and an annual incentive award of £271,000 . 4 Stuart Gulliver stepped down from the Board on 20 February 2018 and retired from the Group on 11 October 2018. His remuneration in the single figure table of remuneration is in respect of services provided as an executive Director. Further details can be found on page 235 . 5 Iain Mackay stepped down as executive Director and Group Finance Director on 31 December 2018. 6 To meet regulatory deferral requirements for 2018, 60% of the annual incentive award of Stuart Gulliver and Iain Mackay will be deferred in awards linked to HSBC's shares and will vest in five equal instalments between the third and seventh anniversary of the grant date. On vesting the awards will be subject to a one-year retention period. The deferred awards are subject to the executive Director maintaining a good leaver status during the deferral period. |
Disclosure of performance achieved by executive Directors | The performance achieved by executive Directors in the year is shown in the table below. For John Flint and Stuart Gulliver, the scorecard outcome, as determined below, has been applied to the maximum annual incentive opportunity on a pro-rata basis, taking into account the time spent by them in the Group Chief Executive role. Annual assessment Group Chief Executive Group Finance Director Group Chief Risk Officer Weighting (%) Assessment (%) Outcome (%) Weighting (%) Assessment (%) Outcome (%) Weighting (%) Assessment (%) Outcome (%) Profit before tax 1 20.00 100.00 20.00 10.00 100.00 10.00 15.00 100.00 15.00 Positive jaws 10.00 — — 15.00 — — — — — Revenue growth 10.00 70.00 7.00 — — — — — — Capital management (RoTE) 10.00 58.75 5.88 25.00 58.75 14.69 10.00 58.75 5.88 Strategic priorities – Financials 7.50 78.53 5.89 2.50 100.00 2.50 2.50 100.00 2.50 – Other targets 17.50 96.46 16.88 22.50 98.62 22.19 12.50 94.88 11.86 Risk and compliance 25.00 80.00 20.00 25.00 95.00 23.75 60.00 89.58 53.75 Total 100.00 75.65 100.00 73.13 100.00 88.99 Maximum annual incentive opportunity (£000) £1,488 £1,488 – John Flint £2,560 – – – Stuart Gulliver £2,660 – – Annual incentive (£000) £1,088 £1,324 – John Flint (86%) £1,665 – – – Stuart Gulliver (14%) £282 – – Financial performance Annual assessment Minimum (25% payout) Maximum (100% payout) Performance Assessment Measure Profit before tax ($bn) 1 US$19.7 US$22.7 US$23.3 100.00 Positive jaws (%) Positive 1.5 (1.2 ) — Revenue growth (%) 2.0 6.0 4.4 70.00 Capital management (RoTE%) 2 9.3 11.3 10.2 58.75 Strategic priorities 3 Various Various 1 Profit before tax, as defined for Group annual bonus pool calculation. This definition excludes business disposal gains and losses, debt valuation adjustments and variable pay expense. It does however, take into account fines, penalties and costs of customer redress, which are excluded from the adjusted profit before tax. The adjusted profit before tax as per adjusted results is found on page 2 . 2 RoTE excluding significant items and bank levy. 3 Strategic priorities measures include: accelerate revenue growth from our Asian franchise, grow international revenue, turn around the US business, improve customer service, strengthen external relationships, employee engagement, talent development and diversity. Non-financial performance The table below provides an overview of the non-financial performance achieved by each executive Director. Group Chief Executive Performance Strategic priorities • Deliver HSBC’s strategy • Turn around the US business • Accelerate revenue growth from our Asian franchise • Deliver revenue growth from our international network • Improve customer satisfaction • Strengthen the Group’s external relationships • Improve employee engagement • Strengthen HSBC’s leadership cadre • Improve diversity in senior leadership • Set out strategic priorities to return HSBC to growth and create value for our shareholders. The strategy was communicated in the Strategy Update in June 2018 to investors, shareholders and employees. Execution of the strategy is underway. • RoTE in the US business at 2.7% exceeded target of 2.2%, supported by favourable expected credit losses and significant capital reductions. Commercial Banking revenue grew by 7% and transaction banking revenue in Global Banking and Markets rose 9%. • Revenue growth of 11.4% in Asia was driven by Commercial Banking as well as Retail Banking and Wealth Management, reflecting wider spreads and balance sheet growth, with double-digit revenue growth in Hong Kong, Pearl River Delta and mainland China. • Revenue growth from international clients was strong at 7.2%; transaction banking revenue grew 14%, driven by double-digit growth across Global Liquidity and Cash Management, Foreign Exchange and Securities Services. • Customer satisfaction rankings improved in key Retail Banking and Wealth Management markets (first in Mexico, Singapore and Hong Kong and second in UAE). Rankings in Commercial Banking largely remained unchanged, but required improvement with the exception of the UK (third) and Singapore (third). Customer engagement score (‘CES’) in Global Banking and Markets at 85 was at par with the CES of our competitors. In Global Private Banking, customer satisfaction declined by 0.8 points from a mean of 8.4/10 in 2017 to 7.6/10 in the client engagement programme survey. Action is being taken in all global businesses to drive customer service improvements, especially through investment in digital capability. • Positive feedback was received on interactions with investors and regulators, which found that they were conducted with high professional competence and embodying trust, respect and transparency. • Employer advocacy, as a measure of employee engagement, at the end of 2018 was 66% (2017: 64%), which represents the number of employees who would recommend HSBC as a great place to work. • Succession plans are in place for all critical leadership roles. • Exceeded diversity target with female representation in the senior leadership at 28.2%, and on track towards our 2020 aspirational target of 30% senior leadership positions to be held by women. • HSBC was recognised as the 'Most Innovative Investment Bank' by The Banker ; the 'World’s Best Bank for Transaction Services', the 'World’s Best Bank for Corporates' and 'Asia's Best Bank for Sustainable Finance' by Euromoney, and 'Best Overall Global RMB Products/Services' by Asiamoney . Risk and compliance • Successfully embed financial crime risk governance and management information through the completion of the Global Standards programme • Effectively manage material operational risks • Achieve and deliver sustainable global conduct outcomes • Comply with the 2018 FX DPA • Significant progress was made to strengthen financial crime risk management across the Group, specifically, towards achieving operational effectiveness in global businesses and regions. A strong tone from the top included an aspiration to deliver industry-leading financial crime standards as part of the Group’s strategy. Demonstrated excellent awareness and understanding of key financial crime risks and issues. Actively engaged at senior governance forums to strengthen risk management practices and controls. Continued focus is required to complete the transition to business-as-usual financial crime risk management, and further enhance the effectiveness of financial crime governance in some countries, in order to achieve sustainable operating maturity. • Implementation of the operational risk management framework was achieved with strong ownership and proactive prioritisation of management of key risks across the Group. However further work is required to embed the framework and associated tools and strengthen the control environment. • Showed strong commitment to continue embedding the conduct pillars and outcomes, and underpinning controls across the Group. • Additional steps were taken that were consistent with the requirements of the 2018 FX DPA with the US Department of Justice to enhance the Global Markets compliance programme and related internal controls. Areas of focus have included a strong tone from the top, updated policies and procedures to prevent violations of US law (such as fraud and market manipulation) and comprehensive risk assessment. Further enhancements and steps to comply with the DPA are ongoing. Group Finance Director Performance Strategic priorities • Deploy cloud technologies and enhance Finance operating efficiency • Streamline and embed IFRS 9 and RWA production • Deliver ring-fenced bank ('RFB') in the UK and Global Service Company ('ServCo') structures and processes • Deliver cost savings • Strengthen the Group’s external relationships • Improve employee engagement • Strengthen HSBC’s leadership cadre • Improve diversity in senior management • Deployed cloud technologies for regulatory reporting of liquidity coverage ratio and net stable funding ratio in Canada and France. Implementation plans to deploy the technology in other locations are on track. The innovative capabilities of Finance are being further developed with eight key laboratories set up to deliver a real-time vision for Finance, utilising cloud technology, advanced analytics, artificial intelligence and machine learning. • Completed 2018 IFRS 9 plan with few milestones remaining and daily performance maturing, with no major downstream impact on processing time. All key activities integrated within routine processes. • Successfully established the Group’s RFB – HSBC UK Bank plc (‘HSBC UK’) – with a separate information technology and operations infrastructure and financial, pensions and legal structures. Transfer of Retail Banking and Wealth Management and Commercial Banking customers and employees to HSBC UK was also completed. Successfully established the Group’s ServCo structure in the UK in support of ring-fencing and the Recovery and Resolution Plan. • Strengthened Group's relationships and reputation with key stakeholders as evidenced by a high level of investor relations engagement and robust regulatory interactions. • Employer advocacy, as a measure of employee engagement, at the end of 2018 improved to 68% (2017: 66%). The Finance function’s structure was further simplified through the global consolidation of the finance operational processes into a single Finance operations team. The function is driving forward the focus on digital leadership and capabilities across all levels. • Confirmed four key Finance ‘enterprise critical roles’ and ensured that the succession plans are actionable, resulting in a successor gender profile of 38% female. Development plans and support in place for all successors. • Met aspirational gender diversity target, with 28% female representation at senior management levels in Finance. Finance leadership initiatives, sponsorship of diverse networks, parental transition coaching and career development support have all helped improve gender diversity. Difference and inclusion is being addressed more broadly within Finance with an aim to increase the representation of lesbian, gay, bisexual and transgender and differently abled employees. Risk and compliance • Effectively manage material operational risks • Achieve and deliver sustainable global conduct outcomes • Deliver commitments to regulators • Successful delivery of PRA and European Banking Authority (‘EBA’) stress tests and Comprehensive Capital Analysis and Review (‘CCAR’) capital plan • Completed the implementation of the operational risk framework in Finance, which is actively used to monitor the effectiveness of key controls against significant accounting risks, including for Sarbanes-Oxley compliance. Made significant progress embedding the understanding of relevant roles and responsibilities through improved governance and reporting. • Improved processes for monitoring and reporting conduct outcomes for Finance, including strengthened governance meetings with an increased focus on metrics. No significant conduct issues, breaches or reportable events were identified. Internal review of conduct governance and control for Finance were rated as effective. • Delivered all regulatory updates on time and to the required standard, with queries addressed on a timely basis. PRA and EBA stress tests in 2018 were successfully submitted on time. HSBC North America Holdings Inc received a non-objection to its CCAR 2018 capital plan submitted to the Federal Reserve Board on both a qualitative and quantitative basis. Group Chief Risk Officer Performance Strategic priorities • Improve customer satisfaction • Strengthen the Group's external relationships • Turn around the US business • Improve employee engagement, strengthen HSBC’s leadership cadre and improve diversity in senior management • Support innovation • Deliver cost savings • Improved customer service satisfaction with measured progress being made across markets. Global businesses are showing delivery successes, with improvements identified for action. • Interacted regularly and successfully with regulators. The strength, quality and independence of financial risk management was recognised. An increased focus on non-financial risk management and model risk management is key to these ongoing interactions. • Supported the turnaround of the US business through active risk management oversight, focusing on a credit risk and risk remediation programme; strong forward-looking capital management through engagement and oversight of the stress testing CCAR programme; and an enhanced modelling infrastructure in support of stress testing and financial crime models. RoTE at 2.7% exceeded the target for 2018. • Delivered on the Global Risk function people initiatives. Employer advocacy, as a measure of employee engagement, increased to 68% at the end of 2018 (2017: 64%), which represents the number of employees who would recommend HSBC as a great place to work. Focused the development of our leadership talent, and achieved the diversity target, with 28.7% of senior management positions held by women. • Enhanced the focus on innovative ways of working, through the facilitation of idea generation and knowledge concept evaluation and delivery of new approaches. Education and training of Global Risk in innovation was rolled out to enable change through the use of agile methodologies and cloud technologies. • Enabled the management of costs and headcount of the Global Risk function, through close ongoing monitoring of performance. Risk and compliance • Ensure Global Risk supports the financial crime risk target end state • Effectively manage material operational risks • Achieve and sustain the delivery of the global conduct outcomes • Deliver commitments to regulators, including compliance with the 2018 FX DPA • Successfully deliver regulatory and internal stress tests in 2018 • Manage credit and market risk, and oversee liquidity risk within Board approved risk appetite • Successfully enhance HSBC's model risk management • Enabled effective financial crime risk management through the enterprise wide and operational risk management frameworks, with strong governance through risk management meetings and completion of financial crime risk model reviews. • Made significant progress in adopting and embedding the operational risk management framework, with active focus and engagement on the material operational risks, and increased focus on non-financial risks. • Successfully drove conduct outcomes through a strong tone from the top, and a continual monitoring of compliance on conduct regulations. Maturity levels across conduct outcomes were excellent. • Delivered all regulatory updates on time and up to the required standard, with any remedial actions tracked to timely completion. Engagements with other lead regulators gained positive feedback, including working with the Department of Justice and Federal Reserve Board to progress our commitments under the FX DPA. • Successfully delivered the 2018 annual cyclical scenario to the PRA. Submitted the biennial stress test to the EBA and the CCAR submission to the Federal Reserve Board. • Managed credit risk, market risk and liquidity risk effectively within the Group risk appetite profile and with oversight from the Group risk management meeting. • Made significant progress in model risk management during 2018, through significant appointments, ongoing employee training and key stakeholder engagements. |
Disclosure of performance conditions for long-term incentives | Performance conditions for LTI awards in respect of 2018 Measures Minimum (25% payout) Target (50% payout) Maximum (100% payout) Weighting % Average RoTE (with CET1 underpin) 1 10.0% 11.0% 12.0% 75.0 Employer advocacy 2 65.0% 70.0% 75.0% 12.5 Environmental, social and governance rank 3 Score to achieve an 'average performer' rating Mid-point score between average and outperformer threshold scores Score required to achieve an 'outperformer' rating 12.5 Total 4 100.0 1 If the CET1 ratio at the end of performance period is below the CET1 risk tolerance level set in the risk appetite statement, then the assessment for this measure will be reduced to nil. 2 To be assessed based on results of the latest employee Snapshot survey question ‘I would recommend this company as a great place to work’ 3 To be assessed based on results of the latest rating issued by Sustaina lytics. In the event that Sustainalytics changes its approach to provide the ratings during the performance period, this may impact the assessment of the performance condition. To ensure that the performance targets/assessment approach achieves its original purpose (i.e. are no less or more difficult than when the original targets were set) the Committee retains the discretion to review and where appropriate modify the targets once further details on any updated Sustainalytics ratings approach is published . 4 Awards will vest on a straight-line basis for performance between the minimum, target and maximum levels of performance set in this table. |
Disclosure of scheme interests awarded | The table below sets out the scheme interests awarded to Directors in 2018, for performance in 2017, as disclosed in the 2017 Directors’ remuneration report. No non-executive Directors received scheme interests during the financial year. Scheme awards in 2018 (Audited) Type of interest awarded Basis on which Date of award Face value awarded 1 £000 Percentage receivable for minimum performance Number of shares awarded End of performance period Iain Mackay (ceased employment on 31 December 2018) LTI deferred shares 2 % of salary 4 26 February 2018 2,860 25 395,388 31 December 2020 Marc Moses LTI deferred shares 2 % of salary 4 26 February 2018 2,860 25 395,388 31 December 2020 John Flint (appointed on 21 February 2018) Deferred shares 3 See note 5 26 February 2018 1,201 — 166,014 31 December 2017 Stuart Gulliver (retired from the Board on 20 February 2018) Deferred shares 3 % of salary 6 26 February 2018 1,635 — 226,072 31 December 2017 1 The face value of the award has been computed using the actual share price of £7.234 . 2 LTI awards are subject to a three -year forward-looking performance period and vest in five equal instalments subject to performance achieved. On vesting, awards will be subject to a one -year retention period. Awards are subject to malus during the vesting period and clawback for a maximum period of 10 years from the date of the award. 3 Deferred shares form part of the annual incentive, for which awards were determined based on performance achieved during the period to 31 December 2017. These awards are subject to malus during the vesting period and clawback for a maximum period of 10 years from the date of the award. The overall award level could have been 0% of the maximum opportunity if minimum performance was not achieved at the end of the performance period. 4 In line with regulatory requirements, scheme interests awarded during 2018 were not eligible for dividend equivalents. In accordance with the remuneration policy approved by shareholders at the 2016 AGM, the LTI award was determined at 319% of salary and the number of shares to be granted was determined by taking into account a share price discounted based on HSBC’s expected dividend yield for the vesting period (i.e. £5.645 ). 5 John Flint received a discretionary annual incentive award for 2017. Of this 2017 annual incentive award 60% was deferred and 50% of the total deferred award was granted over HSBC shares. The deferred shares will vest in five equal instalments between the third and seventh anniversary of the award date, and on vesting will be subject to a one -year retention period. As the awards were not eligible for dividend equivalents, the number of shares to be granted was determined by taking into account a share price discounted based on HSBC’s expected dividend yield for the vesting period (i.e. £5.645 ). 6 As previously disclosed Stuart Gulliver received a 2017 annual incentive award equivalent to 170% of salary. Of this award 60% was deferred into HSBC shares. The deferred shares will vest in five equal instalments between the third and seventh anniversary of the award date, and on vesting will be subject to a one -year retention period. As the awards were not eligible for dividend equivalents, in accordance with the remuneration policy, the number of shares to be granted was determined by taking into account a share price discounted based on HSBC’s expected dividend yield for the vesting period (i.e. £5.645 ). |
Disclosure of directors' interest in share options | There have been no changes in the shareholdings of the Directors from 31 December 2018 to the date of this report. Individuals are given five years from their appointment date to build up the recommended levels of shareholding. Unvested share-based incentives are not normally taken into consideration in assessing whether the shareholding requirement has been met. The Committee reviews compliance with the shareholding requirement and has full discretion in determining if any unvested shares should be taken into consideration for assessing compliance with this requirement (taking into account investor expectations and guidelines). The Committee also has full discretion in determining any penalties for non-compliance. HSBC operates an anti-hedging policy under which individuals are not permitted to enter into any personal hedging strategies in relation to HSBC shares subject to a vesting and/or retention period. Shares (Audited) Shareholding guidelines 2 (% of salary) Shareholding at 31 Dec 2018, or date of retirement from the Board, if earlier 3 (% of salary) At 31 Dec 2018, or date of retirement from the Board, if earlier Scheme interests Share interests 4 (number of shares) Share options 5 Shares awarded subject to deferral 1 without performance conditions 4, 6 with performance conditions 7 Executive Directors Stuart Gulliver (retired on 20 February 2018) 8 400 % 1,918 % 3,711,169 — 2,293,071 738,499 Iain Mackay (ceased employment on 31 December 2018) 300 % 663 % 718,532 — 1,025,725 769,296 John Flint (appointed on 21 February 2018) 400 % 445 % 827,691 9,952 570,922 — Marc Moses 300 % 1,415 % 1,533,039 — 1,019,442 769,296 Group Managing Directors 9 250,000 shares n/a n/a n/a n/a n/a 1 The gross number of shares is disclosed. A portion of these shares will be sold at vesting to cover any income tax and social security that falls due at the time of vesting. 2 Unvested share-based incentives are not normally counted towards compliance with the shareholding guideline. 3 The value of the shareholding is calculated using an average of the daily closing share prices in the three months to 31 December 2018 ( £6.4589 ). 4 For variable pay awards (annual incentive and LTI), in line with regulatory requirements, any deferred shares (net of tax) which the Director becomes entitled to are subject to a retention requirement such that they must be held for a predefined period of time. To provide the executive Directors with appropriate flexibility, the Committee determined that the requirement to hold these shares could be met either by retaining the shares that vested from the underlying award (net of tax), or by separately retaining a number of shares equivalent to those that vested under the award. The Committee considers that such an arrangement results in the employee holding the same number of shares as per the original intention of the retention period, as set out in the remuneration policy, approved by shareholders in 2014. 5 All share options are unexercised. 6 Includes Group Performance Share Plan ('GPSP') awards, which were made following an assessment of performance over the relevant period ending on 31 December before the grant date, but are subject to a five -year vesting period. 7 LTI awards granted in February 2017 and February 2018 are subject to the performance conditions as set out in the following tables. 8 Stuart Gulliver's scheme interests deferred with performance conditions include an award granted in March 2013 subject to service and performance conditions. The award vested on 12 March 2018 following the Committee decision on 30 January 2018. 9 All Group Managing Directors are expected to meet their shareholding guideline by 2019 or within five years of the date of their appointment, whichever is later. The shareholding guidelines for this population has been updated from 250,000 shares to 250% of reference salary from 1 January 2019 to align with the approach used for executive Directors. Share options (Audited) Date of award Exercise price Exercisable At 1 Jan 2018, or date of appointment, if later Granted in year Exercised in year At 31 Dec 2018 £ from 1 until John Flint (appointed 21 February 2018) 22 Sep 15 4.0472 1 Nov 18 30 Apr 19 4,447 — — 4,447 21 Sep 18 5.4490 1 Nov 23 30 Apr 24 — 5,505 — 5,505 Iain Mackay (ceased employment on 31 December 2018) 23 Sep 14 5.1887 1 Nov 17 30 Apr 18 3,469 — 3,469 — 1 May be advanced to an earlier date in certain circumstances, such as retirement. |
Disclosure of non-executive director compensation | The following table shows the total fees and benefits of non-executive Directors for 2018, together with comparative figures for 2017. Fees and benefits (Audited) Fees 1 Benefits 2 Total (£000) Footnotes 2018 2017 2018 2017 2018 2017 Phillip Ameen (Retired on 20 April 2018) 3 154 474 6 12 160 486 Kathleen Casey 4, 13 171 174 23 16 194 190 Henri de Castries 13 161 132 4 5 165 137 Laura Cha 5, 6, 14 255 269 13 22 268 291 Lord Evans of Weardale 6, 13, 14 200 215 2 8 202 223 Joachim Faber (Retired on 20 April 2018) 38 162 3 9 41 171 Irene Lee 7, 13 361 300 5 8 366 308 John Lipsky (Retired on 20 April 2018) 66 199 — 25 66 224 Heidi Miller 8, 13 573 571 9 18 582 589 David Nish 13 187 158 11 18 198 176 Jonathan Symonds 9, 14 653 639 1 2 654 641 Jackson Tai 10, 13 228 194 47 43 275 237 Mark Tucker 11 1,500 500 97 318 1,597 818 Pauline van der Meer Mohr 12, 14 239 239 17 16 256 255 Total 4,786 4,226 238 520 5,024 4,746 Total ($000) 6,383 5,636 317 693 6,700 6,329 1 Fees include a travel allowance of £4,000 for non-UK-based non-executive Directors. 2 Benefits include taxable expenses such as accommodation, travel and subsistence relating to attendance at Board and other meetings at HSBC Holdings' registered office. Amounts disclosed have been grossed up using a tax rate of 45% , where relevant. 3 Includes fees of £106,000 in 2018 ( £330,000 in 2017) as a Director and Chair of the Audit Committee of HSBC North America Holdings Inc. 4 Resigned as a member of the Financial System Vulnerabilities Committee. 5 Appointed as a member of the Financial System Vulnerabilities Committee on 20 April 2018. Includes fees of £80,000 in 2018 ( £75,000 in 2017) as a Director, Deputy Chairman and member of the Nomination Committee of The Hongkong and Shanghai Banking Corporation Limited. 6 The Philanthropic and Community Investment Oversight Committee was demised during 2018. 7 Appointed as a member of the Group Remuneration Committee on 20 April 2018. Includes fees of £210,000 in 2018 ( £187,000 in 2017) as a Director, and member of the Audit Committee and the Risk Committee of The Hongkong and Shanghai Banking Corporation Limited and as a Director, member of the Audit Committee and Chair of the Risk Committee of Hang Seng Bank Limited. 8 Includes fees of £412,000 in 2018 ( £427,000 in 2017) as Chair of HSBC North America Holdings Inc. 9 Appointed as Deputy Group Chairman on 6 August 2018 and appointed as a member of the Group Risk Committee on 20 April 2018. Includes fees of £240,000 ( £382,000 in 2017) as non-executive Chair of HSBC Bank plc, from which he stepped down on 6 August 2018. 10 Appointed as a member of the Group Audit Committee on 1 December 2018. Appointed as Chair of the GRC on 28 April 2017. As set out in the statement from the Chair of the Group Remuneration Committee, the fee for GRC Chair was increased to £120,000 on 1 December 2018, taking into acco unt the increase in the expectations of the role of the GRC Chair from a regulatory perspective and the expanded oversight role of the Group Risk Committee following the re-assignment of the work previously undertaken by the Conduct & Valu es Committee and the Financial System Vulnerabilities Committee. 11 The Group Chairman’s benefits in 2018 included £10,200 in respect of life assurance and £15,426 in respect of healthcare insurance, as approved by the Group Remuneration Committee. 12 Appointed a member of the Group Risk Committee on 20 April 2018. 13 Appointed as a member of the Nomination & Corporate Governance Committee on 20 April 2018. 14 Conduct and Values Committee was demised during 2018. The following table shows the comparison of shareholdings to the company shareholding guidelines. Shares Shareholding guidelines (number of shares) Share interests (number of shares) Phillip Ameen (retired on 20 April 2018) 15,000 5,000 Kathleen Casey 15,000 9,635 Laura Cha 15,000 10,200 Henri de Castries 15,000 18,064 Lord Evans of Weardale 15,000 12,892 Joachim Faber (retired on 20 April 2018) 15,000 93,221 Irene Lee 15,000 11,172 John Lipsky (retired on 20 April 2018) 15,000 16,165 Heidi Miller 15,000 4,420 David Nish 15,000 50,000 Jonathan Symonds 15,000 43,821 Jackson Tai 15,000 56,075 Mark Tucker 15,000 288,381 Pauline van der Meer Mohr 15,000 15,000 Compensation of Key Management Personnel 2018 2017 2016 $m $m $m Short-term employee benefits 52 43 41 Other long-term employee benefits 6 5 5 Share-based payments 34 35 37 Year ended 31 Dec 92 83 83 |
Basis of preparation and sign_3
Basis of preparation and significant accounting policies (Details) - USD ($) $ in Millions | 12 Months Ended | ||||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | Jan. 01, 2019 | Jan. 01, 2018 | |
Disclosure of expected impact of initial application of new standards or interpretations [line items] | |||||
Impact on transition to IFRS 9 | $ (1,647) | ||||
Profit for the year | $ 15,025 | $ 11,879 | $ 3,446 | ||
Amendment to IAS 12 | Pro Forma | Increase due to changes in accounting policy required by IFRSs | |||||
Disclosure of expected impact of initial application of new standards or interpretations [line items] | |||||
Profit for the year | $ 261 | $ 224 | |||
Subsequent Event | IFRS 16 | Forecast | |||||
Disclosure of expected impact of initial application of new standards or interpretations [line items] | |||||
Right-of-use assets | $ 5,000 | ||||
Lease liabilities | $ 5,000 |
Net fee income - Summary of net
Net fee income - Summary of net fee income (Details) - USD ($) $ in Millions | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Disclosure Of Analysis Of Income And Expense [Line Items] | |||
Funds under management | $ 2,221 | $ 2,188 | $ 2,076 |
Account services | 2,177 | 2,244 | 2,417 |
Cards | 1,956 | 1,994 | 1,970 |
Credit facilities | 1,723 | 1,718 | 1,795 |
Broking income | 1,210 | 1,191 | 1,060 |
Unit trusts | 1,038 | 1,010 | 863 |
Remittances | 778 | 759 | 766 |
Global custody | 736 | 692 | 662 |
Underwriting | 723 | 829 | 705 |
Imports/exports | 709 | 736 | 820 |
Insurance agency commission | 404 | 410 | 419 |
Other | 2,369 | 2,082 | 2,116 |
Fee income | 16,044 | 15,853 | 15,669 |
Less: fee expense | (3,424) | (3,042) | (2,892) |
Net fee income | 12,620 | 12,811 | 12,777 |
Fee income from financial assets not at fair value through profit or loss | 7,522 | 7,577 | 7,732 |
Fees payable from financial liabilities not at fair value through profit or loss | 1,682 | 1,475 | 1,214 |
Fee earned from trust and other fiduciary activities | 3,165 | 3,088 | 2,926 |
Fees payable from trust and other fiduciary activities | 175 | $ 134 | $ 129 |
Retail Banking and Wealth Management | |||
Disclosure Of Analysis Of Income And Expense [Line Items] | |||
Funds under management | 1,383 | ||
Account services | 991 | ||
Cards | 1,575 | ||
Credit facilities | 71 | ||
Broking income | 494 | ||
Unit trusts | 937 | ||
Remittances | 96 | ||
Global custody | 100 | ||
Underwriting | 1 | ||
Imports/exports | 3 | ||
Insurance agency commission | 354 | ||
Other | 1,110 | ||
Fee income | 7,115 | ||
Less: fee expense | (1,917) | ||
Net fee income | 5,198 | ||
Commercial Banking | |||
Disclosure Of Analysis Of Income And Expense [Line Items] | |||
Funds under management | 134 | ||
Account services | 748 | ||
Cards | 370 | ||
Credit facilities | 824 | ||
Broking income | 44 | ||
Unit trusts | 25 | ||
Remittances | 357 | ||
Global custody | 18 | ||
Underwriting | 10 | ||
Imports/exports | 532 | ||
Insurance agency commission | 23 | ||
Other | 858 | ||
Fee income | 3,943 | ||
Less: fee expense | (388) | ||
Net fee income | 3,555 | ||
Global Banking and Markets | |||
Disclosure Of Analysis Of Income And Expense [Line Items] | |||
Funds under management | 421 | ||
Account services | 332 | ||
Cards | 16 | ||
Credit facilities | 813 | ||
Broking income | 533 | ||
Unit trusts | 3 | ||
Remittances | 320 | ||
Global custody | 584 | ||
Underwriting | 708 | ||
Imports/exports | 176 | ||
Insurance agency commission | 1 | ||
Other | 2,362 | ||
Fee income | 6,269 | ||
Less: fee expense | (3,040) | ||
Net fee income | 3,229 | ||
Global Private Banking | |||
Disclosure Of Analysis Of Income And Expense [Line Items] | |||
Funds under management | 284 | ||
Account services | 106 | ||
Cards | 0 | ||
Credit facilities | 16 | ||
Broking income | 139 | ||
Unit trusts | 73 | ||
Remittances | 5 | ||
Global custody | 35 | ||
Underwriting | 4 | ||
Imports/exports | 2 | ||
Insurance agency commission | 27 | ||
Other | 186 | ||
Fee income | 877 | ||
Less: fee expense | (135) | ||
Net fee income | 742 | ||
Corporate Centre | |||
Disclosure Of Analysis Of Income And Expense [Line Items] | |||
Funds under management | (1) | ||
Account services | 0 | ||
Cards | (5) | ||
Credit facilities | (1) | ||
Broking income | 0 | ||
Unit trusts | 0 | ||
Remittances | 0 | ||
Global custody | (1) | ||
Underwriting | 0 | ||
Imports/exports | (4) | ||
Insurance agency commission | (1) | ||
Other | (2,147) | ||
Fee income | (2,160) | ||
Less: fee expense | 2,056 | ||
Net fee income | $ (104) |
Net income_(expense) from fin_3
Net income/(expense) from financial instruments measured at fair value through profit and loss - Net income/(expense) arising from financial instrument (Details) - USD ($) $ in Millions | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Disclosure of financial assets and liabilities [Line Items] | |||
Net income from assets and liabilities of insurance businesses, including related derivatives, measured at fair value through profit or loss | $ (1,488) | $ 2,836 | $ 1,262 |
Changes in fair value of other financial instruments mandatorily measured at fair value through profit or loss | 695 | ||
Net income/expense from financial instruments measured at fair value through profit and loss | 8,641 | 11,417 | 6,786 |
Changes in fair value of long-term debt and related derivatives | (97) | 155 | (1,997) |
Increase (decrease) due to voluntary changes in accounting policy | |||
Disclosure of financial assets and liabilities [Line Items] | |||
Changes in fair value of long-term debt and related derivatives | (517) | 1,978 | |
Liabilities to customers under investment contracts | |||
Disclosure of financial assets and liabilities [Line Items] | |||
Gains (losses) on financial liabilities designated at fair value | 97 | (375) | (218) |
Changes in fair value of long-term debt and related derivatives | |||
Disclosure of financial assets and liabilities [Line Items] | |||
Gains (losses) on financial liabilities designated at fair value | (97) | 155 | (1,997) |
Changes in own credit spread on long-term debt | |||
Disclosure of financial assets and liabilities [Line Items] | |||
Gains (losses) on financial liabilities designated at fair value | 0 | 0 | (1,793) |
Derivatives managed in conjunction with HSBC’s issued debt securities | |||
Disclosure of financial assets and liabilities [Line Items] | |||
Gains (losses) on financial liabilities designated at fair value | (626) | (343) | (1,604) |
Other changes in fair value | |||
Disclosure of financial assets and liabilities [Line Items] | |||
Gains (losses) on financial liabilities designated at fair value | 529 | 498 | 1,400 |
Net income from financial instruments held for trading or managed on a fair value basis | |||
Disclosure of financial assets and liabilities [Line Items] | |||
Gains (losses) on financial assets designated at fair value | 9,531 | 8,426 | 7,521 |
Trading securities | |||
Disclosure of financial assets and liabilities [Line Items] | |||
Gains (losses) on financial assets designated at fair value | 6,982 | 8,236 | 7,473 |
- other instruments managed at on a fair value basis | |||
Disclosure of financial assets and liabilities [Line Items] | |||
Gains (losses) on financial assets designated at fair value | 2,549 | 190 | 48 |
Financial assets held to meet liabilities under insurance and investment contracts | |||
Disclosure of financial assets and liabilities [Line Items] | |||
Gains (losses) on financial assets designated at fair value | $ (1,585) | $ 3,211 | $ 1,480 |
Net income_(expense) from fin_4
Net income/(expense) from financial instruments measured at fair value through profit and loss - HSBC Holdings – Net income/(expense) arising from financial instruments designated and otherwise mandatorily measured at fair value (Details) - USD ($) $ in Millions | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Disclosure of financial liabilities [line items] | |||
Changes in fair value of other financial instruments mandatorily measured at fair value through profit or loss | $ 695 | ||
Net income/expense from financial instruments measured at fair value through profit and loss | 8,641 | $ 11,417 | $ 6,786 |
Derivatives managed in conjunction with HSBC’s issued debt securities | |||
Disclosure of financial liabilities [line items] | |||
Gains (losses) on financial liabilities designated at fair value | (626) | (343) | (1,604) |
Other changes in fair value | |||
Disclosure of financial liabilities [line items] | |||
Gains (losses) on financial liabilities designated at fair value | 529 | 498 | 1,400 |
HSBC Holdings | |||
Disclosure of financial liabilities [line items] | |||
Gains (losses) on financial assets designated at fair value | 245 | (181) | 119 |
Gains (losses) on financial liabilities designated at fair value | (77) | 103 | (49) |
Changes in fair value of other financial instruments mandatorily measured at fair value through profit or loss | 43 | 0 | 0 |
Net income/expense from financial instruments measured at fair value through profit and loss | 211 | (78) | 70 |
HSBC Holdings | Derivatives managed in conjunction with HSBC’s issued debt securities | |||
Disclosure of financial liabilities [line items] | |||
Gains (losses) on financial liabilities designated at fair value | (337) | 292 | (642) |
HSBC Holdings | Other changes in fair value | |||
Disclosure of financial liabilities [line items] | |||
Gains (losses) on financial liabilities designated at fair value | 260 | (189) | 593 |
Trading securities | |||
Disclosure of financial liabilities [line items] | |||
Gains (losses) on financial assets designated at fair value | 6,982 | 8,236 | 7,473 |
Trading securities | HSBC Holdings | |||
Disclosure of financial liabilities [line items] | |||
Gains (losses) on financial assets designated at fair value | (176) | (392) | 119 |
- other instruments managed at on a fair value basis | |||
Disclosure of financial liabilities [line items] | |||
Gains (losses) on financial assets designated at fair value | 2,549 | 190 | $ 48 |
- other instruments managed at on a fair value basis | HSBC Holdings | |||
Disclosure of financial liabilities [line items] | |||
Gains (losses) on financial assets designated at fair value | $ 421 | $ 211 |
Insurance business - Net Insur
Insurance business - Net Insurance Premium Income (Details) - USD ($) $ in Millions | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Disclosure of net, gross and reinsurer's share for amounts arising from insurance contracts [line items] | |||
Net insurance premium income | $ 10,659 | $ 9,779 | $ 9,951 |
Gross insurance premium income | |||
Disclosure of net, gross and reinsurer's share for amounts arising from insurance contracts [line items] | |||
Net insurance premium income | 11,338 | 10,802 | 10,588 |
Reinsurers’ share of gross insurance premium income | |||
Disclosure of net, gross and reinsurer's share for amounts arising from insurance contracts [line items] | |||
Net insurance premium income | (679) | (1,023) | (637) |
Non-linked insurance | |||
Disclosure of net, gross and reinsurer's share for amounts arising from insurance contracts [line items] | |||
Net insurance premium income | 7,944 | 7,408 | 7,407 |
Non-linked insurance | Gross insurance premium income | |||
Disclosure of net, gross and reinsurer's share for amounts arising from insurance contracts [line items] | |||
Net insurance premium income | 8,616 | 8,424 | 8,036 |
Non-linked insurance | Reinsurers’ share of gross insurance premium income | |||
Disclosure of net, gross and reinsurer's share for amounts arising from insurance contracts [line items] | |||
Net insurance premium income | (672) | (1,016) | (629) |
Linked life insurance | |||
Disclosure of net, gross and reinsurer's share for amounts arising from insurance contracts [line items] | |||
Net insurance premium income | 415 | 344 | 667 |
Linked life insurance | Gross insurance premium income | |||
Disclosure of net, gross and reinsurer's share for amounts arising from insurance contracts [line items] | |||
Net insurance premium income | 422 | 351 | 675 |
Linked life insurance | Reinsurers’ share of gross insurance premium income | |||
Disclosure of net, gross and reinsurer's share for amounts arising from insurance contracts [line items] | |||
Net insurance premium income | (7) | (7) | (8) |
Investment contracts with DPF | |||
Disclosure of net, gross and reinsurer's share for amounts arising from insurance contracts [line items] | |||
Net insurance premium income | 2,300 | 2,027 | 1,877 |
Investment contracts with DPF | Gross insurance premium income | |||
Disclosure of net, gross and reinsurer's share for amounts arising from insurance contracts [line items] | |||
Net insurance premium income | 2,300 | 2,027 | 1,877 |
Investment contracts with DPF | Reinsurers’ share of gross insurance premium income | |||
Disclosure of net, gross and reinsurer's share for amounts arising from insurance contracts [line items] | |||
Net insurance premium income | $ 0 | $ 0 | $ 0 |
Insurance business - Net Ins_2
Insurance business - Net Insurance Claims And Benefits Paid And Movement In Liabilities To Policyholders (Details) - USD ($) $ in Millions | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Disclosure of net, gross and reinsurer's share for amounts arising from insurance contracts [line items] | |||
Net insurance claims and benefits paid and movement in liabilities to policyholders | $ 9,807 | $ 12,331 | $ 11,870 |
Non-linked insurance | |||
Disclosure of net, gross and reinsurer's share for amounts arising from insurance contracts [line items] | |||
Net insurance claims and benefits paid and movement in liabilities to policyholders | 8,338 | 7,952 | 8,218 |
Linked life insurance | |||
Disclosure of net, gross and reinsurer's share for amounts arising from insurance contracts [line items] | |||
Net insurance claims and benefits paid and movement in liabilities to policyholders | (255) | 1,478 | 1,243 |
Investment contracts with DPF | |||
Disclosure of net, gross and reinsurer's share for amounts arising from insurance contracts [line items] | |||
Net insurance claims and benefits paid and movement in liabilities to policyholders | 1,724 | 2,901 | 2,409 |
Gross insurance premium income | |||
Disclosure of net, gross and reinsurer's share for amounts arising from insurance contracts [line items] | |||
Net insurance claims and benefits paid and movement in liabilities to policyholders | 10,221 | 13,208 | 12,508 |
– claims, benefits and surrenders paid | 6,809 | 5,929 | 5,594 |
– movement in liabilities | 3,412 | 7,279 | 6,914 |
Gross insurance premium income | Non-linked insurance | |||
Disclosure of net, gross and reinsurer's share for amounts arising from insurance contracts [line items] | |||
Net insurance claims and benefits paid and movement in liabilities to policyholders | 8,943 | 8,894 | 8,778 |
– claims, benefits and surrenders paid | 3,852 | 2,883 | 2,828 |
– movement in liabilities | 5,091 | 6,011 | 5,950 |
Gross insurance premium income | Linked life insurance | |||
Disclosure of net, gross and reinsurer's share for amounts arising from insurance contracts [line items] | |||
Net insurance claims and benefits paid and movement in liabilities to policyholders | (446) | 1,413 | 1,321 |
– claims, benefits and surrenders paid | 1,088 | 1,044 | 749 |
– movement in liabilities | (1,534) | 369 | 572 |
Gross insurance premium income | Investment contracts with DPF | |||
Disclosure of net, gross and reinsurer's share for amounts arising from insurance contracts [line items] | |||
Net insurance claims and benefits paid and movement in liabilities to policyholders | 1,724 | 2,901 | 2,409 |
– claims, benefits and surrenders paid | 1,869 | 2,002 | 2,017 |
– movement in liabilities | (145) | 899 | 392 |
Reinsurers’ share of gross insurance premium income | |||
Disclosure of net, gross and reinsurer's share for amounts arising from insurance contracts [line items] | |||
Net insurance claims and benefits paid and movement in liabilities to policyholders | (414) | (877) | (638) |
– claims, benefits and surrenders paid | (492) | (520) | (126) |
– movement in liabilities | 78 | (357) | (512) |
Reinsurers’ share of gross insurance premium income | Non-linked insurance | |||
Disclosure of net, gross and reinsurer's share for amounts arising from insurance contracts [line items] | |||
Net insurance claims and benefits paid and movement in liabilities to policyholders | (605) | (942) | (560) |
– claims, benefits and surrenders paid | (311) | (297) | (112) |
– movement in liabilities | (294) | (645) | (448) |
Reinsurers’ share of gross insurance premium income | Linked life insurance | |||
Disclosure of net, gross and reinsurer's share for amounts arising from insurance contracts [line items] | |||
Net insurance claims and benefits paid and movement in liabilities to policyholders | 191 | 65 | (78) |
– claims, benefits and surrenders paid | (181) | (223) | (14) |
– movement in liabilities | 372 | 288 | (64) |
Reinsurers’ share of gross insurance premium income | Investment contracts with DPF | |||
Disclosure of net, gross and reinsurer's share for amounts arising from insurance contracts [line items] | |||
Net insurance claims and benefits paid and movement in liabilities to policyholders | 0 | 0 | 0 |
– claims, benefits and surrenders paid | 0 | 0 | 0 |
– movement in liabilities | $ 0 | $ 0 | $ 0 |
Insurance business - Liabiliti
Insurance business - Liabilities under insurance contracts (Details) - USD ($) $ in Millions | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Jan. 01, 2018 | |
Reconciliation of changes in liabilities under insurance contracts and reinsurance contracts issued [abstract] | |||
Gross liabilities under insurance contracts beginning of period | $ 83,196 | ||
Claims and benefits paid | (6,809) | $ (5,929) | |
Increase in liabilities to policyholders | 10,221 | 13,208 | |
Exchange differences and other movements | (1,680) | 3,115 | |
Gross liabilities under insurance contracts end of period | 84,824 | 83,196 | |
Non-linked insurance | |||
Reconciliation of changes in liabilities under insurance contracts and reinsurance contracts issued [abstract] | |||
Gross liabilities under insurance contracts beginning of period | 49,909 | ||
Claims and benefits paid | (3,852) | (2,883) | |
Increase in liabilities to policyholders | 8,943 | 8,894 | |
Exchange differences and other movements | 149 | 58 | |
Gross liabilities under insurance contracts end of period | 54,845 | 49,909 | |
Linked life insurance | |||
Reconciliation of changes in liabilities under insurance contracts and reinsurance contracts issued [abstract] | |||
Gross liabilities under insurance contracts beginning of period | 7,280 | ||
Claims and benefits paid | (1,088) | (1,044) | |
Increase in liabilities to policyholders | (446) | 1,413 | |
Exchange differences and other movements | (225) | 230 | |
Gross liabilities under insurance contracts end of period | 5,721 | 7,280 | |
Investment contracts with DPF | |||
Reconciliation of changes in liabilities under insurance contracts and reinsurance contracts issued [abstract] | |||
Gross liabilities under insurance contracts beginning of period | 26,007 | ||
Claims and benefits paid | (1,869) | (2,002) | |
Increase in liabilities to policyholders | 1,724 | 2,901 | |
Exchange differences and other movements | (1,604) | 2,827 | |
Gross liabilities under insurance contracts end of period | 24,258 | 26,007 | |
Gross insurance premium income | |||
Reconciliation of changes in liabilities under insurance contracts and reinsurance contracts issued [abstract] | |||
Gross liabilities under insurance contracts beginning of period | 85,667 | 75,273 | |
Impact on transition to IFRS 9 | $ (69) | ||
Gross liabilities under insurance contracts end of period | 87,330 | 85,667 | |
Gross insurance premium income | Non-linked insurance | |||
Reconciliation of changes in liabilities under insurance contracts and reinsurance contracts issued [abstract] | |||
Gross liabilities under insurance contracts beginning of period | 52,112 | 46,043 | |
Impact on transition to IFRS 9 | (69) | ||
Gross liabilities under insurance contracts end of period | 57,283 | 52,112 | |
Gross insurance premium income | Linked life insurance | |||
Reconciliation of changes in liabilities under insurance contracts and reinsurance contracts issued [abstract] | |||
Gross liabilities under insurance contracts beginning of period | 7,548 | 6,949 | |
Impact on transition to IFRS 9 | 0 | ||
Gross liabilities under insurance contracts end of period | 5,789 | 7,548 | |
Gross insurance premium income | Investment contracts with DPF | |||
Reconciliation of changes in liabilities under insurance contracts and reinsurance contracts issued [abstract] | |||
Gross liabilities under insurance contracts beginning of period | 26,007 | 22,281 | |
Impact on transition to IFRS 9 | $ 0 | ||
Gross liabilities under insurance contracts end of period | 24,258 | 26,007 | |
Reinsurers’ share of gross insurance premium income | |||
Reconciliation of changes in liabilities under insurance contracts and reinsurance contracts issued [abstract] | |||
Gross liabilities under insurance contracts beginning of period | (2,471) | ||
Gross liabilities under insurance contracts end of period | (2,506) | (2,471) | |
Reinsurers’ share of gross insurance premium income | Non-linked insurance | |||
Reconciliation of changes in liabilities under insurance contracts and reinsurance contracts issued [abstract] | |||
Gross liabilities under insurance contracts beginning of period | (2,203) | ||
Gross liabilities under insurance contracts end of period | (2,438) | (2,203) | |
Reinsurers’ share of gross insurance premium income | Linked life insurance | |||
Reconciliation of changes in liabilities under insurance contracts and reinsurance contracts issued [abstract] | |||
Gross liabilities under insurance contracts beginning of period | (268) | ||
Gross liabilities under insurance contracts end of period | (68) | (268) | |
Reinsurers’ share of gross insurance premium income | Investment contracts with DPF | |||
Reconciliation of changes in liabilities under insurance contracts and reinsurance contracts issued [abstract] | |||
Gross liabilities under insurance contracts beginning of period | 0 | ||
Gross liabilities under insurance contracts end of period | $ 0 | $ 0 |
Operating profit - Operating pr
Operating profit - Operating profit (Details) - USD ($) $ in Millions | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Analysis of income and expense [abstract] | |||
Interest recognised on impaired financial assets | $ 263 | $ 261 | $ 574 |
Interest recognised on financial assets measured at amortised cost | 42,130 | ||
Interest recognised on financial assets measured at fair value through other comprehensive income | 7,020 | ||
Interest on financial instruments, excluding interest on financial liabilities held for trading or designated or otherwise mandatorily measured at fair value | (16,972) | (10,912) | (11,858) |
Payments under lease and sublease agreements | (879) | (936) | (969) |
– minimum lease payments | (862) | (911) | (945) |
– contingent rents and sublease payments | (17) | (25) | (24) |
UK bank levy | (964) | (916) | (922) |
Restructuring provisions | (73) | (204) | (415) |
Impairment of available-for-sale equity securities | (98) | (36) | |
Gains/(losses) recognised on assets held for sale | 27 | 195 | (206) |
Loss on net monetary position | (136) | 0 | 0 |
Gain/(loss) on disposal of operations in Brazil | (15) | 19 | (1,743) |
Loan impairment charges and other credit risk provisions | (1,767) | (1,769) | (3,400) |
– net impairment charge on loans and advances | (1,896) | (1,992) | (3,350) |
– loans commitments and guarantees | 3 | ||
– other financial assets | 21 | ||
– debt instruments measured at fair value though other comprehensive income | $ 105 | ||
– release of impairment on available-for-sale debt securities | 190 | 63 | |
– other credit risk provisions | $ 33 | $ (113) |
Operating profit - External net
Operating profit - External net operating income by country / territory (Details) - USD ($) $ in Millions | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Disclosure of geographical areas [line items] | |||
External net operating income | $ 53,780 | $ 51,445 | $ 47,966 |
UK | |||
Disclosure of geographical areas [line items] | |||
External net operating income | 10,340 | 11,057 | 9,495 |
Hong Kong | |||
Disclosure of geographical areas [line items] | |||
External net operating income | 17,162 | 14,992 | 12,864 |
US | |||
Disclosure of geographical areas [line items] | |||
External net operating income | 4,379 | 4,573 | 5,094 |
France | |||
Disclosure of geographical areas [line items] | |||
External net operating income | 1,898 | 2,203 | 2,571 |
Other Countries | |||
Disclosure of geographical areas [line items] | |||
External net operating income | $ 20,001 | $ 18,620 | $ 17,942 |
Employee compensation and ben_3
Employee compensation and benefits - Employee compensation and benefits (Details) - USD ($) $ in Millions | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Employee Compensation And Benefits [Abstract] | |||
Wages and salaries | $ 14,751 | $ 15,227 | $ 15,735 |
Social security costs | 1,490 | 1,419 | 1,312 |
Post-employment benefits | 1,132 | 669 | 1,042 |
Employee compensation and benefits | $ 17,373 | $ 17,315 | $ 18,089 |
Employee compensation and ben_4
Employee compensation and benefits - Average number of persons employed by HSBC during the year by global business (Details) - employee | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Disclosure of operating segments [line items] | |||
Average number of employees | 242,850 | 244,788 | 246,933 |
Retail Banking and Wealth Management | |||
Disclosure of operating segments [line items] | |||
Average number of employees | 135,239 | 134,021 | 137,234 |
Commercial Banking | |||
Disclosure of operating segments [line items] | |||
Average number of employees | 48,757 | 46,716 | 45,912 |
Global Banking and Markets | |||
Disclosure of operating segments [line items] | |||
Average number of employees | 48,990 | 49,100 | 47,623 |
Global Private Banking | |||
Disclosure of operating segments [line items] | |||
Average number of employees | 8,206 | 7,817 | 8,322 |
Corporate Centre | |||
Disclosure of operating segments [line items] | |||
Average number of employees | 1,658 | 7,134 | 7,842 |
Employee compensation and ben_5
Employee compensation and benefits - Average number of employees employed by HSBC during the year by geographical region (Details) - employee | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Disclosure of geographical areas [line items] | |||
Average number of employees | 242,850 | 244,788 | 246,933 |
Europe | |||
Disclosure of geographical areas [line items] | |||
Average number of employees | 67,007 | 70,301 | 71,196 |
Asia | |||
Disclosure of geographical areas [line items] | |||
Average number of employees | 127,992 | 125,004 | 122,282 |
Middle East and North Africa | |||
Disclosure of geographical areas [line items] | |||
Average number of employees | 9,798 | 10,408 | 12,021 |
North America | |||
Disclosure of geographical areas [line items] | |||
Average number of employees | 17,350 | 18,610 | 20,353 |
Latin America | |||
Disclosure of geographical areas [line items] | |||
Average number of employees | 20,703 | 20,465 | 21,081 |
Employee compensation and ben_6
Employee compensation and benefits - Reconciliation of total incentive awards granted to income statement charge (Details) - USD ($) $ in Millions | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Employee Compensation And Benefits [Abstract] | |||
Total incentive awards approved for the current year | $ 3,473 | $ 3,303 | $ 3,035 |
Less: deferred bonuses awarded, expected to be recognised in future periods | (351) | (337) | (323) |
Total incentives awarded and recognised in the current year | 3,122 | 2,966 | 2,712 |
Add: current year charges for deferred bonuses from previous years | 322 | 336 | 371 |
Other | (70) | (78) | (128) |
Income statement charge for incentive awards | $ 3,374 | $ 3,224 | $ 2,955 |
Employee compensation and ben_7
Employee compensation and benefits - Year in which income statement is expected to reflect deferred bonuses (Details) - USD ($) $ in Millions | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Disclosure Of Incentive Compensation [Line Items] | |||
Deferred incentive awards | $ 472 | $ 498 | $ 320 |
Deferred incentive cash awards | 169 | 184 | 114 |
Deferred incentive equity awards | 303 | 314 | 206 |
Variable compensation from 2018 bonus pool | |||
Disclosure Of Incentive Compensation [Line Items] | |||
Deferred incentive awards | 150 | 0 | 0 |
Variable compensation from 2017 bonus pool | |||
Disclosure Of Incentive Compensation [Line Items] | |||
Deferred incentive awards | 180 | 162 | 0 |
Variable compensation from 2016 bonus pool and earlier | |||
Disclosure Of Incentive Compensation [Line Items] | |||
Deferred incentive awards | 142 | $ 336 | $ 320 |
2,019 | |||
Disclosure Of Incentive Compensation [Line Items] | |||
Deferred incentive awards | 320 | ||
Deferred incentive cash awards | 102 | ||
Deferred incentive equity awards | 218 | ||
2019 | Variable compensation from 2018 bonus pool | |||
Disclosure Of Incentive Compensation [Line Items] | |||
Deferred incentive awards | 149 | ||
2019 | Variable compensation from 2017 bonus pool | |||
Disclosure Of Incentive Compensation [Line Items] | |||
Deferred incentive awards | 60 | ||
2019 | Variable compensation from 2016 bonus pool and earlier | |||
Disclosure Of Incentive Compensation [Line Items] | |||
Deferred incentive awards | 111 | ||
2020 and beyond | |||
Disclosure Of Incentive Compensation [Line Items] | |||
Deferred incentive awards | 316 | ||
Deferred incentive cash awards | 113 | ||
Deferred incentive equity awards | 203 | ||
2020 and beyond | Variable compensation from 2018 bonus pool | |||
Disclosure Of Incentive Compensation [Line Items] | |||
Deferred incentive awards | 202 | ||
2020 and beyond | Variable compensation from 2017 bonus pool | |||
Disclosure Of Incentive Compensation [Line Items] | |||
Deferred incentive awards | 29 | ||
2020 and beyond | Variable compensation from 2016 bonus pool and earlier | |||
Disclosure Of Incentive Compensation [Line Items] | |||
Deferred incentive awards | $ 85 |
Employee compensation and ben_8
Employee compensation and benefits - Share-based payments (Details) - USD ($) $ in Millions | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Employee Compensation And Benefits [Abstract] | |||
Expense from equity-settled share-based payment transactions in which goods or services received did not qualify for recognition as assets | $ 450 | $ 500 | $ 534 |
Disclosure of terms and conditions of share-based payment arrangement [line items] | |||
Expense from share-based payments | 522 | 546 | 624 |
Restricted share awards | |||
Disclosure of terms and conditions of share-based payment arrangement [line items] | |||
Expense from share-based payments | 499 | 520 | 591 |
Savings-related and other share award option plans | |||
Disclosure of terms and conditions of share-based payment arrangement [line items] | |||
Expense from share-based payments | $ 23 | $ 26 | $ 33 |
Employee compensation and ben_9
Employee compensation and benefits - HSBC share awards (Details) | 12 Months Ended |
Dec. 31, 2018GBP (£)jursidiction | |
Deferred Restricted Share Awards | |
Disclosure of terms and conditions of share-based payment arrangement [line items] | |
Award vesting period | 5 years |
International Employee Share Purchase Plan | |
Disclosure of terms and conditions of share-based payment arrangement [line items] | |
Number of jurisdictions with plan participants | jursidiction | 27 |
Maximum value of shares per employee per quarter | £ | £ 750 |
Award matching ratio | 0.3333 |
Award vesting period, maximum period from purchase of shares | 2 years 9 months |
Bottom of range | Deferred Restricted Share Awards | |
Disclosure of terms and conditions of share-based payment arrangement [line items] | |
Award vesting period | 3 years |
Top of range | Deferred Restricted Share Awards | |
Disclosure of terms and conditions of share-based payment arrangement [line items] | |
Award vesting period | 7 years |
Employee compensation and be_10
Employee compensation and benefits - Movement on HSBC share awards (Details) - Restricted share awards shares in Thousands | 12 Months Ended | |
Dec. 31, 2018USD ($)shares | Dec. 31, 2017USD ($)shares | |
Disclosure of terms and conditions of share-based payment arrangement [line items] | ||
Share awards outstanding at 1 Jan | 104,525 | 123,166 |
Additions during the year | 61,569 | 62,044 |
Released in the year | (67,899) | (76,051) |
Forfeited in the year | (3,298) | (4,634) |
Share awards outstanding at 31 Dec | 94,897 | 104,525 |
Weighted average fair value of awards granted (in dollars per share) | $ | $ 7.66 | $ 7.09 |
Employee compensation and be_11
Employee compensation and benefits - HSBC share option plans (Details) - Savings-related Share Option Plans | 12 Months Ended | |
Dec. 31, 2018GBP (£)plan | Dec. 31, 2017 | |
Disclosure of terms and conditions of share-based payment arrangement [line items] | ||
Number of share-based payment arrangement plans | plan | 2 | |
Employee monthly savings | £ | £ 500 | |
Term of options granted for share-based payment arrangements | 6 months | |
Exercise price discount | 20.00% | 20.00% |
Bottom of range | ||
Disclosure of terms and conditions of share-based payment arrangement [line items] | ||
Award vesting period | 3 years | |
Top of range | ||
Disclosure of terms and conditions of share-based payment arrangement [line items] | ||
Award vesting period | 5 years |
Employee compensation and be_12
Employee compensation and benefits - Movement on HSBC share option plans (Details) shares in Thousands | 12 Months Ended | |||||
Dec. 31, 2018USD ($)sharesyear | Dec. 31, 2018GBP (£)shares | Dec. 31, 2017USD ($)sharesyear | Dec. 31, 2017GBP (£)shares | Dec. 31, 2018GBP (£)sharesyear | Dec. 31, 2017GBP (£)sharesyear | |
Employee Compensation And Benefits [Abstract] | ||||||
Share options outstanding at beginning of period (in shares) | shares | 64,670 | 64,670 | 70,027 | 70,027 | ||
Granted during the year (in shares) | shares | 20,501 | 20,501 | 10,447 | 10,447 | ||
Exercised during the year (in shares) | shares | (23,260) | (23,260) | (9,503) | (9,503) | ||
Expired during the year (in shares) | shares | (3,148) | (3,148) | (3,902) | (3,902) | ||
Forfeited during the year (in shares) | shares | (1,698) | (1,698) | (2,399) | (2,399) | ||
Share options outstanding at end of period (in shares) | shares | 57,065 | 57,065 | 64,670 | 64,670 | ||
Of which exercisable (in shares) | shares | 3,513 | 1,129 | 3,513 | 1,129 | ||
WAEP at beginning of period | £ | £ 4.49 | £ 4.30 | ||||
Granted during the year | £ | 5.45 | 5.96 | ||||
Exercised during the year | £ | 4.14 | 4.83 | ||||
Expired during the year | £ | 5.20 | 4.45 | ||||
Forfeited during the year | £ | 4.53 | 4.27 | ||||
WAEP at end of period | £ | £ 4.92 | £ 4.49 | ||||
Of which exercisable | £ | £ 4.09 | £ 5 | ||||
Weighted average remaining contractual life (years) | year | 2.59 | 2.42 | 2.59 | 2.42 | ||
Weighted average fair value of options granted | $ | $ 1.40 | $ 1.29 | ||||
Weighted average share price at the date the options were exercise | $ | $ 8.28 | $ 9.93 |
Employee compensation and be_13
Employee compensation and benefits - Post-employment benefit plans (Details) £ in Millions, $ in Millions | Dec. 31, 2016USD ($) | Dec. 31, 2016GBP (£) | Dec. 31, 2018USD ($) | Dec. 31, 2018GBP (£) | Dec. 31, 2017USD ($) | Dec. 31, 2016GBP (£) |
Disclosure of defined benefit plans [line items] | ||||||
Estimate of contributions expected to be paid to plan | $ 312 | |||||
Pension Plan | Principal plan | ||||||
Disclosure of defined benefit plans [line items] | ||||||
Fair value of plan assets | $ 37,200 | $ 34,704 | $ 38,265 | £ 30,200 | ||
Surplus (deficit) in plan | 1,600 | £ 1,300 | ||||
Percentage of plan funded | 104.00% | |||||
Pension Plan | Principal plan | 2019 | ||||||
Disclosure of defined benefit plans [line items] | ||||||
Estimate of contributions expected to be paid to plan | $ 82 | £ 64 | ||||
Pension Plan | Principal plan | 2020 | ||||||
Disclosure of defined benefit plans [line items] | ||||||
Estimate of contributions expected to be paid to plan | 204 | 160 | ||||
Pension Plan | Principal plan | 2021 | ||||||
Disclosure of defined benefit plans [line items] | ||||||
Estimate of contributions expected to be paid to plan | $ 204 | £ 160 | ||||
Defined Contribution Pension Plan | Principal plan | ||||||
Disclosure of defined benefit plans [line items] | ||||||
Contributions to plan, net defined benefit liability (asset) | $ 3,800 | £ 3,100 |
Employee compensation and be_14
Employee compensation and benefits - Future benefit payments (Details) - Dec. 31, 2016 £ in Billions, $ in Billions | USD ($) | GBP (£) |
Employee Compensation And Benefits [Abstract] | ||
Estimated assets needed to secure all future pension payments | $ 47 | £ 38 |
Employee compensation and be_15
Employee compensation and benefits - Income statement charge (Details) £ in Millions, $ in Millions | 12 Months Ended | |||
Dec. 31, 2018USD ($) | Dec. 31, 2018GBP (£) | Dec. 31, 2017USD ($) | Dec. 31, 2016USD ($) | |
Employee Compensation And Benefits [Abstract] | ||||
Percentage increase in plan liabilities due to past service cost | 0.80% | 0.80% | ||
Past service cost, net defined benefit liability (asset) | $ 226 | £ 177 | ||
Defined benefit pension plans | 355 | $ 100 | $ 218 | |
Defined contribution pension plans | 756 | 603 | 783 | |
Pension plans | 1,111 | 703 | 1,001 | |
Defined benefit and contribution healthcare plans | 21 | (34) | 41 | |
Post-employment benefits | $ 1,132 | $ 669 | $ 1,042 |
Employee compensation and be_16
Employee compensation and benefits - Net assets/liabilities recognised on the balance sheet in respect of defined benefit plans (Details) - USD ($) $ in Millions | Dec. 31, 2018 | Dec. 31, 2017 |
Disclosure of net defined benefit liability (asset) [line items] | ||
Net defined benefit assets (liabilities) | $ 5,767 | $ 6,600 |
Fair value of plan assets | ||
Disclosure of net defined benefit liability (asset) [line items] | ||
Net defined benefit assets (liabilities) | 42,909 | 47,389 |
Present value of defined benefit obligations | ||
Disclosure of net defined benefit liability (asset) [line items] | ||
Net defined benefit assets (liabilities) | (37,107) | (40,752) |
Effect of limit on plan surpluses | ||
Disclosure of net defined benefit liability (asset) [line items] | ||
Net defined benefit assets (liabilities) | (35) | (37) |
Pension Plan | ||
Disclosure of net defined benefit liability (asset) [line items] | ||
Net defined benefit assets (liabilities) | 6,181 | 7,139 |
Pension Plan | Fair value of plan assets | ||
Disclosure of net defined benefit liability (asset) [line items] | ||
Net defined benefit assets (liabilities) | 42,799 | 47,265 |
Pension Plan | Present value of defined benefit obligations | ||
Disclosure of net defined benefit liability (asset) [line items] | ||
Net defined benefit assets (liabilities) | (36,583) | (40,089) |
Pension Plan | Effect of limit on plan surpluses | ||
Disclosure of net defined benefit liability (asset) [line items] | ||
Net defined benefit assets (liabilities) | (35) | (37) |
Postretirement Health Coverage | ||
Disclosure of net defined benefit liability (asset) [line items] | ||
Net defined benefit assets (liabilities) | (414) | (539) |
Postretirement Health Coverage | Fair value of plan assets | ||
Disclosure of net defined benefit liability (asset) [line items] | ||
Net defined benefit assets (liabilities) | 110 | 124 |
Postretirement Health Coverage | Present value of defined benefit obligations | ||
Disclosure of net defined benefit liability (asset) [line items] | ||
Net defined benefit assets (liabilities) | (524) | (663) |
Postretirement Health Coverage | Effect of limit on plan surpluses | ||
Disclosure of net defined benefit liability (asset) [line items] | ||
Net defined benefit assets (liabilities) | 0 | 0 |
Accruals, deferred income and other liabilities | ||
Disclosure of net defined benefit liability (asset) [line items] | ||
Net defined benefit assets (liabilities) | (2,167) | (2,152) |
Prepayments, accrued income and other assets | ||
Disclosure of net defined benefit liability (asset) [line items] | ||
Net defined benefit assets (liabilities) | $ 7,934 | $ 8,752 |
Employee compensation and be_17
Employee compensation and benefits - HSBC Holdings (Details) $ in Millions | 12 Months Ended | ||
Dec. 31, 2018USD ($)employee | Dec. 31, 2017USD ($)employee | Dec. 31, 2016USD ($)employee | |
Disclosure of defined benefit plans [line items] | |||
Employee compensation and benefits | $ 17,373 | $ 17,315 | $ 18,089 |
Average number of employees | employee | 242,850 | 244,788 | 246,933 |
HSBC Holdings | |||
Disclosure of defined benefit plans [line items] | |||
Employee compensation and benefits | $ 37 | $ 54 | $ 570 |
Average number of employees | employee | 43 | 55 | |
Management fee | $ 2,428 | $ 2,240 |
Employee compensation and be_18
Employee compensation and benefits - Net asset/(liability) under defined benefit pension plans (Details) - USD ($) $ in Millions | 12 Months Ended | |
Dec. 31, 2018 | Dec. 31, 2017 | |
Disclosure of net defined benefit liability (asset) [line items] | ||
Net defined benefit asset/(liability) | $ 6,600 | |
Net defined benefit liability (asset) | 5,767 | $ 6,600 |
Fair value of plan assets | ||
Disclosure of net defined benefit liability (asset) [line items] | ||
Net defined benefit asset/(liability) | 47,389 | |
Net defined benefit liability (asset) | 42,909 | 47,389 |
Present value of defined benefit obligations | ||
Disclosure of net defined benefit liability (asset) [line items] | ||
Net defined benefit asset/(liability) | (40,752) | |
Net defined benefit liability (asset) | (37,107) | (40,752) |
Effect of limit on plan surpluses | ||
Disclosure of net defined benefit liability (asset) [line items] | ||
Net defined benefit asset/(liability) | (37) | |
Net defined benefit liability (asset) | (35) | (37) |
Pension Plan | ||
Disclosure of net defined benefit liability (asset) [line items] | ||
Net defined benefit asset/(liability) | 7,139 | |
Net defined benefit liability (asset) | 6,181 | 7,139 |
Pension Plan | Fair value of plan assets | ||
Disclosure of net defined benefit liability (asset) [line items] | ||
Net defined benefit asset/(liability) | 47,265 | |
Net defined benefit liability (asset) | 42,799 | 47,265 |
Pension Plan | Present value of defined benefit obligations | ||
Disclosure of net defined benefit liability (asset) [line items] | ||
Net defined benefit asset/(liability) | (40,089) | |
Net defined benefit liability (asset) | (36,583) | (40,089) |
Pension Plan | Effect of limit on plan surpluses | ||
Disclosure of net defined benefit liability (asset) [line items] | ||
Net defined benefit asset/(liability) | (37) | |
Net defined benefit liability (asset) | (35) | (37) |
Pension Plan | Principal plan | ||
Disclosure of net defined benefit liability (asset) [line items] | ||
Net defined benefit asset/(liability) | 8,139 | 4,163 |
Current service cost | 66 | 65 |
Past service cost and gains/(losses) from settlements | 280 | 231 |
Service cost | 346 | 296 |
Net interest income/(cost) on the net defined benefit asset/(liability) | (211) | (114) |
Remeasurement effects recognised in other comprehensive income | (321) | 3,140 |
– return on plan assets (excluding interest income) | (1,501) | 1,410 |
– actuarial gains/(losses) | 1,051 | 954 |
– other changes | 129 | 776 |
Exchange differences | (437) | 569 |
Contributions by HSBC | 197 | 449 |
Contributions by employees | 0 | 0 |
Benefits paid | 0 | 0 |
Administrative costs and taxes paid by plan | 0 | 0 |
Net defined benefit liability (asset) | 7,443 | 8,139 |
Pension Plan | Principal plan | Fair value of plan assets | ||
Disclosure of net defined benefit liability (asset) [line items] | ||
Net defined benefit asset/(liability) | 38,265 | 33,442 |
Current service cost | 0 | |
Past service cost and gains/(losses) from settlements | 0 | 0 |
Service cost | 0 | 0 |
Net interest income/(cost) on the net defined benefit asset/(liability) | (970) | (864) |
Remeasurement effects recognised in other comprehensive income | (1,501) | 1,410 |
– return on plan assets (excluding interest income) | (1,501) | 1,410 |
– actuarial gains/(losses) | 0 | 0 |
– other changes | 0 | 0 |
Exchange differences | (2,038) | 3,292 |
Contributions by HSBC | 197 | 449 |
Contributions by employees | 0 | 0 |
Benefits paid | (1,138) | (1,143) |
Administrative costs and taxes paid by plan | (51) | (49) |
Net defined benefit liability (asset) | 34,704 | 38,265 |
Pension Plan | Principal plan | Present value of defined benefit obligations | ||
Disclosure of net defined benefit liability (asset) [line items] | ||
Net defined benefit asset/(liability) | 30,126 | 29,279 |
Current service cost | (66) | (65) |
Past service cost and gains/(losses) from settlements | (280) | (231) |
Service cost | (346) | (296) |
Net interest income/(cost) on the net defined benefit asset/(liability) | (759) | (750) |
Remeasurement effects recognised in other comprehensive income | (1,180) | (1,730) |
– return on plan assets (excluding interest income) | 0 | 0 |
– actuarial gains/(losses) | (1,051) | (954) |
– other changes | (129) | (776) |
Exchange differences | (1,601) | 2,723 |
Contributions by HSBC | 0 | 0 |
Contributions by employees | 0 | 0 |
Benefits paid | (1,138) | (1,143) |
Administrative costs and taxes paid by plan | (51) | (49) |
Net defined benefit liability (asset) | 27,261 | 30,126 |
Pension Plan | Principal plan | Effect of limit on plan surpluses | ||
Disclosure of net defined benefit liability (asset) [line items] | ||
Net defined benefit asset/(liability) | 0 | 0 |
Current service cost | 0 | 0 |
Past service cost and gains/(losses) from settlements | 0 | 0 |
Service cost | 0 | 0 |
Net interest income/(cost) on the net defined benefit asset/(liability) | 0 | 0 |
Remeasurement effects recognised in other comprehensive income | 0 | 0 |
– return on plan assets (excluding interest income) | 0 | 0 |
– actuarial gains/(losses) | 0 | 0 |
– other changes | 0 | 0 |
Exchange differences | 0 | 0 |
Contributions by HSBC | 0 | 0 |
Contributions by employees | 0 | 0 |
Benefits paid | 0 | 0 |
Administrative costs and taxes paid by plan | 0 | 0 |
Net defined benefit liability (asset) | 0 | 0 |
Pension Plan | Other plans | ||
Disclosure of net defined benefit liability (asset) [line items] | ||
Net defined benefit asset/(liability) | (1,000) | (1,537) |
Current service cost | 157 | 160 |
Past service cost and gains/(losses) from settlements | (8) | (218) |
Service cost | 149 | (58) |
Net interest income/(cost) on the net defined benefit asset/(liability) | 30 | 29 |
Remeasurement effects recognised in other comprehensive income | (155) | 289 |
– return on plan assets (excluding interest income) | (568) | 784 |
– actuarial gains/(losses) | 505 | (500) |
– other changes | (92) | 5 |
Exchange differences | (62) | (70) |
Contributions by HSBC | 128 | 236 |
Contributions by employees | 0 | 0 |
Benefits paid | 6 | 53 |
Administrative costs and taxes paid by plan | 0 | 0 |
Net defined benefit liability (asset) | (1,262) | (1,000) |
Pension Plan | Other plans | Fair value of plan assets | ||
Disclosure of net defined benefit liability (asset) [line items] | ||
Net defined benefit asset/(liability) | 9,000 | 8,955 |
Current service cost | 0 | 0 |
Past service cost and gains/(losses) from settlements | 0 | 833 |
Service cost | 0 | 833 |
Net interest income/(cost) on the net defined benefit asset/(liability) | (220) | (272) |
Remeasurement effects recognised in other comprehensive income | (568) | 784 |
– return on plan assets (excluding interest income) | (568) | 784 |
– actuarial gains/(losses) | 0 | 0 |
– other changes | 0 | 0 |
Exchange differences | (151) | 239 |
Contributions by HSBC | 128 | 236 |
Contributions by employees | 26 | 27 |
Benefits paid | (538) | (663) |
Administrative costs and taxes paid by plan | (22) | (17) |
Net defined benefit liability (asset) | 8,095 | 9,000 |
Pension Plan | Other plans | Present value of defined benefit obligations | ||
Disclosure of net defined benefit liability (asset) [line items] | ||
Net defined benefit asset/(liability) | 9,963 | 10,468 |
Current service cost | (157) | (160) |
Past service cost and gains/(losses) from settlements | 8 | 1,051 |
Service cost | (149) | 891 |
Net interest income/(cost) on the net defined benefit asset/(liability) | (249) | (300) |
Remeasurement effects recognised in other comprehensive income | (413) | 486 |
– return on plan assets (excluding interest income) | 0 | 0 |
– actuarial gains/(losses) | (505) | 491 |
– other changes | 92 | (5) |
Exchange differences | (86) | 306 |
Contributions by HSBC | 0 | 0 |
Contributions by employees | (26) | (27) |
Benefits paid | (544) | (716) |
Administrative costs and taxes paid by plan | (22) | (17) |
Net defined benefit liability (asset) | 9,322 | 9,963 |
Pension Plan | Other plans | Effect of limit on plan surpluses | ||
Disclosure of net defined benefit liability (asset) [line items] | ||
Net defined benefit asset/(liability) | 37 | 24 |
Current service cost | 0 | 0 |
Past service cost and gains/(losses) from settlements | 0 | 0 |
Service cost | 0 | 0 |
Net interest income/(cost) on the net defined benefit asset/(liability) | (1) | (1) |
Remeasurement effects recognised in other comprehensive income | 0 | 9 |
– return on plan assets (excluding interest income) | 0 | 0 |
– actuarial gains/(losses) | 0 | 9 |
– other changes | 0 | 0 |
Exchange differences | (3) | 3 |
Contributions by HSBC | 0 | 0 |
Contributions by employees | 0 | 0 |
Benefits paid | 0 | 0 |
Administrative costs and taxes paid by plan | 0 | 0 |
Net defined benefit liability (asset) | 35 | 37 |
Pension Plan | Normal | Principal plan | ||
Disclosure of net defined benefit liability (asset) [line items] | ||
Contributions by HSBC | 197 | 58 |
Pension Plan | Normal | Principal plan | Fair value of plan assets | ||
Disclosure of net defined benefit liability (asset) [line items] | ||
Contributions by HSBC | 197 | 58 |
Pension Plan | Normal | Principal plan | Present value of defined benefit obligations | ||
Disclosure of net defined benefit liability (asset) [line items] | ||
Contributions by HSBC | 0 | 0 |
Pension Plan | Normal | Principal plan | Effect of limit on plan surpluses | ||
Disclosure of net defined benefit liability (asset) [line items] | ||
Contributions by HSBC | 0 | 0 |
Pension Plan | Normal | Other plans | ||
Disclosure of net defined benefit liability (asset) [line items] | ||
Contributions by HSBC | 128 | 215 |
Pension Plan | Normal | Other plans | Fair value of plan assets | ||
Disclosure of net defined benefit liability (asset) [line items] | ||
Contributions by HSBC | 128 | 215 |
Pension Plan | Normal | Other plans | Present value of defined benefit obligations | ||
Disclosure of net defined benefit liability (asset) [line items] | ||
Contributions by HSBC | 0 | 0 |
Pension Plan | Normal | Other plans | Effect of limit on plan surpluses | ||
Disclosure of net defined benefit liability (asset) [line items] | ||
Contributions by HSBC | 0 | 0 |
Pension Plan | Special | Principal plan | ||
Disclosure of net defined benefit liability (asset) [line items] | ||
Contributions by HSBC | 0 | 391 |
Pension Plan | Special | Principal plan | Fair value of plan assets | ||
Disclosure of net defined benefit liability (asset) [line items] | ||
Contributions by HSBC | 0 | 391 |
Pension Plan | Special | Principal plan | Present value of defined benefit obligations | ||
Disclosure of net defined benefit liability (asset) [line items] | ||
Contributions by HSBC | 0 | 0 |
Pension Plan | Special | Principal plan | Effect of limit on plan surpluses | ||
Disclosure of net defined benefit liability (asset) [line items] | ||
Contributions by HSBC | 0 | 0 |
Pension Plan | Special | Other plans | ||
Disclosure of net defined benefit liability (asset) [line items] | ||
Contributions by HSBC | 0 | 21 |
Pension Plan | Special | Other plans | Fair value of plan assets | ||
Disclosure of net defined benefit liability (asset) [line items] | ||
Contributions by HSBC | 0 | 21 |
Pension Plan | Special | Other plans | Present value of defined benefit obligations | ||
Disclosure of net defined benefit liability (asset) [line items] | ||
Contributions by HSBC | 0 | 0 |
Pension Plan | Special | Other plans | Effect of limit on plan surpluses | ||
Disclosure of net defined benefit liability (asset) [line items] | ||
Contributions by HSBC | 0 | 0 |
Pension Plan | Actives | Principal plan | Present value of defined benefit obligations | ||
Disclosure of net defined benefit liability (asset) [line items] | ||
Net defined benefit asset/(liability) | 5,837 | |
Net defined benefit liability (asset) | 5,337 | 5,837 |
Pension Plan | Actives | Other plans | Present value of defined benefit obligations | ||
Disclosure of net defined benefit liability (asset) [line items] | ||
Net defined benefit asset/(liability) | 5,084 | |
Net defined benefit liability (asset) | 4,443 | 5,084 |
Pension Plan | Deferreds | Principal plan | Present value of defined benefit obligations | ||
Disclosure of net defined benefit liability (asset) [line items] | ||
Net defined benefit asset/(liability) | 8,745 | |
Net defined benefit liability (asset) | 8,200 | 8,745 |
Pension Plan | Deferreds | Other plans | Present value of defined benefit obligations | ||
Disclosure of net defined benefit liability (asset) [line items] | ||
Net defined benefit asset/(liability) | 1,663 | |
Net defined benefit liability (asset) | 1,589 | 1,663 |
Pension Plan | Pensioners | Principal plan | Present value of defined benefit obligations | ||
Disclosure of net defined benefit liability (asset) [line items] | ||
Net defined benefit asset/(liability) | 15,544 | |
Net defined benefit liability (asset) | 13,724 | 15,544 |
Pension Plan | Pensioners | Other plans | Present value of defined benefit obligations | ||
Disclosure of net defined benefit liability (asset) [line items] | ||
Net defined benefit asset/(liability) | 3,216 | |
Net defined benefit liability (asset) | $ 3,290 | $ 3,216 |
Employee compensation and be_19
Employee compensation and benefits - Benefits expected to be paid from plans (Details) $ in Millions | 12 Months Ended | |
Dec. 31, 2018USD ($)year | Dec. 31, 2017year | |
Employee Compensation And Benefits [Abstract] | ||
Estimate of contributions expected to be paid to plan for next annual reporting period | $ 312 | |
Pension Plan | Principal plan | ||
Disclosure of defined benefit plans [line items] | ||
Weighted average duration of defined benefit obligation | year | 17 | 17.4 |
Pension Plan | Principal plan | 2019 | ||
Disclosure of defined benefit plans [line items] | ||
Benefits expected to be paid from plans | $ 820 | |
Pension Plan | Principal plan | 2020 | ||
Disclosure of defined benefit plans [line items] | ||
Benefits expected to be paid from plans | 856 | |
Pension Plan | Principal plan | 2021 | ||
Disclosure of defined benefit plans [line items] | ||
Benefits expected to be paid from plans | 911 | |
Pension Plan | Principal plan | 2022 | ||
Disclosure of defined benefit plans [line items] | ||
Benefits expected to be paid from plans | 981 | |
Pension Plan | Principal plan | 2023 | ||
Disclosure of defined benefit plans [line items] | ||
Benefits expected to be paid from plans | 1,004 | |
Pension Plan | Principal plan | 2024 - 2028 | ||
Disclosure of defined benefit plans [line items] | ||
Benefits expected to be paid from plans | $ 5,248 | |
Pension Plan | Other plans | ||
Disclosure of defined benefit plans [line items] | ||
Weighted average duration of defined benefit obligation | year | 13.3 | 12.9 |
Pension Plan | Other plans | 2019 | ||
Disclosure of defined benefit plans [line items] | ||
Benefits expected to be paid from plans | $ 442 | |
Pension Plan | Other plans | 2020 | ||
Disclosure of defined benefit plans [line items] | ||
Benefits expected to be paid from plans | 517 | |
Pension Plan | Other plans | 2021 | ||
Disclosure of defined benefit plans [line items] | ||
Benefits expected to be paid from plans | 522 | |
Pension Plan | Other plans | 2022 | ||
Disclosure of defined benefit plans [line items] | ||
Benefits expected to be paid from plans | 514 | |
Pension Plan | Other plans | 2023 | ||
Disclosure of defined benefit plans [line items] | ||
Benefits expected to be paid from plans | 469 | |
Pension Plan | Other plans | 2024 - 2028 | ||
Disclosure of defined benefit plans [line items] | ||
Benefits expected to be paid from plans | $ 2,286 |
Employee compensation and be_20
Employee compensation and benefits - Fair value of plan assets by asset classes (Details) - Pension Plan $ in Millions, £ in Billions | Dec. 31, 2018USD ($) | Dec. 31, 2017USD ($) | Dec. 31, 2016USD ($) | Dec. 31, 2016GBP (£) |
Principal plan | ||||
Disclosure of fair value of plan assets [line items] | ||||
Fair value of plan assets | $ 34,704 | $ 38,265 | $ 37,200 | £ 30.2 |
– equities | 3,675 | 6,131 | ||
– bonds | 26,509 | 26,591 | ||
– derivatives | 2,030 | 2,398 | ||
– other | 2,490 | 3,145 | ||
Principal plan | HSBC Bank plc | ||||
Disclosure of fair value of plan assets [line items] | ||||
Fair value of plan assets | 1,034 | 1,006 | ||
– equities | 0 | 0 | ||
– bonds | 0 | 0 | ||
– derivatives | 1,034 | 1,006 | ||
– other | 0 | 0 | ||
Other plans | ||||
Disclosure of fair value of plan assets [line items] | ||||
Fair value of plan assets | 8,095 | 9,000 | ||
– equities | 1,663 | 2,005 | ||
– bonds | 5,707 | 5,871 | ||
– derivatives | 37 | 0 | ||
– other | 688 | 1,124 | ||
Other plans | HSBC Bank plc | ||||
Disclosure of fair value of plan assets [line items] | ||||
Fair value of plan assets | 182 | 114 | ||
– equities | 2 | 0 | ||
– bonds | 7 | 7 | ||
– derivatives | 0 | 0 | ||
– other | 173 | 107 | ||
Level 1 | Principal plan | ||||
Disclosure of fair value of plan assets [line items] | ||||
Fair value of plan assets | 31,300 | 33,624 | ||
– equities | 3,675 | 5,503 | ||
– bonds | 26,509 | 26,591 | ||
– derivatives | 0 | 0 | ||
– other | 1,116 | 1,530 | ||
Level 1 | Other plans | ||||
Disclosure of fair value of plan assets [line items] | ||||
Fair value of plan assets | 6,795 | 7,737 | ||
– equities | 742 | 1,340 | ||
– bonds | 5,559 | 5,714 | ||
– derivatives | 0 | 39 | ||
– other | 494 | 644 | ||
Level 3 of fair value hierarchy | Principal plan | ||||
Disclosure of fair value of plan assets [line items] | ||||
Fair value of plan assets | 3,404 | 4,641 | ||
– equities | 0 | 628 | ||
– bonds | 0 | 0 | ||
– derivatives | 2,030 | 2,398 | ||
– other | 1,374 | 1,615 | ||
Level 3 of fair value hierarchy | Other plans | ||||
Disclosure of fair value of plan assets [line items] | ||||
Fair value of plan assets | 1,300 | 1,263 | ||
– equities | 921 | 665 | ||
– bonds | 148 | 157 | ||
– derivatives | 37 | (39) | ||
– other | $ 194 | $ 480 |
Employee compensation and be_21
Employee compensation and benefits - Key actuarial assumptions for the principal plan (Details) - Pension Plan - Principal plan | Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 |
Disclosure of defined benefit plans [line items] | |||
Discount rate | 2.80% | 2.60% | 2.50% |
Inflation rate | 3.40% | 3.40% | 3.50% |
Rate of increase for pensions | 3.10% | 3.10% | 3.20% |
Rate of pay increase | 3.65% | 3.88% | 4.00% |
Employee compensation and be_22
Employee compensation and benefits - Mortality tables and average life expectancy at age 65 for the principal plan (Details) - Pension Plan - Principal plan | Dec. 31, 2018 | Dec. 31, 2017 |
Aged 65, Male | ||
Disclosure of defined benefit plans [line items] | ||
Life expectancy at age 65 | 21.6 | 22.2 |
Aged 45, Male | ||
Disclosure of defined benefit plans [line items] | ||
Life expectancy at age 65 | 22.9 | 23.6 |
Aged 65, Female | ||
Disclosure of defined benefit plans [line items] | ||
Life expectancy at age 65 | 24.1 | 24.4 |
Aged 45, Female | ||
Disclosure of defined benefit plans [line items] | ||
Life expectancy at age 65 | 25.6 | 25.9 |
Employee compensation and be_23
Employee compensation and benefits - The effect of changes in key assumptions on the principal plan (Details) - Pension Plan - Principal plan - USD ($) $ in Millions | 12 Months Ended | |
Dec. 31, 2018 | Dec. 31, 2017 | |
Discount rate | ||
Disclosure of sensitivity analysis for actuarial assumptions [line items] | ||
Financial impact of increase | $ (1,097) | $ (1,246) |
Financial impact of decrease | $ 1,170 | $ 1,333 |
Percentage of reasonably possible increase in actuarial assumption | 0.25% | 0.25% |
Percentage of reasonably possible decrease in actuarial assumption | 0.25% | 0.25% |
Inflation rate | ||
Disclosure of sensitivity analysis for actuarial assumptions [line items] | ||
Financial impact of increase | $ 734 | $ 850 |
Financial impact of decrease | $ (724) | $ (837) |
Percentage of reasonably possible increase in actuarial assumption | 0.25% | 0.25% |
Percentage of reasonably possible decrease in actuarial assumption | 0.25% | 0.25% |
Pension payments and deferred pensions | ||
Disclosure of sensitivity analysis for actuarial assumptions [line items] | ||
Financial impact of increase | $ 1,172 | $ 1,077 |
Financial impact of decrease | $ (1,105) | $ (1,021) |
Percentage of reasonably possible increase in actuarial assumption | 0.25% | 0.25% |
Percentage of reasonably possible decrease in actuarial assumption | 0.25% | 0.25% |
Pay | ||
Disclosure of sensitivity analysis for actuarial assumptions [line items] | ||
Financial impact of increase | $ 55 | $ 62 |
Financial impact of decrease | $ (56) | $ (61) |
Percentage of reasonably possible increase in actuarial assumption | 0.25% | 0.25% |
Percentage of reasonably possible decrease in actuarial assumption | 0.25% | 0.25% |
Change in mortality | ||
Disclosure of sensitivity analysis for actuarial assumptions [line items] | ||
Financial impact of increase | $ 1,494 | $ 1,332 |
Duration of reasonably possible increase in actuarial assumption | 1 year | 1 year |
Auditors' remuneration - Summar
Auditors' remuneration - Summary of auditors' remuneration (Details) - USD ($) $ in Millions | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Additional information [abstract] | |||
Audit fees payable to PwC | $ 86.6 | $ 84.8 | $ 65.7 |
Other audit fees payable | 0.9 | 1.2 | 1.6 |
Year ended 31 Dec | $ 87.5 | $ 86 | $ 67.3 |
Auditors' remuneration - Fees p
Auditors' remuneration - Fees payable by HSBC to PwC (Details) - USD ($) $ in Millions | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Additional information [abstract] | |||
Fees for HSBC Holdings’ statutory audit | $ 16.4 | $ 15.1 | $ 14 |
Fees for other services provided to HSBC | 103.1 | 114.6 | 97.1 |
– audit of HSBC’s subsidiaries | 70.2 | 69.7 | 51.7 |
– audit-related assurance services | 11.4 | 10.8 | 17.8 |
– other assurance services | 13.5 | 25.2 | 14.9 |
– taxation compliance services | 1.4 | 1.2 | 1.9 |
– taxation advisory services | 0.1 | 0 | 0.4 |
– other non-audit services | 6.5 | 7.7 | 10.4 |
Year ended 31 Dec | $ 119.5 | $ 129.7 | $ 111.1 |
Auditors' remuneration - Fees_2
Auditors' remuneration - Fees payable by HSBC's associated pension schemes to PwC (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Disclosure of defined benefit plans [line items] | |||
Audit of HSBC’s associated pension schemes | $ 87,500 | $ 86,000 | $ 67,300 |
Audit-related assurance services | 11,400 | 10,800 | 17,800 |
Year ended 31 Dec | 119,500 | 129,700 | 111,100 |
Pension Plan | |||
Disclosure of defined benefit plans [line items] | |||
Audit of HSBC’s associated pension schemes | 172 | 260 | 208 |
Audit-related assurance services | 0 | 4 | 4 |
Year ended 31 Dec | 172 | 264 | 212 |
Final fee adjustment related to prior year audit overruns | 4,200 | ||
Estimated fees paid by associated third parties | $ 14,000 | $ 3,500 | $ 4,300 |
Tax - Tax expense (Details)
Tax - Tax expense (Details) - USD ($) $ in Millions | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Income Taxes [Abstract] | |||
Current tax | $ 4,195 | $ 4,264 | $ 3,669 |
– for this year | 4,158 | 4,115 | 3,525 |
– adjustments in respect of prior years | 37 | 149 | 144 |
Deferred tax | 670 | 1,024 | (3) |
– origination and reversal of temporary differences | 656 | (228) | (111) |
– effect of changes in tax rates | 17 | 1,337 | (4) |
– adjustments in respect of prior years | (3) | (85) | 112 |
Total tax expense | 4,865 | 5,288 | 3,666 |
Summary Of Income Taxes [Line Items] | |||
Tax expense | $ 3,779 | $ 3,305 | $ 1,422 |
Applicable tax rate | 19.00% | 19.25% | 20.00% |
Hong Kong | |||
Summary Of Income Taxes [Line Items] | |||
Tax expense | $ 1,532 | $ 1,350 | $ 1,118 |
Applicable tax rate | 16.50% | 16.50% | 16.50% |
Tax - Tax reconciliation (Detai
Tax - Tax reconciliation (Details) - USD ($) $ in Millions | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Reconciliation of accounting profit multiplied by applicable tax rates [abstract] | |||
Profit before tax | $ 19,890 | $ 17,167 | $ 7,112 |
Taxation at UK corporation tax rate of 19.00% (2017: 19.25%; 2016: 20.0%) | 3,779 | 3,305 | 1,422 |
Impact of differently taxed overseas profits in overseas locations | 264 | 407 | 43 |
– local taxes and overseas withholding taxes | 437 | 618 | 434 |
– UK tax losses not recognised | 435 | 70 | 305 |
– other permanent disallowables | 396 | 400 | 438 |
– UK banking surcharge | 229 | 136 | 199 |
– bank levy | 191 | 180 | 170 |
– non-deductible regulatory settlements | 153 | (132) | 20 |
– impacts of hyperinflation | 78 | 0 | 0 |
– adjustments in respect of prior period liabilities | 34 | 64 | 256 |
– non-UK tax losses not recognised | 32 | 33 | 147 |
– change in tax rates | 17 | 49 | (4) |
– non-deductible UK customer compensation | 16 | 166 | 162 |
– deferred tax remeasurement due to US federal tax rate reduction | 0 | 1,288 | 0 |
– non-deductible goodwill write-down | 0 | 0 | 648 |
– non-deductible loss and taxes suffered on Brazil disposal | 0 | 0 | 464 |
– non-taxable income and gains | (691) | (766) | (577) |
– effect of profits in associates and joint ventures | (492) | (481) | (461) |
– other items | (13) | 0 | 0 |
– other deferred tax temporary differences previously not recognised | 0 | (49) | 0 |
Total tax expense | $ 4,865 | $ 5,288 | $ 3,666 |
Reconciliation of average effective tax rate and applicable tax rate [abstract] | |||
Taxation at UK corporation tax rate of 19.00% (2017: 19.25%; 2016: 20.0%) | 19.00% | 19.25% | 20.00% |
Impact of differently taxed overseas profits in overseas locations | 1.30% | 2.30% | 0.60% |
– local taxes and overseas withholding taxes | 2.20% | 3.60% | 6.10% |
– UK tax losses not recognised | 2.20% | 0.40% | 4.30% |
– other permanent disallowables | 2.00% | 2.30% | 6.20% |
– UK banking surcharge | 1.10% | 0.80% | 2.80% |
– bank levy | 1.00% | 1.00% | 2.40% |
– non-deductible regulatory settlements | 0.80% | (0.80%) | 0.30% |
– impacts of hyperinflation | 0.40% | 0.00% | 0.00% |
– adjustments in respect of prior period liabilities | 0.20% | 0.40% | 3.60% |
– non-UK tax losses not recognised | 0.20% | 0.20% | 2.10% |
– change in tax rates | 0.10% | 0.30% | (0.10%) |
– non-deductible UK customer compensation | 0.10% | 1.00% | 2.30% |
– deferred tax remeasurement due to US federal tax rate reduction | 0.00% | 7.50% | 0.00% |
– non-deductible goodwill write-down | 0.00% | 0.00% | 9.10% |
– non-deductible loss and taxes suffered on Brazil disposal | 0.00% | 0.00% | 6.50% |
– non-taxable income and gains | (3.50%) | (4.40%) | (8.10%) |
– effect of profits in associates and joint ventures | (2.50%) | (2.80%) | (6.50%) |
– other items | (0.10%) | 0.00% | 0.00% |
– other deferred tax temporary differences previously not recognised | (0.00%) | (0.30%) | (0.00%) |
Average effective tax rate | 24.50% | 30.80% | 51.60% |
Tax - Tax reconciliation commen
Tax - Tax reconciliation commentary (Details) - USD ($) $ in Millions | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Summary Of Income Taxes [Line Items] | |||
Applicable tax rate | 19.00% | 19.25% | 20.00% |
Average effective tax rate | 24.50% | 30.80% | 51.60% |
Deferred tax remeasurement due to US federal tax rate reduction | $ 0 | $ 1,288 | $ 0 |
Pro Forma | |||
Summary Of Income Taxes [Line Items] | |||
Average effective tax rate | 20.30% | 21.15% | |
Hong Kong | |||
Summary Of Income Taxes [Line Items] | |||
Applicable tax rate | 16.50% | 16.50% | 16.50% |
United States | |||
Summary Of Income Taxes [Line Items] | |||
Applicable tax rate | 21.00% | ||
UK | |||
Summary Of Income Taxes [Line Items] | |||
Applicable tax rate | 19.00% |
Tax - Movement of deferred tax
Tax - Movement of deferred tax assets and liabilities (Details) - USD ($) $ in Millions | 12 Months Ended | |||
Dec. 31, 2018 | Dec. 31, 2017 | Jan. 01, 2018 | [1] | |
Reconciliation of changes in deferred tax liability (asset) [abstract] | ||||
Assets | $ 6,324 | $ 7,353 | ||
Liabilities | (3,630) | (2,813) | ||
Deferred tax asset (liability) | 2,694 | 4,540 | ||
IFRS 9 transitional adjustment | 406 | |||
Income statement | (670) | (1,024) | ||
Other comprehensive income | (532) | (890) | ||
Equity | (23) | 29 | ||
Foreign exchange and other adjustments | (44) | 39 | ||
Deferred tax asset (liability) | 1,831 | 2,694 | ||
Assets | 5,148 | 6,324 | ||
Liabilities | (3,317) | (3,630) | ||
Deferred tax assets | 4,450 | 4,676 | $ 4,714 | |
Deferred tax liabilities | 2,619 | 1,982 | $ 1,614 | |
Loan impairment provisions | ||||
Reconciliation of changes in deferred tax liability (asset) [abstract] | ||||
Assets | 713 | 950 | ||
Deferred tax asset (liability) | 713 | 950 | ||
IFRS 9 transitional adjustment | 358 | |||
Income statement | (72) | (235) | ||
Other comprehensive income | 3 | |||
Foreign exchange and other adjustments | (17) | (5) | ||
Deferred tax asset (liability) | 982 | 713 | ||
Assets | 982 | 713 | ||
Unused tax losses and tax credits | ||||
Reconciliation of changes in deferred tax liability (asset) [abstract] | ||||
Assets | 1,373 | 2,212 | ||
Deferred tax asset (liability) | 1,373 | 2,212 | ||
IFRS 9 transitional adjustment | 0 | |||
Income statement | (203) | (873) | ||
Other comprehensive income | (6) | |||
Foreign exchange and other adjustments | (14) | 40 | ||
Deferred tax asset (liability) | 1,156 | 1,373 | ||
Assets | 1,156 | 1,373 | ||
Derivatives, FVOD and other investments | ||||
Reconciliation of changes in deferred tax liability (asset) [abstract] | ||||
Assets | 1,282 | 1,441 | ||
Liabilities | (93) | (274) | ||
Deferred tax asset (liability) | 1,189 | 1,167 | ||
IFRS 9 transitional adjustment | (411) | |||
Income statement | 51 | (397) | ||
Other comprehensive income | (722) | 368 | ||
Foreign exchange and other adjustments | 9 | 51 | ||
Deferred tax asset (liability) | 116 | 1,189 | ||
Assets | 492 | 1,282 | ||
Liabilities | (376) | (93) | ||
Insurance business | ||||
Reconciliation of changes in deferred tax liability (asset) [abstract] | ||||
Liabilities | (1,182) | (1,170) | ||
Deferred tax asset (liability) | (1,182) | (1,170) | ||
IFRS 9 transitional adjustment | 0 | |||
Income statement | (104) | 12 | ||
Foreign exchange and other adjustments | 15 | (24) | ||
Deferred tax asset (liability) | (1,271) | (1,182) | ||
Liabilities | (1,271) | (1,182) | ||
Expense provisions | ||||
Reconciliation of changes in deferred tax liability (asset) [abstract] | ||||
Assets | 643 | 893 | ||
Deferred tax asset (liability) | 643 | 893 | ||
IFRS 9 transitional adjustment | 0 | |||
Income statement | 19 | (269) | ||
Other comprehensive income | 0 | |||
Foreign exchange and other adjustments | (33) | 19 | ||
Deferred tax asset (liability) | 629 | 643 | ||
Assets | 629 | 643 | ||
Other | ||||
Reconciliation of changes in deferred tax liability (asset) [abstract] | ||||
Assets | 2,313 | 1,857 | ||
Liabilities | (2,355) | (1,369) | ||
Deferred tax asset (liability) | (42) | 488 | ||
IFRS 9 transitional adjustment | 459 | |||
Income statement | (361) | 738 | ||
Other comprehensive income | 190 | (1,255) | ||
Equity | (23) | 29 | ||
Foreign exchange and other adjustments | (4) | (42) | ||
Deferred tax asset (liability) | 219 | (42) | ||
Assets | 1,889 | 2,313 | ||
Liabilities | $ (1,670) | $ (2,355) | ||
[1] | Balances at 1 January 2018 have been prepared in accordance with accounting policies referred to on page 263. 31 December 2017 balances have not been re-presented. Information regarding the effects of adoption of IFRS 9 can be found in Note 37. |
Tax - Movement of deferred ta_2
Tax - Movement of deferred tax assets and liabilities commentary (Details) - USD ($) $ in Millions | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | |||
Deferred tax asset (liability) | $ (1,831) | $ (2,694) | $ (4,540) |
Period for majority recovery of deferred tax assets (liabilities) | 5 years | ||
Management's approved financial forecast period | 5 years | ||
Deferred tax remeasurement due to US federal tax rate reduction | $ 0 | 1,288 | $ 0 |
Tax effect to other comprehensive income of deferred tax remeasurement due to foreign tax rate change | 300 | ||
Gross temporary differences, unused tax losses and unused tax credits for which no deferred tax asset is recognised | 8,900 | 18,100 | |
Unused tax losses for which no deferred tax asset recognised | 800 | 12,300 | |
Temporary differences relcated to unrecognised deferred tax liabilities arising on investments in subsidiaries and branches | 13,200 | 12,100 | |
Temporary differences from investments in subsidiaries and branches | |||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | |||
Deferred tax asset (liability) | 900 | 800 | |
United States | |||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | |||
Deferred tax asset (liability) | (3,000) | (3,200) | |
United States | Unused tax losses | |||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | |||
Deferred tax asset (liability) | $ (1,000) | ||
Top of range | |||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | |||
Period for substantial recovery of deferred tax assets (liabilities) | 7 years | ||
Top of range | United States | Unused tax losses | |||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | |||
Deferred tax asset and liability expiration period | 15 years | ||
Bottom of range | |||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | |||
Period for substantial recovery of deferred tax assets (liabilities) | 6 years | ||
Bottom of range | United States | Unused tax losses | |||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | |||
Deferred tax asset and liability expiration period | 19 years | ||
Not subject to expiration | |||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | |||
Gross temporary differences, unused tax losses and unused tax credits for which no deferred tax asset is recognised | $ 7,000 | 4,800 | |
Expiration within 10 years | |||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | |||
Gross temporary differences, unused tax losses and unused tax credits for which no deferred tax asset is recognised | $ 1,300 | $ 800 |
Dividends - Dividends to share
Dividends - Dividends to shareholders of the parent company (Details) - USD ($) $ / shares in Units, $ in Millions | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Dividends Payable [Line Items] | |||
Dividends paid on ordinary shares per share (in usd per share) | $ 0.51 | $ 0.51 | $ 0.51 |
Dividends paid on ordinary shares | $ 10,187 | $ 10,193 | $ 10,099 |
Dividends on preference shares classified as equity | 11,547 | 11,551 | 11,279 |
Settled in scrip | $ 1,494 | $ 3,206 | $ 3,040 |
Preference shares | |||
Dividends Payable [Line Items] | |||
Dividends on preference shares classified as equity (in dollars per share) | $ 62 | $ 62 | $ 62 |
Dividends on preference shares classified as equity | $ 90 | $ 90 | $ 90 |
Other equity instruments | |||
Dividends Payable [Line Items] | |||
Dividends on preference shares classified as equity | $ 1,270 | $ 1,268 | $ 1,090 |
Fourth interim dividend | |||
Dividends Payable [Line Items] | |||
Dividends paid on ordinary shares per share (in usd per share) | $ 0.21 | $ 0.21 | $ 0.21 |
Dividends paid on ordinary shares | $ 4,197 | $ 4,169 | $ 4,137 |
Settled in scrip | $ 393 | $ 1,945 | $ 408 |
First interim dividend | |||
Dividends Payable [Line Items] | |||
Dividends paid on ordinary shares per share (in usd per share) | $ 0.10 | $ 0.10 | $ 0.10 |
Dividends paid on ordinary shares | $ 2,008 | $ 2,005 | $ 1,981 |
Settled in scrip | $ 213 | $ 826 | $ 703 |
Second interim dividend | |||
Dividends Payable [Line Items] | |||
Dividends paid on ordinary shares per share (in usd per share) | $ 0.10 | $ 0.10 | $ 0.10 |
Dividends paid on ordinary shares | $ 1,990 | $ 2,014 | $ 1,991 |
Settled in scrip | $ 181 | $ 193 | $ 994 |
Third interim dividend | |||
Dividends Payable [Line Items] | |||
Dividends paid on ordinary shares per share (in usd per share) | $ 0.10 | $ 0.10 | $ 0.10 |
Dividends paid on ordinary shares | $ 1,992 | $ 2,005 | $ 1,990 |
Settled in scrip | $ 707 | $ 242 | $ 935 |
Dividends - Total coupons on ca
Dividends - Total coupons on capital securities classified as equity (Details) | 12 Months Ended | ||||||
Dec. 31, 2018USD ($)$ / shares | Dec. 31, 2018USD ($)$ / shares | Dec. 31, 2018USD ($)€ / shares | Dec. 31, 2017USD ($) | Dec. 31, 2016USD ($) | Dec. 31, 2018EUR (€) | Dec. 31, 2018SGD ($) | |
Disclosure Of Other Equity [Line Items] | |||||||
Dividends on other equity instruments | $ 11,547,000,000 | $ 11,551,000,000 | $ 11,279,000,000 | ||||
8.125% Perpetual Subordinated Capital Securities | |||||||
Disclosure Of Other Equity [Line Items] | |||||||
Notional amount | $ 2,200,000,000 | $ 2,200,000,000 | $ 2,200,000,000 | ||||
Other equity instruments interest rate | 8.125% | 8.125% | 8.125% | 8.125% | 8.125% | ||
8.000% Perpetual Subordinated Capital Securities, Series 2 | |||||||
Disclosure Of Other Equity [Line Items] | |||||||
Notional amount | $ 3,800,000,000 | $ 3,800,000,000 | $ 3,800,000,000 | ||||
Other equity instruments interest rate | 8.00% | 8.00% | 8.00% | 8.00% | 8.00% | ||
$1,500m 5.625% Perpetual Subordinated Contingent Convertible Securities | |||||||
Disclosure Of Other Equity [Line Items] | |||||||
Notional amount | $ 1,500,000,000 | $ 1,500,000,000 | $ 1,500,000,000 | ||||
Other equity instruments interest rate | 5.625% | 5.625% | 5.625% | 5.625% | 5.625% | ||
$2,000m 6.875% Perpetual Subordinated Contingent Convertible Securities | |||||||
Disclosure Of Other Equity [Line Items] | |||||||
Notional amount | $ 2,000,000,000 | $ 2,000,000,000 | $ 2,000,000,000 | ||||
Other equity instruments interest rate | 6.875% | 6.875% | 6.875% | 6.875% | 6.875% | ||
$2,250m 6.375% Perpetual Subordinated Contingent Convertible Securities | |||||||
Disclosure Of Other Equity [Line Items] | |||||||
Notional amount | $ 2,250,000,000 | $ 2,250,000,000 | $ 2,250,000,000 | ||||
Other equity instruments interest rate | 6.375% | 6.375% | 6.375% | 6.375% | 6.375% | ||
$2,450m 6.375% Perpetual Subordinated Contingent Convertible Securities | |||||||
Disclosure Of Other Equity [Line Items] | |||||||
Notional amount | $ 2,450,000,000 | $ 2,450,000,000 | $ 2,450,000,000 | ||||
Other equity instruments interest rate | 6.375% | 6.375% | 6.375% | 6.375% | 6.375% | ||
$3,000m 6.000% Perpetual Subordinated Contingent Convertible Securities | |||||||
Disclosure Of Other Equity [Line Items] | |||||||
Notional amount | $ 3,000,000,000 | $ 3,000,000,000 | $ 3,000,000,000 | ||||
Other equity instruments interest rate | 6.00% | 6.00% | 6.00% | 6.00% | 6.00% | ||
$2,350m 6.250% Perpetual Subordinated Contingent Convertible Securities | |||||||
Disclosure Of Other Equity [Line Items] | |||||||
Notional amount | $ 2,350,000,000 | $ 2,350,000,000 | $ 2,350,000,000 | ||||
Other equity instruments interest rate | 6.25% | 6.25% | 6.25% | 6.25% | 6.25% | ||
$1,800m 6.500% Perpetual Subordinated Contingent Convertible Securities | |||||||
Disclosure Of Other Equity [Line Items] | |||||||
Notional amount | $ 1,800,000,000 | $ 1,800,000,000 | $ 1,800,000,000 | ||||
Other equity instruments interest rate | 6.50% | 6.50% | 6.50% | 6.50% | 6.50% | ||
EUR 1,500m 5.250% Perpetual Subordinated Contingent Convertible Securities | |||||||
Disclosure Of Other Equity [Line Items] | |||||||
Notional amount | € | € 1,500,000,000 | ||||||
Other equity instruments interest rate | 5.25% | 5.25% | 5.25% | 5.25% | 5.25% | ||
EUR 1,000m 6.000% Perpetual Subordinated Contingent Convertible Securities | |||||||
Disclosure Of Other Equity [Line Items] | |||||||
Notional amount | € | € 1,000,000,000 | ||||||
Other equity instruments interest rate | 6.00% | 6.00% | 6.00% | 6.00% | 6.00% | ||
EUR 1,250m 4.750% Perpetual Subordinated Contingent Convertible Securities | |||||||
Disclosure Of Other Equity [Line Items] | |||||||
Notional amount | € | € 1,250,000,000 | ||||||
Other equity instruments interest rate | 4.75% | 4.75% | 4.75% | 4.75% | 4.75% | ||
SGD 1000m 4.750% Perpetual Subordinated Contingent Convertible Securities | |||||||
Disclosure Of Other Equity [Line Items] | |||||||
Notional amount | $ 1,000,000,000 | ||||||
Other equity instruments interest rate | 4.70% | 4.70% | 4.70% | 4.70% | 4.70% | ||
Other equity interest | |||||||
Disclosure Of Other Equity [Line Items] | |||||||
Dividends on other equity instruments | $ 1,270,000,000 | 1,268,000,000 | 1,090,000,000 | ||||
Other equity interest | 8.125% Perpetual Subordinated Capital Securities | |||||||
Disclosure Of Other Equity [Line Items] | |||||||
Dividends on other equity instruments (in dollars per share) | $ / shares | $ 2.032 | ||||||
Dividends on other equity instruments | $ 89,000,000 | 179,000,000 | 179,000,000 | ||||
Other equity interest | 8.000% Perpetual Subordinated Capital Securities, Series 2 | |||||||
Disclosure Of Other Equity [Line Items] | |||||||
Dividends on other equity instruments (in dollars per share) | $ / shares | $ 2 | ||||||
Dividends on other equity instruments | $ 76,000,000 | 304,000,000 | 304,000,000 | ||||
Other equity interest | $1,500m 5.625% Perpetual Subordinated Contingent Convertible Securities | |||||||
Disclosure Of Other Equity [Line Items] | |||||||
Dividends on other equity instruments (in dollars per share) | $ / shares | $ 56.250 | ||||||
Dividends on other equity instruments | $ 84,000,000 | 84,000,000 | 84,000,000 | ||||
Other equity interest | $2,000m 6.875% Perpetual Subordinated Contingent Convertible Securities | |||||||
Disclosure Of Other Equity [Line Items] | |||||||
Dividends on other equity instruments (in dollars per share) | $ / shares | $ 68.750 | ||||||
Dividends on other equity instruments | $ 138,000,000 | 138,000,000 | 69,000,000 | ||||
Other equity interest | $2,250m 6.375% Perpetual Subordinated Contingent Convertible Securities | |||||||
Disclosure Of Other Equity [Line Items] | |||||||
Dividends on other equity instruments (in dollars per share) | $ / shares | $ 63.750 | ||||||
Dividends on other equity instruments | $ 143,000,000 | 143,000,000 | 143,000,000 | ||||
Other equity interest | $2,450m 6.375% Perpetual Subordinated Contingent Convertible Securities | |||||||
Disclosure Of Other Equity [Line Items] | |||||||
Dividends on other equity instruments (in dollars per share) | $ / shares | $ 63.750 | ||||||
Dividends on other equity instruments | $ 156,000,000 | 156,000,000 | 156,000,000 | ||||
Other equity interest | $3,000m 6.000% Perpetual Subordinated Contingent Convertible Securities | |||||||
Disclosure Of Other Equity [Line Items] | |||||||
Dividends on other equity instruments (in dollars per share) | $ / shares | $ 60 | ||||||
Dividends on other equity instruments | $ 180,000,000 | 90,000,000 | 0 | ||||
Other equity interest | $2,350m 6.250% Perpetual Subordinated Contingent Convertible Securities | |||||||
Disclosure Of Other Equity [Line Items] | |||||||
Dividends on other equity instruments (in dollars per share) | $ / shares | $ 62.500 | ||||||
Dividends on other equity instruments | $ 73,000,000 | 0 | 0 | ||||
Other equity interest | $1,800m 6.500% Perpetual Subordinated Contingent Convertible Securities | |||||||
Disclosure Of Other Equity [Line Items] | |||||||
Dividends on other equity instruments (in dollars per share) | $ / shares | $ 65 | ||||||
Dividends on other equity instruments | $ 59,000,000 | 0 | 0 | ||||
Other equity interest | EUR 1,500m 5.250% Perpetual Subordinated Contingent Convertible Securities | |||||||
Disclosure Of Other Equity [Line Items] | |||||||
Dividends on other equity instruments (in dollars per share) | € / shares | $ 52.500 | ||||||
Dividends on other equity instruments | 95,000,000 | 89,000,000 | 88,000,000 | ||||
Other equity interest | EUR 1,000m 6.000% Perpetual Subordinated Contingent Convertible Securities | |||||||
Disclosure Of Other Equity [Line Items] | |||||||
Dividends on other equity instruments (in dollars per share) | € / shares | 60 | ||||||
Dividends on other equity instruments | 72,000,000 | 68,000,000 | 67,000,000 | ||||
Other equity interest | EUR 1,250m 4.750% Perpetual Subordinated Contingent Convertible Securities | |||||||
Disclosure Of Other Equity [Line Items] | |||||||
Dividends on other equity instruments (in dollars per share) | € / shares | $ 47.500 | ||||||
Dividends on other equity instruments | 70,000,000 | 0 | 0 | ||||
Other equity interest | SGD 1000m 4.750% Perpetual Subordinated Contingent Convertible Securities | |||||||
Disclosure Of Other Equity [Line Items] | |||||||
Dividends on other equity instruments (in dollars per share) | $ / shares | $ 47 | ||||||
Dividends on other equity instruments | 35,000,000 | $ 17,000,000 | $ 0 | ||||
Capital Securities Classified As Equity | |||||||
Disclosure Of Other Equity [Line Items] | |||||||
Discretionary coupons denominations per security | $ 25 | $ 25 | $ 25 | ||||
Capital Securities Classified As Equity | 8.125% Perpetual Subordinated Capital Securities | |||||||
Disclosure Of Other Equity [Line Items] | |||||||
Other equity instruments interest rate | 8.125% | 8.125% | 8.125% | 8.125% | 8.125% | ||
Capital Securities Classified As Equity | 8.000% Perpetual Subordinated Capital Securities, Series 2 | |||||||
Disclosure Of Other Equity [Line Items] | |||||||
Other equity instruments interest rate | 8.00% | 8.00% | 8.00% | 8.00% | 8.00% | ||
Contingent Convertible Securities | |||||||
Disclosure Of Other Equity [Line Items] | |||||||
Discretionary coupons denominations per security | $ 1,000 | $ 1,000 | $ 1,000 | ||||
Contingent Convertible Securities | $1,500m 5.625% Perpetual Subordinated Contingent Convertible Securities | |||||||
Disclosure Of Other Equity [Line Items] | |||||||
Notional amount | $ 1,500,000,000 | $ 1,500,000,000 | $ 1,500,000,000 | ||||
Other equity instruments interest rate | 5.625% | 5.625% | 5.625% | 5.625% | 5.625% | ||
Contingent Convertible Securities | $2,000m 6.875% Perpetual Subordinated Contingent Convertible Securities | |||||||
Disclosure Of Other Equity [Line Items] | |||||||
Notional amount | $ 2,000,000,000 | $ 2,000,000,000 | $ 2,000,000,000 | ||||
Other equity instruments interest rate | 6.875% | 6.875% | 6.875% | 6.875% | 6.875% | ||
Contingent Convertible Securities | $2,250m 6.375% Perpetual Subordinated Contingent Convertible Securities | |||||||
Disclosure Of Other Equity [Line Items] | |||||||
Notional amount | $ 2,250,000,000 | $ 2,250,000,000 | $ 2,250,000,000 | ||||
Other equity instruments interest rate | 6.375% | 6.375% | 6.375% | 6.375% | 6.375% | ||
Contingent Convertible Securities | $2,450m 6.375% Perpetual Subordinated Contingent Convertible Securities | |||||||
Disclosure Of Other Equity [Line Items] | |||||||
Notional amount | $ 2,450,000,000 | $ 2,450,000,000 | $ 2,450,000,000 | ||||
Other equity instruments interest rate | 6.375% | 6.375% | 6.375% | 6.375% | 6.375% | ||
Contingent Convertible Securities | $3,000m 6.000% Perpetual Subordinated Contingent Convertible Securities | |||||||
Disclosure Of Other Equity [Line Items] | |||||||
Notional amount | $ 3,000,000,000 | $ 3,000,000,000 | $ 3,000,000,000 | ||||
Other equity instruments interest rate | 6.00% | 6.00% | 6.00% | 6.00% | 6.00% | ||
Contingent Convertible Securities | $2,350m 6.250% Perpetual Subordinated Contingent Convertible Securities | |||||||
Disclosure Of Other Equity [Line Items] | |||||||
Notional amount | $ 2,350,000,000 | $ 2,350,000,000 | $ 2,350,000,000 | ||||
Other equity instruments interest rate | 6.25% | 6.25% | 6.25% | 6.25% | 6.25% | ||
Contingent Convertible Securities | $1,800m 6.500% Perpetual Subordinated Contingent Convertible Securities | |||||||
Disclosure Of Other Equity [Line Items] | |||||||
Notional amount | $ 1,800,000,000 | $ 1,800,000,000 | $ 1,800,000,000 | ||||
Other equity instruments interest rate | 6.50% | 6.50% | 6.50% | 6.50% | 6.50% | ||
Contingent Convertible Securities | EUR 1,500m 5.250% Perpetual Subordinated Contingent Convertible Securities | |||||||
Disclosure Of Other Equity [Line Items] | |||||||
Notional amount | € | € 1,500,000,000 | ||||||
Other equity instruments interest rate | 5.25% | 5.25% | 5.25% | 5.25% | 5.25% | ||
Contingent Convertible Securities | EUR 1,000m 6.000% Perpetual Subordinated Contingent Convertible Securities | |||||||
Disclosure Of Other Equity [Line Items] | |||||||
Notional amount | € | € 1,000,000,000 | ||||||
Other equity instruments interest rate | 6.00% | 6.00% | 6.00% | 6.00% | 6.00% | ||
Contingent Convertible Securities | EUR 1,250m 4.750% Perpetual Subordinated Contingent Convertible Securities | |||||||
Disclosure Of Other Equity [Line Items] | |||||||
Notional amount | € | € 1,250,000,000 | ||||||
Other equity instruments interest rate | 4.75% | 4.75% | 4.75% | 4.75% | 4.75% |
Dividends - Total coupons on _2
Dividends - Total coupons on capital securities classified as equity (commentary) (Details) | Jan. 17, 2019USD ($)$ / shares | Jan. 04, 2019USD ($) | Jan. 04, 2019EUR (€) | Dec. 31, 2018USD ($)$ / shares | Dec. 31, 2018EUR (€) |
Disclosure of classes of share capital [line items] | |||||
Dividends declared before financial statements authorised for issue, per share(in dollars per share) | $ / shares | $ 0.21 | ||||
Dividends declared before financial statements authorized for issue | $ 4,205,000,000 | ||||
Dividend payables | 0 | ||||
EUR 1,250m Subordinated Capital Securities | |||||
Disclosure of classes of share capital [line items] | |||||
Dividend payables | 0 | ||||
Notional amount | € | € 1,250,000,000 | ||||
EUR 1,250m Subordinated Capital Securities | Major ordinary share transactions | |||||
Disclosure of classes of share capital [line items] | |||||
Dividends declared before financial statements authorized for issue | $ 34,000,000 | € 30,000,000 | |||
$1,500m 5.625% Perpetual Subordinated Contingent Convertible Securities | |||||
Disclosure of classes of share capital [line items] | |||||
Dividend payables | 0 | ||||
Notional amount | $ 1,500,000,000 | ||||
Other equity instruments interest rate | 5.625% | 5.625% | |||
$1,500m 5.625% Perpetual Subordinated Contingent Convertible Securities | Major ordinary share transactions | |||||
Disclosure of classes of share capital [line items] | |||||
Dividends declared before financial statements authorised for issue, per share(in dollars per share) | $ / shares | $ 28.125 | ||||
Dividends declared before financial statements authorized for issue | $ 42,000,000 | ||||
Ordinary shares | |||||
Disclosure of classes of share capital [line items] | |||||
Dividends declared before financial statements authorised for issue, per share(in dollars per share) | $ / shares | $ 0.21 | ||||
Dividends declared before financial statements authorized for issue | $ 4,205,000,000 |
Earnings per share - Profit Att
Earnings per share - Profit Attributable to Ordianry Shareholders (Details) - USD ($) $ in Millions | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Earnings per share [abstract] | |||
Profit attributable to shareholders of the parent company | $ 13,727 | $ 10,798 | $ 2,479 |
Dividend payable on preference shares classified as equity | (90) | (90) | (90) |
Coupon payable on capital securities classified as equity | (1,029) | (1,025) | (1,090) |
Profit (loss), attributable to ordinary equity holders of parent entity | $ 12,608 | $ 9,683 | $ 1,299 |
Earnings per share - Basic and
Earnings per share - Basic and Diluted Earnings Per Share (Details) - USD ($) $ / shares in Units, $ in Millions | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Earnings per share [abstract] | |||
Profit attributable to ordinary shareholders of the parent company | $ 12,608 | $ 9,683 | $ 1,299 |
Weighted average number of ordinary shares outstanding (in shares) | 19,896,000,000 | 19,972,000,000 | 19,753,000,000 |
Effect of dilutive potential ordinary shares (in shares) | 87,000,000 | 100,000,000 | 92,000,000 |
Adjusted weighted average number of ordinary shares outstanding (in shares) | 19,983,000,000 | 20,072,000,000 | 19,845,000,000 |
Basic earnings per share (in dollars per share) | $ 0.63 | $ 0.48 | $ 0.07 |
Diluted earnings per share (in dollars per share) | $ 0.63 | $ 0.48 | $ 0.07 |
Antidilutive securities (in shares) | 0 | 10,000,000 |
Trading assets - Summary of tr
Trading assets - Summary of trading assets (Details) - USD ($) $ in Millions | Dec. 31, 2018 | Dec. 31, 2017 |
Disclosure of financial assets [line items] | ||
Financial assets | $ 2,471,203 | $ 2,433,785 |
Trading assets | ||
Disclosure of financial assets [line items] | ||
Financial assets | 238,130 | 287,995 |
Trading securities | ||
Disclosure of financial assets [line items] | ||
Financial assets | 177,234 | |
Trading securities | Trading assets | ||
Disclosure of financial assets [line items] | ||
Financial assets | 214,109 | 224,278 |
Treasury and other eligible bills | Trading assets | ||
Disclosure of financial assets [line items] | ||
Financial assets | 22,674 | 17,532 |
Debt securities | ||
Disclosure of financial assets [line items] | ||
Financial assets | 62,666 | 52,919 |
Debt securities | Trading assets | ||
Disclosure of financial assets [line items] | ||
Financial assets | 130,539 | 107,486 |
Equity securities | Trading assets | ||
Disclosure of financial assets [line items] | ||
Financial assets | 60,896 | 99,260 |
Loans and advances to banks | ||
Disclosure of financial assets [line items] | ||
Financial assets | 72,167 | 90,393 |
Loans and advances to banks | Trading assets | ||
Disclosure of financial assets [line items] | ||
Financial assets | 10,425 | 26,057 |
Loans and advances to customers | ||
Disclosure of financial assets [line items] | ||
Financial assets | 981,696 | 962,964 |
Loans and advances to customers | Trading assets | ||
Disclosure of financial assets [line items] | ||
Financial assets | $ 13,596 | $ 37,660 |
Trading assets - Trading securi
Trading assets - Trading securities (Details) - USD ($) $ in Millions | Dec. 31, 2018 | Dec. 31, 2017 |
Disclosure of financial assets [line items] | ||
Financial assets | $ 2,471,203 | $ 2,433,785 |
Trading assets | ||
Disclosure of financial assets [line items] | ||
Financial assets | 238,130 | 287,995 |
Trading securities | ||
Disclosure of financial assets [line items] | ||
Financial assets | 177,234 | |
Trading securities | Trading assets | ||
Disclosure of financial assets [line items] | ||
Financial assets | 214,109 | 224,278 |
US Treasury and US Government agencies | Trading assets | ||
Disclosure of financial assets [line items] | ||
Financial assets | 34,664 | 15,995 |
UK Government | Trading assets | ||
Disclosure of financial assets [line items] | ||
Financial assets | 9,710 | 9,540 |
Hong Kong Government | Trading assets | ||
Disclosure of financial assets [line items] | ||
Financial assets | 10,772 | 10,070 |
Other governments | Trading assets | ||
Disclosure of financial assets [line items] | ||
Financial assets | 66,530 | 58,858 |
Asset-backed securities | Trading assets | ||
Disclosure of financial assets [line items] | ||
Financial assets | 3,351 | 2,986 |
Corporate debt and other securities | Trading assets | ||
Disclosure of financial assets [line items] | ||
Financial assets | 28,186 | 27,569 |
Equity securities | Trading assets | ||
Disclosure of financial assets [line items] | ||
Financial assets | 60,896 | 99,260 |
Debt securities issued by banks and other financial institutions | Trading assets | ||
Disclosure of financial assets [line items] | ||
Financial assets | 18,918 | 18,585 |
Debt securities issued by banks and other financial institutions, guaranteed by governments | Trading assets | ||
Disclosure of financial assets [line items] | ||
Financial assets | $ 2,367 | $ 906 |
Fair values of financial inst_5
Fair values of financial instruments carried at fair value - Financial instruments carried at fair value and bases of valuation (Details) - USD ($) $ in Millions | Dec. 31, 2018 | Jan. 01, 2018 | Dec. 31, 2017 | Dec. 31, 2016 |
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | ||||
Financial assets | $ 2,471,203 | $ 2,433,785 | ||
Financial liabilities | 2,260,288 | 2,220,739 | ||
Trading liabilities | ||||
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | ||||
Financial liabilities | 84,431 | 184,361 | ||
Financial liabilities designated at fair value | ||||
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | ||||
Financial liabilities | 148,505 | 94,429 | ||
Trading assets | ||||
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | ||||
Financial assets | 238,130 | 287,995 | ||
Financial assets designated and otherwise mandatorily measured at fair value through profit or loss | ||||
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | ||||
Financial assets | 2,349 | 29,464 | ||
Financial investments | ||||
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | ||||
Financial assets | 336,157 | |||
Recurring fair value measurement | Level 3 | ||||
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | ||||
Financial assets | 16,674 | 12,388 | ||
Financial liabilities | 7,142 | 6,144 | ||
Recurring fair value measurement | Trading liabilities | ||||
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | ||||
Financial liabilities | 84,431 | 184,361 | ||
Recurring fair value measurement | Trading liabilities | Level 1 | ||||
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | ||||
Financial liabilities | 66,300 | 62,710 | ||
Recurring fair value measurement | Trading liabilities | Level 2 | ||||
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | ||||
Financial liabilities | 18,073 | 117,451 | ||
Recurring fair value measurement | Trading liabilities | Level 3 | ||||
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | ||||
Financial liabilities | 58 | $ 93 | 4,200 | $ 3,582 |
Recurring fair value measurement | Derivatives | ||||
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | ||||
Financial liabilities | 205,835 | 216,821 | ||
Recurring fair value measurement | Derivatives | Level 1 | ||||
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | ||||
Financial liabilities | 2,845 | 1,635 | ||
Recurring fair value measurement | Derivatives | Level 2 | ||||
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | ||||
Financial liabilities | 201,234 | 213,242 | ||
Recurring fair value measurement | Derivatives | Level 3 | ||||
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | ||||
Financial liabilities | 1,756 | 1,949 | 1,944 | 2,300 |
Recurring fair value measurement | Financial liabilities designated at fair value | ||||
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | ||||
Financial liabilities | 148,505 | 94,429 | ||
Recurring fair value measurement | Financial liabilities designated at fair value | Level 1 | ||||
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | ||||
Financial liabilities | 6,815 | 4,164 | ||
Recurring fair value measurement | Financial liabilities designated at fair value | Level 2 | ||||
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | ||||
Financial liabilities | 136,362 | 90,265 | ||
Recurring fair value measurement | Financial liabilities designated at fair value | Level 3 | ||||
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | ||||
Financial liabilities | 5,328 | 4,107 | 0 | 37 |
Recurring fair value measurement | Trading assets | ||||
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | ||||
Financial assets | 238,130 | 287,995 | ||
Recurring fair value measurement | Trading assets | Level 1 | ||||
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | ||||
Financial assets | 178,100 | 181,168 | ||
Recurring fair value measurement | Trading assets | Level 2 | ||||
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | ||||
Financial assets | 53,271 | 101,775 | ||
Recurring fair value measurement | Trading assets | Level 3 | ||||
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | ||||
Financial assets | 6,759 | 5,080 | 5,052 | 6,489 |
Recurring fair value measurement | Financial assets designated and otherwise mandatorily measured at fair value through profit or loss | ||||
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | ||||
Financial assets | 41,111 | 29,464 | ||
Recurring fair value measurement | Financial assets designated and otherwise mandatorily measured at fair value through profit or loss | Level 1 | ||||
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | ||||
Financial assets | 23,125 | 24,622 | ||
Recurring fair value measurement | Financial assets designated and otherwise mandatorily measured at fair value through profit or loss | Level 2 | ||||
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | ||||
Financial assets | 12,494 | 3,382 | ||
Recurring fair value measurement | Financial assets designated and otherwise mandatorily measured at fair value through profit or loss | Level 3 | ||||
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | ||||
Financial assets | 5,492 | 3,958 | 1,460 | 730 |
Recurring fair value measurement | Derivatives | ||||
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | ||||
Financial assets | 207,825 | 219,818 | ||
Recurring fair value measurement | Derivatives | Level 1 | ||||
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | ||||
Financial assets | 1,868 | 1,017 | ||
Recurring fair value measurement | Derivatives | Level 2 | ||||
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | ||||
Financial assets | 203,534 | 216,357 | ||
Recurring fair value measurement | Derivatives | Level 3 | ||||
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | ||||
Financial assets | 2,423 | 2,444 | 2,444 | 2,752 |
Recurring fair value measurement | Financial investments | ||||
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | ||||
Financial assets | 344,767 | 336,067 | ||
Recurring fair value measurement | Financial investments | Level 1 | ||||
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | ||||
Financial assets | 263,885 | 227,943 | ||
Recurring fair value measurement | Financial investments | Level 2 | ||||
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | ||||
Financial assets | 78,882 | 104,692 | ||
Recurring fair value measurement | Financial investments | Level 3 | ||||
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | ||||
Financial assets | $ 2,000 | $ 1,767 | $ 3,432 | $ 3,476 |
Fair values of financial inst_6
Fair values of financial instruments carried at fair value - Transfers between Level 1 and Level 2 fair values (Details) - USD ($) $ in Millions | 12 Months Ended | |
Dec. 31, 2018 | Dec. 31, 2017 | |
Trading liabilities | ||
Liabilities | ||
Transfers from Level 1 to Level 2 | $ 79 | $ 35 |
Transfers from Level 2 to Level 1 | 1,821 | 683 |
Designated at fair value | ||
Liabilities | ||
Transfers from Level 1 to Level 2 | 0 | 0 |
Transfers from Level 2 to Level 1 | 0 | 0 |
Derivatives | ||
Liabilities | ||
Transfers from Level 1 to Level 2 | 0 | 0 |
Transfers from Level 2 to Level 1 | 138 | 0 |
Financial investments | ||
Assets | ||
Transfers from Level 1 to Level 2 | 367 | 2,231 |
Transfers from Level 2 to Level 1 | 17,861 | 11,173 |
Trading assets | ||
Assets | ||
Transfers from Level 1 to Level 2 | 435 | 1,507 |
Transfers from Level 2 to Level 1 | 4,959 | 1,384 |
Designated and otherwise mandatorily measured at fair value | ||
Assets | ||
Transfers from Level 1 to Level 2 | 2 | 0 |
Transfers from Level 2 to Level 1 | 85 | 0 |
Derivatives | ||
Assets | ||
Transfers from Level 1 to Level 2 | 1 | 0 |
Transfers from Level 2 to Level 1 | $ 128 | $ 0 |
Fair values of financial inst_7
Fair values of financial instruments carried at fair value - Global Banking and Markets fair value adjustments (Details) - USD ($) $ in Millions | 12 Months Ended | |
Dec. 31, 2018 | Dec. 31, 2017 | |
Global Banking and Markets | ||
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | ||
Fair value adjustments | $ 1,206 | $ 1,276 |
Corporate Centre | ||
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | ||
Fair value adjustments | 141 | 92 |
Risk-related | Global Banking and Markets | ||
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | ||
Fair value adjustments | 1,042 | 1,078 |
Risk-related | Corporate Centre | ||
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | ||
Fair value adjustments | 138 | 79 |
– bid-offer | Global Banking and Markets | ||
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | ||
Fair value adjustments | 430 | 413 |
– bid-offer | Corporate Centre | ||
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | ||
Fair value adjustments | 76 | 5 |
– uncertainty | Global Banking and Markets | ||
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | ||
Fair value adjustments | 99 | 91 |
– uncertainty | Corporate Centre | ||
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | ||
Fair value adjustments | 6 | 8 |
– credit valuation adjustment (‘CVA’) | Global Banking and Markets | ||
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | ||
Fair value adjustments | 442 | 420 |
– credit valuation adjustment (‘CVA’) | Corporate Centre | ||
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | ||
Fair value adjustments | 52 | 59 |
– debit valuation adjustment (‘DVA’) | Global Banking and Markets | ||
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | ||
Fair value adjustments | (198) | (82) |
– debit valuation adjustment (‘DVA’) | Corporate Centre | ||
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | ||
Fair value adjustments | 0 | 0 |
– funding fair value adjustment (‘FFVA’) | Global Banking and Markets | ||
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | ||
Fair value adjustments | 256 | 233 |
– funding fair value adjustment (‘FFVA’) | Corporate Centre | ||
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | ||
Fair value adjustments | 4 | 7 |
– other | Global Banking and Markets | ||
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | ||
Fair value adjustments | 13 | 3 |
– other | Corporate Centre | ||
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | ||
Fair value adjustments | 0 | 0 |
Model-related | Global Banking and Markets | ||
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | ||
Fair value adjustments | 79 | 92 |
Model-related | Corporate Centre | ||
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | ||
Fair value adjustments | 3 | 13 |
– model limitation | Global Banking and Markets | ||
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | ||
Fair value adjustments | 79 | 92 |
– model limitation | Corporate Centre | ||
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | ||
Fair value adjustments | 3 | 6 |
– other | Global Banking and Markets | ||
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | ||
Fair value adjustments | 0 | 0 |
– other | Corporate Centre | ||
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | ||
Fair value adjustments | 0 | 7 |
Inception profit (Day 1 P&L reserves) | Global Banking and Markets | ||
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | ||
Fair value adjustments | 85 | 106 |
Inception profit (Day 1 P&L reserves) | Corporate Centre | ||
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | ||
Fair value adjustments | $ 0 | $ 0 |
Fair values of financial inst_8
Fair values of financial instruments carried at fair value - Financial instruments measured at fair value using a valuation technique with significant unobservable inputs - Level 3 (Details) - USD ($) $ in Millions | Dec. 31, 2018 | Jan. 01, 2018 | Dec. 31, 2017 | Dec. 31, 2016 |
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | ||||
Financial assets | $ 2,471,203 | $ 2,433,785 | ||
Financial liabilities | 2,260,288 | 2,220,739 | ||
Recurring fair value measurement | Level 3 | ||||
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | ||||
Financial assets | 16,674 | 12,388 | ||
Financial liabilities | 7,142 | 6,144 | ||
Private equity including strategic investments | Recurring fair value measurement | Level 3 | ||||
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | ||||
Financial liabilities | 12 | 20 | ||
Asset-backed securities | Recurring fair value measurement | Level 3 | ||||
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | ||||
Financial liabilities | 0 | 0 | ||
Loans held for securitisation | Recurring fair value measurement | Level 3 | ||||
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | ||||
Financial liabilities | 0 | 0 | ||
Structured notes | Recurring fair value measurement | Level 3 | ||||
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | ||||
Financial liabilities | 5,374 | 4,180 | ||
Derivatives with monolines | Recurring fair value measurement | Level 3 | ||||
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | ||||
Financial liabilities | 0 | 0 | ||
Other derivatives | Recurring fair value measurement | Level 3 | ||||
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | ||||
Financial liabilities | 1,755 | 1,944 | ||
Other portfolios | Recurring fair value measurement | Level 3 | ||||
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | ||||
Financial liabilities | 1 | 0 | ||
Trading liabilities | ||||
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | ||||
Financial liabilities | 84,431 | 184,361 | ||
Trading liabilities | Recurring fair value measurement | ||||
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | ||||
Financial liabilities | 84,431 | 184,361 | ||
Trading liabilities | Recurring fair value measurement | Level 3 | ||||
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | ||||
Financial liabilities | 58 | $ 93 | 4,200 | $ 3,582 |
Trading liabilities | Private equity including strategic investments | Recurring fair value measurement | Level 3 | ||||
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | ||||
Financial liabilities | 12 | 20 | ||
Trading liabilities | Asset-backed securities | Recurring fair value measurement | Level 3 | ||||
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | ||||
Financial liabilities | 0 | 0 | ||
Trading liabilities | Loans held for securitisation | Recurring fair value measurement | Level 3 | ||||
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | ||||
Financial liabilities | 0 | 0 | ||
Trading liabilities | Structured notes | Recurring fair value measurement | Level 3 | ||||
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | ||||
Financial liabilities | 46 | 4,180 | ||
Trading liabilities | Derivatives with monolines | Recurring fair value measurement | Level 3 | ||||
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | ||||
Financial liabilities | 0 | 0 | ||
Trading liabilities | Other derivatives | Recurring fair value measurement | Level 3 | ||||
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | ||||
Financial liabilities | 0 | 0 | ||
Trading liabilities | Other portfolios | Recurring fair value measurement | Level 3 | ||||
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | ||||
Financial liabilities | 0 | 0 | ||
Financial liabilities designated at fair value | ||||
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | ||||
Financial liabilities | 148,505 | 94,429 | ||
Financial liabilities designated at fair value | Recurring fair value measurement | ||||
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | ||||
Financial liabilities | 148,505 | 94,429 | ||
Financial liabilities designated at fair value | Recurring fair value measurement | Level 3 | ||||
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | ||||
Financial liabilities | 5,328 | 4,107 | 0 | 37 |
Financial liabilities designated at fair value | Private equity including strategic investments | Recurring fair value measurement | Level 3 | ||||
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | ||||
Financial liabilities | 0 | 0 | ||
Financial liabilities designated at fair value | Asset-backed securities | Recurring fair value measurement | Level 3 | ||||
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | ||||
Financial liabilities | 0 | 0 | ||
Financial liabilities designated at fair value | Loans held for securitisation | Recurring fair value measurement | Level 3 | ||||
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | ||||
Financial liabilities | 0 | 0 | ||
Financial liabilities designated at fair value | Structured notes | Recurring fair value measurement | Level 3 | ||||
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | ||||
Financial liabilities | 5,328 | 0 | ||
Financial liabilities designated at fair value | Derivatives with monolines | Recurring fair value measurement | Level 3 | ||||
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | ||||
Financial liabilities | 0 | 0 | ||
Financial liabilities designated at fair value | Other derivatives | Recurring fair value measurement | Level 3 | ||||
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | ||||
Financial liabilities | 0 | 0 | ||
Financial liabilities designated at fair value | Other portfolios | Recurring fair value measurement | Level 3 | ||||
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | ||||
Financial liabilities | 0 | 0 | ||
Derivatives | Recurring fair value measurement | ||||
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | ||||
Financial liabilities | 205,835 | 216,821 | ||
Derivatives | Recurring fair value measurement | Level 3 | ||||
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | ||||
Financial liabilities | 1,756 | 1,949 | 1,944 | 2,300 |
Derivatives | Private equity including strategic investments | Recurring fair value measurement | Level 3 | ||||
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | ||||
Financial liabilities | 0 | 0 | ||
Derivatives | Asset-backed securities | Recurring fair value measurement | Level 3 | ||||
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | ||||
Financial liabilities | 0 | 0 | ||
Derivatives | Loans held for securitisation | Recurring fair value measurement | Level 3 | ||||
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | ||||
Financial liabilities | 0 | 0 | ||
Derivatives | Structured notes | Recurring fair value measurement | Level 3 | ||||
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | ||||
Financial liabilities | 0 | 0 | ||
Derivatives | Derivatives with monolines | Recurring fair value measurement | Level 3 | ||||
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | ||||
Financial liabilities | 0 | 0 | ||
Derivatives | Other derivatives | Recurring fair value measurement | Level 3 | ||||
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | ||||
Financial liabilities | 1,755 | 1,944 | ||
Derivatives | Other portfolios | Recurring fair value measurement | Level 3 | ||||
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | ||||
Financial liabilities | 1 | 0 | ||
Private equity including strategic investments | Recurring fair value measurement | Level 3 | ||||
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | ||||
Financial assets | 5,553 | 3,508 | ||
Asset-backed securities | Recurring fair value measurement | Level 3 | ||||
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | ||||
Financial assets | 2,202 | 2,577 | ||
Loans held for securitisation | Recurring fair value measurement | Level 3 | ||||
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | ||||
Financial assets | 49 | 24 | ||
Structured notes | Recurring fair value measurement | Level 3 | ||||
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | ||||
Financial assets | 3 | 3 | ||
Derivatives with monolines | Recurring fair value measurement | Level 3 | ||||
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | ||||
Financial assets | 65 | 113 | ||
Other derivatives | Recurring fair value measurement | Level 3 | ||||
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | ||||
Financial assets | 2,358 | 2,331 | ||
Other portfolios | Recurring fair value measurement | Level 3 | ||||
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | ||||
Financial assets | 6,444 | 3,832 | ||
Financial investments | ||||
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | ||||
Financial assets | 336,157 | |||
Financial investments | Recurring fair value measurement | ||||
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | ||||
Financial assets | 344,767 | 336,067 | ||
Financial investments | Recurring fair value measurement | Level 3 | ||||
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | ||||
Financial assets | 2,000 | 1,767 | 3,432 | 3,476 |
Financial investments | Private equity including strategic investments | Recurring fair value measurement | Level 3 | ||||
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | ||||
Financial assets | 427 | 2,012 | ||
Financial investments | Asset-backed securities | Recurring fair value measurement | Level 3 | ||||
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | ||||
Financial assets | 1,030 | 1,300 | ||
Financial investments | Loans held for securitisation | Recurring fair value measurement | Level 3 | ||||
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | ||||
Financial assets | 0 | 0 | ||
Financial investments | Structured notes | Recurring fair value measurement | Level 3 | ||||
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | ||||
Financial assets | 0 | 0 | ||
Financial investments | Derivatives with monolines | Recurring fair value measurement | Level 3 | ||||
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | ||||
Financial assets | 0 | 0 | ||
Financial investments | Other derivatives | Recurring fair value measurement | Level 3 | ||||
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | ||||
Financial assets | 0 | 0 | ||
Financial investments | Other portfolios | Recurring fair value measurement | Level 3 | ||||
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | ||||
Financial assets | 543 | 120 | ||
Trading assets | ||||
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | ||||
Financial assets | 238,130 | 287,995 | ||
Trading assets | Recurring fair value measurement | ||||
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | ||||
Financial assets | 238,130 | 287,995 | ||
Trading assets | Recurring fair value measurement | Level 3 | ||||
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | ||||
Financial assets | 6,759 | 5,080 | 5,052 | 6,489 |
Trading assets | Private equity including strategic investments | Recurring fair value measurement | Level 3 | ||||
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | ||||
Financial assets | 20 | 38 | ||
Trading assets | Asset-backed securities | ||||
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | ||||
Financial assets | 3,351 | 2,986 | ||
Trading assets | Asset-backed securities | Recurring fair value measurement | Level 3 | ||||
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | ||||
Financial assets | 1,140 | 1,277 | ||
Trading assets | Loans held for securitisation | Recurring fair value measurement | Level 3 | ||||
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | ||||
Financial assets | 0 | 24 | ||
Trading assets | Structured notes | Recurring fair value measurement | Level 3 | ||||
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | ||||
Financial assets | 3 | 3 | ||
Trading assets | Derivatives with monolines | Recurring fair value measurement | Level 3 | ||||
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | ||||
Financial assets | 0 | 0 | ||
Trading assets | Other derivatives | Recurring fair value measurement | Level 3 | ||||
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | ||||
Financial assets | 0 | 0 | ||
Trading assets | Other portfolios | Recurring fair value measurement | Level 3 | ||||
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | ||||
Financial assets | 5,596 | 3,710 | ||
Financial assets designated and otherwise mandatorily measured at fair value through profit or loss | ||||
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | ||||
Financial assets | 2,349 | 29,464 | ||
Financial assets designated and otherwise mandatorily measured at fair value through profit or loss | Recurring fair value measurement | ||||
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | ||||
Financial assets | 41,111 | 29,464 | ||
Financial assets designated and otherwise mandatorily measured at fair value through profit or loss | Recurring fair value measurement | Level 3 | ||||
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | ||||
Financial assets | 5,492 | 3,958 | 1,460 | 730 |
Financial assets designated and otherwise mandatorily measured at fair value through profit or loss | Private equity including strategic investments | Recurring fair value measurement | Level 3 | ||||
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | ||||
Financial assets | 5,106 | 1,458 | ||
Financial assets designated and otherwise mandatorily measured at fair value through profit or loss | Asset-backed securities | ||||
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | ||||
Financial assets | 0 | 2 | ||
Financial assets designated and otherwise mandatorily measured at fair value through profit or loss | Asset-backed securities | Recurring fair value measurement | Level 3 | ||||
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | ||||
Financial assets | 32 | 0 | ||
Financial assets designated and otherwise mandatorily measured at fair value through profit or loss | Loans held for securitisation | Recurring fair value measurement | Level 3 | ||||
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | ||||
Financial assets | 49 | 0 | ||
Financial assets designated and otherwise mandatorily measured at fair value through profit or loss | Structured notes | Recurring fair value measurement | Level 3 | ||||
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | ||||
Financial assets | 0 | 0 | ||
Financial assets designated and otherwise mandatorily measured at fair value through profit or loss | Derivatives with monolines | Recurring fair value measurement | Level 3 | ||||
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | ||||
Financial assets | 0 | 0 | ||
Financial assets designated and otherwise mandatorily measured at fair value through profit or loss | Other derivatives | Recurring fair value measurement | Level 3 | ||||
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | ||||
Financial assets | 0 | 0 | ||
Financial assets designated and otherwise mandatorily measured at fair value through profit or loss | Other portfolios | Recurring fair value measurement | Level 3 | ||||
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | ||||
Financial assets | 305 | 2 | ||
Derivatives | Recurring fair value measurement | ||||
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | ||||
Financial assets | 207,825 | 219,818 | ||
Derivatives | Recurring fair value measurement | Level 3 | ||||
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | ||||
Financial assets | 2,423 | $ 2,444 | 2,444 | $ 2,752 |
Derivatives | Private equity including strategic investments | Recurring fair value measurement | Level 3 | ||||
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | ||||
Financial assets | 0 | 0 | ||
Derivatives | Asset-backed securities | Recurring fair value measurement | Level 3 | ||||
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | ||||
Financial assets | 0 | 0 | ||
Derivatives | Loans held for securitisation | Recurring fair value measurement | Level 3 | ||||
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | ||||
Financial assets | 0 | 0 | ||
Derivatives | Structured notes | Recurring fair value measurement | Level 3 | ||||
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | ||||
Financial assets | 0 | 0 | ||
Derivatives | Derivatives with monolines | Recurring fair value measurement | Level 3 | ||||
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | ||||
Financial assets | 65 | 113 | ||
Derivatives | Other derivatives | Recurring fair value measurement | Level 3 | ||||
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | ||||
Financial assets | 2,358 | 2,331 | ||
Derivatives | Other portfolios | Recurring fair value measurement | Level 3 | ||||
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | ||||
Financial assets | $ 0 | $ 0 |
Fair values of financial inst_9
Fair values of financial instruments carried at fair value - Movement in Level 3 financial instruments (Details) - USD ($) $ in Millions | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Reconciliation of changes in fair value measurement, assets [abstract] | |||
Financial assets, beginning balance | $ 2,433,785 | ||
– financial investments: fair value gains/(losses) | $ 1,227 | $ 475 | |
– cash flow hedges: fair value gains/(losses) | (267) | (1,046) | (297) |
– fair value gain transferred to the income statement on disposal | (95) | ||
– exchange differences | (7,156) | 8,939 | (9,791) |
Financial assets, ending balance | 2,471,203 | 2,433,785 | |
Reconciliation of changes in fair value measurement, liabilities [abstract] | |||
Financial liabilities | 2,220,739 | ||
– available-for-sale investments: fair value gains/(losses) | 1,227 | 475 | |
– cash flow hedges: fair value gains/(losses) | (267) | (1,046) | (297) |
– fair value gains transferred to the income statement on disposal | (95) | ||
– other exchange differences | (7,156) | 8,939 | (9,791) |
Financial liabilities | 2,260,288 | 2,220,739 | |
Level 3 | Recurring fair value measurement | |||
Reconciliation of changes in fair value measurement, assets [abstract] | |||
Financial assets, beginning balance | 12,388 | ||
Financial assets, ending balance | 16,674 | 12,388 | |
Reconciliation of changes in fair value measurement, liabilities [abstract] | |||
Financial liabilities | 6,144 | ||
Financial liabilities | 7,142 | 6,144 | |
Trading liabilities | |||
Reconciliation of changes in fair value measurement, liabilities [abstract] | |||
Financial liabilities | 184,361 | ||
Financial liabilities | 84,431 | 184,361 | |
Trading liabilities | Recurring fair value measurement | |||
Reconciliation of changes in fair value measurement, liabilities [abstract] | |||
Financial liabilities | 184,361 | ||
Financial liabilities | 84,431 | 184,361 | |
Trading liabilities | Level 3 | Recurring fair value measurement | |||
Reconciliation of changes in fair value measurement, assets [abstract] | |||
– financial investments: fair value gains/(losses) | 0 | 0 | |
– cash flow hedges: fair value gains/(losses) | 0 | 0 | |
– fair value gain transferred to the income statement on disposal | 0 | ||
– exchange differences | (3) | 169 | |
Reconciliation of changes in fair value measurement, liabilities [abstract] | |||
Financial liabilities | 4,200 | 3,582 | |
Total gains/(losses) recognised in profit or loss | (4) | 154 | |
Total gains/(losses) recognised in other comprehensive income (‘OCI’) | (3) | 169 | |
– available-for-sale investments: fair value gains/(losses) | 0 | 0 | |
– cash flow hedges: fair value gains/(losses) | 0 | 0 | |
– fair value gains transferred to the income statement on disposal | 0 | ||
– other exchange differences | (3) | 169 | |
Purchases | 3 | 5 | |
New issuances | 6 | 1,915 | |
Sales | (11) | (12) | |
Settlements | (2) | (998) | |
Transfers out | (24) | (678) | |
Transfers in | 0 | 63 | |
Financial liabilities | 58 | 4,200 | 3,582 |
Unrealised gains/(losses) recognised in profit or loss relating to liabilities held | (5) | (117) | |
Financial liabilities designated at fair value | |||
Reconciliation of changes in fair value measurement, liabilities [abstract] | |||
Financial liabilities | 94,429 | ||
Financial liabilities | 148,505 | 94,429 | |
Financial liabilities designated at fair value | Recurring fair value measurement | |||
Reconciliation of changes in fair value measurement, liabilities [abstract] | |||
Financial liabilities | 94,429 | ||
Financial liabilities | 148,505 | 94,429 | |
Financial liabilities designated at fair value | Level 3 | Recurring fair value measurement | |||
Reconciliation of changes in fair value measurement, assets [abstract] | |||
– financial investments: fair value gains/(losses) | 0 | 0 | |
– cash flow hedges: fair value gains/(losses) | 0 | 0 | |
– fair value gain transferred to the income statement on disposal | 0 | ||
– exchange differences | (144) | 1 | |
Reconciliation of changes in fair value measurement, liabilities [abstract] | |||
Financial liabilities | 0 | 37 | |
Total gains/(losses) recognised in profit or loss | (637) | (5) | |
Total gains/(losses) recognised in other comprehensive income (‘OCI’) | (144) | 1 | |
– available-for-sale investments: fair value gains/(losses) | 0 | 0 | |
– cash flow hedges: fair value gains/(losses) | 0 | 0 | |
– fair value gains transferred to the income statement on disposal | 0 | ||
– other exchange differences | (144) | 1 | |
Purchases | 76 | 0 | |
New issuances | 2,442 | 0 | |
Sales | 0 | 0 | |
Settlements | 32 | 0 | |
Transfers out | (1,112) | (33) | |
Transfers in | 628 | 0 | |
Financial liabilities | 5,328 | 0 | 37 |
Unrealised gains/(losses) recognised in profit or loss relating to liabilities held | 274 | 0 | |
Derivatives | Recurring fair value measurement | |||
Reconciliation of changes in fair value measurement, liabilities [abstract] | |||
Financial liabilities | 216,821 | ||
Financial liabilities | 205,835 | 216,821 | |
Derivatives | Level 3 | Recurring fair value measurement | |||
Reconciliation of changes in fair value measurement, assets [abstract] | |||
– financial investments: fair value gains/(losses) | 0 | 0 | |
– cash flow hedges: fair value gains/(losses) | 2 | (35) | |
– fair value gain transferred to the income statement on disposal | 0 | ||
– exchange differences | (84) | 155 | |
Reconciliation of changes in fair value measurement, liabilities [abstract] | |||
Financial liabilities | 1,944 | 2,300 | |
Total gains/(losses) recognised in profit or loss | 255 | 400 | |
Total gains/(losses) recognised in other comprehensive income (‘OCI’) | (82) | 120 | |
– available-for-sale investments: fair value gains/(losses) | 0 | 0 | |
– cash flow hedges: fair value gains/(losses) | 2 | (35) | |
– fair value gains transferred to the income statement on disposal | 0 | ||
– other exchange differences | (84) | 155 | |
Purchases | 0 | 23 | |
New issuances | 0 | 0 | |
Sales | 0 | (12) | |
Settlements | (18) | (123) | |
Transfers out | (464) | (1,030) | |
Transfers in | 116 | 266 | |
Financial liabilities | 1,756 | 1,944 | 2,300 |
Unrealised gains/(losses) recognised in profit or loss relating to liabilities held | (351) | (397) | |
Financial investments | |||
Reconciliation of changes in fair value measurement, assets [abstract] | |||
Financial assets, beginning balance | 336,157 | ||
Financial assets, ending balance | 336,157 | ||
Financial investments | Recurring fair value measurement | |||
Reconciliation of changes in fair value measurement, assets [abstract] | |||
Financial assets, beginning balance | 336,067 | ||
Financial assets, ending balance | 344,767 | 336,067 | |
Financial investments | Level 3 | Recurring fair value measurement | |||
Reconciliation of changes in fair value measurement, assets [abstract] | |||
Financial assets, beginning balance | 3,432 | 3,476 | |
Total gains/(losses) recognised in profit or loss | 251 | 351 | |
Total gains/(losses) recognised in other comprehensive income (‘OCI’) | 17 | 71 | |
– financial investments: fair value gains/(losses) | 15 | (30) | |
– cash flow hedges: fair value gains/(losses) | 0 | 0 | |
– fair value gain transferred to the income statement on disposal | 0 | ||
– exchange differences | 2 | 101 | |
Purchases | 275 | 200 | |
New issuances | 0 | 0 | |
Sales | (51) | (939) | |
Settlements | (141) | (69) | |
Transfers out | (685) | (565) | |
Transfers in | 567 | 907 | |
Financial assets, ending balance | 2,000 | 3,432 | 3,476 |
Unrealised gains/(losses) recognised in profit or loss relating to assets held | 0 | 16 | |
Reconciliation of changes in fair value measurement, liabilities [abstract] | |||
– available-for-sale investments: fair value gains/(losses) | 15 | (30) | |
– cash flow hedges: fair value gains/(losses) | 0 | 0 | |
– fair value gains transferred to the income statement on disposal | 0 | ||
– other exchange differences | 2 | 101 | |
Trading assets | |||
Reconciliation of changes in fair value measurement, assets [abstract] | |||
Financial assets, beginning balance | 287,995 | ||
Financial assets, ending balance | 238,130 | 287,995 | |
Trading assets | Recurring fair value measurement | |||
Reconciliation of changes in fair value measurement, assets [abstract] | |||
Financial assets, beginning balance | 287,995 | ||
Financial assets, ending balance | 238,130 | 287,995 | |
Trading assets | Level 3 | Recurring fair value measurement | |||
Reconciliation of changes in fair value measurement, assets [abstract] | |||
Financial assets, beginning balance | 5,052 | 6,489 | |
Total gains/(losses) recognised in profit or loss | 284 | (188) | |
Total gains/(losses) recognised in other comprehensive income (‘OCI’) | (274) | 106 | |
– financial investments: fair value gains/(losses) | 0 | 0 | |
– cash flow hedges: fair value gains/(losses) | 0 | (1) | |
– fair value gain transferred to the income statement on disposal | 0 | ||
– exchange differences | (274) | 107 | |
Purchases | 4,377 | 1,503 | |
New issuances | 975 | 0 | |
Sales | (1,589) | (3,221) | |
Settlements | (2,021) | (331) | |
Transfers out | (1,402) | (149) | |
Transfers in | 1,329 | 843 | |
Financial assets, ending balance | 6,759 | 5,052 | 6,489 |
Unrealised gains/(losses) recognised in profit or loss relating to assets held | (5) | (110) | |
Reconciliation of changes in fair value measurement, liabilities [abstract] | |||
– available-for-sale investments: fair value gains/(losses) | 0 | 0 | |
– cash flow hedges: fair value gains/(losses) | 0 | (1) | |
– fair value gains transferred to the income statement on disposal | 0 | ||
– other exchange differences | (274) | 107 | |
Financial assets designated and otherwise mandatorily measured at fair value through profit or loss | |||
Reconciliation of changes in fair value measurement, assets [abstract] | |||
Financial assets, beginning balance | 29,464 | ||
Financial assets, ending balance | 2,349 | 29,464 | |
Financial assets designated and otherwise mandatorily measured at fair value through profit or loss | Recurring fair value measurement | |||
Reconciliation of changes in fair value measurement, assets [abstract] | |||
Financial assets, beginning balance | 29,464 | ||
Financial assets, ending balance | 41,111 | 29,464 | |
Financial assets designated and otherwise mandatorily measured at fair value through profit or loss | Level 3 | Recurring fair value measurement | |||
Reconciliation of changes in fair value measurement, assets [abstract] | |||
Financial assets, beginning balance | 1,460 | 730 | |
Total gains/(losses) recognised in profit or loss | 608 | (107) | |
Total gains/(losses) recognised in other comprehensive income (‘OCI’) | (107) | 7 | |
– financial investments: fair value gains/(losses) | 0 | 0 | |
– cash flow hedges: fair value gains/(losses) | 6 | 3 | |
– fair value gain transferred to the income statement on disposal | 0 | ||
– exchange differences | (113) | 4 | |
Purchases | 2,172 | 1,127 | |
New issuances | 0 | 0 | |
Sales | (395) | (130) | |
Settlements | (541) | (166) | |
Transfers out | (285) | (3) | |
Transfers in | 82 | 2 | |
Financial assets, ending balance | 5,492 | 1,460 | 730 |
Unrealised gains/(losses) recognised in profit or loss relating to assets held | 199 | (146) | |
Reconciliation of changes in fair value measurement, liabilities [abstract] | |||
– available-for-sale investments: fair value gains/(losses) | 0 | 0 | |
– cash flow hedges: fair value gains/(losses) | 6 | 3 | |
– fair value gains transferred to the income statement on disposal | 0 | ||
– other exchange differences | (113) | 4 | |
Derivatives | Recurring fair value measurement | |||
Reconciliation of changes in fair value measurement, assets [abstract] | |||
Financial assets, beginning balance | 219,818 | ||
Financial assets, ending balance | 207,825 | 219,818 | |
Derivatives | Level 3 | Recurring fair value measurement | |||
Reconciliation of changes in fair value measurement, assets [abstract] | |||
Financial assets, beginning balance | 2,444 | 2,752 | |
Total gains/(losses) recognised in profit or loss | 597 | 152 | |
Total gains/(losses) recognised in other comprehensive income (‘OCI’) | (113) | 188 | |
– financial investments: fair value gains/(losses) | 0 | 0 | |
– cash flow hedges: fair value gains/(losses) | 6 | (23) | |
– fair value gain transferred to the income statement on disposal | 0 | ||
– exchange differences | (119) | 211 | |
Purchases | 0 | 2 | |
New issuances | 0 | 1 | |
Sales | 0 | (8) | |
Settlements | (191) | (60) | |
Transfers out | (337) | (885) | |
Transfers in | 23 | 302 | |
Financial assets, ending balance | 2,423 | 2,444 | $ 2,752 |
Unrealised gains/(losses) recognised in profit or loss relating to assets held | 342 | 218 | |
Reconciliation of changes in fair value measurement, liabilities [abstract] | |||
– available-for-sale investments: fair value gains/(losses) | 0 | 0 | |
– cash flow hedges: fair value gains/(losses) | 6 | (23) | |
– fair value gains transferred to the income statement on disposal | 0 | ||
– other exchange differences | (119) | 211 | |
Net income from financial instruments held for trading or managed on a fair value basis | Trading liabilities | Level 3 | Recurring fair value measurement | |||
Reconciliation of changes in fair value measurement, liabilities [abstract] | |||
Total gains/(losses) recognised in profit or loss | (4) | ||
Unrealised gains/(losses) recognised in profit or loss relating to liabilities held | (5) | ||
Net income from financial instruments held for trading or managed on a fair value basis | Financial liabilities designated at fair value | Level 3 | Recurring fair value measurement | |||
Reconciliation of changes in fair value measurement, liabilities [abstract] | |||
Total gains/(losses) recognised in profit or loss | 0 | ||
Unrealised gains/(losses) recognised in profit or loss relating to liabilities held | 0 | ||
Net income from financial instruments held for trading or managed on a fair value basis | Derivatives | Level 3 | Recurring fair value measurement | |||
Reconciliation of changes in fair value measurement, liabilities [abstract] | |||
Total gains/(losses) recognised in profit or loss | 255 | ||
Unrealised gains/(losses) recognised in profit or loss relating to liabilities held | (351) | ||
Net income from financial instruments held for trading or managed on a fair value basis | Financial investments | Level 3 | Recurring fair value measurement | |||
Reconciliation of changes in fair value measurement, assets [abstract] | |||
Total gains/(losses) recognised in profit or loss | 0 | ||
Unrealised gains/(losses) recognised in profit or loss relating to assets held | 0 | ||
Net income from financial instruments held for trading or managed on a fair value basis | Trading assets | Level 3 | Recurring fair value measurement | |||
Reconciliation of changes in fair value measurement, assets [abstract] | |||
Total gains/(losses) recognised in profit or loss | 284 | ||
Unrealised gains/(losses) recognised in profit or loss relating to assets held | (5) | ||
Net income from financial instruments held for trading or managed on a fair value basis | Financial assets designated and otherwise mandatorily measured at fair value through profit or loss | Level 3 | Recurring fair value measurement | |||
Reconciliation of changes in fair value measurement, assets [abstract] | |||
Total gains/(losses) recognised in profit or loss | 0 | ||
Unrealised gains/(losses) recognised in profit or loss relating to assets held | 0 | ||
Net income from financial instruments held for trading or managed on a fair value basis | Derivatives | Level 3 | Recurring fair value measurement | |||
Reconciliation of changes in fair value measurement, assets [abstract] | |||
Total gains/(losses) recognised in profit or loss | 597 | ||
Unrealised gains/(losses) recognised in profit or loss relating to assets held | 342 | ||
Net income from assets and liabilities of insurance businesses, including related derivatives, measured at fair value through profit or loss | Trading liabilities | Level 3 | Recurring fair value measurement | |||
Reconciliation of changes in fair value measurement, liabilities [abstract] | |||
Total gains/(losses) recognised in profit or loss | 0 | ||
Net income from assets and liabilities of insurance businesses, including related derivatives, measured at fair value through profit or loss | Financial liabilities designated at fair value | Level 3 | Recurring fair value measurement | |||
Reconciliation of changes in fair value measurement, liabilities [abstract] | |||
Total gains/(losses) recognised in profit or loss | 0 | ||
Net income from assets and liabilities of insurance businesses, including related derivatives, measured at fair value through profit or loss | Derivatives | Level 3 | Recurring fair value measurement | |||
Reconciliation of changes in fair value measurement, liabilities [abstract] | |||
Total gains/(losses) recognised in profit or loss | 0 | ||
Net income from assets and liabilities of insurance businesses, including related derivatives, measured at fair value through profit or loss | Financial investments | Level 3 | Recurring fair value measurement | |||
Reconciliation of changes in fair value measurement, assets [abstract] | |||
Total gains/(losses) recognised in profit or loss | 0 | ||
Net income from assets and liabilities of insurance businesses, including related derivatives, measured at fair value through profit or loss | Trading assets | Level 3 | Recurring fair value measurement | |||
Reconciliation of changes in fair value measurement, assets [abstract] | |||
Total gains/(losses) recognised in profit or loss | 0 | ||
Net income from assets and liabilities of insurance businesses, including related derivatives, measured at fair value through profit or loss | Financial assets designated and otherwise mandatorily measured at fair value through profit or loss | Level 3 | Recurring fair value measurement | |||
Reconciliation of changes in fair value measurement, assets [abstract] | |||
Total gains/(losses) recognised in profit or loss | 0 | ||
Net income from assets and liabilities of insurance businesses, including related derivatives, measured at fair value through profit or loss | Derivatives | Level 3 | Recurring fair value measurement | |||
Reconciliation of changes in fair value measurement, assets [abstract] | |||
Total gains/(losses) recognised in profit or loss | 0 | ||
Changes in fair value of other financial instruments mandatorily measured at fair value through profit or loss | Trading liabilities | Level 3 | Recurring fair value measurement | |||
Reconciliation of changes in fair value measurement, liabilities [abstract] | |||
Total gains/(losses) recognised in profit or loss | 0 | ||
Unrealised gains/(losses) recognised in profit or loss relating to liabilities held | 0 | ||
Changes in fair value of other financial instruments mandatorily measured at fair value through profit or loss | Financial liabilities designated at fair value | Level 3 | Recurring fair value measurement | |||
Reconciliation of changes in fair value measurement, liabilities [abstract] | |||
Total gains/(losses) recognised in profit or loss | (637) | ||
Unrealised gains/(losses) recognised in profit or loss relating to liabilities held | 274 | ||
Changes in fair value of other financial instruments mandatorily measured at fair value through profit or loss | Derivatives | Level 3 | Recurring fair value measurement | |||
Reconciliation of changes in fair value measurement, liabilities [abstract] | |||
Total gains/(losses) recognised in profit or loss | 0 | ||
Unrealised gains/(losses) recognised in profit or loss relating to liabilities held | 0 | ||
Changes in fair value of other financial instruments mandatorily measured at fair value through profit or loss | Financial investments | Level 3 | Recurring fair value measurement | |||
Reconciliation of changes in fair value measurement, assets [abstract] | |||
Total gains/(losses) recognised in profit or loss | 0 | ||
Unrealised gains/(losses) recognised in profit or loss relating to assets held | 0 | ||
Changes in fair value of other financial instruments mandatorily measured at fair value through profit or loss | Trading assets | Level 3 | Recurring fair value measurement | |||
Reconciliation of changes in fair value measurement, assets [abstract] | |||
Total gains/(losses) recognised in profit or loss | 0 | ||
Unrealised gains/(losses) recognised in profit or loss relating to assets held | 0 | ||
Changes in fair value of other financial instruments mandatorily measured at fair value through profit or loss | Financial assets designated and otherwise mandatorily measured at fair value through profit or loss | Level 3 | Recurring fair value measurement | |||
Reconciliation of changes in fair value measurement, assets [abstract] | |||
Total gains/(losses) recognised in profit or loss | 608 | ||
Unrealised gains/(losses) recognised in profit or loss relating to assets held | 199 | ||
Changes in fair value of other financial instruments mandatorily measured at fair value through profit or loss | Derivatives | Level 3 | Recurring fair value measurement | |||
Reconciliation of changes in fair value measurement, assets [abstract] | |||
Total gains/(losses) recognised in profit or loss | 0 | ||
Unrealised gains/(losses) recognised in profit or loss relating to assets held | 0 | ||
Gains less losses from financial investments | Trading liabilities | Level 3 | Recurring fair value measurement | |||
Reconciliation of changes in fair value measurement, liabilities [abstract] | |||
Total gains/(losses) recognised in profit or loss | 0 | 0 | |
Gains less losses from financial investments | Financial liabilities designated at fair value | Level 3 | Recurring fair value measurement | |||
Reconciliation of changes in fair value measurement, liabilities [abstract] | |||
Total gains/(losses) recognised in profit or loss | 0 | 0 | |
Gains less losses from financial investments | Derivatives | Level 3 | Recurring fair value measurement | |||
Reconciliation of changes in fair value measurement, liabilities [abstract] | |||
Total gains/(losses) recognised in profit or loss | 0 | 0 | |
Gains less losses from financial investments | Financial investments | Level 3 | Recurring fair value measurement | |||
Reconciliation of changes in fair value measurement, assets [abstract] | |||
Total gains/(losses) recognised in profit or loss | 251 | 313 | |
Gains less losses from financial investments | Trading assets | Level 3 | Recurring fair value measurement | |||
Reconciliation of changes in fair value measurement, assets [abstract] | |||
Total gains/(losses) recognised in profit or loss | 0 | 0 | |
Gains less losses from financial investments | Financial assets designated and otherwise mandatorily measured at fair value through profit or loss | Level 3 | Recurring fair value measurement | |||
Reconciliation of changes in fair value measurement, assets [abstract] | |||
Total gains/(losses) recognised in profit or loss | 0 | 0 | |
Gains less losses from financial investments | Derivatives | Level 3 | Recurring fair value measurement | |||
Reconciliation of changes in fair value measurement, assets [abstract] | |||
Total gains/(losses) recognised in profit or loss | 0 | 0 | |
Loan impairment charges and other credit risk provisions (‘LICs’) | Trading liabilities | Level 3 | Recurring fair value measurement | |||
Reconciliation of changes in fair value measurement, liabilities [abstract] | |||
Total gains/(losses) recognised in profit or loss | 0 | 0 | |
Unrealised gains/(losses) recognised in profit or loss relating to liabilities held | 0 | 0 | |
Loan impairment charges and other credit risk provisions (‘LICs’) | Financial liabilities designated at fair value | Level 3 | Recurring fair value measurement | |||
Reconciliation of changes in fair value measurement, liabilities [abstract] | |||
Total gains/(losses) recognised in profit or loss | 0 | 0 | |
Unrealised gains/(losses) recognised in profit or loss relating to liabilities held | 0 | 0 | |
Loan impairment charges and other credit risk provisions (‘LICs’) | Derivatives | Level 3 | Recurring fair value measurement | |||
Reconciliation of changes in fair value measurement, liabilities [abstract] | |||
Total gains/(losses) recognised in profit or loss | 0 | 0 | |
Unrealised gains/(losses) recognised in profit or loss relating to liabilities held | 0 | 0 | |
Loan impairment charges and other credit risk provisions (‘LICs’) | Financial investments | Level 3 | Recurring fair value measurement | |||
Reconciliation of changes in fair value measurement, assets [abstract] | |||
Total gains/(losses) recognised in profit or loss | 0 | 38 | |
Unrealised gains/(losses) recognised in profit or loss relating to assets held | 0 | 16 | |
Loan impairment charges and other credit risk provisions (‘LICs’) | Trading assets | Level 3 | Recurring fair value measurement | |||
Reconciliation of changes in fair value measurement, assets [abstract] | |||
Total gains/(losses) recognised in profit or loss | 0 | 0 | |
Unrealised gains/(losses) recognised in profit or loss relating to assets held | 0 | 0 | |
Loan impairment charges and other credit risk provisions (‘LICs’) | Financial assets designated and otherwise mandatorily measured at fair value through profit or loss | Level 3 | Recurring fair value measurement | |||
Reconciliation of changes in fair value measurement, assets [abstract] | |||
Total gains/(losses) recognised in profit or loss | 0 | 0 | |
Unrealised gains/(losses) recognised in profit or loss relating to assets held | 0 | 0 | |
Loan impairment charges and other credit risk provisions (‘LICs’) | Derivatives | Level 3 | Recurring fair value measurement | |||
Reconciliation of changes in fair value measurement, assets [abstract] | |||
Total gains/(losses) recognised in profit or loss | 0 | 0 | |
Unrealised gains/(losses) recognised in profit or loss relating to assets held | 0 | 0 | |
Fair value gains transferred to the income statement on disposal | Trading liabilities | Level 3 | Recurring fair value measurement | |||
Reconciliation of changes in fair value measurement, liabilities [abstract] | |||
Total gains/(losses) recognised in profit or loss | 0 | ||
Fair value gains transferred to the income statement on disposal | Financial liabilities designated at fair value | Level 3 | Recurring fair value measurement | |||
Reconciliation of changes in fair value measurement, liabilities [abstract] | |||
Total gains/(losses) recognised in profit or loss | 0 | ||
Fair value gains transferred to the income statement on disposal | Derivatives | Level 3 | Recurring fair value measurement | |||
Reconciliation of changes in fair value measurement, liabilities [abstract] | |||
Total gains/(losses) recognised in profit or loss | 0 | ||
Fair value gains transferred to the income statement on disposal | Financial investments | Level 3 | Recurring fair value measurement | |||
Reconciliation of changes in fair value measurement, assets [abstract] | |||
Total gains/(losses) recognised in profit or loss | 0 | ||
Fair value gains transferred to the income statement on disposal | Trading assets | Level 3 | Recurring fair value measurement | |||
Reconciliation of changes in fair value measurement, assets [abstract] | |||
Total gains/(losses) recognised in profit or loss | 0 | ||
Fair value gains transferred to the income statement on disposal | Financial assets designated and otherwise mandatorily measured at fair value through profit or loss | Level 3 | Recurring fair value measurement | |||
Reconciliation of changes in fair value measurement, assets [abstract] | |||
Total gains/(losses) recognised in profit or loss | 0 | ||
Fair value gains transferred to the income statement on disposal | Derivatives | Level 3 | Recurring fair value measurement | |||
Reconciliation of changes in fair value measurement, assets [abstract] | |||
Total gains/(losses) recognised in profit or loss | $ 0 | ||
Trading income/(expense) excluding net interest income | Trading liabilities | Level 3 | Recurring fair value measurement | |||
Reconciliation of changes in fair value measurement, liabilities [abstract] | |||
Total gains/(losses) recognised in profit or loss | 154 | ||
Unrealised gains/(losses) recognised in profit or loss relating to liabilities held | (117) | ||
Trading income/(expense) excluding net interest income | Financial liabilities designated at fair value | Level 3 | Recurring fair value measurement | |||
Reconciliation of changes in fair value measurement, liabilities [abstract] | |||
Total gains/(losses) recognised in profit or loss | 0 | ||
Unrealised gains/(losses) recognised in profit or loss relating to liabilities held | 0 | ||
Trading income/(expense) excluding net interest income | Derivatives | Level 3 | Recurring fair value measurement | |||
Reconciliation of changes in fair value measurement, liabilities [abstract] | |||
Total gains/(losses) recognised in profit or loss | 400 | ||
Unrealised gains/(losses) recognised in profit or loss relating to liabilities held | (397) | ||
Trading income/(expense) excluding net interest income | Financial investments | Level 3 | Recurring fair value measurement | |||
Reconciliation of changes in fair value measurement, assets [abstract] | |||
Total gains/(losses) recognised in profit or loss | 0 | ||
Unrealised gains/(losses) recognised in profit or loss relating to assets held | 0 | ||
Trading income/(expense) excluding net interest income | Trading assets | Level 3 | Recurring fair value measurement | |||
Reconciliation of changes in fair value measurement, assets [abstract] | |||
Total gains/(losses) recognised in profit or loss | (188) | ||
Unrealised gains/(losses) recognised in profit or loss relating to assets held | (110) | ||
Trading income/(expense) excluding net interest income | Financial assets designated and otherwise mandatorily measured at fair value through profit or loss | Level 3 | Recurring fair value measurement | |||
Reconciliation of changes in fair value measurement, assets [abstract] | |||
Total gains/(losses) recognised in profit or loss | 0 | ||
Unrealised gains/(losses) recognised in profit or loss relating to assets held | 0 | ||
Trading income/(expense) excluding net interest income | Derivatives | Level 3 | Recurring fair value measurement | |||
Reconciliation of changes in fair value measurement, assets [abstract] | |||
Total gains/(losses) recognised in profit or loss | 152 | ||
Unrealised gains/(losses) recognised in profit or loss relating to assets held | 218 | ||
Net income/(expense) from other financial instruments designated at fair value | Trading liabilities | Level 3 | Recurring fair value measurement | |||
Reconciliation of changes in fair value measurement, liabilities [abstract] | |||
Total gains/(losses) recognised in profit or loss | 0 | ||
Unrealised gains/(losses) recognised in profit or loss relating to liabilities held | 0 | ||
Net income/(expense) from other financial instruments designated at fair value | Financial liabilities designated at fair value | Level 3 | Recurring fair value measurement | |||
Reconciliation of changes in fair value measurement, liabilities [abstract] | |||
Total gains/(losses) recognised in profit or loss | (5) | ||
Unrealised gains/(losses) recognised in profit or loss relating to liabilities held | 0 | ||
Net income/(expense) from other financial instruments designated at fair value | Derivatives | Level 3 | Recurring fair value measurement | |||
Reconciliation of changes in fair value measurement, liabilities [abstract] | |||
Total gains/(losses) recognised in profit or loss | 0 | ||
Unrealised gains/(losses) recognised in profit or loss relating to liabilities held | 0 | ||
Net income/(expense) from other financial instruments designated at fair value | Financial investments | Level 3 | Recurring fair value measurement | |||
Reconciliation of changes in fair value measurement, assets [abstract] | |||
Total gains/(losses) recognised in profit or loss | 0 | ||
Unrealised gains/(losses) recognised in profit or loss relating to assets held | 0 | ||
Net income/(expense) from other financial instruments designated at fair value | Trading assets | Level 3 | Recurring fair value measurement | |||
Reconciliation of changes in fair value measurement, assets [abstract] | |||
Total gains/(losses) recognised in profit or loss | 0 | ||
Unrealised gains/(losses) recognised in profit or loss relating to assets held | 0 | ||
Net income/(expense) from other financial instruments designated at fair value | Financial assets designated and otherwise mandatorily measured at fair value through profit or loss | Level 3 | Recurring fair value measurement | |||
Reconciliation of changes in fair value measurement, assets [abstract] | |||
Total gains/(losses) recognised in profit or loss | (107) | ||
Unrealised gains/(losses) recognised in profit or loss relating to assets held | (146) | ||
Net income/(expense) from other financial instruments designated at fair value | Derivatives | Level 3 | Recurring fair value measurement | |||
Reconciliation of changes in fair value measurement, assets [abstract] | |||
Total gains/(losses) recognised in profit or loss | 0 | ||
Unrealised gains/(losses) recognised in profit or loss relating to assets held | $ 0 |
Fair values of financial ins_10
Fair values of financial instruments carried at fair value - Sensitivity of Level 3 fair values to reasonably possible alternative assumptions (Details) - USD ($) $ in Millions | 12 Months Ended | |
Dec. 31, 2018 | Dec. 31, 2017 | |
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | ||
Favourable changes reflected in profit or loss | $ 697 | $ 514 |
Un- favourable changes reflected in profit or loss | (603) | (357) |
Favourable changes recognized in OCI | 23 | 128 |
Un- favourable changes recognized in OCI | (22) | (149) |
Derivatives, trading assets | Derivatives, trading liabilities | ||
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | ||
Favourable changes reflected in profit or loss | 269 | 372 |
Un- favourable changes reflected in profit or loss | (257) | (253) |
Favourable changes recognized in OCI | 0 | 0 |
Un- favourable changes recognized in OCI | 0 | 0 |
Financial assets designated and otherwise mandatorily measured at fair value through profit or loss | Financial liabilities designated at fair value | ||
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | ||
Favourable changes reflected in profit or loss | 394 | 89 |
Un- favourable changes reflected in profit or loss | (310) | (74) |
Favourable changes recognized in OCI | 0 | 0 |
Un- favourable changes recognized in OCI | 0 | 0 |
Financial investments | ||
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | ||
Favourable changes reflected in profit or loss | 34 | 53 |
Un- favourable changes reflected in profit or loss | (36) | (30) |
Favourable changes recognized in OCI | 23 | 128 |
Un- favourable changes recognized in OCI | $ (22) | $ (149) |
Fair values of financial ins_11
Fair values of financial instruments carried at fair value - Sensitivity of Level 3 fair values to reasonably possible alternative assumptions by instrument type (Details) - USD ($) $ in Millions | 12 Months Ended | |
Dec. 31, 2018 | Dec. 31, 2017 | |
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | ||
Favourable changes reflected in profit or loss | $ 697 | $ 514 |
Un- favourable changes reflected in profit or loss | (603) | (357) |
Favourable changes recognized in OCI | 23 | 128 |
Un- favourable changes recognized in OCI | (22) | (149) |
Private equity including strategic investments | ||
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | ||
Favourable changes reflected in profit or loss | 400 | 142 |
Un- favourable changes reflected in profit or loss | (317) | (105) |
Favourable changes recognized in OCI | 0 | 117 |
Un- favourable changes recognized in OCI | 0 | (102) |
Asset-backed securities | ||
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | ||
Favourable changes reflected in profit or loss | 62 | 66 |
Un- favourable changes reflected in profit or loss | (34) | (39) |
Favourable changes recognized in OCI | 23 | 3 |
Un- favourable changes recognized in OCI | (22) | (39) |
Loans held for securitisation | ||
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | ||
Favourable changes reflected in profit or loss | 1 | 1 |
Un- favourable changes reflected in profit or loss | (1) | (1) |
Favourable changes recognized in OCI | 0 | 0 |
Un- favourable changes recognized in OCI | 0 | 0 |
Structured notes | ||
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | ||
Favourable changes reflected in profit or loss | 13 | 12 |
Un- favourable changes reflected in profit or loss | (13) | (9) |
Favourable changes recognized in OCI | 0 | 0 |
Un- favourable changes recognized in OCI | 0 | 0 |
Derivatives with monolines | ||
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | ||
Favourable changes reflected in profit or loss | 0 | 0 |
Un- favourable changes reflected in profit or loss | 0 | 0 |
Favourable changes recognized in OCI | 0 | 0 |
Un- favourable changes recognized in OCI | 0 | 0 |
Other derivatives | ||
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | ||
Favourable changes reflected in profit or loss | 157 | 249 |
Un- favourable changes reflected in profit or loss | (153) | (150) |
Favourable changes recognized in OCI | 0 | 0 |
Un- favourable changes recognized in OCI | 0 | 0 |
Other portfolios | ||
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | ||
Favourable changes reflected in profit or loss | 64 | 44 |
Un- favourable changes reflected in profit or loss | (85) | (53) |
Favourable changes recognized in OCI | 0 | 8 |
Un- favourable changes recognized in OCI | $ 0 | $ (8) |
Fair values of financial ins_12
Fair values of financial instruments carried at fair value - Quantitative information about significant unobservable inputs in Level 3 valuations (Details) $ in Millions | 12 Months Ended | ||
Dec. 31, 2018USD ($)bid_quote | Dec. 31, 2017USD ($)bid_quote | Dec. 31, 2016bid_quote | |
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | |||
Financial assets | $ 2,471,203 | $ 2,433,785 | |
Financial liabilities | $ 2,260,288 | 2,220,739 | |
Percentage of inputs that fall within the core range | 90.00% | ||
Level 3 | Recurring fair value measurement | |||
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | |||
Financial assets | $ 16,674 | 12,388 | |
Financial liabilities | 7,142 | 6,144 | |
Level 3 | Recurring fair value measurement | Private equity including strategic investments | |||
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | |||
Financial liabilities | 12 | ||
Level 3 | Recurring fair value measurement | Structured notes | |||
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | |||
Financial liabilities | 5,374 | 4,180 | |
Level 3 | Recurring fair value measurement | – equity-linked notes one | |||
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | |||
Financial liabilities | 3,882 | ||
Level 3 | Recurring fair value measurement | – equity-linked notes two | |||
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | |||
Financial liabilities | |||
Level 3 | Recurring fair value measurement | – fund-linked notes | |||
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | |||
Financial liabilities | 83 | ||
Level 3 | Recurring fair value measurement | – FX-linked notes | |||
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | |||
Financial liabilities | 1,382 | ||
Level 3 | Recurring fair value measurement | – other | |||
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | |||
Financial liabilities | 27 | ||
Level 3 | Recurring fair value measurement | Other derivatives | |||
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | |||
Financial liabilities | 1,755 | 1,944 | |
Level 3 | Recurring fair value measurement | Other portfolios | |||
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | |||
Financial liabilities | 1 | 0 | |
Level 3 | Recurring fair value measurement | – other | |||
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | |||
Financial liabilities | 1 | ||
Level 3 | Recurring fair value measurement | Private equity including strategic investments | |||
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | |||
Financial assets | 5,553 | 3,508 | |
Level 3 | Recurring fair value measurement | Asset-backed securities | |||
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | |||
Financial assets | 2,202 | 2,577 | |
Level 3 | Recurring fair value measurement | – CLO/CDO | |||
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | |||
Financial assets | 394 | ||
Level 3 | Recurring fair value measurement | – other ABSs | |||
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | |||
Financial assets | 1,808 | ||
Level 3 | Recurring fair value measurement | Loans held for securitisation | |||
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | |||
Financial assets | 49 | 24 | |
Level 3 | Recurring fair value measurement | Structured notes | |||
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | |||
Financial assets | 3 | ||
Level 3 | Recurring fair value measurement | – other | |||
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | |||
Financial assets | 3 | ||
Level 3 | Recurring fair value measurement | Derivatives with monolines | |||
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | |||
Financial assets | 65 | $ 113 | |
Level 3 | Recurring fair value measurement | Other derivatives | |||
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | |||
Financial assets | 2,358 | ||
Level 3 | Recurring fair value measurement | Other portfolios | |||
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | |||
Financial assets | 6,443 | ||
Level 3 | Recurring fair value measurement | – structured certificates | |||
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | |||
Financial assets | 3,013 | ||
Level 3 | Recurring fair value measurement | – other | |||
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | |||
Financial assets | 3,430 | ||
Level 3 | Recurring fair value measurement | Interest rate | securitisation swaps | |||
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | |||
Financial liabilities | 700 | ||
Level 3 | Recurring fair value measurement | Interest rate | long-dated swaptions | |||
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | |||
Financial liabilities | 27 | ||
Level 3 | Recurring fair value measurement | Interest rate | other | |||
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | |||
Financial liabilities | 148 | ||
Level 3 | Recurring fair value measurement | Interest rate | securitisation swaps | |||
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | |||
Financial assets | 233 | ||
Level 3 | Recurring fair value measurement | Interest rate | long-dated swaptions | |||
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | |||
Financial assets | 1,019 | ||
Level 3 | Recurring fair value measurement | Interest rate | other | |||
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | |||
Financial assets | 250 | ||
Level 3 | Recurring fair value measurement | Foreign exchange | other | |||
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | |||
Financial liabilities | 77 | ||
Level 3 | Recurring fair value measurement | Foreign exchange | FX options | |||
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | |||
Financial liabilities | 244 | ||
Level 3 | Recurring fair value measurement | Foreign exchange | FX options | |||
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | |||
Financial assets | 186 | ||
Level 3 | Recurring fair value measurement | Foreign exchange | other | |||
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | |||
Financial assets | 113 | ||
Level 3 | Recurring fair value measurement | Equities | other | |||
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | |||
Financial liabilities | 216 | ||
Level 3 | Recurring fair value measurement | Equities | long-dated single stock options | |||
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | |||
Financial liabilities | 267 | ||
Level 3 | Recurring fair value measurement | Equities | other | |||
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | |||
Financial assets | 310 | ||
Level 3 | Recurring fair value measurement | Equities | long-dated single stock options | |||
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | |||
Financial assets | 215 | ||
Level 3 | Recurring fair value measurement | Credit | other | |||
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | |||
Financial liabilities | 76 | ||
Level 3 | Recurring fair value measurement | Credit | other | |||
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | |||
Financial assets | $ 32 | ||
Bottom of range | Recurring fair value measurement | Interest rate | securitisation swaps | |||
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | |||
Prepayment rate liabilities | 6.00% | 20.00% | |
Bottom of range | Recurring fair value measurement | Interest rate | long-dated swaptions | |||
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | |||
IR volatility liabilities | 13.00% | 8.00% | |
Bottom of range | Recurring fair value measurement | Foreign exchange | FX options | |||
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | |||
FX volatility liabilities | 1.00% | 0.70% | |
Bottom of range | Recurring fair value measurement | Equities | long-dated single stock options | |||
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | |||
Equity volatility assets | 5.00% | 7.00% | |
Top of range | Recurring fair value measurement | Interest rate | securitisation swaps | |||
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | |||
Prepayment rate liabilities | 7.00% | 90.00% | |
Top of range | Recurring fair value measurement | Interest rate | long-dated swaptions | |||
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | |||
IR volatility liabilities | 39.00% | 41.00% | |
Top of range | Recurring fair value measurement | Foreign exchange | FX options | |||
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | |||
FX volatility liabilities | 27.00% | 50.00% | |
Top of range | Recurring fair value measurement | Equities | long-dated single stock options | |||
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | |||
Equity volatility assets | 83.00% | 84.00% | |
Bottom of range | Recurring fair value measurement | Interest rate | securitisation swaps | |||
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | |||
Prepayment rate liabilities | 6.00% | 20.00% | |
Bottom of range | Recurring fair value measurement | Interest rate | long-dated swaptions | |||
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | |||
IR volatility liabilities | 14.00% | 15.00% | |
Bottom of range | Recurring fair value measurement | Foreign exchange | FX options | |||
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | |||
FX volatility liabilities | 7.00% | 5.00% | |
Bottom of range | Recurring fair value measurement | Equities | long-dated single stock options | |||
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | |||
Equity volatility assets | 5.00% | 15.00% | |
Top of range | Recurring fair value measurement | Interest rate | securitisation swaps | |||
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | |||
Prepayment rate liabilities | 7.00% | 90.00% | |
Top of range | Recurring fair value measurement | Interest rate | long-dated swaptions | |||
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | |||
IR volatility liabilities | 36.00% | 31.00% | |
Top of range | Recurring fair value measurement | Foreign exchange | FX options | |||
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | |||
FX volatility liabilities | 12.00% | 11.00% | |
Top of range | Recurring fair value measurement | Equities | long-dated single stock options | |||
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | |||
Equity volatility assets | 81.00% | 44.00% | |
Market proxy | Bottom of range | Recurring fair value measurement | – CLO/CDO | |||
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | |||
Prepayment rate assets | 0.00% | 2.00% | |
Bid quotes | bid_quote | 0 | 0 | |
Market proxy | Bottom of range | Recurring fair value measurement | – other ABSs | |||
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | |||
Bid quotes | bid_quote | 0 | 0 | |
Market proxy | Top of range | Recurring fair value measurement | – CLO/CDO | |||
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | |||
Prepayment rate assets | 10.00% | 7.00% | |
Bid quotes | bid_quote | 100 | 101 | |
Market proxy | Top of range | Recurring fair value measurement | – other ABSs | |||
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | |||
Bid quotes | bid_quote | 271 | 103 | |
Market proxy | Bottom of range | Recurring fair value measurement | – CLO/CDO | |||
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | |||
Prepayment rate assets | 0.00% | 2.00% | |
Bid quotes | bid_quote | 50 | 6 | |
Market proxy | Bottom of range | Recurring fair value measurement | – other ABSs | |||
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | |||
Bid quotes | bid_quote | 71 | 34 | |
Market proxy | Top of range | Recurring fair value measurement | – CLO/CDO | |||
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | |||
Prepayment rate assets | 10.00% | 7.00% | |
Bid quotes | bid_quote | 100 | 53 | |
Market proxy | Top of range | Recurring fair value measurement | – other ABSs | |||
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | |||
Bid quotes | bid_quote | 99 | 98 | |
Model – Option model | Bottom of range | Recurring fair value measurement | – equity-linked notes one | |||
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | |||
Equity volatility assets | 8.00% | 7.00% | |
Model – Option model | Bottom of range | Recurring fair value measurement | – equity-linked notes two | |||
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | |||
Equity correlation | 17.00% | 33.00% | |
Model – Option model | Bottom of range | Recurring fair value measurement | – fund-linked notes | |||
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | |||
Fund volatility | 21.00% | 6.00% | |
Model – Option model | Bottom of range | Recurring fair value measurement | – FX-linked notes | |||
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | |||
FX volatility liabilities | 1.00% | 3.00% | |
Model – Option model | Bottom of range | Recurring fair value measurement | Interest rate | long-dated swaptions | |||
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | |||
IR volatility assets | 13.00% | 8.00% | |
Model – Option model | Bottom of range | Recurring fair value measurement | Foreign exchange | FX options | |||
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | |||
FX volatility assets | 1.00% | 0.70% | |
Model – Option model | Bottom of range | Recurring fair value measurement | Equities | long-dated single stock options | |||
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | |||
Equity volatility liabilities | 5.00% | 7.00% | |
Model – Option model | Top of range | Recurring fair value measurement | – equity-linked notes one | |||
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | |||
Equity volatility assets | 79.00% | 47.00% | |
Model – Option model | Top of range | Recurring fair value measurement | – equity-linked notes two | |||
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | |||
Equity correlation | 93.00% | 95.00% | |
Model – Option model | Top of range | Recurring fair value measurement | – fund-linked notes | |||
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | |||
Fund volatility | 21.00% | 15.00% | |
Model – Option model | Top of range | Recurring fair value measurement | – FX-linked notes | |||
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | |||
FX volatility liabilities | 27.00% | 20.00% | |
Model – Option model | Top of range | Recurring fair value measurement | Interest rate | long-dated swaptions | |||
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | |||
IR volatility assets | 39.00% | 41.00% | |
Model – Option model | Top of range | Recurring fair value measurement | Foreign exchange | FX options | |||
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | |||
FX volatility assets | 27.00% | 50.00% | |
Model – Option model | Top of range | Recurring fair value measurement | Equities | long-dated single stock options | |||
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | |||
Equity volatility liabilities | 83.00% | 84.00% | |
Model – Option model | Bottom of range | Recurring fair value measurement | – equity-linked notes one | |||
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | |||
Equity volatility assets | 13.00% | 14.00% | |
Model – Option model | Bottom of range | Recurring fair value measurement | – equity-linked notes two | |||
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | |||
Equity correlation | 40.00% | 45.00% | |
Model – Option model | Bottom of range | Recurring fair value measurement | – fund-linked notes | |||
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | |||
Fund volatility | 21.00% | 6.00% | |
Model – Option model | Bottom of range | Recurring fair value measurement | – FX-linked notes | |||
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | |||
FX volatility liabilities | 3.00% | 4.00% | |
Model – Option model | Bottom of range | Recurring fair value measurement | Interest rate | long-dated swaptions | |||
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | |||
IR volatility assets | 14.00% | 15.00% | |
Model – Option model | Bottom of range | Recurring fair value measurement | Foreign exchange | FX options | |||
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | |||
FX volatility assets | 7.00% | 5.00% | |
Model – Option model | Bottom of range | Recurring fair value measurement | Equities | long-dated single stock options | |||
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | |||
Equity volatility liabilities | 5.00% | 15.00% | |
Model – Option model | Top of range | Recurring fair value measurement | – equity-linked notes one | |||
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | |||
Equity volatility assets | 53.00% | 30.00% | |
Model – Option model | Top of range | Recurring fair value measurement | – equity-linked notes two | |||
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | |||
Equity correlation | 77.00% | 72.00% | |
Model – Option model | Top of range | Recurring fair value measurement | – fund-linked notes | |||
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | |||
Fund volatility | 21.00% | 15.00% | |
Model – Option model | Top of range | Recurring fair value measurement | – FX-linked notes | |||
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | |||
FX volatility liabilities | 25.00% | 13.00% | |
Model – Option model | Top of range | Recurring fair value measurement | Interest rate | long-dated swaptions | |||
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | |||
IR volatility assets | 36.00% | 31.00% | |
Model – Option model | Top of range | Recurring fair value measurement | Foreign exchange | FX options | |||
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | |||
FX volatility assets | 12.00% | 11.00% | |
Model – Option model | Top of range | Recurring fair value measurement | Equities | long-dated single stock options | |||
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | |||
Equity volatility liabilities | 81.00% | 44.00% | |
Model – Discounted cash flow | Bottom of range | Recurring fair value measurement | Derivatives with monolines | |||
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | |||
Credit spread | 0.20% | 0.40% | |
Model – Discounted cash flow | Bottom of range | Recurring fair value measurement | – structured certificates | |||
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | |||
Credit volatility | 2.00% | 2.00% | |
Model – Discounted cash flow | Bottom of range | Recurring fair value measurement | Interest rate | securitisation swaps | |||
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | |||
Prepayment rate assets | 6.00% | 20.00% | |
Model – Discounted cash flow | Top of range | Recurring fair value measurement | Derivatives with monolines | |||
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | |||
Credit spread | 1.00% | 3.00% | |
Model – Discounted cash flow | Top of range | Recurring fair value measurement | – structured certificates | |||
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | |||
Credit volatility | 4.00% | 4.00% | |
Model – Discounted cash flow | Top of range | Recurring fair value measurement | Interest rate | securitisation swaps | |||
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | |||
Prepayment rate assets | 7.00% | 90.00% | |
Model – Discounted cash flow | Bottom of range | Recurring fair value measurement | Derivatives with monolines | |||
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | |||
Credit spread | 0.20% | 1.00% | |
Model – Discounted cash flow | Bottom of range | Recurring fair value measurement | – structured certificates | |||
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | |||
Credit volatility | 2.00% | 2.00% | |
Model – Discounted cash flow | Bottom of range | Recurring fair value measurement | Interest rate | securitisation swaps | |||
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | |||
Prepayment rate assets | 6.00% | 20.00% | |
Model – Discounted cash flow | Top of range | Recurring fair value measurement | Derivatives with monolines | |||
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | |||
Credit spread | 1.00% | 3.00% | |
Model – Discounted cash flow | Top of range | Recurring fair value measurement | – structured certificates | |||
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | |||
Credit volatility | 4.00% | 4.00% | |
Model – Discounted cash flow | Top of range | Recurring fair value measurement | Interest rate | securitisation swaps | |||
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | |||
Prepayment rate assets | 7.00% | 90.00% |
Fair values of financial ins_13
Fair values of financial instruments carried at fair value - Basis of valuing HSBC Holding's financial assets and liabilities measured at fair value (Details) - USD ($) $ in Millions | Dec. 31, 2018 | Dec. 31, 2017 |
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | ||
Financial assets | $ 2,471,203 | $ 2,433,785 |
Financial liabilities | 2,260,288 | 2,220,739 |
Financial liabilities designated at fair value | ||
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | ||
Financial liabilities | 148,505 | 94,429 |
Financial investments | ||
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | ||
Financial assets | 336,157 | |
Financial assets designated and otherwise mandatorily measured at fair value through profit or loss | ||
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | ||
Financial assets | 2,349 | 29,464 |
HSBC Holdings | ||
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | ||
Financial assets | 83,933 | 97,335 |
Financial liabilities | 97,614 | 87,730 |
HSBC Holdings | Financial liabilities designated at fair value | ||
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | ||
Financial liabilities | 25,049 | 30,890 |
HSBC Holdings | Financial liabilities designated at fair value | Level 2 | Designated at fair value | ||
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | ||
Financial liabilities | 25,049 | 30,890 |
HSBC Holdings | Derivatives | Level 2 | Designated at fair value | ||
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | ||
Financial liabilities | 2,159 | 3,082 |
HSBC Holdings | Derivatives | Level 2 | Designated at fair value | ||
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | ||
Financial assets | 707 | 2,388 |
HSBC Holdings | Financial investments | Level 2 | Designated at fair value | ||
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | ||
Financial assets | 0 | 4,264 |
HSBC Holdings | Financial assets designated and otherwise mandatorily measured at fair value through profit or loss | Level 2 | Designated at fair value | ||
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | ||
Financial assets | $ 23,513 | $ 11,944 |
Fair values of financial ins_14
Fair values of financial instruments not carried at fair value - Fair value of financial instruments not carried at fair value and bases of valuation (Details) - USD ($) $ in Millions | Dec. 31, 2018 | Dec. 31, 2017 |
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | ||
Financial assets | $ 2,471,203 | $ 2,433,785 |
Financial liabilities | 2,260,288 | 2,220,739 |
Deposits by banks | ||
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | ||
Financial liabilities | 56,331 | 69,922 |
Customer accounts | ||
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | ||
Financial liabilities | 1,362,643 | 1,364,462 |
Repurchase agreements – non-trading | ||
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | ||
Financial liabilities | 165,884 | 130,002 |
Financial investments – at amortised cost | ||
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | ||
Financial liabilities | 196,093 | 169,639 |
Subordinated liabilities | ||
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | ||
Financial liabilities | 37,130 | 44,116 |
Loans and advances to banks | ||
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | ||
Financial assets | 72,167 | 90,393 |
Loans and advances to customers | ||
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | ||
Financial assets | 981,696 | 962,964 |
Repurchase agreements – non-trading | ||
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | ||
Financial assets | 242,804 | 201,553 |
Financial investments – at amortised cost | ||
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | ||
Financial assets | 62,666 | 52,919 |
Fair value | Deposits by banks | ||
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | ||
Financial liabilities | 56,308 | 69,892 |
Fair value | Customer accounts | ||
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | ||
Financial liabilities | 1,362,945 | 1,364,625 |
Fair value | Repurchase agreements – non-trading | ||
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | ||
Financial liabilities | 165,884 | 129,996 |
Fair value | Loans and advances to banks | ||
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | ||
Financial assets | 72,169 | 90,391 |
Fair value | Loans and advances to customers | ||
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | ||
Financial assets | 985,077 | 964,205 |
Fair value | Repurchase agreements – non-trading | ||
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | ||
Financial assets | 242,857 | 201,538 |
Fair value | Financial investments – at amortised cost | ||
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | ||
Financial assets | 62,079 | 54,087 |
Fair value | Level 1 | Deposits by banks | ||
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | ||
Financial liabilities | 0 | 0 |
Fair value | Level 1 | Customer accounts | ||
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | ||
Financial liabilities | 0 | 0 |
Fair value | Level 1 | Repurchase agreements – non-trading | ||
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | ||
Financial liabilities | 0 | 1 |
Fair value | Level 1 | Loans and advances to banks | ||
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | ||
Financial assets | 0 | 0 |
Fair value | Level 1 | Loans and advances to customers | ||
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | ||
Financial assets | 0 | 0 |
Fair value | Level 1 | Repurchase agreements – non-trading | ||
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | ||
Financial assets | 81 | 0 |
Fair value | Level 1 | Financial investments – at amortised cost | ||
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | ||
Financial assets | 1,790 | 1,363 |
Fair value | Level 2 | Deposits by banks | ||
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | ||
Financial liabilities | 56,308 | 69,862 |
Fair value | Level 2 | Customer accounts | ||
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | ||
Financial liabilities | 1,362,794 | 1,353,017 |
Fair value | Level 2 | Repurchase agreements – non-trading | ||
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | ||
Financial liabilities | 165,884 | 129,995 |
Fair value | Level 2 | Loans and advances to banks | ||
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | ||
Financial assets | 68,378 | 87,384 |
Fair value | Level 2 | Loans and advances to customers | ||
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | ||
Financial assets | 10,518 | 20,029 |
Fair value | Level 2 | Repurchase agreements – non-trading | ||
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | ||
Financial assets | 241,407 | 200,012 |
Fair value | Level 2 | Financial investments – at amortised cost | ||
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | ||
Financial assets | 60,073 | 52,707 |
Fair value | Level 3 | Deposits by banks | ||
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | ||
Financial liabilities | 0 | 30 |
Fair value | Level 3 | Customer accounts | ||
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | ||
Financial liabilities | 151 | 11,608 |
Fair value | Level 3 | Repurchase agreements – non-trading | ||
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | ||
Financial liabilities | 0 | 0 |
Fair value | Level 3 | Loans and advances to banks | ||
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | ||
Financial assets | 3,791 | 3,007 |
Fair value | Level 3 | Loans and advances to customers | ||
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | ||
Financial assets | 974,559 | 944,176 |
Fair value | Level 3 | Repurchase agreements – non-trading | ||
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | ||
Financial assets | 1,369 | 1,526 |
Fair value | Level 3 | Financial investments – at amortised cost | ||
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | ||
Financial assets | 216 | 17 |
At cost | Financial investments – at amortised cost | ||
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | ||
Financial liabilities | 85,342 | 64,546 |
At cost | Subordinated liabilities | ||
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | ||
Financial liabilities | 22,437 | 19,826 |
At cost | Fair value | Financial investments – at amortised cost | ||
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | ||
Financial liabilities | 85,430 | 65,138 |
At cost | Fair value | Subordinated liabilities | ||
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | ||
Financial liabilities | 25,341 | 24,095 |
At cost | Fair value | Level 1 | Financial investments – at amortised cost | ||
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | ||
Financial liabilities | 0 | 0 |
At cost | Fair value | Level 1 | Subordinated liabilities | ||
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | ||
Financial liabilities | 0 | 0 |
At cost | Fair value | Level 2 | Financial investments – at amortised cost | ||
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | ||
Financial liabilities | 85,430 | 65,138 |
At cost | Fair value | Level 2 | Subordinated liabilities | ||
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | ||
Financial liabilities | 24,968 | 23,740 |
At cost | Fair value | Level 3 | Financial investments – at amortised cost | ||
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | ||
Financial liabilities | 0 | 0 |
At cost | Fair value | Level 3 | Subordinated liabilities | ||
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | ||
Financial liabilities | $ 373 | $ 355 |
Fair values of financial ins_15
Fair values of financial instruments not carried at fair value - Carrying amount and fair value of loans and advances to customers by industry sector (Details) - USD ($) $ in Millions | Dec. 31, 2018 | Dec. 31, 2017 |
Disclosure of fair value measurement of assets [line items] | ||
Financial assets | $ 2,471,203 | $ 2,433,785 |
Loans and advances to customers | ||
Disclosure of fair value measurement of assets [line items] | ||
Financial assets | 981,696 | 962,964 |
Loans and advances to customers | Personal | ||
Disclosure of fair value measurement of assets [line items] | ||
Financial assets | 391,390 | 374,762 |
Loans and advances to customers | Corporate and commercial | ||
Disclosure of fair value measurement of assets [line items] | ||
Financial assets | 529,025 | 516,754 |
Loans and advances to customers | Non-bank financial institutions | ||
Disclosure of fair value measurement of assets [line items] | ||
Financial assets | 61,281 | 71,448 |
Loans and advances to customers | Not Impaired | ||
Disclosure of fair value measurement of assets [line items] | ||
Financial assets | 973,590 | 953,003 |
Loans and advances to customers | Not Impaired | Personal | ||
Disclosure of fair value measurement of assets [line items] | ||
Financial assets | 387,957 | 370,842 |
Loans and advances to customers | Not Impaired | Corporate and commercial | ||
Disclosure of fair value measurement of assets [line items] | ||
Financial assets | 524,531 | 510,784 |
Loans and advances to customers | Not Impaired | Non-bank financial institutions | ||
Disclosure of fair value measurement of assets [line items] | ||
Financial assets | 61,102 | 71,377 |
Loans and advances to customers | Impaired | ||
Disclosure of fair value measurement of assets [line items] | ||
Financial assets | 8,106 | 9,961 |
Loans and advances to customers | Impaired | Personal | ||
Disclosure of fair value measurement of assets [line items] | ||
Financial assets | 3,433 | 3,920 |
Loans and advances to customers | Impaired | Corporate and commercial | ||
Disclosure of fair value measurement of assets [line items] | ||
Financial assets | 4,494 | 5,970 |
Loans and advances to customers | Impaired | Non-bank financial institutions | ||
Disclosure of fair value measurement of assets [line items] | ||
Financial assets | 179 | 71 |
Fair value | Loans and advances to customers | ||
Disclosure of fair value measurement of assets [line items] | ||
Financial assets | 985,077 | 964,205 |
Fair value | Loans and advances to customers | Personal | ||
Disclosure of fair value measurement of assets [line items] | ||
Financial assets | 392,010 | 374,388 |
Fair value | Loans and advances to customers | Corporate and commercial | ||
Disclosure of fair value measurement of assets [line items] | ||
Financial assets | 531,622 | 518,366 |
Fair value | Loans and advances to customers | Non-bank financial institutions | ||
Disclosure of fair value measurement of assets [line items] | ||
Financial assets | 61,445 | 71,451 |
Fair value | Loans and advances to customers | Not Impaired | ||
Disclosure of fair value measurement of assets [line items] | ||
Financial assets | 977,048 | 955,079 |
Fair value | Loans and advances to customers | Not Impaired | Personal | ||
Disclosure of fair value measurement of assets [line items] | ||
Financial assets | 388,761 | 371,131 |
Fair value | Loans and advances to customers | Not Impaired | Corporate and commercial | ||
Disclosure of fair value measurement of assets [line items] | ||
Financial assets | 527,022 | 512,597 |
Fair value | Loans and advances to customers | Not Impaired | Non-bank financial institutions | ||
Disclosure of fair value measurement of assets [line items] | ||
Financial assets | 61,265 | 71,351 |
Fair value | Loans and advances to customers | Impaired | ||
Disclosure of fair value measurement of assets [line items] | ||
Financial assets | 8,029 | 9,126 |
Fair value | Loans and advances to customers | Impaired | Personal | ||
Disclosure of fair value measurement of assets [line items] | ||
Financial assets | 3,249 | 3,257 |
Fair value | Loans and advances to customers | Impaired | Corporate and commercial | ||
Disclosure of fair value measurement of assets [line items] | ||
Financial assets | 4,600 | 5,769 |
Fair value | Loans and advances to customers | Impaired | Non-bank financial institutions | ||
Disclosure of fair value measurement of assets [line items] | ||
Financial assets | $ 180 | $ 100 |
Fair values of financial ins_16
Fair values of financial instruments not carried at fair value - Fair values of HSBC Holdings' financial instruments not carried at fair value on the balance sheet (Details) - USD ($) $ in Millions | Dec. 31, 2018 | Dec. 31, 2017 |
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | ||
Financial assets | $ 2,471,203 | $ 2,433,785 |
Financial liabilities | 2,260,288 | 2,220,739 |
Deposits by banks | ||
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | ||
Financial liabilities | 56,331 | 69,922 |
Debt securities | ||
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | ||
Financial liabilities | 196,093 | 169,639 |
Subordinated liabilities | ||
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | ||
Financial liabilities | 37,130 | 44,116 |
Loans and advances to banks | ||
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | ||
Financial assets | 72,167 | 90,393 |
Fair value | Deposits by banks | ||
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | ||
Financial liabilities | 56,308 | 69,892 |
Fair value | Loans and advances to banks | ||
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | ||
Financial assets | 72,169 | 90,391 |
HSBC Holdings | ||
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | ||
Financial assets | 83,933 | 97,335 |
Financial liabilities | 97,614 | 87,730 |
HSBC Holdings | Deposits by banks | ||
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | ||
Financial liabilities | 949 | 2,571 |
HSBC Holdings | Debt securities | ||
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | ||
Financial liabilities | 68,567 | 51,754 |
HSBC Holdings | Subordinated liabilities | ||
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | ||
Financial liabilities | 23,962 | 28,646 |
HSBC Holdings | Loans and advances to banks | ||
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | ||
Financial assets | 56,144 | 76,627 |
HSBC Holdings | Fair value | Deposits by banks | ||
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | ||
Financial liabilities | 949 | 2,571 |
HSBC Holdings | Fair value | Loans and advances to banks | ||
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | ||
Financial assets | 56,801 | 78,534 |
At cost | Debt securities | ||
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | ||
Financial liabilities | 85,342 | 64,546 |
At cost | Subordinated liabilities | ||
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | ||
Financial liabilities | 22,437 | 19,826 |
At cost | Fair value | Debt securities | ||
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | ||
Financial liabilities | 85,430 | 65,138 |
At cost | Fair value | Subordinated liabilities | ||
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | ||
Financial liabilities | 25,341 | 24,095 |
At cost | HSBC Holdings | Debt securities | ||
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | ||
Financial liabilities | 50,800 | 34,258 |
At cost | HSBC Holdings | Subordinated liabilities | ||
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | ||
Financial liabilities | 17,715 | 15,877 |
At cost | HSBC Holdings | Fair value | Debt securities | ||
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | ||
Financial liabilities | 51,552 | 36,611 |
At cost | HSBC Holdings | Fair value | Subordinated liabilities | ||
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | ||
Financial liabilities | $ 20,224 | $ 19,596 |
Financial assets designated a_3
Financial assets designated and otherwise mandatorily measured at fair value through profit or loss - Summary (Details) - USD ($) $ in Millions | Dec. 31, 2018 | Dec. 31, 2017 |
Disclosure of financial assets [line items] | ||
Financial assets | $ 2,471,203 | $ 2,433,785 |
Financial assets at fair value through profit or loss | ||
Disclosure of financial assets [line items] | ||
Financial assets | 41,111 | |
Designated at fair value | ||
Disclosure of financial assets [line items] | ||
Financial assets | 2,349 | 29,464 |
Mandatorily measured at fair value | ||
Disclosure of financial assets [line items] | ||
Financial assets | 38,762 | |
Securities | Financial assets at fair value through profit or loss | ||
Disclosure of financial assets [line items] | ||
Financial assets | 32,566 | |
Securities | Designated at fair value | ||
Disclosure of financial assets [line items] | ||
Financial assets | 2,349 | 29,456 |
Securities | Mandatorily measured at fair value | ||
Disclosure of financial assets [line items] | ||
Financial assets | 30,217 | |
Treasury and other eligible bills | Financial assets at fair value through profit or loss | ||
Disclosure of financial assets [line items] | ||
Financial assets | 670 | |
Treasury and other eligible bills | Designated at fair value | ||
Disclosure of financial assets [line items] | ||
Financial assets | 641 | 606 |
Treasury and other eligible bills | Mandatorily measured at fair value | ||
Disclosure of financial assets [line items] | ||
Financial assets | 29 | |
Debt securities | ||
Disclosure of financial assets [line items] | ||
Financial assets | 62,666 | 52,919 |
Debt securities | Financial assets at fair value through profit or loss | ||
Disclosure of financial assets [line items] | ||
Financial assets | 6,547 | |
Debt securities | Designated at fair value | ||
Disclosure of financial assets [line items] | ||
Financial assets | 1,708 | 4,090 |
Debt securities | Mandatorily measured at fair value | ||
Disclosure of financial assets [line items] | ||
Financial assets | 4,839 | |
Equities | Financial assets at fair value through profit or loss | ||
Disclosure of financial assets [line items] | ||
Financial assets | 25,349 | |
Equities | Designated at fair value | ||
Disclosure of financial assets [line items] | ||
Financial assets | 0 | 24,760 |
Equities | Mandatorily measured at fair value | ||
Disclosure of financial assets [line items] | ||
Financial assets | 25,349 | |
Loans and advances to banks and customers | Financial assets at fair value through profit or loss | ||
Disclosure of financial assets [line items] | ||
Financial assets | 7,717 | |
Loans and advances to banks and customers | Designated at fair value | ||
Disclosure of financial assets [line items] | ||
Financial assets | 0 | 8 |
Loans and advances to banks and customers | Mandatorily measured at fair value | ||
Disclosure of financial assets [line items] | ||
Financial assets | 7,717 | |
Other | Financial assets at fair value through profit or loss | ||
Disclosure of financial assets [line items] | ||
Financial assets | 828 | |
Other | Designated at fair value | ||
Disclosure of financial assets [line items] | ||
Financial assets | 0 | $ 0 |
Other | Mandatorily measured at fair value | ||
Disclosure of financial assets [line items] | ||
Financial assets | $ 828 |
Financial assets designated a_4
Financial assets designated and otherwise mandatorily measured at fair value through profit or loss - Securities (Details) - USD ($) $ in Millions | Dec. 31, 2018 | Dec. 31, 2017 |
Disclosure of financial assets [line items] | ||
Financial assets | $ 2,471,203 | $ 2,433,785 |
Financial assets at fair value through profit or loss | ||
Disclosure of financial assets [line items] | ||
Financial assets | 41,111 | |
Designated at fair value | ||
Disclosure of financial assets [line items] | ||
Financial assets | 2,349 | 29,464 |
Mandatorily measured at fair value | ||
Disclosure of financial assets [line items] | ||
Financial assets | 38,762 | |
Securities | Financial assets at fair value through profit or loss | ||
Disclosure of financial assets [line items] | ||
Financial assets | 32,566 | |
Securities | Designated at fair value | ||
Disclosure of financial assets [line items] | ||
Financial assets | 2,349 | 29,456 |
Securities | Mandatorily measured at fair value | ||
Disclosure of financial assets [line items] | ||
Financial assets | 30,217 | |
UK Government | Financial assets at fair value through profit or loss | ||
Disclosure of financial assets [line items] | ||
Financial assets | 0 | |
UK Government | Designated at fair value | ||
Disclosure of financial assets [line items] | ||
Financial assets | 0 | 17 |
UK Government | Mandatorily measured at fair value | ||
Disclosure of financial assets [line items] | ||
Financial assets | 0 | |
Hong Kong Government | Financial assets at fair value through profit or loss | ||
Disclosure of financial assets [line items] | ||
Financial assets | 4 | |
Hong Kong Government | Designated at fair value | ||
Disclosure of financial assets [line items] | ||
Financial assets | 4 | 64 |
Hong Kong Government | Mandatorily measured at fair value | ||
Disclosure of financial assets [line items] | ||
Financial assets | 0 | |
Other governments | Financial assets at fair value through profit or loss | ||
Disclosure of financial assets [line items] | ||
Financial assets | 1,386 | |
Other governments | Designated at fair value | ||
Disclosure of financial assets [line items] | ||
Financial assets | 673 | 1,247 |
Other governments | Mandatorily measured at fair value | ||
Disclosure of financial assets [line items] | ||
Financial assets | 713 | |
Asset-backed securities | Financial assets at fair value through profit or loss | ||
Disclosure of financial assets [line items] | ||
Financial assets | 399 | |
Asset-backed securities | Designated at fair value | ||
Disclosure of financial assets [line items] | ||
Financial assets | 0 | 2 |
Asset-backed securities | Mandatorily measured at fair value | ||
Disclosure of financial assets [line items] | ||
Financial assets | 399 | |
Corporate debt and other securities | Financial assets at fair value through profit or loss | ||
Disclosure of financial assets [line items] | ||
Financial assets | 5,428 | |
Corporate debt and other securities | Designated at fair value | ||
Disclosure of financial assets [line items] | ||
Financial assets | 1,672 | 3,366 |
Corporate debt and other securities | Mandatorily measured at fair value | ||
Disclosure of financial assets [line items] | ||
Financial assets | 3,756 | |
Equities | Financial assets at fair value through profit or loss | ||
Disclosure of financial assets [line items] | ||
Financial assets | 25,349 | |
Equities | Designated at fair value | ||
Disclosure of financial assets [line items] | ||
Financial assets | 0 | 24,760 |
Equities | Mandatorily measured at fair value | ||
Disclosure of financial assets [line items] | ||
Financial assets | 25,349 | |
Debt securities issued by banks and other financial institutions | Financial assets at fair value through profit or loss | ||
Disclosure of financial assets [line items] | ||
Financial assets | 2,537 | 1,621 |
Debt securities issued by banks and other financial institutions, guaranteed by governments | Financial assets at fair value through profit or loss | ||
Disclosure of financial assets [line items] | ||
Financial assets | $ 0 | $ 0 |
Derivatives - Notional contrac
Derivatives - Notional contract amounts and fair value of derivatives by product contract type held by HSBC (Details) - USD ($) $ in Millions | Dec. 31, 2018 | Jan. 01, 2018 | [1] | Dec. 31, 2017 |
Disclosure of detailed information about hedging instruments [line items] | ||||
Notional contract amount of trading instruments | $ 33,819,683 | $ 27,008,765 | ||
Nominal contract amount of hedging instruments | 193,240 | 207,057 | ||
Fair value of trading assets | 255,998 | 328,450 | ||
Fair value of hedging assets | 1,538 | 1,793 | ||
Gross total fair values of derivative assets | 257,536 | 330,243 | ||
Fair value of derivative assets | 207,825 | $ 219,818 | 219,818 | |
Fair value of trading liabilities | 252,632 | 323,351 | ||
Fair value of hedging liabilities | 2,914 | 3,895 | ||
Gross total fair values of derivative liabilities | 255,546 | 327,246 | ||
Fair value of derivative liabilities | 205,835 | $ 216,821 | 216,821 | |
Derivatives | ||||
Disclosure of detailed information about hedging instruments [line items] | ||||
Amounts offset on derivative liabilities | (49,711) | (110,425) | ||
Derivatives | ||||
Disclosure of detailed information about hedging instruments [line items] | ||||
Amounts offset on derivative assets | (49,711) | (110,425) | ||
Foreign exchange | ||||
Disclosure of detailed information about hedging instruments [line items] | ||||
Notional contract amount of trading instruments | 7,552,462 | 6,215,518 | ||
Nominal contract amount of hedging instruments | 29,969 | 28,768 | ||
Fair value of trading assets | 85,959 | 78,089 | ||
Fair value of hedging assets | 458 | 428 | ||
Gross total fair values of derivative assets | 86,417 | 78,517 | ||
Fair value of trading liabilities | 82,494 | 74,915 | ||
Fair value of hedging liabilities | 653 | 853 | ||
Gross total fair values of derivative liabilities | 83,147 | 75,768 | ||
Interest rate | ||||
Disclosure of detailed information about hedging instruments [line items] | ||||
Notional contract amount of trading instruments | 24,589,916 | 19,751,577 | ||
Nominal contract amount of hedging instruments | 163,271 | 178,289 | ||
Fair value of trading assets | 155,293 | 235,430 | ||
Fair value of hedging assets | 1,080 | 1,365 | ||
Gross total fair values of derivative assets | 156,373 | 236,795 | ||
Fair value of trading liabilities | 154,257 | 229,989 | ||
Fair value of hedging liabilities | 2,261 | 3,042 | ||
Gross total fair values of derivative liabilities | 156,518 | 233,031 | ||
Equities | ||||
Disclosure of detailed information about hedging instruments [line items] | ||||
Notional contract amount of trading instruments | 1,256,550 | 590,156 | ||
Nominal contract amount of hedging instruments | 0 | 0 | ||
Fair value of trading assets | 10,198 | 9,353 | ||
Fair value of hedging assets | 0 | 0 | ||
Gross total fair values of derivative assets | 10,198 | 9,353 | ||
Fair value of trading liabilities | 10,750 | 11,845 | ||
Fair value of hedging liabilities | 0 | 0 | ||
Gross total fair values of derivative liabilities | 10,750 | 11,845 | ||
Credit | ||||
Disclosure of detailed information about hedging instruments [line items] | ||||
Notional contract amount of trading instruments | 346,596 | 391,798 | ||
Nominal contract amount of hedging instruments | 0 | 0 | ||
Fair value of trading assets | 3,414 | 4,692 | ||
Fair value of hedging assets | 0 | 0 | ||
Gross total fair values of derivative assets | 3,414 | 4,692 | ||
Fair value of trading liabilities | 3,776 | 5,369 | ||
Fair value of hedging liabilities | 0 | 0 | ||
Gross total fair values of derivative liabilities | 3,776 | 5,369 | ||
Commodity and other | ||||
Disclosure of detailed information about hedging instruments [line items] | ||||
Notional contract amount of trading instruments | 74,159 | 59,716 | ||
Nominal contract amount of hedging instruments | 0 | 0 | ||
Fair value of trading assets | 1,134 | 886 | ||
Fair value of hedging assets | 0 | 0 | ||
Gross total fair values of derivative assets | 1,134 | 886 | ||
Fair value of trading liabilities | 1,355 | 1,233 | ||
Fair value of hedging liabilities | 0 | 0 | ||
Gross total fair values of derivative liabilities | $ 1,355 | $ 1,233 | ||
[1] | Balances at 1 January 2018 have been prepared in accordance with accounting policies referred to on page 263. 31 December 2017 balances have not been re-presented. Information regarding the effects of adoption of IFRS 9 can be found in Note 37. |
Derivatives - Notional contr_2
Derivatives - Notional contract amounts and fair values of derivatives by product contract type held by HSBC Holdings with subsidiaries (Details) - USD ($) $ in Millions | Dec. 31, 2018 | Jan. 01, 2018 | Dec. 31, 2017 | |
Disclosure of detailed information about hedging instruments [line items] | ||||
Notional contract amount of trading instruments | $ 33,819,683 | $ 27,008,765 | ||
Nominal contract amount of hedging instruments | 193,240 | 207,057 | ||
Fair value of trading assets | 255,998 | 328,450 | ||
Fair value of hedging assets | 1,538 | 1,793 | ||
Fair value of derivative assets | 207,825 | $ 219,818 | [1] | 219,818 |
Fair value of trading liabilities | 252,632 | 323,351 | ||
Fair value of hedging liabilities | 2,914 | 3,895 | ||
Fair value of derivative liabilities | 205,835 | 216,821 | [1] | 216,821 |
Foreign exchange | ||||
Disclosure of detailed information about hedging instruments [line items] | ||||
Notional contract amount of trading instruments | 7,552,462 | 6,215,518 | ||
Nominal contract amount of hedging instruments | 29,969 | 28,768 | ||
Fair value of trading assets | 85,959 | 78,089 | ||
Fair value of hedging assets | 458 | 428 | ||
Fair value of trading liabilities | 82,494 | 74,915 | ||
Fair value of hedging liabilities | 653 | 853 | ||
Interest rate | ||||
Disclosure of detailed information about hedging instruments [line items] | ||||
Notional contract amount of trading instruments | 24,589,916 | 19,751,577 | ||
Nominal contract amount of hedging instruments | 163,271 | 178,289 | ||
Fair value of trading assets | 155,293 | 235,430 | ||
Fair value of hedging assets | 1,080 | 1,365 | ||
Fair value of trading liabilities | 154,257 | 229,989 | ||
Fair value of hedging liabilities | 2,261 | 3,042 | ||
HSBC Holdings | ||||
Disclosure of detailed information about hedging instruments [line items] | ||||
Fair value of derivative assets | 707 | 2,388 | [2] | 2,388 |
Fair value of derivative liabilities | 2,159 | $ 3,082 | [2] | 3,082 |
Fair value hedges | ||||
Disclosure of detailed information about hedging instruments [line items] | ||||
Fair value of hedging assets | 915 | |||
Fair value of hedging liabilities | 2,123 | |||
Fair value hedges | HSBC Holdings | ||||
Disclosure of detailed information about hedging instruments [line items] | ||||
Notional contract amount of trading instruments | 60,682 | 61,545 | ||
Nominal contract amount of hedging instruments | 39,268 | 26,414 | ||
Fair value of trading assets | 490 | 1,952 | ||
Fair value of hedging assets | 217 | 436 | ||
Fair value of derivative assets | 707 | 2,388 | ||
Fair value of trading liabilities | 1,166 | 2,008 | ||
Fair value of hedging liabilities | 993 | 1,074 | ||
Fair value of derivative liabilities | 2,159 | 3,082 | ||
Fair value hedges | HSBC Holdings | Foreign exchange | ||||
Disclosure of detailed information about hedging instruments [line items] | ||||
Notional contract amount of trading instruments | 16,623 | 20,484 | ||
Nominal contract amount of hedging instruments | 1,120 | 1,120 | ||
Fair value of trading assets | 207 | 588 | ||
Fair value of hedging assets | 0 | 0 | ||
Fair value of derivative assets | 207 | 588 | ||
Fair value of trading liabilities | 628 | 1,330 | ||
Fair value of hedging liabilities | 155 | 110 | ||
Fair value of derivative liabilities | 783 | 1,440 | ||
Fair value hedges | HSBC Holdings | Interest rate | ||||
Disclosure of detailed information about hedging instruments [line items] | ||||
Notional contract amount of trading instruments | 44,059 | 41,061 | ||
Nominal contract amount of hedging instruments | 38,148 | 25,294 | ||
Fair value of trading assets | 283 | 1,364 | ||
Fair value of hedging assets | 217 | 436 | ||
Fair value of derivative assets | 500 | 1,800 | ||
Fair value of trading liabilities | 538 | 678 | ||
Fair value of hedging liabilities | 838 | 964 | ||
Fair value of derivative liabilities | $ 1,376 | $ 1,642 | ||
[1] | Balances at 1 January 2018 have been prepared in accordance with accounting policies referred to on page 263. 31 December 2017 balances have not been re-presented. Information regarding the effects of adoption of IFRS 9 can be found in Note 37. | |||
[2] | Balances at 1 January 2018 have been prepared in accordance with accounting policies referred to on page 263. 31 December 2017 balances have not been re-presented. Information regarding the effects of adoption of IFRS 9 can be found in Note 37. |
Derivatives - Unamortised bala
Derivatives - Unamortised balance of derivatives valued using models with significant unobservable inputs (Details) - USD ($) $ in Millions | 12 Months Ended | |
Dec. 31, 2018 | Dec. 31, 2017 | |
Reconciliation of aggregate difference between fair value at initial recognition and transaction price yet to be recognised in profit or loss [abstract] | ||
Unamortised balance at beginning of period | $ 106 | $ 99 |
Deferral on new transactions | 161 | 191 |
Recognised in the income statement during the year: | (158) | (187) |
– amortisation | (96) | (85) |
– subsequent to unobservable inputs becoming observable | (2) | (2) |
– maturity, termination or offsetting derivative | (60) | (100) |
Exchange differences | (4) | 10 |
Other | (19) | (7) |
Unamortised balance at end of period | $ 86 | $ 106 |
Derivatives - Fair value hedge
Derivatives - Fair value hedges - Hedging instrument by hedged risk (Details) - USD ($) $ in Millions | 12 Months Ended | |
Dec. 31, 2018 | Dec. 31, 2017 | |
Disclosure of detailed information about hedging instruments [line items] | ||
Carrying amount, assets | $ 1,538 | $ 1,793 |
Carrying amount, liabilities | 2,914 | 3,895 |
Fair value hedges | ||
Disclosure of detailed information about hedging instruments [line items] | ||
Notional amount | 123,551 | |
Carrying amount, assets | 915 | |
Carrying amount, liabilities | 2,123 | |
Change in fair value | 283 | |
Interest rate | ||
Disclosure of detailed information about hedging instruments [line items] | ||
Carrying amount, assets | 1,080 | 1,365 |
Carrying amount, liabilities | 2,261 | 3,042 |
HSBC Holdings | Fair value hedges | ||
Disclosure of detailed information about hedging instruments [line items] | ||
Notional amount | 39,538 | |
Carrying amount, assets | 217 | 436 |
Carrying amount, liabilities | 993 | 1,074 |
Change in fair value | $ (231) | |
Weighted average rate of hedging instrument | 1.34% | |
HSBC Holdings | Interest rate | Fair value hedges | ||
Disclosure of detailed information about hedging instruments [line items] | ||
Carrying amount, assets | $ 217 | 436 |
Carrying amount, liabilities | 838 | $ 964 |
Derivatives | Interest rate | Fair value hedges | ||
Disclosure of detailed information about hedging instruments [line items] | ||
Notional amount | 123,551 | |
Carrying amount, assets | 915 | |
Carrying amount, liabilities | 2,123 | |
Change in fair value | 283 | |
Derivatives | HSBC Holdings | Interest rate | Fair value hedges | ||
Disclosure of detailed information about hedging instruments [line items] | ||
Notional amount | 39,538 | |
Carrying amount, assets | 217 | |
Carrying amount, liabilities | 993 | |
Change in fair value | $ (231) |
Derivatives - Fair value hed_2
Derivatives - Fair value hedges - Hedged item by hedged risk (Details) - Interest rate - Fair value hedges | 12 Months Ended |
Dec. 31, 2018USD ($) | |
Disclosure of detailed information about hedged items [line items] | |
Carrying amount, assets | $ 94,924,000,000 |
Carrying amount, liabilities | 18,951,000,000 |
Accumulated fair value hedge adjustments included in carrying amount, assets | 225,000,000 |
Accumulated fair value hedge adjustments included in carrying amount, liabilities | (110,000,000) |
Change in fair value | (320,000,000) |
Gain (loss) on hedge ineffectiveness recognised in profit or loss | (37,000,000) |
Financial assets designated and otherwise mandatorily measured at fair value through profit or loss | |
Disclosure of detailed information about hedged items [line items] | |
Carrying amount, assets | 93,469,000,000 |
Accumulated fair value hedge adjustments included in carrying amount, assets | 231,000,000 |
Change in fair value | (425,000,000) |
Accumulated fair value hedge adjustment remaining in statement of financial position for hedged item that ceased to be adjusted for hedging gains and losses, assets | 93,000,000 |
Loans and advances to customers | |
Disclosure of detailed information about hedged items [line items] | |
Carrying amount, assets | 1,455,000,000 |
Accumulated fair value hedge adjustments included in carrying amount, assets | (6,000,000) |
Change in fair value | (4,000,000) |
Debt securities | |
Disclosure of detailed information about hedged items [line items] | |
Carrying amount, liabilities | 14,171,000,000 |
Accumulated fair value hedge adjustments included in carrying amount, liabilities | (155,000,000) |
Change in fair value | 124,000,000 |
Accumulated fair value hedge adjustment remaining in statement of financial position for hedged item that ceased to be adjusted for hedging gains and losses, liabilities | 19,000,000 |
Deposits by banks | |
Disclosure of detailed information about hedged items [line items] | |
Carrying amount, liabilities | 4,780,000,000 |
Accumulated fair value hedge adjustments included in carrying amount, liabilities | 45,000,000 |
Change in fair value | (15,000,000) |
HSBC Holdings | |
Disclosure of detailed information about hedged items [line items] | |
Carrying amount, assets | 4,620,000,000 |
Carrying amount, liabilities | 33,874,000,000 |
Accumulated fair value hedge adjustments included in carrying amount, assets | 29,000,000 |
Accumulated fair value hedge adjustments included in carrying amount, liabilities | (763,000,000) |
Change in fair value | 229,000,000 |
HSBC Holdings | Loans and advances to banks | |
Disclosure of detailed information about hedged items [line items] | |
Carrying amount, assets | 4,620,000,000 |
Accumulated fair value hedge adjustments included in carrying amount, assets | 29,000,000 |
Change in fair value | 38,000,000 |
Gain (loss) on hedge ineffectiveness recognised in profit or loss | (2,000,000) |
HSBC Holdings | Debt securities | |
Disclosure of detailed information about hedged items [line items] | |
Carrying amount, liabilities | 33,874,000,000 |
Accumulated fair value hedge adjustments included in carrying amount, liabilities | (763,000,000) |
Change in fair value | 191,000,000 |
Accumulated fair value hedge adjustment remaining in statement of financial position for hedged item that ceased to be adjusted for hedging gains and losses, liabilities | $ 80,000,000 |
Derivatives - Cash flow hedges
Derivatives - Cash flow hedges - Hedging instrument by hedged risk (Details) - USD ($) $ in Millions | 12 Months Ended | |
Dec. 31, 2018 | Dec. 31, 2017 | |
Disclosure of detailed information about hedging instruments [line items] | ||
Carrying amount, assets | $ 1,538 | $ 1,793 |
Carrying amount, liabilities | 2,914 | 3,895 |
Cash flow hedges | ||
Disclosure of detailed information about hedging instruments [line items] | ||
Notional amount | 64,674 | |
Carrying amount, assets | 460 | |
Carrying amount, liabilities | 791 | |
Change in fair value of hedging instrument | (275) | |
Change in fair value of hedged item | (267) | |
Gain (loss) on hedge ineffectiveness recognised in profit or loss | (8) | |
Foreign currency | ||
Disclosure of detailed information about hedging instruments [line items] | ||
Carrying amount, assets | 458 | 428 |
Carrying amount, liabilities | 653 | 853 |
Interest rate | ||
Disclosure of detailed information about hedging instruments [line items] | ||
Carrying amount, assets | 1,080 | 1,365 |
Carrying amount, liabilities | 2,261 | $ 3,042 |
Derivatives | Foreign currency | Cash flow hedges | ||
Disclosure of detailed information about hedging instruments [line items] | ||
Notional amount | 24,954 | |
Carrying amount, assets | 295 | |
Carrying amount, liabilities | 653 | |
Change in fair value of hedging instrument | (198) | |
Change in fair value of hedged item | (200) | |
Gain (loss) on hedge ineffectiveness recognised in profit or loss | 2 | |
Derivatives | Interest rate | Cash flow hedges | ||
Disclosure of detailed information about hedging instruments [line items] | ||
Notional amount | 39,720 | |
Carrying amount, assets | 165 | |
Carrying amount, liabilities | 138 | |
Change in fair value of hedging instrument | (77) | |
Change in fair value of hedged item | (67) | |
Gain (loss) on hedge ineffectiveness recognised in profit or loss | $ (10) |
Derivatives - Cash flow hedg_2
Derivatives - Cash flow hedges - Reconciliation of equity and analysis of other comprehensive income by risk type (Details) - USD ($) $ in Millions | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Changes in reserve of cash flow hedges, continuing hedges [Roll Forward] | |||
– fair value losses | $ (267) | $ (1,046) | $ (297) |
Income taxes | (31) | 21 | $ 34 |
Interest rate | Cash flow hedges | |||
Changes in reserve of cash flow hedges, continuing hedges [Roll Forward] | |||
Cash flow hedging reserve, beginning balance | (40) | ||
– fair value losses | (67) | ||
Hedged items that have affected profit or loss | 90 | ||
Income taxes | (11) | ||
Others | 2 | ||
Cash flow hedging reserve, beginning balance | (26) | (40) | |
Foreign currency | Cash flow hedges | |||
Changes in reserve of cash flow hedges, continuing hedges [Roll Forward] | |||
Cash flow hedging reserve, beginning balance | (187) | ||
– fair value losses | (200) | ||
Hedged items that have affected profit or loss | 227 | ||
Income taxes | (13) | ||
Others | (9) | ||
Cash flow hedging reserve, beginning balance | $ (182) | $ (187) |
Derivatives - Hedges of net in
Derivatives - Hedges of net investments in foreign operations (Details) - USD ($) | 12 Months Ended | |
Dec. 31, 2018 | Dec. 31, 2017 | |
Disclosure of detailed information about hedging instruments [line items] | ||
Fair value of hedging assets | $ 1,538,000,000 | $ 1,793,000,000 |
Fair value of hedging liabilities | 2,914,000,000 | 3,895,000,000 |
Gains (losses) on ineffectiveness of hedges of net investments in foreign operations recognised in profit or loss | 0 | 0 |
Hedges of net investment in foreign operations | ||
Disclosure of detailed information about hedging instruments [line items] | ||
Fair value of hedging assets | 163,000,000 | 4,000,000 |
Fair value of hedging liabilities | 0 | 71,000,000 |
Notional amount | $ 5,000,000,000 | $ 5,000,000,000 |
Financial Investments - Carryi
Financial Investments - Carrying amount of financial investments (Details) - USD ($) $ in Millions | Dec. 31, 2018 | Dec. 31, 2017 |
Disclosure of financial assets [line items] | ||
Financial assets | $ 2,471,203 | $ 2,433,785 |
Financial assets, at fair value | 406,647 | 390,243 |
Debt securities | ||
Disclosure of financial assets [line items] | ||
Financial assets | 62,666 | 52,919 |
Equity securities | ||
Disclosure of financial assets [line items] | ||
Financial assets, at fair value | 1,657 | 3,917 |
Financial investments | ||
Disclosure of financial assets [line items] | ||
Financial assets | 407,433 | |
Financial investments | Debt securities | ||
Disclosure of financial assets [line items] | ||
Financial assets | 308,358 | |
Financial investments measured at fair value through other comprehensive income | ||
Disclosure of financial assets [line items] | ||
Financial assets | 344,767 | |
Financial investments measured at fair value through other comprehensive income | Treasury and other eligible bills | ||
Disclosure of financial assets [line items] | ||
Financial assets | 96,642 | |
Financial investments measured at fair value through other comprehensive income | Debt securities | ||
Disclosure of financial assets [line items] | ||
Financial assets | 246,371 | |
Financial investments measured at fair value through other comprehensive income | Equity securities | ||
Disclosure of financial assets [line items] | ||
Financial assets | 1,657 | |
Financial investments measured at fair value through other comprehensive income | Other instruments | ||
Disclosure of financial assets [line items] | ||
Financial assets | 97 | |
Debt instruments measured at amortised cost | ||
Disclosure of financial assets [line items] | ||
Financial assets | 62,666 | |
Debt instruments measured at amortised cost | Treasury and other eligible bills | ||
Disclosure of financial assets [line items] | ||
Financial assets | 679 | |
Debt instruments measured at amortised cost | Debt securities | ||
Disclosure of financial assets [line items] | ||
Financial assets | 61,987 | |
Financial assets, at fair value | $ 62,100 | |
Financial investments | ||
Disclosure of financial assets [line items] | ||
Financial assets | 389,076 | |
Financial investments | Debt securities | ||
Disclosure of financial assets [line items] | ||
Financial assets | 306,308 | |
Available-for-sale | ||
Disclosure of financial assets [line items] | ||
Financial assets | 336,157 | |
Available-for-sale | Treasury and other eligible bills | ||
Disclosure of financial assets [line items] | ||
Financial assets | 78,851 | |
Available-for-sale | Debt securities | ||
Disclosure of financial assets [line items] | ||
Financial assets | 253,389 | |
Available-for-sale | Equity securities | ||
Disclosure of financial assets [line items] | ||
Financial assets | 3,917 | |
Held to maturity | ||
Disclosure of financial assets [line items] | ||
Financial assets | 52,919 | |
Held to maturity | Debt securities | ||
Disclosure of financial assets [line items] | ||
Financial assets | 52,919 | |
Financial assets, at fair value | $ 54,100 |
Financial Investments - Equity
Financial Investments - Equity instruments measured at fair value through other comprehensive income (Details) $ in Millions | 12 Months Ended |
Dec. 31, 2018USD ($) | |
Disclosure of fair value of investments in equity instruments designated at fair value through other comprehensive income [line items] | |
Fair value of equity instruments held at year end | $ 1,657 |
Dividends recognised for equity instruments held at year end | 64 |
Investments required by central institutions | |
Disclosure of fair value of investments in equity instruments designated at fair value through other comprehensive income [line items] | |
Fair value of equity instruments held at year end | 848 |
Dividends recognised for equity instruments held at year end | 34 |
Business facilitation | |
Disclosure of fair value of investments in equity instruments designated at fair value through other comprehensive income [line items] | |
Fair value of equity instruments held at year end | 758 |
Dividends recognised for equity instruments held at year end | 21 |
Others | |
Disclosure of fair value of investments in equity instruments designated at fair value through other comprehensive income [line items] | |
Fair value of equity instruments held at year end | 51 |
Dividends recognised for equity instruments held at year end | $ 9 |
Financial Investments - Financ
Financial Investments - Financial investments at amortised cost and fair value (Details) - USD ($) $ in Millions | Dec. 31, 2018 | Dec. 31, 2017 |
Disclosure of financial assets [line items] | ||
Amortised cost | $ 404,111 | $ 384,280 |
Fair value | 406,647 | 390,243 |
US Treasury | ||
Disclosure of financial assets [line items] | ||
Amortised cost | 54,941 | 41,427 |
Fair value | 54,763 | 41,274 |
US Government agencies | ||
Disclosure of financial assets [line items] | ||
Amortised cost | 21,058 | 18,691 |
Fair value | 20,580 | 18,494 |
US Government-sponsored entities | ||
Disclosure of financial assets [line items] | ||
Amortised cost | 12,867 | 10,998 |
Fair value | 12,701 | 11,033 |
UK Government | ||
Disclosure of financial assets [line items] | ||
Amortised cost | 20,576 | 17,817 |
Fair value | 21,083 | 18,538 |
Hong Kong Government | ||
Disclosure of financial assets [line items] | ||
Amortised cost | 49,956 | 52,269 |
Fair value | 49,955 | 52,252 |
Other governments | ||
Disclosure of financial assets [line items] | ||
Amortised cost | 142,495 | 134,766 |
Fair value | 144,099 | 136,414 |
Asset-backed securities | ||
Disclosure of financial assets [line items] | ||
Amortised cost | 3,579 | 6,187 |
Fair value | 3,390 | 5,781 |
Corporate debt and other securities | ||
Disclosure of financial assets [line items] | ||
Amortised cost | 97,286 | 99,136 |
Fair value | 98,419 | 102,540 |
Equities | ||
Disclosure of financial assets [line items] | ||
Amortised cost | 1,353 | 2,989 |
Fair value | 1,657 | 3,917 |
Debt securities issued by banks and other financial institutions | ||
Disclosure of financial assets [line items] | ||
Fair value | 56,000 | 67,000 |
Debt securities issued by banks and other financial institutions, guaranteed by governments | ||
Disclosure of financial assets [line items] | ||
Fair value | $ 8,000 | $ 15,000 |
Financial Investments - Maturi
Financial Investments - Maturities of investments in debt securities at their carrying amount (Details) - USD ($) $ in Millions | Dec. 31, 2018 | Dec. 31, 2017 |
Disclosure of financial assets [line items] | ||
Financial assets | $ 2,471,203 | $ 2,433,785 |
Debt securities | ||
Disclosure of financial assets [line items] | ||
Financial assets | 62,666 | 52,919 |
Financial investments | ||
Disclosure of financial assets [line items] | ||
Financial assets | 407,433 | |
Financial investments | Debt securities | ||
Disclosure of financial assets [line items] | ||
Financial assets | 308,358 | |
Financial investments | Up to 1 year | Debt securities | ||
Disclosure of financial assets [line items] | ||
Financial assets | 64,117 | |
Financial investments | 1 to 5 years | Debt securities | ||
Disclosure of financial assets [line items] | ||
Financial assets | 134,161 | |
Financial investments | 5 to 10 years | Debt securities | ||
Disclosure of financial assets [line items] | ||
Financial assets | 52,259 | |
Financial investments | Over 10 years | Debt securities | ||
Disclosure of financial assets [line items] | ||
Financial assets | 57,821 | |
Financial investments measured at fair value through other comprehensive income | ||
Disclosure of financial assets [line items] | ||
Financial assets | 344,767 | |
Financial investments measured at fair value through other comprehensive income | Debt securities | ||
Disclosure of financial assets [line items] | ||
Financial assets | 246,371 | |
Financial investments measured at fair value through other comprehensive income | Up to 1 year | Debt securities | ||
Disclosure of financial assets [line items] | ||
Financial assets | 61,598 | |
Financial investments measured at fair value through other comprehensive income | 1 to 5 years | Debt securities | ||
Disclosure of financial assets [line items] | ||
Financial assets | 124,075 | |
Financial investments measured at fair value through other comprehensive income | 5 to 10 years | Debt securities | ||
Disclosure of financial assets [line items] | ||
Financial assets | 36,194 | |
Financial investments measured at fair value through other comprehensive income | Over 10 years | Debt securities | ||
Disclosure of financial assets [line items] | ||
Financial assets | 24,504 | |
Debt instruments measured at amortised cost | ||
Disclosure of financial assets [line items] | ||
Financial assets | 62,666 | |
Debt instruments measured at amortised cost | Debt securities | ||
Disclosure of financial assets [line items] | ||
Financial assets | 61,987 | |
Debt instruments measured at amortised cost | Up to 1 year | Debt securities | ||
Disclosure of financial assets [line items] | ||
Financial assets | 2,519 | |
Debt instruments measured at amortised cost | 1 to 5 years | Debt securities | ||
Disclosure of financial assets [line items] | ||
Financial assets | 10,086 | |
Debt instruments measured at amortised cost | 5 to 10 years | Debt securities | ||
Disclosure of financial assets [line items] | ||
Financial assets | 16,065 | |
Debt instruments measured at amortised cost | Over 10 years | Debt securities | ||
Disclosure of financial assets [line items] | ||
Financial assets | $ 33,317 | |
Financial investments | ||
Disclosure of financial assets [line items] | ||
Financial assets | 389,076 | |
Financial investments | Debt securities | ||
Disclosure of financial assets [line items] | ||
Financial assets | 306,308 | |
Financial investments | Up to 1 year | Debt securities | ||
Disclosure of financial assets [line items] | ||
Financial assets | 67,627 | |
Financial investments | 1 to 5 years | Debt securities | ||
Disclosure of financial assets [line items] | ||
Financial assets | 131,519 | |
Financial investments | 5 to 10 years | Debt securities | ||
Disclosure of financial assets [line items] | ||
Financial assets | 50,774 | |
Financial investments | Over 10 years | Debt securities | ||
Disclosure of financial assets [line items] | ||
Financial assets | 56,388 | |
Available-for-sale | ||
Disclosure of financial assets [line items] | ||
Financial assets | 336,157 | |
Available-for-sale | Debt securities | ||
Disclosure of financial assets [line items] | ||
Financial assets | 253,389 | |
Available-for-sale | Up to 1 year | Debt securities | ||
Disclosure of financial assets [line items] | ||
Financial assets | 63,896 | |
Available-for-sale | 1 to 5 years | Debt securities | ||
Disclosure of financial assets [line items] | ||
Financial assets | 122,113 | |
Available-for-sale | 5 to 10 years | Debt securities | ||
Disclosure of financial assets [line items] | ||
Financial assets | 37,292 | |
Available-for-sale | Over 10 years | Debt securities | ||
Disclosure of financial assets [line items] | ||
Financial assets | 30,088 | |
Held to maturity | ||
Disclosure of financial assets [line items] | ||
Financial assets | 52,919 | |
Held to maturity | Debt securities | ||
Disclosure of financial assets [line items] | ||
Financial assets | 52,919 | |
Held to maturity | Up to 1 year | Debt securities | ||
Disclosure of financial assets [line items] | ||
Financial assets | 3,731 | |
Held to maturity | 1 to 5 years | Debt securities | ||
Disclosure of financial assets [line items] | ||
Financial assets | 9,406 | |
Held to maturity | 5 to 10 years | Debt securities | ||
Disclosure of financial assets [line items] | ||
Financial assets | 13,482 | |
Held to maturity | Over 10 years | Debt securities | ||
Disclosure of financial assets [line items] | ||
Financial assets | $ 26,300 |
Financial Investments - Contra
Financial Investments - Contractual maturities and weighted average yields of investment debt securities (Details) - USD ($) $ in Millions | Dec. 31, 2018 | Dec. 31, 2017 |
Disclosure of financial assets [line items] | ||
Amortised cost | $ 404,111 | $ 384,280 |
Financial assets | 2,471,203 | 2,433,785 |
Financial investments measured at fair value through other comprehensive income | ||
Disclosure of financial assets [line items] | ||
Financial assets | 344,767 | |
Debt instruments measured at amortised cost | ||
Disclosure of financial assets [line items] | ||
Financial assets | 62,666 | |
Debt securities | ||
Disclosure of financial assets [line items] | ||
Financial assets | 62,666 | 52,919 |
Debt securities | Financial investments measured at fair value through other comprehensive income | ||
Disclosure of financial assets [line items] | ||
Financial assets | 246,371 | |
Debt securities | Debt instruments measured at amortised cost | ||
Disclosure of financial assets [line items] | ||
Financial assets | 61,987 | |
US Treasury | ||
Disclosure of financial assets [line items] | ||
Amortised cost | 54,941 | 41,427 |
US Government agencies | ||
Disclosure of financial assets [line items] | ||
Amortised cost | 21,058 | 18,691 |
US Government-sponsored entities | ||
Disclosure of financial assets [line items] | ||
Amortised cost | 12,867 | 10,998 |
UK Government | ||
Disclosure of financial assets [line items] | ||
Amortised cost | 20,576 | 17,817 |
Hong Kong Government | ||
Disclosure of financial assets [line items] | ||
Amortised cost | 49,956 | 52,269 |
Other governments | ||
Disclosure of financial assets [line items] | ||
Amortised cost | 142,495 | 134,766 |
Asset-backed securities | ||
Disclosure of financial assets [line items] | ||
Amortised cost | 3,579 | 6,187 |
Corporate debt and other securities | ||
Disclosure of financial assets [line items] | ||
Amortised cost | 97,286 | $ 99,136 |
Up to 1 year | Debt securities | Financial investments measured at fair value through other comprehensive income | ||
Disclosure of financial assets [line items] | ||
Amortised cost | 61,338 | |
Financial assets | 61,598 | |
Up to 1 year | Debt securities | Debt instruments measured at amortised cost | ||
Disclosure of financial assets [line items] | ||
Amortised cost | 2,519 | |
Financial assets | 2,519 | |
Up to 1 year | US Treasury | Financial investments measured at fair value through other comprehensive income | ||
Disclosure of financial assets [line items] | ||
Amortised cost | $ 947 | |
Yield | 1.60% | |
Up to 1 year | US Treasury | Debt instruments measured at amortised cost | ||
Disclosure of financial assets [line items] | ||
Amortised cost | $ 34 | |
Yield | 4.20% | |
Up to 1 year | US Government agencies | Financial investments measured at fair value through other comprehensive income | ||
Disclosure of financial assets [line items] | ||
Amortised cost | $ 0 | |
Yield | 0.00% | |
Up to 1 year | US Government agencies | Debt instruments measured at amortised cost | ||
Disclosure of financial assets [line items] | ||
Amortised cost | $ 0 | |
Yield | 0.00% | |
Up to 1 year | US Government-sponsored entities | Financial investments measured at fair value through other comprehensive income | ||
Disclosure of financial assets [line items] | ||
Amortised cost | $ 1,361 | |
Yield | 3.20% | |
Up to 1 year | US Government-sponsored entities | Debt instruments measured at amortised cost | ||
Disclosure of financial assets [line items] | ||
Amortised cost | $ 50 | |
Yield | 2.20% | |
Up to 1 year | UK Government | Financial investments measured at fair value through other comprehensive income | ||
Disclosure of financial assets [line items] | ||
Amortised cost | $ 856 | |
Yield | 0.90% | |
Up to 1 year | Hong Kong Government | Financial investments measured at fair value through other comprehensive income | ||
Disclosure of financial assets [line items] | ||
Amortised cost | $ 456 | |
Yield | 1.30% | |
Up to 1 year | Hong Kong Government | Debt instruments measured at amortised cost | ||
Disclosure of financial assets [line items] | ||
Amortised cost | $ 8 | |
Yield | 4.90% | |
Up to 1 year | Other governments | Financial investments measured at fair value through other comprehensive income | ||
Disclosure of financial assets [line items] | ||
Amortised cost | $ 45,390 | |
Yield | 1.50% | |
Up to 1 year | Other governments | Debt instruments measured at amortised cost | ||
Disclosure of financial assets [line items] | ||
Amortised cost | $ 329 | |
Yield | 1.80% | |
Up to 1 year | Asset-backed securities | Financial investments measured at fair value through other comprehensive income | ||
Disclosure of financial assets [line items] | ||
Amortised cost | $ 16 | |
Yield | 5.90% | |
Up to 1 year | Asset-backed securities | Debt instruments measured at amortised cost | ||
Disclosure of financial assets [line items] | ||
Amortised cost | $ 0 | |
Yield | 0.00% | |
Up to 1 year | Corporate debt and other securities | Financial investments measured at fair value through other comprehensive income | ||
Disclosure of financial assets [line items] | ||
Amortised cost | $ 12,312 | |
Yield | 1.80% | |
Up to 1 year | Corporate debt and other securities | Debt instruments measured at amortised cost | ||
Disclosure of financial assets [line items] | ||
Amortised cost | $ 2,098 | |
Yield | 3.20% | |
1 to 5 years | Debt securities | Financial investments measured at fair value through other comprehensive income | ||
Disclosure of financial assets [line items] | ||
Amortised cost | $ 122,568 | |
Financial assets | 124,075 | |
1 to 5 years | Debt securities | Debt instruments measured at amortised cost | ||
Disclosure of financial assets [line items] | ||
Amortised cost | 10,086 | |
Financial assets | 10,086 | |
1 to 5 years | US Treasury | Financial investments measured at fair value through other comprehensive income | ||
Disclosure of financial assets [line items] | ||
Amortised cost | $ 33,220 | |
Yield | 2.10% | |
1 to 5 years | US Treasury | Debt instruments measured at amortised cost | ||
Disclosure of financial assets [line items] | ||
Amortised cost | $ 53 | |
Yield | 4.80% | |
1 to 5 years | US Government agencies | Financial investments measured at fair value through other comprehensive income | ||
Disclosure of financial assets [line items] | ||
Amortised cost | $ 74 | |
Yield | 2.10% | |
1 to 5 years | US Government agencies | Debt instruments measured at amortised cost | ||
Disclosure of financial assets [line items] | ||
Amortised cost | $ 18 | |
Yield | 3.90% | |
1 to 5 years | US Government-sponsored entities | Financial investments measured at fair value through other comprehensive income | ||
Disclosure of financial assets [line items] | ||
Amortised cost | $ 1,268 | |
Yield | 2.60% | |
1 to 5 years | US Government-sponsored entities | Debt instruments measured at amortised cost | ||
Disclosure of financial assets [line items] | ||
Amortised cost | $ 389 | |
Yield | 2.70% | |
1 to 5 years | UK Government | Financial investments measured at fair value through other comprehensive income | ||
Disclosure of financial assets [line items] | ||
Amortised cost | $ 5,988 | |
Yield | 1.10% | |
1 to 5 years | Hong Kong Government | Financial investments measured at fair value through other comprehensive income | ||
Disclosure of financial assets [line items] | ||
Amortised cost | $ 551 | |
Yield | 1.30% | |
1 to 5 years | Hong Kong Government | Debt instruments measured at amortised cost | ||
Disclosure of financial assets [line items] | ||
Amortised cost | $ 24 | |
Yield | 1.60% | |
1 to 5 years | Other governments | Financial investments measured at fair value through other comprehensive income | ||
Disclosure of financial assets [line items] | ||
Amortised cost | $ 48,549 | |
Yield | 2.80% | |
1 to 5 years | Other governments | Debt instruments measured at amortised cost | ||
Disclosure of financial assets [line items] | ||
Amortised cost | $ 470 | |
Yield | 2.60% | |
1 to 5 years | Asset-backed securities | Financial investments measured at fair value through other comprehensive income | ||
Disclosure of financial assets [line items] | ||
Amortised cost | $ 25 | |
Yield | 0.00% | |
1 to 5 years | Asset-backed securities | Debt instruments measured at amortised cost | ||
Disclosure of financial assets [line items] | ||
Amortised cost | $ 0 | |
Yield | 0.00% | |
1 to 5 years | Corporate debt and other securities | Financial investments measured at fair value through other comprehensive income | ||
Disclosure of financial assets [line items] | ||
Amortised cost | $ 32,893 | |
Yield | 2.00% | |
1 to 5 years | Corporate debt and other securities | Debt instruments measured at amortised cost | ||
Disclosure of financial assets [line items] | ||
Amortised cost | $ 9,132 | |
Yield | 3.40% | |
5 to 10 years | Debt securities | Financial investments measured at fair value through other comprehensive income | ||
Disclosure of financial assets [line items] | ||
Amortised cost | $ 35,826 | |
Financial assets | 36,194 | |
5 to 10 years | Debt securities | Debt instruments measured at amortised cost | ||
Disclosure of financial assets [line items] | ||
Amortised cost | 16,065 | |
Financial assets | 16,065 | |
5 to 10 years | US Treasury | Financial investments measured at fair value through other comprehensive income | ||
Disclosure of financial assets [line items] | ||
Amortised cost | $ 14,396 | |
Yield | 2.30% | |
5 to 10 years | US Treasury | Debt instruments measured at amortised cost | ||
Disclosure of financial assets [line items] | ||
Amortised cost | $ 1 | |
Yield | 1.00% | |
5 to 10 years | US Government agencies | Financial investments measured at fair value through other comprehensive income | ||
Disclosure of financial assets [line items] | ||
Amortised cost | $ 10 | |
Yield | 3.80% | |
5 to 10 years | US Government agencies | Debt instruments measured at amortised cost | ||
Disclosure of financial assets [line items] | ||
Amortised cost | $ 26 | |
Yield | 3.60% | |
5 to 10 years | US Government-sponsored entities | Financial investments measured at fair value through other comprehensive income | ||
Disclosure of financial assets [line items] | ||
Amortised cost | $ 2,240 | |
Yield | 2.80% | |
5 to 10 years | US Government-sponsored entities | Debt instruments measured at amortised cost | ||
Disclosure of financial assets [line items] | ||
Amortised cost | $ 163 | |
Yield | 2.60% | |
5 to 10 years | UK Government | Financial investments measured at fair value through other comprehensive income | ||
Disclosure of financial assets [line items] | ||
Amortised cost | $ 5,472 | |
Yield | 0.60% | |
5 to 10 years | Hong Kong Government | Financial investments measured at fair value through other comprehensive income | ||
Disclosure of financial assets [line items] | ||
Amortised cost | $ 63 | |
Yield | 3.00% | |
5 to 10 years | Hong Kong Government | Debt instruments measured at amortised cost | ||
Disclosure of financial assets [line items] | ||
Amortised cost | $ 9 | |
Yield | 1.30% | |
5 to 10 years | Other governments | Financial investments measured at fair value through other comprehensive income | ||
Disclosure of financial assets [line items] | ||
Amortised cost | $ 8,701 | |
Yield | 2.30% | |
5 to 10 years | Other governments | Debt instruments measured at amortised cost | ||
Disclosure of financial assets [line items] | ||
Amortised cost | $ 451 | |
Yield | 2.90% | |
5 to 10 years | Asset-backed securities | Financial investments measured at fair value through other comprehensive income | ||
Disclosure of financial assets [line items] | ||
Amortised cost | $ 381 | |
Yield | 2.70% | |
5 to 10 years | Asset-backed securities | Debt instruments measured at amortised cost | ||
Disclosure of financial assets [line items] | ||
Amortised cost | $ 0 | |
Yield | 0.00% | |
5 to 10 years | Corporate debt and other securities | Financial investments measured at fair value through other comprehensive income | ||
Disclosure of financial assets [line items] | ||
Amortised cost | $ 4,563 | |
Yield | 2.30% | |
5 to 10 years | Corporate debt and other securities | Debt instruments measured at amortised cost | ||
Disclosure of financial assets [line items] | ||
Amortised cost | $ 15,415 | |
Yield | 3.40% | |
Over 10 years | Debt securities | Financial investments measured at fair value through other comprehensive income | ||
Disclosure of financial assets [line items] | ||
Amortised cost | $ 24,470 | |
Financial assets | 24,504 | |
Over 10 years | Debt securities | Debt instruments measured at amortised cost | ||
Disclosure of financial assets [line items] | ||
Amortised cost | 33,317 | |
Financial assets | 33,317 | |
Over 10 years | US Treasury | Financial investments measured at fair value through other comprehensive income | ||
Disclosure of financial assets [line items] | ||
Amortised cost | $ 2,376 | |
Yield | 3.10% | |
Over 10 years | US Treasury | Debt instruments measured at amortised cost | ||
Disclosure of financial assets [line items] | ||
Amortised cost | $ 152 | |
Yield | 4.00% | |
Over 10 years | US Government agencies | Financial investments measured at fair value through other comprehensive income | ||
Disclosure of financial assets [line items] | ||
Amortised cost | $ 9,707 | |
Yield | 2.90% | |
Over 10 years | US Government agencies | Debt instruments measured at amortised cost | ||
Disclosure of financial assets [line items] | ||
Amortised cost | $ 11,025 | |
Yield | 2.60% | |
Over 10 years | US Government-sponsored entities | Financial investments measured at fair value through other comprehensive income | ||
Disclosure of financial assets [line items] | ||
Amortised cost | $ 4,309 | |
Yield | 3.20% | |
Over 10 years | US Government-sponsored entities | Debt instruments measured at amortised cost | ||
Disclosure of financial assets [line items] | ||
Amortised cost | $ 3,087 | |
Yield | 3.00% | |
Over 10 years | UK Government | Financial investments measured at fair value through other comprehensive income | ||
Disclosure of financial assets [line items] | ||
Amortised cost | $ 859 | |
Yield | 4.40% | |
Over 10 years | Hong Kong Government | Financial investments measured at fair value through other comprehensive income | ||
Disclosure of financial assets [line items] | ||
Amortised cost | $ 0 | |
Yield | 0.00% | |
Over 10 years | Hong Kong Government | Debt instruments measured at amortised cost | ||
Disclosure of financial assets [line items] | ||
Amortised cost | $ 7 | |
Yield | 1.50% | |
Over 10 years | Other governments | Financial investments measured at fair value through other comprehensive income | ||
Disclosure of financial assets [line items] | ||
Amortised cost | $ 1,489 | |
Yield | 2.60% | |
Over 10 years | Other governments | Debt instruments measured at amortised cost | ||
Disclosure of financial assets [line items] | ||
Amortised cost | $ 744 | |
Yield | 4.10% | |
Over 10 years | Asset-backed securities | Financial investments measured at fair value through other comprehensive income | ||
Disclosure of financial assets [line items] | ||
Amortised cost | $ 3,156 | |
Yield | 2.10% | |
Over 10 years | Asset-backed securities | Debt instruments measured at amortised cost | ||
Disclosure of financial assets [line items] | ||
Amortised cost | $ 2 | |
Yield | 7.40% | |
Over 10 years | Corporate debt and other securities | Financial investments measured at fair value through other comprehensive income | ||
Disclosure of financial assets [line items] | ||
Amortised cost | $ 2,574 | |
Yield | 3.10% | |
Over 10 years | Corporate debt and other securities | Debt instruments measured at amortised cost | ||
Disclosure of financial assets [line items] | ||
Amortised cost | $ 18,300 | |
Yield | 3.60% |
Assets pledged, collateral re_3
Assets pledged, collateral received and assets transferred - Assets pledged and collateral received (Details) - USD ($) $ in Millions | Dec. 31, 2018 | Dec. 31, 2017 |
Disclosure of financial assets [line items] | ||
Financial assets pledged as collateral | $ 215,028 | $ 225,234 |
Financial assets pledged as collateral which the counterparty has the right to sell or repledge | 91,862 | 83,698 |
Assets accepted as collateral that can be sold or repledged in the absence of default | 482,818 | 387,678 |
Assets accepted as collateral and sold or repledged | 350,848 | 243,531 |
Trading assets | ||
Disclosure of financial assets [line items] | ||
Financial assets pledged as collateral which the counterparty has the right to sell or repledge | 76,121 | 70,117 |
Financial investments | ||
Disclosure of financial assets [line items] | ||
Financial assets pledged as collateral which the counterparty has the right to sell or repledge | 15,741 | |
Financial investments | ||
Disclosure of financial assets [line items] | ||
Financial assets pledged as collateral which the counterparty has the right to sell or repledge | 13,581 | |
Treasury and other eligible bills | ||
Disclosure of financial assets [line items] | ||
Financial assets pledged as collateral | 11,470 | 10,183 |
Loans and advances to banks | ||
Disclosure of financial assets [line items] | ||
Financial assets pledged as collateral | 151 | 14,518 |
Loans and advances to customers | ||
Disclosure of financial assets [line items] | ||
Financial assets pledged as collateral | 51,659 | 68,336 |
Debt securities | ||
Disclosure of financial assets [line items] | ||
Financial assets pledged as collateral | 95,210 | 96,245 |
Equity securities | ||
Disclosure of financial assets [line items] | ||
Financial assets pledged as collateral | 22,510 | 33,209 |
Other | ||
Disclosure of financial assets [line items] | ||
Financial assets pledged as collateral | $ 34,028 | $ 2,743 |
Assets pledged, collateral re_4
Assets pledged, collateral received and assets transferred - Transferred financial assets not qualifying for full derecognition and associated financial liabilities (Details) - USD ($) $ in Millions | Dec. 31, 2018 | Dec. 31, 2017 |
Repurchase agreements | ||
Disclosure of transferred financial assets that are not derecognised in their entirety [line items] | ||
Carrying amount of transferred assets | $ 62,216 | $ 55,510 |
Carrying amount of associated liabilities | 60,361 | 52,093 |
Fair value of transferred assets | ||
Fair value of associated liabilities | ||
Net position | ||
Securities lending agreements | ||
Disclosure of transferred financial assets that are not derecognised in their entirety [line items] | ||
Carrying amount of transferred assets | 32,486 | 33,878 |
Carrying amount of associated liabilities | 2,426 | 3,324 |
Fair value of transferred assets | ||
Fair value of associated liabilities | ||
Net position | ||
Other sales (recourse to transferred assets only) | ||
Disclosure of transferred financial assets that are not derecognised in their entirety [line items] | ||
Carrying amount of transferred assets | 2,647 | 2,387 |
Carrying amount of associated liabilities | 2,647 | 2,388 |
Fair value of transferred assets | 2,625 | 2,377 |
Fair value of associated liabilities | 2,630 | 2,378 |
Net position | $ (5) | $ (1) |
Interest in associates and jo_3
Interest in associates and joint ventures - Associates commentary (Details) - USD ($) | 12 Months Ended | |||
Dec. 31, 2018 | Sep. 30, 2018 | Dec. 31, 2017 | Sep. 30, 2017 | |
Disclosure of associates [line items] | ||||
Carrying amount of interests in associates | $ 22,244,000,000 | $ 22,577,000,000 | ||
Bank of Communications Co., Limited | ||||
Disclosure of associates [line items] | ||||
Carrying amount of interests in associates | $ 17,754,000,000 | $ 17,754,000,000 | $ 18,057,000,000 | $ 18,057,000,000 |
Investment's fair value below carrying amount, period | 80 months | |||
Impairment loss | $ 0 |
Interest in associates and jo_4
Interest in associates and joint ventures - Principal associates of HSBC (Details) - USD ($) $ in Millions | Dec. 31, 2018 | Dec. 31, 2018 | Sep. 30, 2018 | Dec. 31, 2017 | Sep. 30, 2017 |
Disclosure of associates [line items] | |||||
Carrying amount | $ 22,244 | $ 22,244 | $ 22,577 | ||
Bank of Communications Co., Limited | |||||
Disclosure of associates [line items] | |||||
Carrying amount | 17,754 | 17,754 | $ 17,754 | 18,057 | $ 18,057 |
Fair value | $ 10,991 | $ 10,991 | 10,491 | ||
HSBC’s interest percent | 19.03% | 19.03% | |||
The Saudi British Bank | |||||
Disclosure of associates [line items] | |||||
Carrying amount | $ 3,557 | $ 3,557 | 3,618 | ||
Fair value | $ 5,222 | $ 5,222 | $ 4,320 | ||
HSBC’s interest percent | 40.00% | 40.00% |
Interest in associates and jo_5
Interest in associates and joint ventures - Impairment testing (Details) - USD ($) $ in Millions | Dec. 31, 2018 | Sep. 30, 2018 | Dec. 31, 2017 | Sep. 30, 2017 |
Disclosure of associates [line items] | ||||
Carrying amount | $ 22,244 | $ 22,577 | ||
Bank of Communications Co., Limited | ||||
Disclosure of associates [line items] | ||||
VIU | 18,000 | 18,300 | ||
Carrying amount | 17,754 | $ 17,754 | 18,057 | $ 18,057 |
Fair value | $ 10,991 | $ 10,491 |
Interest in associates and jo_6
Interest in associates and joint ventures - Key assumptions in value in use calculation (Details) - Bank of Communications Co., Limited | Dec. 31, 2018 | Dec. 31, 2017 |
Disclosure of associates [line items] | ||
Long-term profit growth rate | 3.00% | 3.00% |
Long-term asset growth rate | 3.00% | 3.00% |
Discount rate | 11.82% | 11.85% |
Loan impairment charge as a percentage of customer advances in the long term | 0.70% | 0.70% |
Risk-weighted assets as a percentage of total assets | 62.00% | 62.00% |
Effective tax rate in the long-term | 22.50% | 22.50% |
Capital adequacy ratio | 11.50% | 11.50% |
Tier 1 capital adequacy ratio | 9.50% | 9.50% |
Long-term profit growth rate | ||
Disclosure of associates [line items] | ||
Changes to key assumptions to reduce headroom to nil | (0.13%) | |
Long-term asset growth rate | ||
Disclosure of associates [line items] | ||
Changes to key assumptions to reduce headroom to nil | 0.12% | |
Discount rate | ||
Disclosure of associates [line items] | ||
Changes to key assumptions to reduce headroom to nil | 0.16% | |
Loan impairment charge as a percentage of customer advances | ||
Disclosure of associates [line items] | ||
Changes to key assumptions to reduce headroom to nil | 0.02% | |
Risk-weighted assets as a percentage of total assets | ||
Disclosure of associates [line items] | ||
Changes to key assumptions to reduce headroom to nil | 0.77% | |
Cost-income ratio | ||
Disclosure of associates [line items] | ||
Changes to key assumptions to reduce headroom to nil | 0.50% | |
Long term effective tax rate | ||
Disclosure of associates [line items] | ||
Changes to key assumptions to reduce headroom to nil | 1.23% | |
Regulatory capital requirements – capital adequacy ratio | ||
Disclosure of associates [line items] | ||
Changes to key assumptions to reduce headroom to nil | 0.14% | |
Regulatory capital requirements - tier 1 capital adequacy ratio | ||
Disclosure of associates [line items] | ||
Changes to key assumptions to reduce headroom to nil | 0.75% | |
Bottom of range | ||
Disclosure of associates [line items] | ||
Discount rate | 10.40% | 10.20% |
Loan impairment charge as a percentage of customer advances in the short to medium term | 0.73% | 0.66% |
Cost-income ratio | 38.70% | 37.10% |
Effective tax rate in the short to medium-term | 13.80% | 18.20% |
Top of range | ||
Disclosure of associates [line items] | ||
Discount rate | 15.00% | 13.40% |
Loan impairment charge as a percentage of customer advances in the short to medium term | 0.79% | 0.82% |
Cost-income ratio | 39.00% | 38.00% |
Effective tax rate in the short to medium-term | 22.30% | 22.50% |
Interest in associates and jo_7
Interest in associates and joint ventures - Sensitivity of VIU (Details) - Bank of Communications Co., Limited - USD ($) $ in Millions | Dec. 31, 2018 | Dec. 31, 2017 |
Long-term profit growth rate | ||
Disclosure of associates [line items] | ||
Change in bps due to reasonably possible favourable changes in key assumptions | 1.00% | 2.00% |
Change in VIU due to reasonably possible favourable changes in key assumptions | $ 2,600 | $ 6,600 |
VIU after reasonably possible favourable changes in key assumptions | $ 20,600 | $ 24,900 |
Change in bps due to reasonably possible unfavourable changes in key assumptions | (0.10%) | 0.00% |
Change in VIU due to reasonably possible unfavourable changes in key assumptions | $ (200) | $ 0 |
VIU after reasonably possible unfavourable changes in key assumptions | $ 17,800 | $ 18,300 |
Long-term asset growth rate | ||
Disclosure of associates [line items] | ||
Change in bps due to reasonably possible favourable changes in key assumptions | (0.10%) | (0.20%) |
Change in VIU due to reasonably possible favourable changes in key assumptions | $ 300 | $ 500 |
VIU after reasonably possible favourable changes in key assumptions | $ 18,300 | $ 18,900 |
Change in bps due to reasonably possible unfavourable changes in key assumptions | 1.00% | 2.00% |
Change in VIU due to reasonably possible unfavourable changes in key assumptions | $ (2,800) | $ (7,100) |
VIU after reasonably possible unfavourable changes in key assumptions | $ 15,300 | $ 11,200 |
Discount rate | ||
Disclosure of associates [line items] | ||
Change in bps due to reasonably possible favourable changes in key assumptions | (1.42%) | (0.35%) |
Change in VIU due to reasonably possible favourable changes in key assumptions | $ 3,200 | $ 700 |
VIU after reasonably possible favourable changes in key assumptions | $ 21,300 | $ 19,100 |
Change in bps due to reasonably possible unfavourable changes in key assumptions | 0.28% | 0.65% |
Change in VIU due to reasonably possible unfavourable changes in key assumptions | $ (500) | $ (1,200) |
VIU after reasonably possible unfavourable changes in key assumptions | 17,500 | 17,100 |
Loan impairment charge as a percentage of customer advances | ||
Disclosure of associates [line items] | ||
Change in VIU due to reasonably possible favourable changes in key assumptions | 900 | 100 |
VIU after reasonably possible favourable changes in key assumptions | 18,900 | 18,500 |
Change in VIU due to reasonably possible unfavourable changes in key assumptions | (1,000) | (1,300) |
VIU after reasonably possible unfavourable changes in key assumptions | $ 17,000 | $ 17,000 |
Loan impairment charge as a percentage of customer advances | Not later than four years | ||
Disclosure of associates [line items] | ||
Change in bps due to reasonably possible favourable changes in key assumptions | 0.70% | 0.71% |
Change in bps due to reasonably possible unfavourable changes in key assumptions | 0.83% | 0.90% |
Loan impairment charge as a percentage of customer advances | After four years | ||
Disclosure of associates [line items] | ||
Change in bps due to reasonably possible favourable changes in key assumptions | 0.65% | 0.70% |
Change in bps due to reasonably possible unfavourable changes in key assumptions | 0.77% | 0.77% |
Risk-weighted assets as a percentage of total assets | ||
Disclosure of associates [line items] | ||
Change in bps due to reasonably possible favourable changes in key assumptions | (1.40%) | (0.60%) |
Change in VIU due to reasonably possible favourable changes in key assumptions | $ 500 | $ 200 |
VIU after reasonably possible favourable changes in key assumptions | $ 18,600 | $ 18,600 |
Change in bps due to reasonably possible unfavourable changes in key assumptions | 0.80% | 0.30% |
Change in VIU due to reasonably possible unfavourable changes in key assumptions | $ (300) | $ (100) |
VIU after reasonably possible unfavourable changes in key assumptions | $ 17,800 | $ 18,200 |
Cost-income ratio | ||
Disclosure of associates [line items] | ||
Change in bps due to reasonably possible favourable changes in key assumptions | (1.60%) | (1.73%) |
Change in VIU due to reasonably possible favourable changes in key assumptions | $ 1,100 | $ 1,500 |
VIU after reasonably possible favourable changes in key assumptions | $ 19,200 | $ 19,800 |
Change in bps due to reasonably possible unfavourable changes in key assumptions | 2.00% | 0.00% |
Change in VIU due to reasonably possible unfavourable changes in key assumptions | $ (1,400) | $ 0 |
VIU after reasonably possible unfavourable changes in key assumptions | $ 16,700 | $ 18,300 |
Long term effective tax rate | ||
Disclosure of associates [line items] | ||
Change in bps due to reasonably possible favourable changes in key assumptions | (2.80%) | (1.20%) |
Change in VIU due to reasonably possible favourable changes in key assumptions | $ 700 | $ 300 |
VIU after reasonably possible favourable changes in key assumptions | $ 18,700 | $ 18,600 |
Change in bps due to reasonably possible unfavourable changes in key assumptions | 2.50% | 2.50% |
Change in VIU due to reasonably possible unfavourable changes in key assumptions | $ (600) | $ (670) |
VIU after reasonably possible unfavourable changes in key assumptions | $ 17,500 | $ 17,700 |
Earnings in short to medium term - compound annual growth rate | ||
Disclosure of associates [line items] | ||
Change in bps due to reasonably possible favourable changes in key assumptions | 2.04% | 2.88% |
Change in VIU due to reasonably possible favourable changes in key assumptions | $ 1,600 | $ 2,800 |
VIU after reasonably possible favourable changes in key assumptions | $ 19,600 | $ 21,100 |
Change in bps due to reasonably possible unfavourable changes in key assumptions | (3.66%) | (3.11%) |
Change in VIU due to reasonably possible unfavourable changes in key assumptions | $ (2,500) | $ (3,600) |
VIU after reasonably possible unfavourable changes in key assumptions | $ 15,500 | $ 14,700 |
Regulatory capital requirements – capital adequacy ratio | ||
Disclosure of associates [line items] | ||
Change in bps due to reasonably possible favourable changes in key assumptions | 0.00% | 0.00% |
Change in VIU due to reasonably possible favourable changes in key assumptions | $ 0 | $ 0 |
VIU after reasonably possible favourable changes in key assumptions | $ 18,000 | $ 18,300 |
Change in bps due to reasonably possible unfavourable changes in key assumptions | 2.58% | 2.48% |
Change in VIU due to reasonably possible unfavourable changes in key assumptions | $ (5,000) | $ (5,600) |
VIU after reasonably possible unfavourable changes in key assumptions | $ 13,000 | $ 12,700 |
Regulatory capital requirements - tier 1 capital adequacy ratio | ||
Disclosure of associates [line items] | ||
Change in bps due to reasonably possible favourable changes in key assumptions | 0.00% | 0.00% |
Change in VIU due to reasonably possible favourable changes in key assumptions | $ 0 | $ 0 |
VIU after reasonably possible favourable changes in key assumptions | $ 18,000 | $ 18,300 |
Change in bps due to reasonably possible unfavourable changes in key assumptions | 2.43% | 2.34% |
Change in VIU due to reasonably possible unfavourable changes in key assumptions | $ (3,200) | $ (3,500) |
VIU after reasonably possible unfavourable changes in key assumptions | 14,800 | 14,800 |
Bottom of range | ||
Disclosure of associates [line items] | ||
Value in use of investments in associates after reasonably possible changes in key assumptions | 15,500 | 14,700 |
Top of range | ||
Disclosure of associates [line items] | ||
Value in use of investments in associates after reasonably possible changes in key assumptions | $ 19,600 | $ 21,100 |
Interest in associates and jo_8
Interest in associates and joint ventures - Selected balance sheet information of BoCom (Details) - USD ($) $ in Millions | Dec. 31, 2018 | Sep. 30, 2018 | Jan. 01, 2018 | Dec. 31, 2017 | Sep. 30, 2017 | Dec. 31, 2016 | Dec. 31, 2015 | |
Disclosure of associates [line items] | ||||||||
Cash and balances at central banks | $ 162,843 | $ 180,621 | [1] | $ 180,624 | $ 128,009 | |||
Loans and advances to banks | 72,167 | 82,559 | [1] | 90,393 | ||||
Loans and advances to customers | 981,696 | 949,737 | [1] | 962,964 | 861,504 | |||
Other financial assets | 10,086 | 14,353 | ||||||
Total assets | 2,558,124 | 2,518,430 | [1] | 2,521,771 | 2,374,986 | |||
Deposits by banks and other financial institutions | 56,331 | 64,492 | [1] | 69,922 | ||||
Customer accounts | 1,362,643 | 1,360,227 | [1] | 1,364,462 | 1,272,386 | |||
Other liabilities | 19,905 | 21,202 | ||||||
Total liabilities | 2,363,875 | 2,322,206 | [1] | 2,323,900 | ||||
Total equity | $ 194,249 | 196,224 | [1] | $ 197,871 | $ 182,578 | $ 197,518 | ||
Impact on transition to IFRS 9 | 1,647 | |||||||
Bank of Communications Co., Limited | ||||||||
Disclosure of associates [line items] | ||||||||
Cash and balances at central banks | $ 125,414 | $ 146,029 | ||||||
Loans and advances to banks | 102,980 | 120,403 | ||||||
Loans and advances to customers | 686,951 | 662,706 | ||||||
Other financial assets | 408,136 | 386,067 | ||||||
Other assets | 42,106 | 58,202 | ||||||
Total assets | 1,365,587 | 1,373,407 | ||||||
Deposits by banks and other financial institutions | 304,395 | 366,993 | ||||||
Customer accounts | 829,539 | 747,882 | ||||||
Other financial liabilities | 94,900 | 123,751 | ||||||
Other liabilities | 36,332 | 32,568 | ||||||
Total liabilities | 1,265,166 | 1,271,194 | ||||||
Total equity | $ 100,421 | $ 102,213 | ||||||
Impact on transition to IFRS 9 | $ 4,053 | |||||||
[1] | Balances at 1 January 2018 have been prepared in accordance with accounting policies referred to on page 263. 31 December 2017 balances have not been re-presented. Information regarding the effects of adoption of IFRS 9 can be found in Note 37. |
Interest in associates and jo_9
Interest in associates and joint ventures - Reconciliation of BoCom's total shareholders' equity to carrying amount (Details) - USD ($) $ in Millions | Dec. 31, 2018 | Sep. 30, 2018 | Jan. 01, 2018 | [1] | Dec. 31, 2017 | Sep. 30, 2017 |
Disclosure of associates [line items] | ||||||
Goodwill and other intangible assets | $ 24,357 | $ 23,374 | $ 23,453 | |||
Carrying amount | 22,244 | 22,577 | ||||
Bank of Communications Co., Limited | ||||||
Disclosure of associates [line items] | ||||||
HSBC’s share of total shareholders’ equity | $ 17,275 | $ 17,551 | ||||
Goodwill and other intangible assets | 479 | 506 | ||||
Carrying amount | $ 17,754 | $ 17,754 | $ 18,057 | $ 18,057 | ||
[1] | Balances at 1 January 2018 have been prepared in accordance with accounting policies referred to on page 263. 31 December 2017 balances have not been re-presented. Information regarding the effects of adoption of IFRS 9 can be found in Note 37. |
Interest in associates and j_10
Interest in associates and joint ventures - Selected income statement information of BoCom (Details) - USD ($) $ in Millions | 12 Months Ended | ||||
Dec. 31, 2018 | Sep. 30, 2018 | Dec. 31, 2017 | Sep. 30, 2017 | Dec. 31, 2016 | |
Disclosure of associates [line items] | |||||
Net interest income | $ 49,609 | $ 40,995 | $ 42,414 | ||
Net fee and commission income | 12,620 | 12,811 | 12,777 | ||
Change in expected credit losses/loan impairment charges | (1,896) | (1,992) | (3,350) | ||
Tax expense | (4,865) | (5,288) | (3,666) | ||
Profit for the year | 15,025 | 11,879 | 3,446 | ||
Other comprehensive income | (4,670) | 9,383 | (8,398) | ||
Total comprehensive income | 10,355 | 21,262 | (4,952) | ||
Dividends received from BoCom | $ 1,702 | $ 2,225 | $ 475 | ||
Bank of Communications Co., Limited | |||||
Disclosure of associates [line items] | |||||
Net interest income | $ 19,295 | $ 19,080 | |||
Net fee and commission income | 6,245 | 5,698 | |||
Change in expected credit losses/loan impairment charges | (5,602) | (4,286) | |||
Depreciation and amortisation | (767) | (1,342) | |||
Tax expense | (1,554) | (2,234) | |||
Profit for the year | 11,116 | 10,288 | |||
Other comprehensive income | 190 | (624) | |||
Total comprehensive income | 11,306 | 9,664 | |||
Dividends received from BoCom | $ 611 | $ 565 |
Interest in associates and j_11
Interest in associates and joint ventures - Summarised aggregate financial information (Details) - USD ($) $ in Millions | 12 Months Ended | ||||
Dec. 31, 2018 | Dec. 31, 2017 | Jan. 01, 2018 | [1] | Dec. 31, 2016 | |
Disclosure of associates [line items] | |||||
Carrying amount | $ 22,244 | $ 22,577 | |||
– total assets | 2,558,124 | 2,521,771 | $ 2,518,430 | $ 2,374,986 | |
– total liabilities | 2,363,875 | 2,323,900 | $ 2,322,206 | ||
Aggregated individually immaterial associates | |||||
Disclosure of associates [line items] | |||||
Carrying amount | 4,482 | 4,520 | |||
– total assets | 20,470 | 20,625 | |||
– total liabilities | 15,675 | 16,119 | |||
– revenues | 959 | 1,051 | |||
– profit or loss from continuing operations | $ 487 | $ 487 | |||
[1] | Balances at 1 January 2018 have been prepared in accordance with accounting policies referred to on page 263. 31 December 2017 balances have not been re-presented. Information regarding the effects of adoption of IFRS 9 can be found in Note 37. |
Interest in associates and j_12
Interest in associates and joint ventures - Joint ventures commentary (Details) - USD ($) $ in Millions | Dec. 31, 2018 | Dec. 31, 2017 |
Interests In Other Entities [Abstract] | ||
Carrying amount of interests in joint ventures | $ 163 | $ 167 |
Interest in associates and j_13
Interest in associates and joint ventures - Associates and joint ventures commentary (Details) - USD ($) $ in Millions | 12 Months Ended | |
Dec. 31, 2018 | Dec. 31, 2017 | |
Interests In Other Entities [Abstract] | ||
Tax on profit | $ 306 | $ 440 |
Interest in associates and j_14
Interest in associates and joint ventures - Movements in interests in associates and joint ventures (Details) - USD ($) $ in Millions | 12 Months Ended | |||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | Jan. 01, 2018 | |
Disclosure of financial assets [line items] | ||||
Interests in associates and joint ventures, beginning balance | $ 22,744 | $ 20,029 | ||
Impact on transition to IFRS 9 | (3,341) | |||
Additions | 81 | 60 | ||
Disposals | (85) | (67) | ||
Share of results | 2,536 | 2,375 | $ 2,354 | |
Dividends | (910) | (740) | ||
Exchange differences | (1,018) | 1,144 | ||
Share of other comprehensive income of associates and joint ventures | (64) | (43) | ||
Other movements | 65 | (14) | ||
Interests in associates and joint ventures, ending balance | 22,407 | 22,744 | $ 20,029 | |
Investments in associates and joint ventures | ||||
Disclosure of financial assets [line items] | ||||
Impact on transition to IFRS 9 | (942) | $ (942) | ||
Goodwill | $ 511 | $ 521 |
Investments in subsidiaries - P
Investments in subsidiaries - Principal subsidiaries of HSBC Holdings (Details) - 12 months ended Dec. 31, 2018 | $ / shares | £ / shares | € / shares | $ / shares | $ / shares | RM / shares | ¥ / shares |
HSBC Bank plc | |||||||
Disclosure of subsidiaries [line items] | |||||||
Proportion of ownership interest in subsidiary | 100.00% | ||||||
HSBC UK Bank plc | |||||||
Disclosure of subsidiaries [line items] | |||||||
Proportion of ownership interest in subsidiary | 100.00% | ||||||
HSBC France | |||||||
Disclosure of subsidiaries [line items] | |||||||
Proportion of ownership interest in subsidiary | 99.99% | ||||||
HSBC Trinkaus & Burkhardt AG | |||||||
Disclosure of subsidiaries [line items] | |||||||
Proportion of ownership interest in subsidiary | 80.67% | ||||||
Hang Seng Bank Limited | |||||||
Disclosure of subsidiaries [line items] | |||||||
Proportion of ownership interest in subsidiary | 62.14% | ||||||
HSBC Bank (China) Company Limited | |||||||
Disclosure of subsidiaries [line items] | |||||||
Proportion of ownership interest in subsidiary | 100.00% | ||||||
HSBC Bank Malaysia Berhad | |||||||
Disclosure of subsidiaries [line items] | |||||||
Proportion of ownership interest in subsidiary | 100.00% | ||||||
HSBC Life (International) Limited | |||||||
Disclosure of subsidiaries [line items] | |||||||
Proportion of ownership interest in subsidiary | 100.00% | ||||||
The Hongkong and Shanghai Banking Corporation Limited | |||||||
Disclosure of subsidiaries [line items] | |||||||
Proportion of ownership interest in subsidiary | 100.00% | ||||||
HSBC Bank Middle East Limited | |||||||
Disclosure of subsidiaries [line items] | |||||||
Proportion of ownership interest in subsidiary | 100.00% | ||||||
HSBC Bank Canada | |||||||
Disclosure of subsidiaries [line items] | |||||||
Proportion of ownership interest in subsidiary | 100.00% | ||||||
HSBC Holdings | HSBC Bank plc | |||||||
Disclosure of subsidiaries [line items] | |||||||
Proportion of ownership interest in subsidiary | 100.00% | ||||||
HSBC Holdings | HSBC UK Bank plc | |||||||
Disclosure of subsidiaries [line items] | |||||||
Proportion of ownership interest in subsidiary | 100.00% | ||||||
HSBC Holdings | HSBC France | |||||||
Disclosure of subsidiaries [line items] | |||||||
Proportion of ownership interest in subsidiary | 99.99% | ||||||
Par value per share (in dollars per share) | € / shares | € 5 | ||||||
HSBC Holdings | HSBC Trinkaus & Burkhardt AG | |||||||
Disclosure of subsidiaries [line items] | |||||||
Proportion of ownership interest in subsidiary | 80.67% | ||||||
HSBC Holdings | Hang Seng Bank Limited | |||||||
Disclosure of subsidiaries [line items] | |||||||
Proportion of ownership interest in subsidiary | 62.14% | ||||||
HSBC Holdings | HSBC Bank (China) Company Limited | |||||||
Disclosure of subsidiaries [line items] | |||||||
Proportion of ownership interest in subsidiary | 100.00% | ||||||
HSBC Holdings | HSBC Bank Malaysia Berhad | |||||||
Disclosure of subsidiaries [line items] | |||||||
Proportion of ownership interest in subsidiary | 100.00% | ||||||
HSBC Holdings | HSBC Life (International) Limited | |||||||
Disclosure of subsidiaries [line items] | |||||||
Proportion of ownership interest in subsidiary | 100.00% | ||||||
HSBC Holdings | The Hongkong and Shanghai Banking Corporation Limited | |||||||
Disclosure of subsidiaries [line items] | |||||||
Proportion of ownership interest in subsidiary | 100.00% | ||||||
HSBC Holdings | HSBC Bank Middle East Limited | |||||||
Disclosure of subsidiaries [line items] | |||||||
Proportion of ownership interest in subsidiary | 100.00% | ||||||
HSBC Holdings | HSBC Bank Canada | |||||||
Disclosure of subsidiaries [line items] | |||||||
Proportion of ownership interest in subsidiary | 100.00% | ||||||
HSBC Holdings | HSBC Bank USA, N.A. | |||||||
Disclosure of subsidiaries [line items] | |||||||
Proportion of ownership interest in subsidiary | 100.00% | ||||||
HSBC Holdings | HSBC Mexico, S.A., Institución de Banca Múltiple, Grupo Financiero HSBC | |||||||
Disclosure of subsidiaries [line items] | |||||||
Proportion of ownership interest in subsidiary | 99.99% | ||||||
Ordinary shares | |||||||
Disclosure of subsidiaries [line items] | |||||||
Par value per share (in dollars per share) | $ 0.50 | ||||||
Ordinary shares | HSBC Holdings | HSBC Bank plc | |||||||
Disclosure of subsidiaries [line items] | |||||||
Par value per share (in dollars per share) | £ / shares | £ 1 | ||||||
Ordinary shares | HSBC Holdings | HSBC UK Bank plc | |||||||
Disclosure of subsidiaries [line items] | |||||||
Par value per share (in dollars per share) | £ / shares | £ 1 | ||||||
Ordinary shares | HSBC Holdings | Hang Seng Bank Limited | |||||||
Disclosure of subsidiaries [line items] | |||||||
Par value per share (in dollars per share) | $ 5 | ||||||
Ordinary shares | HSBC Holdings | HSBC Bank (China) Company Limited | |||||||
Disclosure of subsidiaries [line items] | |||||||
Par value per share (in dollars per share) | ¥ / shares | ¥ 1 | ||||||
Ordinary shares | HSBC Holdings | HSBC Bank Malaysia Berhad | |||||||
Disclosure of subsidiaries [line items] | |||||||
Par value per share (in dollars per share) | RM / shares | RM 0.50 | ||||||
Ordinary shares | HSBC Holdings | HSBC Life (International) Limited | |||||||
Disclosure of subsidiaries [line items] | |||||||
Par value per share (in dollars per share) | $ 1 | ||||||
Ordinary shares | HSBC Holdings | HSBC Bank Middle East Limited | |||||||
Disclosure of subsidiaries [line items] | |||||||
Par value per share (in dollars per share) | 1 | ||||||
Ordinary shares | HSBC Holdings | HSBC Bank USA, N.A. | |||||||
Disclosure of subsidiaries [line items] | |||||||
Par value per share (in dollars per share) | 100 | ||||||
Ordinary shares | HSBC Holdings | HSBC Mexico, S.A., Institución de Banca Múltiple, Grupo Financiero HSBC | |||||||
Disclosure of subsidiaries [line items] | |||||||
Par value per share (in dollars per share) | $ 2 | ||||||
Preference shares | |||||||
Disclosure of subsidiaries [line items] | |||||||
Par value per share (in dollars per share) | 0.01 | ||||||
Preference shares | HSBC Holdings | HSBC Bank USA, N.A. | |||||||
Disclosure of subsidiaries [line items] | |||||||
Par value per share (in dollars per share) | 0.01 | ||||||
Non-cumulative third dollar preference shares | HSBC Holdings | HSBC Bank plc | |||||||
Disclosure of subsidiaries [line items] | |||||||
Par value per share (in dollars per share) | 0.01 | ||||||
Cumulative redeemable preference shares | HSBC Holdings | HSBC Bank Middle East Limited | |||||||
Disclosure of subsidiaries [line items] | |||||||
Par value per share (in dollars per share) | $ 1 |
Investments in subsidiaries - I
Investments in subsidiaries - Investments in subsidiaries (commentary) (Details) - HSBC Holdings - USD ($) | 12 Months Ended | |||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | ||
Disclosure of subsidiaries [line items] | ||||
Increase (decrease) in subsidiaries | $ 67,300,000,000 | $ (2,920,000,000) | ||
Increase (decrease) through restructuring and new capital injections | 82,570,000,000 | 1,744,000,000 | ||
Reversal of impairment loss of subsidiaries | [1] | 2,064,000,000 | (63,000,000) | $ 0 |
Increase (decrease) in subsidiaries through other movements | (197,000,000) | (289,000,000) | ||
Increase (decrease) in subsidiary through return in capital | (17,348,000,000) | (4,070,000,000) | ||
Reversal of impairment / (impairment) of subsidiaries, excluding part reversal of impairment previously recognized | (136,000,000) | |||
Increase (decrease) in subsidiaries through intra-group disposals | 183,000,000 | 242,000,000 | ||
HSBC Overseas Holdings (UK) Limited | ||||
Disclosure of subsidiaries [line items] | ||||
Reversal of impairment loss of subsidiaries | $ 2,200,000,000 | $ 0 | ||
[1] | 2018 includes a $2,200m (2017:nil) part reversal of the impairment previously recognised against HSBC Holdings investment in HSBC Overseas Holdings (UK) Limited. This amount does not form part of distributable reserves. |
Investments in subsidiaries - S
Investments in subsidiaries - Subsidiaries with significant non-controlling interests (Details) - USD ($) $ in Millions | 12 Months Ended | ||||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | Jan. 01, 2018 | [1] | |
Disclosure of subsidiaries [line items] | |||||
Profit attributable to non-controlling interests | $ 1,298 | $ 1,081 | $ 967 | ||
Accumulated non-controlling interests of the subsidiary | 7,996 | 7,621 | $ 7,580 | ||
Summarised Financial Information [Abstract] | |||||
– total assets | 2,558,124 | 2,521,771 | 2,374,986 | 2,518,430 | |
– total liabilities | 2,363,875 | 2,323,900 | $ 2,322,206 | ||
– profit for the year | 15,025 | 11,879 | 3,446 | ||
– total comprehensive income for the year | $ 10,355 | $ 21,262 | $ (4,952) | ||
Hang Seng Bank Limited | |||||
Disclosure of subsidiaries [line items] | |||||
Proportion of ownership interests held by non-controlling interests | 37.86% | 37.86% | |||
Proportion of voting rights held by non-controlling interests | 37.86% | 37.86% | |||
Profit attributable to non-controlling interests | $ 1,194 | $ 997 | |||
Accumulated non-controlling interests of the subsidiary | 6,637 | 6,233 | |||
Dividends paid to non-controlling interests | 647 | 594 | |||
Summarised Financial Information [Abstract] | |||||
– total assets | 197,867 | 186,638 | |||
– total liabilities | 179,450 | 169,275 | |||
– net operating income before changes in expected credit losses and other credit impairment charges | 5,294 | 4,556 | |||
– profit for the year | 3,159 | 2,632 | |||
– total comprehensive income for the year | $ 2,950 | $ 2,895 | |||
[1] | Balances at 1 January 2018 have been prepared in accordance with accounting policies referred to on page 263. 31 December 2017 balances have not been re-presented. Information regarding the effects of adoption of IFRS 9 can be found in Note 37. |
Structured entities - Total ass
Structured entities - Total assets of consolidated structured entities by entity type (Details) - USD ($) $ in Millions | Dec. 31, 2018 | Jan. 01, 2018 | [1] | Dec. 31, 2017 | Dec. 31, 2016 |
Disclosure of information about consolidated structured entities [line items] | |||||
Total assets | $ 2,558,124 | $ 2,518,430 | $ 2,521,771 | $ 2,374,986 | |
Total | |||||
Disclosure of information about consolidated structured entities [line items] | |||||
Total assets | 25,800 | 27,900 | |||
Conduits | |||||
Disclosure of information about consolidated structured entities [line items] | |||||
Total assets | 9,200 | 12,900 | |||
Securitisations | |||||
Disclosure of information about consolidated structured entities [line items] | |||||
Total assets | 5,700 | 4,800 | |||
HSBC managed funds | |||||
Disclosure of information about consolidated structured entities [line items] | |||||
Total assets | 6,500 | 7,000 | |||
Other | |||||
Disclosure of information about consolidated structured entities [line items] | |||||
Total assets | $ 4,400 | $ 3,200 | |||
[1] | Balances at 1 January 2018 have been prepared in accordance with accounting policies referred to on page 263. 31 December 2017 balances have not been re-presented. Information regarding the effects of adoption of IFRS 9 can be found in Note 37. |
Structured entities - Conduits
Structured entities - Conduits (Details) - USD ($) $ in Billions | Dec. 31, 2018 | Dec. 31, 2017 |
Securities investment conduits | Solitaire | ||
Disclosure of information about consolidated structured entities [line items] | ||
Asset backed securities | $ 2.3 | $ 3.2 |
Commercial paper held by HSBC | 3.4 | 4.6 |
Securities investment conduits | Barion and Malachite | ||
Disclosure of information about consolidated structured entities [line items] | ||
Maximum exposure | 0.5 | 0.9 |
Multi-seller conduit | ||
Disclosure of information about consolidated structured entities [line items] | ||
Maximum exposure | $ 16.1 | $ 15.7 |
Structured entities - Nature an
Structured entities - Nature and risks associated with interests in unconsolidated structured entities (Details) $ in Millions | Dec. 31, 2018USD ($)entity | Jan. 01, 2018USD ($) | [1] | Dec. 31, 2017USD ($)entity | Dec. 31, 2016USD ($) |
Disclosure of unconsolidated structured entities [line items] | |||||
– trading assets | $ 238,130 | $ 254,410 | $ 287,995 | ||
– financial assets designated and otherwise mandatorily measured at fair value | 41,111 | 39,746 | 29,464 | ||
– loans and advances to banks | 72,167 | 82,559 | 90,393 | ||
– loans and advances to customers | 981,696 | $ 949,737 | 962,964 | $ 861,504 | |
– financial investments | 13,753 | 13,128 | |||
– other liabilities | $ 19,905 | $ 21,202 | |||
Total | |||||
Disclosure of unconsolidated structured entities [line items] | |||||
Number of entities | entity | 2,301 | 2,564 | |||
Total assets in relation to HSBC’s interests in the unconsolidated structured entities | $ 25,700 | $ 26,500 | |||
– trading assets | 1,700 | 2,800 | |||
– financial assets designated and otherwise mandatorily measured at fair value | 15,200 | 16,300 | |||
– loans and advances to banks | 100 | ||||
– loans and advances to customers | 6,800 | 5,100 | |||
– financial investments | 1,600 | 1,800 | |||
– other assets | 400 | 400 | |||
Total liabilities in relation to HSBC’s interests in the unconsolidated structured entities | 200 | 300 | |||
– other liabilities | 200 | 300 | |||
Other off-balance sheet commitments | 5,200 | 2,600 | |||
HSBC's maximum exposure | $ 30,700 | $ 29,100 | |||
Total | 0–500 | |||||
Disclosure of unconsolidated structured entities [line items] | |||||
Number of entities | entity | 1,304 | 1,539 | |||
Total | 500–2,000 | |||||
Disclosure of unconsolidated structured entities [line items] | |||||
Number of entities | entity | 641 | 643 | |||
Total | 2,000–5,000 | |||||
Disclosure of unconsolidated structured entities [line items] | |||||
Number of entities | entity | 248 | 252 | |||
Total | 5,000–25,000 | |||||
Disclosure of unconsolidated structured entities [line items] | |||||
Number of entities | entity | 96 | 117 | |||
Total | Over 25,000 | |||||
Disclosure of unconsolidated structured entities [line items] | |||||
Number of entities | entity | 12 | 13 | |||
Securitisations | |||||
Disclosure of unconsolidated structured entities [line items] | |||||
Number of entities | entity | 87 | 86 | |||
Total assets in relation to HSBC’s interests in the unconsolidated structured entities | $ 3,800 | $ 4,000 | |||
– trading assets | 0 | 0 | |||
– financial assets designated and otherwise mandatorily measured at fair value | 0 | 0 | |||
– loans and advances to banks | 0 | ||||
– loans and advances to customers | 3,800 | 4,000 | |||
– financial investments | 0 | 0 | |||
– other assets | 0 | 0 | |||
Total liabilities in relation to HSBC’s interests in the unconsolidated structured entities | 0 | 0 | |||
– other liabilities | 0 | 0 | |||
Other off-balance sheet commitments | 800 | 0 | |||
HSBC's maximum exposure | $ 4,600 | $ 4,000 | |||
Securitisations | 0–500 | |||||
Disclosure of unconsolidated structured entities [line items] | |||||
Number of entities | entity | 76 | 78 | |||
Securitisations | 500–2,000 | |||||
Disclosure of unconsolidated structured entities [line items] | |||||
Number of entities | entity | 10 | 6 | |||
Securitisations | 2,000–5,000 | |||||
Disclosure of unconsolidated structured entities [line items] | |||||
Number of entities | entity | 1 | 0 | |||
Securitisations | 5,000–25,000 | |||||
Disclosure of unconsolidated structured entities [line items] | |||||
Number of entities | entity | 0 | 2 | |||
Securitisations | Over 25,000 | |||||
Disclosure of unconsolidated structured entities [line items] | |||||
Number of entities | entity | 0 | 0 | |||
HSBC managed funds | |||||
Disclosure of unconsolidated structured entities [line items] | |||||
Number of entities | entity | 323 | 406 | |||
Total assets in relation to HSBC’s interests in the unconsolidated structured entities | $ 8,300 | $ 9,100 | |||
– trading assets | 100 | 200 | |||
– financial assets designated and otherwise mandatorily measured at fair value | 7,300 | 8,000 | |||
– loans and advances to banks | 0 | ||||
– loans and advances to customers | 0 | 0 | |||
– financial investments | 900 | 900 | |||
– other assets | 0 | 0 | |||
Total liabilities in relation to HSBC’s interests in the unconsolidated structured entities | 0 | 0 | |||
– other liabilities | 0 | 0 | |||
Other off-balance sheet commitments | 100 | 100 | |||
HSBC's maximum exposure | $ 8,400 | $ 9,200 | |||
HSBC managed funds | 0–500 | |||||
Disclosure of unconsolidated structured entities [line items] | |||||
Number of entities | entity | 243 | 321 | |||
HSBC managed funds | 500–2,000 | |||||
Disclosure of unconsolidated structured entities [line items] | |||||
Number of entities | entity | 56 | 56 | |||
HSBC managed funds | 2,000–5,000 | |||||
Disclosure of unconsolidated structured entities [line items] | |||||
Number of entities | entity | 17 | 17 | |||
HSBC managed funds | 5,000–25,000 | |||||
Disclosure of unconsolidated structured entities [line items] | |||||
Number of entities | entity | 5 | 10 | |||
HSBC managed funds | Over 25,000 | |||||
Disclosure of unconsolidated structured entities [line items] | |||||
Number of entities | entity | 2 | 2 | |||
Non-HSBC managed funds | |||||
Disclosure of unconsolidated structured entities [line items] | |||||
Number of entities | entity | 1,806 | 1,858 | |||
Total assets in relation to HSBC’s interests in the unconsolidated structured entities | $ 8,900 | $ 9,300 | |||
– trading assets | 300 | 200 | |||
– financial assets designated and otherwise mandatorily measured at fair value | 7,900 | 8,300 | |||
– loans and advances to banks | 0 | ||||
– loans and advances to customers | 300 | 0 | |||
– financial investments | 400 | 800 | |||
– other assets | 0 | 0 | |||
Total liabilities in relation to HSBC’s interests in the unconsolidated structured entities | 0 | 0 | |||
– other liabilities | 0 | 0 | |||
Other off-balance sheet commitments | 3,300 | 2,200 | |||
HSBC's maximum exposure | $ 12,200 | $ 11,500 | |||
Non-HSBC managed funds | 0–500 | |||||
Disclosure of unconsolidated structured entities [line items] | |||||
Number of entities | entity | 906 | 930 | |||
Non-HSBC managed funds | 500–2,000 | |||||
Disclosure of unconsolidated structured entities [line items] | |||||
Number of entities | entity | 570 | 578 | |||
Non-HSBC managed funds | 2,000–5,000 | |||||
Disclosure of unconsolidated structured entities [line items] | |||||
Number of entities | entity | 230 | 235 | |||
Non-HSBC managed funds | 5,000–25,000 | |||||
Disclosure of unconsolidated structured entities [line items] | |||||
Number of entities | entity | 90 | 104 | |||
Non-HSBC managed funds | Over 25,000 | |||||
Disclosure of unconsolidated structured entities [line items] | |||||
Number of entities | entity | 10 | 11 | |||
Other | |||||
Disclosure of unconsolidated structured entities [line items] | |||||
Number of entities | entity | 85 | 214 | |||
Total assets in relation to HSBC’s interests in the unconsolidated structured entities | $ 4,700 | $ 4,100 | |||
– trading assets | 1,300 | 2,400 | |||
– financial assets designated and otherwise mandatorily measured at fair value | 0 | 0 | |||
– loans and advances to banks | 100 | ||||
– loans and advances to customers | 2,700 | 1,100 | |||
– financial investments | 300 | 100 | |||
– other assets | 400 | 400 | |||
Total liabilities in relation to HSBC’s interests in the unconsolidated structured entities | 200 | 300 | |||
– other liabilities | 200 | 300 | |||
Other off-balance sheet commitments | 1,000 | 300 | |||
HSBC's maximum exposure | $ 5,500 | $ 4,400 | |||
Other | 0–500 | |||||
Disclosure of unconsolidated structured entities [line items] | |||||
Number of entities | entity | 79 | 210 | |||
Other | 500–2,000 | |||||
Disclosure of unconsolidated structured entities [line items] | |||||
Number of entities | entity | 5 | 3 | |||
Other | 2,000–5,000 | |||||
Disclosure of unconsolidated structured entities [line items] | |||||
Number of entities | entity | 0 | 0 | |||
Other | 5,000–25,000 | |||||
Disclosure of unconsolidated structured entities [line items] | |||||
Number of entities | entity | 1 | 1 | |||
Other | Over 25,000 | |||||
Disclosure of unconsolidated structured entities [line items] | |||||
Number of entities | entity | 0 | 0 | |||
[1] | Balances at 1 January 2018 have been prepared in accordance with accounting policies referred to on page 263. 31 December 2017 balances have not been re-presented. Information regarding the effects of adoption of IFRS 9 can be found in Note 37. |
Goodwill and intangible asset_2
Goodwill and intangible assets - Goodwill and intangible assets (Details) - USD ($) $ in Millions | 12 Months Ended | ||||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | Jan. 01, 2018 | ||
Disclosure of detailed information about intangible assets [line items] | |||||
Goodwill and intangible assets | $ 24,357 | $ 23,453 | $ 23,374 | [1] | |
Amortisation, intangible assets other than goodwill | 814 | 696 | $ 777 | ||
Goodwill | |||||
Disclosure of detailed information about intangible assets [line items] | |||||
Goodwill and intangible assets | 12,986 | 13,588 | |||
Present value of in-force long-term insurance business | |||||
Disclosure of detailed information about intangible assets [line items] | |||||
Goodwill and intangible assets | 7,149 | 6,610 | $ 6,502 | $ 6,532 | |
Intangible assets amortisation | 1,117 | 919 | |||
Other intangible assets | |||||
Disclosure of detailed information about intangible assets [line items] | |||||
Goodwill and intangible assets | 4,222 | 3,255 | |||
Internally generated software | |||||
Disclosure of detailed information about intangible assets [line items] | |||||
Intangible assets | 3,632 | 2,641 | |||
Intangible assets amortisation | 1,781 | 1,157 | |||
Amortisation, intangible assets other than goodwill | $ 687 | $ 570 | |||
[1] | Balances at 1 January 2018 have been prepared in accordance with accounting policies referred to on page 263. 31 December 2017 balances have not been re-presented. Information regarding the effects of adoption of IFRS 9 can be found in Note 37. |
Goodwill and intangible asset_3
Goodwill and intangible assets - Movement analysis of goodwill (Details) - USD ($) $ in Millions | 12 Months Ended | |
Dec. 31, 2018 | Dec. 31, 2017 | |
Reconciliation of changes in intangible assets and goodwill [abstract] | ||
Goodwill and intangible assets beginning balance | $ 23,453 | |
Goodwill and intangible assets ending balance | 24,357 | $ 23,453 |
Goodwill | ||
Reconciliation of changes in intangible assets and goodwill [abstract] | ||
Goodwill and intangible assets beginning balance | 13,588 | |
Goodwill and intangible assets ending balance | 12,986 | 13,588 |
Goodwill | Gross amount | ||
Reconciliation of changes in intangible assets and goodwill [abstract] | ||
Goodwill and intangible assets beginning balance | 22,902 | 21,445 |
Exchange differences | (617) | 1,490 |
Other | (105) | (33) |
Goodwill and intangible assets ending balance | 22,180 | 22,902 |
Goodwill | Accumulated impairment losses | ||
Reconciliation of changes in intangible assets and goodwill [abstract] | ||
Goodwill and intangible assets beginning balance | (9,314) | (9,115) |
Exchange differences | 120 | (327) |
Other | 0 | 128 |
Goodwill and intangible assets ending balance | $ (9,194) | $ (9,314) |
Goodwill and intangible asset_4
Goodwill and intangible assets - Key assumptions in VIU calculation (Details) - USD ($) $ in Millions | Dec. 31, 2018 | Jul. 01, 2018 | Jan. 01, 2018 | [1] | Dec. 31, 2017 | Jul. 01, 2017 |
Disclosure of reconciliation of changes in intangible assets and goodwill [line items] | ||||||
Goodwill and intangible assets | $ 24,357 | $ 23,374 | $ 23,453 | |||
Goodwill | ||||||
Disclosure of reconciliation of changes in intangible assets and goodwill [line items] | ||||||
Goodwill and intangible assets | $ 12,986 | $ 13,588 | ||||
Europe | Retail Banking and Wealth Management | Goodwill | ||||||
Disclosure of reconciliation of changes in intangible assets and goodwill [line items] | ||||||
Goodwill and intangible assets | $ 3,565 | $ 3,508 | ||||
Discount rate | 8.10% | 8.90% | ||||
Nominal growth rate beyond initial cash flow projections | 3.80% | 3.70% | ||||
Europe | Commercial Banking | Goodwill | ||||||
Disclosure of reconciliation of changes in intangible assets and goodwill [line items] | ||||||
Goodwill and intangible assets | $ 2,626 | $ 2,570 | ||||
Discount rate | 9.40% | 9.90% | ||||
Nominal growth rate beyond initial cash flow projections | 3.70% | 3.60% | ||||
Global | Global Banking and Markets | Goodwill | ||||||
Disclosure of reconciliation of changes in intangible assets and goodwill [line items] | ||||||
Goodwill and intangible assets | $ 4,045 | $ 4,000 | ||||
Discount rate | 9.80% | 10.60% | ||||
Nominal growth rate beyond initial cash flow projections | 5.60% | 5.80% | ||||
[1] | Balances at 1 January 2018 have been prepared in accordance with accounting policies referred to on page 263. 31 December 2017 balances have not been re-presented. Information regarding the effects of adoption of IFRS 9 can be found in Note 37. |
Goodwill and intangible asset_5
Goodwill and intangible assets - Impairment testing (commentary) (Details) - USD ($) $ in Millions | Dec. 31, 2018 | Jul. 01, 2018 | Jan. 01, 2018 | [1] | Dec. 31, 2017 | Jul. 01, 2017 |
Disclosure of reconciliation of changes in intangible assets and goodwill [line items] | ||||||
Goodwill and intangible assets | $ 24,357 | $ 23,374 | $ 23,453 | |||
Goodwill | ||||||
Disclosure of reconciliation of changes in intangible assets and goodwill [line items] | ||||||
Goodwill and intangible assets | $ 12,986 | $ 13,588 | ||||
Aggregate cash-generating units for which amount of goodwill or intangible assets with indefinite useful lives is not significant | Goodwill | ||||||
Disclosure of reconciliation of changes in intangible assets and goodwill [line items] | ||||||
Goodwill and intangible assets | $ 3,061 | $ 3,059 | ||||
[1] | Balances at 1 January 2018 have been prepared in accordance with accounting policies referred to on page 263. 31 December 2017 balances have not been re-presented. Information regarding the effects of adoption of IFRS 9 can be found in Note 37. |
Goodwill and intangible asset_6
Goodwill and intangible assets - Movements in present value in-force long-term insurance contracts (Details) - USD ($) $ in Millions | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Jan. 01, 2018 | |
Reconciliation of changes in intangible assets and goodwill [abstract] | |||
Goodwill and intangible assets beginning balance | $ 23,453 | ||
Impact on transition to IFRS 9 | $ (78) | ||
Goodwill and intangible assets ending balance | 24,357 | $ 23,453 | |
Present value of in-force long-term insurance business | |||
Reconciliation of changes in intangible assets and goodwill [abstract] | |||
Goodwill and intangible assets beginning balance | 6,610 | 6,502 | |
Change in PVIF of long-term insurance business | 673 | 24 | |
– value of new business written during the year | 1,117 | 919 | |
– expected return | (719) | (599) | |
– assumption changes and experience variances | 292 | (280) | |
– other adjustments | (17) | (16) | |
Exchange differences and other movements | (56) | 84 | |
Goodwill and intangible assets ending balance | $ 7,149 | $ 6,610 |
Goodwill and intangible asset_7
Goodwill and intangible assets - Assumption changes and experience adjustments (Details) - Present value of in-force long-term insurance business - USD ($) $ in Millions | 12 Months Ended | |
Dec. 31, 2018 | Dec. 31, 2017 | |
Disclosure of detailed information about intangible assets [line items] | ||
Regulatory-driven changes | $ (56) | $ (98) |
Future sharing of returns with policyholders on contracts with discretionary features | 455 | (141) |
Other changes | $ (107) | $ (41) |
Goodwill and intangible asset_8
Goodwill and intangible assets - Key assumptions used in the computation of present value in-force long term insurance contracts (Details) - Present value of in-force long-term insurance business - USD ($) $ in Millions | Dec. 31, 2018 | Dec. 31, 2017 |
Hong Kong | ||
Disclosure of detailed information about intangible assets [line items] | ||
Weighted average risk-free rate | 2.29% | 2.02% |
Weighted average risk discount rate | 5.90% | 6.20% |
Expense inflation | 3.00% | 3.00% |
France | ||
Disclosure of detailed information about intangible assets [line items] | ||
Weighted average risk-free rate | 1.52% | 1.50% |
Weighted average risk discount rate | 2.35% | 2.20% |
Expense inflation | 1.70% | 1.48% |
Risk discount rate | 2.35% | 2.20% |
Risk margin | $ 109 | $ 80 |
Prepayments, accrued income a_3
Prepayments, accrued income and other assets (Details) - USD ($) $ in Millions | Dec. 31, 2018 | Jan. 01, 2018 | [1] | Dec. 31, 2017 |
Subclassifications of assets, liabilities and equities [abstract] | ||||
Prepayments and accrued income | $ 8,715 | $ 7,929 | ||
Settlement accounts | 13,957 | |||
Cash collateral and margin receivables | 33,202 | |||
Assets held for sale | 735 | 781 | ||
Bullion | 13,753 | 13,128 | ||
Endorsements and acceptances | 9,623 | 9,750 | ||
Reinsurers' share of liabilities under insurance contracts | 2,506 | 2,471 | ||
Employee benefit assets | 7,934 | 8,752 | ||
Property, plant and equipment | 10,060 | 10,027 | ||
Other accounts | 10,086 | 14,353 | ||
Prepayments, accrued income and other assets | 110,571 | $ 114,777 | 67,191 | |
Disclosure of financial assets [line items] | ||||
Financial assets at amortised cost | 404,111 | 384,280 | ||
Prepayments, accrued income and other assets | ||||
Disclosure of financial assets [line items] | ||||
Financial assets at amortised cost | $ 74,151 | $ 30,431 | ||
[1] | Balances at 1 January 2018 have been prepared in accordance with accounting policies referred to on page 263. 31 December 2017 balances have not been re-presented. Information regarding the effects of adoption of IFRS 9 can be found in Note 37. |
Trading liabilities - Summary
Trading liabilities - Summary of trading liabilities (Details) - USD ($) $ in Millions | Dec. 31, 2018 | Dec. 31, 2017 |
Disclosure of financial liabilities [line items] | ||
Financial liabilities | $ 2,260,288 | $ 2,220,739 |
Trading liabilities | ||
Disclosure of financial liabilities [line items] | ||
Financial liabilities | 84,431 | 184,361 |
Deposits by banks | ||
Disclosure of financial liabilities [line items] | ||
Financial liabilities | 56,331 | 69,922 |
Deposits by banks | Trading liabilities | ||
Disclosure of financial liabilities [line items] | ||
Financial liabilities | 4,871 | 23,297 |
Customer accounts | ||
Disclosure of financial liabilities [line items] | ||
Financial liabilities | 1,362,643 | 1,364,462 |
Customer accounts | Trading liabilities | ||
Disclosure of financial liabilities [line items] | ||
Financial liabilities | 8,614 | 52,595 |
Debt securities in issue | ||
Disclosure of financial liabilities [line items] | ||
Financial liabilities | 196,093 | 169,639 |
Debt securities in issue | Trading liabilities | ||
Disclosure of financial liabilities [line items] | ||
Financial liabilities | 1,400 | 40,734 |
Other liabilities – net short positions in securities | Trading liabilities | ||
Disclosure of financial liabilities [line items] | ||
Financial liabilities | $ 69,546 | $ 67,735 |
Financial liabilties designat_3
Financial liabilties designated at fair value - Summary of Financial Liabilities at Fair Value (Details) - USD ($) $ in Millions | Dec. 31, 2018 | Dec. 31, 2017 |
Disclosure of financial liabilities [line items] | ||
Financial liabilities | $ 2,260,288 | $ 2,220,739 |
Financial liabilities designated at fair value | ||
Disclosure of financial liabilities [line items] | ||
Financial liabilities | 148,505 | 94,429 |
Deposits by banks and customer accounts | Financial liabilities designated at fair value | ||
Disclosure of financial liabilities [line items] | ||
Financial liabilities | 19,003 | 145 |
Liabilities to customers under investment contracts | Financial liabilities designated at fair value | ||
Disclosure of financial liabilities [line items] | ||
Financial liabilities | 5,458 | 5,635 |
Debt securities in issue | ||
Disclosure of financial liabilities [line items] | ||
Financial liabilities | 196,093 | 169,639 |
Debt securities in issue | Financial liabilities designated at fair value | ||
Disclosure of financial liabilities [line items] | ||
Financial liabilities | 109,351 | 64,359 |
Subordinated liabilities | Financial liabilities designated at fair value | ||
Disclosure of financial liabilities [line items] | ||
Financial liabilities | 14,282 | 23,831 |
Preferred securities | Financial liabilities designated at fair value | ||
Disclosure of financial liabilities [line items] | ||
Financial liabilities | 411 | 459 |
HSBC Holdings | ||
Disclosure of financial liabilities [line items] | ||
Financial liabilities | 97,614 | 87,730 |
HSBC Holdings | Financial liabilities designated at fair value | ||
Disclosure of financial liabilities [line items] | ||
Financial liabilities | 25,049 | 30,890 |
HSBC Holdings | Debt securities in issue | ||
Disclosure of financial liabilities [line items] | ||
Financial liabilities | 68,567 | 51,754 |
HSBC Holdings | Debt securities in issue | Financial liabilities designated at fair value | ||
Disclosure of financial liabilities [line items] | ||
Financial liabilities | 17,767 | 17,496 |
HSBC Holdings | Subordinated liabilities | ||
Disclosure of financial liabilities [line items] | ||
Financial liabilities | 24,997 | 29,271 |
HSBC Holdings | Subordinated liabilities | Financial liabilities designated at fair value | ||
Disclosure of financial liabilities [line items] | ||
Financial liabilities | $ 7,282 | $ 13,394 |
Financial liabilties designat_4
Financial liabilties designated at fair value - Narrative (Details) - Financial liabilities designated at fair value - USD ($) $ in Millions | Dec. 31, 2018 | Dec. 31, 2017 |
Disclosure of financial liabilities [line items] | ||
Difference between carrying amount of financial liability and amount contractually required to pay at maturity to holder of obligation | $ 11,496 | $ 5,343 |
Accumulated increase (decrease) in fair value of financial liability, attributable to changes in credit risk of liability | 209 | (4,107) |
HSBC Holdings | ||
Disclosure of financial liabilities [line items] | ||
Difference between carrying amount of financial liability and amount contractually required to pay at maturity to holder of obligation | 920 | 3,370 |
Accumulated increase (decrease) in fair value of financial liability, attributable to changes in credit risk of liability | $ (812) | $ (2,209) |
Debt securities in issue - Sum
Debt securities in issue - Summary of debt securities in issue (Details) - USD ($) $ in Millions | Dec. 31, 2018 | Dec. 31, 2017 |
Disclosure of detailed information about financial instruments [line items] | ||
Financial liabilities | $ 2,260,288 | $ 2,220,739 |
Trading liabilities | ||
Disclosure of detailed information about financial instruments [line items] | ||
Financial liabilities | 84,431 | 184,361 |
Financial liabilities designated at fair value | ||
Disclosure of detailed information about financial instruments [line items] | ||
Financial liabilities | 148,505 | 94,429 |
Debt securities | ||
Disclosure of detailed information about financial instruments [line items] | ||
Financial liabilities | 196,093 | 169,639 |
Debt securities | Trading liabilities | ||
Disclosure of detailed information about financial instruments [line items] | ||
Financial liabilities | 1,400 | 40,734 |
Debt securities | Financial liabilities designated at fair value | ||
Disclosure of detailed information about financial instruments [line items] | ||
Financial liabilities | 109,351 | 64,359 |
Debt securities | At cost | ||
Disclosure of detailed information about financial instruments [line items] | ||
Financial liabilities | 85,342 | 64,546 |
Bonds and medium-term notes | ||
Disclosure of detailed information about financial instruments [line items] | ||
Financial liabilities | 162,277 | 146,539 |
Other debt securities in issue | ||
Disclosure of detailed information about financial instruments [line items] | ||
Financial liabilities | 33,816 | 23,100 |
HSBC Holdings | ||
Disclosure of detailed information about financial instruments [line items] | ||
Financial liabilities | 97,614 | 87,730 |
HSBC Holdings | Financial liabilities designated at fair value | ||
Disclosure of detailed information about financial instruments [line items] | ||
Financial liabilities | 25,049 | 30,890 |
HSBC Holdings | Debt securities | ||
Disclosure of detailed information about financial instruments [line items] | ||
Financial liabilities | 68,567 | 51,754 |
HSBC Holdings | Debt securities | Financial liabilities designated at fair value | ||
Disclosure of detailed information about financial instruments [line items] | ||
Financial liabilities | 17,767 | 17,496 |
HSBC Holdings | Debt securities | At cost | ||
Disclosure of detailed information about financial instruments [line items] | ||
Financial liabilities | $ 50,800 | $ 34,258 |
Accruals, deferred income and_3
Accruals, deferred income and other liabilities (Details) - USD ($) $ in Millions | Dec. 31, 2018 | Jan. 01, 2018 | [1] | Dec. 31, 2017 |
Subclassifications of assets, liabilities and equities [abstract] | ||||
Accruals and deferred income | $ 11,296 | $ 11,521 | ||
Settlement accounts | 13,022 | |||
Cash collateral and margin payables | 41,044 | |||
Endorsements and acceptances | 9,633 | 9,746 | ||
Employee benefit liabilities | 2,167 | 2,152 | ||
Liabilities of disposal groups held for sale | 313 | 1,286 | ||
Other liabilities | 19,905 | 21,202 | ||
Total accruals, deferred income and other liabilities | 97,380 | $ 99,926 | 45,907 | |
Financial liabilities at amortised cost | $ 87,390 | $ 34,048 | ||
[1] | Balances at 1 January 2018 have been prepared in accordance with accounting policies referred to on page 263. 31 December 2017 balances have not been re-presented. Information regarding the effects of adoption of IFRS 9 can be found in Note 37. |
Provisions - Rollforward of pro
Provisions - Rollforward of provisions (Details) - USD ($) $ in Millions | 12 Months Ended | |
Dec. 31, 2018 | Dec. 31, 2017 | |
Reconciliation of changes in other provisions [abstract] | ||
Other provisions, beginning balance | $ 4,011 | $ 4,773 |
Additions | 2,220 | |
Amounts utilised | (1,882) | |
Unused amounts reversed | (1,377) | |
Exchange and other movements | 277 | |
Other provisions, ending balance | 2,920 | 4,011 |
Provisions (excluding contractual commitments) | ||
Reconciliation of changes in other provisions [abstract] | ||
Other provisions, beginning balance | 3,758 | |
Additions | 1,725 | |
Amounts utilised | (2,394) | |
Unused amounts reversed | (607) | |
Exchange and other movements | (79) | |
Other provisions, ending balance | 2,403 | 3,758 |
Restructuring costs | ||
Reconciliation of changes in other provisions [abstract] | ||
Other provisions, beginning balance | 334 | 551 |
Additions | 73 | 204 |
Amounts utilised | (158) | (353) |
Unused amounts reversed | (107) | (103) |
Exchange and other movements | (12) | 35 |
Other provisions, ending balance | 130 | 334 |
Legal proceedings and regulatory matters | ||
Reconciliation of changes in other provisions [abstract] | ||
Other provisions, beginning balance | 1,501 | 2,436 |
Additions | 1,132 | 829 |
Amounts utilised | (1,255) | (850) |
Unused amounts reversed | (279) | (980) |
Exchange and other movements | 29 | 66 |
Other provisions, ending balance | 1,128 | 1,501 |
Customer remediation | ||
Reconciliation of changes in other provisions [abstract] | ||
Other provisions, beginning balance | 1,454 | 1,124 |
Additions | 288 | 820 |
Amounts utilised | (838) | (543) |
Unused amounts reversed | (90) | (52) |
Exchange and other movements | (26) | 105 |
Other provisions, ending balance | 788 | 1,454 |
Other provisions | ||
Reconciliation of changes in other provisions [abstract] | ||
Other provisions, beginning balance | 469 | 364 |
Additions | 232 | 280 |
Amounts utilised | (143) | (133) |
Unused amounts reversed | (131) | (107) |
Exchange and other movements | (70) | 65 |
Other provisions, ending balance | 357 | 469 |
Contractual commitments | ||
Reconciliation of changes in other provisions [abstract] | ||
Other provisions, beginning balance | 253 | 298 |
Additions | 87 | |
Amounts utilised | (3) | |
Unused amounts reversed | (135) | |
Exchange and other movements | 6 | |
Impact on transition to IFRS 9 | 284 | |
Net change in expected credit loss provision and other movements | (20) | |
Other provisions, ending balance | $ 517 | $ 253 |
Provisions - Payment protection
Provisions - Payment protection insurance (Details) policy in Millions, complaint in Millions, $ in Millions | 12 Months Ended | 228 Months Ended | ||||
Dec. 31, 2018USD ($)complaintpolicy | Dec. 31, 2017USD ($) | Dec. 31, 2016USD ($) | Dec. 31, 2018USD ($)complaintpolicy | Jan. 01, 2018USD ($) | [1] | |
Disclosure of other provisions [line items] | ||||||
Other provisions | $ 2,920 | $ 4,011 | $ 4,773 | $ 2,920 | $ 4,295 | |
Additions | 2,220 | |||||
Amounts utilised | 1,882 | |||||
Net insurance premium income | 10,659 | 9,779 | $ 9,951 | |||
Insurance Provision | ||||||
Disclosure of other provisions [line items] | ||||||
Other provisions | 555 | $ 1,174 | $ 555 | |||
Net change in expected credit loss provision and other movements | $ 79 | |||||
Liability calculation, annual basis spread on simple interest rate | 8.00% | |||||
Payment Protection Insurance | ||||||
Disclosure of other provisions [line items] | ||||||
Number of policies sold | policy | 5.4 | |||||
Net insurance premium income | $ 3,300 | |||||
Gross written premiums | $ 4,400 | |||||
Number of complaints expected to be received | complaint | 2.3 | 2.3 | ||||
Complaints expected to be received as a percent of policies sold | 42.00% | 42.00% | ||||
Number of policies expected to make contact | policy | 2.6 | 2.6 | ||||
Policies expected to make contact, as a percent of principal | 49.00% | 49.00% | ||||
[1] | Balances at 1 January 2018 have been prepared in accordance with accounting policies referred to on page 263. 31 December 2017 balances have not been re-presented. Information regarding the effects of adoption of IFRS 9 can be found in Note 37. |
Provisions - Cumulative payment
Provisions - Cumulative payment protection insurance complains received and future claims expected (Details) - Payment Protection Insurance policy in Thousands | Dec. 31, 2018USD ($)policy |
Disclosure of other provisions [line items] | |
Cumulative actual inbound complaints (000s of policies) | 1,777 |
Future expected inbound complaints (000s of policies) | 183 |
Cumulative actual outbound contact (000s of policies) | 685 |
Future expected outbound contact (000s of policies) | 0 |
Cumulative actual response rate to outbound contact | 4400.00% |
Cumulative actual average uphold rate per claim | 7700.00% |
Future expected average uphold rate per claim | 8300.00% |
Cumulative actual average redress per claim ($) | $ | $ 2,729,000,000 |
Future expected average redress per claim ($) | $ | $ 3,130,000,000 |
Cumulative actual complaints to Financial Ombudsman Service (000s of policies) | 166 |
Future expected complaints to Financial Ombudsman Service (000s of policies) | 9 |
Cumulative actual average uphold rate per Financial Ombudsman Service claim | 3800.00% |
Future expected average uphold rate per Financial Ombudsman Service claim | 3200.00% |
Provisions - Sensitivity analys
Provisions - Sensitivity analysis of inbound and outbound claims (Details) $ in Millions | Dec. 31, 2018USD ($)policy |
Other Provisions, Contingent Liabilities And Contingent Assets [Abstract] | |
Reasonably possible increase in number of inbound claims | 100,000 |
Reasonably possible decrease in number of inbound claims | 100,000 |
Increase (decrease) in redress provision due to reasonably possible increase in inbound claims | $ | $ 260 |
Subordinated liabilities - HSBC
Subordinated liabilities - HSBC's subordinated liabilities (Details) - USD ($) $ in Millions | Dec. 31, 2018 | Dec. 31, 2017 |
Disclosure of financial liabilities [line items] | ||
Financial liabilities | $ 2,260,288 | $ 2,220,739 |
HSBC Holdings | ||
Disclosure of financial liabilities [line items] | ||
Financial liabilities | 97,614 | 87,730 |
Subordinated liabilities | ||
Disclosure of financial liabilities [line items] | ||
Financial liabilities | 37,130 | 44,116 |
Subordinated liabilities | HSBC Subsidiaries | ||
Disclosure of financial liabilities [line items] | ||
Financial liabilities | 13,168 | 15,470 |
Subordinated liabilities | HSBC Holdings | ||
Disclosure of financial liabilities [line items] | ||
Financial liabilities | 23,962 | 28,646 |
Subordinated liabilities | HSBC Holdings | ||
Disclosure of financial liabilities [line items] | ||
Financial liabilities | 24,997 | 29,271 |
At cost | Subordinated liabilities | ||
Disclosure of financial liabilities [line items] | ||
Financial liabilities | 22,437 | 19,826 |
At cost | Subordinated liabilities | HSBC Holdings | ||
Disclosure of financial liabilities [line items] | ||
Financial liabilities | 17,715 | 15,877 |
At cost | Subordinated liabilities | ||
Disclosure of financial liabilities [line items] | ||
Financial liabilities | 20,651 | 17,988 |
At cost | Subordinated liabilities | HSBC Holdings | ||
Disclosure of financial liabilities [line items] | ||
Financial liabilities | 17,715 | 15,877 |
At cost | Preferred securities | ||
Disclosure of financial liabilities [line items] | ||
Financial liabilities | 1,786 | 1,838 |
Financial liabilities designated at fair value | ||
Disclosure of financial liabilities [line items] | ||
Financial liabilities | 148,505 | 94,429 |
Financial liabilities designated at fair value | HSBC Holdings | ||
Disclosure of financial liabilities [line items] | ||
Financial liabilities | 25,049 | 30,890 |
Financial liabilities designated at fair value | Subordinated liabilities | ||
Disclosure of financial liabilities [line items] | ||
Financial liabilities | 14,693 | 24,290 |
Financial liabilities designated at fair value | Subordinated liabilities | HSBC Holdings | ||
Disclosure of financial liabilities [line items] | ||
Financial liabilities | 7,282 | 13,394 |
Financial liabilities designated at fair value | Subordinated liabilities | ||
Disclosure of financial liabilities [line items] | ||
Financial liabilities | 14,282 | 23,831 |
Financial liabilities designated at fair value | Subordinated liabilities | HSBC Holdings | ||
Disclosure of financial liabilities [line items] | ||
Financial liabilities | 7,282 | 13,394 |
Financial liabilities designated at fair value | Preferred securities | ||
Disclosure of financial liabilities [line items] | ||
Financial liabilities | $ 411 | $ 459 |
Subordinated liabilities - HS_2
Subordinated liabilities - HSBC's subordinated liabilities (commentary) (Details) | Dec. 31, 2018 |
Preferred securities | |
Disclosure of financial liabilities [line items] | |
Preferred securities maximum rate | 10.176% |
Subordinated liabilities - HS_3
Subordinated liabilities - HSBC's subordinated liabilities in issue (Details) | Dec. 31, 2018USD ($) | Dec. 31, 2018GBP (£) | Dec. 31, 2018MYR (RM) | Dec. 31, 2017USD ($) |
Disclosure of financial liabilities [line items] | ||||
Financial liabilities | $ 2,260,288,000,000 | $ 2,220,739,000,000 | ||
Subordinated liabilities | ||||
Disclosure of financial liabilities [line items] | ||||
Financial liabilities | 37,130,000,000 | 44,116,000,000 | ||
HSBC Subsidiaries | Subordinated liabilities | ||||
Disclosure of financial liabilities [line items] | ||||
Financial liabilities | 13,168,000,000 | 15,470,000,000 | ||
HSBC Holdings | ||||
Disclosure of financial liabilities [line items] | ||||
Financial liabilities | 97,614,000,000 | 87,730,000,000 | ||
HSBC Holdings | Subordinated liabilities | ||||
Disclosure of financial liabilities [line items] | ||||
Financial liabilities | 23,962,000,000 | 28,646,000,000 | ||
HSBC Holdings | Subordinated liabilities | ||||
Disclosure of financial liabilities [line items] | ||||
Financial liabilities | 24,997,000,000 | 29,271,000,000 | ||
Non-convertible subordinated obligations | HSBC Holdings | Subordinated liabilities | ||||
Disclosure of financial liabilities [line items] | ||||
Financial liabilities | 60,000,000 | |||
Guaranteed By HSBC Holdings plc | HSBC Subsidiaries | Preferred securities | ||||
Disclosure of financial liabilities [line items] | ||||
Financial liabilities | 892,000,000 | 892,000,000 | ||
Guaranteed By HSBC Holdings plc | 10.176% non-cumulative step-up perpetual preferred securities, series 2 | HSBC Subsidiaries | Preferred securities | ||||
Disclosure of financial liabilities [line items] | ||||
Notional amount | $ 900,000,000 | |||
Preferred securities rate | 10.176% | 10.176% | 10.176% | |
Financial liabilities | $ 892,000,000 | 892,000,000 | ||
Guaranteed By HSBC Bank plc | HSBC Subsidiaries | Preferred securities | ||||
Disclosure of financial liabilities [line items] | ||||
Financial liabilities | $ 1,305,000,000 | 1,405,000,000 | ||
Guaranteed By HSBC Bank plc | 5.862% non-cumulative step-up perpetual preferred securities | HSBC Subsidiaries | Preferred securities | ||||
Disclosure of financial liabilities [line items] | ||||
Notional amount | £ | £ 300,000,000 | |||
Preferred securities rate | 5.862% | 5.862% | 5.862% | |
Financial liabilities | $ 411,000,000 | 459,000,000 | ||
Guaranteed By HSBC Bank plc | 5.844% non-cumulative step-up perpetual preferred securities | HSBC Subsidiaries | Preferred securities | ||||
Disclosure of financial liabilities [line items] | ||||
Notional amount | £ | £ 700,000,000 | |||
Preferred securities rate | 5.844% | 5.844% | 5.844% | |
Financial liabilities | $ 894,000,000 | 946,000,000 | ||
HSBC Bank plc | HSBC Subsidiaries | Subordinated liabilities | ||||
Disclosure of financial liabilities [line items] | ||||
Financial liabilities | 4,546,000,000 | 5,427,000,000 | ||
HSBC Bank plc | Undated Floating Rate Primary Capital Notes and 7.65% Subordinated Notes | HSBC Subsidiaries | Subordinated liabilities | ||||
Disclosure of financial liabilities [line items] | ||||
Financial liabilities | 1,850,000,000 | 1,925,000,000 | ||
HSBC Bank plc | $750m Undated Floating Rate Primary Capital Notes | HSBC Subsidiaries | Subordinated liabilities | ||||
Disclosure of financial liabilities [line items] | ||||
Notional amount | 750,000,000 | |||
Financial liabilities | 750,000,000 | 750,000,000 | ||
HSBC Bank plc | $500m Undated Floating Rate Primary Capital Notes | HSBC Subsidiaries | Subordinated liabilities | ||||
Disclosure of financial liabilities [line items] | ||||
Notional amount | 500,000,000 | |||
Financial liabilities | 500,000,000 | 500,000,000 | ||
HSBC Bank plc | $300m Undated Floating Rate Primary Capital Notes, Series 3 | HSBC Subsidiaries | Subordinated liabilities | ||||
Disclosure of financial liabilities [line items] | ||||
Notional amount | 300,000,000 | |||
Financial liabilities | 300,000,000 | 300,000,000 | ||
HSBC Bank plc | 7.65% subordinated notes | HSBC Subsidiaries | Subordinated liabilities | ||||
Disclosure of financial liabilities [line items] | ||||
Notional amount | $ 300,000,000 | |||
Borrowings interest rate | 7.65% | 7.65% | 7.65% | |
Financial liabilities | $ 300,000,000 | 375,000,000 | ||
HSBC Bank plc | 5.00% callable subordinated notes | HSBC Subsidiaries | Subordinated liabilities | ||||
Disclosure of financial liabilities [line items] | ||||
Notional amount | £ | £ 350,000,000 | |||
Borrowings interest rate | 5.00% | 5.00% | 5.00% | |
Financial liabilities | $ 0 | 496,000,000 | ||
HSBC Bank plc | 6.50% subordinated notes | HSBC Subsidiaries | Subordinated liabilities | ||||
Disclosure of financial liabilities [line items] | ||||
Notional amount | £ | £ 300,000,000 | |||
Borrowings interest rate | 6.50% | 6.50% | 6.50% | |
Financial liabilities | $ 382,000,000 | 405,000,000 | ||
HSBC Bank plc | 5.375% callable subordinated step-up notes | HSBC Subsidiaries | Subordinated liabilities | ||||
Disclosure of financial liabilities [line items] | ||||
Notional amount | £ | £ 350,000,000 | |||
Borrowings interest rate | 5.375% | 5.375% | 5.375% | |
Financial liabilities | $ 513,000,000 | 584,000,000 | ||
HSBC Bank plc | 5.375% subordinated notes | HSBC Subsidiaries | Subordinated liabilities | ||||
Disclosure of financial liabilities [line items] | ||||
Notional amount | £ | £ 500,000,000 | |||
Borrowings interest rate | 5.375% | 5.375% | 5.375% | |
Financial liabilities | $ 757,000,000 | 912,000,000 | ||
HSBC Bank plc | 6.25% subordinated notes | HSBC Subsidiaries | Subordinated liabilities | ||||
Disclosure of financial liabilities [line items] | ||||
Notional amount | £ | £ 225,000,000 | |||
Borrowings interest rate | 6.25% | 6.25% | 6.25% | |
Financial liabilities | $ 286,000,000 | 303,000,000 | ||
HSBC Bank plc | 4.75% subordinated notes | HSBC Subsidiaries | Subordinated liabilities | ||||
Disclosure of financial liabilities [line items] | ||||
Notional amount | £ | £ 600,000,000 | |||
Borrowings interest rate | 4.75% | 4.75% | 4.75% | |
Financial liabilities | $ 758,000,000 | 802,000,000 | ||
The Hongkong and Shanghai Banking Corporation Limited | HSBC Subsidiaries | Subordinated liabilities | ||||
Disclosure of financial liabilities [line items] | ||||
Financial liabilities | 400,000,000 | 400,000,000 | ||
The Hongkong and Shanghai Banking Corporation Limited | Primary capital undated floating rate notes (third series) | HSBC Subsidiaries | Subordinated liabilities | ||||
Disclosure of financial liabilities [line items] | ||||
Notional amount | 400,000,000 | |||
Financial liabilities | 400,000,000 | 400,000,000 | ||
HSBC Bank Malaysia Berhad | HSBC Subsidiaries | Subordinated liabilities | ||||
Disclosure of financial liabilities [line items] | ||||
Financial liabilities | $ 121,000,000 | 123,000,000 | ||
HSBC Bank Malaysia Berhad | 5.05% subordinated bonds | HSBC Subsidiaries | Subordinated liabilities | ||||
Disclosure of financial liabilities [line items] | ||||
Notional amount | RM | RM 500,000,000 | |||
Borrowings interest rate | 5.05% | 5.05% | 5.05% | |
Financial liabilities | $ 121,000,000 | 123,000,000 | ||
HSBC Securities (USA) Inc. | HSBC Subsidiaries | Subordinated liabilities | ||||
Disclosure of financial liabilities [line items] | ||||
Financial liabilities | 1,237,000,000 | 1,246,000,000 | ||
HSBC Securities (USA) Inc. | 5.00% subordinated notes | HSBC Subsidiaries | Subordinated liabilities | ||||
Disclosure of financial liabilities [line items] | ||||
Notional amount | $ 750,000,000 | |||
Borrowings interest rate | 5.00% | 5.00% | 5.00% | |
Financial liabilities | $ 747,000,000 | 748,000,000 | ||
HSBC Securities (USA) Inc. | 7.20% subordinated debentures | HSBC Subsidiaries | Subordinated liabilities | ||||
Disclosure of financial liabilities [line items] | ||||
Notional amount | $ 250,000,000 | |||
Borrowings interest rate | 7.20% | 7.20% | 7.20% | |
Financial liabilities | $ 221,000,000 | 221,000,000 | ||
HSBC Securities (USA) Inc. | Other subordinated liabilities each less than $150m | HSBC Subsidiaries | Subordinated liabilities | ||||
Disclosure of financial liabilities [line items] | ||||
Financial liabilities | 269,000,000 | 277,000,000 | ||
HSBC Bank USA, N.A. | HSBC Subsidiaries | Subordinated liabilities | ||||
Disclosure of financial liabilities [line items] | ||||
Financial liabilities | 3,858,000,000 | 4,163,000,000 | ||
HSBC Bank USA, N.A. | 4.875% subordinated notes | HSBC Subsidiaries | Subordinated liabilities | ||||
Disclosure of financial liabilities [line items] | ||||
Notional amount | $ 1,250,000,000 | |||
Borrowings interest rate | 4.875% | 4.875% | 4.875% | |
Financial liabilities | $ 1,226,000,000 | 1,236,000,000 | ||
HSBC Bank USA, N.A. | 5.875% subordinated notes | HSBC Subsidiaries | Subordinated liabilities | ||||
Disclosure of financial liabilities [line items] | ||||
Notional amount | $ 1,000,000,000 | |||
Borrowings interest rate | 5.875% | 5.875% | 5.875% | |
Financial liabilities | $ 1,106,000,000 | 1,272,000,000 | ||
HSBC Bank USA, N.A. | 5.625% subordinated notes | HSBC Subsidiaries | Subordinated liabilities | ||||
Disclosure of financial liabilities [line items] | ||||
Notional amount | $ 750,000,000 | |||
Borrowings interest rate | 5.625% | 5.625% | 5.625% | |
Financial liabilities | $ 829,000,000 | 955,000,000 | ||
HSBC Bank USA, N.A. | 7.00% subordinated notes | HSBC Subsidiaries | Subordinated liabilities | ||||
Disclosure of financial liabilities [line items] | ||||
Notional amount | $ 700,000,000 | |||
Borrowings interest rate | 7.00% | 7.00% | 7.00% | |
Financial liabilities | $ 697,000,000 | 700,000,000 | ||
HSBC Finance Corporation | 6.676% senior subordinated notes | HSBC Subsidiaries | Subordinated liabilities | ||||
Disclosure of financial liabilities [line items] | ||||
Notional amount | $ 2,939,000,000 | |||
Borrowings interest rate | 6.676% | 6.676% | 6.676% | |
Financial liabilities | $ 507,000,000 | 1,092,000,000 | ||
HSBC Bank Canada | HSBC Subsidiaries | Subordinated liabilities | ||||
Disclosure of financial liabilities [line items] | ||||
Financial liabilities | 29,000,000 | 31,000,000 | ||
HSBC Bank Canada | Other subordinated liabilities each less than $150m | HSBC Subsidiaries | Subordinated liabilities | ||||
Disclosure of financial liabilities [line items] | ||||
Financial liabilities | 29,000,000 | 31,000,000 | ||
HSBC Mexico, S.A. | HSBC Subsidiaries | Subordinated liabilities | ||||
Disclosure of financial liabilities [line items] | ||||
Financial liabilities | 0 | 355,000,000 | ||
HSBC Mexico, S.A. | Other subordinated liabilities each less than $150m | HSBC Subsidiaries | Subordinated liabilities | ||||
Disclosure of financial liabilities [line items] | ||||
Financial liabilities | 0 | 115,000,000 | ||
HSBC Mexico, S.A. | Non-convertible subordinated obligations | HSBC Subsidiaries | Subordinated liabilities | ||||
Disclosure of financial liabilities [line items] | ||||
Notional amount | 300,000,000 | |||
Financial liabilities | 0 | 240,000,000 | ||
Other HSBC Subsidiaries | Other subordinated liabilities each less than $200m | HSBC Subsidiaries | Subordinated liabilities | ||||
Disclosure of financial liabilities [line items] | ||||
Financial liabilities | $ 273,000,000 | $ 336,000,000 | ||
Three Month London Interbank Offered Rate LIBOR | HSBC Bank plc | 5.375% callable subordinated step-up notes | HSBC Subsidiaries | Subordinated liabilities | ||||
Disclosure of financial liabilities [line items] | ||||
Borrowings, adjustment to interest rate basis | 1.50% | 1.50% | 1.50% |
Subordinated liabilities - HS_4
Subordinated liabilities - HSBC Holdings Subordinated Liabilities (Details) - USD ($) $ in Millions | Dec. 31, 2018 | Dec. 31, 2017 |
Disclosure of financial liabilities [line items] | ||
Financial liabilities | $ 2,260,288 | $ 2,220,739 |
HSBC Holdings | ||
Disclosure of financial liabilities [line items] | ||
Financial liabilities | 97,614 | 87,730 |
HSBC Holdings | Subordinated liabilities | ||
Disclosure of financial liabilities [line items] | ||
Financial liabilities | 24,997 | 29,271 |
At cost | Subordinated liabilities | ||
Disclosure of financial liabilities [line items] | ||
Financial liabilities | 20,651 | 17,988 |
At cost | HSBC Holdings | Subordinated liabilities | ||
Disclosure of financial liabilities [line items] | ||
Financial liabilities | 17,715 | 15,877 |
Financial liabilities designated at fair value | ||
Disclosure of financial liabilities [line items] | ||
Financial liabilities | 148,505 | 94,429 |
Financial liabilities designated at fair value | Subordinated liabilities | ||
Disclosure of financial liabilities [line items] | ||
Financial liabilities | 14,282 | 23,831 |
Financial liabilities designated at fair value | HSBC Holdings | ||
Disclosure of financial liabilities [line items] | ||
Financial liabilities | 25,049 | 30,890 |
Financial liabilities designated at fair value | HSBC Holdings | Subordinated liabilities | ||
Disclosure of financial liabilities [line items] | ||
Financial liabilities | $ 7,282 | $ 13,394 |
Subordinated liabilities - HS_5
Subordinated liabilities - HSBC Holdings' schedule of subordinated liabilities (Details) | Dec. 31, 2018USD ($) | Dec. 31, 2018GBP (£) | Dec. 31, 2018EUR (€) | Dec. 31, 2017USD ($) | Dec. 31, 2017EUR (€) |
Disclosure of financial liabilities [line items] | |||||
Financial liabilities | $ 2,260,288,000,000 | $ 2,220,739,000,000 | |||
HSBC Holdings | |||||
Disclosure of financial liabilities [line items] | |||||
Financial liabilities | 97,614,000,000 | 87,730,000,000 | |||
HSBC Holdings | Subordinated liabilities | |||||
Disclosure of financial liabilities [line items] | |||||
Financial liabilities | 24,997,000,000 | 29,271,000,000 | |||
Borrowings Issued To Third Parties | HSBC Holdings | Subordinated liabilities | |||||
Disclosure of financial liabilities [line items] | |||||
Financial liabilities | 24,105,000,000 | 28,379,000,000 | |||
4.25% Subordinated Notes Due March 2024 | HSBC Holdings | Subordinated liabilities | |||||
Disclosure of financial liabilities [line items] | |||||
Notional amount | $ 2,000,000,000 | ||||
Borrowings interest rate | 4.25% | 4.25% | 4.25% | ||
Financial liabilities | $ 2,001,000,000 | 2,038,000,000 | |||
4.25% Subordinated Notes Due August 2025 | HSBC Holdings | Subordinated liabilities | |||||
Disclosure of financial liabilities [line items] | |||||
Notional amount | $ 1,500,000,000 | ||||
Borrowings interest rate | 4.25% | 4.25% | 4.25% | ||
Financial liabilities | $ 1,494,000,000 | 1,586,000,000 | |||
4.375% Subordinated Notes Due Nov 2026 | HSBC Holdings | Subordinated liabilities | |||||
Disclosure of financial liabilities [line items] | |||||
Notional amount | $ 1,500,000,000 | ||||
Borrowings interest rate | 4.375% | 4.375% | 4.375% | ||
Financial liabilities | $ 1,470,000,000 | 1,580,000,000 | |||
7.625% Subordinated Notes Due May 2032 | HSBC Holdings | Subordinated liabilities | |||||
Disclosure of financial liabilities [line items] | |||||
Notional amount | $ 488,000,000 | ||||
Borrowings interest rate | 7.625% | 7.625% | 7.625% | ||
Financial liabilities | $ 549,000,000 | 553,000,000 | |||
7.35% Subordinated Notes Due November 2032 | HSBC Holdings | Subordinated liabilities | |||||
Disclosure of financial liabilities [line items] | |||||
Notional amount | $ 222,000,000 | ||||
Borrowings interest rate | 7.35% | 7.35% | 7.35% | ||
Financial liabilities | $ 246,000,000 | 248,000,000 | |||
6.5% Subordinated Notes Due May 2036 | HSBC Holdings | Subordinated liabilities | |||||
Disclosure of financial liabilities [line items] | |||||
Notional amount | $ 2,000,000,000 | ||||
Borrowings interest rate | 6.50% | 6.50% | 6.50% | ||
Financial liabilities | $ 2,040,000,000 | 2,042,000,000 | |||
6.5% Subordinated Notes Due September 2037 | HSBC Holdings | Subordinated liabilities | |||||
Disclosure of financial liabilities [line items] | |||||
Notional amount | $ 2,500,000,000 | ||||
Borrowings interest rate | 6.50% | 6.50% | 6.50% | ||
Financial liabilities | $ 2,419,000,000 | 3,365,000,000 | |||
6.8% Subordinated Notes Due June 2038 | HSBC Holdings | Subordinated liabilities | |||||
Disclosure of financial liabilities [line items] | |||||
Notional amount | $ 1,500,000,000 | ||||
Borrowings interest rate | 6.80% | 6.80% | 6.80% | ||
Financial liabilities | $ 1,489,000,000 | 1,489,000,000 | |||
5.25% Subordinated Notes Due March 2044 | HSBC Holdings | Subordinated liabilities | |||||
Disclosure of financial liabilities [line items] | |||||
Notional amount | $ 1,500,000,000 | ||||
Borrowings interest rate | 5.25% | 5.25% | 5.25% | ||
Financial liabilities | $ 1,661,000,000 | 1,755,000,000 | |||
5.75% Subordinated Notes Due December 2027 | HSBC Holdings | Subordinated liabilities | |||||
Disclosure of financial liabilities [line items] | |||||
Notional amount | £ | £ 650,000,000 | ||||
Borrowings interest rate | 5.75% | 5.75% | 5.75% | ||
Financial liabilities | $ 960,000,000 | 1,114,000,000 | |||
6.75% Subordinated Notes Due September 2028 | HSBC Holdings | Subordinated liabilities | |||||
Disclosure of financial liabilities [line items] | |||||
Notional amount | £ | £ 650,000,000 | ||||
Borrowings interest rate | 6.75% | 6.75% | 6.75% | ||
Financial liabilities | $ 826,000,000 | 873,000,000 | |||
7.0% Subordinated Notes Due April 2038 | HSBC Holdings | Subordinated liabilities | |||||
Disclosure of financial liabilities [line items] | |||||
Notional amount | £ | £ 750,000,000 | ||||
Borrowings interest rate | 7.00% | 7.00% | 7.00% | ||
Financial liabilities | $ 992,000,000 | 1,043,000,000 | |||
6.0% Subordinated Notes Due March 2040 | HSBC Holdings | Subordinated liabilities | |||||
Disclosure of financial liabilities [line items] | |||||
Notional amount | £ | £ 900,000,000 | ||||
Borrowings interest rate | 6.00% | 6.00% | 6.00% | ||
Financial liabilities | $ 1,156,000,000 | $ 1,199,000,000 | |||
6.25% Subordinated Notes Due March 2018 | HSBC Holdings | Subordinated liabilities | |||||
Disclosure of financial liabilities [line items] | |||||
Notional amount | € | € 1,600,000,000 | ||||
Borrowings interest rate | 6.25% | 6.25% | |||
Financial liabilities | $ 0 | $ 1,918,000,000 | |||
6.0% Subordinated Notes Due June 2019 | HSBC Holdings | Subordinated liabilities | |||||
Disclosure of financial liabilities [line items] | |||||
Notional amount | € | € 1,750,000,000 | ||||
Borrowings interest rate | 6.00% | 6.00% | 6.00% | ||
Financial liabilities | $ 2,125,000,000 | 2,349,000,000 | |||
3.375% Subordinated Notes Due January 2024 | HSBC Holdings | Subordinated liabilities | |||||
Disclosure of financial liabilities [line items] | |||||
Notional amount | € | € 1,500,000,000 | ||||
Borrowings interest rate | 3.375% | 3.375% | 3.375% | ||
Financial liabilities | $ 1,719,000,000 | 1,827,000,000 | |||
3.0% Subordinated Notes Due June 2025 | HSBC Holdings | Subordinated liabilities | |||||
Disclosure of financial liabilities [line items] | |||||
Notional amount | € | € 1,500,000,000 | ||||
Borrowings interest rate | 3.00% | 3.00% | 3.00% | ||
Financial liabilities | $ 1,725,000,000 | 2,037,000,000 | |||
3.125% Subordinated Notes Due June 2028 | HSBC Holdings | Subordinated liabilities | |||||
Disclosure of financial liabilities [line items] | |||||
Notional amount | € | € 1,000,000,000 | ||||
Borrowings interest rate | 3.125% | 3.125% | 3.125% | ||
Financial liabilities | $ 1,233,000,000 | 1,363,000,000 | |||
Borrowings Issued To Related Parties | HSBC Holdings | Subordinated liabilities | |||||
Disclosure of financial liabilities [line items] | |||||
Financial liabilities | 892,000,000 | 892,000,000 | |||
10.176% Subordinated Step-up Cumulative Notes Due June 2040 | HSBC Holdings | Subordinated liabilities | |||||
Disclosure of financial liabilities [line items] | |||||
Notional amount | $ 900,000,000 | ||||
Borrowings interest rate | 10.176% | 10.176% | 10.176% | ||
Financial liabilities | $ 892,000,000 | $ 892,000,000 |
Maturity analysis of assets, _3
Maturity analysis of assets, liabilities and off-balance sheet commitments (Details) - USD ($) $ in Millions | Dec. 31, 2018 | Jan. 01, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | ||
Financial assets | ||||||
Cash and balances at central banks | $ 162,843 | $ 180,621 | [1] | $ 180,624 | $ 128,009 | |
Items in the course of collection from other banks | 5,787 | 6,628 | [1] | 6,628 | 5,003 | |
Hong Kong Government certificates of indebtedness | 35,859 | 34,186 | [1] | 34,186 | ||
Trading assets | 238,130 | 254,410 | [1] | 287,995 | ||
Financial assets designated or otherwise mandatorily measured at fair value | 41,111 | 39,746 | [1] | 29,464 | ||
Derivatives | 207,825 | 219,818 | [1] | 219,818 | ||
Loans and advances to banks | 72,167 | 82,559 | [1] | 90,393 | ||
Loans and advances to customers | 981,696 | 949,737 | [1] | 962,964 | 861,504 | |
– personal | 391,390 | 374,762 | ||||
– corporate and commercial | 529,025 | 516,754 | ||||
– financial | 61,281 | 71,448 | ||||
Reverse repurchase agreements – non-trading | 242,804 | 201,553 | [1] | 201,553 | ||
Financial investments in HSBC undertakings | 407,433 | |||||
Financial investments | 407,433 | 383,499 | [1] | 389,076 | ||
Accrued income and other financial assets | 75,548 | 31,084 | ||||
Financial assets | 2,471,203 | 2,433,785 | ||||
Non-financial assets | 86,921 | 87,986 | ||||
Total assets | 2,558,124 | 2,518,430 | [1] | 2,521,771 | 2,374,986 | |
Off-balance sheet commitments received | ||||||
Loan and other credit-related commitments | 74,222 | 36,200 | ||||
Financial liabilities | ||||||
Hong Kong currency notes in circulation | 35,859 | 34,186 | [1] | 34,186 | ||
Deposits from banks | 56,331 | 64,492 | [1] | 69,922 | ||
Customer accounts | 1,362,643 | 1,360,227 | [1] | 1,364,462 | 1,272,386 | |
– personal | 696,969 | 701,433 | ||||
– corporate and commercial | 499,158 | 492,895 | ||||
– financial | 166,516 | 170,134 | ||||
Repurchase agreements – non-trading | 165,884 | 130,002 | [1] | 130,002 | ||
Items in the course of transmission to other banks | 5,641 | 6,850 | [1] | 6,850 | 5,977 | |
Trading liabilities | 84,431 | 80,864 | [1] | 184,361 | ||
Financial liabilities designated at fair value | 148,505 | 144,006 | [1] | 94,429 | ||
Derivatives | 205,835 | 216,821 | [1] | 216,821 | ||
Debt securities in issue | 85,342 | 66,536 | [1] | 64,546 | ||
Accruals and other financial liabilities | 87,380 | 35,334 | ||||
Subordinated liabilities | 22,437 | 25,861 | [1] | 19,826 | ||
Financial liabilities | 2,260,288 | 2,220,739 | ||||
Non-financial liabilities | 103,587 | 103,161 | ||||
Total liabilities | 2,363,875 | 2,322,206 | [1] | 2,323,900 | ||
Off-balance sheet commitments given | ||||||
Loan and other credit-related commitments | 780,266 | 729,486 | ||||
Customer accounts, insured by guarantee schemes | 364,729 | 386,417 | ||||
Increase due to corrections of prior period errors | ||||||
Off-balance sheet commitments received | ||||||
Loan and other credit-related commitments | 30,000 | |||||
Off-balance sheet commitments given | ||||||
Loan and other credit-related commitments | 44,000 | |||||
HSBC Holdings | ||||||
Financial assets | ||||||
– balances with HSBC undertakings | 3,509 | 1,985 | [2] | 1,985 | $ 247 | [3] |
Derivatives | 707 | 2,388 | [2] | 2,388 | ||
Loans and advances to banks | 56,144 | 76,627 | [2] | 76,627 | ||
Loans and advances to HSBC undertakings designated and otherwise mandatorily measured at fair value | 23,513 | 16,208 | [2] | 11,944 | ||
Financial investments in HSBC undertakings | 0 | |||||
Financial investments | 0 | 0 | [2] | 4,264 | ||
Accrued income and other financial assets | 60 | 127 | ||||
Financial assets | 83,933 | 97,335 | ||||
Non-financial assets | 161,248 | 94,399 | ||||
Total assets | 245,181 | 191,559 | [2] | 191,734 | ||
Financial liabilities | ||||||
Amounts owed to HSBC undertakings | 949 | 2,571 | [2] | 2,571 | ||
Financial liabilities designated at fair value | 25,049 | 25,488 | [2] | 30,890 | ||
Derivatives | 2,159 | 3,082 | [2] | 3,082 | ||
Debt securities in issue | 50,800 | 34,258 | [2] | 34,258 | ||
Accruals and other financial liabilities | 942 | 1,052 | ||||
Subordinated liabilities | 17,715 | 20,139 | [2] | 15,877 | ||
Financial liabilities | 97,614 | 87,730 | ||||
Non-financial liabilities | 214 | 217 | ||||
Total liabilities | 97,828 | $ 86,882 | [2] | 87,947 | ||
Off-balance sheet commitments given | ||||||
Loan and other credit-related commitments | 0 | 0 | ||||
Personal | ||||||
Off-balance sheet commitments given | ||||||
Loan and other credit-related commitments | 206,055 | 194,310 | ||||
Corporate and commercial | ||||||
Off-balance sheet commitments given | ||||||
Loan and other credit-related commitments | 447,818 | 434,125 | ||||
– financial | ||||||
Off-balance sheet commitments given | ||||||
Loan and other credit-related commitments | 126,393 | 101,051 | ||||
– debt securities in issue: covered bonds | ||||||
Financial liabilities | ||||||
Financial liabilities designated at fair value | 5,253 | 4,569 | ||||
Debt securities in issue | 748 | 48 | ||||
– debt securities in issue: unsecured | ||||||
Financial liabilities | ||||||
Financial liabilities designated at fair value | 104,064 | 59,790 | ||||
Debt securities in issue | 78,548 | 56,808 | ||||
– subordinated liabilities and preferred securities | ||||||
Financial liabilities | ||||||
Financial liabilities designated at fair value | 14,693 | 24,290 | ||||
– subordinated liabilities and preferred securities | HSBC Holdings | ||||||
Financial liabilities | ||||||
Financial liabilities designated at fair value | 7,282 | 13,394 | ||||
– other | ||||||
Financial liabilities | ||||||
Financial liabilities designated at fair value | 24,495 | 5,780 | ||||
– debt securities in issue: otherwise secured | ||||||
Financial liabilities | ||||||
Debt securities in issue | 6,046 | 7,690 | ||||
Debt securities in issue | ||||||
Financial liabilities | ||||||
Financial liabilities | 196,093 | 169,639 | ||||
Debt securities in issue | HSBC Holdings | ||||||
Financial liabilities | ||||||
Financial liabilities designated at fair value | 17,767 | 17,496 | ||||
Financial liabilities | 68,567 | 51,754 | ||||
Due not more than 1 month | ||||||
Financial assets | ||||||
Cash and balances at central banks | 162,843 | 180,624 | ||||
Items in the course of collection from other banks | 5,787 | 6,628 | ||||
Hong Kong Government certificates of indebtedness | 35,859 | 34,186 | ||||
Trading assets | 235,443 | 284,781 | ||||
Financial assets designated or otherwise mandatorily measured at fair value | 7,743 | 612 | ||||
Derivatives | 206,925 | 218,103 | ||||
Loans and advances to banks | 40,114 | 61,968 | ||||
Loans and advances to customers | 178,613 | 195,577 | ||||
– personal | 41,967 | 42,593 | ||||
– corporate and commercial | 118,294 | 124,669 | ||||
– financial | 18,352 | 28,315 | ||||
Reverse repurchase agreements – non-trading | 172,795 | 144,244 | ||||
Financial investments in HSBC undertakings | 40,421 | |||||
Financial investments | 31,981 | |||||
Accrued income and other financial assets | 62,067 | 19,259 | ||||
Financial assets | 1,148,610 | 1,177,963 | ||||
Non-financial assets | 0 | 0 | ||||
Total assets | 1,148,610 | 1,177,963 | ||||
Off-balance sheet commitments received | ||||||
Loan and other credit-related commitments | 73,464 | 36,200 | ||||
Financial liabilities | ||||||
Hong Kong currency notes in circulation | 35,859 | 34,186 | ||||
Deposits from banks | 42,406 | 56,829 | ||||
Customer accounts | 1,225,919 | 1,269,003 | ||||
– personal | 612,325 | 648,040 | ||||
– corporate and commercial | 457,661 | 458,937 | ||||
– financial | 155,933 | 162,026 | ||||
Repurchase agreements – non-trading | 154,383 | 113,208 | ||||
Items in the course of transmission to other banks | 5,641 | 6,850 | ||||
Trading liabilities | 82,867 | 145,028 | ||||
Financial liabilities designated at fair value | 3,813 | 80 | ||||
Derivatives | 203,962 | 213,011 | ||||
Debt securities in issue | 6,777 | 6,081 | ||||
Accruals and other financial liabilities | 69,958 | 18,009 | ||||
Subordinated liabilities | 6 | 0 | ||||
Financial liabilities | 1,831,591 | 1,862,285 | ||||
Non-financial liabilities | 0 | 0 | ||||
Total liabilities | 1,831,591 | 1,862,285 | ||||
Off-balance sheet commitments given | ||||||
Loan and other credit-related commitments | 769,311 | 669,485 | ||||
Due not more than 1 month | HSBC Holdings | ||||||
Financial assets | ||||||
– balances with HSBC undertakings | 3,509 | 1,985 | ||||
Derivatives | 540 | 1,952 | ||||
Loans and advances to banks | 3,052 | 4,861 | ||||
Loans and advances to HSBC undertakings designated and otherwise mandatorily measured at fair value | 0 | 0 | ||||
Financial investments in HSBC undertakings | 0 | |||||
Financial investments | 17 | |||||
Accrued income and other financial assets | 33 | 0 | ||||
Financial assets | 7,134 | 8,815 | ||||
Non-financial assets | 0 | 0 | ||||
Total assets | 7,134 | 8,815 | ||||
Financial liabilities | ||||||
Amounts owed to HSBC undertakings | 0 | 120 | ||||
Financial liabilities designated at fair value | 0 | 0 | ||||
Derivatives | 1,321 | 2,008 | ||||
Debt securities in issue | 0 | 0 | ||||
Accruals and other financial liabilities | 319 | 439 | ||||
Subordinated liabilities | 0 | 0 | ||||
Financial liabilities | 1,640 | 2,567 | ||||
Non-financial liabilities | 0 | 0 | ||||
Total liabilities | 1,640 | 2,567 | ||||
Off-balance sheet commitments given | ||||||
Loan and other credit-related commitments | 0 | 0 | ||||
Due not more than 1 month | Personal | ||||||
Off-balance sheet commitments given | ||||||
Loan and other credit-related commitments | 203,622 | 187,545 | ||||
Due not more than 1 month | Corporate and commercial | ||||||
Off-balance sheet commitments given | ||||||
Loan and other credit-related commitments | 441,199 | 388,778 | ||||
Due not more than 1 month | – financial | ||||||
Off-balance sheet commitments given | ||||||
Loan and other credit-related commitments | 124,490 | 93,162 | ||||
Due not more than 1 month | – debt securities in issue: covered bonds | ||||||
Financial liabilities | ||||||
Financial liabilities designated at fair value | 0 | 0 | ||||
Debt securities in issue | 0 | 0 | ||||
Due not more than 1 month | – debt securities in issue: unsecured | ||||||
Financial liabilities | ||||||
Financial liabilities designated at fair value | 981 | 55 | ||||
Debt securities in issue | 4,611 | 2,602 | ||||
Due not more than 1 month | – subordinated liabilities and preferred securities | ||||||
Financial liabilities | ||||||
Financial liabilities designated at fair value | 0 | 0 | ||||
Due not more than 1 month | – subordinated liabilities and preferred securities | HSBC Holdings | ||||||
Financial liabilities | ||||||
Financial liabilities designated at fair value | 0 | 0 | ||||
Due not more than 1 month | – other | ||||||
Financial liabilities | ||||||
Financial liabilities designated at fair value | 2,832 | 25 | ||||
Due not more than 1 month | – debt securities in issue: otherwise secured | ||||||
Financial liabilities | ||||||
Debt securities in issue | 2,166 | 3,479 | ||||
Due not more than 1 month | Debt securities in issue | HSBC Holdings | ||||||
Financial liabilities | ||||||
Financial liabilities designated at fair value | 0 | 0 | ||||
Due over 1 month but not more than 3 months | ||||||
Financial assets | ||||||
Cash and balances at central banks | 0 | 0 | ||||
Items in the course of collection from other banks | 0 | 0 | ||||
Hong Kong Government certificates of indebtedness | 0 | 0 | ||||
Trading assets | 264 | 1,432 | ||||
Financial assets designated or otherwise mandatorily measured at fair value | 49 | 93 | ||||
Derivatives | 15 | 162 | ||||
Loans and advances to banks | 10,421 | 10,665 | ||||
Loans and advances to customers | 72,072 | 65,469 | ||||
– personal | 8,736 | 9,126 | ||||
– corporate and commercial | 58,623 | 50,532 | ||||
– financial | 4,713 | 5,811 | ||||
Reverse repurchase agreements – non-trading | 41,084 | 30,289 | ||||
Financial investments in HSBC undertakings | 58,731 | |||||
Financial investments | 51,487 | |||||
Accrued income and other financial assets | 6,893 | 5,795 | ||||
Financial assets | 189,529 | 165,392 | ||||
Non-financial assets | 0 | 0 | ||||
Total assets | 189,529 | 165,392 | ||||
Off-balance sheet commitments received | ||||||
Loan and other credit-related commitments | 0 | 0 | ||||
Financial liabilities | ||||||
Hong Kong currency notes in circulation | 0 | 0 | ||||
Deposits from banks | 3,457 | 1,961 | ||||
Customer accounts | 66,990 | 44,129 | ||||
– personal | 38,132 | 22,938 | ||||
– corporate and commercial | 22,922 | 16,496 | ||||
– financial | 5,936 | 4,695 | ||||
Repurchase agreements – non-trading | 8,140 | 14,042 | ||||
Items in the course of transmission to other banks | 0 | 0 | ||||
Trading liabilities | 251 | 2,026 | ||||
Financial liabilities designated at fair value | 4,476 | 281 | ||||
Derivatives | 62 | 79 | ||||
Debt securities in issue | 11,194 | 6,295 | ||||
Accruals and other financial liabilities | 8,986 | 9,547 | ||||
Subordinated liabilities | 89 | 1,918 | ||||
Financial liabilities | 103,645 | 80,278 | ||||
Non-financial liabilities | 0 | 0 | ||||
Total liabilities | 103,645 | 80,278 | ||||
Off-balance sheet commitments given | ||||||
Loan and other credit-related commitments | 5,281 | 39,192 | ||||
Due over 1 month but not more than 3 months | HSBC Holdings | ||||||
Financial assets | ||||||
– balances with HSBC undertakings | 0 | 0 | ||||
Derivatives | 0 | 0 | ||||
Loans and advances to banks | 11,563 | 13,039 | ||||
Loans and advances to HSBC undertakings designated and otherwise mandatorily measured at fair value | 0 | 0 | ||||
Financial investments in HSBC undertakings | 0 | |||||
Financial investments | 3 | |||||
Accrued income and other financial assets | 27 | 4 | ||||
Financial assets | 11,590 | 13,046 | ||||
Non-financial assets | 0 | 0 | ||||
Total assets | 11,590 | 13,046 | ||||
Financial liabilities | ||||||
Amounts owed to HSBC undertakings | 949 | 2,405 | ||||
Financial liabilities designated at fair value | 0 | 0 | ||||
Derivatives | 0 | 0 | ||||
Debt securities in issue | 0 | 0 | ||||
Accruals and other financial liabilities | 353 | 395 | ||||
Subordinated liabilities | 0 | 1,918 | ||||
Financial liabilities | 1,302 | 4,718 | ||||
Non-financial liabilities | 0 | 0 | ||||
Total liabilities | 1,302 | 4,718 | ||||
Off-balance sheet commitments given | ||||||
Loan and other credit-related commitments | 0 | 0 | ||||
Due over 1 month but not more than 3 months | Personal | ||||||
Off-balance sheet commitments given | ||||||
Loan and other credit-related commitments | 974 | 2,001 | ||||
Due over 1 month but not more than 3 months | Corporate and commercial | ||||||
Off-balance sheet commitments given | ||||||
Loan and other credit-related commitments | 2,694 | 32,011 | ||||
Due over 1 month but not more than 3 months | – financial | ||||||
Off-balance sheet commitments given | ||||||
Loan and other credit-related commitments | 1,613 | 5,180 | ||||
Due over 1 month but not more than 3 months | – debt securities in issue: covered bonds | ||||||
Financial liabilities | ||||||
Financial liabilities designated at fair value | 0 | 0 | ||||
Debt securities in issue | 0 | 0 | ||||
Due over 1 month but not more than 3 months | – debt securities in issue: unsecured | ||||||
Financial liabilities | ||||||
Financial liabilities designated at fair value | 1,562 | 95 | ||||
Debt securities in issue | 10,094 | 6,291 | ||||
Due over 1 month but not more than 3 months | – subordinated liabilities and preferred securities | ||||||
Financial liabilities | ||||||
Financial liabilities designated at fair value | 0 | 0 | ||||
Due over 1 month but not more than 3 months | – subordinated liabilities and preferred securities | HSBC Holdings | ||||||
Financial liabilities | ||||||
Financial liabilities designated at fair value | 0 | 0 | ||||
Due over 1 month but not more than 3 months | – other | ||||||
Financial liabilities | ||||||
Financial liabilities designated at fair value | 2,914 | 186 | ||||
Due over 1 month but not more than 3 months | – debt securities in issue: otherwise secured | ||||||
Financial liabilities | ||||||
Debt securities in issue | 1,100 | 4 | ||||
Due over 1 month but not more than 3 months | Debt securities in issue | HSBC Holdings | ||||||
Financial liabilities | ||||||
Financial liabilities designated at fair value | 0 | 0 | ||||
Due over 3 months but not more than 6 months | ||||||
Financial assets | ||||||
Cash and balances at central banks | 0 | 0 | ||||
Items in the course of collection from other banks | 0 | 0 | ||||
Hong Kong Government certificates of indebtedness | 0 | 0 | ||||
Trading assets | 707 | 642 | ||||
Financial assets designated or otherwise mandatorily measured at fair value | 371 | 230 | ||||
Derivatives | 57 | 97 | ||||
Loans and advances to banks | 3,486 | 4,212 | ||||
Loans and advances to customers | 58,680 | 49,860 | ||||
– personal | 8,237 | 8,483 | ||||
– corporate and commercial | 45,918 | 36,046 | ||||
– financial | 4,525 | 5,331 | ||||
Reverse repurchase agreements – non-trading | 13,308 | 7,951 | ||||
Financial investments in HSBC undertakings | 30,464 | |||||
Financial investments | 31,634 | |||||
Accrued income and other financial assets | 2,403 | 2,050 | ||||
Financial assets | 109,476 | 96,676 | ||||
Non-financial assets | 0 | 0 | ||||
Total assets | 109,476 | 96,676 | ||||
Off-balance sheet commitments received | ||||||
Loan and other credit-related commitments | 0 | 0 | ||||
Financial liabilities | ||||||
Hong Kong currency notes in circulation | 0 | 0 | ||||
Deposits from banks | 1,043 | 1,097 | ||||
Customer accounts | 31,315 | 21,596 | ||||
– personal | 21,218 | 13,489 | ||||
– corporate and commercial | 8,029 | 6,983 | ||||
– financial | 2,068 | 1,124 | ||||
Repurchase agreements – non-trading | 1,750 | 1,592 | ||||
Items in the course of transmission to other banks | 0 | 0 | ||||
Trading liabilities | 326 | 2,177 | ||||
Financial liabilities designated at fair value | 6,878 | 2,094 | ||||
Derivatives | 135 | 141 | ||||
Debt securities in issue | 12,556 | 5,228 | ||||
Accruals and other financial liabilities | 3,296 | 2,798 | ||||
Subordinated liabilities | 3 | 73 | ||||
Financial liabilities | 57,302 | 36,796 | ||||
Non-financial liabilities | 0 | 0 | ||||
Total liabilities | 57,302 | 36,796 | ||||
Off-balance sheet commitments given | ||||||
Loan and other credit-related commitments | 941 | 3,812 | ||||
Due over 3 months but not more than 6 months | HSBC Holdings | ||||||
Financial assets | ||||||
– balances with HSBC undertakings | 0 | 0 | ||||
Derivatives | 0 | 0 | ||||
Loans and advances to banks | 158 | 3,145 | ||||
Loans and advances to HSBC undertakings designated and otherwise mandatorily measured at fair value | 0 | 0 | ||||
Financial investments in HSBC undertakings | 0 | |||||
Financial investments | 0 | |||||
Accrued income and other financial assets | 0 | 0 | ||||
Financial assets | 158 | 3,145 | ||||
Non-financial assets | 0 | 0 | ||||
Total assets | 158 | 3,145 | ||||
Financial liabilities | ||||||
Amounts owed to HSBC undertakings | 0 | 46 | ||||
Financial liabilities designated at fair value | 2,125 | 0 | ||||
Derivatives | 0 | 0 | ||||
Debt securities in issue | 0 | 0 | ||||
Accruals and other financial liabilities | 188 | 157 | ||||
Subordinated liabilities | 0 | |||||
Financial liabilities | 2,313 | 203 | ||||
Non-financial liabilities | 0 | 0 | ||||
Total liabilities | 2,313 | 203 | ||||
Off-balance sheet commitments given | ||||||
Loan and other credit-related commitments | 0 | 0 | ||||
Due over 3 months but not more than 6 months | Personal | ||||||
Off-balance sheet commitments given | ||||||
Loan and other credit-related commitments | 59 | 340 | ||||
Due over 3 months but not more than 6 months | Corporate and commercial | ||||||
Off-balance sheet commitments given | ||||||
Loan and other credit-related commitments | 799 | 2,782 | ||||
Due over 3 months but not more than 6 months | – financial | ||||||
Off-balance sheet commitments given | ||||||
Loan and other credit-related commitments | 83 | 690 | ||||
Due over 3 months but not more than 6 months | – debt securities in issue: covered bonds | ||||||
Financial liabilities | ||||||
Financial liabilities designated at fair value | 205 | 0 | ||||
Debt securities in issue | 0 | 0 | ||||
Due over 3 months but not more than 6 months | – debt securities in issue: unsecured | ||||||
Financial liabilities | ||||||
Financial liabilities designated at fair value | 2,659 | 2,087 | ||||
Debt securities in issue | 12,526 | 5,228 | ||||
Due over 3 months but not more than 6 months | – subordinated liabilities and preferred securities | ||||||
Financial liabilities | ||||||
Financial liabilities designated at fair value | 2,125 | 0 | ||||
Due over 3 months but not more than 6 months | – subordinated liabilities and preferred securities | HSBC Holdings | ||||||
Financial liabilities | ||||||
Financial liabilities designated at fair value | 2,125 | 0 | ||||
Due over 3 months but not more than 6 months | – other | ||||||
Financial liabilities | ||||||
Financial liabilities designated at fair value | 1,889 | 7 | ||||
Due over 3 months but not more than 6 months | – debt securities in issue: otherwise secured | ||||||
Financial liabilities | ||||||
Debt securities in issue | 30 | 0 | ||||
Due over 3 months but not more than 6 months | Debt securities in issue | HSBC Holdings | ||||||
Financial liabilities | ||||||
Financial liabilities designated at fair value | 0 | 0 | ||||
Due over 6 months but not more than 9 months | ||||||
Financial assets | ||||||
Cash and balances at central banks | 0 | 0 | ||||
Items in the course of collection from other banks | 0 | 0 | ||||
Hong Kong Government certificates of indebtedness | 0 | 0 | ||||
Trading assets | 744 | 0 | ||||
Financial assets designated or otherwise mandatorily measured at fair value | 145 | 162 | ||||
Derivatives | 79 | 124 | ||||
Loans and advances to banks | 2,004 | 2,344 | ||||
Loans and advances to customers | 38,394 | 34,107 | ||||
– personal | 7,581 | 7,441 | ||||
– corporate and commercial | 27,001 | 22,932 | ||||
– financial | 3,812 | 3,734 | ||||
Reverse repurchase agreements – non-trading | 5,763 | 2,194 | ||||
Financial investments in HSBC undertakings | 15,707 | |||||
Financial investments | 13,446 | |||||
Accrued income and other financial assets | 561 | 358 | ||||
Financial assets | 63,397 | 52,735 | ||||
Non-financial assets | 0 | 0 | ||||
Total assets | 63,397 | 52,735 | ||||
Off-balance sheet commitments received | ||||||
Loan and other credit-related commitments | 0 | 0 | ||||
Financial liabilities | ||||||
Hong Kong currency notes in circulation | 0 | 0 | ||||
Deposits from banks | 784 | 616 | ||||
Customer accounts | 17,218 | 11,570 | ||||
– personal | 11,483 | 6,810 | ||||
– corporate and commercial | 4,599 | 3,712 | ||||
– financial | 1,136 | 1,048 | ||||
Repurchase agreements – non-trading | 629 | 160 | ||||
Items in the course of transmission to other banks | 0 | 0 | ||||
Trading liabilities | 633 | 2,130 | ||||
Financial liabilities designated at fair value | 3,076 | 271 | ||||
Derivatives | 191 | 140 | ||||
Debt securities in issue | 8,075 | 5,795 | ||||
Accruals and other financial liabilities | 659 | 749 | ||||
Subordinated liabilities | 0 | 36 | ||||
Financial liabilities | 31,265 | 21,467 | ||||
Non-financial liabilities | 0 | 0 | ||||
Total liabilities | 31,265 | 21,467 | ||||
Off-balance sheet commitments given | ||||||
Loan and other credit-related commitments | 1,972 | 2,103 | ||||
Due over 6 months but not more than 9 months | HSBC Holdings | ||||||
Financial assets | ||||||
– balances with HSBC undertakings | 0 | 0 | ||||
Derivatives | 0 | 0 | ||||
Loans and advances to banks | 968 | 5 | ||||
Loans and advances to HSBC undertakings designated and otherwise mandatorily measured at fair value | 0 | 0 | ||||
Financial investments in HSBC undertakings | 0 | |||||
Financial investments | 0 | |||||
Accrued income and other financial assets | 0 | 0 | ||||
Financial assets | 968 | 5 | ||||
Non-financial assets | 0 | 0 | ||||
Total assets | 968 | 5 | ||||
Financial liabilities | ||||||
Amounts owed to HSBC undertakings | 0 | 0 | ||||
Financial liabilities designated at fair value | 0 | 0 | ||||
Derivatives | 0 | 0 | ||||
Debt securities in issue | 0 | 0 | ||||
Accruals and other financial liabilities | 36 | 39 | ||||
Subordinated liabilities | 0 | 0 | ||||
Financial liabilities | 36 | 39 | ||||
Non-financial liabilities | 0 | 0 | ||||
Total liabilities | 36 | 39 | ||||
Off-balance sheet commitments given | ||||||
Loan and other credit-related commitments | 0 | 0 | ||||
Due over 6 months but not more than 9 months | Personal | ||||||
Off-balance sheet commitments given | ||||||
Loan and other credit-related commitments | 32 | 343 | ||||
Due over 6 months but not more than 9 months | Corporate and commercial | ||||||
Off-balance sheet commitments given | ||||||
Loan and other credit-related commitments | 1,895 | 1,322 | ||||
Due over 6 months but not more than 9 months | – financial | ||||||
Off-balance sheet commitments given | ||||||
Loan and other credit-related commitments | 45 | 438 | ||||
Due over 6 months but not more than 9 months | – debt securities in issue: covered bonds | ||||||
Financial liabilities | ||||||
Financial liabilities designated at fair value | 0 | 209 | ||||
Debt securities in issue | 0 | 0 | ||||
Due over 6 months but not more than 9 months | – debt securities in issue: unsecured | ||||||
Financial liabilities | ||||||
Financial liabilities designated at fair value | 2,290 | 62 | ||||
Debt securities in issue | 8,075 | 5,795 | ||||
Due over 6 months but not more than 9 months | – subordinated liabilities and preferred securities | ||||||
Financial liabilities | ||||||
Financial liabilities designated at fair value | 0 | 0 | ||||
Due over 6 months but not more than 9 months | – subordinated liabilities and preferred securities | HSBC Holdings | ||||||
Financial liabilities | ||||||
Financial liabilities designated at fair value | 0 | 0 | ||||
Due over 6 months but not more than 9 months | – other | ||||||
Financial liabilities | ||||||
Financial liabilities designated at fair value | 786 | 0 | ||||
Due over 6 months but not more than 9 months | – debt securities in issue: otherwise secured | ||||||
Financial liabilities | ||||||
Debt securities in issue | 0 | 0 | ||||
Due over 6 months but not more than 9 months | Debt securities in issue | HSBC Holdings | ||||||
Financial liabilities | ||||||
Financial liabilities designated at fair value | 0 | 0 | ||||
Due over 9 months but not more than 1 year | ||||||
Financial assets | ||||||
Cash and balances at central banks | 0 | 0 | ||||
Items in the course of collection from other banks | 0 | 0 | ||||
Hong Kong Government certificates of indebtedness | 0 | 0 | ||||
Trading assets | 104 | 1,140 | ||||
Financial assets designated or otherwise mandatorily measured at fair value | 334 | 197 | ||||
Derivatives | 18 | 42 | ||||
Loans and advances to banks | 3,282 | 1,502 | ||||
Loans and advances to customers | 37,333 | 37,176 | ||||
– personal | 7,240 | 7,492 | ||||
– corporate and commercial | 25,597 | 26,577 | ||||
– financial | 4,496 | 3,107 | ||||
Reverse repurchase agreements – non-trading | 3,574 | 3,960 | ||||
Financial investments in HSBC undertakings | 15,357 | |||||
Financial investments | 17,647 | |||||
Accrued income and other financial assets | 307 | 411 | ||||
Financial assets | 60,309 | 62,075 | ||||
Non-financial assets | 0 | 0 | ||||
Total assets | 60,309 | 62,075 | ||||
Off-balance sheet commitments received | ||||||
Loan and other credit-related commitments | 1 | 0 | ||||
Financial liabilities | ||||||
Hong Kong currency notes in circulation | 0 | 0 | ||||
Deposits from banks | 542 | 157 | ||||
Customer accounts | 13,760 | 10,757 | ||||
– personal | 8,282 | 5,727 | ||||
– corporate and commercial | 4,317 | 3,970 | ||||
– financial | 1,161 | 1,060 | ||||
Repurchase agreements – non-trading | 73 | 0 | ||||
Items in the course of transmission to other banks | 0 | 0 | ||||
Trading liabilities | 81 | 3,077 | ||||
Financial liabilities designated at fair value | 3,481 | 2,798 | ||||
Derivatives | 144 | 202 | ||||
Debt securities in issue | 3,330 | 9,240 | ||||
Accruals and other financial liabilities | 1,269 | 717 | ||||
Subordinated liabilities | 0 | 132 | ||||
Financial liabilities | 22,680 | 27,080 | ||||
Non-financial liabilities | 0 | 0 | ||||
Total liabilities | 22,680 | 27,080 | ||||
Off-balance sheet commitments given | ||||||
Loan and other credit-related commitments | 1,257 | 4,686 | ||||
Due over 9 months but not more than 1 year | HSBC Holdings | ||||||
Financial assets | ||||||
– balances with HSBC undertakings | 0 | 0 | ||||
Derivatives | 0 | 0 | ||||
Loans and advances to banks | 1 | 2 | ||||
Loans and advances to HSBC undertakings designated and otherwise mandatorily measured at fair value | 0 | 0 | ||||
Financial investments in HSBC undertakings | 0 | |||||
Financial investments | 0 | |||||
Accrued income and other financial assets | 0 | 0 | ||||
Financial assets | 1 | 2 | ||||
Non-financial assets | 0 | 0 | ||||
Total assets | 1 | 2 | ||||
Financial liabilities | ||||||
Amounts owed to HSBC undertakings | 0 | 0 | ||||
Financial liabilities designated at fair value | 0 | 0 | ||||
Derivatives | 0 | 0 | ||||
Debt securities in issue | 0 | 1,081 | ||||
Accruals and other financial liabilities | 5 | 7 | ||||
Subordinated liabilities | 0 | 0 | ||||
Financial liabilities | 5 | 1,088 | ||||
Non-financial liabilities | 0 | 0 | ||||
Total liabilities | 5 | 1,088 | ||||
Off-balance sheet commitments given | ||||||
Loan and other credit-related commitments | 0 | 0 | ||||
Due over 9 months but not more than 1 year | Personal | ||||||
Off-balance sheet commitments given | ||||||
Loan and other credit-related commitments | 201 | 1,583 | ||||
Due over 9 months but not more than 1 year | Corporate and commercial | ||||||
Off-balance sheet commitments given | ||||||
Loan and other credit-related commitments | 974 | 2,309 | ||||
Due over 9 months but not more than 1 year | – financial | ||||||
Off-balance sheet commitments given | ||||||
Loan and other credit-related commitments | 82 | 794 | ||||
Due over 9 months but not more than 1 year | – debt securities in issue: covered bonds | ||||||
Financial liabilities | ||||||
Financial liabilities designated at fair value | 0 | 0 | ||||
Debt securities in issue | 0 | 1 | ||||
Due over 9 months but not more than 1 year | – debt securities in issue: unsecured | ||||||
Financial liabilities | ||||||
Financial liabilities designated at fair value | 2,353 | 2,797 | ||||
Debt securities in issue | 3,330 | 8,239 | ||||
Due over 9 months but not more than 1 year | – subordinated liabilities and preferred securities | ||||||
Financial liabilities | ||||||
Financial liabilities designated at fair value | 0 | 0 | ||||
Due over 9 months but not more than 1 year | – subordinated liabilities and preferred securities | HSBC Holdings | ||||||
Financial liabilities | ||||||
Financial liabilities designated at fair value | 0 | 0 | ||||
Due over 9 months but not more than 1 year | – other | ||||||
Financial liabilities | ||||||
Financial liabilities designated at fair value | 1,128 | 1 | ||||
Due over 9 months but not more than 1 year | – debt securities in issue: otherwise secured | ||||||
Financial liabilities | ||||||
Debt securities in issue | 0 | 1,000 | ||||
Due over 9 months but not more than 1 year | Debt securities in issue | HSBC Holdings | ||||||
Financial liabilities | ||||||
Financial liabilities designated at fair value | 0 | 0 | ||||
Due over 1 year but not more than 2 years | ||||||
Financial assets | ||||||
Cash and balances at central banks | 0 | 0 | ||||
Items in the course of collection from other banks | 0 | 0 | ||||
Hong Kong Government certificates of indebtedness | 0 | 0 | ||||
Trading assets | 197 | 0 | ||||
Financial assets designated or otherwise mandatorily measured at fair value | 918 | 556 | ||||
Derivatives | 69 | 234 | ||||
Loans and advances to banks | 7,158 | 5,799 | ||||
Loans and advances to customers | 101,267 | 93,065 | ||||
– personal | 24,942 | 23,552 | ||||
– corporate and commercial | 67,093 | 61,785 | ||||
– financial | 9,232 | 7,728 | ||||
Reverse repurchase agreements – non-trading | 5,253 | 1,072 | ||||
Financial investments in HSBC undertakings | 41,866 | |||||
Financial investments | 40,582 | |||||
Accrued income and other financial assets | 349 | 652 | ||||
Financial assets | 157,077 | 141,960 | ||||
Non-financial assets | 0 | 0 | ||||
Total assets | 157,077 | 141,960 | ||||
Off-balance sheet commitments received | ||||||
Loan and other credit-related commitments | 3 | 0 | ||||
Financial liabilities | ||||||
Hong Kong currency notes in circulation | 0 | 0 | ||||
Deposits from banks | 5,558 | 361 | ||||
Customer accounts | 4,122 | 4,527 | ||||
– personal | 2,853 | 2,753 | ||||
– corporate and commercial | 1,092 | 1,705 | ||||
– financial | 177 | 69 | ||||
Repurchase agreements – non-trading | 408 | 0 | ||||
Items in the course of transmission to other banks | 0 | 0 | ||||
Trading liabilities | 235 | 5,038 | ||||
Financial liabilities designated at fair value | 12,545 | 4,215 | ||||
Derivatives | 560 | 504 | ||||
Debt securities in issue | 10,670 | 6,725 | ||||
Accruals and other financial liabilities | 885 | 1,007 | ||||
Subordinated liabilities | 1,996 | 273 | ||||
Financial liabilities | 36,979 | 22,650 | ||||
Non-financial liabilities | 0 | 0 | ||||
Total liabilities | 36,979 | 22,650 | ||||
Off-balance sheet commitments given | ||||||
Loan and other credit-related commitments | 361 | 3,436 | ||||
Due over 1 year but not more than 2 years | HSBC Holdings | ||||||
Financial assets | ||||||
– balances with HSBC undertakings | 0 | 0 | ||||
Derivatives | 0 | 80 | ||||
Loans and advances to banks | 0 | 1,134 | ||||
Loans and advances to HSBC undertakings designated and otherwise mandatorily measured at fair value | 0 | 0 | ||||
Financial investments in HSBC undertakings | 0 | |||||
Financial investments | 0 | |||||
Accrued income and other financial assets | 0 | 0 | ||||
Financial assets | 0 | 1,214 | ||||
Non-financial assets | 0 | 0 | ||||
Total assets | 0 | 1,214 | ||||
Financial liabilities | ||||||
Amounts owed to HSBC undertakings | 0 | 0 | ||||
Financial liabilities designated at fair value | 0 | 2,349 | ||||
Derivatives | 0 | 110 | ||||
Debt securities in issue | 0 | 0 | ||||
Accruals and other financial liabilities | 0 | 3 | ||||
Subordinated liabilities | 0 | 0 | ||||
Financial liabilities | 0 | 2,462 | ||||
Non-financial liabilities | 0 | 0 | ||||
Total liabilities | 0 | 2,462 | ||||
Off-balance sheet commitments given | ||||||
Loan and other credit-related commitments | 0 | 0 | ||||
Due over 1 year but not more than 2 years | Personal | ||||||
Off-balance sheet commitments given | ||||||
Loan and other credit-related commitments | 280 | 1,033 | ||||
Due over 1 year but not more than 2 years | Corporate and commercial | ||||||
Off-balance sheet commitments given | ||||||
Loan and other credit-related commitments | 34 | 2,403 | ||||
Due over 1 year but not more than 2 years | – financial | ||||||
Off-balance sheet commitments given | ||||||
Loan and other credit-related commitments | 47 | 0 | ||||
Due over 1 year but not more than 2 years | – debt securities in issue: covered bonds | ||||||
Financial liabilities | ||||||
Financial liabilities designated at fair value | 1,190 | 212 | ||||
Debt securities in issue | 0 | 3 | ||||
Due over 1 year but not more than 2 years | – debt securities in issue: unsecured | ||||||
Financial liabilities | ||||||
Financial liabilities designated at fair value | 9,143 | 1,654 | ||||
Debt securities in issue | 10,276 | 5,622 | ||||
Due over 1 year but not more than 2 years | – subordinated liabilities and preferred securities | ||||||
Financial liabilities | ||||||
Financial liabilities designated at fair value | 0 | 2,349 | ||||
Due over 1 year but not more than 2 years | – subordinated liabilities and preferred securities | HSBC Holdings | ||||||
Financial liabilities | ||||||
Financial liabilities designated at fair value | 0 | 2,349 | ||||
Due over 1 year but not more than 2 years | – other | ||||||
Financial liabilities | ||||||
Financial liabilities designated at fair value | 2,212 | 0 | ||||
Due over 1 year but not more than 2 years | – debt securities in issue: otherwise secured | ||||||
Financial liabilities | ||||||
Debt securities in issue | 394 | 1,100 | ||||
Due over 1 year but not more than 2 years | Debt securities in issue | HSBC Holdings | ||||||
Financial liabilities | ||||||
Financial liabilities designated at fair value | 0 | 0 | ||||
Due over 2 years but not more than 5 years | ||||||
Financial assets | ||||||
Cash and balances at central banks | 0 | 0 | ||||
Items in the course of collection from other banks | 0 | 0 | ||||
Hong Kong Government certificates of indebtedness | 0 | 0 | ||||
Trading assets | 671 | 0 | ||||
Financial assets designated or otherwise mandatorily measured at fair value | 2,415 | 2,068 | ||||
Derivatives | 328 | 592 | ||||
Loans and advances to banks | 4,508 | 2,491 | ||||
Loans and advances to customers | 219,841 | 218,784 | ||||
– personal | 63,061 | 61,238 | ||||
– corporate and commercial | 143,959 | 144,451 | ||||
– financial | 12,821 | 13,095 | ||||
Reverse repurchase agreements – non-trading | 1,027 | 4,598 | ||||
Financial investments in HSBC undertakings | 92,846 | |||||
Financial investments | 90,366 | |||||
Accrued income and other financial assets | 731 | 513 | ||||
Financial assets | 322,367 | 319,412 | ||||
Non-financial assets | 0 | 0 | ||||
Total assets | 322,367 | 319,412 | ||||
Off-balance sheet commitments received | ||||||
Loan and other credit-related commitments | 98 | 0 | ||||
Financial liabilities | ||||||
Hong Kong currency notes in circulation | 0 | 0 | ||||
Deposits from banks | 1,655 | 7,393 | ||||
Customer accounts | 3,194 | 2,257 | ||||
– personal | 2,623 | 1,557 | ||||
– corporate and commercial | 509 | 641 | ||||
– financial | 62 | 59 | ||||
Repurchase agreements – non-trading | 501 | 1,000 | ||||
Items in the course of transmission to other banks | 0 | 0 | ||||
Trading liabilities | 36 | 12,814 | ||||
Financial liabilities designated at fair value | 53,615 | 22,468 | ||||
Derivatives | 159 | 1,107 | ||||
Debt securities in issue | 19,713 | 22,767 | ||||
Accruals and other financial liabilities | 1,027 | 1,569 | ||||
Subordinated liabilities | 1,384 | 3,595 | ||||
Financial liabilities | 81,284 | 74,970 | ||||
Non-financial liabilities | 0 | 0 | ||||
Total liabilities | 81,284 | 74,970 | ||||
Off-balance sheet commitments given | ||||||
Loan and other credit-related commitments | 731 | 4,423 | ||||
Due over 2 years but not more than 5 years | HSBC Holdings | ||||||
Financial assets | ||||||
– balances with HSBC undertakings | 0 | 0 | ||||
Derivatives | 0 | 0 | ||||
Loans and advances to banks | 14,062 | 29,560 | ||||
Loans and advances to HSBC undertakings designated and otherwise mandatorily measured at fair value | 8,116 | 2,411 | ||||
Financial investments in HSBC undertakings | 0 | |||||
Financial investments | 1,798 | |||||
Accrued income and other financial assets | 0 | |||||
Financial assets | 22,178 | 33,769 | ||||
Non-financial assets | 0 | 0 | ||||
Total assets | 22,178 | 33,769 | ||||
Financial liabilities | ||||||
Amounts owed to HSBC undertakings | 0 | 0 | ||||
Financial liabilities designated at fair value | 12,306 | 11,491 | ||||
Derivatives | 339 | 183 | ||||
Debt securities in issue | 23,770 | 10,354 | ||||
Accruals and other financial liabilities | 0 | 1 | ||||
Subordinated liabilities | 0 | 0 | ||||
Financial liabilities | 36,415 | 22,029 | ||||
Non-financial liabilities | 0 | 0 | ||||
Total liabilities | 36,415 | 22,029 | ||||
Off-balance sheet commitments given | ||||||
Loan and other credit-related commitments | 0 | 0 | ||||
Due over 2 years but not more than 5 years | Personal | ||||||
Off-balance sheet commitments given | ||||||
Loan and other credit-related commitments | 556 | 952 | ||||
Due over 2 years but not more than 5 years | Corporate and commercial | ||||||
Off-balance sheet commitments given | ||||||
Loan and other credit-related commitments | 150 | 2,804 | ||||
Due over 2 years but not more than 5 years | – financial | ||||||
Off-balance sheet commitments given | ||||||
Loan and other credit-related commitments | 25 | 667 | ||||
Due over 2 years but not more than 5 years | – debt securities in issue: covered bonds | ||||||
Financial liabilities | ||||||
Financial liabilities designated at fair value | 2,721 | 2,494 | ||||
Debt securities in issue | 748 | 10 | ||||
Due over 2 years but not more than 5 years | – debt securities in issue: unsecured | ||||||
Financial liabilities | ||||||
Financial liabilities designated at fair value | 47,443 | 19,505 | ||||
Debt securities in issue | 18,021 | 21,843 | ||||
Due over 2 years but not more than 5 years | – subordinated liabilities and preferred securities | ||||||
Financial liabilities | ||||||
Financial liabilities designated at fair value | 0 | 459 | ||||
Due over 2 years but not more than 5 years | – subordinated liabilities and preferred securities | HSBC Holdings | ||||||
Financial liabilities | ||||||
Financial liabilities designated at fair value | 0 | 0 | ||||
Due over 2 years but not more than 5 years | – other | ||||||
Financial liabilities | ||||||
Financial liabilities designated at fair value | 3,451 | 10 | ||||
Due over 2 years but not more than 5 years | – debt securities in issue: otherwise secured | ||||||
Financial liabilities | ||||||
Debt securities in issue | 944 | 914 | ||||
Due over 2 years but not more than 5 years | Debt securities in issue | HSBC Holdings | ||||||
Financial liabilities | ||||||
Financial liabilities designated at fair value | 12,306 | 11,491 | ||||
More than 5 years | ||||||
Financial assets | ||||||
Cash and balances at central banks | 0 | 0 | ||||
Items in the course of collection from other banks | 0 | 0 | ||||
Hong Kong Government certificates of indebtedness | 0 | 0 | ||||
Trading assets | 0 | 0 | ||||
Financial assets designated or otherwise mandatorily measured at fair value | 29,136 | 25,546 | ||||
Derivatives | 334 | 464 | ||||
Loans and advances to banks | 1,194 | 1,412 | ||||
Loans and advances to customers | 275,496 | 268,926 | ||||
– personal | 229,626 | 214,837 | ||||
– corporate and commercial | 42,540 | 49,762 | ||||
– financial | 3,330 | 4,327 | ||||
Reverse repurchase agreements – non-trading | 0 | 7,245 | ||||
Financial investments in HSBC undertakings | 112,041 | |||||
Financial investments | 111,933 | |||||
Accrued income and other financial assets | 2,237 | 2,046 | ||||
Financial assets | 420,438 | 417,572 | ||||
Non-financial assets | 86,921 | 87,986 | ||||
Total assets | 507,359 | 505,558 | ||||
Off-balance sheet commitments received | ||||||
Loan and other credit-related commitments | 656 | 0 | ||||
Financial liabilities | ||||||
Hong Kong currency notes in circulation | 0 | 0 | ||||
Deposits from banks | 886 | 1,508 | ||||
Customer accounts | 125 | 623 | ||||
– personal | 53 | 119 | ||||
– corporate and commercial | 29 | 451 | ||||
– financial | 43 | 53 | ||||
Repurchase agreements – non-trading | 0 | 0 | ||||
Items in the course of transmission to other banks | 0 | 0 | ||||
Trading liabilities | 2 | 12,071 | ||||
Financial liabilities designated at fair value | 60,621 | 62,222 | ||||
Derivatives | 622 | 1,637 | ||||
Debt securities in issue | 13,027 | 2,415 | ||||
Accruals and other financial liabilities | 1,300 | 938 | ||||
Subordinated liabilities | 18,959 | 13,799 | ||||
Financial liabilities | 95,542 | 95,213 | ||||
Non-financial liabilities | 103,587 | 103,161 | ||||
Total liabilities | 199,129 | 198,374 | ||||
Off-balance sheet commitments given | ||||||
Loan and other credit-related commitments | 412 | 2,349 | ||||
More than 5 years | HSBC Holdings | ||||||
Financial assets | ||||||
– balances with HSBC undertakings | 0 | 0 | ||||
Derivatives | 167 | 356 | ||||
Loans and advances to banks | 26,340 | 24,881 | ||||
Loans and advances to HSBC undertakings designated and otherwise mandatorily measured at fair value | 15,397 | 9,533 | ||||
Financial investments in HSBC undertakings | 0 | |||||
Financial investments | 2,446 | |||||
Accrued income and other financial assets | 0 | 123 | ||||
Financial assets | 41,904 | 37,339 | ||||
Non-financial assets | 161,248 | 94,399 | ||||
Total assets | 203,152 | 131,738 | ||||
Financial liabilities | ||||||
Amounts owed to HSBC undertakings | 0 | 0 | ||||
Financial liabilities designated at fair value | 10,618 | 17,050 | ||||
Derivatives | 499 | 781 | ||||
Debt securities in issue | 27,030 | 22,823 | ||||
Accruals and other financial liabilities | 41 | 11 | ||||
Subordinated liabilities | 17,715 | 13,959 | ||||
Financial liabilities | 55,903 | 54,624 | ||||
Non-financial liabilities | 214 | 217 | ||||
Total liabilities | 56,117 | 54,841 | ||||
Off-balance sheet commitments given | ||||||
Loan and other credit-related commitments | 0 | 0 | ||||
More than 5 years | Personal | ||||||
Off-balance sheet commitments given | ||||||
Loan and other credit-related commitments | 331 | 513 | ||||
More than 5 years | Corporate and commercial | ||||||
Off-balance sheet commitments given | ||||||
Loan and other credit-related commitments | 73 | 1,716 | ||||
More than 5 years | – financial | ||||||
Off-balance sheet commitments given | ||||||
Loan and other credit-related commitments | 8 | 120 | ||||
More than 5 years | – debt securities in issue: covered bonds | ||||||
Financial liabilities | ||||||
Financial liabilities designated at fair value | 1,137 | 1,654 | ||||
Debt securities in issue | 0 | 34 | ||||
More than 5 years | – debt securities in issue: unsecured | ||||||
Financial liabilities | ||||||
Financial liabilities designated at fair value | 37,633 | 33,535 | ||||
Debt securities in issue | 11,615 | 1,188 | ||||
More than 5 years | – subordinated liabilities and preferred securities | ||||||
Financial liabilities | ||||||
Financial liabilities designated at fair value | 12,568 | 21,482 | ||||
More than 5 years | – subordinated liabilities and preferred securities | HSBC Holdings | ||||||
Financial liabilities | ||||||
Financial liabilities designated at fair value | 5,157 | 11,045 | ||||
More than 5 years | – other | ||||||
Financial liabilities | ||||||
Financial liabilities designated at fair value | 9,283 | 5,551 | ||||
More than 5 years | – debt securities in issue: otherwise secured | ||||||
Financial liabilities | ||||||
Debt securities in issue | 1,412 | 1,193 | ||||
More than 5 years | Debt securities in issue | HSBC Holdings | ||||||
Financial liabilities | ||||||
Financial liabilities designated at fair value | $ 5,461 | $ 6,005 | ||||
[1] | Balances at 1 January 2018 have been prepared in accordance with accounting policies referred to on page 263. 31 December 2017 balances have not been re-presented. Information regarding the effects of adoption of IFRS 9 can be found in Note 37. | |||||
[2] | Balances at 1 January 2018 have been prepared in accordance with accounting policies referred to on page 263. 31 December 2017 balances have not been re-presented. Information regarding the effects of adoption of IFRS 9 can be found in Note 37. | |||||
[3] | The 2016 comparative figure for cash and cash equivalents was amended in 2017 to include loans and advances to HSBC undertakings of one month or less duration. |
Offsetting of financial asset_3
Offsetting of financial assets and financial liabilities (Details) - USD ($) $ in Millions | Dec. 31, 2018 | Jan. 01, 2018 | [1] | Dec. 31, 2017 | Dec. 31, 2016 |
Financial assets | |||||
Financial assets | $ 2,471,203 | $ 2,433,785 | |||
Financial liabilities | |||||
Financial liabilities | 2,260,288 | 2,220,739 | |||
Loans and advances to customers | 981,696 | $ 949,737 | 962,964 | $ 861,504 | |
Customer accounts | 1,362,643 | $ 1,360,227 | 1,364,462 | $ 1,272,386 | |
Financial Liabilities Subject To Offsetting | |||||
Financial liabilities | |||||
Gross amounts | 575,945 | 562,288 | |||
Amounts offset | (230,282) | (226,625) | |||
Net amounts in the balance sheet | 345,663 | 335,663 | |||
Financial instruments | (190,062) | (190,057) | |||
Non-cash collateral | (111,115) | (98,005) | |||
Cash collateral | (30,162) | (29,094) | |||
Net amount | 14,324 | 18,507 | |||
Amounts not subject to enforceable netting arrangements | 66,378 | 54,045 | |||
Financial liabilities | 412,041 | 389,708 | |||
Derivatives | |||||
Financial liabilities | |||||
Gross amounts | 248,123 | 321,932 | |||
Amounts offset | (49,711) | (110,425) | |||
Net amounts in the balance sheet | 198,412 | 211,507 | |||
Financial instruments | (145,785) | (156,072) | |||
Non-cash collateral | (14,895) | (14,342) | |||
Cash collateral | (29,998) | (28,666) | |||
Net amount | 7,734 | 12,427 | |||
Amounts not subject to enforceable netting arrangements | 7,423 | 5,314 | |||
Financial liabilities | 205,835 | 216,821 | |||
Cash margins pledged | 5,888 | 5,196 | |||
Trading liabilities | |||||
Financial liabilities | |||||
Gross amounts | 13,169 | 10,555 | |||
Amounts offset | (790) | 0 | |||
Net amounts in the balance sheet | 12,379 | 10,555 | |||
Financial instruments | (1,244) | (430) | |||
Non-cash collateral | (11,133) | (9,615) | |||
Cash collateral | 0 | 0 | |||
Net amount | 2 | 510 | |||
Amounts not subject to enforceable netting arrangements | 114 | 63 | |||
Financial liabilities | 12,493 | 10,618 | |||
Non-trading liabilities | |||||
Financial liabilities | |||||
Gross amounts | 274,367 | 187,268 | |||
Amounts offset | (167,313) | (105,776) | |||
Net amounts in the balance sheet | 107,054 | 81,492 | |||
Financial instruments | (21,788) | (7,165) | |||
Non-cash collateral | (85,087) | (74,048) | |||
Cash collateral | (164) | (240) | |||
Net amount | 15 | 39 | |||
Amounts not subject to enforceable netting arrangements | 58,830 | 48,510 | |||
Financial liabilities | 165,884 | 130,002 | |||
Customer accounts | |||||
Financial liabilities | |||||
Gross amounts | 40,286 | 42,533 | |||
Amounts offset | (12,468) | (10,424) | |||
Net amounts in the balance sheet | 27,818 | 32,109 | |||
Financial instruments | (21,245) | (26,390) | |||
Non-cash collateral | 0 | 0 | |||
Cash collateral | 0 | (188) | |||
Net amount | 6,573 | 5,531 | |||
Amounts not subject to enforceable netting arrangements | 11 | 158 | |||
Financial liabilities | 27,829 | 32,267 | |||
Financial Assets Subject To Offsetting | |||||
Financial assets | |||||
Gross amounts | 681,384 | 646,072 | |||
Amounts offset | (230,282) | (226,625) | |||
Net amounts in the balance sheet | 451,102 | 419,447 | |||
Financial instruments | (190,062) | (186,622) | |||
Non-cash collateral | (209,160) | (182,527) | |||
Cash collateral | (38,131) | (37,532) | |||
Net amount | 13,749 | 12,766 | |||
Amounts not subject to enforceable netting arrangements | 46,409 | 51,330 | |||
Financial assets | 497,511 | 470,777 | |||
Derivatives | |||||
Financial assets | |||||
Gross amounts | 250,275 | 322,422 | |||
Amounts offset | (49,711) | (110,425) | |||
Net amounts in the balance sheet | 200,564 | 211,997 | |||
Financial instruments | (145,785) | (156,088) | |||
Non-cash collateral | (9,986) | (11,092) | |||
Cash collateral | (38,031) | (37,302) | |||
Net amount | 6,762 | 7,515 | |||
Amounts not subject to enforceable netting arrangements | 7,261 | 7,821 | |||
Financial assets | 207,825 | 219,818 | |||
Financial liabilities | |||||
Cash margins received | 3,935 | 6,324 | |||
Trading assets | |||||
Financial assets | |||||
Gross amounts | 18,217 | 15,893 | |||
Amounts offset | (790) | 0 | |||
Net amounts in the balance sheet | 17,427 | 15,893 | |||
Financial instruments | (1,244) | (430) | |||
Non-cash collateral | (16,179) | (15,462) | |||
Cash collateral | 0 | 0 | |||
Net amount | 4 | 1 | |||
Amounts not subject to enforceable netting arrangements | 853 | 1,227 | |||
Financial assets | 18,280 | 17,120 | |||
Non-trading assets | |||||
Financial assets | |||||
Gross amounts | 372,358 | 265,666 | |||
Amounts offset | (167,313) | (105,776) | |||
Net amounts in the balance sheet | 205,045 | 159,890 | |||
Financial instruments | (21,788) | (3,714) | |||
Non-cash collateral | (182,995) | (155,973) | |||
Cash collateral | (100) | (49) | |||
Net amount | 162 | 154 | |||
Amounts not subject to enforceable netting arrangements | 37,759 | 41,663 | |||
Financial assets | 242,804 | 201,553 | |||
Loans and advances to customers | |||||
Financial assets | |||||
Gross amounts | 40,534 | 42,091 | |||
Amounts offset | (12,468) | (10,424) | |||
Net amounts in the balance sheet | 28,066 | 31,667 | |||
Financial instruments | (21,245) | (26,390) | |||
Non-cash collateral | 0 | 0 | |||
Cash collateral | 0 | (181) | |||
Net amount | 6,821 | 5,096 | |||
Amounts not subject to enforceable netting arrangements | 536 | 619 | |||
Financial assets | $ 28,602 | $ 32,286 | |||
[1] | Balances at 1 January 2018 have been prepared in accordance with accounting policies referred to on page 263. 31 December 2017 balances have not been re-presented. Information regarding the effects of adoption of IFRS 9 can be found in Note 37. |
Non-controlling interests - Co
Non-controlling interests - Components of non-controlling interests (Details) - USD ($) $ in Millions | Dec. 31, 2018 | Jan. 01, 2018 | [1] | Dec. 31, 2017 |
Disclosure of classes of share capital [line items] | ||||
Non-controlling interests | $ 7,996 | $ 7,580 | $ 7,621 | |
Ordinary shares | ||||
Disclosure of classes of share capital [line items] | ||||
Non-controlling interests | $ 7,996 | $ 7,621 | ||
[1] | Balances at 1 January 2018 have been prepared in accordance with accounting policies referred to on page 263. 31 December 2017 balances have not been re-presented. Information regarding the effects of adoption of IFRS 9 can be found in Note 37. |
Called up share capital and o_3
Called up share capital and other equity instruments - Called up share capital and share premium (Details) - USD ($) $ / shares in Units, $ in Millions | 12 Months Ended | |||||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | Jan. 01, 2018 | Dec. 31, 2015 | ||
Reconciliation of number of shares outstanding [abstract] | ||||||
Issued capital at beginning of period | $ 10,160 | |||||
Shares issued under HSBC employee share plans | 450 | $ 500 | $ 534 | |||
Shares issued in lieu of dividends | 1,494 | 3,206 | 3,040 | |||
Issued capital at end of period | 10,180 | 10,160 | ||||
Share premium account | 13,609 | 10,177 | $ 10,177 | [1] | ||
Total equity | $ 194,249 | $ 197,871 | $ 182,578 | 196,224 | [1] | $ 197,518 |
Ordinary shares | ||||||
Disclosure of classes of share capital [line items] | ||||||
Par value per share (in dollars per share) | $ 0.50 | |||||
Reconciliation of number of shares outstanding [abstract] | ||||||
Number of shares outstanding ending balance (in shares) | 20,320,716,258 | 20,191,586,214 | ||||
Shares issued under HSBC employee share plans (in shares) | 83,740,460 | 76,701,249 | ||||
Shares issued in lieu of dividends (in shares) | 166,850,869 | 380,652,196 | ||||
Less: Shares repurchased and cancelled (in shares) | (210,466,091) | (328,223,401) | ||||
Number of shares outstanding ending balance (in shares) | 20,360,841,496 | 20,320,716,258 | 20,191,586,214 | |||
Issued capital at beginning of period | $ 10,160 | $ 10,096 | ||||
Shares issued under HSBC employee share plans | 42 | 38 | ||||
Shares issued in lieu of dividends | 83 | 190 | ||||
Less: Shares repurchased and cancelled | (105) | (164) | ||||
Issued capital at end of period | $ 10,180 | $ 10,160 | $ 10,096 | |||
Preference shares | ||||||
Disclosure of classes of share capital [line items] | ||||||
Par value per share (in dollars per share) | $ 0.01 | |||||
Other equity instruments interest rate | 6.20% | |||||
Reconciliation of number of shares outstanding [abstract] | ||||||
Number of shares outstanding ending balance (in shares) | 1,450,000 | |||||
Number of shares outstanding ending balance (in shares) | 1,450,000 | 1,450,000 | ||||
Issued capital at beginning of period | $ 0 | |||||
Issued capital at end of period | 0 | $ 0 | ||||
Called up share capital and share premium | ||||||
Reconciliation of number of shares outstanding [abstract] | ||||||
Total equity | $ 23,789 | $ 20,337 | $ 22,715 | 20,337 | 22,263 | |
Treasury shares | ||||||
Reconciliation of number of shares outstanding [abstract] | ||||||
Number of shares outstanding ending balance (in shares) | 360,590,019 | 353,356,251 | ||||
Number of shares outstanding ending balance (in shares) | 379,926,645 | 360,590,019 | 353,356,251 | |||
HSBC Holdings | ||||||
Reconciliation of number of shares outstanding [abstract] | ||||||
Issued capital at beginning of period | $ 10,160 | |||||
Shares issued under HSBC employee share plans | $ (2) | $ 34 | ||||
Shares issued in lieu of dividends | 1,494 | 3,205 | 3,040 | |||
Issued capital at end of period | 10,180 | 10,160 | ||||
Share premium account | 13,609 | 10,177 | 10,177 | [2] | ||
Total equity | $ 147,353 | $ 103,787 | $ 104,858 | $ 104,677 | [2] | $ 107,414 |
HSBC Holdings | Treasury shares | ||||||
Reconciliation of number of shares outstanding [abstract] | ||||||
Number of shares outstanding ending balance (in shares) | 326,843,840 | 325,499,152 | ||||
Number of shares outstanding ending balance (in shares) | 326,503,319 | 326,843,840 | 325,499,152 | |||
Total equity | $ 2,546 | $ 2,542 | $ 2,499 | |||
Number of shares outstanding, buyback program (in shares) | 325,273,407 | |||||
[1] | Balances at 1 January 2018 have been prepared in accordance with accounting policies referred to on page 263. 31 December 2017 balances have not been re-presented. Information regarding the effects of adoption of IFRS 9 can be found in Note 37. | |||||
[2] | Balances at 1 January 2018 have been prepared in accordance with accounting policies referred to on page 263. 31 December 2017 balances have not been re-presented. Information regarding the effects of adoption of IFRS 9 can be found in Note 37. |
Called up share capital and o_4
Called up share capital and other equity instruments - Called up share capital and other equity instruments (commentary) (Details) | Dec. 31, 2018$ / shares | Dec. 31, 2018£ / shares |
Preference shares | ||
Disclosure of classes of share capital [line items] | ||
Other equity instruments interest rate | 6.20% | 6.20% |
Par value per share (in dollars per share) | $ / shares | $ 0.01 | |
Sterling preference shares | ||
Disclosure of classes of share capital [line items] | ||
Par value per share (in dollars per share) | £ / shares | £ 0.01 |
Called up share capital and o_5
Called up share capital and other equity instruments - HSBC additional tier 1 capital securities in issue which are accounted for in equity (Details) - USD ($) | Dec. 31, 2018 | Jan. 01, 2018 | [1] | Dec. 31, 2017 |
Disclosure Of Other Equity [Line Items] | ||||
Other equity instruments | $ 22,367,000,000 | $ 22,250,000,000 | $ 22,250,000,000 | |
8.125% Perpetual Subordinated Capital Securities | ||||
Disclosure Of Other Equity [Line Items] | ||||
Notional amount | $ 2,200,000,000 | |||
Other equity instruments interest rate | 8.125% | |||
8.000% Perpetual Subordinated Capital Securities, Series 2 | ||||
Disclosure Of Other Equity [Line Items] | ||||
Notional amount | $ 3,800,000,000 | |||
Other equity instruments interest rate | 8.00% | |||
Capital Securities Classified As Equity | ||||
Disclosure Of Other Equity [Line Items] | ||||
Par value per share upon conversion (in dollars per share) | $ 0.01 | |||
Premium per share upon conversion (in dollars per share) | $ 24.99 | |||
Other equity instruments | $ 0 | 5,851,000,000 | ||
Capital Securities Classified As Equity | 8.125% Perpetual Subordinated Capital Securities | ||||
Disclosure Of Other Equity [Line Items] | ||||
Other equity instruments interest rate | 8.125% | |||
Other equity instruments | $ 0 | 2,133,000,000 | ||
Capital Securities Classified As Equity | 8.000% Perpetual Subordinated Capital Securities, Series 2 | ||||
Disclosure Of Other Equity [Line Items] | ||||
Other equity instruments interest rate | 8.00% | |||
Other equity instruments | $ 0 | $ 3,718,000,000 | ||
[1] | Balances at 1 January 2018 have been prepared in accordance with accounting policies referred to on page 263. 31 December 2017 balances have not been re-presented. Information regarding the effects of adoption of IFRS 9 can be found in Note 37. |
Called up share capital and o_6
Called up share capital and other equity instruments - Additional tier 1 capital - contingent convertible securities (Details) - Contingent Convertible Securities | 12 Months Ended |
Dec. 31, 2018£ / shares | |
Disclosure Of Other Equity [Line Items] | |
Fixed interest rate, period increments | 5 years |
Conversion threshold, common equity tier 1 percentage | 7.00% |
Par value per share upon conversion (in dollars per share) | £ 2.70 |
Called up share capital and o_7
Called up share capital and other equity instruments - HSBC's additional tier 1 capital - contingent convertible securities in issue which are accounted for in equity (Details) | Dec. 31, 2018USD ($) | Dec. 31, 2018GBP (£) | Dec. 31, 2018EUR (€) | Dec. 31, 2018SGD ($) | Jan. 01, 2018USD ($) | [1] | Dec. 31, 2017USD ($) |
Disclosure Of Other Equity [Line Items] | |||||||
Other equity instruments | $ 22,367,000,000 | $ 22,250,000,000 | $ 22,250,000,000 | ||||
$1,500m 5.625% Perpetual Subordinated Contingent Convertible Securities | |||||||
Disclosure Of Other Equity [Line Items] | |||||||
Notional amount | $ 1,500,000,000 | ||||||
Other equity instruments interest rate | 5.625% | 5.625% | 5.625% | 5.625% | |||
$2,000m 6.875% Perpetual Subordinated Contingent Convertible Securities | |||||||
Disclosure Of Other Equity [Line Items] | |||||||
Notional amount | $ 2,000,000,000 | ||||||
Other equity instruments interest rate | 6.875% | 6.875% | 6.875% | 6.875% | |||
$2,250m 6.375% Perpetual Subordinated Contingent Convertible Securities | |||||||
Disclosure Of Other Equity [Line Items] | |||||||
Notional amount | $ 2,250,000,000 | ||||||
Other equity instruments interest rate | 6.375% | 6.375% | 6.375% | 6.375% | |||
$2,450m 6.375% Perpetual Subordinated Contingent Convertible Securities | |||||||
Disclosure Of Other Equity [Line Items] | |||||||
Notional amount | $ 2,450,000,000 | ||||||
Other equity instruments interest rate | 6.375% | 6.375% | 6.375% | 6.375% | |||
$3,000m 6.000% Perpetual Subordinated Contingent Convertible Securities | |||||||
Disclosure Of Other Equity [Line Items] | |||||||
Notional amount | $ 3,000,000,000 | ||||||
Other equity instruments interest rate | 6.00% | 6.00% | 6.00% | 6.00% | |||
$2,350m 6.250% Perpetual Subordinated Contingent Convertible Securities | |||||||
Disclosure Of Other Equity [Line Items] | |||||||
Notional amount | $ 2,350,000,000 | ||||||
Other equity instruments interest rate | 6.25% | 6.25% | 6.25% | 6.25% | |||
$1,800m 6.500% Perpetual Subordinated Contingent Convertible Securities | |||||||
Disclosure Of Other Equity [Line Items] | |||||||
Notional amount | $ 1,800,000,000 | ||||||
Other equity instruments interest rate | 6.50% | 6.50% | 6.50% | 6.50% | |||
EUR 1,500m 5.250% Perpetual Subordinated Contingent Convertible Securities | |||||||
Disclosure Of Other Equity [Line Items] | |||||||
Notional amount | € | € 1,500,000,000 | ||||||
Other equity instruments interest rate | 5.25% | 5.25% | 5.25% | 5.25% | |||
EUR 1,000m 6.000% Perpetual Subordinated Contingent Convertible Securities | |||||||
Disclosure Of Other Equity [Line Items] | |||||||
Notional amount | € | € 1,000,000,000 | ||||||
Other equity instruments interest rate | 6.00% | 6.00% | 6.00% | 6.00% | |||
EUR 1,250m 4.750% Perpetual Subordinated Contingent Convertible Securities | |||||||
Disclosure Of Other Equity [Line Items] | |||||||
Notional amount | € | € 1,250,000,000 | ||||||
Other equity instruments interest rate | 4.75% | 4.75% | 4.75% | 4.75% | |||
Contingent Convertible Securities | |||||||
Disclosure Of Other Equity [Line Items] | |||||||
Other equity instruments | $ 22,392,000,000 | 16,399,000,000 | |||||
Contingent Convertible Securities | $1,500m 5.625% Perpetual Subordinated Contingent Convertible Securities | |||||||
Disclosure Of Other Equity [Line Items] | |||||||
Notional amount | $ 1,500,000,000 | ||||||
Other equity instruments interest rate | 5.625% | 5.625% | 5.625% | 5.625% | |||
Other equity instruments | $ 1,494,000,000 | 1,494,000,000 | |||||
Contingent Convertible Securities | $2,000m 6.875% Perpetual Subordinated Contingent Convertible Securities | |||||||
Disclosure Of Other Equity [Line Items] | |||||||
Notional amount | $ 2,000,000,000 | ||||||
Other equity instruments interest rate | 6.875% | 6.875% | 6.875% | 6.875% | |||
Other equity instruments | $ 1,998,000,000 | 1,998,000,000 | |||||
Contingent Convertible Securities | $2,250m 6.375% Perpetual Subordinated Contingent Convertible Securities | |||||||
Disclosure Of Other Equity [Line Items] | |||||||
Notional amount | $ 2,250,000,000 | ||||||
Other equity instruments interest rate | 6.375% | 6.375% | 6.375% | 6.375% | |||
Other equity instruments | $ 2,244,000,000 | 2,244,000,000 | |||||
Contingent Convertible Securities | $2,450m 6.375% Perpetual Subordinated Contingent Convertible Securities | |||||||
Disclosure Of Other Equity [Line Items] | |||||||
Notional amount | $ 2,450,000,000 | ||||||
Other equity instruments interest rate | 6.375% | 6.375% | 6.375% | 6.375% | |||
Other equity instruments | $ 2,460,000,000 | 2,460,000,000 | |||||
Contingent Convertible Securities | $3,000m 6.000% Perpetual Subordinated Contingent Convertible Securities | |||||||
Disclosure Of Other Equity [Line Items] | |||||||
Notional amount | $ 3,000,000,000 | ||||||
Other equity instruments interest rate | 6.00% | 6.00% | 6.00% | 6.00% | |||
Other equity instruments | $ 2,997,000,000 | 2,997,000,000 | |||||
Contingent Convertible Securities | $2,350m 6.250% Perpetual Subordinated Contingent Convertible Securities | |||||||
Disclosure Of Other Equity [Line Items] | |||||||
Notional amount | $ 2,350,000,000 | ||||||
Other equity instruments interest rate | 6.25% | 6.25% | 6.25% | 6.25% | |||
Other equity instruments | $ 2,347,000,000 | 0 | |||||
Contingent Convertible Securities | $1,800m 6.500% Perpetual Subordinated Contingent Convertible Securities | |||||||
Disclosure Of Other Equity [Line Items] | |||||||
Notional amount | $ 1,800,000,000 | ||||||
Other equity instruments interest rate | 6.50% | 6.50% | 6.50% | 6.50% | |||
Other equity instruments | $ 1,798,000,000 | 0 | |||||
Contingent Convertible Securities | EUR 1,500m 5.250% Perpetual Subordinated Contingent Convertible Securities | |||||||
Disclosure Of Other Equity [Line Items] | |||||||
Notional amount | € | € 1,500,000,000 | ||||||
Other equity instruments interest rate | 5.25% | 5.25% | 5.25% | 5.25% | |||
Other equity instruments | $ 1,943,000,000 | 1,943,000,000 | |||||
Contingent Convertible Securities | EUR 1,000m 6.000% Perpetual Subordinated Contingent Convertible Securities | |||||||
Disclosure Of Other Equity [Line Items] | |||||||
Notional amount | € | € 1,000,000,000 | ||||||
Other equity instruments interest rate | 6.00% | 6.00% | 6.00% | 6.00% | |||
Other equity instruments | $ 1,120,000,000 | 1,120,000,000 | |||||
Contingent Convertible Securities | EUR 1,250m 4.750% Perpetual Subordinated Contingent Convertible Securities | |||||||
Disclosure Of Other Equity [Line Items] | |||||||
Notional amount | € | € 1,250,000,000 | ||||||
Other equity instruments interest rate | 4.75% | 4.75% | 4.75% | 4.75% | |||
Other equity instruments | $ 1,420,000,000 | 1,420,000,000 | |||||
Contingent Convertible Securities | GBP 1,000m 5.875% Perpetual Subordinated Contingent Convertible Securities | |||||||
Disclosure Of Other Equity [Line Items] | |||||||
Notional amount | £ | £ 1,000,000,000 | ||||||
Other equity instruments interest rate | 5.875% | 5.875% | 5.875% | 5.875% | |||
Other equity instruments | $ 1,299,000,000 | 0 | |||||
Contingent Convertible Securities | SGD 1000m 4.700% Perpetual Subordinated Contingent Convertible Securities | |||||||
Disclosure Of Other Equity [Line Items] | |||||||
Notional amount | $ 1,000,000,000 | ||||||
Other equity instruments interest rate | 4.70% | 4.70% | 4.70% | 4.70% | |||
Other equity instruments | $ 723,000,000 | 723,000,000 | |||||
Contingent Convertible Securities | SGD 750m 5.000% Perpetual Subordinated Contingent Convertible Securities | |||||||
Disclosure Of Other Equity [Line Items] | |||||||
Notional amount | $ 750,000,000 | ||||||
Other equity instruments interest rate | 5.00% | 5.00% | 5.00% | 5.00% | |||
Other equity instruments | $ 549,000,000 | $ 0 | |||||
[1] | Balances at 1 January 2018 have been prepared in accordance with accounting policies referred to on page 263. 31 December 2017 balances have not been re-presented. Information regarding the effects of adoption of IFRS 9 can be found in Note 37. |
Called up share capital and o_8
Called up share capital and other equity instruments - Aggregate options outstanding under these plans (Details) | Dec. 31, 2018GBP (£)shares | Dec. 31, 2017USD ($)shares | Dec. 31, 2017GBP (£)shares | Dec. 31, 2017EUR (€)shares | Dec. 31, 2017HKD ($)shares | Dec. 31, 2016shares |
Disclosure of range of exercise prices of outstanding share options [line items] | ||||||
Number of HSBC Holdings ordinary shares (in shares) | 57,065,000 | 64,670,000 | 64,670,000 | 64,670,000 | 64,670,000 | 70,027,000 |
£4.0472 – 5.9640 | ||||||
Disclosure of range of exercise prices of outstanding share options [line items] | ||||||
Number of HSBC Holdings ordinary shares (in shares) | 57,065,513 | 64,604,932 | 64,604,932 | 64,604,932 | 64,604,932 | |
£4.0472 – 5.9640 | Bottom of range | ||||||
Disclosure of range of exercise prices of outstanding share options [line items] | ||||||
Exercise price of outstanding share options (in GBP/HKD/EUR/USD per share) | £ | £ 4.0472 | £ 4.0472 | ||||
£4.0472 – 5.9640 | Top of range | ||||||
Disclosure of range of exercise prices of outstanding share options [line items] | ||||||
Exercise price of outstanding share options (in GBP/HKD/EUR/USD per share) | £ | £ 5.9640 | £ 5.9640 | ||||
HK$55.4701 | ||||||
Disclosure of range of exercise prices of outstanding share options [line items] | ||||||
Exercise price of outstanding share options (in GBP/HKD/EUR/USD per share) | $ | $ 55.4701 | |||||
Number of HSBC Holdings ordinary shares (in shares) | 36,309 | 36,309 | 36,309 | 36,309 | ||
€5.3532 | ||||||
Disclosure of range of exercise prices of outstanding share options [line items] | ||||||
Exercise price of outstanding share options (in GBP/HKD/EUR/USD per share) | € | € 5.3532 | |||||
Number of HSBC Holdings ordinary shares (in shares) | 10,539 | 10,539 | 10,539 | 10,539 | ||
$ 7.1456 | ||||||
Disclosure of range of exercise prices of outstanding share options [line items] | ||||||
Exercise price of outstanding share options (in GBP/HKD/EUR/USD per share) | $ | $ 7.1456 | |||||
Number of HSBC Holdings ordinary shares (in shares) | 17,873 | 17,873 | 17,873 | 17,873 |
Called up share capital and o_9
Called up share capital and other equity instruments - Maximum obligation to deliver HSBC Holdings ordinary shares (Details) - shares | Dec. 31, 2018 | Dec. 31, 2017 |
Share Capital, Reserves And Other Equity Interest [Abstract] | ||
Maximum shares required to deliver all outstanding options (in shares) | 152,667,912 | 169,615,437 |
Number of shares held in employee benefit trust (in shares) | 5,928,890 | 5,883,444 |
Contingent liabilities, contr_3
Contingent liabilities, contractual commitments, and guarantees - Summary of Contingent Liabilities, Guarantees, and Commitments (Details) - USD ($) $ in Millions | Dec. 31, 2018 | Jan. 01, 2018 | Dec. 31, 2017 |
Disclosure of contingent liabilities [line items] | |||
Guarantees and other contingent liabilities | $ 96,410 | $ 93,472 | |
Commitments | 780,266 | 729,486 | |
Off-balance sheet commitments | 259,643 | ||
Increase due to corrections of prior period errors | |||
Disclosure of contingent liabilities [line items] | |||
Commitments | 44,000 | ||
– documentary credits and short-term trade-related transactions | |||
Disclosure of contingent liabilities [line items] | |||
Commitments | 7,083 | 8,776 | |
– forward asset purchases and forward deposits placed | |||
Disclosure of contingent liabilities [line items] | |||
Commitments | 67,265 | 48,192 | |
loan commitments | Increase due to corrections of prior period errors | |||
Disclosure of contingent liabilities [line items] | |||
Commitments | 44,000 | ||
– standby facilities, credit lines and other commitments to lend | |||
Disclosure of contingent liabilities [line items] | |||
Commitments | 705,918 | 672,518 | |
Loan and other credit-related commitments | |||
Disclosure of contingent liabilities [line items] | |||
Off-balance sheet commitments | 188,258 | ||
HSBC Holdings | |||
Disclosure of contingent liabilities [line items] | |||
Guarantees and other contingent liabilities | 8,842 | 7,778 | |
Commitments | 0 | 0 | |
HSBC Holdings | – documentary credits and short-term trade-related transactions | |||
Disclosure of contingent liabilities [line items] | |||
Commitments | 0 | 0 | |
HSBC Holdings | – forward asset purchases and forward deposits placed | |||
Disclosure of contingent liabilities [line items] | |||
Commitments | 0 | 0 | |
HSBC Holdings | – standby facilities, credit lines and other commitments to lend | |||
Disclosure of contingent liabilities [line items] | |||
Commitments | 0 | 0 | |
– financial guarantees | |||
Disclosure of contingent liabilities [line items] | |||
Guarantees and other contingent liabilities | 23,518 | 25,849 | |
– financial guarantees | HSBC Holdings | |||
Disclosure of contingent liabilities [line items] | |||
Guarantees and other contingent liabilities | 8,627 | 7,778 | |
– performance and other guarantees | |||
Disclosure of contingent liabilities [line items] | |||
Guarantees and other contingent liabilities | 71,484 | 67,007 | |
– performance and other guarantees | Increase due to corrections of prior period errors | |||
Disclosure of contingent liabilities [line items] | |||
Guarantees and other contingent liabilities | 3,000 | ||
– performance and other guarantees | HSBC Holdings | |||
Disclosure of contingent liabilities [line items] | |||
Guarantees and other contingent liabilities | 0 | 0 | |
– other contingent liabilities | |||
Disclosure of contingent liabilities [line items] | |||
Guarantees and other contingent liabilities | 1,408 | 616 | |
– other contingent liabilities | HSBC Holdings | |||
Disclosure of contingent liabilities [line items] | |||
Guarantees and other contingent liabilities | 215 | $ 0 | |
IFRS 9 | |||
Disclosure of contingent liabilities [line items] | |||
Off-balance sheet commitments | 615,108 | ||
IFRS 9 | Loan and other credit-related commitments | |||
Disclosure of contingent liabilities [line items] | |||
Off-balance sheet commitments | 591,683 | $ 544,882 | |
Gross amount | |||
Disclosure of contingent liabilities [line items] | |||
Off-balance sheet commitments | 259,742 | ||
Gross amount | Loan and other credit-related commitments | |||
Disclosure of contingent liabilities [line items] | |||
Off-balance sheet commitments | 188,258 | ||
Gross amount | IFRS 9 | |||
Disclosure of contingent liabilities [line items] | |||
Off-balance sheet commitments | 615,526 | 571,107 | |
Gross amount | IFRS 9 | Loan and other credit-related commitments | |||
Disclosure of contingent liabilities [line items] | |||
Off-balance sheet commitments | $ 592,008 | $ 545,258 |
Contingent liabilities, contr_4
Contingent liabilities, contractual commitments, and guarantees - Narrative (Details) $ in Millions, £ in Billions | Dec. 31, 2018USD ($) | Dec. 31, 2018GBP (£) | Dec. 31, 2017USD ($) |
Disclosure of contingent liabilities [line items] | |||
Estimated financial effect of contingent liabilities | $ 96,410 | $ 93,472 | |
Associates | |||
Disclosure of contingent liabilities [line items] | |||
Estimated financial effect of contingent liabilities | 48,500 | $ 46,300 | |
HM Treasury | |||
Disclosure of contingent liabilities [line items] | |||
Loans | $ 6,300 | £ 4.7 |
Lease commitments - Narrative (
Lease commitments - Narrative (Details) - USD ($) $ in Millions | Dec. 31, 2018 | Dec. 31, 2017 |
Leases1 [Abstract] | ||
Minimum lease payments payable under non-cancellable operating lease | $ 3,435 | $ 3,950 |
Lease commitments - Summary of
Lease commitments - Summary of lease receivables (Details) - USD ($) $ in Millions | Dec. 31, 2018 | Dec. 31, 2017 |
Disclosure of maturity analysis of finance lease payments receivable [line items] | ||
Total future minimum payments | $ 14,681 | $ 15,340 |
Unearned finance income | (1,443) | (1,691) |
Present value | 13,238 | 13,649 |
No later than one year | ||
Disclosure of maturity analysis of finance lease payments receivable [line items] | ||
Total future minimum payments | 2,229 | 3,523 |
Unearned finance income | (196) | (326) |
Present value | 2,033 | 3,197 |
Later than one year and no later than five years | ||
Disclosure of maturity analysis of finance lease payments receivable [line items] | ||
Total future minimum payments | 7,420 | 7,033 |
Unearned finance income | (628) | (696) |
Present value | 6,792 | 6,337 |
Later than five years | ||
Disclosure of maturity analysis of finance lease payments receivable [line items] | ||
Total future minimum payments | 5,032 | 4,784 |
Unearned finance income | (619) | (669) |
Present value | $ 4,413 | $ 4,115 |
Legal proceedings and regulat_2
Legal proceedings and regulatory matters (Details) $ in Billions | 1 Months Ended | 2 Months Ended | 3 Months Ended | 4 Months Ended | 5 Months Ended | 12 Months Ended | 24 Months Ended | 36 Months Ended | |||||||||||
Dec. 31, 2018USD ($)complaintsecuritisation_trust | Jul. 31, 2018complaint | Jan. 31, 2018 | Dec. 31, 2017USD ($)complaint | Feb. 28, 2017financial_institution | Dec. 31, 2016USD ($) | Apr. 30, 2016complaint | Jul. 31, 2014CAD ($) | Jun. 30, 2014USD ($) | Aug. 31, 2016lawsuit | Oct. 31, 2018USD ($) | Nov. 30, 2015individualoffices | Nov. 30, 2015complaint | Dec. 31, 2018USD ($)complaintsecuritisation_trust | Dec. 31, 2018USD ($)plaintiffsecuritisation_trust | Dec. 31, 2007USD ($) | Jan. 01, 2018USD ($) | [1] | Nov. 30, 2008USD ($) | |
Disclosure of contingent liabilities [line items] | |||||||||||||||||||
Estimated financial effect of contingent liabilities | $ 96,410,000,000 | $ 93,472,000,000 | $ 96,410,000,000 | $ 96,410,000,000 | |||||||||||||||
Outstanding principal amount on loans securitized | $ 3,800,000,000 | $ 3,800,000,000 | $ 3,800,000,000 | ||||||||||||||||
Number of mortgage securitisation trusts with litigation proceedings | securitisation_trust | 280 | 280 | 280 | ||||||||||||||||
Other provisions | $ 2,920,000,000 | 4,011,000,000 | $ 4,773,000,000 | $ 2,920,000,000 | $ 2,920,000,000 | $ 4,295,000,000 | |||||||||||||
Madoff Securities | |||||||||||||||||||
Disclosure of contingent liabilities [line items] | |||||||||||||||||||
Aggregate value of funds with assets invested in securities under litigation | $ 8,400,000,000 | ||||||||||||||||||
Estimated fund transfers, less withdrawals from securities under litigation | $ 4,000,000,000 | ||||||||||||||||||
HSBC Bank USA, N.A. | |||||||||||||||||||
Disclosure of contingent liabilities [line items] | |||||||||||||||||||
Mortgage securitisation loan purchased and sold | $ 24,000,000,000 | ||||||||||||||||||
HSBC Holdings | |||||||||||||||||||
Disclosure of contingent liabilities [line items] | |||||||||||||||||||
Estimated financial effect of contingent liabilities | 8,842,000,000 | $ 7,778,000,000 | 8,842,000,000 | 8,842,000,000 | |||||||||||||||
Madoff litigation | Legal proceedings contingent liability | |||||||||||||||||||
Disclosure of contingent liabilities [line items] | |||||||||||||||||||
Estimated financial effect of contingent liabilities | 500,000,000 | $ 500,000,000 | 500,000,000 | ||||||||||||||||
Mortgage Securitisation Pool Trust litigation | HSBC Bank USA, N.A. | |||||||||||||||||||
Disclosure of contingent liabilities [line items] | |||||||||||||||||||
Damages sought | $ 38,000,000,000 | ||||||||||||||||||
Mortgage loan repurchase matters | HSBC Mortgage Corporation, Inc. | |||||||||||||||||||
Disclosure of contingent liabilities [line items] | |||||||||||||||||||
Number of claims dismissed | complaint | 1 | ||||||||||||||||||
Number of lawsuits/claims filed | complaint | 2 | ||||||||||||||||||
Anti-money laundering and sanctions-related matters | HSBC Holdings | |||||||||||||||||||
Disclosure of contingent liabilities [line items] | |||||||||||||||||||
Damages sought | $ 20 | ||||||||||||||||||
Tax-related investigation | |||||||||||||||||||
Disclosure of contingent liabilities [line items] | |||||||||||||||||||
Estimated financial effect of contingent liabilities | 800,000,000 | $ 800,000,000 | $ 800,000,000 | ||||||||||||||||
Number of Indian tax authority offices | offices | 2 | ||||||||||||||||||
Number of Indian individuals and families | individual | 4 | ||||||||||||||||||
Benchmark rate litigation | |||||||||||||||||||
Disclosure of contingent liabilities [line items] | |||||||||||||||||||
Number of lawsuits/claims filed | lawsuit | 2 | ||||||||||||||||||
Infringement period | 1 month | ||||||||||||||||||
Number of groups of plaintiffs | plaintiff | 5 | ||||||||||||||||||
Foreign exchange rate investigations and litigation | |||||||||||||||||||
Disclosure of contingent liabilities [line items] | |||||||||||||||||||
Deferred prosecution agreement period | 3 years | ||||||||||||||||||
Number of financial institutions included in complaint for proceedings | financial_institution | 18 | ||||||||||||||||||
Precious metals fix-related investigations and litigation | |||||||||||||||||||
Disclosure of contingent liabilities [line items] | |||||||||||||||||||
Number of lawsuits/claims filed | complaint | 2 | ||||||||||||||||||
Film finance litigation | HSBC Private Bank (UK) Limited | |||||||||||||||||||
Disclosure of contingent liabilities [line items] | |||||||||||||||||||
Number of new claims filed | complaint | 2 | ||||||||||||||||||
Legal proceedings and regulatory matters | |||||||||||||||||||
Disclosure of contingent liabilities [line items] | |||||||||||||||||||
Other provisions | 1,128,000,000 | $ 1,501,000,000 | $ 2,436,000,000 | 1,128,000,000 | $ 1,128,000,000 | ||||||||||||||
Legal proceedings and regulatory matters | Tax-related investigation | |||||||||||||||||||
Disclosure of contingent liabilities [line items] | |||||||||||||||||||
Other provisions | $ 626,000,000 | $ 626,000,000 | $ 626,000,000 | ||||||||||||||||
NEW YORK | Anti-money laundering and sanctions-related matters | HSBC Holdings | |||||||||||||||||||
Disclosure of contingent liabilities [line items] | |||||||||||||||||||
Number of claims dismissed | complaint | 1 | ||||||||||||||||||
Number of lawsuits/claims filed | complaint | 3 | ||||||||||||||||||
Number of claims related to existing actions filed | complaint | 2 | ||||||||||||||||||
Number of pending claims | complaint | 9 | ||||||||||||||||||
Number of claims on appeal | complaint | 1 | ||||||||||||||||||
Number of pending claims with motions to dismiss | complaint | 2 | ||||||||||||||||||
Commencement of major litigation | Residential mortgage-backed securities transactions | |||||||||||||||||||
Disclosure of contingent liabilities [line items] | |||||||||||||||||||
Litigation settlement, amount awarded to other party | $ 765,000,000 | ||||||||||||||||||
[1] | Balances at 1 January 2018 have been prepared in accordance with accounting policies referred to on page 263. 31 December 2017 balances have not been re-presented. Information regarding the effects of adoption of IFRS 9 can be found in Note 37. |
Related party transactions - Su
Related party transactions - Summary of compensation of key management personnel (Details) - USD ($) $ in Millions | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Related Party [Abstract] | |||
Short-term employee benefits | $ 52 | $ 43 | $ 41 |
Other long-term employee benefits | 6 | 5 | 5 |
Share-based payments | 34 | 35 | 37 |
Total | $ 92 | $ 83 | $ 83 |
Related party transactions - _2
Related party transactions - Summary of shareholdings, options and other securities of key management personnel (Details) shares in Thousands | Dec. 31, 2018shares | Dec. 31, 2017shares | Dec. 31, 2016shares |
Disclosure of transactions between related parties [line items] | |||
Number of options held over HSBC Holdings ordinary shares under employee share plans (in shares) | 57,065 | 64,670 | 70,027 |
Key management personnel of entity or parent | |||
Disclosure of transactions between related parties [line items] | |||
Number of options held over HSBC Holdings ordinary shares under employee share plans (in shares) | 24 | 15 | |
Number of HSBC Holdings ordinary shares held beneficially and non-beneficially (in shares) | 17,940 | 22,609 | |
Shareholdings, options and other securities of Key Management Personnel (in shares) | 17,964 | 22,624 |
Related party transactions - _3
Related party transactions - Summary of transactions and balances during the year with key management personnel (Details) - USD ($) $ in Millions | Dec. 31, 2018 | Dec. 31, 2017 |
Key management personnel of entity or parent | ||
Disclosure of transactions between related parties [line items] | ||
Advances and credits | $ 169 | $ 329 |
Guarantees | 0.6 | 6 |
Deposits | 352 | 300 |
Advances and credits, highest amount during the year | 288 | 334 |
Guarantees, highest amount during the year | 0.6 | 52 |
Deposits, highest amount during the year | 924 | 893 |
Director | ||
Disclosure of transactions between related parties [line items] | ||
Advances and credits | $ 1 | $ 2 |
Related party transactions - _4
Related party transactions - Summary of transactions and balances during the year with associates and joint ventures (Details) - USD ($) $ in Millions | Dec. 31, 2018 | Dec. 31, 2017 |
Joint Venture And Associates | ||
Disclosure of transactions between related parties [line items] | ||
Guarantees and commitments, highest amount during the year | $ 790 | $ 654 |
Guarantees and commitments | 523 | 665 |
Joint ventures where entity is venturer | ||
Disclosure of transactions between related parties [line items] | ||
Amounts due to associates, highest amount during the year | 22 | 0 |
Amounts due to associates | 22 | 0 |
Associates | ||
Disclosure of transactions between related parties [line items] | ||
Amounts due to associates, highest amount during the year | 2,020 | 2,617 |
Amounts due to associates | 273 | 1,232 |
Unsubordinated Accounts Receivable | Joint ventures where entity is venturer | ||
Disclosure of transactions between related parties [line items] | ||
Amounts due from joint ventures and associates, highest amount during the year | 130 | 138 |
Amounts due from joint ventures and associates | 115 | 119 |
Unsubordinated Accounts Receivable | Associates | ||
Disclosure of transactions between related parties [line items] | ||
Amounts due from joint ventures and associates, highest amount during the year | 3,887 | 3,104 |
Amounts due from joint ventures and associates | 3,000 | 2,537 |
Subordinated Accounts Receivable | Associates | ||
Disclosure of transactions between related parties [line items] | ||
Amounts due from joint ventures and associates, highest amount during the year | 0 | 411 |
Amounts due from joint ventures and associates | $ 0 | $ 411 |
Related party transactions - _5
Related party transactions - Summary of post-employment benefits (Details) - USD ($) $ in Millions | 12 Months Ended | |
Dec. 31, 2018 | Dec. 31, 2017 | |
Subsidiaries | ||
Disclosure of transactions between related parties [line items] | ||
Post-employment benefit plan assets under management of subsidiary | $ 4,400 | $ 5,300 |
Related party management fees | 8 | 8 |
Retirement benefit plan deposit assets placed at related party | 297 | 875 |
Retirement benefit plan interest income earned from related party | 0 | 0 |
Principal plan | Other related parties | ||
Disclosure of transactions between related parties [line items] | ||
Notional amount with related party | 10,500 | 11,300 |
Derivative assets with related party | 1,000 | 1,000 |
Cash collateral received with related party | $ 1,000 | $ 1,000 |
Related party transactions - _6
Related party transactions - Summary of transactions and balances during the year with subsidiaries (Details) - USD ($) $ in Millions | Dec. 31, 2018 | Jan. 01, 2018 | [1] | Dec. 31, 2017 | Dec. 31, 2016 |
Assets | |||||
Derivatives | $ 207,825 | $ 219,818 | $ 219,818 | ||
Loans and advances to HSBC undertakings | 72,167 | 82,559 | 90,393 | ||
Financial investments in HSBC undertakings | 407,433 | 383,499 | 389,076 | ||
Total assets | 2,558,124 | 2,518,430 | 2,521,771 | $ 2,374,986 | |
Liabilities | |||||
Derivatives | 205,835 | 216,821 | 216,821 | ||
Subordinated liabilities | 22,437 | 25,861 | 19,826 | ||
Total liabilities | 2,363,875 | $ 2,322,206 | 2,323,900 | ||
Subsidiaries | |||||
Assets, highest amount during the year | |||||
Cash and balances with HSBC undertakings | 16,473 | 1,985 | |||
Loans and advances to HSBC undertakings designated at fair value | 23,513 | 11,944 | |||
Derivatives | 1,235 | 2,796 | |||
Loans and advances to HSBC undertakings | 77,311 | 89,810 | |||
Financial investments in HSBC undertakings | 0 | 4,264 | |||
Investments in subsidiaries | 160,231 | 95,850 | |||
Total related party assets at 31 Dec | 278,763 | 206,649 | |||
Assets | |||||
Cash and balances with HSBC undertakings | 3,509 | 1,985 | |||
Loans and advances to HSBC undertakings designated at fair value | 23,513 | 11,944 | |||
Derivatives | 707 | 2,388 | |||
Loans and advances to HSBC undertakings | 56,144 | 76,627 | |||
Financial investments in HSBC undertakings | 0 | 4,264 | |||
Investments in subsidiaries | 160,231 | 92,930 | |||
Total assets | 244,104 | 190,138 | |||
Liabilities, highest amount during the year | |||||
Amounts owed to HSBC undertakings | 2,040 | 2,906 | |||
Derivatives | 3,639 | 4,904 | |||
Subordinated liabilities | 892 | 892 | |||
Total related party liabilities at 31 Dec | 6,571 | 8,702 | |||
Liabilities | |||||
Amounts owed to HSBC undertakings | 949 | 2,571 | |||
Derivatives | 2,159 | 3,082 | |||
Subordinated liabilities | 892 | 892 | |||
Total liabilities | 4,000 | 6,545 | |||
Guarantees and commitments, highest amount during the year | 11,629 | 9,692 | |||
Guarantees and commitments | $ 8,627 | $ 7,778 | |||
[1] | Balances at 1 January 2018 have been prepared in accordance with accounting policies referred to on page 263. 31 December 2017 balances have not been re-presented. Information regarding the effects of adoption of IFRS 9 can be found in Note 37. |
Effects of reclassification u_3
Effects of reclassification upon adoption of IFRS 9 - Effect of reclassification of financial assets upon adoption of IFRS 9 (Details) - USD ($) $ in Thousands | Jan. 01, 2018 | Dec. 31, 2017 |
Disclosure Of Financial Assets At Date Of Initial Application Of IFRS 9 [Line Items] | ||
IAS 39 carrying amount at 31 Dec 2017 | $ 2,521,771,000 | |
Carrying amount post reclassifi-cation | 2,521,771,000 | |
IFRS 9 re-measurement including expected credit losses | (3,341,000) | |
IFRS 9 carrying amount at 1 Jan 2018 | $ 2,518,430,000 | |
Trading assets | ||
Disclosure Of Financial Assets At Date Of Initial Application Of IFRS 9 [Line Items] | ||
IAS 39 carrying amount at 31 Dec 2017 | 287,995,000 | |
Carrying amount post reclassifi-cation | 254,409,000 | |
IFRS 9 re-measurement including expected credit losses | 1,000 | |
IFRS 9 carrying amount at 1 Jan 2018 | 254,410,000 | |
Financial assets designated and otherwise mandatorily measured at fair value through profit or loss | ||
Disclosure Of Financial Assets At Date Of Initial Application Of IFRS 9 [Line Items] | ||
IAS 39 carrying amount at 31 Dec 2017 | 29,464,000 | |
Carrying amount post reclassifi-cation | 39,714,000 | |
IFRS 9 re-measurement including expected credit losses | 32,000 | |
IFRS 9 carrying amount at 1 Jan 2018 | 39,746,000 | |
Held to maturity | ||
Disclosure Of Financial Assets At Date Of Initial Application Of IFRS 9 [Line Items] | ||
IAS 39 carrying amount at 31 Dec 2017 | 52,919,000 | |
Carrying amount post reclassifi-cation | 59,980,000 | |
IFRS 9 re-measurement including expected credit losses | (457,000) | |
IFRS 9 carrying amount at 1 Jan 2018 | 59,523,000 | |
Cash and balances at central banks | ||
Disclosure Of Financial Assets At Date Of Initial Application Of IFRS 9 [Line Items] | ||
IAS 39 carrying amount at 31 Dec 2017 | 180,624,000 | |
Carrying amount post reclassifi-cation | 180,624,000 | |
IFRS 9 re-measurement including expected credit losses | (3,000) | |
IFRS 9 carrying amount at 1 Jan 2018 | 180,621,000 | |
Items in the course of collection from other banks | ||
Disclosure Of Financial Assets At Date Of Initial Application Of IFRS 9 [Line Items] | ||
IAS 39 carrying amount at 31 Dec 2017 | 6,628,000 | |
Carrying amount post reclassifi-cation | 6,628,000 | |
IFRS 9 re-measurement including expected credit losses | 0 | |
IFRS 9 carrying amount at 1 Jan 2018 | 6,628,000 | |
Hong Kong Government certificates of indebtedness | ||
Disclosure Of Financial Assets At Date Of Initial Application Of IFRS 9 [Line Items] | ||
IAS 39 carrying amount at 31 Dec 2017 | 34,186,000 | |
Carrying amount post reclassifi-cation | 34,186,000 | |
IFRS 9 re-measurement including expected credit losses | 0 | |
IFRS 9 carrying amount at 1 Jan 2018 | 34,186,000 | |
Derivatives | ||
Disclosure Of Financial Assets At Date Of Initial Application Of IFRS 9 [Line Items] | ||
IAS 39 carrying amount at 31 Dec 2017 | 219,818,000 | |
Carrying amount post reclassifi-cation | 219,818,000 | |
IFRS 9 re-measurement including expected credit losses | 0 | |
IFRS 9 carrying amount at 1 Jan 2018 | 219,818,000 | |
Loans and advances to banks | ||
Disclosure Of Financial Assets At Date Of Initial Application Of IFRS 9 [Line Items] | ||
IAS 39 carrying amount at 31 Dec 2017 | 90,393,000 | |
Carrying amount post reclassifi-cation | 82,582,000 | |
IFRS 9 re-measurement including expected credit losses | (23,000) | |
IFRS 9 carrying amount at 1 Jan 2018 | 82,559,000 | |
Loans and advances to customers | ||
Disclosure Of Financial Assets At Date Of Initial Application Of IFRS 9 [Line Items] | ||
IAS 39 carrying amount at 31 Dec 2017 | 962,964,000 | |
Carrying amount post reclassifi-cation | 951,627,000 | |
IFRS 9 re-measurement including expected credit losses | (1,890,000) | |
IFRS 9 carrying amount at 1 Jan 2018 | 949,737,000 | |
Reverse repurchase agreements – non-trading | ||
Disclosure Of Financial Assets At Date Of Initial Application Of IFRS 9 [Line Items] | ||
IAS 39 carrying amount at 31 Dec 2017 | 201,553,000 | |
Carrying amount post reclassifi-cation | 201,553,000 | |
IFRS 9 re-measurement including expected credit losses | 0 | |
IFRS 9 carrying amount at 1 Jan 2018 | 201,553,000 | |
Debt instruments | Financial investments: available for sale | ||
Disclosure Of Financial Assets At Date Of Initial Application Of IFRS 9 [Line Items] | ||
IAS 39 carrying amount at 31 Dec 2017 | 332,240,000 | |
Carrying amount post reclassifi-cation | 322,166,000 | |
IFRS 9 re-measurement including expected credit losses | (3,000) | |
IFRS 9 carrying amount at 1 Jan 2018 | 322,163,000 | |
Equity securities | Financial investments: available for sale | ||
Disclosure Of Financial Assets At Date Of Initial Application Of IFRS 9 [Line Items] | ||
IAS 39 carrying amount at 31 Dec 2017 | 3,917,000 | |
Carrying amount post reclassifi-cation | 1,813,000 | |
IFRS 9 re-measurement including expected credit losses | 0 | |
IFRS 9 carrying amount at 1 Jan 2018 | 1,813,000 | |
Prepayments, accrued income and other assets | ||
Disclosure Of Financial Assets At Date Of Initial Application Of IFRS 9 [Line Items] | ||
IAS 39 carrying amount at 31 Dec 2017 | 67,191,000 | |
Carrying amount post reclassifi-cation | 114,792,000 | |
IFRS 9 re-measurement including expected credit losses | (15,000) | |
IFRS 9 carrying amount at 1 Jan 2018 | 114,777,000 | |
Current tax assets | ||
Disclosure Of Financial Assets At Date Of Initial Application Of IFRS 9 [Line Items] | ||
IAS 39 carrying amount at 31 Dec 2017 | 1,006,000 | |
Carrying amount post reclassifi-cation | 1,006,000 | |
IFRS 9 re-measurement including expected credit losses | 0 | |
IFRS 9 carrying amount at 1 Jan 2018 | 1,006,000 | |
Interests in associates and joint ventures | ||
Disclosure Of Financial Assets At Date Of Initial Application Of IFRS 9 [Line Items] | ||
IAS 39 carrying amount at 31 Dec 2017 | 22,744,000 | |
Carrying amount post reclassifi-cation | 22,744,000 | |
IFRS 9 re-measurement including expected credit losses | (942,000) | (942,000) |
IFRS 9 carrying amount at 1 Jan 2018 | 21,802,000 | |
Goodwill and intangible assets | ||
Disclosure Of Financial Assets At Date Of Initial Application Of IFRS 9 [Line Items] | ||
IAS 39 carrying amount at 31 Dec 2017 | 23,453,000 | |
Carrying amount post reclassifi-cation | 23,453,000 | |
IFRS 9 re-measurement including expected credit losses | (79,000) | |
IFRS 9 carrying amount at 1 Jan 2018 | 23,374,000 | |
Deferred tax assets | ||
Disclosure Of Financial Assets At Date Of Initial Application Of IFRS 9 [Line Items] | ||
IAS 39 carrying amount at 31 Dec 2017 | 4,676,000 | |
Carrying amount post reclassifi-cation | 4,676,000 | |
IFRS 9 re-measurement including expected credit losses | 38,000 | |
IFRS 9 carrying amount at 1 Jan 2018 | 4,714,000 | |
Other changes in classification | ||
Disclosure Of Financial Assets At Date Of Initial Application Of IFRS 9 [Line Items] | ||
IFRS 9 reclassifications and other changes in classification | 0 | |
Other changes in classification | Trading assets | ||
Disclosure Of Financial Assets At Date Of Initial Application Of IFRS 9 [Line Items] | ||
IFRS 9 reclassifications and other changes in classification | 4,329,000 | |
Other changes in classification | Financial assets designated and otherwise mandatorily measured at fair value through profit or loss | ||
Disclosure Of Financial Assets At Date Of Initial Application Of IFRS 9 [Line Items] | ||
IFRS 9 reclassifications and other changes in classification | 313,000 | |
Other changes in classification | Held to maturity | ||
Disclosure Of Financial Assets At Date Of Initial Application Of IFRS 9 [Line Items] | ||
IFRS 9 reclassifications and other changes in classification | 0 | |
Other changes in classification | Cash and balances at central banks | ||
Disclosure Of Financial Assets At Date Of Initial Application Of IFRS 9 [Line Items] | ||
IFRS 9 reclassifications and other changes in classification | 0 | |
Other changes in classification | Items in the course of collection from other banks | ||
Disclosure Of Financial Assets At Date Of Initial Application Of IFRS 9 [Line Items] | ||
IFRS 9 reclassifications and other changes in classification | 0 | |
Other changes in classification | Hong Kong Government certificates of indebtedness | ||
Disclosure Of Financial Assets At Date Of Initial Application Of IFRS 9 [Line Items] | ||
IFRS 9 reclassifications and other changes in classification | 0 | |
Other changes in classification | Derivatives | ||
Disclosure Of Financial Assets At Date Of Initial Application Of IFRS 9 [Line Items] | ||
IFRS 9 reclassifications and other changes in classification | 0 | |
Other changes in classification | Loans and advances to banks | ||
Disclosure Of Financial Assets At Date Of Initial Application Of IFRS 9 [Line Items] | ||
IFRS 9 reclassifications and other changes in classification | (7,099,000) | |
Other changes in classification | Loans and advances to customers | ||
Disclosure Of Financial Assets At Date Of Initial Application Of IFRS 9 [Line Items] | ||
IFRS 9 reclassifications and other changes in classification | (7,458,000) | |
Other changes in classification | Reverse repurchase agreements – non-trading | ||
Disclosure Of Financial Assets At Date Of Initial Application Of IFRS 9 [Line Items] | ||
IFRS 9 reclassifications and other changes in classification | 0 | |
Other changes in classification | Debt instruments | Financial investments: available for sale | ||
Disclosure Of Financial Assets At Date Of Initial Application Of IFRS 9 [Line Items] | ||
IFRS 9 reclassifications and other changes in classification | 0 | |
Other changes in classification | Equity securities | Financial investments: available for sale | ||
Disclosure Of Financial Assets At Date Of Initial Application Of IFRS 9 [Line Items] | ||
IFRS 9 reclassifications and other changes in classification | 0 | |
Other changes in classification | Prepayments, accrued income and other assets | ||
Disclosure Of Financial Assets At Date Of Initial Application Of IFRS 9 [Line Items] | ||
IFRS 9 reclassifications and other changes in classification | 9,915,000 | |
Other changes in classification | Current tax assets | ||
Disclosure Of Financial Assets At Date Of Initial Application Of IFRS 9 [Line Items] | ||
IFRS 9 reclassifications and other changes in classification | 0 | |
Other changes in classification | Interests in associates and joint ventures | ||
Disclosure Of Financial Assets At Date Of Initial Application Of IFRS 9 [Line Items] | ||
IFRS 9 reclassifications and other changes in classification | 0 | |
Other changes in classification | Goodwill and intangible assets | ||
Disclosure Of Financial Assets At Date Of Initial Application Of IFRS 9 [Line Items] | ||
IFRS 9 reclassifications and other changes in classification | 0 | |
Other changes in classification | Deferred tax assets | ||
Disclosure Of Financial Assets At Date Of Initial Application Of IFRS 9 [Line Items] | ||
IFRS 9 reclassifications and other changes in classification | 0 | |
Fair value through profit and loss | ||
Disclosure Of Financial Assets At Date Of Initial Application Of IFRS 9 [Line Items] | ||
IFRS 9 reclassifications and other changes in classification | 0 | |
Fair value through profit and loss | Trading assets | ||
Disclosure Of Financial Assets At Date Of Initial Application Of IFRS 9 [Line Items] | ||
IFRS 9 reclassifications and other changes in classification | 9,000 | |
Fair value through profit and loss | Financial assets designated and otherwise mandatorily measured at fair value through profit or loss | ||
Disclosure Of Financial Assets At Date Of Initial Application Of IFRS 9 [Line Items] | ||
IFRS 9 reclassifications and other changes in classification | 10,055,000 | |
Fair value through profit and loss | Held to maturity | ||
Disclosure Of Financial Assets At Date Of Initial Application Of IFRS 9 [Line Items] | ||
IFRS 9 reclassifications and other changes in classification | 0 | |
Fair value through profit and loss | Cash and balances at central banks | ||
Disclosure Of Financial Assets At Date Of Initial Application Of IFRS 9 [Line Items] | ||
IFRS 9 reclassifications and other changes in classification | 0 | |
Fair value through profit and loss | Items in the course of collection from other banks | ||
Disclosure Of Financial Assets At Date Of Initial Application Of IFRS 9 [Line Items] | ||
IFRS 9 reclassifications and other changes in classification | 0 | |
Fair value through profit and loss | Hong Kong Government certificates of indebtedness | ||
Disclosure Of Financial Assets At Date Of Initial Application Of IFRS 9 [Line Items] | ||
IFRS 9 reclassifications and other changes in classification | 0 | |
Fair value through profit and loss | Derivatives | ||
Disclosure Of Financial Assets At Date Of Initial Application Of IFRS 9 [Line Items] | ||
IFRS 9 reclassifications and other changes in classification | 0 | |
Fair value through profit and loss | Loans and advances to banks | ||
Disclosure Of Financial Assets At Date Of Initial Application Of IFRS 9 [Line Items] | ||
IFRS 9 reclassifications and other changes in classification | (712,000) | |
Fair value through profit and loss | Loans and advances to customers | ||
Disclosure Of Financial Assets At Date Of Initial Application Of IFRS 9 [Line Items] | ||
IFRS 9 reclassifications and other changes in classification | (3,903,000) | |
Fair value through profit and loss | Reverse repurchase agreements – non-trading | ||
Disclosure Of Financial Assets At Date Of Initial Application Of IFRS 9 [Line Items] | ||
IFRS 9 reclassifications and other changes in classification | 0 | |
Fair value through profit and loss | Debt instruments | Financial investments: available for sale | ||
Disclosure Of Financial Assets At Date Of Initial Application Of IFRS 9 [Line Items] | ||
IFRS 9 reclassifications and other changes in classification | (3,131,000) | |
Fair value through profit and loss | Equity securities | Financial investments: available for sale | ||
Disclosure Of Financial Assets At Date Of Initial Application Of IFRS 9 [Line Items] | ||
IFRS 9 reclassifications and other changes in classification | (2,104,000) | |
Fair value through profit and loss | Prepayments, accrued income and other assets | ||
Disclosure Of Financial Assets At Date Of Initial Application Of IFRS 9 [Line Items] | ||
IFRS 9 reclassifications and other changes in classification | (214,000) | |
Fair value through profit and loss | Current tax assets | ||
Disclosure Of Financial Assets At Date Of Initial Application Of IFRS 9 [Line Items] | ||
IFRS 9 reclassifications and other changes in classification | 0 | |
Fair value through profit and loss | Interests in associates and joint ventures | ||
Disclosure Of Financial Assets At Date Of Initial Application Of IFRS 9 [Line Items] | ||
IFRS 9 reclassifications and other changes in classification | 0 | |
Fair value through profit and loss | Goodwill and intangible assets | ||
Disclosure Of Financial Assets At Date Of Initial Application Of IFRS 9 [Line Items] | ||
IFRS 9 reclassifications and other changes in classification | 0 | |
Fair value through profit and loss | Deferred tax assets | ||
Disclosure Of Financial Assets At Date Of Initial Application Of IFRS 9 [Line Items] | ||
IFRS 9 reclassifications and other changes in classification | 0 | |
Fair value through other comprehensive income | ||
Disclosure Of Financial Assets At Date Of Initial Application Of IFRS 9 [Line Items] | ||
IFRS 9 reclassifications and other changes in classification | 0 | |
Fair value through other comprehensive income | Trading assets | ||
Disclosure Of Financial Assets At Date Of Initial Application Of IFRS 9 [Line Items] | ||
IFRS 9 reclassifications and other changes in classification | 0 | |
Fair value through other comprehensive income | Financial assets designated and otherwise mandatorily measured at fair value through profit or loss | ||
Disclosure Of Financial Assets At Date Of Initial Application Of IFRS 9 [Line Items] | ||
IFRS 9 reclassifications and other changes in classification | (3,000) | |
Fair value through other comprehensive income | Held to maturity | ||
Disclosure Of Financial Assets At Date Of Initial Application Of IFRS 9 [Line Items] | ||
IFRS 9 reclassifications and other changes in classification | (80,000) | |
Fair value through other comprehensive income | Cash and balances at central banks | ||
Disclosure Of Financial Assets At Date Of Initial Application Of IFRS 9 [Line Items] | ||
IFRS 9 reclassifications and other changes in classification | 0 | |
Fair value through other comprehensive income | Items in the course of collection from other banks | ||
Disclosure Of Financial Assets At Date Of Initial Application Of IFRS 9 [Line Items] | ||
IFRS 9 reclassifications and other changes in classification | 0 | |
Fair value through other comprehensive income | Hong Kong Government certificates of indebtedness | ||
Disclosure Of Financial Assets At Date Of Initial Application Of IFRS 9 [Line Items] | ||
IFRS 9 reclassifications and other changes in classification | 0 | |
Fair value through other comprehensive income | Derivatives | ||
Disclosure Of Financial Assets At Date Of Initial Application Of IFRS 9 [Line Items] | ||
IFRS 9 reclassifications and other changes in classification | 0 | |
Fair value through other comprehensive income | Loans and advances to banks | ||
Disclosure Of Financial Assets At Date Of Initial Application Of IFRS 9 [Line Items] | ||
IFRS 9 reclassifications and other changes in classification | 0 | |
Fair value through other comprehensive income | Loans and advances to customers | ||
Disclosure Of Financial Assets At Date Of Initial Application Of IFRS 9 [Line Items] | ||
IFRS 9 reclassifications and other changes in classification | 0 | |
Fair value through other comprehensive income | Reverse repurchase agreements – non-trading | ||
Disclosure Of Financial Assets At Date Of Initial Application Of IFRS 9 [Line Items] | ||
IFRS 9 reclassifications and other changes in classification | 0 | |
Fair value through other comprehensive income | Debt instruments | Financial investments: available for sale | ||
Disclosure Of Financial Assets At Date Of Initial Application Of IFRS 9 [Line Items] | ||
IFRS 9 reclassifications and other changes in classification | 83,000 | |
Fair value through other comprehensive income | Equity securities | Financial investments: available for sale | ||
Disclosure Of Financial Assets At Date Of Initial Application Of IFRS 9 [Line Items] | ||
IFRS 9 reclassifications and other changes in classification | 0 | |
Fair value through other comprehensive income | Prepayments, accrued income and other assets | ||
Disclosure Of Financial Assets At Date Of Initial Application Of IFRS 9 [Line Items] | ||
IFRS 9 reclassifications and other changes in classification | 0 | |
Fair value through other comprehensive income | Current tax assets | ||
Disclosure Of Financial Assets At Date Of Initial Application Of IFRS 9 [Line Items] | ||
IFRS 9 reclassifications and other changes in classification | 0 | |
Fair value through other comprehensive income | Interests in associates and joint ventures | ||
Disclosure Of Financial Assets At Date Of Initial Application Of IFRS 9 [Line Items] | ||
IFRS 9 reclassifications and other changes in classification | 0 | |
Fair value through other comprehensive income | Goodwill and intangible assets | ||
Disclosure Of Financial Assets At Date Of Initial Application Of IFRS 9 [Line Items] | ||
IFRS 9 reclassifications and other changes in classification | 0 | |
Fair value through other comprehensive income | Deferred tax assets | ||
Disclosure Of Financial Assets At Date Of Initial Application Of IFRS 9 [Line Items] | ||
IFRS 9 reclassifications and other changes in classification | 0 | |
Amortised cost | ||
Disclosure Of Financial Assets At Date Of Initial Application Of IFRS 9 [Line Items] | ||
IFRS 9 reclassifications and other changes in classification | 0 | |
Amortised cost | Trading assets | ||
Disclosure Of Financial Assets At Date Of Initial Application Of IFRS 9 [Line Items] | ||
IFRS 9 reclassifications and other changes in classification | (37,924,000) | |
Amortised cost | Financial assets designated and otherwise mandatorily measured at fair value through profit or loss | ||
Disclosure Of Financial Assets At Date Of Initial Application Of IFRS 9 [Line Items] | ||
IFRS 9 reclassifications and other changes in classification | (115,000) | |
Amortised cost | Held to maturity | ||
Disclosure Of Financial Assets At Date Of Initial Application Of IFRS 9 [Line Items] | ||
IFRS 9 reclassifications and other changes in classification | 7,141,000 | |
Amortised cost | Cash and balances at central banks | ||
Disclosure Of Financial Assets At Date Of Initial Application Of IFRS 9 [Line Items] | ||
IFRS 9 reclassifications and other changes in classification | 0 | |
Amortised cost | Items in the course of collection from other banks | ||
Disclosure Of Financial Assets At Date Of Initial Application Of IFRS 9 [Line Items] | ||
IFRS 9 reclassifications and other changes in classification | 0 | |
Amortised cost | Hong Kong Government certificates of indebtedness | ||
Disclosure Of Financial Assets At Date Of Initial Application Of IFRS 9 [Line Items] | ||
IFRS 9 reclassifications and other changes in classification | 0 | |
Amortised cost | Derivatives | ||
Disclosure Of Financial Assets At Date Of Initial Application Of IFRS 9 [Line Items] | ||
IFRS 9 reclassifications and other changes in classification | 0 | |
Amortised cost | Loans and advances to banks | ||
Disclosure Of Financial Assets At Date Of Initial Application Of IFRS 9 [Line Items] | ||
IFRS 9 reclassifications and other changes in classification | 0 | |
Amortised cost | Loans and advances to customers | ||
Disclosure Of Financial Assets At Date Of Initial Application Of IFRS 9 [Line Items] | ||
IFRS 9 reclassifications and other changes in classification | 24,000 | |
Amortised cost | Reverse repurchase agreements – non-trading | ||
Disclosure Of Financial Assets At Date Of Initial Application Of IFRS 9 [Line Items] | ||
IFRS 9 reclassifications and other changes in classification | 0 | |
Amortised cost | Debt instruments | Financial investments: available for sale | ||
Disclosure Of Financial Assets At Date Of Initial Application Of IFRS 9 [Line Items] | ||
IFRS 9 reclassifications and other changes in classification | (7,026,000) | |
Amortised cost | Equity securities | Financial investments: available for sale | ||
Disclosure Of Financial Assets At Date Of Initial Application Of IFRS 9 [Line Items] | ||
IFRS 9 reclassifications and other changes in classification | 0 | |
Amortised cost | Prepayments, accrued income and other assets | ||
Disclosure Of Financial Assets At Date Of Initial Application Of IFRS 9 [Line Items] | ||
IFRS 9 reclassifications and other changes in classification | 37,900,000 | |
Amortised cost | Current tax assets | ||
Disclosure Of Financial Assets At Date Of Initial Application Of IFRS 9 [Line Items] | ||
IFRS 9 reclassifications and other changes in classification | 0 | |
Amortised cost | Interests in associates and joint ventures | ||
Disclosure Of Financial Assets At Date Of Initial Application Of IFRS 9 [Line Items] | ||
IFRS 9 reclassifications and other changes in classification | 0 | |
Amortised cost | Goodwill and intangible assets | ||
Disclosure Of Financial Assets At Date Of Initial Application Of IFRS 9 [Line Items] | ||
IFRS 9 reclassifications and other changes in classification | 0 | |
Amortised cost | Deferred tax assets | ||
Disclosure Of Financial Assets At Date Of Initial Application Of IFRS 9 [Line Items] | ||
IFRS 9 reclassifications and other changes in classification | 0 | |
HSBC Holdings | ||
Disclosure Of Financial Assets At Date Of Initial Application Of IFRS 9 [Line Items] | ||
IAS 39 carrying amount at 31 Dec 2017 | 191,734,000 | |
Carrying amount post reclassifi-cation | 191,734,000 | |
IFRS 9 re-measurement including expected credit losses | (175,000) | |
IFRS 9 carrying amount at 1 Jan 2018 | 191,559,000 | |
HSBC Holdings | Financial assets designated and otherwise mandatorily measured at fair value through profit or loss | ||
Disclosure Of Financial Assets At Date Of Initial Application Of IFRS 9 [Line Items] | ||
IAS 39 carrying amount at 31 Dec 2017 | 11,944,000 | |
Carrying amount post reclassifi-cation | 16,208,000 | |
IFRS 9 re-measurement including expected credit losses | 0 | |
IFRS 9 carrying amount at 1 Jan 2018 | 16,208,000 | |
HSBC Holdings | Held to maturity | ||
Disclosure Of Financial Assets At Date Of Initial Application Of IFRS 9 [Line Items] | ||
IAS 39 carrying amount at 31 Dec 2017 | 0 | |
Carrying amount post reclassifi-cation | 0 | |
IFRS 9 re-measurement including expected credit losses | 0 | |
IFRS 9 carrying amount at 1 Jan 2018 | 0 | |
HSBC Holdings | Cash and balances with HSBC undertakings | ||
Disclosure Of Financial Assets At Date Of Initial Application Of IFRS 9 [Line Items] | ||
IAS 39 carrying amount at 31 Dec 2017 | 1,985,000 | |
Carrying amount post reclassifi-cation | 1,985,000 | |
IFRS 9 re-measurement including expected credit losses | 0 | |
IFRS 9 carrying amount at 1 Jan 2018 | 1,985,000 | |
HSBC Holdings | Derivatives | ||
Disclosure Of Financial Assets At Date Of Initial Application Of IFRS 9 [Line Items] | ||
IAS 39 carrying amount at 31 Dec 2017 | 2,388,000 | |
Carrying amount post reclassifi-cation | 2,388,000 | |
IFRS 9 re-measurement including expected credit losses | 0 | |
IFRS 9 carrying amount at 1 Jan 2018 | 2,388,000 | |
HSBC Holdings | Loans and advances to banks | ||
Disclosure Of Financial Assets At Date Of Initial Application Of IFRS 9 [Line Items] | ||
IAS 39 carrying amount at 31 Dec 2017 | 76,627,000 | |
Carrying amount post reclassifi-cation | 76,627,000 | |
IFRS 9 re-measurement including expected credit losses | 0 | |
IFRS 9 carrying amount at 1 Jan 2018 | 76,627,000 | |
HSBC Holdings | Debt instruments | Financial investments: available for sale | ||
Disclosure Of Financial Assets At Date Of Initial Application Of IFRS 9 [Line Items] | ||
IAS 39 carrying amount at 31 Dec 2017 | 4,264,000 | |
Carrying amount post reclassifi-cation | 0 | |
IFRS 9 re-measurement including expected credit losses | 0 | |
IFRS 9 carrying amount at 1 Jan 2018 | 0 | |
HSBC Holdings | Equity securities | Financial investments: available for sale | ||
Disclosure Of Financial Assets At Date Of Initial Application Of IFRS 9 [Line Items] | ||
IAS 39 carrying amount at 31 Dec 2017 | 0 | |
Carrying amount post reclassifi-cation | 0 | |
IFRS 9 re-measurement including expected credit losses | 0 | |
IFRS 9 carrying amount at 1 Jan 2018 | 0 | |
HSBC Holdings | Prepayments, accrued income and other assets | ||
Disclosure Of Financial Assets At Date Of Initial Application Of IFRS 9 [Line Items] | ||
IAS 39 carrying amount at 31 Dec 2017 | 662,000 | |
Carrying amount post reclassifi-cation | 662,000 | |
IFRS 9 re-measurement including expected credit losses | 0 | |
IFRS 9 carrying amount at 1 Jan 2018 | 662,000 | |
HSBC Holdings | Current tax assets | ||
Disclosure Of Financial Assets At Date Of Initial Application Of IFRS 9 [Line Items] | ||
IAS 39 carrying amount at 31 Dec 2017 | 379,000 | |
Carrying amount post reclassifi-cation | 379,000 | |
IFRS 9 re-measurement including expected credit losses | 0 | |
IFRS 9 carrying amount at 1 Jan 2018 | 379,000 | |
HSBC Holdings | Investment in subsidiaries | ||
Disclosure Of Financial Assets At Date Of Initial Application Of IFRS 9 [Line Items] | ||
IAS 39 carrying amount at 31 Dec 2017 | 92,930,000 | |
Carrying amount post reclassifi-cation | 92,930,000 | |
IFRS 9 re-measurement including expected credit losses | 0 | |
IFRS 9 carrying amount at 1 Jan 2018 | 92,930,000 | |
HSBC Holdings | Deferred tax assets | ||
Disclosure Of Financial Assets At Date Of Initial Application Of IFRS 9 [Line Items] | ||
IAS 39 carrying amount at 31 Dec 2017 | 555,000 | |
Carrying amount post reclassifi-cation | 555,000 | |
IFRS 9 re-measurement including expected credit losses | (175,000) | |
IFRS 9 carrying amount at 1 Jan 2018 | $ 380,000 | |
HSBC Holdings | Other changes in classification | ||
Disclosure Of Financial Assets At Date Of Initial Application Of IFRS 9 [Line Items] | ||
IFRS 9 reclassifications and other changes in classification | 0 | |
HSBC Holdings | Other changes in classification | Financial assets designated and otherwise mandatorily measured at fair value through profit or loss | ||
Disclosure Of Financial Assets At Date Of Initial Application Of IFRS 9 [Line Items] | ||
IFRS 9 reclassifications and other changes in classification | 0 | |
HSBC Holdings | Other changes in classification | Held to maturity | ||
Disclosure Of Financial Assets At Date Of Initial Application Of IFRS 9 [Line Items] | ||
IFRS 9 reclassifications and other changes in classification | 0 | |
HSBC Holdings | Other changes in classification | Cash and balances with HSBC undertakings | ||
Disclosure Of Financial Assets At Date Of Initial Application Of IFRS 9 [Line Items] | ||
IFRS 9 reclassifications and other changes in classification | 0 | |
HSBC Holdings | Other changes in classification | Derivatives | ||
Disclosure Of Financial Assets At Date Of Initial Application Of IFRS 9 [Line Items] | ||
IFRS 9 reclassifications and other changes in classification | 0 | |
HSBC Holdings | Other changes in classification | Loans and advances to banks | ||
Disclosure Of Financial Assets At Date Of Initial Application Of IFRS 9 [Line Items] | ||
IFRS 9 reclassifications and other changes in classification | 0 | |
HSBC Holdings | Other changes in classification | Debt instruments | Financial investments: available for sale | ||
Disclosure Of Financial Assets At Date Of Initial Application Of IFRS 9 [Line Items] | ||
IFRS 9 reclassifications and other changes in classification | 0 | |
HSBC Holdings | Other changes in classification | Equity securities | Financial investments: available for sale | ||
Disclosure Of Financial Assets At Date Of Initial Application Of IFRS 9 [Line Items] | ||
IFRS 9 reclassifications and other changes in classification | 0 | |
HSBC Holdings | Other changes in classification | Prepayments, accrued income and other assets | ||
Disclosure Of Financial Assets At Date Of Initial Application Of IFRS 9 [Line Items] | ||
IFRS 9 reclassifications and other changes in classification | 0 | |
HSBC Holdings | Other changes in classification | Current tax assets | ||
Disclosure Of Financial Assets At Date Of Initial Application Of IFRS 9 [Line Items] | ||
IFRS 9 reclassifications and other changes in classification | 0 | |
HSBC Holdings | Other changes in classification | Investment in subsidiaries | ||
Disclosure Of Financial Assets At Date Of Initial Application Of IFRS 9 [Line Items] | ||
IFRS 9 reclassifications and other changes in classification | 0 | |
HSBC Holdings | Other changes in classification | Deferred tax assets | ||
Disclosure Of Financial Assets At Date Of Initial Application Of IFRS 9 [Line Items] | ||
IFRS 9 reclassifications and other changes in classification | 0 | |
HSBC Holdings | Fair value through profit and loss | ||
Disclosure Of Financial Assets At Date Of Initial Application Of IFRS 9 [Line Items] | ||
IFRS 9 reclassifications and other changes in classification | 0 | |
HSBC Holdings | Fair value through profit and loss | Financial assets designated and otherwise mandatorily measured at fair value through profit or loss | ||
Disclosure Of Financial Assets At Date Of Initial Application Of IFRS 9 [Line Items] | ||
IFRS 9 reclassifications and other changes in classification | 4,264,000 | |
HSBC Holdings | Fair value through profit and loss | Held to maturity | ||
Disclosure Of Financial Assets At Date Of Initial Application Of IFRS 9 [Line Items] | ||
IFRS 9 reclassifications and other changes in classification | 0 | |
HSBC Holdings | Fair value through profit and loss | Cash and balances with HSBC undertakings | ||
Disclosure Of Financial Assets At Date Of Initial Application Of IFRS 9 [Line Items] | ||
IFRS 9 reclassifications and other changes in classification | 0 | |
HSBC Holdings | Fair value through profit and loss | Derivatives | ||
Disclosure Of Financial Assets At Date Of Initial Application Of IFRS 9 [Line Items] | ||
IFRS 9 reclassifications and other changes in classification | 0 | |
HSBC Holdings | Fair value through profit and loss | Loans and advances to banks | ||
Disclosure Of Financial Assets At Date Of Initial Application Of IFRS 9 [Line Items] | ||
IFRS 9 reclassifications and other changes in classification | 0 | |
HSBC Holdings | Fair value through profit and loss | Debt instruments | Financial investments: available for sale | ||
Disclosure Of Financial Assets At Date Of Initial Application Of IFRS 9 [Line Items] | ||
IFRS 9 reclassifications and other changes in classification | (4,264,000) | |
HSBC Holdings | Fair value through profit and loss | Equity securities | Financial investments: available for sale | ||
Disclosure Of Financial Assets At Date Of Initial Application Of IFRS 9 [Line Items] | ||
IFRS 9 reclassifications and other changes in classification | 0 | |
HSBC Holdings | Fair value through profit and loss | Prepayments, accrued income and other assets | ||
Disclosure Of Financial Assets At Date Of Initial Application Of IFRS 9 [Line Items] | ||
IFRS 9 reclassifications and other changes in classification | 0 | |
HSBC Holdings | Fair value through profit and loss | Current tax assets | ||
Disclosure Of Financial Assets At Date Of Initial Application Of IFRS 9 [Line Items] | ||
IFRS 9 reclassifications and other changes in classification | 0 | |
HSBC Holdings | Fair value through profit and loss | Investment in subsidiaries | ||
Disclosure Of Financial Assets At Date Of Initial Application Of IFRS 9 [Line Items] | ||
IFRS 9 reclassifications and other changes in classification | 0 | |
HSBC Holdings | Fair value through profit and loss | Deferred tax assets | ||
Disclosure Of Financial Assets At Date Of Initial Application Of IFRS 9 [Line Items] | ||
IFRS 9 reclassifications and other changes in classification | 0 | |
HSBC Holdings | Fair value through other comprehensive income | ||
Disclosure Of Financial Assets At Date Of Initial Application Of IFRS 9 [Line Items] | ||
IFRS 9 reclassifications and other changes in classification | 0 | |
HSBC Holdings | Fair value through other comprehensive income | Financial assets designated and otherwise mandatorily measured at fair value through profit or loss | ||
Disclosure Of Financial Assets At Date Of Initial Application Of IFRS 9 [Line Items] | ||
IFRS 9 reclassifications and other changes in classification | 0 | |
HSBC Holdings | Fair value through other comprehensive income | Held to maturity | ||
Disclosure Of Financial Assets At Date Of Initial Application Of IFRS 9 [Line Items] | ||
IFRS 9 reclassifications and other changes in classification | 0 | |
HSBC Holdings | Fair value through other comprehensive income | Cash and balances with HSBC undertakings | ||
Disclosure Of Financial Assets At Date Of Initial Application Of IFRS 9 [Line Items] | ||
IFRS 9 reclassifications and other changes in classification | 0 | |
HSBC Holdings | Fair value through other comprehensive income | Derivatives | ||
Disclosure Of Financial Assets At Date Of Initial Application Of IFRS 9 [Line Items] | ||
IFRS 9 reclassifications and other changes in classification | 0 | |
HSBC Holdings | Fair value through other comprehensive income | Loans and advances to banks | ||
Disclosure Of Financial Assets At Date Of Initial Application Of IFRS 9 [Line Items] | ||
IFRS 9 reclassifications and other changes in classification | 0 | |
HSBC Holdings | Fair value through other comprehensive income | Debt instruments | Financial investments: available for sale | ||
Disclosure Of Financial Assets At Date Of Initial Application Of IFRS 9 [Line Items] | ||
IFRS 9 reclassifications and other changes in classification | 0 | |
HSBC Holdings | Fair value through other comprehensive income | Equity securities | Financial investments: available for sale | ||
Disclosure Of Financial Assets At Date Of Initial Application Of IFRS 9 [Line Items] | ||
IFRS 9 reclassifications and other changes in classification | 0 | |
HSBC Holdings | Fair value through other comprehensive income | Prepayments, accrued income and other assets | ||
Disclosure Of Financial Assets At Date Of Initial Application Of IFRS 9 [Line Items] | ||
IFRS 9 reclassifications and other changes in classification | 0 | |
HSBC Holdings | Fair value through other comprehensive income | Current tax assets | ||
Disclosure Of Financial Assets At Date Of Initial Application Of IFRS 9 [Line Items] | ||
IFRS 9 reclassifications and other changes in classification | 0 | |
HSBC Holdings | Fair value through other comprehensive income | Investment in subsidiaries | ||
Disclosure Of Financial Assets At Date Of Initial Application Of IFRS 9 [Line Items] | ||
IFRS 9 reclassifications and other changes in classification | 0 | |
HSBC Holdings | Fair value through other comprehensive income | Deferred tax assets | ||
Disclosure Of Financial Assets At Date Of Initial Application Of IFRS 9 [Line Items] | ||
IFRS 9 reclassifications and other changes in classification | 0 | |
HSBC Holdings | Amortised cost | ||
Disclosure Of Financial Assets At Date Of Initial Application Of IFRS 9 [Line Items] | ||
IFRS 9 reclassifications and other changes in classification | 0 | |
HSBC Holdings | Amortised cost | Financial assets designated and otherwise mandatorily measured at fair value through profit or loss | ||
Disclosure Of Financial Assets At Date Of Initial Application Of IFRS 9 [Line Items] | ||
IFRS 9 reclassifications and other changes in classification | 0 | |
HSBC Holdings | Amortised cost | Held to maturity | ||
Disclosure Of Financial Assets At Date Of Initial Application Of IFRS 9 [Line Items] | ||
IFRS 9 reclassifications and other changes in classification | 0 | |
HSBC Holdings | Amortised cost | Cash and balances with HSBC undertakings | ||
Disclosure Of Financial Assets At Date Of Initial Application Of IFRS 9 [Line Items] | ||
IFRS 9 reclassifications and other changes in classification | 0 | |
HSBC Holdings | Amortised cost | Derivatives | ||
Disclosure Of Financial Assets At Date Of Initial Application Of IFRS 9 [Line Items] | ||
IFRS 9 reclassifications and other changes in classification | 0 | |
HSBC Holdings | Amortised cost | Loans and advances to banks | ||
Disclosure Of Financial Assets At Date Of Initial Application Of IFRS 9 [Line Items] | ||
IFRS 9 reclassifications and other changes in classification | 0 | |
HSBC Holdings | Amortised cost | Debt instruments | Financial investments: available for sale | ||
Disclosure Of Financial Assets At Date Of Initial Application Of IFRS 9 [Line Items] | ||
IFRS 9 reclassifications and other changes in classification | 0 | |
HSBC Holdings | Amortised cost | Equity securities | Financial investments: available for sale | ||
Disclosure Of Financial Assets At Date Of Initial Application Of IFRS 9 [Line Items] | ||
IFRS 9 reclassifications and other changes in classification | 0 | |
HSBC Holdings | Amortised cost | Prepayments, accrued income and other assets | ||
Disclosure Of Financial Assets At Date Of Initial Application Of IFRS 9 [Line Items] | ||
IFRS 9 reclassifications and other changes in classification | 0 | |
HSBC Holdings | Amortised cost | Current tax assets | ||
Disclosure Of Financial Assets At Date Of Initial Application Of IFRS 9 [Line Items] | ||
IFRS 9 reclassifications and other changes in classification | 0 | |
HSBC Holdings | Amortised cost | Investment in subsidiaries | ||
Disclosure Of Financial Assets At Date Of Initial Application Of IFRS 9 [Line Items] | ||
IFRS 9 reclassifications and other changes in classification | 0 | |
HSBC Holdings | Amortised cost | Deferred tax assets | ||
Disclosure Of Financial Assets At Date Of Initial Application Of IFRS 9 [Line Items] | ||
IFRS 9 reclassifications and other changes in classification | $ 0 |
Effects of reclassification u_4
Effects of reclassification upon adoption of IFRS 9 - Effect of reclassification of financial liabilities upon adoption of IFRS 9 (Details) - USD ($) $ in Millions | Jan. 01, 2018 | Dec. 31, 2017 |
Disclosure Of Financial Liabilities At Date Of Initial Application Of IFRS 9 [Line Items] | ||
IAS 39 carrying amount at 31 Dec 2017 | $ 2,323,900 | |
Carrying amount post reclassification | 2,323,900 | |
IFRS 9 remeasurement including expected credit losses | (1,694) | |
IFRS 9 carrying amount at 1 Jan 2018 | $ 2,322,206 | |
Other changes in classification | ||
Disclosure Of Financial Liabilities At Date Of Initial Application Of IFRS 9 [Line Items] | ||
IFRS 9 reclassifications and other changes in classifications | 0 | |
Fair value through profit and loss | ||
Disclosure Of Financial Liabilities At Date Of Initial Application Of IFRS 9 [Line Items] | ||
IFRS 9 reclassifications and other changes in classifications | 0 | |
Fair value through other comprehensive income | ||
Disclosure Of Financial Liabilities At Date Of Initial Application Of IFRS 9 [Line Items] | ||
IFRS 9 reclassifications and other changes in classifications | 0 | |
Amortised cost | ||
Disclosure Of Financial Liabilities At Date Of Initial Application Of IFRS 9 [Line Items] | ||
IFRS 9 reclassifications and other changes in classifications | 0 | |
Trading liabilities | ||
Disclosure Of Financial Liabilities At Date Of Initial Application Of IFRS 9 [Line Items] | ||
IAS 39 carrying amount at 31 Dec 2017 | 184,361 | |
Carrying amount post reclassification | 80,864 | |
IFRS 9 remeasurement including expected credit losses | 0 | |
IFRS 9 carrying amount at 1 Jan 2018 | 80,864 | |
Trading liabilities | Other changes in classification | ||
Disclosure Of Financial Liabilities At Date Of Initial Application Of IFRS 9 [Line Items] | ||
IFRS 9 reclassifications and other changes in classifications | (103,497) | |
Trading liabilities | Fair value through profit and loss | ||
Disclosure Of Financial Liabilities At Date Of Initial Application Of IFRS 9 [Line Items] | ||
IFRS 9 reclassifications and other changes in classifications | 0 | |
Trading liabilities | Fair value through other comprehensive income | ||
Disclosure Of Financial Liabilities At Date Of Initial Application Of IFRS 9 [Line Items] | ||
IFRS 9 reclassifications and other changes in classifications | 0 | |
Trading liabilities | Amortised cost | ||
Disclosure Of Financial Liabilities At Date Of Initial Application Of IFRS 9 [Line Items] | ||
IFRS 9 reclassifications and other changes in classifications | 0 | |
Financial liabilities designated at fair value | ||
Disclosure Of Financial Liabilities At Date Of Initial Application Of IFRS 9 [Line Items] | ||
IAS 39 carrying amount at 31 Dec 2017 | 94,429 | |
Carrying amount post reclassification | 143,997 | |
IFRS 9 remeasurement including expected credit losses | 9 | |
IFRS 9 carrying amount at 1 Jan 2018 | 144,006 | |
Financial liabilities designated at fair value | Other changes in classification | ||
Disclosure Of Financial Liabilities At Date Of Initial Application Of IFRS 9 [Line Items] | ||
IFRS 9 reclassifications and other changes in classifications | 59,267 | |
Financial liabilities designated at fair value | Fair value through profit and loss | ||
Disclosure Of Financial Liabilities At Date Of Initial Application Of IFRS 9 [Line Items] | ||
IFRS 9 reclassifications and other changes in classifications | 0 | |
Financial liabilities designated at fair value | Fair value through other comprehensive income | ||
Disclosure Of Financial Liabilities At Date Of Initial Application Of IFRS 9 [Line Items] | ||
IFRS 9 reclassifications and other changes in classifications | 0 | |
Financial liabilities designated at fair value | Amortised cost | ||
Disclosure Of Financial Liabilities At Date Of Initial Application Of IFRS 9 [Line Items] | ||
IFRS 9 reclassifications and other changes in classifications | (9,699) | |
Hong Kong currency notes in circulation | ||
Disclosure Of Financial Liabilities At Date Of Initial Application Of IFRS 9 [Line Items] | ||
IAS 39 carrying amount at 31 Dec 2017 | 34,186 | |
Carrying amount post reclassification | 34,186 | |
IFRS 9 remeasurement including expected credit losses | 0 | |
IFRS 9 carrying amount at 1 Jan 2018 | 34,186 | |
Hong Kong currency notes in circulation | Other changes in classification | ||
Disclosure Of Financial Liabilities At Date Of Initial Application Of IFRS 9 [Line Items] | ||
IFRS 9 reclassifications and other changes in classifications | 0 | |
Hong Kong currency notes in circulation | Fair value through profit and loss | ||
Disclosure Of Financial Liabilities At Date Of Initial Application Of IFRS 9 [Line Items] | ||
IFRS 9 reclassifications and other changes in classifications | 0 | |
Hong Kong currency notes in circulation | Fair value through other comprehensive income | ||
Disclosure Of Financial Liabilities At Date Of Initial Application Of IFRS 9 [Line Items] | ||
IFRS 9 reclassifications and other changes in classifications | 0 | |
Hong Kong currency notes in circulation | Amortised cost | ||
Disclosure Of Financial Liabilities At Date Of Initial Application Of IFRS 9 [Line Items] | ||
IFRS 9 reclassifications and other changes in classifications | 0 | |
Deposits by banks | ||
Disclosure Of Financial Liabilities At Date Of Initial Application Of IFRS 9 [Line Items] | ||
IAS 39 carrying amount at 31 Dec 2017 | 69,922 | |
Carrying amount post reclassification | 64,492 | |
IFRS 9 remeasurement including expected credit losses | 0 | |
IFRS 9 carrying amount at 1 Jan 2018 | 64,492 | |
Deposits by banks | Other changes in classification | ||
Disclosure Of Financial Liabilities At Date Of Initial Application Of IFRS 9 [Line Items] | ||
IFRS 9 reclassifications and other changes in classifications | (5,430) | |
Deposits by banks | Fair value through profit and loss | ||
Disclosure Of Financial Liabilities At Date Of Initial Application Of IFRS 9 [Line Items] | ||
IFRS 9 reclassifications and other changes in classifications | 0 | |
Deposits by banks | Fair value through other comprehensive income | ||
Disclosure Of Financial Liabilities At Date Of Initial Application Of IFRS 9 [Line Items] | ||
IFRS 9 reclassifications and other changes in classifications | 0 | |
Deposits by banks | Amortised cost | ||
Disclosure Of Financial Liabilities At Date Of Initial Application Of IFRS 9 [Line Items] | ||
IFRS 9 reclassifications and other changes in classifications | 0 | |
Customer accounts | ||
Disclosure Of Financial Liabilities At Date Of Initial Application Of IFRS 9 [Line Items] | ||
IAS 39 carrying amount at 31 Dec 2017 | 1,364,462 | |
Carrying amount post reclassification | 1,360,227 | |
IFRS 9 remeasurement including expected credit losses | 0 | |
IFRS 9 carrying amount at 1 Jan 2018 | 1,360,227 | |
Customer accounts | Other changes in classification | ||
Disclosure Of Financial Liabilities At Date Of Initial Application Of IFRS 9 [Line Items] | ||
IFRS 9 reclassifications and other changes in classifications | (4,235) | |
Customer accounts | Fair value through profit and loss | ||
Disclosure Of Financial Liabilities At Date Of Initial Application Of IFRS 9 [Line Items] | ||
IFRS 9 reclassifications and other changes in classifications | 0 | |
Customer accounts | Fair value through other comprehensive income | ||
Disclosure Of Financial Liabilities At Date Of Initial Application Of IFRS 9 [Line Items] | ||
IFRS 9 reclassifications and other changes in classifications | 0 | |
Customer accounts | Amortised cost | ||
Disclosure Of Financial Liabilities At Date Of Initial Application Of IFRS 9 [Line Items] | ||
IFRS 9 reclassifications and other changes in classifications | 0 | |
Repurchase agreements – non-trading | ||
Disclosure Of Financial Liabilities At Date Of Initial Application Of IFRS 9 [Line Items] | ||
IAS 39 carrying amount at 31 Dec 2017 | 130,002 | |
Carrying amount post reclassification | 130,002 | |
IFRS 9 remeasurement including expected credit losses | 0 | |
IFRS 9 carrying amount at 1 Jan 2018 | 130,002 | |
Repurchase agreements – non-trading | Other changes in classification | ||
Disclosure Of Financial Liabilities At Date Of Initial Application Of IFRS 9 [Line Items] | ||
IFRS 9 reclassifications and other changes in classifications | 0 | |
Repurchase agreements – non-trading | Fair value through profit and loss | ||
Disclosure Of Financial Liabilities At Date Of Initial Application Of IFRS 9 [Line Items] | ||
IFRS 9 reclassifications and other changes in classifications | 0 | |
Repurchase agreements – non-trading | Fair value through other comprehensive income | ||
Disclosure Of Financial Liabilities At Date Of Initial Application Of IFRS 9 [Line Items] | ||
IFRS 9 reclassifications and other changes in classifications | 0 | |
Repurchase agreements – non-trading | Amortised cost | ||
Disclosure Of Financial Liabilities At Date Of Initial Application Of IFRS 9 [Line Items] | ||
IFRS 9 reclassifications and other changes in classifications | 0 | |
Items in the course of transmission to other banks | ||
Disclosure Of Financial Liabilities At Date Of Initial Application Of IFRS 9 [Line Items] | ||
IAS 39 carrying amount at 31 Dec 2017 | 6,850 | |
Carrying amount post reclassification | 6,850 | |
IFRS 9 remeasurement including expected credit losses | 0 | |
IFRS 9 carrying amount at 1 Jan 2018 | 6,850 | |
Items in the course of transmission to other banks | Other changes in classification | ||
Disclosure Of Financial Liabilities At Date Of Initial Application Of IFRS 9 [Line Items] | ||
IFRS 9 reclassifications and other changes in classifications | 0 | |
Items in the course of transmission to other banks | Fair value through profit and loss | ||
Disclosure Of Financial Liabilities At Date Of Initial Application Of IFRS 9 [Line Items] | ||
IFRS 9 reclassifications and other changes in classifications | 0 | |
Items in the course of transmission to other banks | Fair value through other comprehensive income | ||
Disclosure Of Financial Liabilities At Date Of Initial Application Of IFRS 9 [Line Items] | ||
IFRS 9 reclassifications and other changes in classifications | 0 | |
Items in the course of transmission to other banks | Amortised cost | ||
Disclosure Of Financial Liabilities At Date Of Initial Application Of IFRS 9 [Line Items] | ||
IFRS 9 reclassifications and other changes in classifications | 0 | |
Derivatives | ||
Disclosure Of Financial Liabilities At Date Of Initial Application Of IFRS 9 [Line Items] | ||
IAS 39 carrying amount at 31 Dec 2017 | 216,821 | |
Carrying amount post reclassification | 216,821 | |
IFRS 9 remeasurement including expected credit losses | 0 | |
IFRS 9 carrying amount at 1 Jan 2018 | 216,821 | |
Derivatives | Other changes in classification | ||
Disclosure Of Financial Liabilities At Date Of Initial Application Of IFRS 9 [Line Items] | ||
IFRS 9 reclassifications and other changes in classifications | 0 | |
Derivatives | Fair value through profit and loss | ||
Disclosure Of Financial Liabilities At Date Of Initial Application Of IFRS 9 [Line Items] | ||
IFRS 9 reclassifications and other changes in classifications | 0 | |
Derivatives | Fair value through other comprehensive income | ||
Disclosure Of Financial Liabilities At Date Of Initial Application Of IFRS 9 [Line Items] | ||
IFRS 9 reclassifications and other changes in classifications | 0 | |
Derivatives | Amortised cost | ||
Disclosure Of Financial Liabilities At Date Of Initial Application Of IFRS 9 [Line Items] | ||
IFRS 9 reclassifications and other changes in classifications | 0 | |
Debt securities in issue | ||
Disclosure Of Financial Liabilities At Date Of Initial Application Of IFRS 9 [Line Items] | ||
IAS 39 carrying amount at 31 Dec 2017 | 64,546 | |
Carrying amount post reclassification | 66,641 | |
IFRS 9 remeasurement including expected credit losses | (105) | |
IFRS 9 carrying amount at 1 Jan 2018 | 66,536 | |
Debt securities in issue | Other changes in classification | ||
Disclosure Of Financial Liabilities At Date Of Initial Application Of IFRS 9 [Line Items] | ||
IFRS 9 reclassifications and other changes in classifications | 0 | |
Debt securities in issue | Fair value through profit and loss | ||
Disclosure Of Financial Liabilities At Date Of Initial Application Of IFRS 9 [Line Items] | ||
IFRS 9 reclassifications and other changes in classifications | 0 | |
Debt securities in issue | Fair value through other comprehensive income | ||
Disclosure Of Financial Liabilities At Date Of Initial Application Of IFRS 9 [Line Items] | ||
IFRS 9 reclassifications and other changes in classifications | 0 | |
Debt securities in issue | Amortised cost | ||
Disclosure Of Financial Liabilities At Date Of Initial Application Of IFRS 9 [Line Items] | ||
IFRS 9 reclassifications and other changes in classifications | 2,095 | |
Accruals, deferred income and other liabilities | ||
Disclosure Of Financial Liabilities At Date Of Initial Application Of IFRS 9 [Line Items] | ||
IAS 39 carrying amount at 31 Dec 2017 | 45,907 | |
Carrying amount post reclassification | 99,926 | |
IFRS 9 remeasurement including expected credit losses | 0 | |
IFRS 9 carrying amount at 1 Jan 2018 | 99,926 | |
Accruals, deferred income and other liabilities | Other changes in classification | ||
Disclosure Of Financial Liabilities At Date Of Initial Application Of IFRS 9 [Line Items] | ||
IFRS 9 reclassifications and other changes in classifications | 53,895 | |
Accruals, deferred income and other liabilities | Fair value through profit and loss | ||
Disclosure Of Financial Liabilities At Date Of Initial Application Of IFRS 9 [Line Items] | ||
IFRS 9 reclassifications and other changes in classifications | 0 | |
Accruals, deferred income and other liabilities | Fair value through other comprehensive income | ||
Disclosure Of Financial Liabilities At Date Of Initial Application Of IFRS 9 [Line Items] | ||
IFRS 9 reclassifications and other changes in classifications | 0 | |
Accruals, deferred income and other liabilities | Amortised cost | ||
Disclosure Of Financial Liabilities At Date Of Initial Application Of IFRS 9 [Line Items] | ||
IFRS 9 reclassifications and other changes in classifications | 124 | |
Current tax liabilities | ||
Disclosure Of Financial Liabilities At Date Of Initial Application Of IFRS 9 [Line Items] | ||
IAS 39 carrying amount at 31 Dec 2017 | 928 | |
Carrying amount post reclassification | 928 | |
IFRS 9 remeasurement including expected credit losses | 0 | |
IFRS 9 carrying amount at 1 Jan 2018 | 928 | |
Current tax liabilities | Other changes in classification | ||
Disclosure Of Financial Liabilities At Date Of Initial Application Of IFRS 9 [Line Items] | ||
IFRS 9 reclassifications and other changes in classifications | 0 | |
Current tax liabilities | Fair value through profit and loss | ||
Disclosure Of Financial Liabilities At Date Of Initial Application Of IFRS 9 [Line Items] | ||
IFRS 9 reclassifications and other changes in classifications | 0 | |
Current tax liabilities | Fair value through other comprehensive income | ||
Disclosure Of Financial Liabilities At Date Of Initial Application Of IFRS 9 [Line Items] | ||
IFRS 9 reclassifications and other changes in classifications | 0 | |
Current tax liabilities | Amortised cost | ||
Disclosure Of Financial Liabilities At Date Of Initial Application Of IFRS 9 [Line Items] | ||
IFRS 9 reclassifications and other changes in classifications | 0 | |
Liabilities under insurance contracts | ||
Disclosure Of Financial Liabilities At Date Of Initial Application Of IFRS 9 [Line Items] | ||
IAS 39 carrying amount at 31 Dec 2017 | 85,667 | |
Carrying amount post reclassification | 85,667 | |
IFRS 9 remeasurement including expected credit losses | (69) | |
IFRS 9 carrying amount at 1 Jan 2018 | 85,598 | |
Liabilities under insurance contracts | Other changes in classification | ||
Disclosure Of Financial Liabilities At Date Of Initial Application Of IFRS 9 [Line Items] | ||
IFRS 9 reclassifications and other changes in classifications | 0 | |
Liabilities under insurance contracts | Fair value through profit and loss | ||
Disclosure Of Financial Liabilities At Date Of Initial Application Of IFRS 9 [Line Items] | ||
IFRS 9 reclassifications and other changes in classifications | 0 | |
Liabilities under insurance contracts | Fair value through other comprehensive income | ||
Disclosure Of Financial Liabilities At Date Of Initial Application Of IFRS 9 [Line Items] | ||
IFRS 9 reclassifications and other changes in classifications | 0 | |
Liabilities under insurance contracts | Amortised cost | ||
Disclosure Of Financial Liabilities At Date Of Initial Application Of IFRS 9 [Line Items] | ||
IFRS 9 reclassifications and other changes in classifications | 0 | |
Provisions | ||
Disclosure Of Financial Liabilities At Date Of Initial Application Of IFRS 9 [Line Items] | ||
IAS 39 carrying amount at 31 Dec 2017 | 4,011 | |
Carrying amount post reclassification | 4,011 | |
IFRS 9 remeasurement including expected credit losses | 284 | |
IFRS 9 carrying amount at 1 Jan 2018 | 4,295 | |
Provisions | Other changes in classification | ||
Disclosure Of Financial Liabilities At Date Of Initial Application Of IFRS 9 [Line Items] | ||
IFRS 9 reclassifications and other changes in classifications | 0 | |
Provisions | Fair value through profit and loss | ||
Disclosure Of Financial Liabilities At Date Of Initial Application Of IFRS 9 [Line Items] | ||
IFRS 9 reclassifications and other changes in classifications | 0 | |
Provisions | Fair value through other comprehensive income | ||
Disclosure Of Financial Liabilities At Date Of Initial Application Of IFRS 9 [Line Items] | ||
IFRS 9 reclassifications and other changes in classifications | 0 | |
Provisions | Amortised cost | ||
Disclosure Of Financial Liabilities At Date Of Initial Application Of IFRS 9 [Line Items] | ||
IFRS 9 reclassifications and other changes in classifications | 0 | |
Deferred tax liabilities | ||
Disclosure Of Financial Liabilities At Date Of Initial Application Of IFRS 9 [Line Items] | ||
IAS 39 carrying amount at 31 Dec 2017 | 1,982 | |
Carrying amount post reclassification | 1,982 | |
IFRS 9 remeasurement including expected credit losses | (368) | |
IFRS 9 carrying amount at 1 Jan 2018 | 1,614 | |
Deferred tax liabilities | Other changes in classification | ||
Disclosure Of Financial Liabilities At Date Of Initial Application Of IFRS 9 [Line Items] | ||
IFRS 9 reclassifications and other changes in classifications | 0 | |
Deferred tax liabilities | Fair value through profit and loss | ||
Disclosure Of Financial Liabilities At Date Of Initial Application Of IFRS 9 [Line Items] | ||
IFRS 9 reclassifications and other changes in classifications | 0 | |
Deferred tax liabilities | Fair value through other comprehensive income | ||
Disclosure Of Financial Liabilities At Date Of Initial Application Of IFRS 9 [Line Items] | ||
IFRS 9 reclassifications and other changes in classifications | 0 | |
Deferred tax liabilities | Amortised cost | ||
Disclosure Of Financial Liabilities At Date Of Initial Application Of IFRS 9 [Line Items] | ||
IFRS 9 reclassifications and other changes in classifications | 0 | |
Subordinated liabilities | ||
Disclosure Of Financial Liabilities At Date Of Initial Application Of IFRS 9 [Line Items] | ||
IAS 39 carrying amount at 31 Dec 2017 | 19,826 | |
Carrying amount post reclassification | 27,306 | |
IFRS 9 remeasurement including expected credit losses | (1,445) | |
IFRS 9 carrying amount at 1 Jan 2018 | 25,861 | |
Subordinated liabilities | Other changes in classification | ||
Disclosure Of Financial Liabilities At Date Of Initial Application Of IFRS 9 [Line Items] | ||
IFRS 9 reclassifications and other changes in classifications | 0 | |
Subordinated liabilities | Fair value through profit and loss | ||
Disclosure Of Financial Liabilities At Date Of Initial Application Of IFRS 9 [Line Items] | ||
IFRS 9 reclassifications and other changes in classifications | 0 | |
Subordinated liabilities | Fair value through other comprehensive income | ||
Disclosure Of Financial Liabilities At Date Of Initial Application Of IFRS 9 [Line Items] | ||
IFRS 9 reclassifications and other changes in classifications | 0 | |
Subordinated liabilities | Amortised cost | ||
Disclosure Of Financial Liabilities At Date Of Initial Application Of IFRS 9 [Line Items] | ||
IFRS 9 reclassifications and other changes in classifications | 7,480 | |
HSBC Holdings | ||
Disclosure Of Financial Liabilities At Date Of Initial Application Of IFRS 9 [Line Items] | ||
IAS 39 carrying amount at 31 Dec 2017 | 87,947 | |
Carrying amount post reclassification | 87,947 | |
IFRS 9 remeasurement including expected credit losses | (1,065) | |
IFRS 9 carrying amount at 1 Jan 2018 | 86,882 | |
HSBC Holdings | Other changes in classification | ||
Disclosure Of Financial Liabilities At Date Of Initial Application Of IFRS 9 [Line Items] | ||
IFRS 9 reclassifications and other changes in classifications | 0 | |
HSBC Holdings | Fair value through profit and loss | ||
Disclosure Of Financial Liabilities At Date Of Initial Application Of IFRS 9 [Line Items] | ||
IFRS 9 reclassifications and other changes in classifications | 0 | |
HSBC Holdings | Fair value through other comprehensive income | ||
Disclosure Of Financial Liabilities At Date Of Initial Application Of IFRS 9 [Line Items] | ||
IFRS 9 reclassifications and other changes in classifications | 0 | |
HSBC Holdings | Amortised cost | ||
Disclosure Of Financial Liabilities At Date Of Initial Application Of IFRS 9 [Line Items] | ||
IFRS 9 reclassifications and other changes in classifications | 0 | |
HSBC Holdings | Financial liabilities designated at fair value | ||
Disclosure Of Financial Liabilities At Date Of Initial Application Of IFRS 9 [Line Items] | ||
IAS 39 carrying amount at 31 Dec 2017 | 30,890 | |
Carrying amount post reclassification | 25,488 | |
IFRS 9 remeasurement including expected credit losses | 0 | |
IFRS 9 carrying amount at 1 Jan 2018 | 25,488 | |
HSBC Holdings | Financial liabilities designated at fair value | Other changes in classification | ||
Disclosure Of Financial Liabilities At Date Of Initial Application Of IFRS 9 [Line Items] | ||
IFRS 9 reclassifications and other changes in classifications | 0 | |
HSBC Holdings | Financial liabilities designated at fair value | Fair value through profit and loss | ||
Disclosure Of Financial Liabilities At Date Of Initial Application Of IFRS 9 [Line Items] | ||
IFRS 9 reclassifications and other changes in classifications | 0 | |
HSBC Holdings | Financial liabilities designated at fair value | Fair value through other comprehensive income | ||
Disclosure Of Financial Liabilities At Date Of Initial Application Of IFRS 9 [Line Items] | ||
IFRS 9 reclassifications and other changes in classifications | 0 | |
HSBC Holdings | Financial liabilities designated at fair value | Amortised cost | ||
Disclosure Of Financial Liabilities At Date Of Initial Application Of IFRS 9 [Line Items] | ||
IFRS 9 reclassifications and other changes in classifications | (5,402) | |
HSBC Holdings | Amount owed to HSBC undertakings | ||
Disclosure Of Financial Liabilities At Date Of Initial Application Of IFRS 9 [Line Items] | ||
IAS 39 carrying amount at 31 Dec 2017 | 2,571 | |
Carrying amount post reclassification | 2,571 | |
IFRS 9 remeasurement including expected credit losses | 0 | |
IFRS 9 carrying amount at 1 Jan 2018 | 2,571 | |
HSBC Holdings | Amount owed to HSBC undertakings | Other changes in classification | ||
Disclosure Of Financial Liabilities At Date Of Initial Application Of IFRS 9 [Line Items] | ||
IFRS 9 reclassifications and other changes in classifications | 0 | |
HSBC Holdings | Amount owed to HSBC undertakings | Fair value through profit and loss | ||
Disclosure Of Financial Liabilities At Date Of Initial Application Of IFRS 9 [Line Items] | ||
IFRS 9 reclassifications and other changes in classifications | 0 | |
HSBC Holdings | Amount owed to HSBC undertakings | Fair value through other comprehensive income | ||
Disclosure Of Financial Liabilities At Date Of Initial Application Of IFRS 9 [Line Items] | ||
IFRS 9 reclassifications and other changes in classifications | 0 | |
HSBC Holdings | Amount owed to HSBC undertakings | Amortised cost | ||
Disclosure Of Financial Liabilities At Date Of Initial Application Of IFRS 9 [Line Items] | ||
IFRS 9 reclassifications and other changes in classifications | 0 | |
HSBC Holdings | Derivatives | ||
Disclosure Of Financial Liabilities At Date Of Initial Application Of IFRS 9 [Line Items] | ||
IAS 39 carrying amount at 31 Dec 2017 | 3,082 | |
Carrying amount post reclassification | 3,082 | |
IFRS 9 remeasurement including expected credit losses | 0 | |
IFRS 9 carrying amount at 1 Jan 2018 | 3,082 | |
HSBC Holdings | Derivatives | Other changes in classification | ||
Disclosure Of Financial Liabilities At Date Of Initial Application Of IFRS 9 [Line Items] | ||
IFRS 9 reclassifications and other changes in classifications | 0 | |
HSBC Holdings | Derivatives | Fair value through profit and loss | ||
Disclosure Of Financial Liabilities At Date Of Initial Application Of IFRS 9 [Line Items] | ||
IFRS 9 reclassifications and other changes in classifications | 0 | |
HSBC Holdings | Derivatives | Fair value through other comprehensive income | ||
Disclosure Of Financial Liabilities At Date Of Initial Application Of IFRS 9 [Line Items] | ||
IFRS 9 reclassifications and other changes in classifications | 0 | |
HSBC Holdings | Derivatives | Amortised cost | ||
Disclosure Of Financial Liabilities At Date Of Initial Application Of IFRS 9 [Line Items] | ||
IFRS 9 reclassifications and other changes in classifications | 0 | |
HSBC Holdings | Debt securities in issue | ||
Disclosure Of Financial Liabilities At Date Of Initial Application Of IFRS 9 [Line Items] | ||
IAS 39 carrying amount at 31 Dec 2017 | 34,258 | |
Carrying amount post reclassification | 34,258 | |
IFRS 9 remeasurement including expected credit losses | 0 | |
IFRS 9 carrying amount at 1 Jan 2018 | 34,258 | |
HSBC Holdings | Debt securities in issue | Other changes in classification | ||
Disclosure Of Financial Liabilities At Date Of Initial Application Of IFRS 9 [Line Items] | ||
IFRS 9 reclassifications and other changes in classifications | 0 | |
HSBC Holdings | Debt securities in issue | Fair value through profit and loss | ||
Disclosure Of Financial Liabilities At Date Of Initial Application Of IFRS 9 [Line Items] | ||
IFRS 9 reclassifications and other changes in classifications | 0 | |
HSBC Holdings | Debt securities in issue | Fair value through other comprehensive income | ||
Disclosure Of Financial Liabilities At Date Of Initial Application Of IFRS 9 [Line Items] | ||
IFRS 9 reclassifications and other changes in classifications | 0 | |
HSBC Holdings | Debt securities in issue | Amortised cost | ||
Disclosure Of Financial Liabilities At Date Of Initial Application Of IFRS 9 [Line Items] | ||
IFRS 9 reclassifications and other changes in classifications | 0 | |
HSBC Holdings | Accruals, deferred income and other liabilities | ||
Disclosure Of Financial Liabilities At Date Of Initial Application Of IFRS 9 [Line Items] | ||
IAS 39 carrying amount at 31 Dec 2017 | 1,269 | |
Carrying amount post reclassification | 1,344 | |
IFRS 9 remeasurement including expected credit losses | 0 | |
IFRS 9 carrying amount at 1 Jan 2018 | 1,344 | |
HSBC Holdings | Accruals, deferred income and other liabilities | Other changes in classification | ||
Disclosure Of Financial Liabilities At Date Of Initial Application Of IFRS 9 [Line Items] | ||
IFRS 9 reclassifications and other changes in classifications | 0 | |
HSBC Holdings | Accruals, deferred income and other liabilities | Fair value through profit and loss | ||
Disclosure Of Financial Liabilities At Date Of Initial Application Of IFRS 9 [Line Items] | ||
IFRS 9 reclassifications and other changes in classifications | 0 | |
HSBC Holdings | Accruals, deferred income and other liabilities | Fair value through other comprehensive income | ||
Disclosure Of Financial Liabilities At Date Of Initial Application Of IFRS 9 [Line Items] | ||
IFRS 9 reclassifications and other changes in classifications | 0 | |
HSBC Holdings | Accruals, deferred income and other liabilities | Amortised cost | ||
Disclosure Of Financial Liabilities At Date Of Initial Application Of IFRS 9 [Line Items] | ||
IFRS 9 reclassifications and other changes in classifications | 75 | |
HSBC Holdings | Subordinated liabilities | ||
Disclosure Of Financial Liabilities At Date Of Initial Application Of IFRS 9 [Line Items] | ||
IAS 39 carrying amount at 31 Dec 2017 | 15,877 | |
Carrying amount post reclassification | 21,204 | |
IFRS 9 remeasurement including expected credit losses | (1,065) | |
IFRS 9 carrying amount at 1 Jan 2018 | $ 20,139 | |
HSBC Holdings | Subordinated liabilities | Other changes in classification | ||
Disclosure Of Financial Liabilities At Date Of Initial Application Of IFRS 9 [Line Items] | ||
IFRS 9 reclassifications and other changes in classifications | 0 | |
HSBC Holdings | Subordinated liabilities | Fair value through profit and loss | ||
Disclosure Of Financial Liabilities At Date Of Initial Application Of IFRS 9 [Line Items] | ||
IFRS 9 reclassifications and other changes in classifications | 0 | |
HSBC Holdings | Subordinated liabilities | Fair value through other comprehensive income | ||
Disclosure Of Financial Liabilities At Date Of Initial Application Of IFRS 9 [Line Items] | ||
IFRS 9 reclassifications and other changes in classifications | 0 | |
HSBC Holdings | Subordinated liabilities | Amortised cost | ||
Disclosure Of Financial Liabilities At Date Of Initial Application Of IFRS 9 [Line Items] | ||
IFRS 9 reclassifications and other changes in classifications | $ 5,327 |
Effects of reclassification u_5
Effects of reclassification upon adoption of IFRS 9 - Effect of reclassification on equity upon adoption of IFRS 9 (Details) - USD ($) $ in Millions | Jan. 01, 2018 | Dec. 31, 2017 |
Disclosure Of Effects On Equity At Date Of Initial Application Of IFRS 9 [Line Items] | ||
IAS 39 carrying amount at 31 Dec 2017 | $ 197,871 | |
IFRS 9 reclassification | 0 | |
Carrying amount post reclassification | 197,871 | |
IFRS 9 remeasurement including expected credit losses | (1,647) | |
Carrying amount at 1 Jan 2018 | $ 196,224 | |
Total Shareholders Equity | ||
Disclosure Of Effects On Equity At Date Of Initial Application Of IFRS 9 [Line Items] | ||
IAS 39 carrying amount at 31 Dec 2017 | 190,250 | |
IFRS 9 reclassification | 0 | |
Carrying amount post reclassification | 190,250 | |
IFRS 9 remeasurement including expected credit losses | (1,606) | |
Carrying amount at 1 Jan 2018 | 188,644 | |
Called up share capital | ||
Disclosure Of Effects On Equity At Date Of Initial Application Of IFRS 9 [Line Items] | ||
IAS 39 carrying amount at 31 Dec 2017 | 10,160 | |
IFRS 9 reclassification | 0 | |
Carrying amount post reclassification | 10,160 | |
IFRS 9 remeasurement including expected credit losses | 0 | |
Carrying amount at 1 Jan 2018 | 10,160 | |
Share premium account | ||
Disclosure Of Effects On Equity At Date Of Initial Application Of IFRS 9 [Line Items] | ||
IAS 39 carrying amount at 31 Dec 2017 | 10,177 | |
IFRS 9 reclassification | 0 | |
Carrying amount post reclassification | 10,177 | |
IFRS 9 remeasurement including expected credit losses | 0 | |
Carrying amount at 1 Jan 2018 | 10,177 | |
Other equity instruments | ||
Disclosure Of Effects On Equity At Date Of Initial Application Of IFRS 9 [Line Items] | ||
IAS 39 carrying amount at 31 Dec 2017 | 22,250 | |
IFRS 9 reclassification | 0 | |
Carrying amount post reclassification | 22,250 | |
IFRS 9 remeasurement including expected credit losses | 0 | |
Carrying amount at 1 Jan 2018 | 22,250 | |
Other reserves | ||
Disclosure Of Effects On Equity At Date Of Initial Application Of IFRS 9 [Line Items] | ||
IAS 39 carrying amount at 31 Dec 2017 | 7,664 | |
IFRS 9 reclassification | (960) | |
Carrying amount post reclassification | 6,704 | |
IFRS 9 remeasurement including expected credit losses | (61) | |
Carrying amount at 1 Jan 2018 | 6,643 | |
Retained earnings | ||
Disclosure Of Effects On Equity At Date Of Initial Application Of IFRS 9 [Line Items] | ||
IAS 39 carrying amount at 31 Dec 2017 | 139,999 | |
IFRS 9 reclassification | 960 | |
Carrying amount post reclassification | 140,959 | |
IFRS 9 remeasurement including expected credit losses | (1,545) | |
Carrying amount at 1 Jan 2018 | 139,414 | |
Non-controlling interests | ||
Disclosure Of Effects On Equity At Date Of Initial Application Of IFRS 9 [Line Items] | ||
IAS 39 carrying amount at 31 Dec 2017 | 7,621 | |
IFRS 9 reclassification | 0 | |
Carrying amount post reclassification | 7,621 | |
IFRS 9 remeasurement including expected credit losses | (41) | |
Carrying amount at 1 Jan 2018 | 7,580 | |
HSBC Holdings | Total Shareholders Equity | ||
Disclosure Of Effects On Equity At Date Of Initial Application Of IFRS 9 [Line Items] | ||
IAS 39 carrying amount at 31 Dec 2017 | 103,787 | |
IFRS 9 reclassification | 0 | |
Carrying amount post reclassification | 103,787 | |
IFRS 9 remeasurement including expected credit losses | 890 | |
Carrying amount at 1 Jan 2018 | 104,677 | |
HSBC Holdings | Called up share capital | ||
Disclosure Of Effects On Equity At Date Of Initial Application Of IFRS 9 [Line Items] | ||
IAS 39 carrying amount at 31 Dec 2017 | 10,160 | |
IFRS 9 reclassification | 0 | |
Carrying amount post reclassification | 10,160 | |
IFRS 9 remeasurement including expected credit losses | 0 | |
Carrying amount at 1 Jan 2018 | 10,160 | |
HSBC Holdings | Share premium account | ||
Disclosure Of Effects On Equity At Date Of Initial Application Of IFRS 9 [Line Items] | ||
IAS 39 carrying amount at 31 Dec 2017 | 10,177 | |
IFRS 9 reclassification | 0 | |
Carrying amount post reclassification | 10,177 | |
IFRS 9 remeasurement including expected credit losses | 0 | |
Carrying amount at 1 Jan 2018 | 10,177 | |
HSBC Holdings | Other equity instruments | ||
Disclosure Of Effects On Equity At Date Of Initial Application Of IFRS 9 [Line Items] | ||
IAS 39 carrying amount at 31 Dec 2017 | 22,107 | |
IFRS 9 reclassification | 0 | |
Carrying amount post reclassification | 22,107 | |
IFRS 9 remeasurement including expected credit losses | 0 | |
Carrying amount at 1 Jan 2018 | 22,107 | |
HSBC Holdings | Other reserves | ||
Disclosure Of Effects On Equity At Date Of Initial Application Of IFRS 9 [Line Items] | ||
IAS 39 carrying amount at 31 Dec 2017 | 37,440 | |
IFRS 9 reclassification | (59) | |
Carrying amount post reclassification | 37,381 | |
IFRS 9 remeasurement including expected credit losses | 0 | |
Carrying amount at 1 Jan 2018 | 37,381 | |
HSBC Holdings | Retained earnings | ||
Disclosure Of Effects On Equity At Date Of Initial Application Of IFRS 9 [Line Items] | ||
IAS 39 carrying amount at 31 Dec 2017 | 23,903 | |
IFRS 9 reclassification | 59 | |
Carrying amount post reclassification | 23,962 | |
IFRS 9 remeasurement including expected credit losses | $ 890 | |
Carrying amount at 1 Jan 2018 | $ 24,852 |
Effects of reclassification u_6
Effects of reclassification upon adoption of IFRS 9 - Reconciliation of impairment allowance under IAS 39 and provision under IAS 37 to expected credit losses under IFRS 9 (Details) - USD ($) $ in Millions | Dec. 31, 2018 | Jan. 01, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Disclosure Of Credit Losses [Line Items] | |||||
Expected credit losses | $ 9,480 | $ 7,532 | |||
Provisions | $ 2,920 | 4,295 | [1] | 4,011 | $ 4,773 |
Contractual commitments | |||||
Disclosure Of Credit Losses [Line Items] | |||||
Provisions | $ 517 | 537 | 253 | $ 298 | |
Impact on transition to IFRS 9 | 284 | ||||
IFRS 9 | |||||
Disclosure Of Credit Losses [Line Items] | |||||
Expected credit losses | 9,480 | ||||
Impact of new IFRS 9 standard on expected credit losses | 1,948 | ||||
Impact of initial application of new IFRS, impairment allowance | 2,232 | ||||
IFRS 9 | Contractual commitments | |||||
Disclosure Of Credit Losses [Line Items] | |||||
Provisions | $ 537 | ||||
Impact on transition to IFRS 9 | 284 | ||||
IFRS 9 | Cash and balances at central banks | |||||
Disclosure Of Credit Losses [Line Items] | |||||
Impact of new IFRS 9 standard on expected credit losses | 3 | ||||
IFRS 9 | Items in the course of collection from other banks | |||||
Disclosure Of Credit Losses [Line Items] | |||||
Impact of new IFRS 9 standard on expected credit losses | 0 | ||||
IFRS 9 | Hong Kong Government certificates of indebtedness | |||||
Disclosure Of Credit Losses [Line Items] | |||||
Impact of new IFRS 9 standard on expected credit losses | 0 | ||||
IFRS 9 | Loans and advances to banks | |||||
Disclosure Of Credit Losses [Line Items] | |||||
Impact of new IFRS 9 standard on expected credit losses | 23 | ||||
IFRS 9 | Loans and advances to customers | |||||
Disclosure Of Credit Losses [Line Items] | |||||
Impact of new IFRS 9 standard on expected credit losses | 1,859 | ||||
IFRS 9 | Reverse repurchase agreements – non-trading | |||||
Disclosure Of Credit Losses [Line Items] | |||||
Impact of new IFRS 9 standard on expected credit losses | 0 | ||||
IFRS 9 | Prepayments, accrued income and other assets | |||||
Disclosure Of Credit Losses [Line Items] | |||||
Impact of new IFRS 9 standard on expected credit losses | 47 | ||||
IFRS 9 | Held to maturity | |||||
Disclosure Of Credit Losses [Line Items] | |||||
Impact of new IFRS 9 standard on expected credit losses | 16 | ||||
IFRS 9, Reclassification To Fair Value Through Profit And Loss | Loans and advances to customers | |||||
Disclosure Of Credit Losses [Line Items] | |||||
Impact of new IFRS 9 standard on expected credit losses | (31) | ||||
IFRS 9, Reclassification To Amortised Cost | Held to maturity | |||||
Disclosure Of Credit Losses [Line Items] | |||||
Impact of new IFRS 9 standard on expected credit losses | 3 | ||||
IFRS 9, Remeasurement, Stage 3 | Contractual commitments | |||||
Disclosure Of Credit Losses [Line Items] | |||||
Impact on transition to IFRS 9 | 74 | ||||
IFRS 9, Remeasurement, Stage 3 | Loans and advances to banks | |||||
Disclosure Of Credit Losses [Line Items] | |||||
Impact of new IFRS 9 standard on expected credit losses | 1 | ||||
IFRS 9, Remeasurement, Stage 3 | Loans and advances to customers | |||||
Disclosure Of Credit Losses [Line Items] | |||||
Impact of new IFRS 9 standard on expected credit losses | 629 | ||||
IFRS 9, Remeasurement, Stage 1 And 2 | Contractual commitments | |||||
Disclosure Of Credit Losses [Line Items] | |||||
Impact on transition to IFRS 9 | 210 | ||||
IFRS 9, Remeasurement, Stage 1 And 2 | Cash and balances at central banks | |||||
Disclosure Of Credit Losses [Line Items] | |||||
Impact of new IFRS 9 standard on expected credit losses | 3 | ||||
IFRS 9, Remeasurement, Stage 1 And 2 | Loans and advances to banks | |||||
Disclosure Of Credit Losses [Line Items] | |||||
Impact of new IFRS 9 standard on expected credit losses | 22 | ||||
IFRS 9, Remeasurement, Stage 1 And 2 | Loans and advances to customers | |||||
Disclosure Of Credit Losses [Line Items] | |||||
Impact of new IFRS 9 standard on expected credit losses | 1,261 | ||||
IFRS 9, Remeasurement, Stage 1 And 2 | Prepayments, accrued income and other assets | |||||
Disclosure Of Credit Losses [Line Items] | |||||
Impact of new IFRS 9 standard on expected credit losses | 47 | ||||
IFRS 9, Remeasurement, Stage 1 And 2 | Held to maturity | |||||
Disclosure Of Credit Losses [Line Items] | |||||
Impact of new IFRS 9 standard on expected credit losses | $ 13 | ||||
[1] | Balances at 1 January 2018 have been prepared in accordance with accounting policies referred to on page 263. 31 December 2017 balances have not been re-presented. Information regarding the effects of adoption of IFRS 9 can be found in Note 37. |
Effects of reclassification u_7
Effects of reclassification upon adoption of IFRS 9 - Summary (Details) $ in Millions | 12 Months Ended |
Dec. 31, 2018USD ($) | |
Disclosure Of Financial Liabilities At Date Of Initial Application Of IFRS 9 [Line Items] | |
Other financial assets reclassified out of available-for-sale to amortised cost, carrying amount | $ 5,781 |
Other financial assets reclassified out of available-for-sale to amortised cost, fair value | 5,876 |
Fair value gains/(losses) recognised in other comprehensive income, assuming no reclassification, financial assets | (438) |
Debt securities in issue | |
Disclosure Of Financial Liabilities At Date Of Initial Application Of IFRS 9 [Line Items] | |
Financial liabilities reclassified from fair value through profit and loss, carrying amount | 1,939 |
Financial liabilities reclassified from fair value through profit and loss, fair value | 1,823 |
Fair value gains/(losses) recognised in profit or loss, assuming no reclassification | 60 |
Fair value gains/(losses) recognised in other comprehensive income, assuming no reclassification, financial liabilities | 237 |
Interest revenue/(expense) | (80) |
Subordinated liabilities | |
Disclosure Of Financial Liabilities At Date Of Initial Application Of IFRS 9 [Line Items] | |
Financial liabilities reclassified from fair value through profit and loss, carrying amount | 5,872 |
Financial liabilities reclassified from fair value through profit and loss, fair value | 6,635 |
Fair value gains/(losses) recognised in profit or loss, assuming no reclassification | 246 |
Fair value gains/(losses) recognised in other comprehensive income, assuming no reclassification, financial liabilities | 644 |
Interest revenue/(expense) | $ (323) |
Effects of reclassification u_8
Effects of reclassification upon adoption of IFRS 9 - Footnotes (Details) - USD ($) $ in Millions | 12 Months Ended | |||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | Jan. 01, 2018 | |
Disclosure Of Effects Of Initial Application Of IFRS 9 [Line Items] | ||||
Decrease to net assets including ECL upon initial adoption of IFRS 9 | $ 2,232 | |||
IFRS 9 re-measurement including expected credit losses | (3,341) | |||
IFRS 9 remeasurement including expected credit losses | (1,694) | |||
Carrying amount post reclassification | 2,521,771 | |||
Trading income (expense) | $ 9,531 | 8,426 | $ 7,521 | |
Tax expense | $ 4,865 | 5,288 | $ 3,666 | |
IFRS 9 remeasurement | 1,647 | |||
IFRS 9 remeasurement attributable to expected credit losses | 184 | |||
Fair value through profit and loss | ||||
Disclosure Of Effects Of Initial Application Of IFRS 9 [Line Items] | ||||
IFRS 9 reclassifications and other changes in classification | 0 | |||
IFRS 9 reclassifications and other changes in classifications | 0 | |||
Amortised cost | ||||
Disclosure Of Effects Of Initial Application Of IFRS 9 [Line Items] | ||||
IFRS 9 reclassifications and other changes in classification | 0 | |||
IFRS 9 reclassifications and other changes in classifications | 0 | |||
Fair value through other comprehensive income | ||||
Disclosure Of Effects Of Initial Application Of IFRS 9 [Line Items] | ||||
IFRS 9 reclassifications and other changes in classification | 0 | |||
IFRS 9 reclassifications and other changes in classifications | 0 | |||
Other changes in classification | ||||
Disclosure Of Effects Of Initial Application Of IFRS 9 [Line Items] | ||||
IFRS 9 reclassifications and other changes in classification | 0 | |||
IFRS 9 reclassifications and other changes in classifications | 0 | |||
Other reserves | ||||
Disclosure Of Effects Of Initial Application Of IFRS 9 [Line Items] | ||||
IFRS 9 remeasurement | 61 | |||
Financial liabilities designated at fair value | ||||
Disclosure Of Effects Of Initial Application Of IFRS 9 [Line Items] | ||||
Decrease in financial liabilities voluntarily reclassified upon initial application of IFRS 9 | 7,110 | |||
IFRS 9 remeasurement including expected credit losses | 9 | |||
Financial liabilities designated at fair value | Fair value through profit and loss | ||||
Disclosure Of Effects Of Initial Application Of IFRS 9 [Line Items] | ||||
IFRS 9 reclassifications and other changes in classifications | 0 | |||
Financial liabilities designated at fair value | Amortised cost | ||||
Disclosure Of Effects Of Initial Application Of IFRS 9 [Line Items] | ||||
IFRS 9 reclassifications and other changes in classifications | (9,699) | |||
Financial liabilities designated at fair value | Fair value through other comprehensive income | ||||
Disclosure Of Effects Of Initial Application Of IFRS 9 [Line Items] | ||||
IFRS 9 reclassifications and other changes in classifications | 0 | |||
Financial liabilities designated at fair value | Other changes in classification | ||||
Disclosure Of Effects Of Initial Application Of IFRS 9 [Line Items] | ||||
IFRS 9 reclassifications and other changes in classifications | 59,267 | |||
Trading liabilities | ||||
Disclosure Of Effects Of Initial Application Of IFRS 9 [Line Items] | ||||
IFRS 9 remeasurement including expected credit losses | 0 | |||
Trading liabilities | Fair value through profit and loss | ||||
Disclosure Of Effects Of Initial Application Of IFRS 9 [Line Items] | ||||
IFRS 9 reclassifications and other changes in classifications | 0 | |||
Trading liabilities | Amortised cost | ||||
Disclosure Of Effects Of Initial Application Of IFRS 9 [Line Items] | ||||
IFRS 9 reclassifications and other changes in classifications | 0 | |||
Trading liabilities | Fair value through other comprehensive income | ||||
Disclosure Of Effects Of Initial Application Of IFRS 9 [Line Items] | ||||
IFRS 9 reclassifications and other changes in classifications | 0 | |||
Trading liabilities | Other changes in classification | ||||
Disclosure Of Effects Of Initial Application Of IFRS 9 [Line Items] | ||||
IFRS 9 reclassifications and other changes in classifications | (103,497) | |||
Trading liabilities | ||||
Disclosure Of Effects Of Initial Application Of IFRS 9 [Line Items] | ||||
Financial liabilities reclassified voluntarily, initial application of IFRS 9 | 44,230 | |||
Deposits by banks | ||||
Disclosure Of Effects Of Initial Application Of IFRS 9 [Line Items] | ||||
Financial liabilities reclassified voluntarily, initial application of IFRS 9 | 5,430 | |||
Customer accounts | ||||
Disclosure Of Effects Of Initial Application Of IFRS 9 [Line Items] | ||||
Financial liabilities reclassified voluntarily, initial application of IFRS 9 | 4,235 | |||
IFRS 9 remeasurement including expected credit losses | 0 | |||
Customer accounts | Fair value through profit and loss | ||||
Disclosure Of Effects Of Initial Application Of IFRS 9 [Line Items] | ||||
IFRS 9 reclassifications and other changes in classifications | 0 | |||
Customer accounts | Amortised cost | ||||
Disclosure Of Effects Of Initial Application Of IFRS 9 [Line Items] | ||||
IFRS 9 reclassifications and other changes in classifications | 0 | |||
Customer accounts | Fair value through other comprehensive income | ||||
Disclosure Of Effects Of Initial Application Of IFRS 9 [Line Items] | ||||
IFRS 9 reclassifications and other changes in classifications | 0 | |||
Customer accounts | Other changes in classification | ||||
Disclosure Of Effects Of Initial Application Of IFRS 9 [Line Items] | ||||
IFRS 9 reclassifications and other changes in classifications | (4,235) | |||
Provisions | ||||
Disclosure Of Effects Of Initial Application Of IFRS 9 [Line Items] | ||||
IFRS 9 remeasurement including expected credit losses | 284 | |||
Provisions | Fair value through profit and loss | ||||
Disclosure Of Effects Of Initial Application Of IFRS 9 [Line Items] | ||||
IFRS 9 reclassifications and other changes in classifications | 0 | |||
Provisions | Amortised cost | ||||
Disclosure Of Effects Of Initial Application Of IFRS 9 [Line Items] | ||||
IFRS 9 reclassifications and other changes in classifications | 0 | |||
Provisions | Fair value through other comprehensive income | ||||
Disclosure Of Effects Of Initial Application Of IFRS 9 [Line Items] | ||||
IFRS 9 reclassifications and other changes in classifications | 0 | |||
Provisions | Other changes in classification | ||||
Disclosure Of Effects Of Initial Application Of IFRS 9 [Line Items] | ||||
IFRS 9 reclassifications and other changes in classifications | 0 | |||
Liabilities under insurance contracts | ||||
Disclosure Of Effects Of Initial Application Of IFRS 9 [Line Items] | ||||
IFRS 9 reclassifications and other changes in classifications | (69) | |||
Subordinated liabilities | ||||
Disclosure Of Effects Of Initial Application Of IFRS 9 [Line Items] | ||||
IFRS 9 remeasurement including expected credit losses | (1,445) | |||
Increase (decrease) in financial liabilities designated at amortised cost upon initial application of IFRS 9 | $ 370 | |||
Subordinated liabilities | 3.16% Subordinated Debt | ||||
Disclosure Of Effects Of Initial Application Of IFRS 9 [Line Items] | ||||
Effective interest rate determined on date of reclassification of financial liabilities out of fair value through profit or loss category, initial application of IFRS 9 | 3.16% | |||
Subordinated liabilities | 5.34% Subordinated Debt | ||||
Disclosure Of Effects Of Initial Application Of IFRS 9 [Line Items] | ||||
Effective interest rate determined on date of reclassification of financial liabilities out of fair value through profit or loss category, initial application of IFRS 9 | 5.34% | |||
Subordinated liabilities | 6.57% Subordinated Debt | ||||
Disclosure Of Effects Of Initial Application Of IFRS 9 [Line Items] | ||||
Effective interest rate determined on date of reclassification of financial liabilities out of fair value through profit or loss category, initial application of IFRS 9 | 6.57% | |||
Subordinated liabilities | 7.69% Subordinated Debt | ||||
Disclosure Of Effects Of Initial Application Of IFRS 9 [Line Items] | ||||
Effective interest rate determined on date of reclassification of financial liabilities out of fair value through profit or loss category, initial application of IFRS 9 | 7.69% | |||
Subordinated liabilities | Fair value through profit and loss | ||||
Disclosure Of Effects Of Initial Application Of IFRS 9 [Line Items] | ||||
IFRS 9 reclassifications and other changes in classifications | $ 0 | |||
Subordinated liabilities | Amortised cost | ||||
Disclosure Of Effects Of Initial Application Of IFRS 9 [Line Items] | ||||
IFRS 9 reclassifications and other changes in classifications | 7,480 | |||
Subordinated liabilities | Fair value through other comprehensive income | ||||
Disclosure Of Effects Of Initial Application Of IFRS 9 [Line Items] | ||||
IFRS 9 reclassifications and other changes in classifications | 0 | |||
Subordinated liabilities | Other changes in classification | ||||
Disclosure Of Effects Of Initial Application Of IFRS 9 [Line Items] | ||||
IFRS 9 reclassifications and other changes in classifications | 0 | |||
Debt securities in issue | ||||
Disclosure Of Effects Of Initial Application Of IFRS 9 [Line Items] | ||||
IFRS 9 remeasurement including expected credit losses | $ (105) | |||
Effective interest rate determined on date of reclassification of financial liabilities out of fair value through profit or loss category, initial application of IFRS 9 | 4.05% | |||
Debt securities in issue | Fair value through profit and loss | ||||
Disclosure Of Effects Of Initial Application Of IFRS 9 [Line Items] | ||||
IFRS 9 reclassifications and other changes in classifications | $ 0 | |||
Debt securities in issue | Amortised cost | ||||
Disclosure Of Effects Of Initial Application Of IFRS 9 [Line Items] | ||||
IFRS 9 reclassifications and other changes in classifications | 2,095 | |||
Debt securities in issue | Fair value through other comprehensive income | ||||
Disclosure Of Effects Of Initial Application Of IFRS 9 [Line Items] | ||||
IFRS 9 reclassifications and other changes in classifications | 0 | |||
Debt securities in issue | Other changes in classification | ||||
Disclosure Of Effects Of Initial Application Of IFRS 9 [Line Items] | ||||
IFRS 9 reclassifications and other changes in classifications | 0 | |||
Accruals, deferred income and other liabilities | ||||
Disclosure Of Effects Of Initial Application Of IFRS 9 [Line Items] | ||||
IFRS 9 remeasurement including expected credit losses | 0 | |||
Accruals, deferred income and other liabilities | Fair value through profit and loss | ||||
Disclosure Of Effects Of Initial Application Of IFRS 9 [Line Items] | ||||
IFRS 9 reclassifications and other changes in classifications | 0 | |||
Accruals, deferred income and other liabilities | Amortised cost | ||||
Disclosure Of Effects Of Initial Application Of IFRS 9 [Line Items] | ||||
IFRS 9 reclassifications and other changes in classifications | 124 | |||
Accruals, deferred income and other liabilities | Fair value through other comprehensive income | ||||
Disclosure Of Effects Of Initial Application Of IFRS 9 [Line Items] | ||||
IFRS 9 reclassifications and other changes in classifications | 0 | |||
Accruals, deferred income and other liabilities | Other changes in classification | ||||
Disclosure Of Effects Of Initial Application Of IFRS 9 [Line Items] | ||||
IFRS 9 reclassifications and other changes in classifications | 53,895 | |||
Trading assets | ||||
Disclosure Of Effects Of Initial Application Of IFRS 9 [Line Items] | ||||
Financial assets reclassified voluntarily, initial application of IFRS 9 | 37,900 | |||
Loans and advances to banks | ||||
Disclosure Of Effects Of Initial Application Of IFRS 9 [Line Items] | ||||
Financial assets reclassified voluntarily, initial application of IFRS 9 | 5,939 | |||
Increase (decrease) in financial assets designated at fair value through profit or loss reclassified upon initial application of IFRS 9 | (712) | |||
Loans and advances to customers | ||||
Disclosure Of Effects Of Initial Application Of IFRS 9 [Line Items] | ||||
Financial assets reclassified voluntarily, initial application of IFRS 9 | 3,976 | |||
Increase (decrease) in financial assets designated at fair value through profit or loss reclassified upon initial application of IFRS 9 | (3,903) | |||
Loans and advances to customers and banks | ||||
Disclosure Of Effects Of Initial Application Of IFRS 9 [Line Items] | ||||
Financial assets reclassified voluntarily, initial application of IFRS 9 | 4,642 | |||
Loans and advances to customers | ||||
Disclosure Of Effects Of Initial Application Of IFRS 9 [Line Items] | ||||
IFRS 9 re-measurement including expected credit losses | (1,890) | |||
Carrying amount post reclassification | 951,627 | |||
Loans and advances to customers | Fair value through profit and loss | ||||
Disclosure Of Effects Of Initial Application Of IFRS 9 [Line Items] | ||||
IFRS 9 reclassifications and other changes in classification | 3,903 | |||
Loans and advances to customers | Amortised cost | ||||
Disclosure Of Effects Of Initial Application Of IFRS 9 [Line Items] | ||||
IFRS 9 reclassifications and other changes in classification | (24) | |||
Loans and advances to customers | Fair value through other comprehensive income | ||||
Disclosure Of Effects Of Initial Application Of IFRS 9 [Line Items] | ||||
IFRS 9 reclassifications and other changes in classification | 0 | |||
Loans and advances to customers | Other changes in classification | ||||
Disclosure Of Effects Of Initial Application Of IFRS 9 [Line Items] | ||||
IFRS 9 reclassifications and other changes in classification | 7,458 | |||
Debt instruments | Available-for-sale | ||||
Disclosure Of Effects Of Initial Application Of IFRS 9 [Line Items] | ||||
IFRS 9 re-measurement including expected credit losses | (3) | |||
Increase (decrease) in financial asset measured at amortised cost excluding ECL upon initial application of IFRS 9 | 441 | |||
Carrying amount post reclassification | 322,166 | |||
Debt instruments | Available-for-sale | Fair value through profit and loss | ||||
Disclosure Of Effects Of Initial Application Of IFRS 9 [Line Items] | ||||
IFRS 9 reclassifications and other changes in classification | 3,131 | |||
Debt instruments | Available-for-sale | Amortised cost | ||||
Disclosure Of Effects Of Initial Application Of IFRS 9 [Line Items] | ||||
IFRS 9 reclassifications and other changes in classification | 7,026 | |||
Debt instruments | Available-for-sale | Fair value through other comprehensive income | ||||
Disclosure Of Effects Of Initial Application Of IFRS 9 [Line Items] | ||||
IFRS 9 reclassifications and other changes in classification | (83) | |||
Debt instruments | Available-for-sale | Other changes in classification | ||||
Disclosure Of Effects Of Initial Application Of IFRS 9 [Line Items] | ||||
IFRS 9 reclassifications and other changes in classification | 0 | |||
Equity securities | Available-for-sale | ||||
Disclosure Of Effects Of Initial Application Of IFRS 9 [Line Items] | ||||
IFRS 9 re-measurement including expected credit losses | 0 | |||
Carrying amount post reclassification | 1,813 | |||
Equity securities | Available-for-sale | Fair value through profit and loss | ||||
Disclosure Of Effects Of Initial Application Of IFRS 9 [Line Items] | ||||
IFRS 9 reclassifications and other changes in classification | 2,104 | |||
Equity securities | Available-for-sale | Amortised cost | ||||
Disclosure Of Effects Of Initial Application Of IFRS 9 [Line Items] | ||||
IFRS 9 reclassifications and other changes in classification | 0 | |||
Equity securities | Available-for-sale | Fair value through other comprehensive income | ||||
Disclosure Of Effects Of Initial Application Of IFRS 9 [Line Items] | ||||
IFRS 9 reclassifications and other changes in classification | 0 | |||
Equity securities | Available-for-sale | Other changes in classification | ||||
Disclosure Of Effects Of Initial Application Of IFRS 9 [Line Items] | ||||
IFRS 9 reclassifications and other changes in classification | 0 | |||
Prepayments, accrued income and other assets | ||||
Disclosure Of Effects Of Initial Application Of IFRS 9 [Line Items] | ||||
IFRS 9 re-measurement including expected credit losses | (15) | |||
Carrying amount post reclassification | 114,792 | |||
Prepayments, accrued income and other assets | Fair value through profit and loss | ||||
Disclosure Of Effects Of Initial Application Of IFRS 9 [Line Items] | ||||
IFRS 9 reclassifications and other changes in classification | 214 | |||
Prepayments, accrued income and other assets | Amortised cost | ||||
Disclosure Of Effects Of Initial Application Of IFRS 9 [Line Items] | ||||
IFRS 9 reclassifications and other changes in classification | (37,900) | |||
Prepayments, accrued income and other assets | Fair value through other comprehensive income | ||||
Disclosure Of Effects Of Initial Application Of IFRS 9 [Line Items] | ||||
IFRS 9 reclassifications and other changes in classification | 0 | |||
Prepayments, accrued income and other assets | Other changes in classification | ||||
Disclosure Of Effects Of Initial Application Of IFRS 9 [Line Items] | ||||
IFRS 9 reclassifications and other changes in classification | (9,915) | |||
Interests in associates and joint ventures | ||||
Disclosure Of Effects Of Initial Application Of IFRS 9 [Line Items] | ||||
IFRS 9 re-measurement including expected credit losses | (942) | $ (942) | ||
Carrying amount post reclassification | 22,744 | |||
Interests in associates and joint ventures | Fair value through profit and loss | ||||
Disclosure Of Effects Of Initial Application Of IFRS 9 [Line Items] | ||||
IFRS 9 reclassifications and other changes in classification | 0 | |||
Interests in associates and joint ventures | Amortised cost | ||||
Disclosure Of Effects Of Initial Application Of IFRS 9 [Line Items] | ||||
IFRS 9 reclassifications and other changes in classification | 0 | |||
Interests in associates and joint ventures | Fair value through other comprehensive income | ||||
Disclosure Of Effects Of Initial Application Of IFRS 9 [Line Items] | ||||
IFRS 9 reclassifications and other changes in classification | 0 | |||
Interests in associates and joint ventures | Other changes in classification | ||||
Disclosure Of Effects Of Initial Application Of IFRS 9 [Line Items] | ||||
IFRS 9 reclassifications and other changes in classification | 0 | |||
Goodwill and intangible assets | ||||
Disclosure Of Effects Of Initial Application Of IFRS 9 [Line Items] | ||||
IFRS 9 re-measurement including expected credit losses | (79) | |||
Carrying amount post reclassification | 23,453 | |||
Goodwill and intangible assets | Fair value through profit and loss | ||||
Disclosure Of Effects Of Initial Application Of IFRS 9 [Line Items] | ||||
IFRS 9 reclassifications and other changes in classification | 0 | |||
Goodwill and intangible assets | Amortised cost | ||||
Disclosure Of Effects Of Initial Application Of IFRS 9 [Line Items] | ||||
IFRS 9 reclassifications and other changes in classification | 0 | |||
Goodwill and intangible assets | Fair value through other comprehensive income | ||||
Disclosure Of Effects Of Initial Application Of IFRS 9 [Line Items] | ||||
IFRS 9 reclassifications and other changes in classification | 0 | |||
Goodwill and intangible assets | Other changes in classification | ||||
Disclosure Of Effects Of Initial Application Of IFRS 9 [Line Items] | ||||
IFRS 9 reclassifications and other changes in classification | 0 | |||
Pro Forma | Change in accounting policy and presentation | ||||
Disclosure Of Effects Of Initial Application Of IFRS 9 [Line Items] | ||||
Trading income (expense) | 545 | |||
Tax expense | $ 168 |
Events after the balance shee_2
Events after the balance sheet date (Details) $ / shares in Units, $ in Millions | 12 Months Ended |
Dec. 31, 2018USD ($)$ / shares | |
Events After Reporting Period [Abstract] | |
Dividends declared before financial statements authorised for issue, per share(in dollars per share) | $ / shares | $ 0.21 |
Dividends declared before financial statements authorized for issue | $ | $ 4,205 |
HSBC Holdings' subsidiaries, _3
HSBC Holdings' subsidiaries, joint ventures and associates - Subsidiaries (Details) | 12 Months Ended |
Dec. 31, 2018 | |
ACN 087 652 113 Pty Limited (in liquidation) | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
Almacenadora Banpacifico S.A. (in liquidation) | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 99.99% |
Assetfinance December (F) Limited | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
Assetfinance December (H) Limited | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
Assetfinance December (M) Limited | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
Assetfinance December (P) Limited | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
Assetfinance December (R) Limited | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
Assetfinance June (A) Limited | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
Assetfinance June (D) Limited | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
Assetfinance Limited | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
Assetfinance March (B) Limited | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
Assetfinance March (D) Limited | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
Assetfinance March (F) Limited | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
Assetfinance September (F) Limited | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
Assetfinance September (G) Limited | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
B&Q Financial Services Limited | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
Banco Nominees (Guernsey) Limited | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
Banco Nominees 2 (Guernsey) Limited | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
Banco Nominees Limited | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
Bank of Bermuda (Cayman) Limited | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
Beijing Miyun HSBC Rural Bank Company Limited | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
Billingsgate Nominees Limited | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
Canada Crescent Nominees (UK) Limited | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
Canada Square Nominees (UK) Limited | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
Canada Water Nominees (UK) Limited (in liquidation) | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
Capco/Cove, Inc. | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
Card-Flo 1, Inc. | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
Card-Flo 3, Inc. | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
CCF & Partners Asset Management Limited | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 99.99% |
CCF Charterhouse GmbH (in liquidation) | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
CCF Charterhouse GmbH (in liquidation) | HSBC Holdings | |
Disclosure of subsidiaries [line items] | |
Group interest percent | (99.99%) |
CCF Holding (LIBAN) S.A.L. (in liquidation) | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 74.99% |
Charterhouse Administrators (D.T.) Limited | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
Charterhouse Administrators (D.T.) Limited | HSBC Holdings | |
Disclosure of subsidiaries [line items] | |
Group interest percent | (99.99%) |
Charterhouse Development Limited (in liquidation) | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
Charterhouse Management Services Limited | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
Charterhouse Management Services Limited | HSBC Holdings | |
Disclosure of subsidiaries [line items] | |
Group interest percent | (99.99%) |
Charterhouse Pensions Limited | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
Chongqing Dazu HSBC Rural Bank Company Limited | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
Chongqing Fengdu HSBC Rural Bank Company Limited | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
Chongqing Rongchang HSBC Rural Bank Company Limited | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
CL Residential Limited (in liquidation) | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
Cordico Management AG | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
Corhold Limited | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
Dalian Pulandian HSBC Rural Bank Company Limited | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
Dem 5 | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
Dem 5 | HSBC Holdings | |
Disclosure of subsidiaries [line items] | |
Group interest percent | (99.99%) |
Dem 9 | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
Dem 9 | HSBC Holdings | |
Disclosure of subsidiaries [line items] | |
Group interest percent | (99.99%) |
Dempar 1 | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
Dempar 1 | HSBC Holdings | |
Disclosure of subsidiaries [line items] | |
Group interest percent | (99.99%) |
Dempar 4 | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
Dempar 4 | HSBC Holdings | |
Disclosure of subsidiaries [line items] | |
Group interest percent | (99.99%) |
Desarrollo Turistico, S.A. de C.V. (in liquidation) | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 99.99% |
Elysees GmbH (in liquidation) | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
Elysees GmbH (in liquidation) | HSBC Holdings | |
Disclosure of subsidiaries [line items] | |
Group interest percent | (99.99%) |
Elysées Immo Invest | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
Elysées Immo Invest | HSBC Holdings | |
Disclosure of subsidiaries [line items] | |
Group interest percent | (99.99%) |
Equator Holdings Limited (in liquidation) | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
Eton Corporate Services Limited | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
Far East Leasing SA (in liquidation) | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
Fdm 5 SAS | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
Fdm 5 SAS | HSBC Holdings | |
Disclosure of subsidiaries [line items] | |
Group interest percent | (99.99%) |
FEPC Leasing Ltd. (in liquidation) | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
Finanpar 2 | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
Finanpar 2 | HSBC Holdings | |
Disclosure of subsidiaries [line items] | |
Group interest percent | (99.99%) |
Finanpar 7 | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
Finanpar 7 | HSBC Holdings | |
Disclosure of subsidiaries [line items] | |
Group interest percent | (99.99%) |
Flandres Contentieux S.A. | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
Flandres Contentieux S.A. | HSBC Holdings | |
Disclosure of subsidiaries [line items] | |
Group interest percent | (99.99%) |
Foncière Elysées | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
Foncière Elysées | HSBC Holdings | |
Disclosure of subsidiaries [line items] | |
Group interest percent | (99.99%) |
Forward Trust Rail Services Limited (in liquidation) | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
Fujian Yongan HSBC Rural Bank Company Limited | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
Fulcher Enterprises Company Limited | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
Fulcher Enterprises Company Limited | HSBC Holdings | |
Disclosure of subsidiaries [line items] | |
Group interest percent | (62.14%) |
Fundacion HSBC, A.C. | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 99.99% |
Giller Ltd. | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
Global Payments Technology Mexico S.A. De C.V. | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
Global Payments Technology Mexico S.A. De C.V. | HSBC Holdings | |
Disclosure of subsidiaries [line items] | |
Group interest percent | (99.99%) |
Griffin International Limited | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
Grupo Financiero HSBC, S. A. de C. V. | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 99.99% |
Guangdong Enping HSBC Rural Bank Company Limited | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
Hang Seng (Nominee) Limited | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
Hang Seng (Nominee) Limited | HSBC Holdings | |
Disclosure of subsidiaries [line items] | |
Group interest percent | (62.14%) |
Hang Seng Bank (China) Limited | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
Hang Seng Bank (China) Limited | HSBC Holdings | |
Disclosure of subsidiaries [line items] | |
Group interest percent | (62.14%) |
Hang Seng Bank (Trustee) Limited | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
Hang Seng Bank (Trustee) Limited | HSBC Holdings | |
Disclosure of subsidiaries [line items] | |
Group interest percent | (62.14%) |
Hang Seng Bank Limited | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 62.14% |
Hang Seng Bank Limited | HSBC Holdings | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 62.14% |
Hang Seng Bullion Company Limited | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
Hang Seng Bullion Company Limited | HSBC Holdings | |
Disclosure of subsidiaries [line items] | |
Group interest percent | (62.14%) |
Hang Seng Credit Limited | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
Hang Seng Credit Limited | HSBC Holdings | |
Disclosure of subsidiaries [line items] | |
Group interest percent | (62.14%) |
Hang Seng Data Services Limited | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
Hang Seng Data Services Limited | HSBC Holdings | |
Disclosure of subsidiaries [line items] | |
Group interest percent | (62.14%) |
Hang Seng Finance Limited | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
Hang Seng Finance Limited | HSBC Holdings | |
Disclosure of subsidiaries [line items] | |
Group interest percent | (62.14%) |
Hang Seng Financial Information Limited | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
Hang Seng Financial Information Limited | HSBC Holdings | |
Disclosure of subsidiaries [line items] | |
Group interest percent | (62.14%) |
Hang Seng Futures Limited (in liquidation) | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
Hang Seng Futures Limited (in liquidation) | HSBC Holdings | |
Disclosure of subsidiaries [line items] | |
Group interest percent | (62.14%) |
Hang Seng Indexes Company Limited | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
Hang Seng Indexes Company Limited | HSBC Holdings | |
Disclosure of subsidiaries [line items] | |
Group interest percent | (62.14%) |
Hang Seng Insurance Company Limited | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
Hang Seng Insurance Company Limited | HSBC Holdings | |
Disclosure of subsidiaries [line items] | |
Group interest percent | (62.14%) |
Hang Seng Investment Management Limited | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
Hang Seng Investment Management Limited | HSBC Holdings | |
Disclosure of subsidiaries [line items] | |
Group interest percent | (62.14%) |
Hang Seng Investment Services Limited | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
Hang Seng Investment Services Limited | HSBC Holdings | |
Disclosure of subsidiaries [line items] | |
Group interest percent | (62.14%) |
Hang Seng Life Limited | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
Hang Seng Life Limited | HSBC Holdings | |
Disclosure of subsidiaries [line items] | |
Group interest percent | (62.14%) |
Hang Seng Real Estate Management Limited | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
Hang Seng Real Estate Management Limited | HSBC Holdings | |
Disclosure of subsidiaries [line items] | |
Group interest percent | (62.14%) |
Hang Seng Securities Limited | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
Hang Seng Securities Limited | HSBC Holdings | |
Disclosure of subsidiaries [line items] | |
Group interest percent | (62.14%) |
Hang Seng Security Management Limited | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
Hang Seng Security Management Limited | HSBC Holdings | |
Disclosure of subsidiaries [line items] | |
Group interest percent | (62.14%) |
Hang Seng Qianhai Fund Management Company Limited | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 70.00% |
Hang Seng Qianhai Fund Management Company Limited | HSBC Holdings | |
Disclosure of subsidiaries [line items] | |
Group interest percent | (43.49%) |
Haseba Investment Company Limited | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
Haseba Investment Company Limited | HSBC Holdings | |
Disclosure of subsidiaries [line items] | |
Group interest percent | (62.14%) |
HFC Bank Limited (in liquidation) | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
High Time Investments Limited | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
High Time Investments Limited | HSBC Holdings | |
Disclosure of subsidiaries [line items] | |
Group interest percent | (62.14%) |
HITG Administration GmbH | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
Honey Green Enterprises Ltd. | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
Hongkong International Trade Finance (Holdings) Limited (in liquidation) | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
Household Finance Corporation III | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
Household International Europe Limited (in liquidation) | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
Household Pooling Corporation | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
HRMG Nominees Limited | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
HSBC (BGF) Investments Limited | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
HSBC (General Partner) Limited | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
HSBC (Guernsey) GP PCC Limited | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
HSBC (Kuala Lumpur) Nominees Sdn Bhd | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
HSBC (Malaysia) Trustee Berhad | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
HSBC (Singapore) Nominees Pte Ltd | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
HSBC Administradora de Inversiones S.A. | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
HSBC Administradora de Inversiones S.A. | HSBC Holdings | |
Disclosure of subsidiaries [line items] | |
Group interest percent | (99.65%) |
HSBC Agency (India) Private Limited | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
HSBC Alternative Investments Limited | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
HSBC Amanah Malaysia Berhad | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
HSBC Amanah Takaful (Malaysia) Berhad | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 49.00% |
HSBC Americas Corporation (Delaware) | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
HSBC Argentina Holdings S.A. | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
HSBC Asia Holdings (UK) Limited | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
HSBC Asia Holdings B.V. | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
HSBC Asia Holdings Limited | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
HSBC Asia Pacific Holdings (UK) Limited | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
HSBC Asset Finance (UK) Limited | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
HSBC Asset Finance Holdings Limited (in liquidation) | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
HSBC Asset Finance M.O.G. Holdings (UK) Limited | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
HSBC Asset Management (India) Private Limited | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
HSBC Asset Management (India) Private Limited | HSBC Holdings | |
Disclosure of subsidiaries [line items] | |
Group interest percent | (99.99%) |
HSBC Assurances Vie (France) | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
HSBC Assurances Vie (France) | HSBC Holdings | |
Disclosure of subsidiaries [line items] | |
Group interest percent | (99.99%) |
HSBC Australia Holdings Pty Limited | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
HSBC Bank (Chile) | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
HSBC Bank (China) Company Limited | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
HSBC Bank (China) Company Limited | HSBC Holdings | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
HSBC Bank (General Partner) Limited | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
HSBC Bank (Mauritius) Limited | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
HSBC Bank (RR) (Limited Liability Company) | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
HSBC Bank (Singapore) Limited | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
HSBC Bank (Taiwan) Limited | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
HSBC Bank (Uruguay) S.A. | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
HSBC Bank (Vietnam) Ltd. | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
HSBC Bank A.S. | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
HSBC Bank Argentina S.A. | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
HSBC Bank Argentina S.A. | HSBC Holdings | |
Disclosure of subsidiaries [line items] | |
Group interest percent | (99.99%) |
HSBC Bank Armenia cjsc | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 70.00% |
HSBC Bank Australia Limited | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
HSBC Bank Bermuda Limited | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
HSBC Bank Canada | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
HSBC Bank Canada | HSBC Holdings | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
HSBC Bank Egypt S.A.E | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 94.54% |
HSBC Bank Malaysia Berhad | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
HSBC Bank Malaysia Berhad | HSBC Holdings | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
HSBC Bank Malta p.l.c. | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 70.03% |
HSBC Bank Middle East Limited | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
HSBC Bank Middle East Limited | HSBC Holdings | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
HSBC Bank Middle East Limited, Representative Office Morocco SARL | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
HSBC Bank Nominee (Jersey) Limited | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
HSBC Bank Oman S.A.O.G. | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 51.00% |
HSBC Bank Pension Trust (UK) Limited | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
HSBC Bank plc | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
HSBC Bank plc | HSBC Holdings | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
HSBC Bank Polska S.A. | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
HSBC Bank USA, National Association | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
HSBC Branch Nominee (UK) Limited | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
HSBC Brasil Holding S.A. | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
HSBC Brasil S.A. Banco De Investimento | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
HSBC Broking Forex (Asia) Limited | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
HSBC Broking Futures (Asia) Limited | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
HSBC Broking Futures (Hong Kong) Limited | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
HSBC Broking Securities (Asia) Limited | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
HSBC Broking Securities (Hong Kong) Limited | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
HSBC Broking Services (Asia) Limited | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
HSBC Canadian Covered Bond (Legislative) GP Inc | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
HSBC Capital (USA), Inc. | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
HSBC Capital Limited | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
HSBC Card Services Inc. | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
HSBC Casa de Bolsa, S.A. de C.V., Grupo Financiero HSBC | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 99.99% |
HSBC Cayman Services Limited | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
HSBC City Funding Holdings | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
HSBC Client Holdings Nominee (UK) Limited | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
HSBC Client Share Offer Nominee (UK) Limited | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
HSBC Corporate Advisory (Malaysia) Sdn Bhd | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
HSBC Corporate Finance (Hong Kong) Limited | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
HSBC Corporate Trustee Company (UK) Limited | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
HSBC Custody Nominees (Australia) Limited | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
HSBC Custody Services (Guernsey) Limited | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
HSBC Daisy Investments (Mauritius) Limited | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
HSBC Electronic Data Processing (Guangdong) Limited | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
HSBC Electronic Data Processing (Malaysia) Sdn Bhd | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
HSBC Electronic Data Processing (Philippines), Inc. | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 99.99% |
HSBC Electronic Data Processing India Private Limited | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
HSBC Electronic Data Processing Lanka (Private) Limited | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
HSBC Electronic Data Service Delivery (Egypt) S.A.E. | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
HSBC Enterprise Investment Company (UK) Limited | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
HSBC Epargne Entreprise (France) | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
HSBC Epargne Entreprise (France) | HSBC Holdings | |
Disclosure of subsidiaries [line items] | |
Group interest percent | (99.99%) |
HSBC Equator (UK) Limited (in liquidation) | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
HSBC Equipment Finance (UK) Limited | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
HSBC Equity (UK) Limited | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
HSBC Europe B.V. | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
HSBC Executor & Trustee Company (UK) Limited | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
HSBC Factoring (France) | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
HSBC Factoring (France) | HSBC Holdings | |
Disclosure of subsidiaries [line items] | |
Group interest percent | (99.99%) |
HSBC Finance (Brunei) Berhad | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
HSBC Finance (Netherlands) | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
HSBC Finance Corporation | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
HSBC Finance Limited | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
HSBC Finance Mortgages Inc. | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
HSBC Finance Transformation (UK) Limited | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
HSBC Financial Services (Lebanon) s.a.l. | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 99.60% |
HSBC Financial Services (Middle East) Limited (in liquidation) | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
HSBC Financial Services (Uruguay) S.A. (in liquidation) | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
HSBC France | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 99.99% |
HSBC France | HSBC Holdings | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 99.99% |
HSBC Fund Services (Korea) Limited | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 92.95% |
HSBC Funding (UK) Holdings (active proposal to strike off) | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
HSBC Germany Holdings GmbH | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
HSBC Global Asset Management (Bermuda) Limited | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
HSBC Global Asset Management (Canada) Limited | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
HSBC Global Asset Management (Deutschland) GmbH | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
HSBC Global Asset Management (Deutschland) GmbH | HSBC Holdings | |
Disclosure of subsidiaries [line items] | |
Group interest percent | (80.67%) |
HSBC Global Asset Management (France) | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
HSBC Global Asset Management (France) | HSBC Holdings | |
Disclosure of subsidiaries [line items] | |
Group interest percent | (99.99%) |
HSBC Global Asset Management (Hong Kong) Limited | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
HSBC Global Asset Management (International) Limited (in liquidation) | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
HSBC Global Asset Management (Japan) K. K. | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
HSBC Global Asset Management (Malta) Limited | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
HSBC Global Asset Management (Malta) Limited | HSBC Holdings | |
Disclosure of subsidiaries [line items] | |
Group interest percent | (70.03%) |
HSBC Global Asset Management (México), S.A. de C.V., Sociedad Operadora de Fondos de Inversión, Grupo Financiero HSBC | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 99.99% |
HSBC Global Asset Management (Oesterreich) GmbH | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
HSBC Global Asset Management (Oesterreich) GmbH | HSBC Holdings | |
Disclosure of subsidiaries [line items] | |
Group interest percent | (80.67%) |
HSBC Global Asset Management (Singapore) Limited | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
HSBC Global Asset Management (Switzerland) AG | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
HSBC Global Asset Management (Switzerland) AG | HSBC Holdings | |
Disclosure of subsidiaries [line items] | |
Group interest percent | (90.33%) |
HSBC Global Asset Management (Taiwan) Limited | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
HSBC Global Asset Management (UK) Limited | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
HSBC Global Asset Management (USA) Inc. | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
HSBC Global Asset Management Holdings (Bahamas) Limited | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
HSBC Global Asset Management Limited | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
HSBC Global Custody Nominee (UK) Limited | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
HSBC Global Custody Proprietary Nominee (UK) Limited | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
HSBC Global Services (Canada) Limited | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
HSBC Global Services (China) Holdings Limited | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
HSBC Global Services (Hong Kong) Limited | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
HSBC Global Services (UK) Limited | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
HSBC Global Services Limited | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
HSBC Global Shared Services (India) Private Limited (in liquidation) | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
HSBC Global Shared Services (India) Private Limited (in liquidation) | HSBC Holdings | |
Disclosure of subsidiaries [line items] | |
Group interest percent | (99.99%) |
HSBC Group Management Services Limited | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
HSBC Group Nominees UK Limited | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
HSBC Holdings B.V. | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
HSBC IM Pension Trust Limited | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
HSBC Infrastructure Limited | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
HSBC INKA Investment-AG TGV | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
HSBC INKA Investment-AG TGV | HSBC Holdings | |
Disclosure of subsidiaries [line items] | |
Group interest percent | (80.67%) |
HSBC Inmobiliaria (Mexico), S.A. de C.V. | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
HSBC Institutional Trust Services (Asia) Limited | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
HSBC Institutional Trust Services (Bermuda) Limited | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
HSBC Institutional Trust Services (Ireland) DAC | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
HSBC Institutional Trust Services (Ireland) DAC | HSBC Holdings | |
Disclosure of subsidiaries [line items] | |
Group interest percent | (99.99%) |
HSBC Institutional Trust Services (Mauritius) Limited | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
HSBC Institutional Trust Services (Singapore) Limited | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
HSBC Insurance (Asia) Limited | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
HSBC Insurance (Asia-Pacific) Holdings Limited | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
HSBC Insurance (Bermuda) Limited | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
HSBC Insurance (Singapore) Pte. Limited | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
HSBC Insurance Agency (USA) Inc. | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
HSBC Insurance Brokers (Philippines) Inc | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
HSBC Insurance Brokers (Philippines) Inc | HSBC Holdings | |
Disclosure of subsidiaries [line items] | |
Group interest percent | (99.99%) |
HSBC Insurance Holdings Limited | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
HSBC Insurance Management Services Limited (in liquidation) | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
HSBC Insurance Services (Lebanon) S.A.L. (in liquidation) | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 97.70% |
HSBC Insurance Services Holdings Limited | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
HSBC International Finance Corporation (Delaware) | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
HSBC International Holdings (Jersey) Limited (in liquidation) | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
HSBC International Limited (in liquidation) | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
HSBC International Nominees Limited (in liquidation) | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
HSBC International Trustee (BVI) Limited | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
HSBC International Trustee (Holdings) Pte. Limited | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
HSBC International Trustee Limited | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
HSBC Inversiones S.A. | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 99.99% |
HSBC Inversiones y Servicios Financieros Limitada (in liquidation) | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
HSBC Inversiones y Servicios Financieros Limitada (in liquidation) | HSBC Holdings | |
Disclosure of subsidiaries [line items] | |
Group interest percent | (99.99%) |
HSBC InvestDirect (India) Limited | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 99.99% |
HSBC InvestDirect (India) Limited | HSBC Holdings | |
Disclosure of subsidiaries [line items] | |
Group interest percent | (99.54%) |
HSBC InvestDirect Financial Services (India) Limited | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
HSBC InvestDirect Financial Services (India) Limited | HSBC Holdings | |
Disclosure of subsidiaries [line items] | |
Group interest percent | (99.54%) |
HSBC InvestDirect Sales & Marketing (India) Limited | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 99.99% |
HSBC InvestDirect Sales & Marketing (India) Limited | HSBC Holdings | |
Disclosure of subsidiaries [line items] | |
Group interest percent | (98.54%) |
HSBC InvestDirect Securities (India) Private Limited | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 99.99% |
HSBC InvestDirect Securities (India) Private Limited | HSBC Holdings | |
Disclosure of subsidiaries [line items] | |
Group interest percent | (99.61%) |
HSBC Investment Bank Holdings B.V. | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
HSBC Investment Bank Holdings Limited | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
HSBC Investment Company (Egypt) S.A.E (in liquidation) | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
HSBC Investment Company (Egypt) S.A.E (in liquidation) | HSBC Holdings | |
Disclosure of subsidiaries [line items] | |
Group interest percent | (94.54%) |
HSBC Investment Funds (Canada) Inc. | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
HSBC Investment Funds (Hong Kong) Limited | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
HSBC Investment Funds (Luxembourg) SA | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
HSBC Invoice Finance (UK) Limited | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
HSBC Iris Investments (Mauritius) Ltd (in liquidation) | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
HSBC Issuer Services Common Depositary Nominee (UK) Limited | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
HSBC Issuer Services Depositary Nominee (UK) Limited | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
HSBC Latin America B.V. | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
HSBC Latin America Holdings (UK) Limited | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
HSBC Leasing (Asia) Limited | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
HSBC Leasing (France) | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
HSBC Leasing (France) | HSBC Holdings | |
Disclosure of subsidiaries [line items] | |
Group interest percent | (99.99%) |
HSBC Life (International) Limited | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
HSBC Life (International) Limited | HSBC Holdings | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
HSBC Life (Property) Limited | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
HSBC Life (UK) Limited | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
HSBC Life Assurance (Malta) Limited | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
HSBC Life Assurance (Malta) Limited | HSBC Holdings | |
Disclosure of subsidiaries [line items] | |
Group interest percent | (70.03%) |
HSBC Life Insurance Company Limited | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 50.00% |
HSBC Lodge Funding (UK) Holdings (active proposal to strike off) | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
HSBC LU Nominees Limited | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
HSBC Management (Guernsey) Limited | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
HSBC Markets (USA) Inc. | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
HSBC Marking Name Nominee (UK) Limited | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
HSBC Mexico, S.A., Institucion de Banca Multiple, Grupo Financiero HSBC | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
HSBC Mexico, S.A., Institucion de Banca Multiple, Grupo Financiero HSBC | HSBC Holdings | |
Disclosure of subsidiaries [line items] | |
Group interest percent | (99.99%) |
HSBC Middle East Finance Company Limited | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 80.00% |
HSBC Middle East Holdings B.V. | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
HSBC Middle East Securities L.L.C | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 49.00% |
HSBC Mortgage Corporation (Canada) | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
HSBC Mortgage Corporation (USA) | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
HSBC Nominees (Asing) Sdn Bhd | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
HSBC Nominees (Hong Kong) Limited | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
HSBC Nominees (New Zealand) Limited | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
HSBC Nominees (Tempatan) Sdn Bhd | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
HSBC North America Holdings Inc. | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
HSBC Odeme Sistemleri Bilgisayar Teknolojileri Basin Yayin Ve Musteri Hizmetleri | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 99.99% |
HSBC Overseas Holdings (UK) Limited | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
HSBC Overseas Investments Corporation (New York) | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
HSBC Overseas Nominee (UK) Limited | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
HSBC Participaciones (Argentina) S.A. | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
HSBC Participaciones (Argentina) S.A. | HSBC Holdings | |
Disclosure of subsidiaries [line items] | |
Group interest percent | (99.99%) |
HSBC PB Corporate Services 1 Limited | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
HSBC PB Services (Suisse) SA | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
HSBC Pension Trust (Ireland) DAC | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
HSBC Pensiones, S.A. | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 99.99% |
HSBC PI Holdings (Mauritius) Limited | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
HSBC Portfoy Yonetimi A.S. | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
HSBC Portfoy Yonetimi A.S. | HSBC Holdings | |
Disclosure of subsidiaries [line items] | |
Group interest percent | (99.98%) |
HSBC Preferential LP (UK) | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
HSBC Private Bank (C.I.) Limited | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
HSBC Private Bank (Luxembourg) S.A. | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
HSBC Private Bank (Monaco) SA | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 99.99% |
HSBC Private Bank (Suisse) SA | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
HSBC Private Bank (UK) Limited | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
HSBC Private Bank International | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
HSBC Private Banking Holdings (Suisse) SA | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
HSBC Private Banking Nominee 3 (Jersey) Limited | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
HSBC Private Equity Investments (UK) Limited | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
HSBC Private Trustee (Hong Kong) Limited | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
HSBC Private Wealth Services (Canada) Inc. | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
HSBC Professional Services (India) Private Limited | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 98.61% |
HSBC Property (UK) Limited | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
HSBC Property Funds (Holding) Limited | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
HSBC Provident Fund Trustee (Hong Kong) Limited | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
HSBC Qianhai Securities Limited | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
HSBC Qianhai Securities Limited | HSBC Holdings | |
Disclosure of subsidiaries [line items] | |
Group interest percent | (51.00%) |
HSBC Rail (UK) Limited (in liquidation) | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
HSBC Real Estate Leasing (France) | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 99.00% |
HSBC Realty Credit Corporation (USA) | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
HSBC REIM (France) | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
HSBC REIM (France) | HSBC Holdings | |
Disclosure of subsidiaries [line items] | |
Group interest percent | (99.99%) |
HSBC Representative Office (Nigeria) Limited | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
HSBC Retirement Benefits Trustee (UK) Limited | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
HSBC Retirement Services Limited | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
HSBC Savings Bank (Philippines) Inc. | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 99.99% |
HSBC Securities (Asia) Limited | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
HSBC Securities (Canada) Inc. | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
HSBC Securities (Egypt) S.A.E. | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
HSBC Securities (Egypt) S.A.E. | HSBC Holdings | |
Disclosure of subsidiaries [line items] | |
Group interest percent | (94.54%) |
HSBC Securities (Japan) Limited | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
HSBC Securities (Philippines) Inc. | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 99.99% |
HSBC Securities (Singapore) Pte Limited | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
HSBC Securities (South Africa) (Pty) Limited | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
HSBC Securities (Taiwan) Corporation Limited | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
HSBC Securities (USA) Inc. | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
HSBC Securities and Capital Markets (India) Private Limited | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 99.99% |
HSBC Securities Asia International Nominees Limited | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
HSBC Securities Asia Nominees Limited | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
HSBC Securities Brokers (Asia) Limited | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
HSBC Securities Investments (Asia) Limited | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
HSBC Securities Services (Bermuda) Limited | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
HSBC Securities Services (Guernsey) Limited | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
HSBC Securities Services (Ireland) DAC | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
HSBC Securities Services (Luxembourg) S.A. | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
HSBC Securities Services Holding Limited | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
HSBC Securities Services Holdings (Ireland) DAC | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
HSBC Seguros de Retiro (Argentina) S.A. | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
HSBC Seguros de Retiro (Argentina) S.A. | HSBC Holdings | |
Disclosure of subsidiaries [line items] | |
Group interest percent | (99.99%) |
HSBC Seguros de Vida (Argentina) S.A. | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
HSBC Seguros de Vida (Argentina) S.A. | HSBC Holdings | |
Disclosure of subsidiaries [line items] | |
Group interest percent | (99.99%) |
HSBC Seguros, S.A de C.V., Grupo Financiero HSBC | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 99.99% |
HSBC Service Delivery (Polska) Sp. z o.o. | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
HSBC Services (France) | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 99.99% |
HSBC Services Japan Limited | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
HSBC Services USA Inc. | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
HSBC Servicios Financieros, S.A. de C.V | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 99.99% |
HSBC Servicios, S.A. DE C.V., Grupo Financiero HSBC | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 99.99% |
HSBC SFH (France) | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 99.99% |
HSBC Software Development (Canada) Inc | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
HSBC Software Development (Guangdong) Limited | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
HSBC Software Development (India) Private Limited | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
HSBC Software Development (Malaysia) Sdn Bhd | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
HSBC Specialist Investments Limited | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
HSBC Stockbrokers Nominee (UK) Limited | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
HSBC Technology & Services (China) Limited | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
HSBC Technology & Services (USA) Inc. | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
HSBC Transaction Services GmbH | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
HSBC Transaction Services GmbH | HSBC Holdings | |
Disclosure of subsidiaries [line items] | |
Group interest percent | (80.67%) |
HSBC Trinkaus & Burkhardt (International) S.A. | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
HSBC Trinkaus & Burkhardt (International) S.A. | HSBC Holdings | |
Disclosure of subsidiaries [line items] | |
Group interest percent | (80.67%) |
HSBC Trinkaus & Burkhardt AG | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 80.67% |
HSBC Trinkaus & Burkhardt AG | HSBC Holdings | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 80.67% |
HSBC Trinkaus & Burkhardt Gesellschaft fur Bankbeteiligungen mbH | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
HSBC Trinkaus & Burkhardt Gesellschaft fur Bankbeteiligungen mbH | HSBC Holdings | |
Disclosure of subsidiaries [line items] | |
Group interest percent | (80.67%) |
HSBC Trinkaus Europa Immobilien-Fonds Nr. 5 GmbH | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
HSBC Trinkaus Europa Immobilien-Fonds Nr. 5 GmbH | HSBC Holdings | |
Disclosure of subsidiaries [line items] | |
Group interest percent | (80.67%) |
HSBC Trinkaus Family Office GmbH | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
HSBC Trinkaus Family Office GmbH | HSBC Holdings | |
Disclosure of subsidiaries [line items] | |
Group interest percent | (80.67%) |
HSBC Trinkaus Immobilien Beteiligungs KG | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
HSBC Trinkaus Immobilien Beteiligungs KG | HSBC Holdings | |
Disclosure of subsidiaries [line items] | |
Group interest percent | (80.67%) |
HSBC Trinkaus Real Estate GmbH | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
HSBC Trinkaus Real Estate GmbH | HSBC Holdings | |
Disclosure of subsidiaries [line items] | |
Group interest percent | (80.67%) |
HSBC Trust Company (Canada) | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
HSBC Trust Company (Delaware), National Association | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
HSBC Trust Company (UK) Limited | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
HSBC Trust Company AG | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
HSBC Trustee (C.I.) Limited | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
HSBC Trustee (Cayman) Limited | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
HSBC Trustee (Guernsey) Limited | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
HSBC Trustee (Hong Kong) Limited | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
HSBC Trustee (Mauritius) Limited (in liquidation) | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
HSBC Trustee (Singapore) Limited | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
HSBC UK Bank plc | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
HSBC UK Bank plc | HSBC Holdings | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
HSBC UK Client Nominee Limited | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
HSBC UK Holdings Limited | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
HSBC USA Inc. | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
HSBC Violet Investments (Mauritius) Limited | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
HSBC Wealth Client Nominee Limited | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
HSBC Yatirim Menkul Degerler A.S. | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 99.98% |
HSI Asset Securitization Corporation | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
HSI International Limited | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
HSI International Limited | HSBC Holdings | |
Disclosure of subsidiaries [line items] | |
Group interest percent | (62.14%) |
HSIL Investments Limited | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
Hubei Macheng HSBC Rural Bank Company Limited | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
Hubei Suizhou Cengdu HSBC Rural Bank Company Limited | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
Hubei Tianmen HSBC Rural Bank Company Limited | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
Hunan Pingjiang HSBC Rural Bank Company Limited | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
Imenson Limited | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
Imenson Limited | HSBC Holdings | |
Disclosure of subsidiaries [line items] | |
Group interest percent | (62.14%) |
INKA Internationale Kapitalanlagegesellschaft mbH | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
INKA Internationale Kapitalanlagegesellschaft mbH | HSBC Holdings | |
Disclosure of subsidiaries [line items] | |
Group interest percent | (80.67%) |
Inmobiliaria Banci, S.A. de C.V. | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
Inmobiliaria Banci, S.A. de C.V. | HSBC Holdings | |
Disclosure of subsidiaries [line items] | |
Group interest percent | (98.91%) |
Inmobiliaria Bisa, S.A. de C.V. | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
Inmobiliaria Bisa, S.A. de C.V. | HSBC Holdings | |
Disclosure of subsidiaries [line items] | |
Group interest percent | (99.99%) |
Inmobiliaria Grufin, S.A. de C.V. | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
Inmobiliaria Grufin, S.A. de C.V. | HSBC Holdings | |
Disclosure of subsidiaries [line items] | |
Group interest percent | (99.99%) |
Inmobiliaria Guatusi, S.A. de C.V. | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
Inmobiliaria Guatusi, S.A. de C.V. | HSBC Holdings | |
Disclosure of subsidiaries [line items] | |
Group interest percent | (99.99%) |
IRERE Property Investments (French Offices) Sarl (in liquidation) | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
James Capel & Co. Limited | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
James Capel (Channel Islands) Nominees Limited (in liquidation) | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
James Capel (Nominees) Limited | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
James Capel (Second Nominees) Limited (in liquidation) | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
James Capel (Taiwan) Nominees Limited | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
Jasmine22 Limited | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
John Lewis Financial Services Limited | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
Keyser Ullmann Limited | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
Keyser Ullmann Limited | HSBC Holdings | |
Disclosure of subsidiaries [line items] | |
Group interest percent | (99.99%) |
Kings Meadow Nominees Limited (in liquidation) | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
Legend Estates Limited (in liquidation) | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
Lion Corporate Services Limited | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
Lion International Corporate Services Limited | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
Lion International Management Limited | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
Lion Management (Hong Kong) Limited | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
Lyndholme Limited | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
Marks and Spencer Financial Services plc | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
Marks and Spencer Retail Financial Services Holdings Limited (in liquidation) | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
Marks and Spencer Savings and Investments Limited | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
Marks and Spencer Unit Trust Management Limited | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
Maxima S.A. AFJP (in liquidation) | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
Maxima S.A. AFJP (in liquidation) | HSBC Holdings | |
Disclosure of subsidiaries [line items] | |
Group interest percent | (99.98%) |
Mercantile Company Limited | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
Mexicana de Fomento, S.A. de C.V. | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 99.90% |
Midcorp Limited | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
Midland Bank (Branch Nominees) Limited | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
Midland Nominees Limited | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
MIL (Cayman) Limited | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
MIL (Jersey) Limited | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
MW Gestion SA | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
Promocion en Bienes Raices, S.A. de C.V. | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 99.99% |
Promocion en Bienes Raices, S.A. de C.V. | HSBC Holdings | |
Disclosure of subsidiaries [line items] | |
Group interest percent | (99.19%) |
Prudential Client HSBC GIS Nominee (UK) Limited | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
PT Bank HSBC Indonesia | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
PT Bank HSBC Indonesia | HSBC Holdings | |
Disclosure of subsidiaries [line items] | |
Group interest percent | (98.93%) |
PT HSBC Securities Indonesia | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
PT HSBC Securities Indonesia | HSBC Holdings | |
Disclosure of subsidiaries [line items] | |
Group interest percent | (85.00%) |
R/CLIP Corp. | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
Real Estate Collateral Management Company | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
Republic Nominees Limited | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
Republic Overseas Capital Corporation | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
RLUKREF Nominees (UK) One Limited | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
RLUKREF Nominees (UK) Two Limited | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
S.A.P.C. – Ufipro Recouvrement | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 99.97% |
Saf Baiyun | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
Saf Baiyun | HSBC Holdings | |
Disclosure of subsidiaries [line items] | |
Group interest percent | (99.99%) |
Saf Chang Jiang | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
Saf Chang Jiang | HSBC Holdings | |
Disclosure of subsidiaries [line items] | |
Group interest percent | (99.99%) |
Saf Guangzhou | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
Saf Guangzhou | HSBC Holdings | |
Disclosure of subsidiaries [line items] | |
Group interest percent | (99.99%) |
Saf Zhu Jiang | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
Saf Zhu Jiang | HSBC Holdings | |
Disclosure of subsidiaries [line items] | |
Group interest percent | (99.99%) |
Saf Zhu Jiang Jiu | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
Saf Zhu Jiang Jiu | HSBC Holdings | |
Disclosure of subsidiaries [line items] | |
Group interest percent | (99.99%) |
Saf Zhu Jiang Shi Ba | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
Saf Zhu Jiang Shi Ba | HSBC Holdings | |
Disclosure of subsidiaries [line items] | |
Group interest percent | (99.99%) |
Saf Zhu Jiang Shi Er | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
Saf Zhu Jiang Shi Er | HSBC Holdings | |
Disclosure of subsidiaries [line items] | |
Group interest percent | (99.99%) |
Saf Zhu Jiang Shi Jiu | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
Saf Zhu Jiang Shi Jiu | HSBC Holdings | |
Disclosure of subsidiaries [line items] | |
Group interest percent | (99.99%) |
Saf Zhu Jiang Shi Liu | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
Saf Zhu Jiang Shi Liu | HSBC Holdings | |
Disclosure of subsidiaries [line items] | |
Group interest percent | (99.99%) |
Saf Zhu Jiang Shi Qi | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
Saf Zhu Jiang Shi Qi | HSBC Holdings | |
Disclosure of subsidiaries [line items] | |
Group interest percent | (99.99%) |
Saf Zhu Jiang Shi Wu | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
Saf Zhu Jiang Shi Wu | HSBC Holdings | |
Disclosure of subsidiaries [line items] | |
Group interest percent | (99.99%) |
SAS Bosquet-Audrain | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
SAS Bosquet-Audrain | HSBC Holdings | |
Disclosure of subsidiaries [line items] | |
Group interest percent | (94.90%) |
SAS Cyatheas Pasteur | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
SAS Cyatheas Pasteur | HSBC Holdings | |
Disclosure of subsidiaries [line items] | |
Group interest percent | (94.93%) |
SAS Orona | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
SAS Orona | HSBC Holdings | |
Disclosure of subsidiaries [line items] | |
Group interest percent | (94.92%) |
SCI HSBC Assurances Immo | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
SCI HSBC Assurances Immo | HSBC Holdings | |
Disclosure of subsidiaries [line items] | |
Group interest percent | (99.99%) |
SFM | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 99.99% |
SFSS Nominees (Pty) Limited | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
Shandong Rongcheng HSBC Rural Bank Company Limited | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
Sico Limited | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
SNC Dorique | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
SNC Dorique | HSBC Holdings | |
Disclosure of subsidiaries [line items] | |
Group interest percent | (99.99%) |
SNC Kerouan | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
SNC Kerouan | HSBC Holdings | |
Disclosure of subsidiaries [line items] | |
Group interest percent | (99.99%) |
SNC Les Mercuriales | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
SNC Les Mercuriales | HSBC Holdings | |
Disclosure of subsidiaries [line items] | |
Group interest percent | (99.99%) |
SNC Les Oliviers D’Antibes | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 60.00% |
SNC Makala | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
SNC Makala | HSBC Holdings | |
Disclosure of subsidiaries [line items] | |
Group interest percent | (99.99%) |
SNC Nuku-Hiva Bail | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
SNC Nuku-Hiva Bail | HSBC Holdings | |
Disclosure of subsidiaries [line items] | |
Group interest percent | (99.99%) |
SNCB/M6 - 2008 A | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
SNCB/M6 - 2008 A | HSBC Holdings | |
Disclosure of subsidiaries [line items] | |
Group interest percent | (99.99%) |
SNCB/M6-2007 A | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
SNCB/M6-2007 A | HSBC Holdings | |
Disclosure of subsidiaries [line items] | |
Group interest percent | (99.99%) |
SNCB/M6-2007 B | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
SNCB/M6-2007 B | HSBC Holdings | |
Disclosure of subsidiaries [line items] | |
Group interest percent | (99.99%) |
Societe CCF Finance Moyen-Orient S.A.L. (in liquidation) | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 99.64% |
Societe CCF Finance Moyen-Orient S.A.L. (in liquidation) | HSBC Holdings | |
Disclosure of subsidiaries [line items] | |
Group interest percent | (99.08%) |
Société Financière et Mobilière | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
Société Financière et Mobilière | HSBC Holdings | |
Disclosure of subsidiaries [line items] | |
Group interest percent | (99.99%) |
Societe Immobiliere Atlas S.A. | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
Somers Dublin DAC | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
Somers Dublin DAC | HSBC Holdings | |
Disclosure of subsidiaries [line items] | |
Group interest percent | (99.99%) |
Somers Nominees (Far East) Limited | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
Sopingest | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
Sopingest | HSBC Holdings | |
Disclosure of subsidiaries [line items] | |
Group interest percent | (99.99%) |
South Yorkshire Light Rail Limited | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
St Cross Trustees Limited | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
Sun Hung Kai Development (Lujiazui III) Limited | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
Swan National Leasing (Commercials) Limited | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
Swan National Limited | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
Thasosfin | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
Thasosfin | HSBC Holdings | |
Disclosure of subsidiaries [line items] | |
Group interest percent | (99.99%) |
The Hongkong and Shanghai Banking Corporation Limited | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
The Hongkong and Shanghai Banking Corporation Limited | HSBC Holdings | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
The Venture Catalysts Limited | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
Timberlink Settlement Services (USA) Inc. | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
Tooley Street View Limited | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
Tower Investment Management | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
Trinkaus Australien Immobilien Fonds Nr. 1 Brisbane GmbH & Co. KG | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
Trinkaus Australien Immobilien Fonds Nr. 1 Brisbane GmbH & Co. KG | HSBC Holdings | |
Disclosure of subsidiaries [line items] | |
Group interest percent | (80.67%) |
Trinkaus Australien Immobilien-Fonds Nr. 1 Treuhand-GmbH | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
Trinkaus Australien Immobilien-Fonds Nr. 1 Treuhand-GmbH | HSBC Holdings | |
Disclosure of subsidiaries [line items] | |
Group interest percent | (80.67%) |
Trinkaus Europa Immobilien-Fonds Nr.3 Objekt Utrecht Verwaltungs-GmbH | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
Trinkaus Europa Immobilien-Fonds Nr.3 Objekt Utrecht Verwaltungs-GmbH | HSBC Holdings | |
Disclosure of subsidiaries [line items] | |
Group interest percent | (80.67%) |
Trinkaus Immobilien-Fonds Geschaeftsfuehrungs-GmbH | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
Trinkaus Immobilien-Fonds Geschaeftsfuehrungs-GmbH | HSBC Holdings | |
Disclosure of subsidiaries [line items] | |
Group interest percent | (80.67%) |
Trinkaus Immobilien-Fonds Verwaltungs-GmbH | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
Trinkaus Immobilien-Fonds Verwaltungs-GmbH | HSBC Holdings | |
Disclosure of subsidiaries [line items] | |
Group interest percent | (80.67%) |
Trinkaus Private Equity Management GmbH | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
Trinkaus Private Equity Management GmbH | HSBC Holdings | |
Disclosure of subsidiaries [line items] | |
Group interest percent | (80.67%) |
Trinkaus Private Equity Verwaltungs GmbH | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
Trinkaus Private Equity Verwaltungs GmbH | HSBC Holdings | |
Disclosure of subsidiaries [line items] | |
Group interest percent | (80.67%) |
Tropical Nominees Limited | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
Turnsonic (Nominees) Limited | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
Vadep Holding AG (in liquidation) | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
Valeurs Mobilières Elysées | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
Valeurs Mobilières Elysées | HSBC Holdings | |
Disclosure of subsidiaries [line items] | |
Group interest percent | (99.99%) |
Wardley Limited | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
Wayfoong Credit Limited (in liquidation) | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
Wayfoong Finance Limited (in liquidation) | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
Wayfoong Nominees Limited | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
Wayhong (Bahamas) Limited | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
Woodex Limited | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
Yan Nin Development Company Limited | |
Disclosure of subsidiaries [line items] | |
Group interest percent | 100.00% |
Yan Nin Development Company Limited | HSBC Holdings | |
Disclosure of subsidiaries [line items] | |
Group interest percent | (62.14%) |
Strategic Report - Global Busin
Strategic Report - Global Businesses Highlights (Details) $ / shares in Units, customer in Millions, $ in Millions | 12 Months Ended | ||
Dec. 31, 2018USD ($)countryclientcustomerfunction$ / shares | Dec. 31, 2017USD ($)$ / shares | Dec. 31, 2016USD ($)$ / shares | |
Disclosure of operating segments [line items] | |||
Number of global functions | function | 11 | ||
Profit before tax | $ 19,890 | $ 17,167 | $ 7,112 |
Return on equity | 8.60% | ||
Adjusted jaws ratio | (1.20%) | ||
Dividends per ordinary share in respect of 2018 (in USD per share) | $ / shares | $ 0.51 | $ 0.51 | $ 0.51 |
Operating Segments, Including Adjustments | |||
Disclosure of operating segments [line items] | |||
Profit before tax | $ 21,719 | $ 21,133 | $ 18,906 |
Risk-weighted assets | $ 864,504 | 845,680 | 855,148 |
Retail Banking And Wealth Management | |||
Disclosure of operating segments [line items] | |||
Number of customers | customer | 38 | ||
Retail Banking And Wealth Management | Operating Segments, Including Adjustments | |||
Disclosure of operating segments [line items] | |||
Profit before tax | $ 7,080 | 6,479 | 5,258 |
Risk-weighted assets | $ 126,865 | 118,131 | 111,617 |
Commercial Banking | |||
Disclosure of operating segments [line items] | |||
Number of customers | customer | 1.5 | ||
Number of countries in which entity operates | country | 53 | ||
Commercial Banking | Operating Segments, Including Adjustments | |||
Disclosure of operating segments [line items] | |||
Profit before tax | $ 7,669 | 6,829 | 5,923 |
Risk-weighted assets | $ 321,244 | 289,824 | 276,705 |
Global Banking and Markets | |||
Disclosure of operating segments [line items] | |||
Number of clients | client | 4,100 | ||
Number of countries in which entity operates | country | 50 | ||
Global Banking and Markets | Operating Segments, Including Adjustments | |||
Disclosure of operating segments [line items] | |||
Profit before tax | $ 6,078 | 5,848 | 5,500 |
Risk-weighted assets | 281,021 | 293,135 | 301,728 |
Global Private Banking | Operating Segments, Including Adjustments | |||
Disclosure of operating segments [line items] | |||
Profit before tax | 344 | 296 | 286 |
Risk-weighted assets | $ 16,824 | $ 15,795 | $ 15,418 |
HSBC Holdings' subsidiaries, _4
HSBC Holdings' subsidiaries, joint ventures and associates - Joint Ventures (Details) | 12 Months Ended |
Dec. 31, 2018 | |
HCM Holdings Limited | |
Disclosure of joint ventures [line items] | |
Group interest percent | 50.99% |
House Network Sdn Bhd | |
Disclosure of joint ventures [line items] | |
Group interest percent | 25.00% |
HSBC Jintrust Fund Management Company Limited | |
Disclosure of joint ventures [line items] | |
Group interest percent | 49.00% |
HSBC Saudi Arabia | |
Disclosure of joint ventures [line items] | |
Group interest percent | 49.00% |
ProServe Bermuda Limited | |
Disclosure of joint ventures [line items] | |
Group interest percent | 50.00% |
sino AG | |
Disclosure of joint ventures [line items] | |
Group interest percent | 24.94% |
Vaultex UK Limited | |
Disclosure of joint ventures [line items] | |
Group interest percent | 50.00% |
HSBC Holdings | HSBC Saudi Arabia | |
Disclosure of joint ventures [line items] | |
Group interest percent | (69.40%) |
HSBC Holdings | sino AG | |
Disclosure of joint ventures [line items] | |
Group interest percent | (20.11%) |
Strategic Report - Retail Banki
Strategic Report - Retail Banking And Wealth Management (Details) transaction in Millions, customer in Millions | 8 Months Ended | 12 Months Ended | ||
Dec. 31, 2018download | Dec. 31, 2018USD ($)transactioncustomer | Dec. 31, 2017USD ($) | Dec. 31, 2016USD ($) | |
Disclosure of operating segments [line items] | ||||
Profit before tax | $ 19,890,000,000 | $ 17,167,000,000 | $ 7,112,000,000 | |
Revenue | 53,780,000,000 | 51,445,000,000 | 47,966,000,000 | |
Impairment loss (reversal of impairment loss) | 1,767,000,000 | 1,769,000,000 | 3,400,000,000 | |
Operating expense | 34,659,000,000 | 34,884,000,000 | 39,808,000,000 | |
Connected Money app | ||||
Disclosure of operating segments [line items] | ||||
Number of application downloads (more than) | download | 200,000 | |||
Operating Segments, Including Adjustments And Elimination Of Intersegment Amounts | ||||
Disclosure of operating segments [line items] | ||||
Profit before tax | 21,719,000,000 | 21,133,000,000 | 18,906,000,000 | |
Revenue | 53,940,000,000 | 51,661,000,000 | 49,260,000,000 | |
Impairment loss (reversal of impairment loss) | 1,767,000,000 | 1,713,000,000 | 2,572,000,000 | |
Operating expense | 32,990,000,000 | 31,231,000,000 | 30,147,000,000 | |
Operating Segments, Including Adjustments | ||||
Disclosure of operating segments [line items] | ||||
Profit before tax | 21,719,000,000 | 21,133,000,000 | 18,906,000,000 | |
Revenue | 53,940,000,000 | 51,661,000,000 | 49,260,000,000 | |
Operating expense | $ 32,990,000,000 | 31,231,000,000 | 30,147,000,000 | |
Retail Banking And Wealth Management | ||||
Disclosure of operating segments [line items] | ||||
Increase in number of customers | customer | 1.2 | |||
Increase in mortgage book | $ 20,000,000,000 | |||
Increase in credit card issuances, percentage | 24.00% | |||
Retail Banking And Wealth Management | PayMe App | ||||
Disclosure of operating segments [line items] | ||||
Number of transactions processed per month | transaction | 3 | |||
Retail Banking And Wealth Management | Operating Segments, Including Adjustments And Elimination Of Intersegment Amounts | ||||
Disclosure of operating segments [line items] | ||||
Profit before tax | $ 7,100,000,000 | 6,500,000,000 | 5,300,000,000 | |
Increase (decrease) in profit (loss) before tax | $ 600,000,000 | |||
Increase (decrease) in profit (loss) before tax, percent | 9.00% | |||
Revenue | $ 21,935,000,000 | 20,220,000,000 | 18,483,000,000 | |
Increase (decrease) in revenue/net operating income | $ 1,715,000,000 | |||
Increase (decrease) in revenue/net operating income, percent | 8.00% | |||
Impairment loss (reversal of impairment loss) | $ 1,177,000,000 | $ 969,000,000 | $ 1,101,000,000 | |
Operating expense | 13,700,000,000 | |||
Increase (decrease) in operating expenses | $ 900,000,000 | |||
Increase (decrease) in operating expenses, percent | 7.00% | |||
Increase (Decrease) In Investments In Operating Activities | $ 600,000,000 | |||
Increase (decrease) in investment in marketing and digital capabilities | 400,000,000 | |||
Increase (decrease) in staff costs | $ 100,000,000 | |||
Return on risk-weighted assets | 5.80% | 6.00% | 5.00% | |
RoTE excluding significant items and UK bank levy (%) | 21.00% | 22.00% | 16.00% | |
Retail Banking And Wealth Management | Operating Segments, Including Adjustments | ||||
Disclosure of operating segments [line items] | ||||
Profit before tax | $ 7,080,000,000 | $ 6,479,000,000 | $ 5,258,000,000 | |
Revenue | $ 17,270,000,000 | 17,024,000,000 | 16,050,000,000 | |
Percentage of portfolio impaired | 0.34% | 0.34% | ||
Impairment loss (reversal of impairment loss) | 1,000,000,000 | |||
Operating expense | $ 13,711,000,000 | 12,786,000,000 | 12,144,000,000 | |
Retail Banking | Retail Banking And Wealth Management | Operating Segments, Including Adjustments And Elimination Of Intersegment Amounts | ||||
Disclosure of operating segments [line items] | ||||
Revenue | 15,262,000,000 | 13,456,000,000 | 12,690,000,000 | |
Increase (decrease) in revenue/net operating income | $ 1,806,000,000 | |||
Increase (decrease) in revenue/net operating income, percent | 13.00% | |||
Increase in customer deposits | $ 21,000,000,000 | |||
Increase (decrease) in customer deposits, percent | 3.00% | |||
Increase (decrease) in lending balance | $ 31,000,000,000 | |||
Increase (decrease) in lending balance, percent | 9.00% | |||
Retail Banking | Retail Banking And Wealth Management | Operating Segments, Including Adjustments And Elimination Of Intersegment Amounts | Current accounts, savings and deposits | ||||
Disclosure of operating segments [line items] | ||||
Revenue | $ 8,534,000,000 | 6,296,000,000 | 5,186,000,000 | |
Increase (decrease) in revenue/net operating income | $ 2,238,000,000 | |||
Increase (decrease) in revenue/net operating income, percent | 36.00% | |||
Retail Banking | Retail Banking And Wealth Management | Operating Segments, Including Adjustments And Elimination Of Intersegment Amounts | Personal lending | ||||
Disclosure of operating segments [line items] | ||||
Revenue | $ 6,728,000,000 | 7,160,000,000 | 7,504,000,000 | |
Increase (decrease) in revenue/net operating income | $ (432,000,000) | |||
Increase (decrease) in revenue/net operating income, percent | (6.00%) | |||
Retail Banking | Retail Banking And Wealth Management | Operating Segments, Including Adjustments And Elimination Of Intersegment Amounts | – mortgages | ||||
Disclosure of operating segments [line items] | ||||
Revenue | $ 1,937,000,000 | 2,372,000,000 | 2,585,000,000 | |
Increase (decrease) in revenue/net operating income | $ (435,000,000) | |||
Increase (decrease) in revenue/net operating income, percent | (18.00%) | |||
Retail Banking | Retail Banking And Wealth Management | Operating Segments, Including Adjustments And Elimination Of Intersegment Amounts | – credit cards | ||||
Disclosure of operating segments [line items] | ||||
Revenue | $ 2,880,000,000 | 2,886,000,000 | 3,018,000,000 | |
Increase (decrease) in revenue/net operating income | $ (6,000,000) | |||
Increase (decrease) in revenue/net operating income, percent | 0.00% | |||
Retail Banking | Retail Banking And Wealth Management | Operating Segments, Including Adjustments And Elimination Of Intersegment Amounts | – other personal lending | ||||
Disclosure of operating segments [line items] | ||||
Revenue | $ 1,911,000,000 | 1,902,000,000 | 1,901,000,000 | |
Increase (decrease) in revenue/net operating income | $ 9,000,000 | |||
Increase (decrease) in revenue/net operating income, percent | 0.00% | |||
Wealth Management | Retail Banking And Wealth Management | Operating Segments, Including Adjustments And Elimination Of Intersegment Amounts | ||||
Disclosure of operating segments [line items] | ||||
Revenue | $ 6,104,000,000 | 6,215,000,000 | 5,230,000,000 | |
Increase (decrease) in revenue/net operating income | $ (111,000,000) | |||
Increase (decrease) in revenue/net operating income, percent | (2.00%) | |||
Decrease in revenue due to market impacts from life insurance manufacturing | $ 600,000,000 | |||
Wealth Management | Retail Banking And Wealth Management | Operating Segments, Including Adjustments And Elimination Of Intersegment Amounts | Life insurance manufacturing | ||||
Disclosure of operating segments [line items] | ||||
Revenue | 1,656,000,000 | 1,870,000,000 | 1,362,000,000 | |
Increase (decrease) in revenue/net operating income | $ (214,000,000) | 300,000,000 | ||
Increase (decrease) in revenue/net operating income, percent | (11.00%) | |||
Decrease in revenue due to market impacts from life insurance manufacturing | $ 300,000,000 | |||
Decrease in revenue due to new business written | 200,000,000 | |||
Increase (decrease) through actuarial assumption changes and experience variances | 200,000,000 | |||
Wealth Management | Retail Banking And Wealth Management | Operating Segments, Including Adjustments And Elimination Of Intersegment Amounts | Investment distribution | ||||
Disclosure of operating segments [line items] | ||||
Revenue | 3,383,000,000 | 3,279,000,000 | 2,902,000,000 | |
Increase (decrease) in revenue/net operating income | $ 104,000,000 | |||
Increase (decrease) in revenue/net operating income, percent | 3.00% | |||
Wealth Management | Retail Banking And Wealth Management | Operating Segments, Including Adjustments And Elimination Of Intersegment Amounts | Asset management | ||||
Disclosure of operating segments [line items] | ||||
Revenue | $ 1,065,000,000 | 1,066,000,000 | 966,000,000 | |
Increase (decrease) in revenue/net operating income | $ (1,000,000) | |||
Increase (decrease) in revenue/net operating income, percent | 0.00% | |||
Other | Retail Banking And Wealth Management | Operating Segments, Including Adjustments And Elimination Of Intersegment Amounts | ||||
Disclosure of operating segments [line items] | ||||
Revenue | $ 569,000,000 | $ 549,000,000 | $ 563,000,000 | |
Increase (decrease) in revenue/net operating income | $ 20,000,000 | |||
Increase (decrease) in revenue/net operating income, percent | 4.00% |
HSBC Holdings' subsidiaries, _5
HSBC Holdings' subsidiaries, joint ventures and associates - Associates (Details) | Dec. 31, 2018 | Dec. 31, 2018 |
Bank of Communications Co., Limited | ||
Disclosure of associates [line items] | ||
Group interest percent | 19.03% | 19.03% |
Barrowgate Limited | ||
Disclosure of associates [line items] | ||
Group interest percent | 24.64% | |
BGF Group PLC | ||
Disclosure of associates [line items] | ||
Group interest percent | 24.48% | |
Bud Financial Limited | ||
Disclosure of associates [line items] | ||
Group interest percent | 8.02% | |
Canara HSBC Oriental Bank of Commerce Life Insurance Company Limited | ||
Disclosure of associates [line items] | ||
Group interest percent | 26.00% | |
CFAC Payment Scheme Limited | ||
Disclosure of associates [line items] | ||
Group interest percent | 33.33% | |
Chemi & Cotex (Rwanda) Limited | ||
Disclosure of associates [line items] | ||
Group interest percent | 99.98% | |
Chemi & Cotex Kenya Limited | ||
Disclosure of associates [line items] | ||
Group interest percent | 99.99% | |
Chemi and Cotex Industries Limited | ||
Disclosure of associates [line items] | ||
Group interest percent | 100.00% | |
EPS Company (Hong Kong) Limited | ||
Disclosure of associates [line items] | ||
Group interest percent | 40.58% | |
GZHS Research Co Ltd | ||
Disclosure of associates [line items] | ||
Group interest percent | 33.00% | |
Jeppe Star Limited | ||
Disclosure of associates [line items] | ||
Group interest percent | 100.00% | |
MENA Infrastructure Fund (GP) Ltd | ||
Disclosure of associates [line items] | ||
Group interest percent | 33.33% | |
Northstar Trade Finance Inc. | ||
Disclosure of associates [line items] | ||
Group interest percent | 20.08% | |
Novo Star Limited | ||
Disclosure of associates [line items] | ||
Group interest percent | 33.99% | |
Peregrine Capital (India) Private Limited | ||
Disclosure of associates [line items] | ||
Group interest percent | 33.46% | |
Prisma Medios de Pago S.A. | ||
Disclosure of associates [line items] | ||
Group interest percent | 7.06% | |
Quantexa Limited | ||
Disclosure of associates [line items] | ||
Group interest percent | 10.51% | |
Services Epargne Entreprise | ||
Disclosure of associates [line items] | ||
Group interest percent | 14.35% | |
The Saudi British Bank | ||
Disclosure of associates [line items] | ||
Group interest percent | 40.00% | 40.00% |
Vizolution Limited | ||
Disclosure of associates [line items] | ||
Group interest percent | 17.95% | |
We Trade Innovation Designated Activity Company | ||
Disclosure of associates [line items] | ||
Group interest percent | 8.52% | |
HSBC Holdings | Chemi & Cotex (Rwanda) Limited | ||
Disclosure of associates [line items] | ||
Group interest percent | (33.99%) | |
HSBC Holdings | Chemi & Cotex Kenya Limited | ||
Disclosure of associates [line items] | ||
Group interest percent | (33.99%) | |
HSBC Holdings | Chemi and Cotex Industries Limited | ||
Disclosure of associates [line items] | ||
Group interest percent | (33.99%) | |
HSBC Holdings | GZHS Research Co Ltd | ||
Disclosure of associates [line items] | ||
Group interest percent | (20.50%) | |
HSBC Holdings | Jeppe Star Limited | ||
Disclosure of associates [line items] | ||
Group interest percent | (33.99%) |
Strategic Report - Commerical B
Strategic Report - Commerical Banking (Details) customer in Thousands, client in Thousands | 12 Months Ended | ||
Dec. 31, 2018USD ($)marketcountryclientcustomeraction | Dec. 31, 2017USD ($) | Dec. 31, 2016USD ($) | |
Disclosure of operating segments [line items] | |||
Profit before tax | $ 19,890,000,000 | $ 17,167,000,000 | $ 7,112,000,000 |
Impairment loss (reversal of impairment loss) | 1,767,000,000 | 1,769,000,000 | 3,400,000,000 |
Revenue | 53,780,000,000 | 51,445,000,000 | 47,966,000,000 |
Operating expense | $ 34,659,000,000 | 34,884,000,000 | 39,808,000,000 |
Commercial Banking | |||
Disclosure of operating segments [line items] | |||
Number of customers surveyed | customer | 18 | ||
Number of markets surveyed | market | 40 | ||
Number of actions taken to address feedback given (more than) | action | 100 | ||
Increase in good or better onboarding experience in customer reporting feedback survey | 17.00% | ||
Number of countries in which entity operates | country | 53 | ||
Segment contribution to sustainable finance target | $ 4,000,000,000 | ||
Commercial Banking | HSBCnet | |||
Disclosure of operating segments [line items] | |||
Number of clients | client | 41 | ||
Number of countries in which entity operates | country | 36 | ||
Operating Segments, Including Adjustments And Elimination Of Intersegment Amounts | |||
Disclosure of operating segments [line items] | |||
Profit before tax | $ 21,719,000,000 | 21,133,000,000 | 18,906,000,000 |
Impairment loss (reversal of impairment loss) | 1,767,000,000 | 1,713,000,000 | 2,572,000,000 |
Revenue | 53,940,000,000 | 51,661,000,000 | 49,260,000,000 |
Operating expense | 32,990,000,000 | 31,231,000,000 | 30,147,000,000 |
Operating Segments, Including Adjustments And Elimination Of Intersegment Amounts | Commercial Banking | |||
Disclosure of operating segments [line items] | |||
Profit before tax | 7,700,000,000 | 6,800,000,000 | 5,900,000,000 |
Increase (decrease) in profit (loss) before tax | $ 800,000,000 | ||
Increase (decrease) in profit (loss) before tax, percent | 12.00% | ||
Impairment loss (reversal of impairment loss) | $ 739,000,000 | 465,000,000 | 986,000,000 |
Revenue | 14,885,000,000 | $ 13,247,000,000 | $ 12,656,000,000 |
Increase (decrease) in revenue/net operating income | $ 1,638,000,000 | ||
Increase (decrease) in revenue/net operating income, percent | 12.00% | ||
Increase in corporate customer value from international subsidiary banking proposition | 19.00% | ||
Operating expense | $ 6,500,000,000 | ||
Increase (decrease) in operating expenses | $ 500,000,000 | ||
Increase (decrease) in operating expenses, percent | 9.00% | ||
Increase (decrease) in staff costs | $ 200,000,000 | ||
Increase (decrease) in investment in digital capabilities | $ 100,000,000 | ||
Return on risk-weighted assets | 2.50% | 2.40% | 2.20% |
RoTE excluding significant items and UK bank levy (%) | 14.00% | 14.00% | 13.00% |
Operating Segments, Including Adjustments And Elimination Of Intersegment Amounts | Commercial Banking | Global Trade and Receivables Finance | |||
Disclosure of operating segments [line items] | |||
Revenue | $ 1,865,000,000 | $ 1,821,000,000 | $ 1,833,000,000 |
Increase (decrease) in revenue/net operating income | $ 44,000,000 | ||
Increase (decrease) in revenue/net operating income, percent | 2.00% | ||
Operating Segments, Including Adjustments And Elimination Of Intersegment Amounts | Commercial Banking | Credit and Lending | |||
Disclosure of operating segments [line items] | |||
Revenue | $ 5,342,000,000 | 5,101,000,000 | 5,053,000,000 |
Increase (decrease) in revenue/net operating income | $ 241,000,000 | ||
Increase (decrease) in revenue/net operating income, percent | 5.00% | ||
Operating Segments, Including Adjustments And Elimination Of Intersegment Amounts | Commercial Banking | Global Liquidity and Cash Management | |||
Disclosure of operating segments [line items] | |||
Revenue | $ 5,802,000,000 | 4,775,000,000 | 4,249,000,000 |
Increase (decrease) in revenue/net operating income | $ 1,027,000,000 | ||
Increase (decrease) in revenue/net operating income, percent | 22.00% | ||
Operating Segments, Including Adjustments And Elimination Of Intersegment Amounts | Commercial Banking | Markets products, Insurance and Investments and Other | |||
Disclosure of operating segments [line items] | |||
Revenue | $ 1,876,000,000 | 1,550,000,000 | 1,521,000,000 |
Increase (decrease) in revenue/net operating income | $ 326,000,000 | ||
Increase (decrease) in revenue/net operating income, percent | 21.00% | ||
Operating Segments, Including Adjustments | |||
Disclosure of operating segments [line items] | |||
Profit before tax | $ 21,719,000,000 | 21,133,000,000 | 18,906,000,000 |
Revenue | 53,940,000,000 | 51,661,000,000 | 49,260,000,000 |
Operating expense | 32,990,000,000 | 31,231,000,000 | 30,147,000,000 |
Operating Segments, Including Adjustments | Commercial Banking | |||
Disclosure of operating segments [line items] | |||
Profit before tax | 7,669,000,000 | 6,829,000,000 | 5,923,000,000 |
Impairment loss (reversal of impairment loss) | 500,000,000 | ||
Revenue | 14,652,000,000 | 13,378,000,000 | 12,656,000,000 |
Operating expense | $ 6,477,000,000 | 5,953,000,000 | 5,747,000,000 |
Asia | Operating Segments, Including Adjustments And Elimination Of Intersegment Amounts | Commercial Banking | |||
Disclosure of operating segments [line items] | |||
Increase (decrease) in revenue/net operating income, percent | 18.00% | ||
Hong Kong | |||
Disclosure of operating segments [line items] | |||
Revenue | $ 17,162,000,000 | 14,992,000,000 | 12,864,000,000 |
Hong Kong | Operating Segments, Including Adjustments And Elimination Of Intersegment Amounts | Commercial Banking | |||
Disclosure of operating segments [line items] | |||
Increase (decrease) in revenue/net operating income, percent | 21.00% | ||
China | Operating Segments, Including Adjustments And Elimination Of Intersegment Amounts | Commercial Banking | |||
Disclosure of operating segments [line items] | |||
Increase (decrease) in revenue/net operating income, percent | 22.00% | ||
UK | |||
Disclosure of operating segments [line items] | |||
Revenue | $ 10,340,000,000 | 11,057,000,000 | 9,495,000,000 |
UK | Operating Segments, Including Adjustments And Elimination Of Intersegment Amounts | Commercial Banking | |||
Disclosure of operating segments [line items] | |||
Increase (decrease) in revenue/net operating income, percent | 10.00% | ||
US | |||
Disclosure of operating segments [line items] | |||
Revenue | $ 4,379,000,000 | $ 4,573,000,000 | $ 5,094,000,000 |
US | Operating Segments, Including Adjustments And Elimination Of Intersegment Amounts | Commercial Banking | |||
Disclosure of operating segments [line items] | |||
Increase (decrease) in revenue/net operating income, percent | 7.00% | ||
Canada | Operating Segments, Including Adjustments And Elimination Of Intersegment Amounts | Commercial Banking | |||
Disclosure of operating segments [line items] | |||
Increase (decrease) in revenue/net operating income, percent | 8.00% | ||
Latin America | Operating Segments, Including Adjustments And Elimination Of Intersegment Amounts | Commercial Banking | |||
Disclosure of operating segments [line items] | |||
Increase (decrease) in revenue/net operating income, percent | 20.00% | ||
MENA | Operating Segments, Including Adjustments And Elimination Of Intersegment Amounts | Commercial Banking | |||
Disclosure of operating segments [line items] | |||
Increase (decrease) in revenue/net operating income, percent | 5.00% |
Strategic Report - Global Banki
Strategic Report - Global Banking and Markets (Details) - USD ($) | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Disclosure of operating segments [line items] | |||
Profit before tax | $ 19,890,000,000 | $ 17,167,000,000 | $ 7,112,000,000 |
Impairment loss (reversal of impairment loss) | 1,767,000,000 | 1,769,000,000 | 3,400,000,000 |
Revenue | 53,780,000,000 | 51,445,000,000 | 47,966,000,000 |
Operating Segments, Including Adjustments And Elimination Of Intersegment Amounts | |||
Disclosure of operating segments [line items] | |||
Profit before tax | 21,719,000,000 | 21,133,000,000 | 18,906,000,000 |
Impairment loss (reversal of impairment loss) | 1,767,000,000 | 1,713,000,000 | 2,572,000,000 |
Revenue | $ 53,940,000,000 | 51,661,000,000 | 49,260,000,000 |
Operating Segments, Including Adjustments And Elimination Of Intersegment Amounts | Global Banking and Markets | |||
Disclosure of operating segments [line items] | |||
Decrease in risk weighted assets, percent | 4.00% | ||
Increase (decrease) in revenue/net operating income, percent | 1.00% | ||
Profit before tax | $ 6,100,000,000 | 5,800,000,000 | 5,500,000,000 |
Increase (decrease) in profit (loss) before tax | $ 200,000,000 | ||
Increase (decrease) in profit (loss) before tax, percent | 4.00% | ||
Impairment loss (reversal of impairment loss) | $ (26,000,000) | 446,000,000 | 461,000,000 |
Increase (decrease) in risk-weighted assets | (12,000,000,000) | ||
Increase in savings from management incentives | 30,000,000,000 | ||
Revenue | 15,512,000,000 | $ 15,285,000,000 | $ 14,807,000,000 |
Increase (decrease) in revenue/net operating income | 227,000,000 | ||
Increase (decrease) in operating expenses | $ 500,000,000 | ||
Increase (decrease) in operating expenses, percent | (5.00%) | ||
Return on risk-weighted assets | 2.10% | 2.00% | 1.80% |
RoTE excluding significant items and UK bank levy (%) | 10.50% | 10.60% | 10.20% |
Operating Segments, Including Adjustments And Elimination Of Intersegment Amounts | Global Banking and Markets | Global Markets | |||
Disclosure of operating segments [line items] | |||
Increase (decrease) in revenue/net operating income, percent | (7.00%) | ||
Revenue | $ 6,490,000,000 | $ 7,009,000,000 | $ 6,731,000,000 |
Increase (decrease) in revenue/net operating income | $ (519,000,000) | ||
Operating Segments, Including Adjustments And Elimination Of Intersegment Amounts | Global Banking and Markets | – FICC | |||
Disclosure of operating segments [line items] | |||
Increase (decrease) in revenue/net operating income, percent | (8.00%) | ||
Revenue | $ 5,271,000,000 | 5,714,000,000 | 5,720,000,000 |
Increase (decrease) in revenue/net operating income | $ (443,000,000) | ||
Operating Segments, Including Adjustments And Elimination Of Intersegment Amounts | Global Banking and Markets | Foreign Exchange | |||
Disclosure of operating segments [line items] | |||
Increase (decrease) in revenue/net operating income, percent | 15.00% | ||
Revenue | $ 3,022,000,000 | 2,622,000,000 | 2,777,000,000 |
Increase (decrease) in revenue/net operating income | $ 400,000,000 | ||
Operating Segments, Including Adjustments And Elimination Of Intersegment Amounts | Global Banking and Markets | Rates | |||
Disclosure of operating segments [line items] | |||
Increase (decrease) in revenue/net operating income, percent | (31.00%) | ||
Revenue | $ 1,482,000,000 | 2,147,000,000 | 2,148,000,000 |
Increase (decrease) in revenue/net operating income | $ (665,000,000) | ||
Operating Segments, Including Adjustments And Elimination Of Intersegment Amounts | Global Banking and Markets | Credit | |||
Disclosure of operating segments [line items] | |||
Increase (decrease) in revenue/net operating income, percent | (19.00%) | ||
Revenue | $ 767,000,000 | 945,000,000 | 795,000,000 |
Increase (decrease) in revenue/net operating income | $ (178,000,000) | ||
Operating Segments, Including Adjustments And Elimination Of Intersegment Amounts | Global Banking and Markets | – Equities | |||
Disclosure of operating segments [line items] | |||
Increase (decrease) in revenue/net operating income, percent | (6.00%) | ||
Revenue | $ 1,219,000,000 | 1,295,000,000 | 1,011,000,000 |
Increase (decrease) in revenue/net operating income | $ (76,000,000) | ||
Operating Segments, Including Adjustments And Elimination Of Intersegment Amounts | Global Banking and Markets | Securities Services | |||
Disclosure of operating segments [line items] | |||
Increase (decrease) in revenue/net operating income, percent | 11.00% | ||
Revenue | $ 1,973,000,000 | 1,772,000,000 | 1,577,000,000 |
Increase (decrease) in revenue/net operating income | $ 201,000,000 | ||
Operating Segments, Including Adjustments And Elimination Of Intersegment Amounts | Global Banking and Markets | Global Banking | |||
Disclosure of operating segments [line items] | |||
Increase (decrease) in revenue/net operating income, percent | 2.00% | ||
Revenue | $ 4,115,000,000 | 4,048,000,000 | 3,819,000,000 |
Increase (decrease) in revenue/net operating income | $ 67,000,000 | ||
Operating Segments, Including Adjustments And Elimination Of Intersegment Amounts | Global Banking and Markets | Global Liquidity and Cash Management | |||
Disclosure of operating segments [line items] | |||
Increase (decrease) in revenue/net operating income, percent | 20.00% | ||
Revenue | $ 2,645,000,000 | 2,213,000,000 | 1,884,000,000 |
Increase (decrease) in revenue/net operating income | $ 432,000,000 | ||
Growth percentage | 4.00% | ||
Operating Segments, Including Adjustments And Elimination Of Intersegment Amounts | Global Banking and Markets | Global Trade and Receivables Finance | |||
Disclosure of operating segments [line items] | |||
Increase (decrease) in revenue/net operating income, percent | 7.00% | ||
Revenue | $ 809,000,000 | 757,000,000 | 689,000,000 |
Increase (decrease) in revenue/net operating income | $ 52,000,000 | ||
Operating Segments, Including Adjustments And Elimination Of Intersegment Amounts | Global Banking and Markets | Principal Investments | |||
Disclosure of operating segments [line items] | |||
Increase (decrease) in revenue/net operating income, percent | (31.00%) | ||
Revenue | $ 224,000,000 | 327,000,000 | 221,000,000 |
Increase (decrease) in revenue/net operating income | $ (103,000,000) | ||
Operating Segments, Including Adjustments And Elimination Of Intersegment Amounts | Global Banking and Markets | Credit and funding valuation adjustments | |||
Disclosure of operating segments [line items] | |||
Increase (decrease) in revenue/net operating income, percent | 30.00% | ||
Revenue | $ (183,000,000) | (262,000,000) | (55,000,000) |
Increase (decrease) in revenue/net operating income | $ 79,000,000 | ||
Operating Segments, Including Adjustments And Elimination Of Intersegment Amounts | Global Banking and Markets | Other | |||
Disclosure of operating segments [line items] | |||
Increase (decrease) in revenue/net operating income, percent | 3.00% | ||
Revenue | $ (561,000,000) | (579,000,000) | (59,000,000) |
Increase (decrease) in revenue/net operating income | 18,000,000 | ||
Operating Segments, Including Adjustments | |||
Disclosure of operating segments [line items] | |||
Profit before tax | 21,719,000,000 | 21,133,000,000 | 18,906,000,000 |
Revenue | 53,940,000,000 | 51,661,000,000 | 49,260,000,000 |
Operating Segments, Including Adjustments | Global Banking and Markets | |||
Disclosure of operating segments [line items] | |||
Profit before tax | 6,078,000,000 | 5,848,000,000 | 5,500,000,000 |
Impairment loss (reversal of impairment loss) | 400,000,000 | ||
Revenue | 17,986,000,000 | $ 16,557,000,000 | $ 17,488,000,000 |
Green sukuk bond | Operating Segments, Including Adjustments And Elimination Of Intersegment Amounts | Global Banking and Markets | Securities Services | |||
Disclosure of operating segments [line items] | |||
Bonds issued | $ 1,250,000,000 |
Strategic Report - Global Priva
Strategic Report - Global Private Banking (Details) | 12 Months Ended | ||
Dec. 31, 2018USD ($)employee | Dec. 31, 2017USD ($) | Dec. 31, 2016USD ($) | |
Disclosure of operating segments [line items] | |||
Profit before tax | $ 19,890,000,000 | $ 17,167,000,000 | $ 7,112,000,000 |
Revenue | 53,780,000,000 | 51,445,000,000 | 47,966,000,000 |
Impairment loss (reversal of impairment loss) | 1,767,000,000 | 1,769,000,000 | 3,400,000,000 |
Operating expense | 34,659,000,000 | 34,884,000,000 | 39,808,000,000 |
Operating Segments, Including Adjustments And Elimination Of Intersegment Amounts | |||
Disclosure of operating segments [line items] | |||
Profit before tax | 21,719,000,000 | 21,133,000,000 | 18,906,000,000 |
Revenue | 53,940,000,000 | 51,661,000,000 | 49,260,000,000 |
Impairment loss (reversal of impairment loss) | 1,767,000,000 | 1,713,000,000 | 2,572,000,000 |
Operating expense | $ 32,990,000,000 | 31,231,000,000 | 30,147,000,000 |
Operating Segments, Including Adjustments And Elimination Of Intersegment Amounts | Global Private Banking | |||
Disclosure of operating segments [line items] | |||
Increase in revenue in targeted market, percent | 10.00% | ||
Increase in number of new revenue generating employees | employee | 101 | ||
Net new money inflows | $ 15,000,000,000 | ||
Percentage of net new money inflows from collaboration with other global businesses | 60.00% | ||
Profit before tax | $ 344,000,000 | 296,000,000 | 286,000,000 |
Increase (decrease) in profit (loss) before tax | $ 48,000,000 | ||
Increase (decrease) in profit (loss) before tax, percent | 16.00% | ||
Revenue | $ 1,785,000,000 | 1,723,000,000 | 1,770,000,000 |
Increase (decrease) in revenue/net operating income | $ 62,000,000 | ||
Increase (decrease) in revenue/net operating income, percent | 4.00% | ||
Impairment loss (reversal of impairment loss) | $ (8,000,000) | $ 16,000,000 | $ 0 |
Operating expense | 1,400,000,000 | ||
Increase (decrease) in operating expenses | $ 38,000,000 | ||
Increase (decrease) in operating expenses, percent | 3.00% | ||
Return on risk-weighted assets | 2.10% | 1.90% | 1.70% |
RoTE excluding significant items and UK bank levy (%) | 9.90% | 7.10% | 5.60% |
Operating Segments, Including Adjustments And Elimination Of Intersegment Amounts | Global Private Banking | Investment revenue | |||
Disclosure of operating segments [line items] | |||
Revenue | $ 717,000,000 | $ 700,000,000 | $ 738,000,000 |
Increase (decrease) in revenue/net operating income | $ 17,000,000 | ||
Increase (decrease) in revenue/net operating income, percent | 2.00% | ||
Operating Segments, Including Adjustments And Elimination Of Intersegment Amounts | Global Private Banking | Lending | |||
Disclosure of operating segments [line items] | |||
Revenue | $ 391,000,000 | 393,000,000 | 420,000,000 |
Increase (decrease) in revenue/net operating income | $ (2,000,000) | ||
Increase (decrease) in revenue/net operating income, percent | (1.00%) | ||
Operating Segments, Including Adjustments And Elimination Of Intersegment Amounts | Global Private Banking | Deposit | |||
Disclosure of operating segments [line items] | |||
Revenue | $ 497,000,000 | 404,000,000 | 345,000,000 |
Increase (decrease) in revenue/net operating income | $ 93,000,000 | ||
Increase (decrease) in revenue/net operating income, percent | 23.00% | ||
Operating Segments, Including Adjustments And Elimination Of Intersegment Amounts | Global Private Banking | Other | |||
Disclosure of operating segments [line items] | |||
Revenue | $ 180,000,000 | 226,000,000 | 267,000,000 |
Increase (decrease) in revenue/net operating income | $ (46,000,000) | ||
Increase (decrease) in revenue/net operating income, percent | (20.00%) | ||
Operating Segments, Including Adjustments | |||
Disclosure of operating segments [line items] | |||
Profit before tax | $ 21,719,000,000 | 21,133,000,000 | 18,906,000,000 |
Revenue | 53,940,000,000 | 51,661,000,000 | 49,260,000,000 |
Operating expense | 32,990,000,000 | 31,231,000,000 | 30,147,000,000 |
Operating Segments, Including Adjustments | Global Private Banking | |||
Disclosure of operating segments [line items] | |||
Profit before tax | 344,000,000 | 296,000,000 | 286,000,000 |
Revenue | 1,497,000,000 | 1,453,000,000 | 1,512,000,000 |
Impairment loss (reversal of impairment loss) | 16,000,000 | ||
Operating expense | $ 1,449,000,000 | $ 1,411,000,000 | $ 1,484,000,000 |
Asia | Operating Segments, Including Adjustments And Elimination Of Intersegment Amounts | Global Private Banking | |||
Disclosure of operating segments [line items] | |||
Increase in revenue in targeted market, percent | 18.00% | ||
Increase in number of new revenue generating employees | employee | 71 |
Strategic Report - Corporate Ce
Strategic Report - Corporate Centre (Details) - USD ($) | Dec. 31, 2018 | Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 |
Disclosure of operating segments [line items] | |||||
Profit before tax | $ 19,890,000,000 | $ 17,167,000,000 | $ 7,112,000,000 | ||
Revenue | 53,780,000,000 | 51,445,000,000 | 47,966,000,000 | ||
Impairment loss (reversal of impairment loss) | 1,767,000,000 | 1,769,000,000 | 3,400,000,000 | ||
Operating expense | 34,659,000,000 | 34,884,000,000 | 39,808,000,000 | ||
Operating Segments, Including Adjustments And Elimination Of Intersegment Amounts | |||||
Disclosure of operating segments [line items] | |||||
Profit before tax | 21,719,000,000 | 21,133,000,000 | 18,906,000,000 | ||
Revenue | 53,940,000,000 | 51,661,000,000 | 49,260,000,000 | ||
Impairment loss (reversal of impairment loss) | 1,767,000,000 | 1,713,000,000 | 2,572,000,000 | ||
Operating expense | 32,990,000,000 | 31,231,000,000 | 30,147,000,000 | ||
Operating Segments, Including Adjustments | |||||
Disclosure of operating segments [line items] | |||||
Profit before tax | 21,719,000,000 | 21,133,000,000 | 18,906,000,000 | ||
Revenue | 53,940,000,000 | 51,661,000,000 | 49,260,000,000 | ||
Operating expense | 32,990,000,000 | 31,231,000,000 | 30,147,000,000 | ||
Corporate Centre | Operating Segments, Including Adjustments And Elimination Of Intersegment Amounts | |||||
Disclosure of operating segments [line items] | |||||
Profit before tax | 500,000,000 | ||||
Increase (decrease) in profit (loss) before tax | $ (1,100,000,000) | ||||
Increase (decrease) in profit (loss) before tax, percent | (67.00%) | ||||
Revenue | $ (177,000,000) | 1,186,000,000 | 1,544,000,000 | ||
Increase (decrease) in revenue/net operating income | $ (1,363,000,000) | ||||
Increase (decrease) in revenue/net operating income, percent (greater than 100% for Legacy portfolios) | (115.00%) | ||||
Impairment loss (reversal of impairment loss) | $ (115,000,000) | $ (183,000,000) | $ 24,000,000 | ||
Operating expense | 1,900,000,000 | ||||
Increase (decrease) in operating expenses | $ (200,000,000) | ||||
Increase (decrease) in operating expenses, percent | (9.00%) | ||||
Increase (decrease) in income from associates | $ 101,000,000 | ||||
Increase (decrease) in income from associates, percent | 4.00% | ||||
RoTE excluding significant items and UK bank levy (%) | (5.70%) | (5.20%) | (1.90%) | ||
Corporate Centre | Operating Segments, Including Adjustments | |||||
Disclosure of operating segments [line items] | |||||
Profit before tax | $ 548,000,000 | $ 1,681,000,000 | $ 1,939,000,000 | ||
Revenue | 2,535,000,000 | 3,249,000,000 | 1,554,000,000 | ||
Impairment loss (reversal of impairment loss) | (200,000,000) | ||||
Operating expense | 1,893,000,000 | 2,090,000,000 | 1,926,000,000 | ||
Corporate Centre | Central Treasury | Operating Segments, Including Adjustments And Elimination Of Intersegment Amounts | |||||
Disclosure of operating segments [line items] | |||||
Revenue | 662,000,000 | 1,728,000,000 | 1,706,000,000 | ||
Increase (decrease) in revenue/net operating income | $ (1,066,000,000) | ||||
Increase (decrease) in revenue/net operating income, percent (greater than 100% for Legacy portfolios) | (62.00%) | ||||
Increase (decrease) In interest expense on debt | $ 400,000,000 | ||||
Increase (decrease) in investment yields | (300,000,000) | ||||
Increase (decrease) in the fair value of long-term debt and derivatives | (300,000,000) | 100,000,000 | |||
Loss from swap mark-to-market movement following IFRS 9 bond reclassification | 200,000,000 | ||||
Corporate Centre | Legacy portfolios | Operating Segments, Including Adjustments And Elimination Of Intersegment Amounts | |||||
Disclosure of operating segments [line items] | |||||
Revenue | (93,000,000) | (26,000,000) | 26,000,000 | ||
Increase (decrease) in revenue/net operating income | $ (67,000,000) | ||||
Increase (decrease) in revenue/net operating income, percent (greater than 100% for Legacy portfolios) | 100.00% | ||||
Corporate Centre | Other | Operating Segments, Including Adjustments And Elimination Of Intersegment Amounts | |||||
Disclosure of operating segments [line items] | |||||
Revenue | $ (746,000,000) | $ (516,000,000) | $ (188,000,000) | ||
Increase (decrease) in revenue/net operating income | $ (230,000,000) | ||||
Increase (decrease) in revenue/net operating income, percent (greater than 100% for Legacy portfolios) | (45.00%) | ||||
The Saudi British Bank | |||||
Disclosure of operating segments [line items] | |||||
Proportion of ownership interest in associate | 40.00% | 40.00% | |||
2019 | The Saudi British Bank | |||||
Disclosure of operating segments [line items] | |||||
Proportion of ownership interest in associate | 29.20% |
Strategic Report - Remuneration
Strategic Report - Remuneration (Details) - GBP (£) | 2 Months Ended | 12 Months Ended | |
Feb. 20, 2018 | Dec. 31, 2018 | Dec. 31, 2017 | |
John Flint | |||
Disclosure of transactions between related parties [line items] | |||
Base salary | £ 97,139 | £ 1,028,000 | £ 0 |
Fixed pay allowance | 130,236 | 1,459,000 | 0 |
Cash in lieu of pension | 28,000 | 308,000 | 0 |
Annual incentive | £ 271,000 | 1,665,000 | 0 |
AML DPA Award | 0 | 0 | |
LTI | 0 | 0 | |
Sub-total | 4,460,000 | 0 | |
Taxable benefits | 40,000 | 0 | |
Non-taxable benefits | 28,000 | 0 | |
Notional returns | 54,000 | 0 | |
Total | 4,582,000 | 0 | |
Stuart Gulliver | |||
Disclosure of transactions between related parties [line items] | |||
Base salary | 171,000 | 1,250,000 | |
Fixed pay allowance | 241,000 | 1,700,000 | |
Cash in lieu of pension | 51,000 | 375,000 | |
Annual incentive | 282,000 | 2,127,000 | |
AML DPA Award | 1,530,000 | 0 | |
LTI | 0 | 0 | |
Sub-total | 2,275,000 | 5,452,000 | |
Taxable benefits | 65,000 | 500,000 | |
Non-taxable benefits | 6,000 | 71,000 | |
Notional returns | 41,000 | 63,000 | |
Total | 2,387,000 | 6,086,000 | |
Iain Mackay | |||
Disclosure of transactions between related parties [line items] | |||
Base salary | 700,000 | 700,000 | |
Fixed pay allowance | 950,000 | 950,000 | |
Cash in lieu of pension | 210,000 | 210,000 | |
Annual incentive | 1,088,000 | 1,334,000 | |
AML DPA Award | 1,057,000 | 0 | |
LTI | 0 | 0 | |
Sub-total | 4,005,000 | 3,194,000 | |
Taxable benefits | 80,000 | 64,000 | |
Non-taxable benefits | 44,000 | 37,000 | |
Notional returns | 33,000 | 42,000 | |
Total | 4,162,000 | 3,337,000 | |
Marc Moses | |||
Disclosure of transactions between related parties [line items] | |||
Base salary | 700,000 | 700,000 | |
Fixed pay allowance | 950,000 | 950,000 | |
Cash in lieu of pension | 210,000 | 210,000 | |
Annual incentive | 1,324,000 | 1,358,000 | |
AML DPA Award | 695,000 | 0 | |
LTI | 0 | 0 | |
Sub-total | 3,879,000 | 3,218,000 | |
Taxable benefits | 13,000 | 16,000 | |
Non-taxable benefits | 38,000 | 38,000 | |
Notional returns | 33,000 | 42,000 | |
Total | £ 3,963,000 | £ 3,314,000 |
Report of the Directors - Analy
Report of the Directors - Analysis of adjusted results by global business (Details) | 12 Months Ended | |||||
Dec. 31, 2018USD ($) | Dec. 31, 2017USD ($) | Dec. 31, 2016USD ($) | Jan. 01, 2018USD ($) | [1] | Jan. 01, 2017USD ($) | |
Disclosure of operating segments [line items] | ||||||
Revenue | $ 53,780,000,000 | $ 51,445,000,000 | $ 47,966,000,000 | |||
Net interest income | 30,489,000,000 | 28,176,000,000 | 29,813,000,000 | |||
Loan impairment (charges)/recoveries and other credit risk provisions | (1,767,000,000) | (1,769,000,000) | (3,400,000,000) | |||
Net operating income | 52,013,000,000 | 49,676,000,000 | 44,566,000,000 | |||
Total operating expenses | (34,659,000,000) | (34,884,000,000) | (39,808,000,000) | |||
Operating profit | 17,354,000,000 | 14,792,000,000 | 4,758,000,000 | |||
Share of profit in associates and joint ventures | 2,536,000,000 | 2,375,000,000 | 2,354,000,000 | |||
Profit before tax | 19,890,000,000 | 17,167,000,000 | 7,112,000,000 | |||
Loans and advances to customers (net) | 981,696,000,000 | 962,964,000,000 | 861,504,000,000 | $ 949,737,000,000 | ||
Interests in associates and joint ventures | 22,407,000,000 | 22,744,000,000 | 20,029,000,000 | 21,802,000,000 | $ 20,029,000,000 | |
Total assets | 2,558,124,000,000 | 2,521,771,000,000 | 2,374,986,000,000 | 2,518,430,000,000 | ||
Customer accounts | 1,362,643,000,000 | 1,364,462,000,000 | 1,272,386,000,000 | $ 1,360,227,000,000 | ||
Operating Segments, Including Adjustments And Inter-segment Eliminations | ||||||
Disclosure of operating segments [line items] | ||||||
Revenue | 53,940,000,000 | 51,661,000,000 | 49,260,000,000 | |||
Loan impairment (charges)/recoveries and other credit risk provisions | (1,767,000,000) | (1,713,000,000) | (2,572,000,000) | |||
Net operating income | 52,173,000,000 | 49,948,000,000 | 46,688,000,000 | |||
Total operating expenses | (32,990,000,000) | (31,231,000,000) | (30,147,000,000) | |||
Share of profit in associates and joint ventures | 2,536,000,000 | 2,416,000,000 | 2,365,000,000 | |||
Profit before tax | 21,719,000,000 | 21,133,000,000 | 18,906,000,000 | |||
Operating Segments, Including Adjustments And Inter-segment Eliminations | Retail Banking and Wealth Management | ||||||
Disclosure of operating segments [line items] | ||||||
Revenue | 21,935,000,000 | 20,220,000,000 | 18,483,000,000 | |||
Loan impairment (charges)/recoveries and other credit risk provisions | (1,177,000,000) | (969,000,000) | (1,101,000,000) | |||
Net operating income | 20,758,000,000 | 19,251,000,000 | 17,382,000,000 | |||
Total operating expenses | (13,700,000,000) | |||||
Profit before tax | 7,100,000,000 | 6,500,000,000 | 5,300,000,000 | |||
Operating Segments, Including Adjustments And Inter-segment Eliminations | Commercial Banking | ||||||
Disclosure of operating segments [line items] | ||||||
Revenue | 14,885,000,000 | 13,247,000,000 | 12,656,000,000 | |||
Loan impairment (charges)/recoveries and other credit risk provisions | (739,000,000) | (465,000,000) | (986,000,000) | |||
Net operating income | 14,146,000,000 | 12,782,000,000 | 11,670,000,000 | |||
Total operating expenses | (6,500,000,000) | |||||
Profit before tax | 7,700,000,000 | 6,800,000,000 | 5,900,000,000 | |||
Operating Segments, Including Adjustments And Inter-segment Eliminations | Global Banking and Markets | ||||||
Disclosure of operating segments [line items] | ||||||
Revenue | 15,512,000,000 | 15,285,000,000 | 14,807,000,000 | |||
Loan impairment (charges)/recoveries and other credit risk provisions | 26,000,000 | (446,000,000) | (461,000,000) | |||
Net operating income | 15,538,000,000 | 14,839,000,000 | 14,346,000,000 | |||
Profit before tax | 6,100,000,000 | 5,800,000,000 | 5,500,000,000 | |||
Operating Segments, Including Adjustments And Inter-segment Eliminations | Global Private Banking | ||||||
Disclosure of operating segments [line items] | ||||||
Revenue | 1,785,000,000 | 1,723,000,000 | 1,770,000,000 | |||
Loan impairment (charges)/recoveries and other credit risk provisions | 8,000,000 | (16,000,000) | 0 | |||
Net operating income | 1,793,000,000 | 1,707,000,000 | 1,770,000,000 | |||
Total operating expenses | (1,400,000,000) | |||||
Profit before tax | 344,000,000 | 296,000,000 | 286,000,000 | |||
Operating Segments, Including Adjustments And Inter-segment Eliminations | Corporate Centre | ||||||
Disclosure of operating segments [line items] | ||||||
Revenue | (177,000,000) | 1,186,000,000 | 1,544,000,000 | |||
Loan impairment (charges)/recoveries and other credit risk provisions | 115,000,000 | 183,000,000 | (24,000,000) | |||
Net operating income | (62,000,000) | 1,369,000,000 | 1,520,000,000 | |||
Total operating expenses | (1,900,000,000) | |||||
Profit before tax | 500,000,000 | |||||
Operating Segments, Including Adjustments | ||||||
Disclosure of operating segments [line items] | ||||||
Revenue | 53,940,000,000 | 51,661,000,000 | 49,260,000,000 | |||
Net interest income | 30,436,000,000 | 28,182,000,000 | 28,201,000,000 | |||
Total operating expenses | (32,990,000,000) | (31,231,000,000) | (30,147,000,000) | |||
Operating profit | 19,183,000,000 | 18,717,000,000 | 16,541,000,000 | |||
Share of profit in associates and joint ventures | 2,536,000,000 | 2,416,000,000 | 2,365,000,000 | |||
Profit before tax | $ 21,719,000,000 | $ 21,133,000,000 | $ 18,906,000,000 | |||
Share of HSBC’s adjusted profit before tax | 100.00% | 100.00% | 100.00% | |||
Adjusted cost efficiency ratio | 0.612 | 0.605 | 0.612 | |||
Loans and advances to customers (net) | $ 981,696,000,000 | $ 928,841,000,000 | $ 876,370,000,000 | |||
Interests in associates and joint ventures | 22,407,000,000 | 22,019,000,000 | 20,026,000,000 | |||
Total assets | 2,558,124,000,000 | 2,443,037,000,000 | 2,417,599,000,000 | |||
Customer accounts | 1,362,643,000,000 | 1,321,629,000,000 | 1,290,193,000,000 | |||
Adjusted risk-weighted assets (unaudited) | 864,504,000,000 | 845,680,000,000 | 855,148,000,000 | |||
Operating Segments, Including Adjustments | Retail Banking and Wealth Management | ||||||
Disclosure of operating segments [line items] | ||||||
Revenue | 17,270,000,000 | 17,024,000,000 | 16,050,000,000 | |||
Net interest income | 15,822,000,000 | 13,927,000,000 | 12,906,000,000 | |||
Loan impairment (charges)/recoveries and other credit risk provisions | (1,000,000,000) | |||||
Total operating expenses | (13,711,000,000) | (12,786,000,000) | (12,144,000,000) | |||
Operating profit | 7,047,000,000 | 6,465,000,000 | 5,238,000,000 | |||
Share of profit in associates and joint ventures | 33,000,000 | 14,000,000 | 20,000,000 | |||
Profit before tax | $ 7,080,000,000 | $ 6,479,000,000 | $ 5,258,000,000 | |||
Share of HSBC’s adjusted profit before tax | 32.60% | 30.60% | 27.80% | |||
Adjusted cost efficiency ratio | 0.625 | 0.632 | 0.657 | |||
Loans and advances to customers (net) | $ 361,872,000,000 | $ 332,261,000,000 | $ 312,393,000,000 | |||
Interests in associates and joint ventures | 397,000,000 | 363,000,000 | 391,000,000 | |||
Total assets | 476,784,000,000 | 451,516,000,000 | 421,559,000,000 | |||
Customer accounts | 640,924,000,000 | 621,092,000,000 | 595,765,000,000 | |||
Adjusted risk-weighted assets (unaudited) | 126,865,000,000 | 118,131,000,000 | 111,617,000,000 | |||
Operating Segments, Including Adjustments | Commercial Banking | ||||||
Disclosure of operating segments [line items] | ||||||
Revenue | 14,652,000,000 | 13,378,000,000 | 12,656,000,000 | |||
Net interest income | 10,666,000,000 | 9,060,000,000 | 8,506,000,000 | |||
Loan impairment (charges)/recoveries and other credit risk provisions | (500,000,000) | |||||
Total operating expenses | (6,477,000,000) | (5,953,000,000) | (5,747,000,000) | |||
Operating profit | 7,669,000,000 | 6,829,000,000 | 5,923,000,000 | |||
Share of profit in associates and joint ventures | 0 | 0 | 0 | |||
Profit before tax | $ 7,669,000,000 | $ 6,829,000,000 | $ 5,923,000,000 | |||
Share of HSBC’s adjusted profit before tax | 35.30% | 32.30% | 31.30% | |||
Adjusted cost efficiency ratio | 0.435 | 0.449 | 0.454 | |||
Loans and advances to customers (net) | $ 333,162,000,000 | $ 305,213,000,000 | $ 285,253,000,000 | |||
Interests in associates and joint ventures | 0 | 0 | 0 | |||
Total assets | 360,216,000,000 | 336,163,000,000 | 309,905,000,000 | |||
Customer accounts | 357,596,000,000 | 351,617,000,000 | 346,746,000,000 | |||
Adjusted risk-weighted assets (unaudited) | 321,244,000,000 | 289,824,000,000 | 276,705,000,000 | |||
Operating Segments, Including Adjustments | Global Banking and Markets | ||||||
Disclosure of operating segments [line items] | ||||||
Revenue | 17,986,000,000 | 16,557,000,000 | 17,488,000,000 | |||
Net interest income | 5,259,000,000 | 4,851,000,000 | 4,800,000,000 | |||
Loan impairment (charges)/recoveries and other credit risk provisions | (400,000,000) | |||||
Total operating expenses | (9,460,000,000) | (8,991,000,000) | (8,846,000,000) | |||
Operating profit | 6,078,000,000 | 5,848,000,000 | 5,500,000,000 | |||
Share of profit in associates and joint ventures | 0 | 0 | 0 | |||
Profit before tax | $ 6,078,000,000 | $ 5,848,000,000 | $ 5,500,000,000 | |||
Share of HSBC’s adjusted profit before tax | 28.00% | 27.70% | 29.10% | |||
Adjusted cost efficiency ratio | 0.610 | 0.588 | 0.597 | |||
Loans and advances to customers (net) | $ 244,978,000,000 | $ 244,476,000,000 | $ 230,171,000,000 | |||
Interests in associates and joint ventures | 0 | 0 | 0 | |||
Total assets | 1,012,272,000,000 | 946,747,000,000 | 949,732,000,000 | |||
Customer accounts | 290,914,000,000 | 273,080,000,000 | 261,949,000,000 | |||
Adjusted risk-weighted assets (unaudited) | 281,021,000,000 | 293,135,000,000 | 301,728,000,000 | |||
Operating Segments, Including Adjustments | Global Private Banking | ||||||
Disclosure of operating segments [line items] | ||||||
Revenue | 1,497,000,000 | 1,453,000,000 | 1,512,000,000 | |||
Net interest income | 888,000,000 | 825,000,000 | 813,000,000 | |||
Loan impairment (charges)/recoveries and other credit risk provisions | (16,000,000) | |||||
Total operating expenses | (1,449,000,000) | (1,411,000,000) | (1,484,000,000) | |||
Operating profit | 344,000,000 | 296,000,000 | 286,000,000 | |||
Share of profit in associates and joint ventures | 0 | 0 | 0 | |||
Profit before tax | $ 344,000,000 | $ 296,000,000 | $ 286,000,000 | |||
Share of HSBC’s adjusted profit before tax | 1.60% | 1.40% | 1.50% | |||
Adjusted cost efficiency ratio | 0.812 | 0.819 | 0.838 | |||
Loans and advances to customers (net) | $ 39,217,000,000 | $ 39,597,000,000 | $ 36,222,000,000 | |||
Interests in associates and joint ventures | 0 | 0 | 0 | |||
Total assets | 43,790,000,000 | 46,247,000,000 | 43,663,000,000 | |||
Customer accounts | 64,658,000,000 | 64,957,000,000 | 71,389,000,000 | |||
Adjusted risk-weighted assets (unaudited) | 16,824,000,000 | 15,795,000,000 | 15,418,000,000 | |||
Operating Segments, Including Adjustments | Corporate Centre | ||||||
Disclosure of operating segments [line items] | ||||||
Revenue | 2,535,000,000 | 3,249,000,000 | 1,554,000,000 | |||
Net interest income | (2,199,000,000) | (481,000,000) | 1,176,000,000 | |||
Loan impairment (charges)/recoveries and other credit risk provisions | 200,000,000 | |||||
Total operating expenses | (1,893,000,000) | (2,090,000,000) | (1,926,000,000) | |||
Operating profit | (1,955,000,000) | (721,000,000) | (406,000,000) | |||
Share of profit in associates and joint ventures | 2,503,000,000 | 2,402,000,000 | 2,345,000,000 | |||
Profit before tax | $ 548,000,000 | $ 1,681,000,000 | $ 1,939,000,000 | |||
Share of HSBC’s adjusted profit before tax | 2.50% | 8.00% | 10.30% | |||
Adjusted cost efficiency ratio | (10.695) | 1.762 | 1.247 | |||
Loans and advances to customers (net) | $ 2,467,000,000 | $ 7,294,000,000 | $ 12,331,000,000 | |||
Interests in associates and joint ventures | 22,010,000,000 | 21,656,000,000 | 19,635,000,000 | |||
Total assets | 665,062,000,000 | 662,364,000,000 | 692,740,000,000 | |||
Customer accounts | 8,551,000,000 | 10,883,000,000 | 14,344,000,000 | |||
Adjusted risk-weighted assets (unaudited) | 118,550,000,000 | 128,795,000,000 | 149,680,000,000 | |||
Inter-segment | ||||||
Disclosure of operating segments [line items] | ||||||
Revenue | 0 | 0 | 0 | |||
Inter-segment | Retail Banking and Wealth Management | ||||||
Disclosure of operating segments [line items] | ||||||
Revenue | 4,665,000,000 | 3,196,000,000 | 2,433,000,000 | |||
Inter-segment | Commercial Banking | ||||||
Disclosure of operating segments [line items] | ||||||
Revenue | 233,000,000 | (131,000,000) | 0 | |||
Inter-segment | Global Banking and Markets | ||||||
Disclosure of operating segments [line items] | ||||||
Revenue | (2,474,000,000) | (1,272,000,000) | (2,681,000,000) | |||
Inter-segment | Global Private Banking | ||||||
Disclosure of operating segments [line items] | ||||||
Revenue | 288,000,000 | 270,000,000 | 258,000,000 | |||
Inter-segment | Corporate Centre | ||||||
Disclosure of operating segments [line items] | ||||||
Revenue | $ (2,712,000,000) | $ (2,063,000,000) | $ (10,000,000) | |||
[1] | Balances at 1 January 2018 have been prepared in accordance with accounting policies referred to on page 263. 31 December 2017 balances have not been re-presented. Information regarding the effects of adoption of IFRS 9 can be found in Note 37. |
Report of the Directors - Adjus
Report of the Directors - Adjusted results reconciliation (Details) - USD ($) $ in Millions | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Consolidation Items [Line Items] | |||
Revenue | $ 53,780 | $ 51,445 | $ 47,966 |
Loan impairment charges and other credit risk provisions | (1,767) | (1,769) | (3,400) |
Operating expenses | (34,659) | (34,884) | (39,808) |
Share of profit in associates and joint ventures | 2,536 | 2,375 | 2,354 |
Profit before tax | 19,890 | 17,167 | 7,112 |
Operating Segments, Including Adjustments And Inter-segment Eliminations | |||
Consolidation Items [Line Items] | |||
Revenue | 53,940 | 51,661 | 49,260 |
Loan impairment charges and other credit risk provisions | (1,767) | (1,713) | (2,572) |
Operating expenses | (32,990) | (31,231) | (30,147) |
Share of profit in associates and joint ventures | 2,536 | 2,416 | 2,365 |
Profit before tax | 21,719 | 21,133 | 18,906 |
Operating Segments, Including Adjustments | |||
Consolidation Items [Line Items] | |||
Revenue | 53,940 | 51,661 | 49,260 |
Operating expenses | (32,990) | (31,231) | (30,147) |
Share of profit in associates and joint ventures | 2,536 | 2,416 | 2,365 |
Profit before tax | 21,719 | 21,133 | 18,906 |
Significant items | |||
Consolidation Items [Line Items] | |||
Revenue | (160) | (83) | (2,097) |
Loan impairment charges and other credit risk provisions | 0 | 0 | (804) |
Operating expenses | (1,669) | (3,796) | (9,300) |
Share of profit in associates and joint ventures | 0 | 0 | (1) |
Profit before tax | (1,829) | (3,879) | (12,202) |
Currency translation | |||
Consolidation Items [Line Items] | |||
Revenue | (133) | 803 | |
Loan impairment charges and other credit risk provisions | (56) | (24) | |
Operating expenses | 143 | (361) | |
Share of profit in associates and joint ventures | (41) | (10) | |
Profit before tax | $ (87) | $ 408 |
Report of the Directors - Adj_2
Report of the Directors - Adjusted balance sheet reconciliation (Details) - USD ($) $ in Millions | Dec. 31, 2018 | Jan. 01, 2018 | [1] | Dec. 31, 2017 | Jan. 01, 2017 | Dec. 31, 2016 |
Consolidation Items [Line Items] | ||||||
Loans and advances to customers (net) | $ 981,696 | $ 949,737 | $ 962,964 | $ 861,504 | ||
Interests in associates and joint ventures | 22,407 | 21,802 | 22,744 | $ 20,029 | 20,029 | |
Assets | 2,558,124 | 2,518,430 | 2,521,771 | 2,374,986 | ||
Customer accounts | 1,362,643 | $ 1,360,227 | 1,364,462 | 1,272,386 | ||
Operating Segments, Including Adjustments | ||||||
Consolidation Items [Line Items] | ||||||
Loans and advances to customers (net) | 981,696 | 928,841 | 876,370 | |||
Interests in associates and joint ventures | 22,407 | 22,019 | 20,026 | |||
Assets | 2,558,124 | 2,443,037 | 2,417,599 | |||
Customer accounts | $ 1,362,643 | 1,321,629 | 1,290,193 | |||
Currency translation | ||||||
Consolidation Items [Line Items] | ||||||
Loans and advances to customers (net) | 34,123 | (14,866) | ||||
Interests in associates and joint ventures | 725 | 3 | ||||
Assets | 78,734 | (42,613) | ||||
Customer accounts | $ 42,833 | $ (17,807) | ||||
[1] | Balances at 1 January 2018 have been prepared in accordance with accounting policies referred to on page 263. 31 December 2017 balances have not been re-presented. Information regarding the effects of adoption of IFRS 9 can be found in Note 37. |
Report of the Directors - Adj_3
Report of the Directors - Adjusted profit reconciliation (Details) - USD ($) $ in Millions | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Consolidation Items [Line Items] | |||
Profit before tax | $ 19,890 | $ 17,167 | $ 7,112 |
– impairment of GPB – Europe goodwill | 0 | 0 | (3,240) |
– restructuring and other related costs | (73) | (204) | (415) |
– currency translation on significant items | (7,156) | 9,077 | (9,986) |
Operating Segments, Including Adjustments And Inter-segment Eliminations | |||
Consolidation Items [Line Items] | |||
Profit before tax | 21,719 | 21,133 | 18,906 |
Significant items | |||
Consolidation Items [Line Items] | |||
Profit before tax | (1,829) | (3,879) | (12,202) |
– customer redress programmes (revenue) | 53 | (108) | 2 |
– disposals, acquisitions and investment in new businesses (revenue) | (113) | 274 | 264 |
– fair value movements on financial instruments | (100) | (245) | (2,453) |
– costs of structural reform | (361) | (420) | (223) |
– costs to achieve | 0 | (3,002) | (3,118) |
– customer redress programmes (operating expenses) | (146) | (655) | (559) |
– disposals, acquisitions and investment in new businesses (operating expenses) | (52) | (53) | (1,087) |
– disposals, acquisitions and investment in new businesses (LICs) | 0 | 0 | (748) |
– gain on partial settlement of pension obligation | 0 | 188 | 0 |
– impairment of GPB – Europe goodwill | 0 | 0 | (3,240) |
– past service costs of guaranteed minimum pension benefits equalisation | (228) | 0 | 0 |
– restructuring and other related costs | (66) | 0 | 0 |
– settlements and provisions in connection with legal matters | (816) | 198 | (1,025) |
– disposals, acquisitions and investment in new businesses (share of profit in associates and joint ventures) | 0 | 0 | (1) |
– currency translation on significant items | (56) | (14) | |
Currency translation | |||
Consolidation Items [Line Items] | |||
Profit before tax | $ (87) | $ 408 |
Report Of The Directors Finan_5
Report Of The Directors Financial Review Risk Report - Summary of financial instruments to which the impairment requirements in IFRS 9 are applied (Details) - USD ($) $ in Millions | Dec. 31, 2018 | Jan. 01, 2018 | Dec. 31, 2017 |
Disclosure of financial assets [line items] | |||
Financial assets | $ 2,471,203 | $ 2,433,785 | |
Off-balance sheet commitments | 259,643 | ||
Financial assets at amortised cost, category | |||
Disclosure of financial assets [line items] | |||
Financial assets | 62,666 | ||
Loan and other credit-related commitments | |||
Disclosure of financial assets [line items] | |||
Off-balance sheet commitments | 188,258 | ||
Loans and advances to customers | |||
Disclosure of financial assets [line items] | |||
Financial assets | 981,696 | 962,964 | |
Loans and advances to customers | Financial assets at amortised cost, category | |||
Disclosure of financial assets [line items] | |||
Financial assets | 962,964 | ||
Loans and advances to customers | – personal | |||
Disclosure of financial assets [line items] | |||
Financial assets | 391,390 | 374,762 | |
Financial assets and off-balance sheet loan commitments | 291,094 | ||
Loans and advances to customers | – personal | Financial assets at amortised cost, category | |||
Disclosure of financial assets [line items] | |||
Financial assets | 374,762 | ||
Loans and advances to customers | – corporate and commercial | |||
Disclosure of financial assets [line items] | |||
Financial assets | 529,025 | 516,754 | |
Loans and advances to customers | – corporate and commercial | Financial assets at amortised cost, category | |||
Disclosure of financial assets [line items] | |||
Financial assets | 516,754 | ||
Loans and advances to customers | – non-bank financial institutions | Financial assets at amortised cost, category | |||
Disclosure of financial assets [line items] | |||
Financial assets | 71,448 | ||
Loans and advances to banks | |||
Disclosure of financial assets [line items] | |||
Financial assets | 72,167 | 90,393 | |
Loans and advances to banks | Financial assets at amortised cost, category | |||
Disclosure of financial assets [line items] | |||
Financial assets | 90,393 | ||
Cash and balances at central banks | |||
Disclosure of financial assets [line items] | |||
Financial assets | 180,624 | ||
Items in the course of collection from other banks | |||
Disclosure of financial assets [line items] | |||
Financial assets | 6,628 | ||
Hong Kong Government certificates of indebtedness | |||
Disclosure of financial assets [line items] | |||
Financial assets | 34,186 | ||
Reverse repurchase agreements - non-trading | |||
Disclosure of financial assets [line items] | |||
Financial assets | 201,553 | ||
Financial investments | |||
Disclosure of financial assets [line items] | |||
Financial assets | 385,159 | ||
Debt securities | |||
Disclosure of financial assets [line items] | |||
Financial assets | 62,666 | 52,919 | |
Debt securities | Financial assets at amortised cost, category | |||
Disclosure of financial assets [line items] | |||
Financial assets | 61,987 | ||
Gross carrying amount | |||
Disclosure of financial assets [line items] | |||
Off-balance sheet commitments | 259,742 | ||
Gross carrying amount | Loan and other credit-related commitments | |||
Disclosure of financial assets [line items] | |||
Off-balance sheet commitments | 188,258 | ||
Gross carrying amount | Loans and advances to customers | Financial assets at amortised cost, category | |||
Disclosure of financial assets [line items] | |||
Financial assets | 970,448 | ||
Gross carrying amount | Loans and advances to customers | – personal | Financial assets at amortised cost, category | |||
Disclosure of financial assets [line items] | |||
Financial assets | 376,481 | ||
Gross carrying amount | Loans and advances to customers | – corporate and commercial | Financial assets at amortised cost, category | |||
Disclosure of financial assets [line items] | |||
Financial assets | 522,248 | ||
Gross carrying amount | Loans and advances to customers | – non-bank financial institutions | Financial assets at amortised cost, category | |||
Disclosure of financial assets [line items] | |||
Financial assets | 71,719 | ||
Gross carrying amount | Loans and advances to banks | Financial assets at amortised cost, category | |||
Disclosure of financial assets [line items] | |||
Financial assets | 90,393 | ||
Gross carrying amount | Cash and balances at central banks | |||
Disclosure of financial assets [line items] | |||
Financial assets | 180,624 | ||
Gross carrying amount | Items in the course of collection from other banks | |||
Disclosure of financial assets [line items] | |||
Financial assets | 6,628 | ||
Gross carrying amount | Hong Kong Government certificates of indebtedness | |||
Disclosure of financial assets [line items] | |||
Financial assets | 34,186 | ||
Gross carrying amount | Reverse repurchase agreements - non-trading | |||
Disclosure of financial assets [line items] | |||
Financial assets | 201,553 | ||
Gross carrying amount | Financial investments | |||
Disclosure of financial assets [line items] | |||
Financial assets | 385,159 | ||
Gross carrying amount | Debt securities | Financial assets measured at fair value through other comprehensive income, category | |||
Disclosure of financial assets [line items] | |||
Financial assets | 343,110 | $ 322,163 | |
Allowance for ECL | |||
Disclosure of financial assets [line items] | |||
Off-balance sheet commitments | (99) | ||
Allowance for ECL | Loan and other credit-related commitments | |||
Disclosure of financial assets [line items] | |||
Off-balance sheet commitments | 0 | ||
Allowance for ECL | Loans and advances to customers | Financial assets at amortised cost, category | |||
Disclosure of financial assets [line items] | |||
Financial assets | (7,484) | ||
Allowance for ECL | Loans and advances to customers | – personal | Financial assets at amortised cost, category | |||
Disclosure of financial assets [line items] | |||
Financial assets | (1,719) | ||
Allowance for ECL | Loans and advances to customers | – corporate and commercial | Financial assets at amortised cost, category | |||
Disclosure of financial assets [line items] | |||
Financial assets | (5,494) | ||
Allowance for ECL | Loans and advances to customers | – non-bank financial institutions | Financial assets at amortised cost, category | |||
Disclosure of financial assets [line items] | |||
Financial assets | (271) | ||
Allowance for ECL | Loans and advances to banks | Financial assets at amortised cost, category | |||
Disclosure of financial assets [line items] | |||
Financial assets | 0 | ||
Allowance for ECL | Reverse repurchase agreements - non-trading | |||
Disclosure of financial assets [line items] | |||
Financial assets | $ 0 | ||
Allowance for ECL | Debt securities | Financial assets measured at fair value through other comprehensive income, category | |||
Disclosure of financial assets [line items] | |||
Financial assets | (84) | (184) | |
IFRS 9 | |||
Disclosure of financial assets [line items] | |||
Off-balance sheet commitments | 615,108 | ||
Financial assets and off-balance sheet loan commitments | 2,251,833 | 2,160,680 | |
IFRS 9 | Financial assets measured at fair value through other comprehensive income, category | |||
Disclosure of financial assets [line items] | |||
Financial assets | 341,782 | 322,511 | |
IFRS 9 | Loan and other credit-related commitments | |||
Disclosure of financial assets [line items] | |||
Off-balance sheet commitments | 591,683 | 544,882 | |
IFRS 9 | Financial guarantees | |||
Disclosure of financial assets [line items] | |||
Off-balance sheet commitments | 23,425 | 25,752 | |
IFRS 9 | Loans and advances to customers | Financial assets at amortised cost, category | |||
Disclosure of financial assets [line items] | |||
Financial assets | 981,696 | 949,737 | |
IFRS 9 | Loans and advances to customers | – personal | Financial assets at amortised cost, category | |||
Disclosure of financial assets [line items] | |||
Financial assets | 391,390 | ||
IFRS 9 | Loans and advances to customers | – corporate and commercial | Financial assets at amortised cost, category | |||
Disclosure of financial assets [line items] | |||
Financial assets | 529,025 | ||
IFRS 9 | Loans and advances to customers | – non-bank financial institutions | Financial assets at amortised cost, category | |||
Disclosure of financial assets [line items] | |||
Financial assets | 61,281 | ||
IFRS 9 | Loans and advances to banks | Financial assets at amortised cost, category | |||
Disclosure of financial assets [line items] | |||
Financial assets | 72,167 | 82,559 | |
IFRS 9 | Other financial assets | Financial assets at amortised cost, category | |||
Disclosure of financial assets [line items] | |||
Financial assets | 582,862 | 557,750 | |
IFRS 9 | Cash and balances at central banks | Financial assets at amortised cost, category | |||
Disclosure of financial assets [line items] | |||
Financial assets | 162,843 | ||
IFRS 9 | Items in the course of collection from other banks | Financial assets at amortised cost, category | |||
Disclosure of financial assets [line items] | |||
Financial assets | 5,787 | ||
IFRS 9 | Hong Kong Government certificates of indebtedness | Financial assets at amortised cost, category | |||
Disclosure of financial assets [line items] | |||
Financial assets | 35,859 | ||
IFRS 9 | Reverse repurchase agreements - non-trading | Financial assets at amortised cost, category | |||
Disclosure of financial assets [line items] | |||
Financial assets | 242,804 | ||
IFRS 9 | Financial investments | Financial assets at amortised cost, category | |||
Disclosure of financial assets [line items] | |||
Financial assets | 62,666 | ||
IFRS 9 | Debt securities | Financial assets measured at fair value through other comprehensive income, category | |||
Disclosure of financial assets [line items] | |||
Financial assets | 341,782 | ||
IFRS 9 | Gross carrying amount | |||
Disclosure of financial assets [line items] | |||
Financial assets | 1,645,418 | 1,599,526 | |
Off-balance sheet commitments | 615,526 | 571,107 | |
Financial assets and off-balance sheet loan commitments | 2,260,944 | 2,170,633 | |
IFRS 9 | Gross carrying amount | Financial assets at amortised cost, category | |||
Disclosure of financial assets [line items] | |||
Financial assets | 2,260,944 | ||
IFRS 9 | Gross carrying amount | Financial assets measured at fair value through other comprehensive income, category | |||
Disclosure of financial assets [line items] | |||
Financial assets | 341,866 | 322,695 | |
IFRS 9 | Gross carrying amount | Loan and other credit-related commitments | |||
Disclosure of financial assets [line items] | |||
Off-balance sheet commitments | 592,008 | 545,258 | |
IFRS 9 | Gross carrying amount | Loan and other credit-related commitments | – personal | |||
Disclosure of financial assets [line items] | |||
Off-balance sheet commitments | 207,351 | 196,093 | |
IFRS 9 | Gross carrying amount | Loan and other credit-related commitments | – corporate and commercial | |||
Disclosure of financial assets [line items] | |||
Off-balance sheet commitments | 271,022 | 262,391 | |
IFRS 9 | Gross carrying amount | Loan and other credit-related commitments | – non-bank financial institutions | |||
Disclosure of financial assets [line items] | |||
Off-balance sheet commitments | 113,635 | 86,774 | |
IFRS 9 | Gross carrying amount | Financial guarantees | |||
Disclosure of financial assets [line items] | |||
Off-balance sheet commitments | 23,518 | 25,849 | |
IFRS 9 | Gross carrying amount | Financial guarantees | – personal | |||
Disclosure of financial assets [line items] | |||
Off-balance sheet commitments | 927 | 718 | |
IFRS 9 | Gross carrying amount | Financial guarantees | – corporate and commercial | |||
Disclosure of financial assets [line items] | |||
Off-balance sheet commitments | 17,355 | 19,965 | |
IFRS 9 | Gross carrying amount | Financial guarantees | – non-bank financial institutions | |||
Disclosure of financial assets [line items] | |||
Off-balance sheet commitments | 5,236 | 5,166 | |
IFRS 9 | Gross carrying amount | Loans and advances to customers | Financial assets at amortised cost, category | |||
Disclosure of financial assets [line items] | |||
Financial assets | 990,321 | 959,080 | |
IFRS 9 | Gross carrying amount | Loans and advances to customers | – personal | Financial assets at amortised cost, category | |||
Disclosure of financial assets [line items] | |||
Financial assets | 394,337 | 375,069 | |
IFRS 9 | Gross carrying amount | Loans and advances to customers | – corporate and commercial | Financial assets at amortised cost, category | |||
Disclosure of financial assets [line items] | |||
Financial assets | 534,577 | 520,137 | |
IFRS 9 | Gross carrying amount | Loans and advances to customers | – non-bank financial institutions | Financial assets at amortised cost, category | |||
Disclosure of financial assets [line items] | |||
Financial assets | 61,407 | 63,874 | |
IFRS 9 | Gross carrying amount | Loans and advances to banks | Financial assets at amortised cost, category | |||
Disclosure of financial assets [line items] | |||
Financial assets | 72,180 | 82,582 | |
IFRS 9 | Gross carrying amount | Other financial assets | Financial assets at amortised cost, category | |||
Disclosure of financial assets [line items] | |||
Financial assets | 582,917 | 557,864 | |
IFRS 9 | Gross carrying amount | Cash and balances at central banks | Financial assets at amortised cost, category | |||
Disclosure of financial assets [line items] | |||
Financial assets | 162,845 | 180,624 | |
IFRS 9 | Gross carrying amount | Items in the course of collection from other banks | Financial assets at amortised cost, category | |||
Disclosure of financial assets [line items] | |||
Financial assets | 5,787 | 6,628 | |
IFRS 9 | Gross carrying amount | Hong Kong Government certificates of indebtedness | Financial assets at amortised cost, category | |||
Disclosure of financial assets [line items] | |||
Financial assets | 35,859 | 34,186 | |
IFRS 9 | Gross carrying amount | Reverse repurchase agreements - non-trading | |||
Disclosure of financial assets [line items] | |||
Financial assets | 65,381 | ||
IFRS 9 | Gross carrying amount | Reverse repurchase agreements - non-trading | Financial assets at amortised cost, category | |||
Disclosure of financial assets [line items] | |||
Financial assets | 242,804 | 201,553 | |
IFRS 9 | Gross carrying amount | Financial investments | Financial assets at amortised cost, category | |||
Disclosure of financial assets [line items] | |||
Financial assets | 62,684 | 59,539 | |
IFRS 9 | Gross carrying amount | Prepayments, accrued income and other assets | Financial assets at amortised cost, category | |||
Disclosure of financial assets [line items] | |||
Financial assets | 72,938 | 75,334 | |
IFRS 9 | Gross carrying amount | Debt securities | Financial assets measured at fair value through other comprehensive income, category | |||
Disclosure of financial assets [line items] | |||
Financial assets | 341,866 | ||
IFRS 9 | Allowance for ECL | |||
Disclosure of financial assets [line items] | |||
Financial assets | (8,693) | (9,480) | |
Off-balance sheet commitments | (418) | (473) | |
Financial assets and off-balance sheet loan commitments | (9,111) | (9,953) | |
IFRS 9 | Allowance for ECL | Financial assets at amortised cost, category | |||
Disclosure of financial assets [line items] | |||
Financial assets | (9,111) | ||
IFRS 9 | Allowance for ECL | Financial assets measured at fair value through other comprehensive income, category | |||
Disclosure of financial assets [line items] | |||
Financial assets | (84) | (184) | |
IFRS 9 | Allowance for ECL | Loan and other credit-related commitments | |||
Disclosure of financial assets [line items] | |||
Off-balance sheet commitments | (325) | (376) | |
IFRS 9 | Allowance for ECL | Loan and other credit-related commitments | – personal | |||
Disclosure of financial assets [line items] | |||
Off-balance sheet commitments | (13) | (14) | |
IFRS 9 | Allowance for ECL | Loan and other credit-related commitments | – corporate and commercial | |||
Disclosure of financial assets [line items] | |||
Off-balance sheet commitments | (305) | (355) | |
IFRS 9 | Allowance for ECL | Loan and other credit-related commitments | – non-bank financial institutions | |||
Disclosure of financial assets [line items] | |||
Off-balance sheet commitments | (7) | (7) | |
IFRS 9 | Allowance for ECL | Financial guarantees | |||
Disclosure of financial assets [line items] | |||
Off-balance sheet commitments | (93) | (97) | |
IFRS 9 | Allowance for ECL | Financial guarantees | – personal | |||
Disclosure of financial assets [line items] | |||
Off-balance sheet commitments | (1) | (4) | |
IFRS 9 | Allowance for ECL | Financial guarantees | – corporate and commercial | |||
Disclosure of financial assets [line items] | |||
Off-balance sheet commitments | (85) | (89) | |
IFRS 9 | Allowance for ECL | Financial guarantees | – non-bank financial institutions | |||
Disclosure of financial assets [line items] | |||
Off-balance sheet commitments | (7) | (4) | |
IFRS 9 | Allowance for ECL | Loans and advances to customers | Financial assets at amortised cost, category | |||
Disclosure of financial assets [line items] | |||
Financial assets | (8,625) | (9,343) | |
IFRS 9 | Allowance for ECL | Loans and advances to customers | – personal | Financial assets at amortised cost, category | |||
Disclosure of financial assets [line items] | |||
Financial assets | (2,947) | (3,047) | |
IFRS 9 | Allowance for ECL | Loans and advances to customers | – corporate and commercial | Financial assets at amortised cost, category | |||
Disclosure of financial assets [line items] | |||
Financial assets | (5,552) | (6,053) | |
IFRS 9 | Allowance for ECL | Loans and advances to customers | – non-bank financial institutions | Financial assets at amortised cost, category | |||
Disclosure of financial assets [line items] | |||
Financial assets | (126) | (243) | |
IFRS 9 | Allowance for ECL | Loans and advances to banks | Financial assets at amortised cost, category | |||
Disclosure of financial assets [line items] | |||
Financial assets | (13) | (23) | |
IFRS 9 | Allowance for ECL | Other financial assets | Financial assets at amortised cost, category | |||
Disclosure of financial assets [line items] | |||
Financial assets | (55) | (114) | |
IFRS 9 | Allowance for ECL | Cash and balances at central banks | Financial assets at amortised cost, category | |||
Disclosure of financial assets [line items] | |||
Financial assets | (2) | (3) | |
IFRS 9 | Allowance for ECL | Items in the course of collection from other banks | Financial assets at amortised cost, category | |||
Disclosure of financial assets [line items] | |||
Financial assets | 0 | 0 | |
IFRS 9 | Allowance for ECL | Hong Kong Government certificates of indebtedness | Financial assets at amortised cost, category | |||
Disclosure of financial assets [line items] | |||
Financial assets | 0 | 0 | |
IFRS 9 | Allowance for ECL | Reverse repurchase agreements - non-trading | Financial assets at amortised cost, category | |||
Disclosure of financial assets [line items] | |||
Financial assets | 0 | 0 | |
IFRS 9 | Allowance for ECL | Financial investments | Financial assets at amortised cost, category | |||
Disclosure of financial assets [line items] | |||
Financial assets | (18) | (16) | |
IFRS 9 | Allowance for ECL | Prepayments, accrued income and other assets | Financial assets at amortised cost, category | |||
Disclosure of financial assets [line items] | |||
Financial assets | (35) | $ (95) | |
IFRS 9 | Allowance for ECL | Debt securities | Financial assets measured at fair value through other comprehensive income, category | |||
Disclosure of financial assets [line items] | |||
Financial assets | $ (84) |
Report Of The Directors Finan_6
Report Of The Directors Financial Review Risk Report - Summary of credit risk (excluding debt instruments measured at FVOCI) by stage distribution and ECL coverage by industry sector (Details) - USD ($) $ in Millions | Dec. 31, 2018 | Jan. 01, 2018 | Dec. 31, 2017 |
Disclosure of credit risk exposure [line items] | |||
Financial assets | $ 2,471,203 | $ 2,433,785 | |
IFRS 9 | Gross carrying amount | |||
Disclosure of credit risk exposure [line items] | |||
Financial assets | 1,645,418 | $ 1,599,526 | |
IFRS 9 | Allowance for ECL | |||
Disclosure of credit risk exposure [line items] | |||
Financial assets | (8,693) | (9,480) | |
Loans and advances to customers | |||
Disclosure of credit risk exposure [line items] | |||
Financial assets | 981,696 | 962,964 | |
Loans and advances to customers | – personal | |||
Disclosure of credit risk exposure [line items] | |||
Financial assets | 391,390 | 374,762 | |
Loans and advances to customers | – corporate and commercial | |||
Disclosure of credit risk exposure [line items] | |||
Financial assets | 529,025 | 516,754 | |
Loans and advances to banks | |||
Disclosure of credit risk exposure [line items] | |||
Financial assets | 72,167 | 90,393 | |
Financial assets at amortised cost, category | |||
Disclosure of credit risk exposure [line items] | |||
Financial assets | $ 62,666 | ||
Financial assets at amortised cost, category | IFRS 9 | |||
Disclosure of credit risk exposure [line items] | |||
ECL coverage | 0.40% | ||
Financial assets at amortised cost, category | IFRS 9 | Gross carrying amount | |||
Disclosure of credit risk exposure [line items] | |||
Financial assets | $ 2,260,944 | ||
Financial assets at amortised cost, category | IFRS 9 | Allowance for ECL | |||
Disclosure of credit risk exposure [line items] | |||
Financial assets | $ (9,111) | ||
Financial assets at amortised cost, category | IFRS 9 | 12-month expected credit losses | Financial instruments not credit-impaired | |||
Disclosure of credit risk exposure [line items] | |||
ECL coverage | 0.10% | ||
Financial assets at amortised cost, category | IFRS 9 | 12-month expected credit losses | Financial instruments not credit-impaired | Gross carrying amount | |||
Disclosure of credit risk exposure [line items] | |||
Financial assets | $ 2,158,313 | ||
Financial assets at amortised cost, category | IFRS 9 | 12-month expected credit losses | Financial instruments not credit-impaired | Allowance for ECL | |||
Disclosure of credit risk exposure [line items] | |||
Financial assets | $ (1,476) | ||
Financial assets at amortised cost, category | IFRS 9 | Lifetime expected credit losses | Financial instruments not credit-impaired | |||
Disclosure of credit risk exposure [line items] | |||
ECL coverage | 2.60% | ||
Financial assets at amortised cost, category | IFRS 9 | Lifetime expected credit losses | Financial instruments not credit-impaired | Gross carrying amount | |||
Disclosure of credit risk exposure [line items] | |||
Financial assets | $ 87,939 | ||
Financial assets at amortised cost, category | IFRS 9 | Lifetime expected credit losses | Financial instruments not credit-impaired | Allowance for ECL | |||
Disclosure of credit risk exposure [line items] | |||
Financial assets | $ (2,284) | ||
Financial assets at amortised cost, category | IFRS 9 | Lifetime expected credit losses | Financial instruments credit-impaired after purchase or origination | |||
Disclosure of credit risk exposure [line items] | |||
ECL coverage | 35.90% | ||
Financial assets at amortised cost, category | IFRS 9 | Lifetime expected credit losses | Financial instruments credit-impaired after purchase or origination | Gross carrying amount | |||
Disclosure of credit risk exposure [line items] | |||
Financial assets | $ 14,358 | ||
Financial assets at amortised cost, category | IFRS 9 | Lifetime expected credit losses | Financial instruments credit-impaired after purchase or origination | Allowance for ECL | |||
Disclosure of credit risk exposure [line items] | |||
Financial assets | $ (5,157) | ||
Financial assets at amortised cost, category | IFRS 9 | Lifetime expected credit losses | POCI | |||
Disclosure of credit risk exposure [line items] | |||
ECL coverage | 58.10% | ||
Financial assets at amortised cost, category | IFRS 9 | Lifetime expected credit losses | POCI | Gross carrying amount | |||
Disclosure of credit risk exposure [line items] | |||
Financial assets | $ 334 | ||
Financial assets at amortised cost, category | IFRS 9 | Lifetime expected credit losses | POCI | Allowance for ECL | |||
Disclosure of credit risk exposure [line items] | |||
Financial assets | (194) | ||
Financial assets at amortised cost, category | Loans and advances to customers | |||
Disclosure of credit risk exposure [line items] | |||
Financial assets | 962,964 | ||
Financial assets at amortised cost, category | Loans and advances to customers | Gross carrying amount | |||
Disclosure of credit risk exposure [line items] | |||
Financial assets | 970,448 | ||
Financial assets at amortised cost, category | Loans and advances to customers | Allowance for ECL | |||
Disclosure of credit risk exposure [line items] | |||
Financial assets | (7,484) | ||
Financial assets at amortised cost, category | Loans and advances to customers | – personal | |||
Disclosure of credit risk exposure [line items] | |||
Financial assets | 374,762 | ||
Financial assets at amortised cost, category | Loans and advances to customers | – personal | Gross carrying amount | |||
Disclosure of credit risk exposure [line items] | |||
Financial assets | 376,481 | ||
Financial assets at amortised cost, category | Loans and advances to customers | – personal | Allowance for ECL | |||
Disclosure of credit risk exposure [line items] | |||
Financial assets | (1,719) | ||
Financial assets at amortised cost, category | Loans and advances to customers | – corporate and commercial | |||
Disclosure of credit risk exposure [line items] | |||
Financial assets | 516,754 | ||
Financial assets at amortised cost, category | Loans and advances to customers | – corporate and commercial | Gross carrying amount | |||
Disclosure of credit risk exposure [line items] | |||
Financial assets | 522,248 | ||
Financial assets at amortised cost, category | Loans and advances to customers | – corporate and commercial | Allowance for ECL | |||
Disclosure of credit risk exposure [line items] | |||
Financial assets | (5,494) | ||
Financial assets at amortised cost, category | Loans and advances to customers | – non-bank financial institutions | |||
Disclosure of credit risk exposure [line items] | |||
Financial assets | 71,448 | ||
Financial assets at amortised cost, category | Loans and advances to customers | – non-bank financial institutions | Gross carrying amount | |||
Disclosure of credit risk exposure [line items] | |||
Financial assets | 71,719 | ||
Financial assets at amortised cost, category | Loans and advances to customers | – non-bank financial institutions | Allowance for ECL | |||
Disclosure of credit risk exposure [line items] | |||
Financial assets | (271) | ||
Financial assets at amortised cost, category | Loans and advances to customers | IFRS 9 | |||
Disclosure of credit risk exposure [line items] | |||
Financial assets | $ 981,696 | 949,737 | |
ECL coverage | 0.90% | ||
Financial assets at amortised cost, category | Loans and advances to customers | IFRS 9 | Gross carrying amount | |||
Disclosure of credit risk exposure [line items] | |||
Financial assets | $ 990,321 | 959,080 | |
Financial assets at amortised cost, category | Loans and advances to customers | IFRS 9 | Allowance for ECL | |||
Disclosure of credit risk exposure [line items] | |||
Financial assets | (8,625) | (9,343) | |
Financial assets at amortised cost, category | Loans and advances to customers | IFRS 9 | 12-month expected credit losses | Financial instruments not credit-impaired | |||
Disclosure of credit risk exposure [line items] | |||
Financial assets | $ 913,912 | 870,257 | |
ECL coverage | 0.10% | ||
Financial assets at amortised cost, category | Loans and advances to customers | IFRS 9 | 12-month expected credit losses | Financial instruments not credit-impaired | Gross carrying amount | |||
Disclosure of credit risk exposure [line items] | |||
Financial assets | $ 915,188 | 871,566 | |
Financial assets at amortised cost, category | Loans and advances to customers | IFRS 9 | 12-month expected credit losses | Financial instruments not credit-impaired | Allowance for ECL | |||
Disclosure of credit risk exposure [line items] | |||
Financial assets | (1,276) | (1,309) | |
Financial assets at amortised cost, category | Loans and advances to customers | IFRS 9 | Lifetime expected credit losses | Financial instruments not credit-impaired | |||
Disclosure of credit risk exposure [line items] | |||
Financial assets | $ 59,678 | 70,457 | |
ECL coverage | 3.40% | ||
Financial assets at amortised cost, category | Loans and advances to customers | IFRS 9 | Lifetime expected credit losses | Financial instruments not credit-impaired | Gross carrying amount | |||
Disclosure of credit risk exposure [line items] | |||
Financial assets | $ 61,786 | 72,658 | |
Financial assets at amortised cost, category | Loans and advances to customers | IFRS 9 | Lifetime expected credit losses | Financial instruments not credit-impaired | Allowance for ECL | |||
Disclosure of credit risk exposure [line items] | |||
Financial assets | (2,108) | (2,201) | |
Financial assets at amortised cost, category | Loans and advances to customers | IFRS 9 | Lifetime expected credit losses | Financial instruments credit-impaired after purchase or origination | |||
Disclosure of credit risk exposure [line items] | |||
Financial assets | $ 7,976 | 8,291 | |
ECL coverage | 38.80% | ||
Financial assets at amortised cost, category | Loans and advances to customers | IFRS 9 | Lifetime expected credit losses | Financial instruments credit-impaired after purchase or origination | Gross carrying amount | |||
Disclosure of credit risk exposure [line items] | |||
Financial assets | $ 13,023 | 13,882 | |
Financial assets at amortised cost, category | Loans and advances to customers | IFRS 9 | Lifetime expected credit losses | Financial instruments credit-impaired after purchase or origination | Allowance for ECL | |||
Disclosure of credit risk exposure [line items] | |||
Financial assets | (5,047) | (5,591) | |
Financial assets at amortised cost, category | Loans and advances to customers | IFRS 9 | Lifetime expected credit losses | POCI | |||
Disclosure of credit risk exposure [line items] | |||
Financial assets | $ 130 | 732 | |
ECL coverage | 59.90% | ||
Financial assets at amortised cost, category | Loans and advances to customers | IFRS 9 | Lifetime expected credit losses | POCI | Gross carrying amount | |||
Disclosure of credit risk exposure [line items] | |||
Financial assets | $ 324 | 974 | |
Financial assets at amortised cost, category | Loans and advances to customers | IFRS 9 | Lifetime expected credit losses | POCI | Allowance for ECL | |||
Disclosure of credit risk exposure [line items] | |||
Financial assets | (194) | (242) | |
Financial assets at amortised cost, category | Loans and advances to customers | IFRS 9 | – personal | |||
Disclosure of credit risk exposure [line items] | |||
Financial assets | $ 391,390 | ||
ECL coverage | 0.70% | ||
Financial assets at amortised cost, category | Loans and advances to customers | IFRS 9 | – personal | Gross carrying amount | |||
Disclosure of credit risk exposure [line items] | |||
Financial assets | $ 394,337 | 375,069 | |
Financial assets at amortised cost, category | Loans and advances to customers | IFRS 9 | – personal | Allowance for ECL | |||
Disclosure of credit risk exposure [line items] | |||
Financial assets | $ (2,947) | (3,047) | |
Financial assets at amortised cost, category | Loans and advances to customers | IFRS 9 | – personal | 12-month expected credit losses | Financial instruments not credit-impaired | |||
Disclosure of credit risk exposure [line items] | |||
ECL coverage | 0.10% | ||
Financial assets at amortised cost, category | Loans and advances to customers | IFRS 9 | – personal | 12-month expected credit losses | Financial instruments not credit-impaired | Gross carrying amount | |||
Disclosure of credit risk exposure [line items] | |||
Financial assets | $ 374,681 | ||
Financial assets at amortised cost, category | Loans and advances to customers | IFRS 9 | – personal | 12-month expected credit losses | Financial instruments not credit-impaired | Allowance for ECL | |||
Disclosure of credit risk exposure [line items] | |||
Financial assets | $ (534) | ||
Financial assets at amortised cost, category | Loans and advances to customers | IFRS 9 | – personal | Lifetime expected credit losses | Financial instruments not credit-impaired | |||
Disclosure of credit risk exposure [line items] | |||
ECL coverage | 8.40% | ||
Financial assets at amortised cost, category | Loans and advances to customers | IFRS 9 | – personal | Lifetime expected credit losses | Financial instruments not credit-impaired | Gross carrying amount | |||
Disclosure of credit risk exposure [line items] | |||
Financial assets | $ 15,075 | ||
Financial assets at amortised cost, category | Loans and advances to customers | IFRS 9 | – personal | Lifetime expected credit losses | Financial instruments not credit-impaired | Allowance for ECL | |||
Disclosure of credit risk exposure [line items] | |||
Financial assets | $ (1,265) | ||
Financial assets at amortised cost, category | Loans and advances to customers | IFRS 9 | – personal | Lifetime expected credit losses | Financial instruments credit-impaired after purchase or origination | |||
Disclosure of credit risk exposure [line items] | |||
ECL coverage | 25.10% | ||
Financial assets at amortised cost, category | Loans and advances to customers | IFRS 9 | – personal | Lifetime expected credit losses | Financial instruments credit-impaired after purchase or origination | Gross carrying amount | |||
Disclosure of credit risk exposure [line items] | |||
Financial assets | $ 4,581 | ||
Financial assets at amortised cost, category | Loans and advances to customers | IFRS 9 | – personal | Lifetime expected credit losses | Financial instruments credit-impaired after purchase or origination | Allowance for ECL | |||
Disclosure of credit risk exposure [line items] | |||
Financial assets | $ (1,148) | ||
Financial assets at amortised cost, category | Loans and advances to customers | IFRS 9 | – personal | Lifetime expected credit losses | POCI | |||
Disclosure of credit risk exposure [line items] | |||
ECL coverage | 0.00% | ||
Financial assets at amortised cost, category | Loans and advances to customers | IFRS 9 | – personal | Lifetime expected credit losses | POCI | Gross carrying amount | |||
Disclosure of credit risk exposure [line items] | |||
Financial assets | $ 0 | ||
Financial assets at amortised cost, category | Loans and advances to customers | IFRS 9 | – personal | Lifetime expected credit losses | POCI | Allowance for ECL | |||
Disclosure of credit risk exposure [line items] | |||
Financial assets | 0 | ||
Financial assets at amortised cost, category | Loans and advances to customers | IFRS 9 | – corporate and commercial | |||
Disclosure of credit risk exposure [line items] | |||
Financial assets | $ 529,025 | ||
ECL coverage | 1.00% | ||
Financial assets at amortised cost, category | Loans and advances to customers | IFRS 9 | – corporate and commercial | Gross carrying amount | |||
Disclosure of credit risk exposure [line items] | |||
Financial assets | $ 534,577 | 520,137 | |
Financial assets at amortised cost, category | Loans and advances to customers | IFRS 9 | – corporate and commercial | Allowance for ECL | |||
Disclosure of credit risk exposure [line items] | |||
Financial assets | $ (5,552) | (6,053) | |
Financial assets at amortised cost, category | Loans and advances to customers | IFRS 9 | – corporate and commercial | 12-month expected credit losses | Financial instruments not credit-impaired | |||
Disclosure of credit risk exposure [line items] | |||
ECL coverage | 0.10% | ||
Financial assets at amortised cost, category | Loans and advances to customers | IFRS 9 | – corporate and commercial | 12-month expected credit losses | Financial instruments not credit-impaired | Gross carrying amount | |||
Disclosure of credit risk exposure [line items] | |||
Financial assets | $ 481,262 | ||
Financial assets at amortised cost, category | Loans and advances to customers | IFRS 9 | – corporate and commercial | 12-month expected credit losses | Financial instruments not credit-impaired | Allowance for ECL | |||
Disclosure of credit risk exposure [line items] | |||
Financial assets | $ (698) | ||
Financial assets at amortised cost, category | Loans and advances to customers | IFRS 9 | – corporate and commercial | Lifetime expected credit losses | Financial instruments not credit-impaired | |||
Disclosure of credit risk exposure [line items] | |||
ECL coverage | 1.80% | ||
Financial assets at amortised cost, category | Loans and advances to customers | IFRS 9 | – corporate and commercial | Lifetime expected credit losses | Financial instruments not credit-impaired | Gross carrying amount | |||
Disclosure of credit risk exposure [line items] | |||
Financial assets | $ 44,779 | ||
Financial assets at amortised cost, category | Loans and advances to customers | IFRS 9 | – corporate and commercial | Lifetime expected credit losses | Financial instruments not credit-impaired | Allowance for ECL | |||
Disclosure of credit risk exposure [line items] | |||
Financial assets | $ (812) | ||
Financial assets at amortised cost, category | Loans and advances to customers | IFRS 9 | – corporate and commercial | Lifetime expected credit losses | Financial instruments credit-impaired after purchase or origination | |||
Disclosure of credit risk exposure [line items] | |||
ECL coverage | 46.90% | ||
Financial assets at amortised cost, category | Loans and advances to customers | IFRS 9 | – corporate and commercial | Lifetime expected credit losses | Financial instruments credit-impaired after purchase or origination | Gross carrying amount | |||
Disclosure of credit risk exposure [line items] | |||
Financial assets | $ 8,212 | ||
Financial assets at amortised cost, category | Loans and advances to customers | IFRS 9 | – corporate and commercial | Lifetime expected credit losses | Financial instruments credit-impaired after purchase or origination | Allowance for ECL | |||
Disclosure of credit risk exposure [line items] | |||
Financial assets | $ (3,848) | ||
Financial assets at amortised cost, category | Loans and advances to customers | IFRS 9 | – corporate and commercial | Lifetime expected credit losses | POCI | |||
Disclosure of credit risk exposure [line items] | |||
ECL coverage | 59.90% | ||
Financial assets at amortised cost, category | Loans and advances to customers | IFRS 9 | – corporate and commercial | Lifetime expected credit losses | POCI | Gross carrying amount | |||
Disclosure of credit risk exposure [line items] | |||
Financial assets | $ 324 | ||
Financial assets at amortised cost, category | Loans and advances to customers | IFRS 9 | – corporate and commercial | Lifetime expected credit losses | POCI | Allowance for ECL | |||
Disclosure of credit risk exposure [line items] | |||
Financial assets | (194) | ||
Financial assets at amortised cost, category | Loans and advances to customers | IFRS 9 | – non-bank financial institutions | |||
Disclosure of credit risk exposure [line items] | |||
Financial assets | $ 61,281 | ||
ECL coverage | 0.20% | ||
Financial assets at amortised cost, category | Loans and advances to customers | IFRS 9 | – non-bank financial institutions | Gross carrying amount | |||
Disclosure of credit risk exposure [line items] | |||
Financial assets | $ 61,407 | 63,874 | |
Financial assets at amortised cost, category | Loans and advances to customers | IFRS 9 | – non-bank financial institutions | Allowance for ECL | |||
Disclosure of credit risk exposure [line items] | |||
Financial assets | $ (126) | (243) | |
Financial assets at amortised cost, category | Loans and advances to customers | IFRS 9 | – non-bank financial institutions | 12-month expected credit losses | Financial instruments not credit-impaired | |||
Disclosure of credit risk exposure [line items] | |||
ECL coverage | 0.10% | ||
Financial assets at amortised cost, category | Loans and advances to customers | IFRS 9 | – non-bank financial institutions | 12-month expected credit losses | Financial instruments not credit-impaired | Gross carrying amount | |||
Disclosure of credit risk exposure [line items] | |||
Financial assets | $ 59,245 | ||
Financial assets at amortised cost, category | Loans and advances to customers | IFRS 9 | – non-bank financial institutions | 12-month expected credit losses | Financial instruments not credit-impaired | Allowance for ECL | |||
Disclosure of credit risk exposure [line items] | |||
Financial assets | $ (44) | ||
Financial assets at amortised cost, category | Loans and advances to customers | IFRS 9 | – non-bank financial institutions | Lifetime expected credit losses | Financial instruments not credit-impaired | |||
Disclosure of credit risk exposure [line items] | |||
ECL coverage | 1.60% | ||
Financial assets at amortised cost, category | Loans and advances to customers | IFRS 9 | – non-bank financial institutions | Lifetime expected credit losses | Financial instruments not credit-impaired | Gross carrying amount | |||
Disclosure of credit risk exposure [line items] | |||
Financial assets | $ 1,932 | ||
Financial assets at amortised cost, category | Loans and advances to customers | IFRS 9 | – non-bank financial institutions | Lifetime expected credit losses | Financial instruments not credit-impaired | Allowance for ECL | |||
Disclosure of credit risk exposure [line items] | |||
Financial assets | $ (31) | ||
Financial assets at amortised cost, category | Loans and advances to customers | IFRS 9 | – non-bank financial institutions | Lifetime expected credit losses | Financial instruments credit-impaired after purchase or origination | |||
Disclosure of credit risk exposure [line items] | |||
ECL coverage | 22.20% | ||
Financial assets at amortised cost, category | Loans and advances to customers | IFRS 9 | – non-bank financial institutions | Lifetime expected credit losses | Financial instruments credit-impaired after purchase or origination | Gross carrying amount | |||
Disclosure of credit risk exposure [line items] | |||
Financial assets | $ 230 | ||
Financial assets at amortised cost, category | Loans and advances to customers | IFRS 9 | – non-bank financial institutions | Lifetime expected credit losses | Financial instruments credit-impaired after purchase or origination | Allowance for ECL | |||
Disclosure of credit risk exposure [line items] | |||
Financial assets | $ (51) | ||
Financial assets at amortised cost, category | Loans and advances to customers | IFRS 9 | – non-bank financial institutions | Lifetime expected credit losses | POCI | |||
Disclosure of credit risk exposure [line items] | |||
ECL coverage | 0.00% | ||
Financial assets at amortised cost, category | Loans and advances to customers | IFRS 9 | – non-bank financial institutions | Lifetime expected credit losses | POCI | Gross carrying amount | |||
Disclosure of credit risk exposure [line items] | |||
Financial assets | $ 0 | ||
Financial assets at amortised cost, category | Loans and advances to customers | IFRS 9 | – non-bank financial institutions | Lifetime expected credit losses | POCI | Allowance for ECL | |||
Disclosure of credit risk exposure [line items] | |||
Financial assets | 0 | ||
Financial assets at amortised cost, category | Loans and advances to banks | |||
Disclosure of credit risk exposure [line items] | |||
Financial assets | 90,393 | ||
Financial assets at amortised cost, category | Loans and advances to banks | Gross carrying amount | |||
Disclosure of credit risk exposure [line items] | |||
Financial assets | 90,393 | ||
Financial assets at amortised cost, category | Loans and advances to banks | Allowance for ECL | |||
Disclosure of credit risk exposure [line items] | |||
Financial assets | $ 0 | ||
Financial assets at amortised cost, category | Loans and advances to banks | IFRS 9 | |||
Disclosure of credit risk exposure [line items] | |||
Financial assets | $ 72,167 | 82,559 | |
ECL coverage | 0.00% | ||
Financial assets at amortised cost, category | Loans and advances to banks | IFRS 9 | Gross carrying amount | |||
Disclosure of credit risk exposure [line items] | |||
Financial assets | $ 72,180 | 82,582 | |
Financial assets at amortised cost, category | Loans and advances to banks | IFRS 9 | Allowance for ECL | |||
Disclosure of credit risk exposure [line items] | |||
Financial assets | (13) | (23) | |
Financial assets at amortised cost, category | Loans and advances to banks | IFRS 9 | 12-month expected credit losses | Financial instruments not credit-impaired | |||
Disclosure of credit risk exposure [line items] | |||
Financial assets | $ 71,862 | 81,010 | |
ECL coverage | 0.00% | ||
Financial assets at amortised cost, category | Loans and advances to banks | IFRS 9 | 12-month expected credit losses | Financial instruments not credit-impaired | Gross carrying amount | |||
Disclosure of credit risk exposure [line items] | |||
Financial assets | $ 71,873 | 81,027 | |
Financial assets at amortised cost, category | Loans and advances to banks | IFRS 9 | 12-month expected credit losses | Financial instruments not credit-impaired | Allowance for ECL | |||
Disclosure of credit risk exposure [line items] | |||
Financial assets | (11) | (17) | |
Financial assets at amortised cost, category | Loans and advances to banks | IFRS 9 | Lifetime expected credit losses | Financial instruments not credit-impaired | |||
Disclosure of credit risk exposure [line items] | |||
Financial assets | $ 305 | 1,536 | |
ECL coverage | 0.70% | ||
Financial assets at amortised cost, category | Loans and advances to banks | IFRS 9 | Lifetime expected credit losses | Financial instruments not credit-impaired | Gross carrying amount | |||
Disclosure of credit risk exposure [line items] | |||
Financial assets | $ 307 | 1,540 | |
Financial assets at amortised cost, category | Loans and advances to banks | IFRS 9 | Lifetime expected credit losses | Financial instruments not credit-impaired | Allowance for ECL | |||
Disclosure of credit risk exposure [line items] | |||
Financial assets | (2) | (4) | |
Financial assets at amortised cost, category | Loans and advances to banks | IFRS 9 | Lifetime expected credit losses | Financial instruments credit-impaired after purchase or origination | |||
Disclosure of credit risk exposure [line items] | |||
Financial assets | $ 0 | 13 | |
ECL coverage | 0.00% | ||
Financial assets at amortised cost, category | Loans and advances to banks | IFRS 9 | Lifetime expected credit losses | Financial instruments credit-impaired after purchase or origination | Gross carrying amount | |||
Disclosure of credit risk exposure [line items] | |||
Financial assets | $ 0 | 15 | |
Financial assets at amortised cost, category | Loans and advances to banks | IFRS 9 | Lifetime expected credit losses | Financial instruments credit-impaired after purchase or origination | Allowance for ECL | |||
Disclosure of credit risk exposure [line items] | |||
Financial assets | 0 | (2) | |
Financial assets at amortised cost, category | Loans and advances to banks | IFRS 9 | Lifetime expected credit losses | POCI | |||
Disclosure of credit risk exposure [line items] | |||
Financial assets | $ 0 | 0 | |
ECL coverage | 0.00% | ||
Financial assets at amortised cost, category | Loans and advances to banks | IFRS 9 | Lifetime expected credit losses | POCI | Gross carrying amount | |||
Disclosure of credit risk exposure [line items] | |||
Financial assets | $ 0 | 0 | |
Financial assets at amortised cost, category | Loans and advances to banks | IFRS 9 | Lifetime expected credit losses | POCI | Allowance for ECL | |||
Disclosure of credit risk exposure [line items] | |||
Financial assets | 0 | 0 | |
Financial assets at amortised cost, category | Other financial assets | IFRS 9 | |||
Disclosure of credit risk exposure [line items] | |||
Financial assets | $ 582,862 | 557,750 | |
ECL coverage | 0.00% | ||
Financial assets at amortised cost, category | Other financial assets | IFRS 9 | Gross carrying amount | |||
Disclosure of credit risk exposure [line items] | |||
Financial assets | $ 582,917 | 557,864 | |
Financial assets at amortised cost, category | Other financial assets | IFRS 9 | Allowance for ECL | |||
Disclosure of credit risk exposure [line items] | |||
Financial assets | (55) | (114) | |
Financial assets at amortised cost, category | Other financial assets | IFRS 9 | 12-month expected credit losses | Financial instruments not credit-impaired | |||
Disclosure of credit risk exposure [line items] | |||
Financial assets | $ 581,091 | 556,157 | |
ECL coverage | 0.00% | ||
Financial assets at amortised cost, category | Other financial assets | IFRS 9 | 12-month expected credit losses | Financial instruments not credit-impaired | Gross carrying amount | |||
Disclosure of credit risk exposure [line items] | |||
Financial assets | $ 581,118 | 556,185 | |
Financial assets at amortised cost, category | Other financial assets | IFRS 9 | 12-month expected credit losses | Financial instruments not credit-impaired | Allowance for ECL | |||
Disclosure of credit risk exposure [line items] | |||
Financial assets | (27) | (28) | |
Financial assets at amortised cost, category | Other financial assets | IFRS 9 | Lifetime expected credit losses | Financial instruments not credit-impaired | |||
Disclosure of credit risk exposure [line items] | |||
Financial assets | $ 1,667 | 1,513 | |
ECL coverage | 0.40% | ||
Financial assets at amortised cost, category | Other financial assets | IFRS 9 | Lifetime expected credit losses | Financial instruments not credit-impaired | Gross carrying amount | |||
Disclosure of credit risk exposure [line items] | |||
Financial assets | $ 1,673 | 1,517 | |
Financial assets at amortised cost, category | Other financial assets | IFRS 9 | Lifetime expected credit losses | Financial instruments not credit-impaired | Allowance for ECL | |||
Disclosure of credit risk exposure [line items] | |||
Financial assets | (6) | (4) | |
Financial assets at amortised cost, category | Other financial assets | IFRS 9 | Lifetime expected credit losses | Financial instruments credit-impaired after purchase or origination | |||
Disclosure of credit risk exposure [line items] | |||
Financial assets | $ 104 | 73 | |
ECL coverage | 17.50% | ||
Financial assets at amortised cost, category | Other financial assets | IFRS 9 | Lifetime expected credit losses | Financial instruments credit-impaired after purchase or origination | Gross carrying amount | |||
Disclosure of credit risk exposure [line items] | |||
Financial assets | $ 126 | 155 | |
Financial assets at amortised cost, category | Other financial assets | IFRS 9 | Lifetime expected credit losses | Financial instruments credit-impaired after purchase or origination | Allowance for ECL | |||
Disclosure of credit risk exposure [line items] | |||
Financial assets | (22) | (82) | |
Financial assets at amortised cost, category | Other financial assets | IFRS 9 | Lifetime expected credit losses | POCI | |||
Disclosure of credit risk exposure [line items] | |||
Financial assets | $ 0 | 7 | |
ECL coverage | 0.00% | ||
Financial assets at amortised cost, category | Other financial assets | IFRS 9 | Lifetime expected credit losses | POCI | Gross carrying amount | |||
Disclosure of credit risk exposure [line items] | |||
Financial assets | $ 0 | 7 | |
Financial assets at amortised cost, category | Other financial assets | IFRS 9 | Lifetime expected credit losses | POCI | Allowance for ECL | |||
Disclosure of credit risk exposure [line items] | |||
Financial assets | $ 0 | $ 0 | |
Financial assets at amortised cost, category | Loan and other credit-related commitments | IFRS 9 | |||
Disclosure of credit risk exposure [line items] | |||
ECL coverage | 0.10% | ||
Financial assets at amortised cost, category | Loan and other credit-related commitments | IFRS 9 | Gross carrying amount | |||
Disclosure of credit risk exposure [line items] | |||
Financial assets | $ 592,008 | ||
Financial assets at amortised cost, category | Loan and other credit-related commitments | IFRS 9 | Allowance for ECL | |||
Disclosure of credit risk exposure [line items] | |||
Financial assets | $ (325) | ||
Financial assets at amortised cost, category | Loan and other credit-related commitments | IFRS 9 | 12-month expected credit losses | Financial instruments not credit-impaired | |||
Disclosure of credit risk exposure [line items] | |||
ECL coverage | 0.00% | ||
Financial assets at amortised cost, category | Loan and other credit-related commitments | IFRS 9 | 12-month expected credit losses | Financial instruments not credit-impaired | Gross carrying amount | |||
Disclosure of credit risk exposure [line items] | |||
Financial assets | $ 569,250 | ||
Financial assets at amortised cost, category | Loan and other credit-related commitments | IFRS 9 | 12-month expected credit losses | Financial instruments not credit-impaired | Allowance for ECL | |||
Disclosure of credit risk exposure [line items] | |||
Financial assets | $ (143) | ||
Financial assets at amortised cost, category | Loan and other credit-related commitments | IFRS 9 | Lifetime expected credit losses | Financial instruments not credit-impaired | |||
Disclosure of credit risk exposure [line items] | |||
ECL coverage | 0.60% | ||
Financial assets at amortised cost, category | Loan and other credit-related commitments | IFRS 9 | Lifetime expected credit losses | Financial instruments not credit-impaired | Gross carrying amount | |||
Disclosure of credit risk exposure [line items] | |||
Financial assets | $ 21,839 | ||
Financial assets at amortised cost, category | Loan and other credit-related commitments | IFRS 9 | Lifetime expected credit losses | Financial instruments not credit-impaired | Allowance for ECL | |||
Disclosure of credit risk exposure [line items] | |||
Financial assets | $ (139) | ||
Financial assets at amortised cost, category | Loan and other credit-related commitments | IFRS 9 | Lifetime expected credit losses | Financial instruments credit-impaired after purchase or origination | |||
Disclosure of credit risk exposure [line items] | |||
ECL coverage | 4.70% | ||
Financial assets at amortised cost, category | Loan and other credit-related commitments | IFRS 9 | Lifetime expected credit losses | Financial instruments credit-impaired after purchase or origination | Gross carrying amount | |||
Disclosure of credit risk exposure [line items] | |||
Financial assets | $ 912 | ||
Financial assets at amortised cost, category | Loan and other credit-related commitments | IFRS 9 | Lifetime expected credit losses | Financial instruments credit-impaired after purchase or origination | Allowance for ECL | |||
Disclosure of credit risk exposure [line items] | |||
Financial assets | $ (43) | ||
Financial assets at amortised cost, category | Loan and other credit-related commitments | IFRS 9 | Lifetime expected credit losses | POCI | |||
Disclosure of credit risk exposure [line items] | |||
ECL coverage | 0.00% | ||
Financial assets at amortised cost, category | Loan and other credit-related commitments | IFRS 9 | Lifetime expected credit losses | POCI | Gross carrying amount | |||
Disclosure of credit risk exposure [line items] | |||
Financial assets | $ 7 | ||
Financial assets at amortised cost, category | Loan and other credit-related commitments | IFRS 9 | Lifetime expected credit losses | POCI | Allowance for ECL | |||
Disclosure of credit risk exposure [line items] | |||
Financial assets | $ 0 | ||
Financial assets at amortised cost, category | Loan and other credit-related commitments | IFRS 9 | – personal | |||
Disclosure of credit risk exposure [line items] | |||
ECL coverage | 0.00% | ||
Financial assets at amortised cost, category | Loan and other credit-related commitments | IFRS 9 | – personal | Gross carrying amount | |||
Disclosure of credit risk exposure [line items] | |||
Financial assets | $ 207,351 | ||
Financial assets at amortised cost, category | Loan and other credit-related commitments | IFRS 9 | – personal | Allowance for ECL | |||
Disclosure of credit risk exposure [line items] | |||
Financial assets | $ (13) | ||
Financial assets at amortised cost, category | Loan and other credit-related commitments | IFRS 9 | – personal | 12-month expected credit losses | Financial instruments not credit-impaired | |||
Disclosure of credit risk exposure [line items] | |||
ECL coverage | 0.00% | ||
Financial assets at amortised cost, category | Loan and other credit-related commitments | IFRS 9 | – personal | 12-month expected credit losses | Financial instruments not credit-impaired | Gross carrying amount | |||
Disclosure of credit risk exposure [line items] | |||
Financial assets | $ 205,183 | ||
Financial assets at amortised cost, category | Loan and other credit-related commitments | IFRS 9 | – personal | 12-month expected credit losses | Financial instruments not credit-impaired | Allowance for ECL | |||
Disclosure of credit risk exposure [line items] | |||
Financial assets | $ (12) | ||
Financial assets at amortised cost, category | Loan and other credit-related commitments | IFRS 9 | – personal | Lifetime expected credit losses | Financial instruments not credit-impaired | |||
Disclosure of credit risk exposure [line items] | |||
ECL coverage | 0.10% | ||
Financial assets at amortised cost, category | Loan and other credit-related commitments | IFRS 9 | – personal | Lifetime expected credit losses | Financial instruments not credit-impaired | Gross carrying amount | |||
Disclosure of credit risk exposure [line items] | |||
Financial assets | $ 1,760 | ||
Financial assets at amortised cost, category | Loan and other credit-related commitments | IFRS 9 | – personal | Lifetime expected credit losses | Financial instruments not credit-impaired | Allowance for ECL | |||
Disclosure of credit risk exposure [line items] | |||
Financial assets | $ (1) | ||
Financial assets at amortised cost, category | Loan and other credit-related commitments | IFRS 9 | – personal | Lifetime expected credit losses | Financial instruments credit-impaired after purchase or origination | |||
Disclosure of credit risk exposure [line items] | |||
ECL coverage | 0.00% | ||
Financial assets at amortised cost, category | Loan and other credit-related commitments | IFRS 9 | – personal | Lifetime expected credit losses | Financial instruments credit-impaired after purchase or origination | Gross carrying amount | |||
Disclosure of credit risk exposure [line items] | |||
Financial assets | $ 408 | ||
Financial assets at amortised cost, category | Loan and other credit-related commitments | IFRS 9 | – personal | Lifetime expected credit losses | Financial instruments credit-impaired after purchase or origination | Allowance for ECL | |||
Disclosure of credit risk exposure [line items] | |||
Financial assets | $ 0 | ||
Financial assets at amortised cost, category | Loan and other credit-related commitments | IFRS 9 | – personal | Lifetime expected credit losses | POCI | |||
Disclosure of credit risk exposure [line items] | |||
ECL coverage | 0.00% | ||
Financial assets at amortised cost, category | Loan and other credit-related commitments | IFRS 9 | – personal | Lifetime expected credit losses | POCI | Gross carrying amount | |||
Disclosure of credit risk exposure [line items] | |||
Financial assets | $ 0 | ||
Financial assets at amortised cost, category | Loan and other credit-related commitments | IFRS 9 | – personal | Lifetime expected credit losses | POCI | Allowance for ECL | |||
Disclosure of credit risk exposure [line items] | |||
Financial assets | $ 0 | ||
Financial assets at amortised cost, category | Loan and other credit-related commitments | IFRS 9 | – corporate and commercial | |||
Disclosure of credit risk exposure [line items] | |||
ECL coverage | 0.10% | ||
Financial assets at amortised cost, category | Loan and other credit-related commitments | IFRS 9 | – corporate and commercial | Gross carrying amount | |||
Disclosure of credit risk exposure [line items] | |||
Financial assets | $ 271,022 | ||
Financial assets at amortised cost, category | Loan and other credit-related commitments | IFRS 9 | – corporate and commercial | Allowance for ECL | |||
Disclosure of credit risk exposure [line items] | |||
Financial assets | $ (305) | ||
Financial assets at amortised cost, category | Loan and other credit-related commitments | IFRS 9 | – corporate and commercial | 12-month expected credit losses | Financial instruments not credit-impaired | |||
Disclosure of credit risk exposure [line items] | |||
ECL coverage | 0.10% | ||
Financial assets at amortised cost, category | Loan and other credit-related commitments | IFRS 9 | – corporate and commercial | 12-month expected credit losses | Financial instruments not credit-impaired | Gross carrying amount | |||
Disclosure of credit risk exposure [line items] | |||
Financial assets | $ 251,478 | ||
Financial assets at amortised cost, category | Loan and other credit-related commitments | IFRS 9 | – corporate and commercial | 12-month expected credit losses | Financial instruments not credit-impaired | Allowance for ECL | |||
Disclosure of credit risk exposure [line items] | |||
Financial assets | $ (126) | ||
Financial assets at amortised cost, category | Loan and other credit-related commitments | IFRS 9 | – corporate and commercial | Lifetime expected credit losses | Financial instruments not credit-impaired | |||
Disclosure of credit risk exposure [line items] | |||
ECL coverage | 0.70% | ||
Financial assets at amortised cost, category | Loan and other credit-related commitments | IFRS 9 | – corporate and commercial | Lifetime expected credit losses | Financial instruments not credit-impaired | Gross carrying amount | |||
Disclosure of credit risk exposure [line items] | |||
Financial assets | $ 19,034 | ||
Financial assets at amortised cost, category | Loan and other credit-related commitments | IFRS 9 | – corporate and commercial | Lifetime expected credit losses | Financial instruments not credit-impaired | Allowance for ECL | |||
Disclosure of credit risk exposure [line items] | |||
Financial assets | $ (136) | ||
Financial assets at amortised cost, category | Loan and other credit-related commitments | IFRS 9 | – corporate and commercial | Lifetime expected credit losses | Financial instruments credit-impaired after purchase or origination | |||
Disclosure of credit risk exposure [line items] | |||
ECL coverage | 8.50% | ||
Financial assets at amortised cost, category | Loan and other credit-related commitments | IFRS 9 | – corporate and commercial | Lifetime expected credit losses | Financial instruments credit-impaired after purchase or origination | Gross carrying amount | |||
Disclosure of credit risk exposure [line items] | |||
Financial assets | $ 503 | ||
Financial assets at amortised cost, category | Loan and other credit-related commitments | IFRS 9 | – corporate and commercial | Lifetime expected credit losses | Financial instruments credit-impaired after purchase or origination | Allowance for ECL | |||
Disclosure of credit risk exposure [line items] | |||
Financial assets | $ (43) | ||
Financial assets at amortised cost, category | Loan and other credit-related commitments | IFRS 9 | – corporate and commercial | Lifetime expected credit losses | POCI | |||
Disclosure of credit risk exposure [line items] | |||
ECL coverage | 0.00% | ||
Financial assets at amortised cost, category | Loan and other credit-related commitments | IFRS 9 | – corporate and commercial | Lifetime expected credit losses | POCI | Gross carrying amount | |||
Disclosure of credit risk exposure [line items] | |||
Financial assets | $ 7 | ||
Financial assets at amortised cost, category | Loan and other credit-related commitments | IFRS 9 | – corporate and commercial | Lifetime expected credit losses | POCI | Allowance for ECL | |||
Disclosure of credit risk exposure [line items] | |||
Financial assets | $ 0 | ||
Financial assets at amortised cost, category | Loan and other credit-related commitments | IFRS 9 | – financial7 | |||
Disclosure of credit risk exposure [line items] | |||
ECL coverage | 0.00% | ||
Financial assets at amortised cost, category | Loan and other credit-related commitments | IFRS 9 | – financial7 | Gross carrying amount | |||
Disclosure of credit risk exposure [line items] | |||
Financial assets | $ 113,635 | ||
Financial assets at amortised cost, category | Loan and other credit-related commitments | IFRS 9 | – financial7 | Allowance for ECL | |||
Disclosure of credit risk exposure [line items] | |||
Financial assets | $ (7) | ||
Financial assets at amortised cost, category | Loan and other credit-related commitments | IFRS 9 | – financial7 | 12-month expected credit losses | Financial instruments not credit-impaired | |||
Disclosure of credit risk exposure [line items] | |||
ECL coverage | 0.00% | ||
Financial assets at amortised cost, category | Loan and other credit-related commitments | IFRS 9 | – financial7 | 12-month expected credit losses | Financial instruments not credit-impaired | Gross carrying amount | |||
Disclosure of credit risk exposure [line items] | |||
Financial assets | $ 112,589 | ||
Financial assets at amortised cost, category | Loan and other credit-related commitments | IFRS 9 | – financial7 | 12-month expected credit losses | Financial instruments not credit-impaired | Allowance for ECL | |||
Disclosure of credit risk exposure [line items] | |||
Financial assets | $ (5) | ||
Financial assets at amortised cost, category | Loan and other credit-related commitments | IFRS 9 | – financial7 | Lifetime expected credit losses | Financial instruments not credit-impaired | |||
Disclosure of credit risk exposure [line items] | |||
ECL coverage | 0.20% | ||
Financial assets at amortised cost, category | Loan and other credit-related commitments | IFRS 9 | – financial7 | Lifetime expected credit losses | Financial instruments not credit-impaired | Gross carrying amount | |||
Disclosure of credit risk exposure [line items] | |||
Financial assets | $ 1,045 | ||
Financial assets at amortised cost, category | Loan and other credit-related commitments | IFRS 9 | – financial7 | Lifetime expected credit losses | Financial instruments not credit-impaired | Allowance for ECL | |||
Disclosure of credit risk exposure [line items] | |||
Financial assets | $ (2) | ||
Financial assets at amortised cost, category | Loan and other credit-related commitments | IFRS 9 | – financial7 | Lifetime expected credit losses | Financial instruments credit-impaired after purchase or origination | |||
Disclosure of credit risk exposure [line items] | |||
ECL coverage | 0.00% | ||
Financial assets at amortised cost, category | Loan and other credit-related commitments | IFRS 9 | – financial7 | Lifetime expected credit losses | Financial instruments credit-impaired after purchase or origination | Gross carrying amount | |||
Disclosure of credit risk exposure [line items] | |||
Financial assets | $ 1 | ||
Financial assets at amortised cost, category | Loan and other credit-related commitments | IFRS 9 | – financial7 | Lifetime expected credit losses | Financial instruments credit-impaired after purchase or origination | Allowance for ECL | |||
Disclosure of credit risk exposure [line items] | |||
Financial assets | $ 0 | ||
Financial assets at amortised cost, category | Loan and other credit-related commitments | IFRS 9 | – financial7 | Lifetime expected credit losses | POCI | |||
Disclosure of credit risk exposure [line items] | |||
ECL coverage | 0.00% | ||
Financial assets at amortised cost, category | Loan and other credit-related commitments | IFRS 9 | – financial7 | Lifetime expected credit losses | POCI | Gross carrying amount | |||
Disclosure of credit risk exposure [line items] | |||
Financial assets | $ 0 | ||
Financial assets at amortised cost, category | Loan and other credit-related commitments | IFRS 9 | – financial7 | Lifetime expected credit losses | POCI | Allowance for ECL | |||
Disclosure of credit risk exposure [line items] | |||
Financial assets | $ 0 | ||
Financial assets at amortised cost, category | Financial guarantees | IFRS 9 | |||
Disclosure of credit risk exposure [line items] | |||
ECL coverage | 0.40% | ||
Financial assets at amortised cost, category | Financial guarantees | IFRS 9 | Gross carrying amount | |||
Disclosure of credit risk exposure [line items] | |||
Financial assets | $ 23,518 | ||
Financial assets at amortised cost, category | Financial guarantees | IFRS 9 | Allowance for ECL | |||
Disclosure of credit risk exposure [line items] | |||
Financial assets | $ (93) | ||
Financial assets at amortised cost, category | Financial guarantees | IFRS 9 | 12-month expected credit losses | Financial instruments not credit-impaired | |||
Disclosure of credit risk exposure [line items] | |||
ECL coverage | 0.10% | ||
Financial assets at amortised cost, category | Financial guarantees | IFRS 9 | 12-month expected credit losses | Financial instruments not credit-impaired | Gross carrying amount | |||
Disclosure of credit risk exposure [line items] | |||
Financial assets | $ 20,884 | ||
Financial assets at amortised cost, category | Financial guarantees | IFRS 9 | 12-month expected credit losses | Financial instruments not credit-impaired | Allowance for ECL | |||
Disclosure of credit risk exposure [line items] | |||
Financial assets | $ (19) | ||
Financial assets at amortised cost, category | Financial guarantees | IFRS 9 | Lifetime expected credit losses | Financial instruments not credit-impaired | |||
Disclosure of credit risk exposure [line items] | |||
ECL coverage | 1.20% | ||
Financial assets at amortised cost, category | Financial guarantees | IFRS 9 | Lifetime expected credit losses | Financial instruments not credit-impaired | Gross carrying amount | |||
Disclosure of credit risk exposure [line items] | |||
Financial assets | $ 2,334 | ||
Financial assets at amortised cost, category | Financial guarantees | IFRS 9 | Lifetime expected credit losses | Financial instruments not credit-impaired | Allowance for ECL | |||
Disclosure of credit risk exposure [line items] | |||
Financial assets | $ (29) | ||
Financial assets at amortised cost, category | Financial guarantees | IFRS 9 | Lifetime expected credit losses | Financial instruments credit-impaired after purchase or origination | |||
Disclosure of credit risk exposure [line items] | |||
ECL coverage | 15.20% | ||
Financial assets at amortised cost, category | Financial guarantees | IFRS 9 | Lifetime expected credit losses | Financial instruments credit-impaired after purchase or origination | Gross carrying amount | |||
Disclosure of credit risk exposure [line items] | |||
Financial assets | $ 297 | ||
Financial assets at amortised cost, category | Financial guarantees | IFRS 9 | Lifetime expected credit losses | Financial instruments credit-impaired after purchase or origination | Allowance for ECL | |||
Disclosure of credit risk exposure [line items] | |||
Financial assets | $ (45) | ||
Financial assets at amortised cost, category | Financial guarantees | IFRS 9 | Lifetime expected credit losses | POCI | |||
Disclosure of credit risk exposure [line items] | |||
ECL coverage | 0.00% | ||
Financial assets at amortised cost, category | Financial guarantees | IFRS 9 | Lifetime expected credit losses | POCI | Gross carrying amount | |||
Disclosure of credit risk exposure [line items] | |||
Financial assets | $ 3 | ||
Financial assets at amortised cost, category | Financial guarantees | IFRS 9 | Lifetime expected credit losses | POCI | Allowance for ECL | |||
Disclosure of credit risk exposure [line items] | |||
Financial assets | $ 0 | ||
Financial assets at amortised cost, category | Financial guarantees | IFRS 9 | – personal | |||
Disclosure of credit risk exposure [line items] | |||
ECL coverage | 0.10% | ||
Financial assets at amortised cost, category | Financial guarantees | IFRS 9 | – personal | Gross carrying amount | |||
Disclosure of credit risk exposure [line items] | |||
Financial assets | $ 927 | ||
Financial assets at amortised cost, category | Financial guarantees | IFRS 9 | – personal | Allowance for ECL | |||
Disclosure of credit risk exposure [line items] | |||
Financial assets | $ (1) | ||
Financial assets at amortised cost, category | Financial guarantees | IFRS 9 | – personal | 12-month expected credit losses | Financial instruments not credit-impaired | |||
Disclosure of credit risk exposure [line items] | |||
ECL coverage | 0.10% | ||
Financial assets at amortised cost, category | Financial guarantees | IFRS 9 | – personal | 12-month expected credit losses | Financial instruments not credit-impaired | Gross carrying amount | |||
Disclosure of credit risk exposure [line items] | |||
Financial assets | $ 920 | ||
Financial assets at amortised cost, category | Financial guarantees | IFRS 9 | – personal | 12-month expected credit losses | Financial instruments not credit-impaired | Allowance for ECL | |||
Disclosure of credit risk exposure [line items] | |||
Financial assets | $ (1) | ||
Financial assets at amortised cost, category | Financial guarantees | IFRS 9 | – personal | Lifetime expected credit losses | Financial instruments not credit-impaired | |||
Disclosure of credit risk exposure [line items] | |||
ECL coverage | 0.00% | ||
Financial assets at amortised cost, category | Financial guarantees | IFRS 9 | – personal | Lifetime expected credit losses | Financial instruments not credit-impaired | Gross carrying amount | |||
Disclosure of credit risk exposure [line items] | |||
Financial assets | $ 3 | ||
Financial assets at amortised cost, category | Financial guarantees | IFRS 9 | – personal | Lifetime expected credit losses | Financial instruments not credit-impaired | Allowance for ECL | |||
Disclosure of credit risk exposure [line items] | |||
Financial assets | $ 0 | ||
Financial assets at amortised cost, category | Financial guarantees | IFRS 9 | – personal | Lifetime expected credit losses | Financial instruments credit-impaired after purchase or origination | |||
Disclosure of credit risk exposure [line items] | |||
ECL coverage | 0.00% | ||
Financial assets at amortised cost, category | Financial guarantees | IFRS 9 | – personal | Lifetime expected credit losses | Financial instruments credit-impaired after purchase or origination | Gross carrying amount | |||
Disclosure of credit risk exposure [line items] | |||
Financial assets | $ 4 | ||
Financial assets at amortised cost, category | Financial guarantees | IFRS 9 | – personal | Lifetime expected credit losses | Financial instruments credit-impaired after purchase or origination | Allowance for ECL | |||
Disclosure of credit risk exposure [line items] | |||
Financial assets | $ 0 | ||
Financial assets at amortised cost, category | Financial guarantees | IFRS 9 | – personal | Lifetime expected credit losses | POCI | |||
Disclosure of credit risk exposure [line items] | |||
ECL coverage | 0.00% | ||
Financial assets at amortised cost, category | Financial guarantees | IFRS 9 | – personal | Lifetime expected credit losses | POCI | Gross carrying amount | |||
Disclosure of credit risk exposure [line items] | |||
Financial assets | $ 0 | ||
Financial assets at amortised cost, category | Financial guarantees | IFRS 9 | – personal | Lifetime expected credit losses | POCI | Allowance for ECL | |||
Disclosure of credit risk exposure [line items] | |||
Financial assets | $ 0 | ||
Financial assets at amortised cost, category | Financial guarantees | IFRS 9 | – corporate and commercial | |||
Disclosure of credit risk exposure [line items] | |||
ECL coverage | 0.50% | ||
Financial assets at amortised cost, category | Financial guarantees | IFRS 9 | – corporate and commercial | Gross carrying amount | |||
Disclosure of credit risk exposure [line items] | |||
Financial assets | $ 17,355 | ||
Financial assets at amortised cost, category | Financial guarantees | IFRS 9 | – corporate and commercial | Allowance for ECL | |||
Disclosure of credit risk exposure [line items] | |||
Financial assets | $ (85) | ||
Financial assets at amortised cost, category | Financial guarantees | IFRS 9 | – corporate and commercial | 12-month expected credit losses | Financial instruments not credit-impaired | |||
Disclosure of credit risk exposure [line items] | |||
ECL coverage | 0.10% | ||
Financial assets at amortised cost, category | Financial guarantees | IFRS 9 | – corporate and commercial | 12-month expected credit losses | Financial instruments not credit-impaired | Gross carrying amount | |||
Disclosure of credit risk exposure [line items] | |||
Financial assets | $ 15,011 | ||
Financial assets at amortised cost, category | Financial guarantees | IFRS 9 | – corporate and commercial | 12-month expected credit losses | Financial instruments not credit-impaired | Allowance for ECL | |||
Disclosure of credit risk exposure [line items] | |||
Financial assets | $ (16) | ||
Financial assets at amortised cost, category | Financial guarantees | IFRS 9 | – corporate and commercial | Lifetime expected credit losses | Financial instruments not credit-impaired | |||
Disclosure of credit risk exposure [line items] | |||
ECL coverage | 1.20% | ||
Financial assets at amortised cost, category | Financial guarantees | IFRS 9 | – corporate and commercial | Lifetime expected credit losses | Financial instruments not credit-impaired | Gross carrying amount | |||
Disclosure of credit risk exposure [line items] | |||
Financial assets | $ 2,053 | ||
Financial assets at amortised cost, category | Financial guarantees | IFRS 9 | – corporate and commercial | Lifetime expected credit losses | Financial instruments not credit-impaired | Allowance for ECL | |||
Disclosure of credit risk exposure [line items] | |||
Financial assets | $ (25) | ||
Financial assets at amortised cost, category | Financial guarantees | IFRS 9 | – corporate and commercial | Lifetime expected credit losses | Financial instruments credit-impaired after purchase or origination | |||
Disclosure of credit risk exposure [line items] | |||
ECL coverage | 15.30% | ||
Financial assets at amortised cost, category | Financial guarantees | IFRS 9 | – corporate and commercial | Lifetime expected credit losses | Financial instruments credit-impaired after purchase or origination | Gross carrying amount | |||
Disclosure of credit risk exposure [line items] | |||
Financial assets | $ 288 | ||
Financial assets at amortised cost, category | Financial guarantees | IFRS 9 | – corporate and commercial | Lifetime expected credit losses | Financial instruments credit-impaired after purchase or origination | Allowance for ECL | |||
Disclosure of credit risk exposure [line items] | |||
Financial assets | $ (44) | ||
Financial assets at amortised cost, category | Financial guarantees | IFRS 9 | – corporate and commercial | Lifetime expected credit losses | POCI | |||
Disclosure of credit risk exposure [line items] | |||
ECL coverage | 0.00% | ||
Financial assets at amortised cost, category | Financial guarantees | IFRS 9 | – corporate and commercial | Lifetime expected credit losses | POCI | Gross carrying amount | |||
Disclosure of credit risk exposure [line items] | |||
Financial assets | $ 3 | ||
Financial assets at amortised cost, category | Financial guarantees | IFRS 9 | – corporate and commercial | Lifetime expected credit losses | POCI | Allowance for ECL | |||
Disclosure of credit risk exposure [line items] | |||
Financial assets | $ 0 | ||
Financial assets at amortised cost, category | Financial guarantees | IFRS 9 | – financial7 | |||
Disclosure of credit risk exposure [line items] | |||
ECL coverage | 0.10% | ||
Financial assets at amortised cost, category | Financial guarantees | IFRS 9 | – financial7 | Gross carrying amount | |||
Disclosure of credit risk exposure [line items] | |||
Financial assets | $ 5,236 | ||
Financial assets at amortised cost, category | Financial guarantees | IFRS 9 | – financial7 | Allowance for ECL | |||
Disclosure of credit risk exposure [line items] | |||
Financial assets | $ (7) | ||
Financial assets at amortised cost, category | Financial guarantees | IFRS 9 | – financial7 | 12-month expected credit losses | Financial instruments not credit-impaired | |||
Disclosure of credit risk exposure [line items] | |||
ECL coverage | 0.00% | ||
Financial assets at amortised cost, category | Financial guarantees | IFRS 9 | – financial7 | 12-month expected credit losses | Financial instruments not credit-impaired | Gross carrying amount | |||
Disclosure of credit risk exposure [line items] | |||
Financial assets | $ 4,953 | ||
Financial assets at amortised cost, category | Financial guarantees | IFRS 9 | – financial7 | 12-month expected credit losses | Financial instruments not credit-impaired | Allowance for ECL | |||
Disclosure of credit risk exposure [line items] | |||
Financial assets | $ (2) | ||
Financial assets at amortised cost, category | Financial guarantees | IFRS 9 | – financial7 | Lifetime expected credit losses | Financial instruments not credit-impaired | |||
Disclosure of credit risk exposure [line items] | |||
ECL coverage | 1.40% | ||
Financial assets at amortised cost, category | Financial guarantees | IFRS 9 | – financial7 | Lifetime expected credit losses | Financial instruments not credit-impaired | Gross carrying amount | |||
Disclosure of credit risk exposure [line items] | |||
Financial assets | $ 278 | ||
Financial assets at amortised cost, category | Financial guarantees | IFRS 9 | – financial7 | Lifetime expected credit losses | Financial instruments not credit-impaired | Allowance for ECL | |||
Disclosure of credit risk exposure [line items] | |||
Financial assets | $ (4) | ||
Financial assets at amortised cost, category | Financial guarantees | IFRS 9 | – financial7 | Lifetime expected credit losses | Financial instruments credit-impaired after purchase or origination | |||
Disclosure of credit risk exposure [line items] | |||
ECL coverage | 20.00% | ||
Financial assets at amortised cost, category | Financial guarantees | IFRS 9 | – financial7 | Lifetime expected credit losses | Financial instruments credit-impaired after purchase or origination | Gross carrying amount | |||
Disclosure of credit risk exposure [line items] | |||
Financial assets | $ 5 | ||
Financial assets at amortised cost, category | Financial guarantees | IFRS 9 | – financial7 | Lifetime expected credit losses | Financial instruments credit-impaired after purchase or origination | Allowance for ECL | |||
Disclosure of credit risk exposure [line items] | |||
Financial assets | $ (1) | ||
Financial assets at amortised cost, category | Financial guarantees | IFRS 9 | – financial7 | Lifetime expected credit losses | POCI | |||
Disclosure of credit risk exposure [line items] | |||
ECL coverage | 0.00% | ||
Financial assets at amortised cost, category | Financial guarantees | IFRS 9 | – financial7 | Lifetime expected credit losses | POCI | Gross carrying amount | |||
Disclosure of credit risk exposure [line items] | |||
Financial assets | $ 0 | ||
Financial assets at amortised cost, category | Financial guarantees | IFRS 9 | – financial7 | Lifetime expected credit losses | POCI | Allowance for ECL | |||
Disclosure of credit risk exposure [line items] | |||
Financial assets | $ 0 |
Report Of The Directors Finan_7
Report Of The Directors Financial Review Risk Report - Stage 2 days past due analysis (Details) - USD ($) $ in Millions | Dec. 31, 2018 | Jan. 01, 2018 | Dec. 31, 2017 |
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | $ 2,471,203 | $ 2,433,785 | |
Loans and advances to customers | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 981,696 | 962,964 | |
Loans and advances to banks | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 72,167 | 90,393 | |
– personal | Loans and advances to customers | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 391,390 | 374,762 | |
– corporate and commercial | Loans and advances to customers | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 529,025 | 516,754 | |
Financial assets at amortised cost, category | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 62,666 | ||
Financial assets at amortised cost, category | Loans and advances to customers | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 962,964 | ||
Financial assets at amortised cost, category | Loans and advances to customers | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 970,448 | ||
Financial assets at amortised cost, category | Loans and advances to customers | Allowance for ECL | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | (7,484) | ||
Financial assets at amortised cost, category | Loans and advances to banks | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 90,393 | ||
Financial assets at amortised cost, category | Loans and advances to banks | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 90,393 | ||
Financial assets at amortised cost, category | Loans and advances to banks | Allowance for ECL | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 0 | ||
Financial assets at amortised cost, category | – personal | Loans and advances to customers | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 374,762 | ||
Financial assets at amortised cost, category | – personal | Loans and advances to customers | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 376,481 | ||
Financial assets at amortised cost, category | – personal | Loans and advances to customers | Allowance for ECL | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | (1,719) | ||
Financial assets at amortised cost, category | – corporate and commercial | Loans and advances to customers | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 516,754 | ||
Financial assets at amortised cost, category | – corporate and commercial | Loans and advances to customers | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 522,248 | ||
Financial assets at amortised cost, category | – corporate and commercial | Loans and advances to customers | Allowance for ECL | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | (5,494) | ||
Financial assets at amortised cost, category | – non-bank financial institutions | Loans and advances to customers | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 71,448 | ||
Financial assets at amortised cost, category | – non-bank financial institutions | Loans and advances to customers | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 71,719 | ||
Financial assets at amortised cost, category | – non-bank financial institutions | Loans and advances to customers | Allowance for ECL | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | $ (271) | ||
IFRS 9 | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 1,645,418 | $ 1,599,526 | |
IFRS 9 | Allowance for ECL | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | $ (8,693) | (9,480) | |
IFRS 9 | Financial assets at amortised cost, category | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
ECL coverage | 0.40% | ||
IFRS 9 | Financial assets at amortised cost, category | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | $ 2,260,944 | ||
IFRS 9 | Financial assets at amortised cost, category | Allowance for ECL | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | (9,111) | ||
IFRS 9 | Financial assets at amortised cost, category | Loans and advances to customers | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | $ 981,696 | 949,737 | |
ECL coverage | 0.90% | ||
IFRS 9 | Financial assets at amortised cost, category | Loans and advances to customers | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | $ 990,321 | 959,080 | |
IFRS 9 | Financial assets at amortised cost, category | Loans and advances to customers | Allowance for ECL | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | (8,625) | (9,343) | |
IFRS 9 | Financial assets at amortised cost, category | Loans and advances to banks | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | $ 72,167 | 82,559 | |
ECL coverage | 0.00% | ||
IFRS 9 | Financial assets at amortised cost, category | Loans and advances to banks | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | $ 72,180 | 82,582 | |
IFRS 9 | Financial assets at amortised cost, category | Loans and advances to banks | Allowance for ECL | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | (13) | (23) | |
IFRS 9 | Financial assets at amortised cost, category | Other financial assets | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | $ 582,862 | 557,750 | |
ECL coverage | 0.00% | ||
IFRS 9 | Financial assets at amortised cost, category | Other financial assets | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | $ 582,917 | 557,864 | |
IFRS 9 | Financial assets at amortised cost, category | Other financial assets | Allowance for ECL | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | $ (55) | (114) | |
IFRS 9 | Financial assets at amortised cost, category | Financial instruments not credit-impaired | Lifetime expected credit losses | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
ECL coverage | 2.60% | ||
IFRS 9 | Financial assets at amortised cost, category | Financial instruments not credit-impaired | Lifetime expected credit losses | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | $ 87,939 | ||
IFRS 9 | Financial assets at amortised cost, category | Financial instruments not credit-impaired | Lifetime expected credit losses | Allowance for ECL | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | (2,284) | ||
IFRS 9 | Financial assets at amortised cost, category | Financial instruments not credit-impaired | Lifetime expected credit losses | Loans and advances to customers | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | $ 59,678 | 70,457 | |
ECL coverage | 3.40% | ||
IFRS 9 | Financial assets at amortised cost, category | Financial instruments not credit-impaired | Lifetime expected credit losses | Loans and advances to customers | 1 to 29 DPD | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
ECL coverage | 8.00% | ||
IFRS 9 | Financial assets at amortised cost, category | Financial instruments not credit-impaired | Lifetime expected credit losses | Loans and advances to customers | 30 and greater DPD | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
ECL coverage | 13.30% | ||
IFRS 9 | Financial assets at amortised cost, category | Financial instruments not credit-impaired | Lifetime expected credit losses | Loans and advances to customers | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | $ 61,786 | 72,658 | |
IFRS 9 | Financial assets at amortised cost, category | Financial instruments not credit-impaired | Lifetime expected credit losses | Loans and advances to customers | Gross carrying amount | 1 to 29 DPD | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 2,554 | ||
IFRS 9 | Financial assets at amortised cost, category | Financial instruments not credit-impaired | Lifetime expected credit losses | Loans and advances to customers | Gross carrying amount | 30 and greater DPD | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 1,914 | ||
IFRS 9 | Financial assets at amortised cost, category | Financial instruments not credit-impaired | Lifetime expected credit losses | Loans and advances to customers | Allowance for ECL | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | (2,108) | (2,201) | |
IFRS 9 | Financial assets at amortised cost, category | Financial instruments not credit-impaired | Lifetime expected credit losses | Loans and advances to customers | Allowance for ECL | 1 to 29 DPD | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | (204) | ||
IFRS 9 | Financial assets at amortised cost, category | Financial instruments not credit-impaired | Lifetime expected credit losses | Loans and advances to customers | Allowance for ECL | 30 and greater DPD | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | (254) | ||
IFRS 9 | Financial assets at amortised cost, category | Financial instruments not credit-impaired | Lifetime expected credit losses | Loans and advances to banks | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | $ 305 | 1,536 | |
ECL coverage | 0.70% | ||
IFRS 9 | Financial assets at amortised cost, category | Financial instruments not credit-impaired | Lifetime expected credit losses | Loans and advances to banks | 1 to 29 DPD | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
ECL coverage | 0.00% | ||
IFRS 9 | Financial assets at amortised cost, category | Financial instruments not credit-impaired | Lifetime expected credit losses | Loans and advances to banks | 30 and greater DPD | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
ECL coverage | 0.00% | ||
IFRS 9 | Financial assets at amortised cost, category | Financial instruments not credit-impaired | Lifetime expected credit losses | Loans and advances to banks | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | $ 307 | 1,540 | |
IFRS 9 | Financial assets at amortised cost, category | Financial instruments not credit-impaired | Lifetime expected credit losses | Loans and advances to banks | Gross carrying amount | 1 to 29 DPD | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 0 | ||
IFRS 9 | Financial assets at amortised cost, category | Financial instruments not credit-impaired | Lifetime expected credit losses | Loans and advances to banks | Gross carrying amount | 30 and greater DPD | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 0 | ||
IFRS 9 | Financial assets at amortised cost, category | Financial instruments not credit-impaired | Lifetime expected credit losses | Loans and advances to banks | Allowance for ECL | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | (2) | (4) | |
IFRS 9 | Financial assets at amortised cost, category | Financial instruments not credit-impaired | Lifetime expected credit losses | Loans and advances to banks | Allowance for ECL | 1 to 29 DPD | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 0 | ||
IFRS 9 | Financial assets at amortised cost, category | Financial instruments not credit-impaired | Lifetime expected credit losses | Loans and advances to banks | Allowance for ECL | 30 and greater DPD | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 0 | ||
IFRS 9 | Financial assets at amortised cost, category | Financial instruments not credit-impaired | Lifetime expected credit losses | Other financial assets | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | $ 1,667 | 1,513 | |
ECL coverage | 0.40% | ||
IFRS 9 | Financial assets at amortised cost, category | Financial instruments not credit-impaired | Lifetime expected credit losses | Other financial assets | 1 to 29 DPD | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
ECL coverage | 0.00% | ||
IFRS 9 | Financial assets at amortised cost, category | Financial instruments not credit-impaired | Lifetime expected credit losses | Other financial assets | 30 and greater DPD | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
ECL coverage | 0.00% | ||
IFRS 9 | Financial assets at amortised cost, category | Financial instruments not credit-impaired | Lifetime expected credit losses | Other financial assets | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | $ 1,673 | 1,517 | |
IFRS 9 | Financial assets at amortised cost, category | Financial instruments not credit-impaired | Lifetime expected credit losses | Other financial assets | Gross carrying amount | 1 to 29 DPD | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 10 | ||
IFRS 9 | Financial assets at amortised cost, category | Financial instruments not credit-impaired | Lifetime expected credit losses | Other financial assets | Gross carrying amount | 30 and greater DPD | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 26 | ||
IFRS 9 | Financial assets at amortised cost, category | Financial instruments not credit-impaired | Lifetime expected credit losses | Other financial assets | Allowance for ECL | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | (6) | (4) | |
IFRS 9 | Financial assets at amortised cost, category | Financial instruments not credit-impaired | Lifetime expected credit losses | Other financial assets | Allowance for ECL | 1 to 29 DPD | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 0 | ||
IFRS 9 | Financial assets at amortised cost, category | Financial instruments not credit-impaired | Lifetime expected credit losses | Other financial assets | Allowance for ECL | 30 and greater DPD | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 0 | ||
IFRS 9 | Financial assets at amortised cost, category | – personal | Loans and advances to customers | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | $ 391,390 | ||
ECL coverage | 0.70% | ||
IFRS 9 | Financial assets at amortised cost, category | – personal | Loans and advances to customers | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | $ 394,337 | 375,069 | |
IFRS 9 | Financial assets at amortised cost, category | – personal | Loans and advances to customers | Allowance for ECL | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | $ (2,947) | (3,047) | |
IFRS 9 | Financial assets at amortised cost, category | – personal | Financial instruments not credit-impaired | Lifetime expected credit losses | Loans and advances to customers | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
ECL coverage | 8.40% | ||
IFRS 9 | Financial assets at amortised cost, category | – personal | Financial instruments not credit-impaired | Lifetime expected credit losses | Loans and advances to customers | 1 to 29 DPD | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
ECL coverage | 9.10% | ||
IFRS 9 | Financial assets at amortised cost, category | – personal | Financial instruments not credit-impaired | Lifetime expected credit losses | Loans and advances to customers | 30 and greater DPD | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
ECL coverage | 15.90% | ||
IFRS 9 | Financial assets at amortised cost, category | – personal | Financial instruments not credit-impaired | Lifetime expected credit losses | Loans and advances to customers | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | $ 15,075 | ||
IFRS 9 | Financial assets at amortised cost, category | – personal | Financial instruments not credit-impaired | Lifetime expected credit losses | Loans and advances to customers | Gross carrying amount | 1 to 29 DPD | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 1,807 | ||
IFRS 9 | Financial assets at amortised cost, category | – personal | Financial instruments not credit-impaired | Lifetime expected credit losses | Loans and advances to customers | Gross carrying amount | 30 and greater DPD | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 1,383 | ||
IFRS 9 | Financial assets at amortised cost, category | – personal | Financial instruments not credit-impaired | Lifetime expected credit losses | Loans and advances to customers | Allowance for ECL | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | (1,265) | ||
IFRS 9 | Financial assets at amortised cost, category | – personal | Financial instruments not credit-impaired | Lifetime expected credit losses | Loans and advances to customers | Allowance for ECL | 1 to 29 DPD | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | (165) | ||
IFRS 9 | Financial assets at amortised cost, category | – personal | Financial instruments not credit-impaired | Lifetime expected credit losses | Loans and advances to customers | Allowance for ECL | 30 and greater DPD | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | (220) | ||
IFRS 9 | Financial assets at amortised cost, category | – corporate and commercial | Loans and advances to customers | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | $ 529,025 | ||
ECL coverage | 1.00% | ||
IFRS 9 | Financial assets at amortised cost, category | – corporate and commercial | Loans and advances to customers | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | $ 534,577 | 520,137 | |
IFRS 9 | Financial assets at amortised cost, category | – corporate and commercial | Loans and advances to customers | Allowance for ECL | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | $ (5,552) | (6,053) | |
IFRS 9 | Financial assets at amortised cost, category | – corporate and commercial | Financial instruments not credit-impaired | Lifetime expected credit losses | Loans and advances to customers | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
ECL coverage | 1.80% | ||
IFRS 9 | Financial assets at amortised cost, category | – corporate and commercial | Financial instruments not credit-impaired | Lifetime expected credit losses | Loans and advances to customers | 1 to 29 DPD | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
ECL coverage | 5.30% | ||
IFRS 9 | Financial assets at amortised cost, category | – corporate and commercial | Financial instruments not credit-impaired | Lifetime expected credit losses | Loans and advances to customers | 30 and greater DPD | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
ECL coverage | 7.00% | ||
IFRS 9 | Financial assets at amortised cost, category | – corporate and commercial | Financial instruments not credit-impaired | Lifetime expected credit losses | Loans and advances to customers | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | $ 44,779 | ||
IFRS 9 | Financial assets at amortised cost, category | – corporate and commercial | Financial instruments not credit-impaired | Lifetime expected credit losses | Loans and advances to customers | Gross carrying amount | 1 to 29 DPD | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 737 | ||
IFRS 9 | Financial assets at amortised cost, category | – corporate and commercial | Financial instruments not credit-impaired | Lifetime expected credit losses | Loans and advances to customers | Gross carrying amount | 30 and greater DPD | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 485 | ||
IFRS 9 | Financial assets at amortised cost, category | – corporate and commercial | Financial instruments not credit-impaired | Lifetime expected credit losses | Loans and advances to customers | Allowance for ECL | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | (812) | ||
IFRS 9 | Financial assets at amortised cost, category | – corporate and commercial | Financial instruments not credit-impaired | Lifetime expected credit losses | Loans and advances to customers | Allowance for ECL | 1 to 29 DPD | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | (39) | ||
IFRS 9 | Financial assets at amortised cost, category | – corporate and commercial | Financial instruments not credit-impaired | Lifetime expected credit losses | Loans and advances to customers | Allowance for ECL | 30 and greater DPD | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | (34) | ||
IFRS 9 | Financial assets at amortised cost, category | – non-bank financial institutions | Loans and advances to customers | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | $ 61,281 | ||
ECL coverage | 0.20% | ||
IFRS 9 | Financial assets at amortised cost, category | – non-bank financial institutions | Loans and advances to customers | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | $ 61,407 | 63,874 | |
IFRS 9 | Financial assets at amortised cost, category | – non-bank financial institutions | Loans and advances to customers | Allowance for ECL | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | $ (126) | $ (243) | |
IFRS 9 | Financial assets at amortised cost, category | – non-bank financial institutions | Financial instruments not credit-impaired | Lifetime expected credit losses | Loans and advances to customers | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
ECL coverage | 1.60% | ||
IFRS 9 | Financial assets at amortised cost, category | – non-bank financial institutions | Financial instruments not credit-impaired | Lifetime expected credit losses | Loans and advances to customers | 1 to 29 DPD | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
ECL coverage | 0.00% | ||
IFRS 9 | Financial assets at amortised cost, category | – non-bank financial institutions | Financial instruments not credit-impaired | Lifetime expected credit losses | Loans and advances to customers | 30 and greater DPD | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
ECL coverage | 0.00% | ||
IFRS 9 | Financial assets at amortised cost, category | – non-bank financial institutions | Financial instruments not credit-impaired | Lifetime expected credit losses | Loans and advances to customers | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | $ 1,932 | ||
IFRS 9 | Financial assets at amortised cost, category | – non-bank financial institutions | Financial instruments not credit-impaired | Lifetime expected credit losses | Loans and advances to customers | Gross carrying amount | 1 to 29 DPD | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 10 | ||
IFRS 9 | Financial assets at amortised cost, category | – non-bank financial institutions | Financial instruments not credit-impaired | Lifetime expected credit losses | Loans and advances to customers | Gross carrying amount | 30 and greater DPD | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 46 | ||
IFRS 9 | Financial assets at amortised cost, category | – non-bank financial institutions | Financial instruments not credit-impaired | Lifetime expected credit losses | Loans and advances to customers | Allowance for ECL | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | (31) | ||
IFRS 9 | Financial assets at amortised cost, category | – non-bank financial institutions | Financial instruments not credit-impaired | Lifetime expected credit losses | Loans and advances to customers | Allowance for ECL | 1 to 29 DPD | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 0 | ||
IFRS 9 | Financial assets at amortised cost, category | – non-bank financial institutions | Financial instruments not credit-impaired | Lifetime expected credit losses | Loans and advances to customers | Allowance for ECL | 30 and greater DPD | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | $ 0 |
Report Of The Directors Finan_8
Report Of The Directors Financial Review Risk Report - Maximum exposure to credit risk - 2018 (Details) - USD ($) $ in Millions | Dec. 31, 2018 | Dec. 31, 2017 |
Disclosure of detailed information about financial instruments [line items] | ||
Maximum exposure | $ 2,722,039 | $ 3,077,500 |
Offset | (245,628) | (244,240) |
Net | 2,476,411 | 2,833,260 |
On Balance Sheet Risk | ||
Disclosure of detailed information about financial instruments [line items] | ||
Maximum exposure | 1,847,288 | 2,305,592 |
Offset | (245,628) | (244,240) |
Net | 1,601,660 | 2,061,352 |
On Balance Sheet Risk | Loans and advances to customers | ||
Disclosure of detailed information about financial instruments [line items] | ||
Maximum exposure | 981,696 | 962,964 |
Offset | (29,534) | (35,414) |
Net | 952,162 | 927,550 |
On Balance Sheet Risk | Loans and advances to customers | – personal | ||
Disclosure of detailed information about financial instruments [line items] | ||
Maximum exposure | 391,390 | 374,762 |
Offset | (3,679) | (2,946) |
Net | 387,711 | 371,816 |
On Balance Sheet Risk | Loans and advances to customers | – corporate and commercial | ||
Disclosure of detailed information about financial instruments [line items] | ||
Maximum exposure | 529,025 | 516,754 |
Offset | (23,421) | (29,459) |
Net | 505,604 | 487,295 |
On Balance Sheet Risk | Loans and advances to customers | – non-bank financial institutions | ||
Disclosure of detailed information about financial instruments [line items] | ||
Maximum exposure | 61,281 | |
Offset | (2,434) | |
Net | 58,847 | |
On Balance Sheet Risk | Loans and advances to banks | ||
Disclosure of detailed information about financial instruments [line items] | ||
Maximum exposure | 72,167 | 90,393 |
Offset | 0 | (273) |
Net | 72,167 | 90,120 |
On Balance Sheet Risk | Other financial assets | ||
Disclosure of detailed information about financial instruments [line items] | ||
Maximum exposure | 585,600 | |
Offset | (21,788) | |
Net | 563,812 | |
On Balance Sheet Risk | Cash and balances at central banks | ||
Disclosure of detailed information about financial instruments [line items] | ||
Maximum exposure | 162,843 | |
Offset | 0 | |
Net | 162,843 | |
On Balance Sheet Risk | Items in the course of collection from other banks | ||
Disclosure of detailed information about financial instruments [line items] | ||
Maximum exposure | 5,787 | |
Offset | 0 | |
Net | 5,787 | |
On Balance Sheet Risk | Hong Kong Government certificates of indebtedness | ||
Disclosure of detailed information about financial instruments [line items] | ||
Maximum exposure | 35,859 | |
Offset | 0 | |
Net | 35,859 | |
On Balance Sheet Risk | Reverse repurchase agreements – non-trading | ||
Disclosure of detailed information about financial instruments [line items] | ||
Maximum exposure | 242,804 | 201,553 |
Offset | (21,788) | (3,724) |
Net | 221,016 | 197,829 |
On Balance Sheet Risk | Financial investments | ||
Disclosure of detailed information about financial instruments [line items] | ||
Maximum exposure | 62,666 | |
Offset | 0 | |
Net | 62,666 | |
On Balance Sheet Risk | Prepayments, accrued income and other assets | ||
Disclosure of detailed information about financial instruments [line items] | ||
Maximum exposure | 75,641 | |
Offset | 0 | |
Net | 75,641 | |
On Balance Sheet Risk | Derivatives | ||
Disclosure of detailed information about financial instruments [line items] | ||
Maximum exposure | 207,825 | 219,818 |
Offset | (194,306) | (204,829) |
Net | 13,519 | 14,989 |
Off Balance Sheet Risk | ||
Disclosure of detailed information about financial instruments [line items] | ||
Maximum exposure | 874,751 | 771,908 |
Offset | 0 | 0 |
Net | 874,751 | 771,908 |
Off Balance Sheet Risk | Financial and other guarantees | ||
Disclosure of detailed information about financial instruments [line items] | ||
Maximum exposure | 94,810 | |
Offset | 0 | |
Net | 94,810 | |
Off Balance Sheet Risk | Loan and other credit-related commitments | ||
Disclosure of detailed information about financial instruments [line items] | ||
Maximum exposure | 779,941 | 730,486 |
Offset | 0 | 0 |
Net | $ 779,941 | $ 730,486 |
Report Of The Directors Finan_9
Report Of The Directors Financial Review Risk Report - Reconciliation of changes in gross carrying/nominal amount and allowances for loans and advances to banks and customers including loan commitments and financial guarantees (Details) - USD ($) $ in Millions | 12 Months Ended | |
Dec. 31, 2018 | Jan. 01, 2018 | |
Increase (decrease) in financial assets [abstract] | ||
Financial assets, beginning balance | $ 2,433,785 | |
Financial assets, ending balance | 2,471,203 | |
Financial assets | 2,433,785 | |
Financial assets at amortised cost, category | ||
Increase (decrease) in financial assets [abstract] | ||
Financial assets, ending balance | 62,666 | |
Financial assets | 62,666 | |
Reverse repurchase agreements - non-trading | ||
Increase (decrease) in financial assets [abstract] | ||
Financial assets, beginning balance | 201,553 | |
Financial assets, ending balance | ||
Financial assets | 201,553 | |
Debt securities | ||
Increase (decrease) in financial assets [abstract] | ||
Financial assets, beginning balance | 52,919 | |
Financial assets, ending balance | 62,666 | |
Financial assets | 52,919 | |
Debt securities | Financial assets at amortised cost, category | ||
Increase (decrease) in financial assets [abstract] | ||
Financial assets, ending balance | 61,987 | |
Financial assets | 61,987 | |
IFRS 9 | Financial assets measured at fair value through other comprehensive income, category | ||
Increase (decrease) in financial assets [abstract] | ||
Financial assets, ending balance | 341,782 | |
Financial assets | 341,782 | $ 322,511 |
IFRS 9 | Other financial assets | Financial assets at amortised cost, category | ||
Increase (decrease) in financial assets [abstract] | ||
Financial assets, ending balance | 582,862 | |
Financial assets | 582,862 | 557,750 |
IFRS 9 | Reverse repurchase agreements - non-trading | Financial assets at amortised cost, category | ||
Increase (decrease) in financial assets [abstract] | ||
Financial assets, ending balance | 242,804 | |
Financial assets | 242,804 | |
IFRS 9 | Debt securities | Financial assets measured at fair value through other comprehensive income, category | ||
Increase (decrease) in financial assets [abstract] | ||
Financial assets, ending balance | 341,782 | |
Financial assets | 341,782 | |
12-month expected credit losses | Financial instruments not credit-impaired | IFRS 9 | Other financial assets | Financial assets at amortised cost, category | ||
Increase (decrease) in financial assets [abstract] | ||
Financial assets, ending balance | 581,091 | |
Financial assets | 581,091 | 556,157 |
12-month expected credit losses | Financial instruments not credit-impaired | IFRS 9 | Debt securities | Financial assets measured at fair value through other comprehensive income, category | ||
Increase (decrease) in financial assets [abstract] | ||
Financial assets, ending balance | 341,022 | |
Financial assets | 341,022 | 319,794 |
Lifetime expected credit losses | Financial instruments not credit-impaired | IFRS 9 | Other financial assets | Financial assets at amortised cost, category | ||
Increase (decrease) in financial assets [abstract] | ||
Financial assets, ending balance | 1,667 | |
Financial assets | 1,667 | 1,513 |
Lifetime expected credit losses | Financial instruments not credit-impaired | IFRS 9 | Debt securities | Financial assets measured at fair value through other comprehensive income, category | ||
Increase (decrease) in financial assets [abstract] | ||
Financial assets, ending balance | 749 | |
Financial assets | 749 | 2,147 |
Lifetime expected credit losses | Financial instruments credit-impaired after purchase or origination | IFRS 9 | Other financial assets | Financial assets at amortised cost, category | ||
Increase (decrease) in financial assets [abstract] | ||
Financial assets, ending balance | 104 | |
Financial assets | 104 | 73 |
Lifetime expected credit losses | Financial instruments credit-impaired after purchase or origination | IFRS 9 | Debt securities | Financial assets measured at fair value through other comprehensive income, category | ||
Increase (decrease) in financial assets [abstract] | ||
Financial assets, ending balance | 7 | |
Financial assets | 7 | 570 |
Lifetime expected credit losses | POCI | IFRS 9 | Other financial assets | Financial assets at amortised cost, category | ||
Increase (decrease) in financial assets [abstract] | ||
Financial assets, ending balance | 0 | |
Financial assets | 0 | 7 |
Lifetime expected credit losses | POCI | IFRS 9 | Debt securities | Financial assets measured at fair value through other comprehensive income, category | ||
Increase (decrease) in financial assets [abstract] | ||
Financial assets, ending balance | 4 | |
Financial assets | 4 | 0 |
Gross carrying amount | Reverse repurchase agreements - non-trading | ||
Increase (decrease) in financial assets [abstract] | ||
Financial assets, beginning balance | 201,553 | |
Financial assets, ending balance | ||
Financial assets | 201,553 | |
Gross carrying amount | Debt securities | Financial assets measured at fair value through other comprehensive income, category | ||
Increase (decrease) in financial assets [abstract] | ||
Financial assets, ending balance | 343,110 | |
Financial assets | 343,110 | 322,163 |
Gross carrying amount | IFRS 9 | ||
Increase (decrease) in financial assets [abstract] | ||
Financial assets, ending balance | 1,645,418 | |
Financial assets | 1,645,418 | 1,599,526 |
Gross carrying amount | IFRS 9 | Financial assets at amortised cost, category | ||
Increase (decrease) in financial assets [abstract] | ||
Financial assets, ending balance | 2,260,944 | |
Financial assets | 2,260,944 | |
Gross carrying amount | IFRS 9 | Financial assets measured at fair value through other comprehensive income, category | ||
Increase (decrease) in financial assets [abstract] | ||
Financial assets, ending balance | 341,866 | |
Financial assets | 341,866 | 322,695 |
Gross carrying amount | IFRS 9 | Financial instruments including loan commitments and financial guarantees | ||
Increase (decrease) in financial assets [abstract] | ||
Financial assets, ending balance | 2,260,944 | |
Financial assets | 2,260,944 | |
Gross carrying amount | IFRS 9 | Loans and advances to banks and customers, including loan commitments and financial guarantees | ||
Increase (decrease) in financial assets [abstract] | ||
Financial assets, beginning balance | 1,565,014 | |
Net new and further lending/repayments | 107,217 | |
Assets written off | (2,569) | |
Foreign exchange | (56,508) | |
Others | (508) | |
Financial assets, ending balance | 1,612,646 | |
Financial assets | 1,565,014 | |
Gross carrying amount | IFRS 9 | Other financial assets | Financial assets at amortised cost, category | ||
Increase (decrease) in financial assets [abstract] | ||
Financial assets, ending balance | 582,917 | |
Financial assets | 582,917 | 557,864 |
Gross carrying amount | IFRS 9 | Reverse repurchase agreements - non-trading | ||
Increase (decrease) in financial assets [abstract] | ||
Financial assets, ending balance | 65,381 | |
Financial assets | 65,381 | |
Gross carrying amount | IFRS 9 | Reverse repurchase agreements - non-trading | Financial assets at amortised cost, category | ||
Increase (decrease) in financial assets [abstract] | ||
Financial assets, ending balance | 242,804 | |
Financial assets | 242,804 | 201,553 |
Gross carrying amount | IFRS 9 | Debt securities | Financial assets measured at fair value through other comprehensive income, category | ||
Increase (decrease) in financial assets [abstract] | ||
Financial assets, ending balance | 341,866 | |
Financial assets | 341,866 | |
Gross carrying amount | 12-month expected credit losses | Financial instruments not credit-impaired | IFRS 9 | Financial assets at amortised cost, category | ||
Increase (decrease) in financial assets [abstract] | ||
Financial assets, ending balance | 2,158,313 | |
Financial assets | 2,158,313 | |
Gross carrying amount | 12-month expected credit losses | Financial instruments not credit-impaired | IFRS 9 | Loans and advances to banks and customers, including loan commitments and financial guarantees | ||
Increase (decrease) in financial assets [abstract] | ||
Financial assets, beginning balance | 1,446,857 | |
Transfers of financial instruments: | (8,747) | |
– transfers from stage 1 to stage 2 | (84,181) | |
– transfers from stage 2 to stage 1 | 77,325 | |
– transfers to stage 3 | (2,250) | |
– transfers from stage 3 | 359 | |
Net new and further lending/repayments | 126,868 | |
Foreign exchange | (52,983) | |
Others | (156) | |
Financial assets, ending balance | 1,511,839 | |
Financial assets | 1,446,857 | |
Gross carrying amount | 12-month expected credit losses | Financial instruments not credit-impaired | IFRS 9 | Other financial assets | Financial assets at amortised cost, category | ||
Increase (decrease) in financial assets [abstract] | ||
Financial assets, ending balance | 581,118 | |
Financial assets | 581,118 | 556,185 |
Gross carrying amount | 12-month expected credit losses | Financial instruments not credit-impaired | IFRS 9 | Debt securities | Financial assets measured at fair value through other comprehensive income, category | ||
Increase (decrease) in financial assets [abstract] | ||
Financial assets, ending balance | 341,055 | |
Financial assets | 341,055 | 319,822 |
Gross carrying amount | Lifetime expected credit losses | Financial instruments not credit-impaired | IFRS 9 | Financial assets at amortised cost, category | ||
Increase (decrease) in financial assets [abstract] | ||
Financial assets, ending balance | 87,939 | |
Financial assets | 87,939 | |
Gross carrying amount | Lifetime expected credit losses | Financial instruments not credit-impaired | IFRS 9 | Loans and advances to banks and customers, including loan commitments and financial guarantees | ||
Increase (decrease) in financial assets [abstract] | ||
Financial assets, beginning balance | 102,032 | |
Transfers of financial instruments: | 3,582 | |
– transfers from stage 1 to stage 2 | 84,181 | |
– transfers from stage 2 to stage 1 | (77,325) | |
– transfers to stage 3 | (4,439) | |
– transfers from stage 3 | 1,165 | |
Net new and further lending/repayments | (16,162) | |
Foreign exchange | (2,863) | |
Others | (348) | |
Financial assets, ending balance | 86,241 | |
Financial assets | 102,032 | |
Gross carrying amount | Lifetime expected credit losses | Financial instruments not credit-impaired | IFRS 9 | Other financial assets | Financial assets at amortised cost, category | ||
Increase (decrease) in financial assets [abstract] | ||
Financial assets, ending balance | 1,673 | |
Financial assets | 1,673 | 1,517 |
Gross carrying amount | Lifetime expected credit losses | Financial instruments not credit-impaired | IFRS 9 | Debt securities | Financial assets measured at fair value through other comprehensive income, category | ||
Increase (decrease) in financial assets [abstract] | ||
Financial assets, ending balance | 799 | |
Financial assets | 799 | 2,289 |
Gross carrying amount | Lifetime expected credit losses | Financial instruments credit-impaired after purchase or origination | IFRS 9 | Financial assets at amortised cost, category | ||
Increase (decrease) in financial assets [abstract] | ||
Financial assets, ending balance | 14,358 | |
Financial assets | 14,358 | |
Gross carrying amount | Lifetime expected credit losses | Financial instruments credit-impaired after purchase or origination | IFRS 9 | Loans and advances to banks and customers, including loan commitments and financial guarantees | ||
Increase (decrease) in financial assets [abstract] | ||
Financial assets, beginning balance | 15,083 | |
Transfers of financial instruments: | 5,165 | |
– transfers to stage 3 | 6,689 | |
– transfers from stage 3 | (1,524) | |
Net new and further lending/repayments | (2,902) | |
Assets written off | (2,568) | |
Foreign exchange | (636) | |
Others | 90 | |
Financial assets, ending balance | 14,232 | |
Financial assets | 15,083 | |
Gross carrying amount | Lifetime expected credit losses | Financial instruments credit-impaired after purchase or origination | IFRS 9 | Other financial assets | Financial assets at amortised cost, category | ||
Increase (decrease) in financial assets [abstract] | ||
Financial assets, ending balance | 126 | |
Financial assets | 126 | 155 |
Gross carrying amount | Lifetime expected credit losses | Financial instruments credit-impaired after purchase or origination | IFRS 9 | Debt securities | Financial assets measured at fair value through other comprehensive income, category | ||
Increase (decrease) in financial assets [abstract] | ||
Financial assets, ending balance | 8 | |
Financial assets | 8 | 584 |
Gross carrying amount | Lifetime expected credit losses | POCI | IFRS 9 | Financial assets at amortised cost, category | ||
Increase (decrease) in financial assets [abstract] | ||
Financial assets, ending balance | 334 | |
Financial assets | 334 | |
Gross carrying amount | Lifetime expected credit losses | POCI | IFRS 9 | Loans and advances to banks and customers, including loan commitments and financial guarantees | ||
Increase (decrease) in financial assets [abstract] | ||
Financial assets, beginning balance | 1,042 | |
Net new and further lending/repayments | (587) | |
Assets written off | (1) | |
Foreign exchange | (26) | |
Others | (94) | |
Financial assets, ending balance | 334 | |
Financial assets | 1,042 | |
Gross carrying amount | Lifetime expected credit losses | POCI | IFRS 9 | Other financial assets | Financial assets at amortised cost, category | ||
Increase (decrease) in financial assets [abstract] | ||
Financial assets, ending balance | 0 | |
Financial assets | 0 | 7 |
Gross carrying amount | Lifetime expected credit losses | POCI | IFRS 9 | Debt securities | Financial assets measured at fair value through other comprehensive income, category | ||
Increase (decrease) in financial assets [abstract] | ||
Financial assets, ending balance | 4 | |
Financial assets | 4 | 0 |
Allowance for ECL | Financial instruments including loan commitments and financial guarantees | ||
Increase (decrease) in financial assets [abstract] | ||
Financial assets, ending balance | (9,195) | |
Total change in ECL for the period | (1,767) | |
Financial assets | (9,195) | |
Allowance for ECL | Reverse repurchase agreements - non-trading | ||
Increase (decrease) in financial assets [abstract] | ||
Financial assets, beginning balance | 0 | |
Financial assets, ending balance | ||
Financial assets | 0 | |
Allowance for ECL | Debt securities | Financial assets measured at fair value through other comprehensive income, category | ||
Increase (decrease) in financial assets [abstract] | ||
Financial assets, ending balance | (84) | |
Total change in ECL for the period | 105 | |
Financial assets | (84) | (184) |
Allowance for ECL | IFRS 9 | ||
Increase (decrease) in financial assets [abstract] | ||
Financial assets, ending balance | (8,693) | |
Financial assets | (8,693) | (9,480) |
Allowance for ECL | IFRS 9 | Financial assets at amortised cost, category | ||
Increase (decrease) in financial assets [abstract] | ||
Financial assets, ending balance | (9,111) | |
Financial assets | (9,111) | |
Allowance for ECL | IFRS 9 | Financial assets measured at fair value through other comprehensive income, category | ||
Increase (decrease) in financial assets [abstract] | ||
Financial assets, ending balance | (84) | |
Financial assets | (84) | (184) |
Allowance for ECL | IFRS 9 | Financial instruments including loan commitments and financial guarantees | ||
Increase (decrease) in financial assets [abstract] | ||
Financial assets, ending balance | (9,111) | |
Total change in ECL for the period | (1,872) | |
Financial assets | (9,111) | |
Allowance for ECL | IFRS 9 | Loans and advances to banks and customers, including loan commitments and financial guarantees | ||
Increase (decrease) in financial assets [abstract] | ||
Financial assets, beginning balance | (9,839) | |
Net remeasurement of ECL arising from transfer of stage | (88) | |
Net new and further lending/repayments | 827 | |
Changes to risk parameters – credit quality | (2,953) | |
Assets written off | 2,553 | |
Foreign exchange | 413 | |
Others | 31 | |
Financial assets, ending balance | (9,056) | |
ECL release/(charge) for the period | (2,214) | |
Recoveries | 408 | |
Others | (87) | |
Total change in ECL for the period | (1,893) | |
Financial assets | (9,839) | |
Allowance for ECL | IFRS 9 | Other financial assets | Financial assets at amortised cost, category | ||
Increase (decrease) in financial assets [abstract] | ||
Financial assets, ending balance | (55) | |
Total change in ECL for the period | 21 | |
Financial assets | (55) | (114) |
Allowance for ECL | IFRS 9 | Reverse repurchase agreements - non-trading | Financial assets at amortised cost, category | ||
Increase (decrease) in financial assets [abstract] | ||
Financial assets, ending balance | 0 | |
Financial assets | 0 | 0 |
Allowance for ECL | IFRS 9 | Debt securities | Financial assets measured at fair value through other comprehensive income, category | ||
Increase (decrease) in financial assets [abstract] | ||
Financial assets, ending balance | (84) | |
Financial assets | (84) | |
Allowance for ECL | 12-month expected credit losses | Financial instruments not credit-impaired | IFRS 9 | Financial assets at amortised cost, category | ||
Increase (decrease) in financial assets [abstract] | ||
Financial assets, ending balance | (1,476) | |
Financial assets | (1,476) | |
Allowance for ECL | 12-month expected credit losses | Financial instruments not credit-impaired | IFRS 9 | Loans and advances to banks and customers, including loan commitments and financial guarantees | ||
Increase (decrease) in financial assets [abstract] | ||
Financial assets, beginning balance | (1,469) | |
Transfers of financial instruments: | (685) | |
– transfers from stage 1 to stage 2 | 319 | |
– transfers from stage 2 to stage 1 | (999) | |
– transfers to stage 3 | 35 | |
– transfers from stage 3 | (40) | |
Net remeasurement of ECL arising from transfer of stage | 620 | |
Net new and further lending/repayments | (512) | |
Changes to risk parameters – credit quality | 423 | |
Foreign exchange | 76 | |
Others | 98 | |
Financial assets, ending balance | (1,449) | |
ECL release/(charge) for the period | 531 | |
Financial assets | (1,469) | |
Allowance for ECL | 12-month expected credit losses | Financial instruments not credit-impaired | IFRS 9 | Other financial assets | Financial assets at amortised cost, category | ||
Increase (decrease) in financial assets [abstract] | ||
Financial assets, ending balance | (27) | |
Financial assets | (27) | (28) |
Allowance for ECL | 12-month expected credit losses | Financial instruments not credit-impaired | IFRS 9 | Debt securities | Financial assets measured at fair value through other comprehensive income, category | ||
Increase (decrease) in financial assets [abstract] | ||
Financial assets, ending balance | (33) | |
Financial assets | (33) | (28) |
Allowance for ECL | Lifetime expected credit losses | Financial instruments not credit-impaired | IFRS 9 | Financial assets at amortised cost, category | ||
Increase (decrease) in financial assets [abstract] | ||
Financial assets, ending balance | (2,284) | |
Financial assets | (2,284) | |
Allowance for ECL | Lifetime expected credit losses | Financial instruments not credit-impaired | IFRS 9 | Loans and advances to banks and customers, including loan commitments and financial guarantees | ||
Increase (decrease) in financial assets [abstract] | ||
Financial assets, beginning balance | (2,406) | |
Transfers of financial instruments: | 1,185 | |
– transfers from stage 1 to stage 2 | (319) | |
– transfers from stage 2 to stage 1 | 999 | |
– transfers to stage 3 | 607 | |
– transfers from stage 3 | (102) | |
Net remeasurement of ECL arising from transfer of stage | (605) | |
Net new and further lending/repayments | 564 | |
Changes to risk parameters – credit quality | (1,087) | |
Foreign exchange | 99 | |
Others | (28) | |
Financial assets, ending balance | (2,278) | |
ECL release/(charge) for the period | (1,128) | |
Financial assets | (2,406) | |
Allowance for ECL | Lifetime expected credit losses | Financial instruments not credit-impaired | IFRS 9 | Other financial assets | Financial assets at amortised cost, category | ||
Increase (decrease) in financial assets [abstract] | ||
Financial assets, ending balance | (6) | |
Financial assets | (6) | (4) |
Allowance for ECL | Lifetime expected credit losses | Financial instruments not credit-impaired | IFRS 9 | Debt securities | Financial assets measured at fair value through other comprehensive income, category | ||
Increase (decrease) in financial assets [abstract] | ||
Financial assets, ending balance | (50) | |
Financial assets | (50) | (142) |
Allowance for ECL | Lifetime expected credit losses | Financial instruments credit-impaired after purchase or origination | IFRS 9 | Financial assets at amortised cost, category | ||
Increase (decrease) in financial assets [abstract] | ||
Financial assets, ending balance | (5,157) | |
Financial assets | (5,157) | |
Allowance for ECL | Lifetime expected credit losses | Financial instruments credit-impaired after purchase or origination | IFRS 9 | Loans and advances to banks and customers, including loan commitments and financial guarantees | ||
Increase (decrease) in financial assets [abstract] | ||
Financial assets, beginning balance | (5,722) | |
Transfers of financial instruments: | (500) | |
– transfers to stage 3 | (642) | |
– transfers from stage 3 | 142 | |
Net remeasurement of ECL arising from transfer of stage | (103) | |
Net new and further lending/repayments | 733 | |
Changes to risk parameters – credit quality | (2,238) | |
Assets written off | 2,552 | |
Foreign exchange | 232 | |
Others | (89) | |
Financial assets, ending balance | (5,135) | |
ECL release/(charge) for the period | (1,608) | |
Financial assets | (5,722) | |
Allowance for ECL | Lifetime expected credit losses | Financial instruments credit-impaired after purchase or origination | IFRS 9 | Other financial assets | Financial assets at amortised cost, category | ||
Increase (decrease) in financial assets [abstract] | ||
Financial assets, ending balance | (22) | |
Financial assets | (22) | (82) |
Allowance for ECL | Lifetime expected credit losses | Financial instruments credit-impaired after purchase or origination | IFRS 9 | Debt securities | Financial assets measured at fair value through other comprehensive income, category | ||
Increase (decrease) in financial assets [abstract] | ||
Financial assets, ending balance | (1) | |
Financial assets | (1) | (14) |
Allowance for ECL | Lifetime expected credit losses | POCI | IFRS 9 | Financial assets at amortised cost, category | ||
Increase (decrease) in financial assets [abstract] | ||
Financial assets, ending balance | (194) | |
Financial assets | (194) | |
Allowance for ECL | Lifetime expected credit losses | POCI | IFRS 9 | Loans and advances to banks and customers, including loan commitments and financial guarantees | ||
Increase (decrease) in financial assets [abstract] | ||
Financial assets, beginning balance | (242) | |
Net new and further lending/repayments | 42 | |
Changes to risk parameters – credit quality | (51) | |
Assets written off | 1 | |
Foreign exchange | 6 | |
Others | 50 | |
Financial assets, ending balance | (194) | |
ECL release/(charge) for the period | (9) | |
Financial assets | (242) | |
Allowance for ECL | Lifetime expected credit losses | POCI | IFRS 9 | Other financial assets | Financial assets at amortised cost, category | ||
Increase (decrease) in financial assets [abstract] | ||
Financial assets, ending balance | 0 | |
Financial assets | 0 | 0 |
Allowance for ECL | Lifetime expected credit losses | POCI | IFRS 9 | Debt securities | Financial assets measured at fair value through other comprehensive income, category | ||
Increase (decrease) in financial assets [abstract] | ||
Financial assets, ending balance | 0 | |
Financial assets | $ 0 | $ 0 |
Report Of The Directors Fina_10
Report Of The Directors Financial Review Risk Report - Distribution of financial instruments by credit quality - 2018 (Details) - USD ($) $ in Millions | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Jan. 01, 2018 | |
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | $ 2,471,203 | $ 2,433,785 | |
Off-balance sheet commitments | 259,643 | ||
Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Off-balance sheet commitments | 259,742 | ||
Allowance for ECL | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Off-balance sheet commitments | (99) | ||
Financial assets at amortised cost, category | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 62,666 | ||
Financial assets designated and otherwise mandatorily measured at fair value through profit or loss | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 2,349 | 29,464 | |
Loan and other credit-related commitments | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Off-balance sheet commitments | 188,258 | ||
Loan and other credit-related commitments | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Off-balance sheet commitments | 188,258 | ||
Loan and other credit-related commitments | Allowance for ECL | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Off-balance sheet commitments | 0 | ||
Performance and other guarantees | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Off-balance sheet commitments | 71,385 | ||
Performance and other guarantees | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Off-balance sheet commitments | 71,484 | ||
Performance and other guarantees | Allowance for ECL | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Off-balance sheet commitments | (99) | ||
Loans and advances to customers | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 981,696 | 962,964 | |
Loans and advances to customers | Financial assets at amortised cost, category | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 962,964 | ||
Loans and advances to customers | Financial assets at amortised cost, category | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 970,448 | ||
Loans and advances to customers | Financial assets at amortised cost, category | Allowance for ECL | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | (7,484) | ||
Loans and advances to banks | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 72,167 | 90,393 | |
Loans and advances to banks | Financial assets at amortised cost, category | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 90,393 | ||
Loans and advances to banks | Financial assets at amortised cost, category | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 90,393 | ||
Loans and advances to banks | Financial assets at amortised cost, category | Allowance for ECL | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 0 | ||
Cash and balances at central banks | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 180,624 | ||
Cash and balances at central banks | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 180,624 | ||
Items in the course of collection from other banks | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 6,628 | ||
Items in the course of collection from other banks | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 6,628 | ||
Hong Kong Government certificates of indebtedness | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 34,186 | ||
Hong Kong Government certificates of indebtedness | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 34,186 | ||
Reverse repurchase agreements - non-trading | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 201,553 | ||
Reverse repurchase agreements - non-trading | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 201,553 | ||
Reverse repurchase agreements - non-trading | Allowance for ECL | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 0 | ||
Financial investments | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 385,159 | ||
Financial investments | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 385,159 | ||
Other assets | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 30,828 | ||
Other assets | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 30,876 | ||
Other assets | Allowance for ECL | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | (48) | ||
– endorsements and acceptances | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 9,750 | ||
– endorsements and acceptances | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 9,750 | ||
– accrued income and other | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 20,644 | ||
– accrued income and other | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 20,644 | ||
Debt securities | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 62,666 | 52,919 | |
Debt securities | Financial assets at amortised cost, category | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 61,987 | ||
Debt securities | Financial assets measured at fair value through other comprehensive income, category | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 343,110 | $ 322,163 | |
Debt securities | Financial assets measured at fair value through other comprehensive income, category | Allowance for ECL | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | (84) | (184) | |
Debt securities | Financial assets designated and otherwise mandatorily measured at fair value through profit or loss | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 1,708 | 4,090 | |
Trading assets | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 177,234 | ||
Trading assets | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 177,234 | ||
Trading assets | Allowance for ECL | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 0 | ||
Other financial assets | Financial assets designated and otherwise mandatorily measured at fair value through profit or loss | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 14,934 | ||
Other financial assets | Financial assets designated and otherwise mandatorily measured at fair value through profit or loss | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 14,934 | ||
Other financial assets | Financial assets designated and otherwise mandatorily measured at fair value through profit or loss | Allowance for ECL | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 0 | ||
Derivatives | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 207,825 | 219,818 | |
Derivatives | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 207,825 | 219,818 | |
Derivatives | Allowance for ECL | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 0 | ||
Assets held for sale | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 0 | 434 | |
Assets held for sale | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 0 | 482 | |
Assets held for sale | Allowance for ECL | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 0 | (48) | |
– personal | Loans and advances to customers | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 391,390 | 374,762 | |
– personal | Loans and advances to customers | Financial assets at amortised cost, category | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 374,762 | ||
– personal | Loans and advances to customers | Financial assets at amortised cost, category | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 376,481 | ||
– personal | Loans and advances to customers | Financial assets at amortised cost, category | Allowance for ECL | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | (1,719) | ||
– corporate and commercial | Loans and advances to customers | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 529,025 | 516,754 | |
– corporate and commercial | Loans and advances to customers | Financial assets at amortised cost, category | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 516,754 | ||
– corporate and commercial | Loans and advances to customers | Financial assets at amortised cost, category | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 522,248 | ||
– corporate and commercial | Loans and advances to customers | Financial assets at amortised cost, category | Allowance for ECL | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | (5,494) | ||
– non-bank financial institutions | Loans and advances to customers | Financial assets at amortised cost, category | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 71,448 | ||
– non-bank financial institutions | Loans and advances to customers | Financial assets at amortised cost, category | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 71,719 | ||
– non-bank financial institutions | Loans and advances to customers | Financial assets at amortised cost, category | Allowance for ECL | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | (271) | ||
Strong | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Off-balance sheet commitments | 214,937 | ||
Strong | Loan and other credit-related commitments | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Off-balance sheet commitments | 188,258 | ||
Strong | Performance and other guarantees | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Off-balance sheet commitments | 26,679 | ||
Strong | Trading assets | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 139,484 | ||
Strong | Other financial assets | Financial assets designated and otherwise mandatorily measured at fair value through profit or loss | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 6,079 | ||
Strong | Derivatives | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 169,121 | ||
Strong | Assets held for sale | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 0 | ||
Good | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Off-balance sheet commitments | 25,743 | ||
Good | Loan and other credit-related commitments | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Off-balance sheet commitments | 0 | ||
Good | Performance and other guarantees | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Off-balance sheet commitments | 25,743 | ||
Good | Trading assets | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 18,888 | ||
Good | Other financial assets | Financial assets designated and otherwise mandatorily measured at fair value through profit or loss | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 2,163 | ||
Good | Derivatives | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 31,225 | ||
Good | Assets held for sale | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 0 | ||
Satisfactory | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Off-balance sheet commitments | 16,790 | ||
Satisfactory | Loan and other credit-related commitments | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Off-balance sheet commitments | 0 | ||
Satisfactory | Performance and other guarantees | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Off-balance sheet commitments | 16,790 | ||
Satisfactory | Trading assets | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 16,991 | ||
Satisfactory | Other financial assets | Financial assets designated and otherwise mandatorily measured at fair value through profit or loss | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 6,683 | ||
Satisfactory | Derivatives | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 6,813 | ||
Satisfactory | Assets held for sale | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 0 | ||
Sub- standard | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Off-balance sheet commitments | 1,869 | ||
Sub- standard | Loan and other credit-related commitments | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Off-balance sheet commitments | 0 | ||
Sub- standard | Performance and other guarantees | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Off-balance sheet commitments | 1,869 | ||
Sub- standard | Trading assets | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 1,871 | ||
Sub- standard | Other financial assets | Financial assets designated and otherwise mandatorily measured at fair value through profit or loss | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 9 | ||
Sub- standard | Derivatives | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 625 | ||
Sub- standard | Assets held for sale | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 0 | ||
Financial Assets Excluding Equity Securities | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 2,378,500 | 2,305,592 | |
Financial Assets Excluding Equity Securities | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 2,387,277 | 2,313,124 | |
Financial Assets Excluding Equity Securities | Allowance for ECL | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | (8,777) | $ (7,532) | |
Financial Assets Excluding Equity Securities | Strong | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 1,694,864 | ||
Financial Assets Excluding Equity Securities | Good | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 361,024 | ||
Financial Assets Excluding Equity Securities | Satisfactory | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 295,622 | ||
Financial Assets Excluding Equity Securities | Sub- standard | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | $ 22,267 | ||
Portfolio Concentration Risk | Financial Assets Excluding Equity Securities | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Concentration risk percentage | 100.00% | 100.00% | |
Portfolio Concentration Risk | Financial Assets Excluding Equity Securities | Strong | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Concentration risk percentage | 71.00% | ||
Portfolio Concentration Risk | Financial Assets Excluding Equity Securities | Good | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Concentration risk percentage | 15.10% | ||
Portfolio Concentration Risk | Financial Assets Excluding Equity Securities | Satisfactory | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Concentration risk percentage | 12.40% | ||
Portfolio Concentration Risk | Financial Assets Excluding Equity Securities | Sub- standard | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Concentration risk percentage | 0.90% | ||
Credit impaired | Credit impaired | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Off-balance sheet commitments | $ 403 | ||
Credit impaired | Credit impaired | Loan and other credit-related commitments | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Off-balance sheet commitments | 0 | ||
Credit impaired | Credit impaired | Performance and other guarantees | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Off-balance sheet commitments | 403 | ||
Credit impaired | Credit impaired | Trading assets | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 0 | ||
Credit impaired | Credit impaired | Other financial assets | Financial assets designated and otherwise mandatorily measured at fair value through profit or loss | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 0 | ||
Credit impaired | Credit impaired | Derivatives | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 41 | ||
Credit impaired | Credit impaired | Assets held for sale | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 0 | ||
Credit impaired | Financial Assets Excluding Equity Securities | Credit impaired | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | $ 13,500 | ||
Credit impaired | Portfolio Concentration Risk | Financial Assets Excluding Equity Securities | Credit impaired | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Concentration risk percentage | 0.60% | ||
IFRS 9 | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Off-balance sheet commitments | $ 615,108 | ||
IFRS 9 | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 1,645,418 | 1,599,526 | |
Off-balance sheet commitments | 615,526 | 571,107 | |
IFRS 9 | Allowance for ECL | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | (8,693) | (9,480) | |
Off-balance sheet commitments | (418) | (473) | |
IFRS 9 | Financial assets at amortised cost, category | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 2,260,944 | ||
IFRS 9 | Financial assets at amortised cost, category | Allowance for ECL | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | (9,111) | ||
IFRS 9 | Financial assets measured at fair value through other comprehensive income, category | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 341,782 | 322,511 | |
IFRS 9 | Financial assets measured at fair value through other comprehensive income, category | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 341,866 | 322,695 | |
IFRS 9 | Financial assets measured at fair value through other comprehensive income, category | Allowance for ECL | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | (84) | (184) | |
IFRS 9 | Loan and other credit-related commitments | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Off-balance sheet commitments | 591,683 | 544,882 | |
IFRS 9 | Loan and other credit-related commitments | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Off-balance sheet commitments | 592,008 | 545,258 | |
IFRS 9 | Loan and other credit-related commitments | Allowance for ECL | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Off-balance sheet commitments | (325) | (376) | |
IFRS 9 | Financial guarantee and similar contracts | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Off-balance sheet commitments | 23,425 | ||
IFRS 9 | Financial guarantee and similar contracts | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Off-balance sheet commitments | 23,518 | ||
IFRS 9 | Financial guarantee and similar contracts | Allowance for ECL | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Off-balance sheet commitments | (93) | ||
IFRS 9 | Loans and advances to customers | Financial assets at amortised cost, category | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 981,696 | 949,737 | |
IFRS 9 | Loans and advances to customers | Financial assets at amortised cost, category | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 990,321 | 959,080 | |
IFRS 9 | Loans and advances to customers | Financial assets at amortised cost, category | Allowance for ECL | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | (8,625) | (9,343) | |
IFRS 9 | Loans and advances to banks | Financial assets at amortised cost, category | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 72,167 | 82,559 | |
IFRS 9 | Loans and advances to banks | Financial assets at amortised cost, category | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 72,180 | 82,582 | |
IFRS 9 | Loans and advances to banks | Financial assets at amortised cost, category | Allowance for ECL | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | (13) | (23) | |
IFRS 9 | Cash and balances at central banks | Financial assets at amortised cost, category | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 162,843 | ||
IFRS 9 | Cash and balances at central banks | Financial assets at amortised cost, category | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 162,845 | 180,624 | |
IFRS 9 | Cash and balances at central banks | Financial assets at amortised cost, category | Allowance for ECL | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | (2) | (3) | |
IFRS 9 | Items in the course of collection from other banks | Financial assets at amortised cost, category | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 5,787 | ||
IFRS 9 | Items in the course of collection from other banks | Financial assets at amortised cost, category | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 5,787 | 6,628 | |
IFRS 9 | Items in the course of collection from other banks | Financial assets at amortised cost, category | Allowance for ECL | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 0 | 0 | |
IFRS 9 | Hong Kong Government certificates of indebtedness | Financial assets at amortised cost, category | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 35,859 | ||
IFRS 9 | Hong Kong Government certificates of indebtedness | Financial assets at amortised cost, category | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 35,859 | 34,186 | |
IFRS 9 | Hong Kong Government certificates of indebtedness | Financial assets at amortised cost, category | Allowance for ECL | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 0 | 0 | |
IFRS 9 | Reverse repurchase agreements - non-trading | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 65,381 | ||
IFRS 9 | Reverse repurchase agreements - non-trading | Financial assets at amortised cost, category | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 242,804 | ||
IFRS 9 | Reverse repurchase agreements - non-trading | Financial assets at amortised cost, category | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 242,804 | 201,553 | |
IFRS 9 | Reverse repurchase agreements - non-trading | Financial assets at amortised cost, category | Allowance for ECL | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 0 | 0 | |
IFRS 9 | Financial investments | Financial assets at amortised cost, category | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 62,666 | ||
IFRS 9 | Financial investments | Financial assets at amortised cost, category | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 62,684 | 59,539 | |
IFRS 9 | Financial investments | Financial assets at amortised cost, category | Allowance for ECL | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | (18) | (16) | |
IFRS 9 | Other assets | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 72,903 | ||
IFRS 9 | Other assets | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 72,938 | ||
IFRS 9 | Other assets | Allowance for ECL | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | (35) | ||
IFRS 9 | – endorsements and acceptances | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 9,623 | ||
IFRS 9 | – endorsements and acceptances | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 9,634 | ||
IFRS 9 | – endorsements and acceptances | Allowance for ECL | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | (11) | ||
IFRS 9 | – accrued income and other | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 63,280 | ||
IFRS 9 | – accrued income and other | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 63,304 | ||
IFRS 9 | – accrued income and other | Allowance for ECL | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | (24) | ||
IFRS 9 | Debt securities | Financial assets measured at fair value through other comprehensive income, category | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 341,782 | ||
IFRS 9 | Debt securities | Financial assets measured at fair value through other comprehensive income, category | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 341,866 | ||
IFRS 9 | Debt securities | Financial assets measured at fair value through other comprehensive income, category | Allowance for ECL | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | (84) | ||
IFRS 9 | Other financial assets | Financial assets at amortised cost, category | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 582,862 | 557,750 | |
IFRS 9 | Other financial assets | Financial assets at amortised cost, category | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 582,917 | 557,864 | |
IFRS 9 | Other financial assets | Financial assets at amortised cost, category | Allowance for ECL | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | (55) | (114) | |
IFRS 9 | – personal | Loan and other credit-related commitments | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Off-balance sheet commitments | 207,351 | 196,093 | |
IFRS 9 | – personal | Loan and other credit-related commitments | Allowance for ECL | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Off-balance sheet commitments | (13) | (14) | |
IFRS 9 | – personal | Loans and advances to customers | Financial assets at amortised cost, category | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 391,390 | ||
IFRS 9 | – personal | Loans and advances to customers | Financial assets at amortised cost, category | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 394,337 | 375,069 | |
IFRS 9 | – personal | Loans and advances to customers | Financial assets at amortised cost, category | Allowance for ECL | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | (2,947) | (3,047) | |
IFRS 9 | – corporate and commercial | Loan and other credit-related commitments | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Off-balance sheet commitments | 271,022 | 262,391 | |
IFRS 9 | – corporate and commercial | Loan and other credit-related commitments | Allowance for ECL | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Off-balance sheet commitments | (305) | (355) | |
IFRS 9 | – corporate and commercial | Loans and advances to customers | Financial assets at amortised cost, category | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 529,025 | ||
IFRS 9 | – corporate and commercial | Loans and advances to customers | Financial assets at amortised cost, category | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 534,577 | 520,137 | |
IFRS 9 | – corporate and commercial | Loans and advances to customers | Financial assets at amortised cost, category | Allowance for ECL | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | (5,552) | (6,053) | |
IFRS 9 | – non-bank financial institutions | Loan and other credit-related commitments | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Off-balance sheet commitments | 113,635 | 86,774 | |
IFRS 9 | – non-bank financial institutions | Loan and other credit-related commitments | Allowance for ECL | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Off-balance sheet commitments | (7) | (7) | |
IFRS 9 | – non-bank financial institutions | Loans and advances to customers | Financial assets at amortised cost, category | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 61,281 | ||
IFRS 9 | – non-bank financial institutions | Loans and advances to customers | Financial assets at amortised cost, category | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 61,407 | 63,874 | |
IFRS 9 | – non-bank financial institutions | Loans and advances to customers | Financial assets at amortised cost, category | Allowance for ECL | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | (126) | (243) | |
IFRS 9 | Strong | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Off-balance sheet commitments | 383,018 | ||
IFRS 9 | Strong | Financial assets measured at fair value through other comprehensive income, category | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 319,632 | 297,961 | |
IFRS 9 | Strong | Loan and other credit-related commitments | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Off-balance sheet commitments | 373,302 | 341,580 | |
IFRS 9 | Strong | Financial guarantee and similar contracts | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Off-balance sheet commitments | 9,716 | ||
IFRS 9 | Strong | Loans and advances to customers | Financial assets at amortised cost, category | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 485,451 | 479,067 | |
IFRS 9 | Strong | Loans and advances to banks | Financial assets at amortised cost, category | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 60,249 | 70,959 | |
IFRS 9 | Strong | Cash and balances at central banks | Financial assets at amortised cost, category | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 160,995 | ||
IFRS 9 | Strong | Items in the course of collection from other banks | Financial assets at amortised cost, category | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 5,765 | ||
IFRS 9 | Strong | Hong Kong Government certificates of indebtedness | Financial assets at amortised cost, category | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 35,859 | ||
IFRS 9 | Strong | Reverse repurchase agreements - non-trading | Financial assets at amortised cost, category | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 200,774 | ||
IFRS 9 | Strong | Financial investments | Financial assets at amortised cost, category | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 56,031 | ||
IFRS 9 | Strong | Other assets | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 55,424 | ||
IFRS 9 | Strong | – endorsements and acceptances | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 1,514 | ||
IFRS 9 | Strong | – accrued income and other | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 53,910 | ||
IFRS 9 | Strong | Debt securities | Financial assets measured at fair value through other comprehensive income, category | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 319,632 | ||
IFRS 9 | Strong | Other financial assets | Financial assets at amortised cost, category | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 514,848 | 469,898 | |
IFRS 9 | Strong | – personal | Loans and advances to customers | Financial assets at amortised cost, category | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 316,616 | ||
IFRS 9 | Strong | – corporate and commercial | Loans and advances to customers | Financial assets at amortised cost, category | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 140,387 | ||
IFRS 9 | Strong | – non-bank financial institutions | Loans and advances to customers | Financial assets at amortised cost, category | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 28,448 | ||
IFRS 9 | Good | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Off-balance sheet commitments | 144,476 | ||
IFRS 9 | Good | Financial assets measured at fair value through other comprehensive income, category | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 12,454 | 6,786 | |
IFRS 9 | Good | Loan and other credit-related commitments | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Off-balance sheet commitments | 137,076 | 121,508 | |
IFRS 9 | Good | Financial guarantee and similar contracts | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Off-balance sheet commitments | 7,400 | ||
IFRS 9 | Good | Loans and advances to customers | Financial assets at amortised cost, category | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 244,199 | 227,146 | |
IFRS 9 | Good | Loans and advances to banks | Financial assets at amortised cost, category | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 7,371 | 7,692 | |
IFRS 9 | Good | Cash and balances at central banks | Financial assets at amortised cost, category | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 1,508 | ||
IFRS 9 | Good | Items in the course of collection from other banks | Financial assets at amortised cost, category | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 21 | ||
IFRS 9 | Good | Hong Kong Government certificates of indebtedness | Financial assets at amortised cost, category | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 0 | ||
IFRS 9 | Good | Reverse repurchase agreements - non-trading | Financial assets at amortised cost, category | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 29,423 | ||
IFRS 9 | Good | Financial investments | Financial assets at amortised cost, category | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 5,703 | ||
IFRS 9 | Good | Other assets | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 8,069 | ||
IFRS 9 | Good | – endorsements and acceptances | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 4,358 | ||
IFRS 9 | Good | – accrued income and other | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 3,711 | ||
IFRS 9 | Good | Debt securities | Financial assets measured at fair value through other comprehensive income, category | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 12,454 | ||
IFRS 9 | Good | Other financial assets | Financial assets at amortised cost, category | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 44,724 | 47,347 | |
IFRS 9 | Good | – personal | Loans and advances to customers | Financial assets at amortised cost, category | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 43,764 | ||
IFRS 9 | Good | – corporate and commercial | Loans and advances to customers | Financial assets at amortised cost, category | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 181,984 | ||
IFRS 9 | Good | – non-bank financial institutions | Loans and advances to customers | Financial assets at amortised cost, category | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 18,451 | ||
IFRS 9 | Satisfactory | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Off-balance sheet commitments | 80,983 | ||
IFRS 9 | Satisfactory | Financial assets measured at fair value through other comprehensive income, category | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 7,210 | 13,088 | |
IFRS 9 | Satisfactory | Loan and other credit-related commitments | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Off-balance sheet commitments | 75,478 | 74,694 | |
IFRS 9 | Satisfactory | Financial guarantee and similar contracts | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Off-balance sheet commitments | 5,505 | ||
IFRS 9 | Satisfactory | Loans and advances to customers | Financial assets at amortised cost, category | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 230,357 | 220,089 | |
IFRS 9 | Satisfactory | Loans and advances to banks | Financial assets at amortised cost, category | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 4,549 | 3,890 | |
IFRS 9 | Satisfactory | Cash and balances at central banks | Financial assets at amortised cost, category | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 324 | ||
IFRS 9 | Satisfactory | Items in the course of collection from other banks | Financial assets at amortised cost, category | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 1 | ||
IFRS 9 | Satisfactory | Hong Kong Government certificates of indebtedness | Financial assets at amortised cost, category | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 0 | ||
IFRS 9 | Satisfactory | Reverse repurchase agreements - non-trading | Financial assets at amortised cost, category | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 12,607 | ||
IFRS 9 | Satisfactory | Financial investments | Financial assets at amortised cost, category | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 949 | ||
IFRS 9 | Satisfactory | Other assets | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 9,138 | ||
IFRS 9 | Satisfactory | – endorsements and acceptances | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 3,604 | ||
IFRS 9 | Satisfactory | – accrued income and other | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 5,534 | ||
IFRS 9 | Satisfactory | Debt securities | Financial assets measured at fair value through other comprehensive income, category | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 7,210 | ||
IFRS 9 | Satisfactory | Other financial assets | Financial assets at amortised cost, category | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 23,019 | 39,595 | |
IFRS 9 | Satisfactory | – personal | Loans and advances to customers | Financial assets at amortised cost, category | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 27,194 | ||
IFRS 9 | Satisfactory | – corporate and commercial | Loans and advances to customers | Financial assets at amortised cost, category | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 189,357 | ||
IFRS 9 | Satisfactory | – non-bank financial institutions | Loans and advances to customers | Financial assets at amortised cost, category | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 13,806 | ||
IFRS 9 | Sub- standard | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Off-balance sheet commitments | 5,830 | ||
IFRS 9 | Sub- standard | Financial assets measured at fair value through other comprehensive income, category | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 2,558 | 4,276 | |
IFRS 9 | Sub- standard | Loan and other credit-related commitments | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Off-balance sheet commitments | 5,233 | 6,431 | |
IFRS 9 | Sub- standard | Financial guarantee and similar contracts | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Off-balance sheet commitments | 597 | ||
IFRS 9 | Sub- standard | Loans and advances to customers | Financial assets at amortised cost, category | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 16,993 | 17,922 | |
IFRS 9 | Sub- standard | Loans and advances to banks | Financial assets at amortised cost, category | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 11 | 26 | |
IFRS 9 | Sub- standard | Cash and balances at central banks | Financial assets at amortised cost, category | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 18 | ||
IFRS 9 | Sub- standard | Items in the course of collection from other banks | Financial assets at amortised cost, category | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 0 | ||
IFRS 9 | Sub- standard | Hong Kong Government certificates of indebtedness | Financial assets at amortised cost, category | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 0 | ||
IFRS 9 | Sub- standard | Reverse repurchase agreements - non-trading | Financial assets at amortised cost, category | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 0 | ||
IFRS 9 | Sub- standard | Financial investments | Financial assets at amortised cost, category | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 1 | ||
IFRS 9 | Sub- standard | Other assets | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 181 | ||
IFRS 9 | Sub- standard | – endorsements and acceptances | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 155 | ||
IFRS 9 | Sub- standard | – accrued income and other | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 26 | ||
IFRS 9 | Sub- standard | Debt securities | Financial assets measured at fair value through other comprehensive income, category | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 2,558 | ||
IFRS 9 | Sub- standard | Other financial assets | Financial assets at amortised cost, category | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 200 | 862 | |
IFRS 9 | Sub- standard | – personal | Loans and advances to customers | Financial assets at amortised cost, category | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 2,182 | ||
IFRS 9 | Sub- standard | – corporate and commercial | Loans and advances to customers | Financial assets at amortised cost, category | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 14,339 | ||
IFRS 9 | Sub- standard | – non-bank financial institutions | Loans and advances to customers | Financial assets at amortised cost, category | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 472 | ||
IFRS 9 | Credit impaired | Financial assets measured at fair value through other comprehensive income, category | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 12 | 584 | |
IFRS 9 | Credit impaired | Loan and other credit-related commitments | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Off-balance sheet commitments | 919 | 1,045 | |
IFRS 9 | Credit impaired | Loans and advances to customers | Financial assets at amortised cost, category | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 13,321 | 14,856 | |
IFRS 9 | Credit impaired | Loans and advances to banks | Financial assets at amortised cost, category | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 0 | 15 | |
IFRS 9 | Credit impaired | Other financial assets | Financial assets at amortised cost, category | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 126 | $ 162 | |
IFRS 9 | Credit impaired | Credit impaired | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Off-balance sheet commitments | 1,219 | ||
IFRS 9 | Credit impaired | Credit impaired | Loan and other credit-related commitments | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Off-balance sheet commitments | 919 | ||
IFRS 9 | Credit impaired | Credit impaired | Financial guarantee and similar contracts | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Off-balance sheet commitments | 300 | ||
IFRS 9 | Credit impaired | Credit impaired | Loans and advances to customers | Financial assets at amortised cost, category | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 13,321 | ||
IFRS 9 | Credit impaired | Credit impaired | Loans and advances to banks | Financial assets at amortised cost, category | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 0 | ||
IFRS 9 | Credit impaired | Credit impaired | Cash and balances at central banks | Financial assets at amortised cost, category | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 0 | ||
IFRS 9 | Credit impaired | Credit impaired | Items in the course of collection from other banks | Financial assets at amortised cost, category | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 0 | ||
IFRS 9 | Credit impaired | Credit impaired | Hong Kong Government certificates of indebtedness | Financial assets at amortised cost, category | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 0 | ||
IFRS 9 | Credit impaired | Credit impaired | Reverse repurchase agreements - non-trading | Financial assets at amortised cost, category | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 0 | ||
IFRS 9 | Credit impaired | Credit impaired | Financial investments | Financial assets at amortised cost, category | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 0 | ||
IFRS 9 | Credit impaired | Credit impaired | Other assets | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 126 | ||
IFRS 9 | Credit impaired | Credit impaired | – endorsements and acceptances | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 3 | ||
IFRS 9 | Credit impaired | Credit impaired | – accrued income and other | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 123 | ||
IFRS 9 | Credit impaired | Credit impaired | Debt securities | Financial assets measured at fair value through other comprehensive income, category | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 12 | ||
IFRS 9 | Credit impaired | Credit impaired | – personal | Loans and advances to customers | Financial assets at amortised cost, category | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 4,581 | ||
IFRS 9 | Credit impaired | Credit impaired | – corporate and commercial | Loans and advances to customers | Financial assets at amortised cost, category | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 8,510 | ||
IFRS 9 | Credit impaired | Credit impaired | – non-bank financial institutions | Loans and advances to customers | Financial assets at amortised cost, category | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | $ 230 |
Report Of The Directors Fina_11
Report Of The Directors Financial Review Risk Report - Distribution of financial instruments to which the impairment requirements in IFRS 9 are applied, by credit quality and stage allocation (Details) - USD ($) $ in Millions | Dec. 31, 2018 | Jan. 01, 2018 | Dec. 31, 2017 |
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | $ 2,471,203 | $ 2,433,785 | |
Off-balance sheet commitments | 259,643 | ||
Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Off-balance sheet commitments | 259,742 | ||
Allowance for ECL | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Off-balance sheet commitments | (99) | ||
Loan and other credit-related commitments | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Off-balance sheet commitments | 188,258 | ||
Loan and other credit-related commitments | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Off-balance sheet commitments | 188,258 | ||
Loan and other credit-related commitments | Allowance for ECL | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Off-balance sheet commitments | 0 | ||
Loans and advances to customers | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 981,696 | 962,964 | |
Loans and advances to banks | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 72,167 | 90,393 | |
Debt securities | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 62,666 | 52,919 | |
IFRS 9 | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Off-balance sheet commitments | 615,108 | ||
Financial assets and off-balance sheet loan commitments | 2,251,833 | $ 2,160,680 | |
IFRS 9 | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 1,645,418 | 1,599,526 | |
Off-balance sheet commitments | 615,526 | 571,107 | |
Financial assets and off-balance sheet loan commitments | 2,260,944 | 2,170,633 | |
IFRS 9 | Allowance for ECL | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | (8,693) | (9,480) | |
Off-balance sheet commitments | (418) | (473) | |
Financial assets and off-balance sheet loan commitments | (9,111) | (9,953) | |
IFRS 9 | Loan and other credit-related commitments | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Off-balance sheet commitments | 591,683 | 544,882 | |
IFRS 9 | Loan and other credit-related commitments | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Off-balance sheet commitments | 592,008 | 545,258 | |
IFRS 9 | Loan and other credit-related commitments | Allowance for ECL | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Off-balance sheet commitments | (325) | (376) | |
IFRS 9 | Financial guarantees | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Off-balance sheet commitments | 23,425 | 25,752 | |
IFRS 9 | Financial guarantees | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Off-balance sheet commitments | 23,518 | 25,849 | |
IFRS 9 | Financial guarantees | Allowance for ECL | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Off-balance sheet commitments | (93) | (97) | |
12-month expected credit losses | Financial instruments not credit-impaired | IFRS 9 | Loan and other credit-related commitments | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Off-balance sheet commitments | 569,107 | 519,757 | |
12-month expected credit losses | Financial instruments not credit-impaired | IFRS 9 | Loan and other credit-related commitments | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Off-balance sheet commitments | 569,250 | 519,883 | |
12-month expected credit losses | Financial instruments not credit-impaired | IFRS 9 | Loan and other credit-related commitments | Allowance for ECL | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Off-balance sheet commitments | (143) | (126) | |
12-month expected credit losses | Financial instruments not credit-impaired | IFRS 9 | Financial guarantees | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Off-balance sheet commitments | 20,865 | 22,004 | |
12-month expected credit losses | Financial instruments not credit-impaired | IFRS 9 | Financial guarantees | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Off-balance sheet commitments | 20,884 | 22,021 | |
12-month expected credit losses | Financial instruments not credit-impaired | IFRS 9 | Financial guarantees | Allowance for ECL | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Off-balance sheet commitments | (19) | (17) | |
Lifetime expected credit losses | Financial instruments not credit-impaired | IFRS 9 | Loan and other credit-related commitments | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Off-balance sheet commitments | 21,700 | 24,147 | |
Lifetime expected credit losses | Financial instruments not credit-impaired | IFRS 9 | Loan and other credit-related commitments | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Off-balance sheet commitments | 21,839 | 24,330 | |
Lifetime expected credit losses | Financial instruments not credit-impaired | IFRS 9 | Loan and other credit-related commitments | Allowance for ECL | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Off-balance sheet commitments | (139) | (183) | |
Lifetime expected credit losses | Financial instruments not credit-impaired | IFRS 9 | Financial guarantees | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Off-balance sheet commitments | 2,305 | 3,601 | |
Lifetime expected credit losses | Financial instruments not credit-impaired | IFRS 9 | Financial guarantees | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Off-balance sheet commitments | 2,334 | 3,619 | |
Lifetime expected credit losses | Financial instruments not credit-impaired | IFRS 9 | Financial guarantees | Allowance for ECL | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Off-balance sheet commitments | (29) | (18) | |
Lifetime expected credit losses | Financial instruments credit-impaired after purchase or origination | IFRS 9 | Loan and other credit-related commitments | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Off-balance sheet commitments | 869 | 932 | |
Lifetime expected credit losses | Financial instruments credit-impaired after purchase or origination | IFRS 9 | Loan and other credit-related commitments | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Off-balance sheet commitments | 912 | 999 | |
Lifetime expected credit losses | Financial instruments credit-impaired after purchase or origination | IFRS 9 | Loan and other credit-related commitments | Allowance for ECL | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Off-balance sheet commitments | (43) | (67) | |
Lifetime expected credit losses | Financial instruments credit-impaired after purchase or origination | IFRS 9 | Financial guarantees | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Off-balance sheet commitments | 252 | 125 | |
Lifetime expected credit losses | Financial instruments credit-impaired after purchase or origination | IFRS 9 | Financial guarantees | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Off-balance sheet commitments | 297 | 187 | |
Lifetime expected credit losses | Financial instruments credit-impaired after purchase or origination | IFRS 9 | Financial guarantees | Allowance for ECL | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Off-balance sheet commitments | (45) | (62) | |
Lifetime expected credit losses | POCI | IFRS 9 | Loan and other credit-related commitments | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Off-balance sheet commitments | 7 | 46 | |
Lifetime expected credit losses | POCI | IFRS 9 | Loan and other credit-related commitments | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Off-balance sheet commitments | 7 | 46 | |
Lifetime expected credit losses | POCI | IFRS 9 | Loan and other credit-related commitments | Allowance for ECL | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Off-balance sheet commitments | 0 | 0 | |
Lifetime expected credit losses | POCI | IFRS 9 | Financial guarantees | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Off-balance sheet commitments | 3 | 22 | |
Lifetime expected credit losses | POCI | IFRS 9 | Financial guarantees | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Off-balance sheet commitments | 3 | 22 | |
Lifetime expected credit losses | POCI | IFRS 9 | Financial guarantees | Allowance for ECL | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Off-balance sheet commitments | 0 | 0 | |
Financial assets at amortised cost, category | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 62,666 | ||
Financial assets at amortised cost, category | Loans and advances to customers | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 962,964 | ||
Financial assets at amortised cost, category | Loans and advances to customers | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 970,448 | ||
Financial assets at amortised cost, category | Loans and advances to customers | Allowance for ECL | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | (7,484) | ||
Financial assets at amortised cost, category | Loans and advances to banks | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 90,393 | ||
Financial assets at amortised cost, category | Loans and advances to banks | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 90,393 | ||
Financial assets at amortised cost, category | Loans and advances to banks | Allowance for ECL | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | $ 0 | ||
Financial assets at amortised cost, category | Debt securities | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 61,987 | ||
Financial assets at amortised cost, category | IFRS 9 | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 2,260,944 | ||
Financial assets at amortised cost, category | IFRS 9 | Allowance for ECL | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | (9,111) | ||
Financial assets at amortised cost, category | IFRS 9 | Loans and advances to customers | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 981,696 | 949,737 | |
Financial assets at amortised cost, category | IFRS 9 | Loans and advances to customers | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 990,321 | 959,080 | |
Financial assets at amortised cost, category | IFRS 9 | Loans and advances to customers | Allowance for ECL | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | (8,625) | (9,343) | |
Financial assets at amortised cost, category | IFRS 9 | Loans and advances to banks | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 72,167 | 82,559 | |
Financial assets at amortised cost, category | IFRS 9 | Loans and advances to banks | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 72,180 | 82,582 | |
Financial assets at amortised cost, category | IFRS 9 | Loans and advances to banks | Allowance for ECL | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | (13) | (23) | |
Financial assets at amortised cost, category | IFRS 9 | Other financial assets | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 582,862 | 557,750 | |
Financial assets at amortised cost, category | IFRS 9 | Other financial assets | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 582,917 | 557,864 | |
Financial assets at amortised cost, category | IFRS 9 | Other financial assets | Allowance for ECL | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | (55) | (114) | |
Financial assets at amortised cost, category | 12-month expected credit losses | Financial instruments not credit-impaired | IFRS 9 | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 2,158,313 | ||
Financial assets at amortised cost, category | 12-month expected credit losses | Financial instruments not credit-impaired | IFRS 9 | Allowance for ECL | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | (1,476) | ||
Financial assets at amortised cost, category | 12-month expected credit losses | Financial instruments not credit-impaired | IFRS 9 | Loans and advances to customers | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 913,912 | 870,257 | |
Financial assets at amortised cost, category | 12-month expected credit losses | Financial instruments not credit-impaired | IFRS 9 | Loans and advances to customers | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 915,188 | 871,566 | |
Financial assets at amortised cost, category | 12-month expected credit losses | Financial instruments not credit-impaired | IFRS 9 | Loans and advances to customers | Allowance for ECL | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | (1,276) | (1,309) | |
Financial assets at amortised cost, category | 12-month expected credit losses | Financial instruments not credit-impaired | IFRS 9 | Loans and advances to banks | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 71,862 | 81,010 | |
Financial assets at amortised cost, category | 12-month expected credit losses | Financial instruments not credit-impaired | IFRS 9 | Loans and advances to banks | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 71,873 | 81,027 | |
Financial assets at amortised cost, category | 12-month expected credit losses | Financial instruments not credit-impaired | IFRS 9 | Loans and advances to banks | Allowance for ECL | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | (11) | (17) | |
Financial assets at amortised cost, category | 12-month expected credit losses | Financial instruments not credit-impaired | IFRS 9 | Other financial assets | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 581,091 | 556,157 | |
Financial assets at amortised cost, category | 12-month expected credit losses | Financial instruments not credit-impaired | IFRS 9 | Other financial assets | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 581,118 | 556,185 | |
Financial assets at amortised cost, category | 12-month expected credit losses | Financial instruments not credit-impaired | IFRS 9 | Other financial assets | Allowance for ECL | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | (27) | (28) | |
Financial assets at amortised cost, category | Lifetime expected credit losses | Financial instruments not credit-impaired | IFRS 9 | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 87,939 | ||
Financial assets at amortised cost, category | Lifetime expected credit losses | Financial instruments not credit-impaired | IFRS 9 | Allowance for ECL | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | (2,284) | ||
Financial assets at amortised cost, category | Lifetime expected credit losses | Financial instruments not credit-impaired | IFRS 9 | Loans and advances to customers | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 59,678 | 70,457 | |
Financial assets at amortised cost, category | Lifetime expected credit losses | Financial instruments not credit-impaired | IFRS 9 | Loans and advances to customers | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 61,786 | 72,658 | |
Financial assets at amortised cost, category | Lifetime expected credit losses | Financial instruments not credit-impaired | IFRS 9 | Loans and advances to customers | Allowance for ECL | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | (2,108) | (2,201) | |
Financial assets at amortised cost, category | Lifetime expected credit losses | Financial instruments not credit-impaired | IFRS 9 | Loans and advances to banks | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 305 | 1,536 | |
Financial assets at amortised cost, category | Lifetime expected credit losses | Financial instruments not credit-impaired | IFRS 9 | Loans and advances to banks | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 307 | 1,540 | |
Financial assets at amortised cost, category | Lifetime expected credit losses | Financial instruments not credit-impaired | IFRS 9 | Loans and advances to banks | Allowance for ECL | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | (2) | (4) | |
Financial assets at amortised cost, category | Lifetime expected credit losses | Financial instruments not credit-impaired | IFRS 9 | Other financial assets | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 1,667 | 1,513 | |
Financial assets at amortised cost, category | Lifetime expected credit losses | Financial instruments not credit-impaired | IFRS 9 | Other financial assets | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 1,673 | 1,517 | |
Financial assets at amortised cost, category | Lifetime expected credit losses | Financial instruments not credit-impaired | IFRS 9 | Other financial assets | Allowance for ECL | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | (6) | (4) | |
Financial assets at amortised cost, category | Lifetime expected credit losses | Financial instruments credit-impaired after purchase or origination | IFRS 9 | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 14,358 | ||
Financial assets at amortised cost, category | Lifetime expected credit losses | Financial instruments credit-impaired after purchase or origination | IFRS 9 | Allowance for ECL | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | (5,157) | ||
Financial assets at amortised cost, category | Lifetime expected credit losses | Financial instruments credit-impaired after purchase or origination | IFRS 9 | Loans and advances to customers | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 7,976 | 8,291 | |
Financial assets at amortised cost, category | Lifetime expected credit losses | Financial instruments credit-impaired after purchase or origination | IFRS 9 | Loans and advances to customers | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 13,023 | 13,882 | |
Financial assets at amortised cost, category | Lifetime expected credit losses | Financial instruments credit-impaired after purchase or origination | IFRS 9 | Loans and advances to customers | Allowance for ECL | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | (5,047) | (5,591) | |
Financial assets at amortised cost, category | Lifetime expected credit losses | Financial instruments credit-impaired after purchase or origination | IFRS 9 | Loans and advances to banks | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 0 | 13 | |
Financial assets at amortised cost, category | Lifetime expected credit losses | Financial instruments credit-impaired after purchase or origination | IFRS 9 | Loans and advances to banks | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 0 | 15 | |
Financial assets at amortised cost, category | Lifetime expected credit losses | Financial instruments credit-impaired after purchase or origination | IFRS 9 | Loans and advances to banks | Allowance for ECL | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 0 | (2) | |
Financial assets at amortised cost, category | Lifetime expected credit losses | Financial instruments credit-impaired after purchase or origination | IFRS 9 | Other financial assets | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 104 | 73 | |
Financial assets at amortised cost, category | Lifetime expected credit losses | Financial instruments credit-impaired after purchase or origination | IFRS 9 | Other financial assets | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 126 | 155 | |
Financial assets at amortised cost, category | Lifetime expected credit losses | Financial instruments credit-impaired after purchase or origination | IFRS 9 | Other financial assets | Allowance for ECL | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | (22) | (82) | |
Financial assets at amortised cost, category | Lifetime expected credit losses | POCI | IFRS 9 | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 334 | ||
Financial assets at amortised cost, category | Lifetime expected credit losses | POCI | IFRS 9 | Allowance for ECL | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | (194) | ||
Financial assets at amortised cost, category | Lifetime expected credit losses | POCI | IFRS 9 | Loans and advances to customers | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 130 | 732 | |
Financial assets at amortised cost, category | Lifetime expected credit losses | POCI | IFRS 9 | Loans and advances to customers | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 324 | 974 | |
Financial assets at amortised cost, category | Lifetime expected credit losses | POCI | IFRS 9 | Loans and advances to customers | Allowance for ECL | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | (194) | (242) | |
Financial assets at amortised cost, category | Lifetime expected credit losses | POCI | IFRS 9 | Loans and advances to banks | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 0 | 0 | |
Financial assets at amortised cost, category | Lifetime expected credit losses | POCI | IFRS 9 | Loans and advances to banks | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 0 | 0 | |
Financial assets at amortised cost, category | Lifetime expected credit losses | POCI | IFRS 9 | Loans and advances to banks | Allowance for ECL | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 0 | 0 | |
Financial assets at amortised cost, category | Lifetime expected credit losses | POCI | IFRS 9 | Other financial assets | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 0 | 7 | |
Financial assets at amortised cost, category | Lifetime expected credit losses | POCI | IFRS 9 | Other financial assets | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 0 | 7 | |
Financial assets at amortised cost, category | Lifetime expected credit losses | POCI | IFRS 9 | Other financial assets | Allowance for ECL | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 0 | 0 | |
Financial assets measured at fair value through other comprehensive income, category | Debt securities | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 343,110 | 322,163 | |
Financial assets measured at fair value through other comprehensive income, category | Debt securities | Allowance for ECL | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | (84) | (184) | |
Financial assets measured at fair value through other comprehensive income, category | IFRS 9 | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 341,782 | 322,511 | |
Financial assets measured at fair value through other comprehensive income, category | IFRS 9 | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 341,866 | 322,695 | |
Financial assets measured at fair value through other comprehensive income, category | IFRS 9 | Allowance for ECL | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | (84) | (184) | |
Financial assets measured at fair value through other comprehensive income, category | IFRS 9 | Debt securities | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 341,782 | ||
Financial assets measured at fair value through other comprehensive income, category | IFRS 9 | Debt securities | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 341,866 | ||
Financial assets measured at fair value through other comprehensive income, category | IFRS 9 | Debt securities | Allowance for ECL | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | (84) | ||
Financial assets measured at fair value through other comprehensive income, category | 12-month expected credit losses | Financial instruments not credit-impaired | IFRS 9 | Debt securities | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 341,022 | 319,794 | |
Financial assets measured at fair value through other comprehensive income, category | 12-month expected credit losses | Financial instruments not credit-impaired | IFRS 9 | Debt securities | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 341,055 | 319,822 | |
Financial assets measured at fair value through other comprehensive income, category | 12-month expected credit losses | Financial instruments not credit-impaired | IFRS 9 | Debt securities | Allowance for ECL | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | (33) | (28) | |
Financial assets measured at fair value through other comprehensive income, category | Lifetime expected credit losses | Financial instruments not credit-impaired | IFRS 9 | Debt securities | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 749 | 2,147 | |
Financial assets measured at fair value through other comprehensive income, category | Lifetime expected credit losses | Financial instruments not credit-impaired | IFRS 9 | Debt securities | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 799 | 2,289 | |
Financial assets measured at fair value through other comprehensive income, category | Lifetime expected credit losses | Financial instruments not credit-impaired | IFRS 9 | Debt securities | Allowance for ECL | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | (50) | (142) | |
Financial assets measured at fair value through other comprehensive income, category | Lifetime expected credit losses | Financial instruments credit-impaired after purchase or origination | IFRS 9 | Debt securities | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 7 | 570 | |
Financial assets measured at fair value through other comprehensive income, category | Lifetime expected credit losses | Financial instruments credit-impaired after purchase or origination | IFRS 9 | Debt securities | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 8 | 584 | |
Financial assets measured at fair value through other comprehensive income, category | Lifetime expected credit losses | Financial instruments credit-impaired after purchase or origination | IFRS 9 | Debt securities | Allowance for ECL | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | (1) | (14) | |
Financial assets measured at fair value through other comprehensive income, category | Lifetime expected credit losses | POCI | IFRS 9 | Debt securities | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 4 | 0 | |
Financial assets measured at fair value through other comprehensive income, category | Lifetime expected credit losses | POCI | IFRS 9 | Debt securities | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 4 | 0 | |
Financial assets measured at fair value through other comprehensive income, category | Lifetime expected credit losses | POCI | IFRS 9 | Debt securities | Allowance for ECL | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 0 | 0 | |
Strong | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Off-balance sheet commitments | 214,937 | ||
Strong | Loan and other credit-related commitments | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Off-balance sheet commitments | 188,258 | ||
Strong | IFRS 9 | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Off-balance sheet commitments | 383,018 | ||
Financial assets and off-balance sheet loan commitments | 1,443,566 | 1,371,843 | |
Strong | IFRS 9 | Loan and other credit-related commitments | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Off-balance sheet commitments | 373,302 | 341,580 | |
Strong | IFRS 9 | Financial guarantees | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Off-balance sheet commitments | 9,716 | 10,339 | |
Strong | 12-month expected credit losses | Financial instruments not credit-impaired | IFRS 9 | Loan and other credit-related commitments | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Off-balance sheet commitments | 372,597 | 338,855 | |
Strong | 12-month expected credit losses | Financial instruments not credit-impaired | IFRS 9 | Financial guarantees | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Off-balance sheet commitments | 9,582 | 9,608 | |
Strong | Lifetime expected credit losses | Financial instruments not credit-impaired | IFRS 9 | Loan and other credit-related commitments | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Off-balance sheet commitments | 705 | 2,725 | |
Strong | Lifetime expected credit losses | Financial instruments not credit-impaired | IFRS 9 | Financial guarantees | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Off-balance sheet commitments | 134 | 731 | |
Strong | Lifetime expected credit losses | Financial instruments credit-impaired after purchase or origination | IFRS 9 | Loan and other credit-related commitments | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Off-balance sheet commitments | 0 | 0 | |
Strong | Lifetime expected credit losses | Financial instruments credit-impaired after purchase or origination | IFRS 9 | Financial guarantees | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Off-balance sheet commitments | 0 | 0 | |
Strong | Lifetime expected credit losses | POCI | IFRS 9 | Loan and other credit-related commitments | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Off-balance sheet commitments | 0 | 0 | |
Strong | Lifetime expected credit losses | POCI | IFRS 9 | Financial guarantees | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Off-balance sheet commitments | 0 | 0 | |
Strong | Financial assets at amortised cost, category | IFRS 9 | Loans and advances to customers | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 485,451 | 479,067 | |
Strong | Financial assets at amortised cost, category | IFRS 9 | Loans and advances to banks | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 60,249 | 70,959 | |
Strong | Financial assets at amortised cost, category | IFRS 9 | Other financial assets | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 514,848 | 469,898 | |
Strong | Financial assets at amortised cost, category | 12-month expected credit losses | Financial instruments not credit-impaired | IFRS 9 | Loans and advances to customers | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 483,907 | 475,881 | |
Strong | Financial assets at amortised cost, category | 12-month expected credit losses | Financial instruments not credit-impaired | IFRS 9 | Loans and advances to banks | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 60,199 | 70,024 | |
Strong | Financial assets at amortised cost, category | 12-month expected credit losses | Financial instruments not credit-impaired | IFRS 9 | Other financial assets | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 514,525 | 469,691 | |
Strong | Financial assets at amortised cost, category | Lifetime expected credit losses | Financial instruments not credit-impaired | IFRS 9 | Loans and advances to customers | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 1,544 | 3,186 | |
Strong | Financial assets at amortised cost, category | Lifetime expected credit losses | Financial instruments not credit-impaired | IFRS 9 | Loans and advances to banks | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 50 | 935 | |
Strong | Financial assets at amortised cost, category | Lifetime expected credit losses | Financial instruments not credit-impaired | IFRS 9 | Other financial assets | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 323 | 207 | |
Strong | Financial assets at amortised cost, category | Lifetime expected credit losses | Financial instruments credit-impaired after purchase or origination | IFRS 9 | Loans and advances to customers | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 0 | 0 | |
Strong | Financial assets at amortised cost, category | Lifetime expected credit losses | Financial instruments credit-impaired after purchase or origination | IFRS 9 | Loans and advances to banks | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 0 | 0 | |
Strong | Financial assets at amortised cost, category | Lifetime expected credit losses | Financial instruments credit-impaired after purchase or origination | IFRS 9 | Other financial assets | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 0 | 0 | |
Strong | Financial assets at amortised cost, category | Lifetime expected credit losses | POCI | IFRS 9 | Loans and advances to customers | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 0 | 0 | |
Strong | Financial assets at amortised cost, category | Lifetime expected credit losses | POCI | IFRS 9 | Loans and advances to banks | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 0 | 0 | |
Strong | Financial assets at amortised cost, category | Lifetime expected credit losses | POCI | IFRS 9 | Other financial assets | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 0 | 0 | |
Strong | Financial assets measured at fair value through other comprehensive income, category | IFRS 9 | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 319,632 | 297,961 | |
Strong | Financial assets measured at fair value through other comprehensive income, category | IFRS 9 | Debt securities | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 319,632 | ||
Strong | Financial assets measured at fair value through other comprehensive income, category | 12-month expected credit losses | Financial instruments not credit-impaired | IFRS 9 | Debt securities | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 319,623 | 297,753 | |
Strong | Financial assets measured at fair value through other comprehensive income, category | Lifetime expected credit losses | Financial instruments not credit-impaired | IFRS 9 | Debt securities | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 9 | 208 | |
Strong | Financial assets measured at fair value through other comprehensive income, category | Lifetime expected credit losses | Financial instruments credit-impaired after purchase or origination | IFRS 9 | Debt securities | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 0 | 0 | |
Strong | Financial assets measured at fair value through other comprehensive income, category | Lifetime expected credit losses | POCI | IFRS 9 | Debt securities | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 0 | 0 | |
Good | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Off-balance sheet commitments | 25,743 | ||
Good | Loan and other credit-related commitments | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Off-balance sheet commitments | 0 | ||
Good | IFRS 9 | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Off-balance sheet commitments | 144,476 | ||
Financial assets and off-balance sheet loan commitments | 440,770 | 410,779 | |
Good | IFRS 9 | Loan and other credit-related commitments | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Off-balance sheet commitments | 137,076 | 121,508 | |
Good | IFRS 9 | Financial guarantees | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Off-balance sheet commitments | 7,400 | 7,086 | |
Good | 12-month expected credit losses | Financial instruments not credit-impaired | IFRS 9 | Loan and other credit-related commitments | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Off-balance sheet commitments | 132,220 | 115,008 | |
Good | 12-month expected credit losses | Financial instruments not credit-impaired | IFRS 9 | Financial guarantees | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Off-balance sheet commitments | 6,879 | 6,590 | |
Good | Lifetime expected credit losses | Financial instruments not credit-impaired | IFRS 9 | Loan and other credit-related commitments | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Off-balance sheet commitments | 4,856 | 6,500 | |
Good | Lifetime expected credit losses | Financial instruments not credit-impaired | IFRS 9 | Financial guarantees | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Off-balance sheet commitments | 521 | 496 | |
Good | Lifetime expected credit losses | Financial instruments credit-impaired after purchase or origination | IFRS 9 | Loan and other credit-related commitments | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Off-balance sheet commitments | 0 | 0 | |
Good | Lifetime expected credit losses | Financial instruments credit-impaired after purchase or origination | IFRS 9 | Financial guarantees | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Off-balance sheet commitments | 0 | 0 | |
Good | Lifetime expected credit losses | POCI | IFRS 9 | Loan and other credit-related commitments | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Off-balance sheet commitments | 0 | 0 | |
Good | Lifetime expected credit losses | POCI | IFRS 9 | Financial guarantees | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Off-balance sheet commitments | 0 | 0 | |
Good | Financial assets at amortised cost, category | IFRS 9 | Loans and advances to customers | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 244,199 | 227,146 | |
Good | Financial assets at amortised cost, category | IFRS 9 | Loans and advances to banks | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 7,371 | 7,692 | |
Good | Financial assets at amortised cost, category | IFRS 9 | Other financial assets | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 44,724 | 47,347 | |
Good | Financial assets at amortised cost, category | 12-month expected credit losses | Financial instruments not credit-impaired | IFRS 9 | Loans and advances to customers | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 233,843 | 211,084 | |
Good | Financial assets at amortised cost, category | 12-month expected credit losses | Financial instruments not credit-impaired | IFRS 9 | Loans and advances to banks | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 7,250 | 7,351 | |
Good | Financial assets at amortised cost, category | 12-month expected credit losses | Financial instruments not credit-impaired | IFRS 9 | Other financial assets | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 44,339 | 47,019 | |
Good | Financial assets at amortised cost, category | Lifetime expected credit losses | Financial instruments not credit-impaired | IFRS 9 | Loans and advances to customers | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 10,356 | 16,062 | |
Good | Financial assets at amortised cost, category | Lifetime expected credit losses | Financial instruments not credit-impaired | IFRS 9 | Loans and advances to banks | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 121 | 341 | |
Good | Financial assets at amortised cost, category | Lifetime expected credit losses | Financial instruments not credit-impaired | IFRS 9 | Other financial assets | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 385 | 328 | |
Good | Financial assets at amortised cost, category | Lifetime expected credit losses | Financial instruments credit-impaired after purchase or origination | IFRS 9 | Loans and advances to customers | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 0 | 0 | |
Good | Financial assets at amortised cost, category | Lifetime expected credit losses | Financial instruments credit-impaired after purchase or origination | IFRS 9 | Loans and advances to banks | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 0 | 0 | |
Good | Financial assets at amortised cost, category | Lifetime expected credit losses | Financial instruments credit-impaired after purchase or origination | IFRS 9 | Other financial assets | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 0 | 0 | |
Good | Financial assets at amortised cost, category | Lifetime expected credit losses | POCI | IFRS 9 | Loans and advances to customers | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 0 | 0 | |
Good | Financial assets at amortised cost, category | Lifetime expected credit losses | POCI | IFRS 9 | Loans and advances to banks | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 0 | 0 | |
Good | Financial assets at amortised cost, category | Lifetime expected credit losses | POCI | IFRS 9 | Other financial assets | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 0 | 0 | |
Good | Financial assets measured at fair value through other comprehensive income, category | IFRS 9 | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 12,454 | 6,786 | |
Good | Financial assets measured at fair value through other comprehensive income, category | IFRS 9 | Debt securities | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 12,454 | ||
Good | Financial assets measured at fair value through other comprehensive income, category | 12-month expected credit losses | Financial instruments not credit-impaired | IFRS 9 | Debt securities | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 12,358 | 6,678 | |
Good | Financial assets measured at fair value through other comprehensive income, category | Lifetime expected credit losses | Financial instruments not credit-impaired | IFRS 9 | Debt securities | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 96 | 108 | |
Good | Financial assets measured at fair value through other comprehensive income, category | Lifetime expected credit losses | Financial instruments credit-impaired after purchase or origination | IFRS 9 | Debt securities | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 0 | 0 | |
Good | Financial assets measured at fair value through other comprehensive income, category | Lifetime expected credit losses | POCI | IFRS 9 | Debt securities | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 0 | 0 | |
Satisfactory | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Off-balance sheet commitments | 16,790 | ||
Satisfactory | Loan and other credit-related commitments | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Off-balance sheet commitments | 0 | ||
Satisfactory | IFRS 9 | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Off-balance sheet commitments | 80,983 | ||
Financial assets and off-balance sheet loan commitments | 338,908 | 345,676 | |
Satisfactory | IFRS 9 | Loan and other credit-related commitments | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Off-balance sheet commitments | 75,478 | 74,694 | |
Satisfactory | IFRS 9 | Financial guarantees | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Off-balance sheet commitments | 5,505 | 7,408 | |
Satisfactory | 12-month expected credit losses | Financial instruments not credit-impaired | IFRS 9 | Loan and other credit-related commitments | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Off-balance sheet commitments | 63,457 | 64,429 | |
Satisfactory | 12-month expected credit losses | Financial instruments not credit-impaired | IFRS 9 | Financial guarantees | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Off-balance sheet commitments | 4,264 | 5,500 | |
Satisfactory | Lifetime expected credit losses | Financial instruments not credit-impaired | IFRS 9 | Loan and other credit-related commitments | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Off-balance sheet commitments | 12,021 | 10,265 | |
Satisfactory | Lifetime expected credit losses | Financial instruments not credit-impaired | IFRS 9 | Financial guarantees | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Off-balance sheet commitments | 1,241 | 1,908 | |
Satisfactory | Lifetime expected credit losses | Financial instruments credit-impaired after purchase or origination | IFRS 9 | Loan and other credit-related commitments | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Off-balance sheet commitments | 0 | 0 | |
Satisfactory | Lifetime expected credit losses | Financial instruments credit-impaired after purchase or origination | IFRS 9 | Financial guarantees | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Off-balance sheet commitments | 0 | 0 | |
Satisfactory | Lifetime expected credit losses | POCI | IFRS 9 | Loan and other credit-related commitments | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Off-balance sheet commitments | 0 | 0 | |
Satisfactory | Lifetime expected credit losses | POCI | IFRS 9 | Financial guarantees | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Off-balance sheet commitments | 0 | 0 | |
Satisfactory | Financial assets at amortised cost, category | IFRS 9 | Loans and advances to customers | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 230,357 | 220,089 | |
Satisfactory | Financial assets at amortised cost, category | IFRS 9 | Loans and advances to banks | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 4,549 | 3,890 | |
Satisfactory | Financial assets at amortised cost, category | IFRS 9 | Other financial assets | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 23,019 | 39,595 | |
Satisfactory | Financial assets at amortised cost, category | 12-month expected credit losses | Financial instruments not credit-impaired | IFRS 9 | Loans and advances to customers | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 191,851 | 180,002 | |
Satisfactory | Financial assets at amortised cost, category | 12-month expected credit losses | Financial instruments not credit-impaired | IFRS 9 | Loans and advances to banks | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 4,413 | 3,642 | |
Satisfactory | Financial assets at amortised cost, category | 12-month expected credit losses | Financial instruments not credit-impaired | IFRS 9 | Other financial assets | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 22,184 | 38,929 | |
Satisfactory | Financial assets at amortised cost, category | Lifetime expected credit losses | Financial instruments not credit-impaired | IFRS 9 | Loans and advances to customers | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 38,506 | 40,087 | |
Satisfactory | Financial assets at amortised cost, category | Lifetime expected credit losses | Financial instruments not credit-impaired | IFRS 9 | Loans and advances to banks | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 136 | 248 | |
Satisfactory | Financial assets at amortised cost, category | Lifetime expected credit losses | Financial instruments not credit-impaired | IFRS 9 | Other financial assets | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 835 | 666 | |
Satisfactory | Financial assets at amortised cost, category | Lifetime expected credit losses | Financial instruments credit-impaired after purchase or origination | IFRS 9 | Loans and advances to customers | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 0 | 0 | |
Satisfactory | Financial assets at amortised cost, category | Lifetime expected credit losses | Financial instruments credit-impaired after purchase or origination | IFRS 9 | Loans and advances to banks | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 0 | 0 | |
Satisfactory | Financial assets at amortised cost, category | Lifetime expected credit losses | Financial instruments credit-impaired after purchase or origination | IFRS 9 | Other financial assets | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 0 | 0 | |
Satisfactory | Financial assets at amortised cost, category | Lifetime expected credit losses | POCI | IFRS 9 | Loans and advances to customers | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 0 | 0 | |
Satisfactory | Financial assets at amortised cost, category | Lifetime expected credit losses | POCI | IFRS 9 | Loans and advances to banks | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 0 | 0 | |
Satisfactory | Financial assets at amortised cost, category | Lifetime expected credit losses | POCI | IFRS 9 | Other financial assets | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 0 | 0 | |
Satisfactory | Financial assets measured at fair value through other comprehensive income, category | IFRS 9 | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 7,210 | 13,088 | |
Satisfactory | Financial assets measured at fair value through other comprehensive income, category | IFRS 9 | Debt securities | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 7,210 | ||
Satisfactory | Financial assets measured at fair value through other comprehensive income, category | 12-month expected credit losses | Financial instruments not credit-impaired | IFRS 9 | Debt securities | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 6,856 | 12,941 | |
Satisfactory | Financial assets measured at fair value through other comprehensive income, category | Lifetime expected credit losses | Financial instruments not credit-impaired | IFRS 9 | Debt securities | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 354 | 147 | |
Satisfactory | Financial assets measured at fair value through other comprehensive income, category | Lifetime expected credit losses | Financial instruments credit-impaired after purchase or origination | IFRS 9 | Debt securities | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 0 | 0 | |
Satisfactory | Financial assets measured at fair value through other comprehensive income, category | Lifetime expected credit losses | POCI | IFRS 9 | Debt securities | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 0 | 0 | |
Sub- standard | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Off-balance sheet commitments | 1,869 | ||
Sub- standard | Loan and other credit-related commitments | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Off-balance sheet commitments | 0 | ||
Sub- standard | IFRS 9 | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Off-balance sheet commitments | 5,830 | ||
Financial assets and off-balance sheet loan commitments | 23,034 | 26,048 | |
Sub- standard | IFRS 9 | Loan and other credit-related commitments | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Off-balance sheet commitments | 5,233 | 6,431 | |
Sub- standard | IFRS 9 | Financial guarantees | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Off-balance sheet commitments | 597 | 807 | |
Sub- standard | 12-month expected credit losses | Financial instruments not credit-impaired | IFRS 9 | Loan and other credit-related commitments | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Off-balance sheet commitments | 976 | 1,591 | |
Sub- standard | 12-month expected credit losses | Financial instruments not credit-impaired | IFRS 9 | Financial guarantees | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Off-balance sheet commitments | 159 | 323 | |
Sub- standard | Lifetime expected credit losses | Financial instruments not credit-impaired | IFRS 9 | Loan and other credit-related commitments | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Off-balance sheet commitments | 4,257 | 4,840 | |
Sub- standard | Lifetime expected credit losses | Financial instruments not credit-impaired | IFRS 9 | Financial guarantees | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Off-balance sheet commitments | 438 | 484 | |
Sub- standard | Lifetime expected credit losses | Financial instruments credit-impaired after purchase or origination | IFRS 9 | Loan and other credit-related commitments | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Off-balance sheet commitments | 0 | 0 | |
Sub- standard | Lifetime expected credit losses | Financial instruments credit-impaired after purchase or origination | IFRS 9 | Financial guarantees | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Off-balance sheet commitments | 0 | 0 | |
Sub- standard | Lifetime expected credit losses | POCI | IFRS 9 | Loan and other credit-related commitments | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Off-balance sheet commitments | 0 | 0 | |
Sub- standard | Lifetime expected credit losses | POCI | IFRS 9 | Financial guarantees | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Off-balance sheet commitments | 0 | 0 | |
Sub- standard | Financial assets at amortised cost, category | IFRS 9 | Loans and advances to customers | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 16,993 | 17,922 | |
Sub- standard | Financial assets at amortised cost, category | IFRS 9 | Loans and advances to banks | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 11 | 26 | |
Sub- standard | Financial assets at amortised cost, category | IFRS 9 | Other financial assets | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 200 | 862 | |
Sub- standard | Financial assets at amortised cost, category | 12-month expected credit losses | Financial instruments not credit-impaired | IFRS 9 | Loans and advances to customers | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 5,587 | 4,599 | |
Sub- standard | Financial assets at amortised cost, category | 12-month expected credit losses | Financial instruments not credit-impaired | IFRS 9 | Loans and advances to banks | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 11 | 10 | |
Sub- standard | Financial assets at amortised cost, category | 12-month expected credit losses | Financial instruments not credit-impaired | IFRS 9 | Other financial assets | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 70 | 546 | |
Sub- standard | Financial assets at amortised cost, category | Lifetime expected credit losses | Financial instruments not credit-impaired | IFRS 9 | Loans and advances to customers | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 11,380 | 13,323 | |
Sub- standard | Financial assets at amortised cost, category | Lifetime expected credit losses | Financial instruments not credit-impaired | IFRS 9 | Loans and advances to banks | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 0 | 16 | |
Sub- standard | Financial assets at amortised cost, category | Lifetime expected credit losses | Financial instruments not credit-impaired | IFRS 9 | Other financial assets | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 130 | 316 | |
Sub- standard | Financial assets at amortised cost, category | Lifetime expected credit losses | Financial instruments credit-impaired after purchase or origination | IFRS 9 | Loans and advances to customers | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 0 | 0 | |
Sub- standard | Financial assets at amortised cost, category | Lifetime expected credit losses | Financial instruments credit-impaired after purchase or origination | IFRS 9 | Loans and advances to banks | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 0 | 0 | |
Sub- standard | Financial assets at amortised cost, category | Lifetime expected credit losses | Financial instruments credit-impaired after purchase or origination | IFRS 9 | Other financial assets | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 0 | 0 | |
Sub- standard | Financial assets at amortised cost, category | Lifetime expected credit losses | POCI | IFRS 9 | Loans and advances to customers | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 26 | 0 | |
Sub- standard | Financial assets at amortised cost, category | Lifetime expected credit losses | POCI | IFRS 9 | Loans and advances to banks | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 0 | 0 | |
Sub- standard | Financial assets at amortised cost, category | Lifetime expected credit losses | POCI | IFRS 9 | Other financial assets | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 0 | 0 | |
Sub- standard | Financial assets measured at fair value through other comprehensive income, category | IFRS 9 | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 2,558 | 4,276 | |
Sub- standard | Financial assets measured at fair value through other comprehensive income, category | IFRS 9 | Debt securities | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 2,558 | ||
Sub- standard | Financial assets measured at fair value through other comprehensive income, category | 12-month expected credit losses | Financial instruments not credit-impaired | IFRS 9 | Debt securities | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 2,218 | 2,450 | |
Sub- standard | Financial assets measured at fair value through other comprehensive income, category | Lifetime expected credit losses | Financial instruments not credit-impaired | IFRS 9 | Debt securities | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 340 | 1,826 | |
Sub- standard | Financial assets measured at fair value through other comprehensive income, category | Lifetime expected credit losses | Financial instruments credit-impaired after purchase or origination | IFRS 9 | Debt securities | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 0 | 0 | |
Sub- standard | Financial assets measured at fair value through other comprehensive income, category | Lifetime expected credit losses | POCI | IFRS 9 | Debt securities | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 0 | 0 | |
Credit impaired | IFRS 9 | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets and off-balance sheet loan commitments | 14,666 | 16,287 | |
Credit impaired | IFRS 9 | Loan and other credit-related commitments | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Off-balance sheet commitments | 919 | 1,045 | |
Credit impaired | IFRS 9 | Financial guarantees | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Off-balance sheet commitments | 300 | 209 | |
Credit impaired | 12-month expected credit losses | Financial instruments not credit-impaired | IFRS 9 | Loan and other credit-related commitments | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Off-balance sheet commitments | 0 | 0 | |
Credit impaired | 12-month expected credit losses | Financial instruments not credit-impaired | IFRS 9 | Financial guarantees | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Off-balance sheet commitments | 0 | 0 | |
Credit impaired | Lifetime expected credit losses | Financial instruments not credit-impaired | IFRS 9 | Loan and other credit-related commitments | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Off-balance sheet commitments | 0 | 0 | |
Credit impaired | Lifetime expected credit losses | Financial instruments not credit-impaired | IFRS 9 | Financial guarantees | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Off-balance sheet commitments | 0 | 0 | |
Credit impaired | Lifetime expected credit losses | Financial instruments credit-impaired after purchase or origination | IFRS 9 | Loan and other credit-related commitments | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Off-balance sheet commitments | 912 | 999 | |
Credit impaired | Lifetime expected credit losses | Financial instruments credit-impaired after purchase or origination | IFRS 9 | Financial guarantees | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Off-balance sheet commitments | 297 | 187 | |
Credit impaired | Lifetime expected credit losses | POCI | IFRS 9 | Loan and other credit-related commitments | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Off-balance sheet commitments | 7 | 46 | |
Credit impaired | Lifetime expected credit losses | POCI | IFRS 9 | Financial guarantees | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Off-balance sheet commitments | 3 | 22 | |
Credit impaired | Financial assets at amortised cost, category | IFRS 9 | Loans and advances to customers | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 13,321 | 14,856 | |
Credit impaired | Financial assets at amortised cost, category | IFRS 9 | Loans and advances to banks | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 0 | 15 | |
Credit impaired | Financial assets at amortised cost, category | IFRS 9 | Other financial assets | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 126 | 162 | |
Credit impaired | Financial assets at amortised cost, category | 12-month expected credit losses | Financial instruments not credit-impaired | IFRS 9 | Loans and advances to customers | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 0 | 0 | |
Credit impaired | Financial assets at amortised cost, category | 12-month expected credit losses | Financial instruments not credit-impaired | IFRS 9 | Loans and advances to banks | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 0 | 0 | |
Credit impaired | Financial assets at amortised cost, category | 12-month expected credit losses | Financial instruments not credit-impaired | IFRS 9 | Other financial assets | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 0 | 0 | |
Credit impaired | Financial assets at amortised cost, category | Lifetime expected credit losses | Financial instruments not credit-impaired | IFRS 9 | Loans and advances to customers | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 0 | 0 | |
Credit impaired | Financial assets at amortised cost, category | Lifetime expected credit losses | Financial instruments not credit-impaired | IFRS 9 | Loans and advances to banks | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 0 | 0 | |
Credit impaired | Financial assets at amortised cost, category | Lifetime expected credit losses | Financial instruments not credit-impaired | IFRS 9 | Other financial assets | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 0 | 0 | |
Credit impaired | Financial assets at amortised cost, category | Lifetime expected credit losses | Financial instruments credit-impaired after purchase or origination | IFRS 9 | Loans and advances to customers | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 13,023 | 13,882 | |
Credit impaired | Financial assets at amortised cost, category | Lifetime expected credit losses | Financial instruments credit-impaired after purchase or origination | IFRS 9 | Loans and advances to banks | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 0 | 15 | |
Credit impaired | Financial assets at amortised cost, category | Lifetime expected credit losses | Financial instruments credit-impaired after purchase or origination | IFRS 9 | Other financial assets | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 126 | 155 | |
Credit impaired | Financial assets at amortised cost, category | Lifetime expected credit losses | POCI | IFRS 9 | Loans and advances to customers | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 298 | 974 | |
Credit impaired | Financial assets at amortised cost, category | Lifetime expected credit losses | POCI | IFRS 9 | Loans and advances to banks | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 0 | 0 | |
Credit impaired | Financial assets at amortised cost, category | Lifetime expected credit losses | POCI | IFRS 9 | Other financial assets | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 0 | 7 | |
Credit impaired | Financial assets measured at fair value through other comprehensive income, category | IFRS 9 | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 12 | 584 | |
Credit impaired | Financial assets measured at fair value through other comprehensive income, category | 12-month expected credit losses | Financial instruments not credit-impaired | IFRS 9 | Debt securities | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 0 | 0 | |
Credit impaired | Financial assets measured at fair value through other comprehensive income, category | Lifetime expected credit losses | Financial instruments not credit-impaired | IFRS 9 | Debt securities | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 0 | 0 | |
Credit impaired | Financial assets measured at fair value through other comprehensive income, category | Lifetime expected credit losses | Financial instruments credit-impaired after purchase or origination | IFRS 9 | Debt securities | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 8 | 584 | |
Credit impaired | Financial assets measured at fair value through other comprehensive income, category | Lifetime expected credit losses | POCI | IFRS 9 | Debt securities | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | $ 4 | $ 0 |
Report Of The Directors Fina_12
Report Of The Directors Financial Review Risk Report - Wholesale lending: reconciliation of changes in gross carrying/nominal amount and allowances for loans and advances to banks and customers including loan commitments and financial guarantees (Details) $ in Millions | 12 Months Ended |
Dec. 31, 2018USD ($) | |
Increase (decrease) in financial assets [abstract] | |
Financial assets, beginning balance | $ 2,433,785 |
Financial assets, ending balance | 2,471,203 |
Gross carrying amount | IFRS 9 | |
Increase (decrease) in financial assets [abstract] | |
Financial assets, ending balance | 1,645,418 |
Gross carrying amount | IFRS 9 | Loans and advances to banks and customers, including loan commitments and financial guarantees | |
Increase (decrease) in financial assets [abstract] | |
Financial assets, beginning balance | 1,565,014 |
Net new and further lending/repayments | 107,217 |
Assets written off | (2,569) |
Foreign exchange and other | (56,508) |
Financial assets, ending balance | 1,612,646 |
Accumulated impairment | IFRS 9 | |
Increase (decrease) in financial assets [abstract] | |
Financial assets, ending balance | (8,693) |
Accumulated impairment | IFRS 9 | Loans and advances to banks and customers, including loan commitments and financial guarantees | |
Increase (decrease) in financial assets [abstract] | |
Financial assets, beginning balance | (9,839) |
Net remeasurement of ECL arising from transfer of stage | (88) |
Net new and further lending/repayments | 827 |
Changes to risk parameters – credit quality | (2,953) |
Assets written off | 2,553 |
Foreign exchange and other | 413 |
Financial assets, ending balance | (9,056) |
ECL release/(charge) for the period | (2,214) |
Recoveries | 408 |
Others | (87) |
Total change in ECL for the period | (1,893) |
12-month expected credit losses | Financial instruments not credit-impaired | Gross carrying amount | IFRS 9 | Loans and advances to banks and customers, including loan commitments and financial guarantees | |
Increase (decrease) in financial assets [abstract] | |
Financial assets, beginning balance | 1,446,857 |
Transfers of financial instruments | (8,747) |
Net new and further lending/repayments | 126,868 |
Foreign exchange and other | (52,983) |
Financial assets, ending balance | 1,511,839 |
12-month expected credit losses | Financial instruments not credit-impaired | Accumulated impairment | IFRS 9 | Loans and advances to banks and customers, including loan commitments and financial guarantees | |
Increase (decrease) in financial assets [abstract] | |
Financial assets, beginning balance | (1,469) |
Transfers of financial instruments | (685) |
Net remeasurement of ECL arising from transfer of stage | 620 |
Net new and further lending/repayments | (512) |
Changes to risk parameters – credit quality | 423 |
Foreign exchange and other | 76 |
Financial assets, ending balance | (1,449) |
ECL release/(charge) for the period | 531 |
Lifetime expected credit losses | Financial instruments not credit-impaired | Gross carrying amount | IFRS 9 | Loans and advances to banks and customers, including loan commitments and financial guarantees | |
Increase (decrease) in financial assets [abstract] | |
Financial assets, beginning balance | 102,032 |
Transfers of financial instruments | 3,582 |
Net new and further lending/repayments | (16,162) |
Foreign exchange and other | (2,863) |
Financial assets, ending balance | 86,241 |
Lifetime expected credit losses | Financial instruments not credit-impaired | Accumulated impairment | IFRS 9 | Loans and advances to banks and customers, including loan commitments and financial guarantees | |
Increase (decrease) in financial assets [abstract] | |
Financial assets, beginning balance | (2,406) |
Transfers of financial instruments | 1,185 |
Net remeasurement of ECL arising from transfer of stage | (605) |
Net new and further lending/repayments | 564 |
Changes to risk parameters – credit quality | (1,087) |
Foreign exchange and other | 99 |
Financial assets, ending balance | (2,278) |
ECL release/(charge) for the period | (1,128) |
Lifetime expected credit losses | Financial instruments credit-impaired after purchase or origination | Gross carrying amount | IFRS 9 | Loans and advances to banks and customers, including loan commitments and financial guarantees | |
Increase (decrease) in financial assets [abstract] | |
Financial assets, beginning balance | 15,083 |
Transfers of financial instruments | 5,165 |
Net new and further lending/repayments | (2,902) |
Assets written off | (2,568) |
Foreign exchange and other | (636) |
Financial assets, ending balance | 14,232 |
Lifetime expected credit losses | Financial instruments credit-impaired after purchase or origination | Accumulated impairment | IFRS 9 | Loans and advances to banks and customers, including loan commitments and financial guarantees | |
Increase (decrease) in financial assets [abstract] | |
Financial assets, beginning balance | (5,722) |
Transfers of financial instruments | (500) |
Net remeasurement of ECL arising from transfer of stage | (103) |
Net new and further lending/repayments | 733 |
Changes to risk parameters – credit quality | (2,238) |
Assets written off | 2,552 |
Foreign exchange and other | 232 |
Financial assets, ending balance | (5,135) |
ECL release/(charge) for the period | (1,608) |
Lifetime expected credit losses | POCI | Gross carrying amount | IFRS 9 | Loans and advances to banks and customers, including loan commitments and financial guarantees | |
Increase (decrease) in financial assets [abstract] | |
Financial assets, beginning balance | 1,042 |
Net new and further lending/repayments | (587) |
Assets written off | (1) |
Foreign exchange and other | (26) |
Financial assets, ending balance | 334 |
Lifetime expected credit losses | POCI | Accumulated impairment | IFRS 9 | Loans and advances to banks and customers, including loan commitments and financial guarantees | |
Increase (decrease) in financial assets [abstract] | |
Financial assets, beginning balance | (242) |
Net new and further lending/repayments | 42 |
Changes to risk parameters – credit quality | (51) |
Assets written off | 1 |
Foreign exchange and other | 6 |
Financial assets, ending balance | (194) |
ECL release/(charge) for the period | (9) |
Wholesale Lending Sector | Gross carrying amount | IFRS 9 | Loans and advances to banks and customers, including loan commitments and financial guarantees | |
Increase (decrease) in financial assets [abstract] | |
Financial assets, beginning balance | 993,134 |
Net new and further lending/repayments | 57,397 |
Assets written off | (1,183) |
Foreign exchange and other | (39,317) |
Financial assets, ending balance | 1,010,031 |
Wholesale Lending Sector | Accumulated impairment | IFRS 9 | Loans and advances to banks and customers, including loan commitments and financial guarantees | |
Increase (decrease) in financial assets [abstract] | |
Financial assets, beginning balance | (6,774) |
Net remeasurement of ECL arising from transfer of stage | (61) |
Net new and further lending/repayments | 519 |
Changes to risk parameters – credit quality | (1,236) |
Assets written off | 1,173 |
Foreign exchange and other | 284 |
Financial assets, ending balance | (6,095) |
ECL release/(charge) for the period | (778) |
Recoveries | 118 |
Others | (69) |
Total change in ECL for the period | (729) |
Wholesale Lending Sector | 12-month expected credit losses | Financial instruments not credit-impaired | Gross carrying amount | IFRS 9 | Loans and advances to banks and customers, including loan commitments and financial guarantees | |
Increase (decrease) in financial assets [abstract] | |
Financial assets, beginning balance | 897,529 |
Transfers of financial instruments | (4,477) |
Net new and further lending/repayments | 74,107 |
Foreign exchange and other | (36,104) |
Financial assets, ending balance | 931,055 |
Wholesale Lending Sector | 12-month expected credit losses | Financial instruments not credit-impaired | Accumulated impairment | IFRS 9 | Loans and advances to banks and customers, including loan commitments and financial guarantees | |
Increase (decrease) in financial assets [abstract] | |
Financial assets, beginning balance | (873) |
Transfers of financial instruments | (274) |
Net remeasurement of ECL arising from transfer of stage | 262 |
Net new and further lending/repayments | (271) |
Changes to risk parameters – credit quality | 157 |
Foreign exchange and other | 97 |
Financial assets, ending balance | (902) |
ECL release/(charge) for the period | 148 |
Wholesale Lending Sector | Lifetime expected credit losses | Financial instruments not credit-impaired | Gross carrying amount | IFRS 9 | Loans and advances to banks and customers, including loan commitments and financial guarantees | |
Increase (decrease) in financial assets [abstract] | |
Financial assets, beginning balance | 84,354 |
Transfers of financial instruments | 1,535 |
Net new and further lending/repayments | (13,709) |
Foreign exchange and other | (2,777) |
Financial assets, ending balance | 69,403 |
Wholesale Lending Sector | Lifetime expected credit losses | Financial instruments not credit-impaired | Accumulated impairment | IFRS 9 | Loans and advances to banks and customers, including loan commitments and financial guarantees | |
Increase (decrease) in financial assets [abstract] | |
Financial assets, beginning balance | (1,249) |
Transfers of financial instruments | 386 |
Net remeasurement of ECL arising from transfer of stage | (231) |
Net new and further lending/repayments | 342 |
Changes to risk parameters – credit quality | (301) |
Foreign exchange and other | 41 |
Financial assets, ending balance | (1,012) |
ECL release/(charge) for the period | (190) |
Wholesale Lending Sector | Lifetime expected credit losses | Financial instruments credit-impaired after purchase or origination | Gross carrying amount | IFRS 9 | Loans and advances to banks and customers, including loan commitments and financial guarantees | |
Increase (decrease) in financial assets [abstract] | |
Financial assets, beginning balance | 10,209 |
Transfers of financial instruments | 2,942 |
Net new and further lending/repayments | (2,414) |
Assets written off | (1,182) |
Foreign exchange and other | (316) |
Financial assets, ending balance | 9,239 |
Wholesale Lending Sector | Lifetime expected credit losses | Financial instruments credit-impaired after purchase or origination | Accumulated impairment | IFRS 9 | Loans and advances to banks and customers, including loan commitments and financial guarantees | |
Increase (decrease) in financial assets [abstract] | |
Financial assets, beginning balance | (4,410) |
Transfers of financial instruments | (112) |
Net remeasurement of ECL arising from transfer of stage | (92) |
Net new and further lending/repayments | 406 |
Changes to risk parameters – credit quality | (1,041) |
Assets written off | 1,172 |
Foreign exchange and other | 90 |
Financial assets, ending balance | (3,987) |
ECL release/(charge) for the period | (727) |
Wholesale Lending Sector | Lifetime expected credit losses | POCI | Gross carrying amount | IFRS 9 | Loans and advances to banks and customers, including loan commitments and financial guarantees | |
Increase (decrease) in financial assets [abstract] | |
Financial assets, beginning balance | 1,042 |
Net new and further lending/repayments | (587) |
Assets written off | (1) |
Foreign exchange and other | (120) |
Financial assets, ending balance | 334 |
Wholesale Lending Sector | Lifetime expected credit losses | POCI | Accumulated impairment | IFRS 9 | Loans and advances to banks and customers, including loan commitments and financial guarantees | |
Increase (decrease) in financial assets [abstract] | |
Financial assets, beginning balance | (242) |
Net new and further lending/repayments | 42 |
Changes to risk parameters – credit quality | (51) |
Assets written off | 1 |
Foreign exchange and other | 56 |
Financial assets, ending balance | (194) |
ECL release/(charge) for the period | $ (9) |
Report Of The Directors Fina_13
Report Of The Directors Financial Review Risk Report - Wholesale lending: commercial real estate loans and advances including loan commitments by level of collateral for key countries/territories (by stage) (Details) - USD ($) $ in Millions | Dec. 31, 2018 | Jan. 01, 2018 | Dec. 31, 2017 |
Commercial real estate loans and advances including loan commitments | Loans and advances to customers and banks | |||
Disclosure of financial assets [line items] | |||
Financial assets and off-balance sheet loan commitments | $ 127,271 | ||
UK | Commercial real estate loans and advances including loan commitments | Loans and advances to customers and banks | |||
Disclosure of financial assets [line items] | |||
Financial assets and off-balance sheet loan commitments | 27,819 | ||
Hong Kong | Commercial real estate loans and advances including loan commitments | Loans and advances to customers and banks | |||
Disclosure of financial assets [line items] | |||
Financial assets and off-balance sheet loan commitments | 64,437 | ||
US | Commercial real estate loans and advances including loan commitments | Loans and advances to customers and banks | |||
Disclosure of financial assets [line items] | |||
Financial assets and off-balance sheet loan commitments | $ 4,797 | ||
IFRS 9 | |||
Disclosure of financial assets [line items] | |||
Financial assets and off-balance sheet loan commitments | $ 2,251,833 | $ 2,160,680 | |
Wholesale Lending Sector | Commercial real estate loans and advances including loan commitments | Loans and advances to customers and banks | |||
Disclosure of financial assets [line items] | |||
Financial assets and off-balance sheet loan commitments | $ 164,464 | ||
ECL coverage | 0.50% | ||
Wholesale Lending Sector | UK | Commercial real estate loans and advances including loan commitments | Loans and advances to customers and banks | |||
Disclosure of financial assets [line items] | |||
Financial assets and off-balance sheet loan commitments | $ 30,845 | ||
ECL coverage | 0.90% | ||
Wholesale Lending Sector | Hong Kong | Commercial real estate loans and advances including loan commitments | Loans and advances to customers and banks | |||
Disclosure of financial assets [line items] | |||
Financial assets and off-balance sheet loan commitments | $ 75,271 | ||
ECL coverage | 0.00% | ||
Wholesale Lending Sector | US | Commercial real estate loans and advances including loan commitments | Loans and advances to customers and banks | |||
Disclosure of financial assets [line items] | |||
Financial assets and off-balance sheet loan commitments | $ 5,301 | ||
ECL coverage | 0.10% | ||
Wholesale Lending Sector | IFRS 9 | Commercial real estate loans and advances including loan commitments | Loans and advances to customers and banks | |||
Disclosure of financial assets [line items] | |||
Financial assets and off-balance sheet loan commitments | $ 164,464 | ||
ECL coverage | 0.50% | ||
Wholesale Lending Sector | IFRS 9 | UK | Commercial real estate loans and advances including loan commitments | Loans and advances to customers and banks | |||
Disclosure of financial assets [line items] | |||
Financial assets and off-balance sheet loan commitments | $ 30,845 | ||
ECL coverage | 0.90% | ||
Wholesale Lending Sector | IFRS 9 | Hong Kong | Commercial real estate loans and advances including loan commitments | Loans and advances to customers and banks | |||
Disclosure of financial assets [line items] | |||
Financial assets and off-balance sheet loan commitments | $ 75,271 | ||
ECL coverage | 0.00% | ||
Wholesale Lending Sector | IFRS 9 | US | Commercial real estate loans and advances including loan commitments | Loans and advances to customers and banks | |||
Disclosure of financial assets [line items] | |||
Financial assets and off-balance sheet loan commitments | $ 5,301 | ||
ECL coverage | 0.10% | ||
Wholesale Lending Sector | IFRS 9 | 12-month expected credit losses | Financial instruments not credit-impaired | Commercial real estate loans and advances including loan commitments | Loans and advances to customers and banks | |||
Disclosure of financial assets [line items] | |||
Financial assets and off-balance sheet loan commitments | $ 155,782 | ||
Collateral value | $ 3,735 | ||
ECL coverage | 0.10% | ||
Wholesale Lending Sector | IFRS 9 | 12-month expected credit losses | Financial instruments not credit-impaired | UK | Commercial real estate loans and advances including loan commitments | Loans and advances to customers and banks | |||
Disclosure of financial assets [line items] | |||
Financial assets and off-balance sheet loan commitments | $ 28,838 | ||
Collateral value | $ 285 | ||
ECL coverage | 0.10% | ||
Wholesale Lending Sector | IFRS 9 | 12-month expected credit losses | Financial instruments not credit-impaired | Hong Kong | Commercial real estate loans and advances including loan commitments | Loans and advances to customers and banks | |||
Disclosure of financial assets [line items] | |||
Financial assets and off-balance sheet loan commitments | $ 72,528 | ||
Collateral value | $ 1,401 | ||
ECL coverage | 0.00% | ||
Wholesale Lending Sector | IFRS 9 | 12-month expected credit losses | Financial instruments not credit-impaired | US | Commercial real estate loans and advances including loan commitments | Loans and advances to customers and banks | |||
Disclosure of financial assets [line items] | |||
Financial assets and off-balance sheet loan commitments | $ 4,862 | ||
Collateral value | $ 0 | ||
ECL coverage | 0.00% | ||
Wholesale Lending Sector | IFRS 9 | 12-month expected credit losses | Financial instruments not credit-impaired | Not collateralised | Commercial real estate loans and advances including loan commitments | Loans and advances to customers and banks | |||
Disclosure of financial assets [line items] | |||
Financial assets and off-balance sheet loan commitments | $ 62,123 | ||
ECL coverage | 0.10% | ||
Wholesale Lending Sector | IFRS 9 | 12-month expected credit losses | Financial instruments not credit-impaired | Not collateralised | UK | Commercial real estate loans and advances including loan commitments | Loans and advances to customers and banks | |||
Disclosure of financial assets [line items] | |||
Financial assets and off-balance sheet loan commitments | $ 10,557 | ||
ECL coverage | 0.20% | ||
Wholesale Lending Sector | IFRS 9 | 12-month expected credit losses | Financial instruments not credit-impaired | Not collateralised | Hong Kong | Commercial real estate loans and advances including loan commitments | Loans and advances to customers and banks | |||
Disclosure of financial assets [line items] | |||
Financial assets and off-balance sheet loan commitments | $ 31,224 | ||
ECL coverage | 0.00% | ||
Wholesale Lending Sector | IFRS 9 | 12-month expected credit losses | Financial instruments not credit-impaired | Not collateralised | US | Commercial real estate loans and advances including loan commitments | Loans and advances to customers and banks | |||
Disclosure of financial assets [line items] | |||
Financial assets and off-balance sheet loan commitments | $ 0 | ||
ECL coverage | 0.00% | ||
Wholesale Lending Sector | IFRS 9 | 12-month expected credit losses | Financial instruments not credit-impaired | Fully collateralised | Commercial real estate loans and advances including loan commitments | Loans and advances to customers and banks | |||
Disclosure of financial assets [line items] | |||
Financial assets and off-balance sheet loan commitments | $ 87,530 | ||
ECL coverage | 0.10% | ||
Wholesale Lending Sector | IFRS 9 | 12-month expected credit losses | Financial instruments not credit-impaired | Fully collateralised | UK | Commercial real estate loans and advances including loan commitments | Loans and advances to customers and banks | |||
Disclosure of financial assets [line items] | |||
Financial assets and off-balance sheet loan commitments | $ 17,766 | ||
ECL coverage | 0.10% | ||
Wholesale Lending Sector | IFRS 9 | 12-month expected credit losses | Financial instruments not credit-impaired | Fully collateralised | Hong Kong | Commercial real estate loans and advances including loan commitments | Loans and advances to customers and banks | |||
Disclosure of financial assets [line items] | |||
Financial assets and off-balance sheet loan commitments | $ 39,174 | ||
ECL coverage | 0.00% | ||
Wholesale Lending Sector | IFRS 9 | 12-month expected credit losses | Financial instruments not credit-impaired | Fully collateralised | US | Commercial real estate loans and advances including loan commitments | Loans and advances to customers and banks | |||
Disclosure of financial assets [line items] | |||
Financial assets and off-balance sheet loan commitments | $ 4,862 | ||
ECL coverage | 0.00% | ||
Wholesale Lending Sector | IFRS 9 | 12-month expected credit losses | Financial instruments not credit-impaired | Partially collateralised | Commercial real estate loans and advances including loan commitments | Loans and advances to customers and banks | |||
Disclosure of financial assets [line items] | |||
Financial assets and off-balance sheet loan commitments | $ 6,129 | ||
ECL coverage | 0.10% | ||
Wholesale Lending Sector | IFRS 9 | 12-month expected credit losses | Financial instruments not credit-impaired | Partially collateralised | UK | Commercial real estate loans and advances including loan commitments | Loans and advances to customers and banks | |||
Disclosure of financial assets [line items] | |||
Financial assets and off-balance sheet loan commitments | $ 515 | ||
ECL coverage | 0.20% | ||
Wholesale Lending Sector | IFRS 9 | 12-month expected credit losses | Financial instruments not credit-impaired | Partially collateralised | Hong Kong | Commercial real estate loans and advances including loan commitments | Loans and advances to customers and banks | |||
Disclosure of financial assets [line items] | |||
Financial assets and off-balance sheet loan commitments | $ 2,130 | ||
ECL coverage | 0.00% | ||
Wholesale Lending Sector | IFRS 9 | 12-month expected credit losses | Financial instruments not credit-impaired | Partially collateralised | US | Commercial real estate loans and advances including loan commitments | Loans and advances to customers and banks | |||
Disclosure of financial assets [line items] | |||
Financial assets and off-balance sheet loan commitments | $ 0 | ||
ECL coverage | 0.00% | ||
Wholesale Lending Sector | IFRS 9 | 12-month expected credit losses | Financial instruments not credit-impaired | – less than 50% | Commercial real estate loans and advances including loan commitments | Loans and advances to customers and banks | |||
Disclosure of financial assets [line items] | |||
Financial assets and off-balance sheet loan commitments | $ 46,983 | ||
ECL coverage | 0.10% | ||
Wholesale Lending Sector | IFRS 9 | 12-month expected credit losses | Financial instruments not credit-impaired | – less than 50% | UK | Commercial real estate loans and advances including loan commitments | Loans and advances to customers and banks | |||
Disclosure of financial assets [line items] | |||
Financial assets and off-balance sheet loan commitments | $ 8,006 | ||
ECL coverage | 0.10% | ||
Wholesale Lending Sector | IFRS 9 | 12-month expected credit losses | Financial instruments not credit-impaired | – less than 50% | Hong Kong | Commercial real estate loans and advances including loan commitments | Loans and advances to customers and banks | |||
Disclosure of financial assets [line items] | |||
Financial assets and off-balance sheet loan commitments | $ 25,870 | ||
ECL coverage | 0.00% | ||
Wholesale Lending Sector | IFRS 9 | 12-month expected credit losses | Financial instruments not credit-impaired | – less than 50% | US | Commercial real estate loans and advances including loan commitments | Loans and advances to customers and banks | |||
Disclosure of financial assets [line items] | |||
Financial assets and off-balance sheet loan commitments | $ 3,463 | ||
ECL coverage | 0.00% | ||
Wholesale Lending Sector | IFRS 9 | 12-month expected credit losses | Financial instruments not credit-impaired | – 51% to 75% | Commercial real estate loans and advances including loan commitments | Loans and advances to customers and banks | |||
Disclosure of financial assets [line items] | |||
Financial assets and off-balance sheet loan commitments | $ 29,621 | ||
ECL coverage | 0.10% | ||
Wholesale Lending Sector | IFRS 9 | 12-month expected credit losses | Financial instruments not credit-impaired | – 51% to 75% | UK | Commercial real estate loans and advances including loan commitments | Loans and advances to customers and banks | |||
Disclosure of financial assets [line items] | |||
Financial assets and off-balance sheet loan commitments | $ 8,174 | ||
ECL coverage | 0.10% | ||
Wholesale Lending Sector | IFRS 9 | 12-month expected credit losses | Financial instruments not credit-impaired | – 51% to 75% | Hong Kong | Commercial real estate loans and advances including loan commitments | Loans and advances to customers and banks | |||
Disclosure of financial assets [line items] | |||
Financial assets and off-balance sheet loan commitments | $ 10,452 | ||
ECL coverage | 0.10% | ||
Wholesale Lending Sector | IFRS 9 | 12-month expected credit losses | Financial instruments not credit-impaired | – 51% to 75% | US | Commercial real estate loans and advances including loan commitments | Loans and advances to customers and banks | |||
Disclosure of financial assets [line items] | |||
Financial assets and off-balance sheet loan commitments | $ 787 | ||
ECL coverage | 0.00% | ||
Wholesale Lending Sector | IFRS 9 | 12-month expected credit losses | Financial instruments not credit-impaired | – 76% to 90% | Commercial real estate loans and advances including loan commitments | Loans and advances to customers and banks | |||
Disclosure of financial assets [line items] | |||
Financial assets and off-balance sheet loan commitments | $ 5,167 | ||
ECL coverage | 0.10% | ||
Wholesale Lending Sector | IFRS 9 | 12-month expected credit losses | Financial instruments not credit-impaired | – 76% to 90% | UK | Commercial real estate loans and advances including loan commitments | Loans and advances to customers and banks | |||
Disclosure of financial assets [line items] | |||
Financial assets and off-balance sheet loan commitments | $ 1,038 | ||
ECL coverage | 0.00% | ||
Wholesale Lending Sector | IFRS 9 | 12-month expected credit losses | Financial instruments not credit-impaired | – 76% to 90% | Hong Kong | Commercial real estate loans and advances including loan commitments | Loans and advances to customers and banks | |||
Disclosure of financial assets [line items] | |||
Financial assets and off-balance sheet loan commitments | $ 1,168 | ||
ECL coverage | 0.10% | ||
Wholesale Lending Sector | IFRS 9 | 12-month expected credit losses | Financial instruments not credit-impaired | – 76% to 90% | US | Commercial real estate loans and advances including loan commitments | Loans and advances to customers and banks | |||
Disclosure of financial assets [line items] | |||
Financial assets and off-balance sheet loan commitments | $ 519 | ||
ECL coverage | 0.00% | ||
Wholesale Lending Sector | IFRS 9 | 12-month expected credit losses | Financial instruments not credit-impaired | – 91% to 100% | Commercial real estate loans and advances including loan commitments | Loans and advances to customers and banks | |||
Disclosure of financial assets [line items] | |||
Financial assets and off-balance sheet loan commitments | $ 5,759 | ||
ECL coverage | 0.10% | ||
Wholesale Lending Sector | IFRS 9 | 12-month expected credit losses | Financial instruments not credit-impaired | – 91% to 100% | UK | Commercial real estate loans and advances including loan commitments | Loans and advances to customers and banks | |||
Disclosure of financial assets [line items] | |||
Financial assets and off-balance sheet loan commitments | $ 548 | ||
ECL coverage | 0.20% | ||
Wholesale Lending Sector | IFRS 9 | 12-month expected credit losses | Financial instruments not credit-impaired | – 91% to 100% | Hong Kong | Commercial real estate loans and advances including loan commitments | Loans and advances to customers and banks | |||
Disclosure of financial assets [line items] | |||
Financial assets and off-balance sheet loan commitments | $ 1,684 | ||
ECL coverage | 0.10% | ||
Wholesale Lending Sector | IFRS 9 | 12-month expected credit losses | Financial instruments not credit-impaired | – 91% to 100% | US | Commercial real estate loans and advances including loan commitments | Loans and advances to customers and banks | |||
Disclosure of financial assets [line items] | |||
Financial assets and off-balance sheet loan commitments | $ 93 | ||
ECL coverage | 0.00% | ||
Wholesale Lending Sector | IFRS 9 | Lifetime expected credit losses | Financial instruments not credit-impaired | Commercial real estate loans and advances including loan commitments | Loans and advances to customers and banks | |||
Disclosure of financial assets [line items] | |||
Financial assets and off-balance sheet loan commitments | $ 7,249 | ||
Collateral value | $ 156 | ||
ECL coverage | 1.20% | ||
Wholesale Lending Sector | IFRS 9 | Lifetime expected credit losses | Financial instruments not credit-impaired | UK | Commercial real estate loans and advances including loan commitments | Loans and advances to customers and banks | |||
Disclosure of financial assets [line items] | |||
Financial assets and off-balance sheet loan commitments | $ 1,252 | ||
Collateral value | $ 20 | ||
ECL coverage | 3.90% | ||
Wholesale Lending Sector | IFRS 9 | Lifetime expected credit losses | Financial instruments not credit-impaired | Hong Kong | Commercial real estate loans and advances including loan commitments | Loans and advances to customers and banks | |||
Disclosure of financial assets [line items] | |||
Financial assets and off-balance sheet loan commitments | $ 2,731 | ||
Collateral value | $ 5 | ||
ECL coverage | 0.30% | ||
Wholesale Lending Sector | IFRS 9 | Lifetime expected credit losses | Financial instruments not credit-impaired | US | Commercial real estate loans and advances including loan commitments | Loans and advances to customers and banks | |||
Disclosure of financial assets [line items] | |||
Financial assets and off-balance sheet loan commitments | $ 439 | ||
Collateral value | $ 0 | ||
ECL coverage | 0.00% | ||
Wholesale Lending Sector | IFRS 9 | Lifetime expected credit losses | Financial instruments not credit-impaired | Not collateralised | Commercial real estate loans and advances including loan commitments | Loans and advances to customers and banks | |||
Disclosure of financial assets [line items] | |||
Financial assets and off-balance sheet loan commitments | $ 2,249 | ||
ECL coverage | 1.10% | ||
Wholesale Lending Sector | IFRS 9 | Lifetime expected credit losses | Financial instruments not credit-impaired | Not collateralised | UK | Commercial real estate loans and advances including loan commitments | Loans and advances to customers and banks | |||
Disclosure of financial assets [line items] | |||
Financial assets and off-balance sheet loan commitments | $ 446 | ||
ECL coverage | 2.50% | ||
Wholesale Lending Sector | IFRS 9 | Lifetime expected credit losses | Financial instruments not credit-impaired | Not collateralised | Hong Kong | Commercial real estate loans and advances including loan commitments | Loans and advances to customers and banks | |||
Disclosure of financial assets [line items] | |||
Financial assets and off-balance sheet loan commitments | $ 1,140 | ||
ECL coverage | 0.20% | ||
Wholesale Lending Sector | IFRS 9 | Lifetime expected credit losses | Financial instruments not credit-impaired | Not collateralised | US | Commercial real estate loans and advances including loan commitments | Loans and advances to customers and banks | |||
Disclosure of financial assets [line items] | |||
Financial assets and off-balance sheet loan commitments | $ 0 | ||
ECL coverage | 0.00% | ||
Wholesale Lending Sector | IFRS 9 | Lifetime expected credit losses | Financial instruments not credit-impaired | Fully collateralised | Commercial real estate loans and advances including loan commitments | Loans and advances to customers and banks | |||
Disclosure of financial assets [line items] | |||
Financial assets and off-balance sheet loan commitments | $ 4,739 | ||
ECL coverage | 1.30% | ||
Wholesale Lending Sector | IFRS 9 | Lifetime expected credit losses | Financial instruments not credit-impaired | Fully collateralised | UK | Commercial real estate loans and advances including loan commitments | Loans and advances to customers and banks | |||
Disclosure of financial assets [line items] | |||
Financial assets and off-balance sheet loan commitments | $ 782 | ||
ECL coverage | 4.50% | ||
Wholesale Lending Sector | IFRS 9 | Lifetime expected credit losses | Financial instruments not credit-impaired | Fully collateralised | Hong Kong | Commercial real estate loans and advances including loan commitments | Loans and advances to customers and banks | |||
Disclosure of financial assets [line items] | |||
Financial assets and off-balance sheet loan commitments | $ 1,576 | ||
ECL coverage | 0.40% | ||
Wholesale Lending Sector | IFRS 9 | Lifetime expected credit losses | Financial instruments not credit-impaired | Fully collateralised | US | Commercial real estate loans and advances including loan commitments | Loans and advances to customers and banks | |||
Disclosure of financial assets [line items] | |||
Financial assets and off-balance sheet loan commitments | $ 439 | ||
ECL coverage | 0.50% | ||
Wholesale Lending Sector | IFRS 9 | Lifetime expected credit losses | Financial instruments not credit-impaired | Partially collateralised | Commercial real estate loans and advances including loan commitments | Loans and advances to customers and banks | |||
Disclosure of financial assets [line items] | |||
Financial assets and off-balance sheet loan commitments | $ 261 | ||
ECL coverage | 1.50% | ||
Wholesale Lending Sector | IFRS 9 | Lifetime expected credit losses | Financial instruments not credit-impaired | Partially collateralised | UK | Commercial real estate loans and advances including loan commitments | Loans and advances to customers and banks | |||
Disclosure of financial assets [line items] | |||
Financial assets and off-balance sheet loan commitments | $ 24 | ||
ECL coverage | 12.50% | ||
Wholesale Lending Sector | IFRS 9 | Lifetime expected credit losses | Financial instruments not credit-impaired | Partially collateralised | Hong Kong | Commercial real estate loans and advances including loan commitments | Loans and advances to customers and banks | |||
Disclosure of financial assets [line items] | |||
Financial assets and off-balance sheet loan commitments | $ 15 | ||
ECL coverage | 0.00% | ||
Wholesale Lending Sector | IFRS 9 | Lifetime expected credit losses | Financial instruments not credit-impaired | Partially collateralised | US | Commercial real estate loans and advances including loan commitments | Loans and advances to customers and banks | |||
Disclosure of financial assets [line items] | |||
Financial assets and off-balance sheet loan commitments | $ 0 | ||
ECL coverage | 0.00% | ||
Wholesale Lending Sector | IFRS 9 | Lifetime expected credit losses | Financial instruments not credit-impaired | – less than 50% | Commercial real estate loans and advances including loan commitments | Loans and advances to customers and banks | |||
Disclosure of financial assets [line items] | |||
Financial assets and off-balance sheet loan commitments | $ 2,039 | ||
ECL coverage | 1.10% | ||
Wholesale Lending Sector | IFRS 9 | Lifetime expected credit losses | Financial instruments not credit-impaired | – less than 50% | UK | Commercial real estate loans and advances including loan commitments | Loans and advances to customers and banks | |||
Disclosure of financial assets [line items] | |||
Financial assets and off-balance sheet loan commitments | $ 394 | ||
ECL coverage | 3.60% | ||
Wholesale Lending Sector | IFRS 9 | Lifetime expected credit losses | Financial instruments not credit-impaired | – less than 50% | Hong Kong | Commercial real estate loans and advances including loan commitments | Loans and advances to customers and banks | |||
Disclosure of financial assets [line items] | |||
Financial assets and off-balance sheet loan commitments | $ 795 | ||
ECL coverage | 0.40% | ||
Wholesale Lending Sector | IFRS 9 | Lifetime expected credit losses | Financial instruments not credit-impaired | – less than 50% | US | Commercial real estate loans and advances including loan commitments | Loans and advances to customers and banks | |||
Disclosure of financial assets [line items] | |||
Financial assets and off-balance sheet loan commitments | $ 303 | ||
ECL coverage | 0.70% | ||
Wholesale Lending Sector | IFRS 9 | Lifetime expected credit losses | Financial instruments not credit-impaired | – 51% to 75% | Commercial real estate loans and advances including loan commitments | Loans and advances to customers and banks | |||
Disclosure of financial assets [line items] | |||
Financial assets and off-balance sheet loan commitments | $ 1,430 | ||
ECL coverage | 0.70% | ||
Wholesale Lending Sector | IFRS 9 | Lifetime expected credit losses | Financial instruments not credit-impaired | – 51% to 75% | UK | Commercial real estate loans and advances including loan commitments | Loans and advances to customers and banks | |||
Disclosure of financial assets [line items] | |||
Financial assets and off-balance sheet loan commitments | $ 330 | ||
ECL coverage | 1.20% | ||
Wholesale Lending Sector | IFRS 9 | Lifetime expected credit losses | Financial instruments not credit-impaired | – 51% to 75% | Hong Kong | Commercial real estate loans and advances including loan commitments | Loans and advances to customers and banks | |||
Disclosure of financial assets [line items] | |||
Financial assets and off-balance sheet loan commitments | $ 505 | ||
ECL coverage | 0.40% | ||
Wholesale Lending Sector | IFRS 9 | Lifetime expected credit losses | Financial instruments not credit-impaired | – 51% to 75% | US | Commercial real estate loans and advances including loan commitments | Loans and advances to customers and banks | |||
Disclosure of financial assets [line items] | |||
Financial assets and off-balance sheet loan commitments | $ 7 | ||
ECL coverage | 0.00% | ||
Wholesale Lending Sector | IFRS 9 | Lifetime expected credit losses | Financial instruments not credit-impaired | – 76% to 90% | Commercial real estate loans and advances including loan commitments | Loans and advances to customers and banks | |||
Disclosure of financial assets [line items] | |||
Financial assets and off-balance sheet loan commitments | $ 363 | ||
ECL coverage | 5.00% | ||
Wholesale Lending Sector | IFRS 9 | Lifetime expected credit losses | Financial instruments not credit-impaired | – 76% to 90% | UK | Commercial real estate loans and advances including loan commitments | Loans and advances to customers and banks | |||
Disclosure of financial assets [line items] | |||
Financial assets and off-balance sheet loan commitments | $ 34 | ||
ECL coverage | 44.10% | ||
Wholesale Lending Sector | IFRS 9 | Lifetime expected credit losses | Financial instruments not credit-impaired | – 76% to 90% | Hong Kong | Commercial real estate loans and advances including loan commitments | Loans and advances to customers and banks | |||
Disclosure of financial assets [line items] | |||
Financial assets and off-balance sheet loan commitments | $ 29 | ||
ECL coverage | 0.00% | ||
Wholesale Lending Sector | IFRS 9 | Lifetime expected credit losses | Financial instruments not credit-impaired | – 76% to 90% | US | Commercial real estate loans and advances including loan commitments | Loans and advances to customers and banks | |||
Disclosure of financial assets [line items] | |||
Financial assets and off-balance sheet loan commitments | $ 129 | ||
ECL coverage | 0.00% | ||
Wholesale Lending Sector | IFRS 9 | Lifetime expected credit losses | Financial instruments not credit-impaired | – 91% to 100% | Commercial real estate loans and advances including loan commitments | Loans and advances to customers and banks | |||
Disclosure of financial assets [line items] | |||
Financial assets and off-balance sheet loan commitments | $ 907 | ||
ECL coverage | 1.00% | ||
Wholesale Lending Sector | IFRS 9 | Lifetime expected credit losses | Financial instruments not credit-impaired | – 91% to 100% | UK | Commercial real estate loans and advances including loan commitments | Loans and advances to customers and banks | |||
Disclosure of financial assets [line items] | |||
Financial assets and off-balance sheet loan commitments | $ 24 | ||
ECL coverage | 8.30% | ||
Wholesale Lending Sector | IFRS 9 | Lifetime expected credit losses | Financial instruments not credit-impaired | – 91% to 100% | Hong Kong | Commercial real estate loans and advances including loan commitments | Loans and advances to customers and banks | |||
Disclosure of financial assets [line items] | |||
Financial assets and off-balance sheet loan commitments | $ 247 | ||
ECL coverage | 0.00% | ||
Wholesale Lending Sector | IFRS 9 | Lifetime expected credit losses | Financial instruments not credit-impaired | – 91% to 100% | US | Commercial real estate loans and advances including loan commitments | Loans and advances to customers and banks | |||
Disclosure of financial assets [line items] | |||
Financial assets and off-balance sheet loan commitments | $ 0 | ||
ECL coverage | 0.00% | ||
Wholesale Lending Sector | IFRS 9 | Lifetime expected credit losses | Financial instruments credit-impaired after purchase or origination | Commercial real estate loans and advances including loan commitments | Loans and advances to customers and banks | |||
Disclosure of financial assets [line items] | |||
Financial assets and off-balance sheet loan commitments | $ 1,418 | ||
Collateral value | $ 321 | ||
ECL coverage | 37.90% | ||
Wholesale Lending Sector | IFRS 9 | Lifetime expected credit losses | Financial instruments credit-impaired after purchase or origination | UK | Commercial real estate loans and advances including loan commitments | Loans and advances to customers and banks | |||
Disclosure of financial assets [line items] | |||
Financial assets and off-balance sheet loan commitments | $ 755 | ||
Collateral value | $ 137 | ||
ECL coverage | 27.00% | ||
Wholesale Lending Sector | IFRS 9 | Lifetime expected credit losses | Financial instruments credit-impaired after purchase or origination | Hong Kong | Commercial real estate loans and advances including loan commitments | Loans and advances to customers and banks | |||
Disclosure of financial assets [line items] | |||
Financial assets and off-balance sheet loan commitments | $ 12 | ||
Collateral value | $ 0 | ||
ECL coverage | 0.00% | ||
Wholesale Lending Sector | IFRS 9 | Lifetime expected credit losses | Financial instruments credit-impaired after purchase or origination | US | Commercial real estate loans and advances including loan commitments | Loans and advances to customers and banks | |||
Disclosure of financial assets [line items] | |||
Financial assets and off-balance sheet loan commitments | $ 0 | ||
Collateral value | $ 0 | ||
ECL coverage | 0.00% | ||
Wholesale Lending Sector | IFRS 9 | Lifetime expected credit losses | Financial instruments credit-impaired after purchase or origination | Not collateralised | Commercial real estate loans and advances including loan commitments | Loans and advances to customers and banks | |||
Disclosure of financial assets [line items] | |||
Financial assets and off-balance sheet loan commitments | $ 338 | ||
ECL coverage | 57.10% | ||
Wholesale Lending Sector | IFRS 9 | Lifetime expected credit losses | Financial instruments credit-impaired after purchase or origination | Not collateralised | UK | Commercial real estate loans and advances including loan commitments | Loans and advances to customers and banks | |||
Disclosure of financial assets [line items] | |||
Financial assets and off-balance sheet loan commitments | $ 61 | ||
ECL coverage | 85.20% | ||
Wholesale Lending Sector | IFRS 9 | Lifetime expected credit losses | Financial instruments credit-impaired after purchase or origination | Not collateralised | Hong Kong | Commercial real estate loans and advances including loan commitments | Loans and advances to customers and banks | |||
Disclosure of financial assets [line items] | |||
Financial assets and off-balance sheet loan commitments | $ 0 | ||
ECL coverage | 0.00% | ||
Wholesale Lending Sector | IFRS 9 | Lifetime expected credit losses | Financial instruments credit-impaired after purchase or origination | Not collateralised | US | Commercial real estate loans and advances including loan commitments | Loans and advances to customers and banks | |||
Disclosure of financial assets [line items] | |||
Financial assets and off-balance sheet loan commitments | $ 0 | ||
ECL coverage | 0.00% | ||
Wholesale Lending Sector | IFRS 9 | Lifetime expected credit losses | Financial instruments credit-impaired after purchase or origination | Fully collateralised | Commercial real estate loans and advances including loan commitments | Loans and advances to customers and banks | |||
Disclosure of financial assets [line items] | |||
Financial assets and off-balance sheet loan commitments | $ 606 | ||
ECL coverage | 12.70% | ||
Wholesale Lending Sector | IFRS 9 | Lifetime expected credit losses | Financial instruments credit-impaired after purchase or origination | Fully collateralised | UK | Commercial real estate loans and advances including loan commitments | Loans and advances to customers and banks | |||
Disclosure of financial assets [line items] | |||
Financial assets and off-balance sheet loan commitments | $ 433 | ||
ECL coverage | 9.20% | ||
Wholesale Lending Sector | IFRS 9 | Lifetime expected credit losses | Financial instruments credit-impaired after purchase or origination | Fully collateralised | Hong Kong | Commercial real estate loans and advances including loan commitments | Loans and advances to customers and banks | |||
Disclosure of financial assets [line items] | |||
Financial assets and off-balance sheet loan commitments | $ 12 | ||
ECL coverage | 0.00% | ||
Wholesale Lending Sector | IFRS 9 | Lifetime expected credit losses | Financial instruments credit-impaired after purchase or origination | Fully collateralised | US | Commercial real estate loans and advances including loan commitments | Loans and advances to customers and banks | |||
Disclosure of financial assets [line items] | |||
Financial assets and off-balance sheet loan commitments | $ 0 | ||
ECL coverage | 0.00% | ||
Wholesale Lending Sector | IFRS 9 | Lifetime expected credit losses | Financial instruments credit-impaired after purchase or origination | Partially collateralised | Commercial real estate loans and advances including loan commitments | Loans and advances to customers and banks | |||
Disclosure of financial assets [line items] | |||
Financial assets and off-balance sheet loan commitments | $ 474 | ||
ECL coverage | 56.50% | ||
Wholesale Lending Sector | IFRS 9 | Lifetime expected credit losses | Financial instruments credit-impaired after purchase or origination | Partially collateralised | UK | Commercial real estate loans and advances including loan commitments | Loans and advances to customers and banks | |||
Disclosure of financial assets [line items] | |||
Financial assets and off-balance sheet loan commitments | $ 261 | ||
ECL coverage | 42.90% | ||
Wholesale Lending Sector | IFRS 9 | Lifetime expected credit losses | Financial instruments credit-impaired after purchase or origination | Partially collateralised | Hong Kong | Commercial real estate loans and advances including loan commitments | Loans and advances to customers and banks | |||
Disclosure of financial assets [line items] | |||
Financial assets and off-balance sheet loan commitments | $ 0 | ||
ECL coverage | 0.00% | ||
Wholesale Lending Sector | IFRS 9 | Lifetime expected credit losses | Financial instruments credit-impaired after purchase or origination | Partially collateralised | US | Commercial real estate loans and advances including loan commitments | Loans and advances to customers and banks | |||
Disclosure of financial assets [line items] | |||
Financial assets and off-balance sheet loan commitments | $ 0 | ||
ECL coverage | 0.00% | ||
Wholesale Lending Sector | IFRS 9 | Lifetime expected credit losses | Financial instruments credit-impaired after purchase or origination | – less than 50% | Commercial real estate loans and advances including loan commitments | Loans and advances to customers and banks | |||
Disclosure of financial assets [line items] | |||
Financial assets and off-balance sheet loan commitments | $ 412 | ||
ECL coverage | 10.00% | ||
Wholesale Lending Sector | IFRS 9 | Lifetime expected credit losses | Financial instruments credit-impaired after purchase or origination | – less than 50% | UK | Commercial real estate loans and advances including loan commitments | Loans and advances to customers and banks | |||
Disclosure of financial assets [line items] | |||
Financial assets and off-balance sheet loan commitments | $ 304 | ||
ECL coverage | 9.20% | ||
Wholesale Lending Sector | IFRS 9 | Lifetime expected credit losses | Financial instruments credit-impaired after purchase or origination | – less than 50% | Hong Kong | Commercial real estate loans and advances including loan commitments | Loans and advances to customers and banks | |||
Disclosure of financial assets [line items] | |||
Financial assets and off-balance sheet loan commitments | $ 2 | ||
ECL coverage | 0.00% | ||
Wholesale Lending Sector | IFRS 9 | Lifetime expected credit losses | Financial instruments credit-impaired after purchase or origination | – less than 50% | US | Commercial real estate loans and advances including loan commitments | Loans and advances to customers and banks | |||
Disclosure of financial assets [line items] | |||
Financial assets and off-balance sheet loan commitments | $ 0 | ||
ECL coverage | 0.00% | ||
Wholesale Lending Sector | IFRS 9 | Lifetime expected credit losses | Financial instruments credit-impaired after purchase or origination | – 51% to 75% | Commercial real estate loans and advances including loan commitments | Loans and advances to customers and banks | |||
Disclosure of financial assets [line items] | |||
Financial assets and off-balance sheet loan commitments | $ 88 | ||
ECL coverage | 27.30% | ||
Wholesale Lending Sector | IFRS 9 | Lifetime expected credit losses | Financial instruments credit-impaired after purchase or origination | – 51% to 75% | UK | Commercial real estate loans and advances including loan commitments | Loans and advances to customers and banks | |||
Disclosure of financial assets [line items] | |||
Financial assets and off-balance sheet loan commitments | $ 58 | ||
ECL coverage | 6.90% | ||
Wholesale Lending Sector | IFRS 9 | Lifetime expected credit losses | Financial instruments credit-impaired after purchase or origination | – 51% to 75% | Hong Kong | Commercial real estate loans and advances including loan commitments | Loans and advances to customers and banks | |||
Disclosure of financial assets [line items] | |||
Financial assets and off-balance sheet loan commitments | $ 10 | ||
ECL coverage | 0.00% | ||
Wholesale Lending Sector | IFRS 9 | Lifetime expected credit losses | Financial instruments credit-impaired after purchase or origination | – 51% to 75% | US | Commercial real estate loans and advances including loan commitments | Loans and advances to customers and banks | |||
Disclosure of financial assets [line items] | |||
Financial assets and off-balance sheet loan commitments | $ 0 | ||
ECL coverage | 0.00% | ||
Wholesale Lending Sector | IFRS 9 | Lifetime expected credit losses | Financial instruments credit-impaired after purchase or origination | – 76% to 90% | Commercial real estate loans and advances including loan commitments | Loans and advances to customers and banks | |||
Disclosure of financial assets [line items] | |||
Financial assets and off-balance sheet loan commitments | $ 38 | ||
ECL coverage | 2.60% | ||
Wholesale Lending Sector | IFRS 9 | Lifetime expected credit losses | Financial instruments credit-impaired after purchase or origination | – 76% to 90% | UK | Commercial real estate loans and advances including loan commitments | Loans and advances to customers and banks | |||
Disclosure of financial assets [line items] | |||
Financial assets and off-balance sheet loan commitments | $ 35 | ||
ECL coverage | 5.70% | ||
Wholesale Lending Sector | IFRS 9 | Lifetime expected credit losses | Financial instruments credit-impaired after purchase or origination | – 76% to 90% | Hong Kong | Commercial real estate loans and advances including loan commitments | Loans and advances to customers and banks | |||
Disclosure of financial assets [line items] | |||
Financial assets and off-balance sheet loan commitments | $ 0 | ||
ECL coverage | 0.00% | ||
Wholesale Lending Sector | IFRS 9 | Lifetime expected credit losses | Financial instruments credit-impaired after purchase or origination | – 76% to 90% | US | Commercial real estate loans and advances including loan commitments | Loans and advances to customers and banks | |||
Disclosure of financial assets [line items] | |||
Financial assets and off-balance sheet loan commitments | $ 0 | ||
ECL coverage | 0.00% | ||
Wholesale Lending Sector | IFRS 9 | Lifetime expected credit losses | Financial instruments credit-impaired after purchase or origination | – 91% to 100% | Commercial real estate loans and advances including loan commitments | Loans and advances to customers and banks | |||
Disclosure of financial assets [line items] | |||
Financial assets and off-balance sheet loan commitments | $ 68 | ||
ECL coverage | 16.20% | ||
Wholesale Lending Sector | IFRS 9 | Lifetime expected credit losses | Financial instruments credit-impaired after purchase or origination | – 91% to 100% | UK | Commercial real estate loans and advances including loan commitments | Loans and advances to customers and banks | |||
Disclosure of financial assets [line items] | |||
Financial assets and off-balance sheet loan commitments | $ 36 | ||
ECL coverage | 16.70% | ||
Wholesale Lending Sector | IFRS 9 | Lifetime expected credit losses | Financial instruments credit-impaired after purchase or origination | – 91% to 100% | Hong Kong | Commercial real estate loans and advances including loan commitments | Loans and advances to customers and banks | |||
Disclosure of financial assets [line items] | |||
Financial assets and off-balance sheet loan commitments | $ 0 | ||
ECL coverage | 0.00% | ||
Wholesale Lending Sector | IFRS 9 | Lifetime expected credit losses | Financial instruments credit-impaired after purchase or origination | – 91% to 100% | US | Commercial real estate loans and advances including loan commitments | Loans and advances to customers and banks | |||
Disclosure of financial assets [line items] | |||
Financial assets and off-balance sheet loan commitments | $ 0 | ||
ECL coverage | 0.00% | ||
Wholesale Lending Sector | IFRS 9 | Lifetime expected credit losses | POCI | Commercial real estate loans and advances including loan commitments | Loans and advances to customers and banks | |||
Disclosure of financial assets [line items] | |||
Financial assets and off-balance sheet loan commitments | $ 15 | ||
Collateral value | $ 0 | ||
ECL coverage | 53.30% | ||
Wholesale Lending Sector | IFRS 9 | Lifetime expected credit losses | POCI | UK | Commercial real estate loans and advances including loan commitments | Loans and advances to customers and banks | |||
Disclosure of financial assets [line items] | |||
Financial assets and off-balance sheet loan commitments | $ 0 | ||
Collateral value | $ 0 | ||
ECL coverage | 0.00% | ||
Wholesale Lending Sector | IFRS 9 | Lifetime expected credit losses | POCI | Hong Kong | Commercial real estate loans and advances including loan commitments | Loans and advances to customers and banks | |||
Disclosure of financial assets [line items] | |||
Financial assets and off-balance sheet loan commitments | $ 0 | ||
Collateral value | $ 0 | ||
ECL coverage | 0.00% | ||
Wholesale Lending Sector | IFRS 9 | Lifetime expected credit losses | POCI | US | Commercial real estate loans and advances including loan commitments | Loans and advances to customers and banks | |||
Disclosure of financial assets [line items] | |||
Financial assets and off-balance sheet loan commitments | $ 0 | ||
Collateral value | $ 0 | ||
ECL coverage | 0.00% | ||
Wholesale Lending Sector | IFRS 9 | Lifetime expected credit losses | POCI | Not collateralised | Commercial real estate loans and advances including loan commitments | Loans and advances to customers and banks | |||
Disclosure of financial assets [line items] | |||
Financial assets and off-balance sheet loan commitments | $ 0 | ||
ECL coverage | 0.00% | ||
Wholesale Lending Sector | IFRS 9 | Lifetime expected credit losses | POCI | Not collateralised | UK | Commercial real estate loans and advances including loan commitments | Loans and advances to customers and banks | |||
Disclosure of financial assets [line items] | |||
Financial assets and off-balance sheet loan commitments | $ 0 | ||
ECL coverage | 0.00% | ||
Wholesale Lending Sector | IFRS 9 | Lifetime expected credit losses | POCI | Not collateralised | Hong Kong | Commercial real estate loans and advances including loan commitments | Loans and advances to customers and banks | |||
Disclosure of financial assets [line items] | |||
Financial assets and off-balance sheet loan commitments | $ 0 | ||
ECL coverage | 0.00% | ||
Wholesale Lending Sector | IFRS 9 | Lifetime expected credit losses | POCI | Not collateralised | US | Commercial real estate loans and advances including loan commitments | Loans and advances to customers and banks | |||
Disclosure of financial assets [line items] | |||
Financial assets and off-balance sheet loan commitments | $ 0 | ||
ECL coverage | 0.00% | ||
Wholesale Lending Sector | IFRS 9 | Lifetime expected credit losses | POCI | Fully collateralised | Commercial real estate loans and advances including loan commitments | Loans and advances to customers and banks | |||
Disclosure of financial assets [line items] | |||
Financial assets and off-balance sheet loan commitments | $ 15 | ||
ECL coverage | 53.30% | ||
Wholesale Lending Sector | IFRS 9 | Lifetime expected credit losses | POCI | Fully collateralised | UK | Commercial real estate loans and advances including loan commitments | Loans and advances to customers and banks | |||
Disclosure of financial assets [line items] | |||
Financial assets and off-balance sheet loan commitments | $ 0 | ||
ECL coverage | 0.00% | ||
Wholesale Lending Sector | IFRS 9 | Lifetime expected credit losses | POCI | Fully collateralised | Hong Kong | Commercial real estate loans and advances including loan commitments | Loans and advances to customers and banks | |||
Disclosure of financial assets [line items] | |||
Financial assets and off-balance sheet loan commitments | $ 0 | ||
ECL coverage | 0.00% | ||
Wholesale Lending Sector | IFRS 9 | Lifetime expected credit losses | POCI | Fully collateralised | US | Commercial real estate loans and advances including loan commitments | Loans and advances to customers and banks | |||
Disclosure of financial assets [line items] | |||
Financial assets and off-balance sheet loan commitments | $ 0 | ||
ECL coverage | 0.00% | ||
Wholesale Lending Sector | IFRS 9 | Lifetime expected credit losses | POCI | Partially collateralised | Commercial real estate loans and advances including loan commitments | Loans and advances to customers and banks | |||
Disclosure of financial assets [line items] | |||
Financial assets and off-balance sheet loan commitments | $ 0 | ||
ECL coverage | 0.00% | ||
Wholesale Lending Sector | IFRS 9 | Lifetime expected credit losses | POCI | Partially collateralised | UK | Commercial real estate loans and advances including loan commitments | Loans and advances to customers and banks | |||
Disclosure of financial assets [line items] | |||
Financial assets and off-balance sheet loan commitments | $ 0 | ||
ECL coverage | 0.00% | ||
Wholesale Lending Sector | IFRS 9 | Lifetime expected credit losses | POCI | Partially collateralised | Hong Kong | Commercial real estate loans and advances including loan commitments | Loans and advances to customers and banks | |||
Disclosure of financial assets [line items] | |||
Financial assets and off-balance sheet loan commitments | $ 0 | ||
ECL coverage | 0.00% | ||
Wholesale Lending Sector | IFRS 9 | Lifetime expected credit losses | POCI | Partially collateralised | US | Commercial real estate loans and advances including loan commitments | Loans and advances to customers and banks | |||
Disclosure of financial assets [line items] | |||
Financial assets and off-balance sheet loan commitments | $ 0 | ||
ECL coverage | 0.00% | ||
Wholesale Lending Sector | IFRS 9 | Lifetime expected credit losses | POCI | – less than 50% | Commercial real estate loans and advances including loan commitments | Loans and advances to customers and banks | |||
Disclosure of financial assets [line items] | |||
Financial assets and off-balance sheet loan commitments | $ 13 | ||
ECL coverage | 61.50% | ||
Wholesale Lending Sector | IFRS 9 | Lifetime expected credit losses | POCI | – less than 50% | UK | Commercial real estate loans and advances including loan commitments | Loans and advances to customers and banks | |||
Disclosure of financial assets [line items] | |||
Financial assets and off-balance sheet loan commitments | $ 0 | ||
ECL coverage | 0.00% | ||
Wholesale Lending Sector | IFRS 9 | Lifetime expected credit losses | POCI | – less than 50% | Hong Kong | Commercial real estate loans and advances including loan commitments | Loans and advances to customers and banks | |||
Disclosure of financial assets [line items] | |||
Financial assets and off-balance sheet loan commitments | $ 0 | ||
ECL coverage | 0.00% | ||
Wholesale Lending Sector | IFRS 9 | Lifetime expected credit losses | POCI | – less than 50% | US | Commercial real estate loans and advances including loan commitments | Loans and advances to customers and banks | |||
Disclosure of financial assets [line items] | |||
Financial assets and off-balance sheet loan commitments | $ 0 | ||
ECL coverage | 0.00% | ||
Wholesale Lending Sector | IFRS 9 | Lifetime expected credit losses | POCI | – 51% to 75% | Commercial real estate loans and advances including loan commitments | Loans and advances to customers and banks | |||
Disclosure of financial assets [line items] | |||
Financial assets and off-balance sheet loan commitments | $ 2 | ||
ECL coverage | 0.00% | ||
Wholesale Lending Sector | IFRS 9 | Lifetime expected credit losses | POCI | – 51% to 75% | UK | Commercial real estate loans and advances including loan commitments | Loans and advances to customers and banks | |||
Disclosure of financial assets [line items] | |||
Financial assets and off-balance sheet loan commitments | $ 0 | ||
ECL coverage | 0.00% | ||
Wholesale Lending Sector | IFRS 9 | Lifetime expected credit losses | POCI | – 51% to 75% | Hong Kong | Commercial real estate loans and advances including loan commitments | Loans and advances to customers and banks | |||
Disclosure of financial assets [line items] | |||
Financial assets and off-balance sheet loan commitments | $ 0 | ||
ECL coverage | 0.00% | ||
Wholesale Lending Sector | IFRS 9 | Lifetime expected credit losses | POCI | – 51% to 75% | US | Commercial real estate loans and advances including loan commitments | Loans and advances to customers and banks | |||
Disclosure of financial assets [line items] | |||
Financial assets and off-balance sheet loan commitments | $ 0 | ||
ECL coverage | 0.00% | ||
Wholesale Lending Sector | IFRS 9 | Lifetime expected credit losses | POCI | – 76% to 90% | Commercial real estate loans and advances including loan commitments | Loans and advances to customers and banks | |||
Disclosure of financial assets [line items] | |||
Financial assets and off-balance sheet loan commitments | $ 0 | ||
ECL coverage | 0.00% | ||
Wholesale Lending Sector | IFRS 9 | Lifetime expected credit losses | POCI | – 76% to 90% | UK | Commercial real estate loans and advances including loan commitments | Loans and advances to customers and banks | |||
Disclosure of financial assets [line items] | |||
Financial assets and off-balance sheet loan commitments | $ 0 | ||
ECL coverage | 0.00% | ||
Wholesale Lending Sector | IFRS 9 | Lifetime expected credit losses | POCI | – 76% to 90% | Hong Kong | Commercial real estate loans and advances including loan commitments | Loans and advances to customers and banks | |||
Disclosure of financial assets [line items] | |||
Financial assets and off-balance sheet loan commitments | $ 0 | ||
ECL coverage | 0.00% | ||
Wholesale Lending Sector | IFRS 9 | Lifetime expected credit losses | POCI | – 76% to 90% | US | Commercial real estate loans and advances including loan commitments | Loans and advances to customers and banks | |||
Disclosure of financial assets [line items] | |||
Financial assets and off-balance sheet loan commitments | $ 0 | ||
ECL coverage | 0.00% | ||
Wholesale Lending Sector | IFRS 9 | Lifetime expected credit losses | POCI | – 91% to 100% | Commercial real estate loans and advances including loan commitments | Loans and advances to customers and banks | |||
Disclosure of financial assets [line items] | |||
Financial assets and off-balance sheet loan commitments | $ 0 | ||
ECL coverage | 0.00% | ||
Wholesale Lending Sector | IFRS 9 | Lifetime expected credit losses | POCI | – 91% to 100% | UK | Commercial real estate loans and advances including loan commitments | Loans and advances to customers and banks | |||
Disclosure of financial assets [line items] | |||
Financial assets and off-balance sheet loan commitments | $ 0 | ||
ECL coverage | 0.00% | ||
Wholesale Lending Sector | IFRS 9 | Lifetime expected credit losses | POCI | – 91% to 100% | Hong Kong | Commercial real estate loans and advances including loan commitments | Loans and advances to customers and banks | |||
Disclosure of financial assets [line items] | |||
Financial assets and off-balance sheet loan commitments | $ 0 | ||
ECL coverage | 0.00% | ||
Wholesale Lending Sector | IFRS 9 | Lifetime expected credit losses | POCI | – 91% to 100% | US | Commercial real estate loans and advances including loan commitments | Loans and advances to customers and banks | |||
Disclosure of financial assets [line items] | |||
Financial assets and off-balance sheet loan commitments | $ 0 | ||
ECL coverage | 0.00% |
Report Of The Directors Fina_14
Report Of The Directors Financial Review Risk Report - Wholesale lending: commercial real estate loans and advances including loan commitments by level of collateral for key countries/territories (Details) - Commercial real estate loans and advances including loan commitments - Loans and advances to customers and banks - USD ($) $ in Millions | Dec. 31, 2018 | Dec. 31, 2017 |
Disclosure of financial assets [line items] | ||
Financial assets and off-balance sheet loan commitments | $ 127,271 | |
UK | ||
Disclosure of financial assets [line items] | ||
Financial assets and off-balance sheet loan commitments | 27,819 | |
Hong Kong | ||
Disclosure of financial assets [line items] | ||
Financial assets and off-balance sheet loan commitments | 64,437 | |
US | ||
Disclosure of financial assets [line items] | ||
Financial assets and off-balance sheet loan commitments | $ 4,797 | |
Wholesale Lending Sector | ||
Disclosure of financial assets [line items] | ||
Financial assets and off-balance sheet loan commitments | $ 164,464 | |
ECL coverage | 0.50% | |
Wholesale Lending Sector | Rated CRR/PD1 to 7 | ||
Disclosure of financial assets [line items] | ||
Financial assets and off-balance sheet loan commitments | $ 162,492 | |
Collateral value | $ 3,879 | |
ECL coverage | 0.10% | |
Wholesale Lending Sector | Rated CRR/PD 8 | ||
Disclosure of financial assets [line items] | ||
Financial assets and off-balance sheet loan commitments | $ 539 | |
Collateral value | $ 12 | |
ECL coverage | 1.70% | |
Wholesale Lending Sector | Rated CRR/PD9 to 10 | ||
Disclosure of financial assets [line items] | ||
Financial assets and off-balance sheet loan commitments | $ 1,433 | |
Collateral value | $ 321 | |
ECL coverage | 38.00% | |
Wholesale Lending Sector | UK | ||
Disclosure of financial assets [line items] | ||
Financial assets and off-balance sheet loan commitments | $ 30,845 | |
ECL coverage | 0.90% | |
Wholesale Lending Sector | UK | Rated CRR/PD1 to 7 | ||
Disclosure of financial assets [line items] | ||
Financial assets and off-balance sheet loan commitments | $ 29,645 | |
Collateral value | $ 299 | |
ECL coverage | 0.30% | |
Wholesale Lending Sector | UK | Rated CRR/PD 8 | ||
Disclosure of financial assets [line items] | ||
Financial assets and off-balance sheet loan commitments | $ 445 | |
Collateral value | $ 6 | |
ECL coverage | 1.30% | |
Wholesale Lending Sector | UK | Rated CRR/PD9 to 10 | ||
Disclosure of financial assets [line items] | ||
Financial assets and off-balance sheet loan commitments | $ 755 | |
Collateral value | $ 137 | |
ECL coverage | 27.00% | |
Wholesale Lending Sector | Hong Kong | ||
Disclosure of financial assets [line items] | ||
Financial assets and off-balance sheet loan commitments | $ 75,271 | |
ECL coverage | 0.00% | |
Wholesale Lending Sector | Hong Kong | Rated CRR/PD1 to 7 | ||
Disclosure of financial assets [line items] | ||
Financial assets and off-balance sheet loan commitments | $ 75,256 | |
Collateral value | $ 1,406 | |
ECL coverage | 0.00% | |
Wholesale Lending Sector | Hong Kong | Rated CRR/PD 8 | ||
Disclosure of financial assets [line items] | ||
Financial assets and off-balance sheet loan commitments | $ 3 | |
Collateral value | $ 0 | |
ECL coverage | 33.30% | |
Wholesale Lending Sector | Hong Kong | Rated CRR/PD9 to 10 | ||
Disclosure of financial assets [line items] | ||
Financial assets and off-balance sheet loan commitments | $ 12 | |
Collateral value | $ 0 | |
ECL coverage | 0.00% | |
Wholesale Lending Sector | US | ||
Disclosure of financial assets [line items] | ||
Financial assets and off-balance sheet loan commitments | $ 5,301 | |
ECL coverage | 0.10% | |
Wholesale Lending Sector | US | Rated CRR/PD1 to 7 | ||
Disclosure of financial assets [line items] | ||
Financial assets and off-balance sheet loan commitments | $ 5,282 | |
Collateral value | $ 0 | |
ECL coverage | 0.10% | |
Wholesale Lending Sector | US | Rated CRR/PD 8 | ||
Disclosure of financial assets [line items] | ||
Financial assets and off-balance sheet loan commitments | $ 19 | |
Collateral value | $ 0 | |
ECL coverage | 0.00% | |
Wholesale Lending Sector | US | Rated CRR/PD9 to 10 | ||
Disclosure of financial assets [line items] | ||
Financial assets and off-balance sheet loan commitments | $ 0 | |
Collateral value | $ 0 | |
ECL coverage | 0.00% | |
Wholesale Lending Sector | Not collateralised | Rated CRR/PD1 to 7 | ||
Disclosure of financial assets [line items] | ||
Financial assets and off-balance sheet loan commitments | $ 64,324 | |
ECL coverage | 0.10% | |
Wholesale Lending Sector | Not collateralised | Rated CRR/PD 8 | ||
Disclosure of financial assets [line items] | ||
Financial assets and off-balance sheet loan commitments | $ 49 | |
ECL coverage | 2.00% | |
Wholesale Lending Sector | Not collateralised | Rated CRR/PD9 to 10 | ||
Disclosure of financial assets [line items] | ||
Financial assets and off-balance sheet loan commitments | $ 338 | |
ECL coverage | 57.10% | |
Wholesale Lending Sector | Not collateralised | UK | Rated CRR/PD1 to 7 | ||
Disclosure of financial assets [line items] | ||
Financial assets and off-balance sheet loan commitments | $ 11,001 | |
ECL coverage | 0.20% | |
Wholesale Lending Sector | Not collateralised | UK | Rated CRR/PD 8 | ||
Disclosure of financial assets [line items] | ||
Financial assets and off-balance sheet loan commitments | $ 2 | |
ECL coverage | 0.00% | |
Wholesale Lending Sector | Not collateralised | UK | Rated CRR/PD9 to 10 | ||
Disclosure of financial assets [line items] | ||
Financial assets and off-balance sheet loan commitments | $ 61 | |
ECL coverage | 85.20% | |
Wholesale Lending Sector | Not collateralised | Hong Kong | Rated CRR/PD1 to 7 | ||
Disclosure of financial assets [line items] | ||
Financial assets and off-balance sheet loan commitments | $ 32,364 | |
ECL coverage | 0.00% | |
Wholesale Lending Sector | Not collateralised | Hong Kong | Rated CRR/PD 8 | ||
Disclosure of financial assets [line items] | ||
Financial assets and off-balance sheet loan commitments | $ 0 | |
ECL coverage | 0.00% | |
Wholesale Lending Sector | Not collateralised | Hong Kong | Rated CRR/PD9 to 10 | ||
Disclosure of financial assets [line items] | ||
Financial assets and off-balance sheet loan commitments | $ 0 | |
ECL coverage | 0.00% | |
Wholesale Lending Sector | Not collateralised | US | Rated CRR/PD1 to 7 | ||
Disclosure of financial assets [line items] | ||
Financial assets and off-balance sheet loan commitments | $ 0 | |
ECL coverage | 0.00% | |
Wholesale Lending Sector | Not collateralised | US | Rated CRR/PD 8 | ||
Disclosure of financial assets [line items] | ||
Financial assets and off-balance sheet loan commitments | $ 0 | |
ECL coverage | 0.00% | |
Wholesale Lending Sector | Not collateralised | US | Rated CRR/PD9 to 10 | ||
Disclosure of financial assets [line items] | ||
Financial assets and off-balance sheet loan commitments | $ 0 | |
ECL coverage | 0.00% | |
Wholesale Lending Sector | Fully collateralised | Rated CRR/PD1 to 7 | ||
Disclosure of financial assets [line items] | ||
Financial assets and off-balance sheet loan commitments | $ 91,791 | |
ECL coverage | 0.10% | |
Wholesale Lending Sector | Fully collateralised | Rated CRR/PD 8 | ||
Disclosure of financial assets [line items] | ||
Financial assets and off-balance sheet loan commitments | $ 477 | |
ECL coverage | 1.50% | |
Wholesale Lending Sector | Fully collateralised | Rated CRR/PD9 to 10 | ||
Disclosure of financial assets [line items] | ||
Financial assets and off-balance sheet loan commitments | $ 621 | |
ECL coverage | 13.50% | |
Wholesale Lending Sector | Fully collateralised | UK | Rated CRR/PD1 to 7 | ||
Disclosure of financial assets [line items] | ||
Financial assets and off-balance sheet loan commitments | $ 18,112 | |
ECL coverage | 0.20% | |
Wholesale Lending Sector | Fully collateralised | UK | Rated CRR/PD 8 | ||
Disclosure of financial assets [line items] | ||
Financial assets and off-balance sheet loan commitments | $ 435 | |
ECL coverage | 1.10% | |
Wholesale Lending Sector | Fully collateralised | UK | Rated CRR/PD9 to 10 | ||
Disclosure of financial assets [line items] | ||
Financial assets and off-balance sheet loan commitments | $ 433 | |
ECL coverage | 9.20% | |
Wholesale Lending Sector | Fully collateralised | Hong Kong | Rated CRR/PD1 to 7 | ||
Disclosure of financial assets [line items] | ||
Financial assets and off-balance sheet loan commitments | $ 40,747 | |
ECL coverage | 0.10% | |
Wholesale Lending Sector | Fully collateralised | Hong Kong | Rated CRR/PD 8 | ||
Disclosure of financial assets [line items] | ||
Financial assets and off-balance sheet loan commitments | $ 3 | |
ECL coverage | 33.30% | |
Wholesale Lending Sector | Fully collateralised | Hong Kong | Rated CRR/PD9 to 10 | ||
Disclosure of financial assets [line items] | ||
Financial assets and off-balance sheet loan commitments | $ 12 | |
ECL coverage | 0.00% | |
Wholesale Lending Sector | Fully collateralised | US | Rated CRR/PD1 to 7 | ||
Disclosure of financial assets [line items] | ||
Financial assets and off-balance sheet loan commitments | $ 5,282 | |
ECL coverage | 0.10% | |
Wholesale Lending Sector | Fully collateralised | US | Rated CRR/PD 8 | ||
Disclosure of financial assets [line items] | ||
Financial assets and off-balance sheet loan commitments | $ 19 | |
ECL coverage | 0.00% | |
Wholesale Lending Sector | Fully collateralised | US | Rated CRR/PD9 to 10 | ||
Disclosure of financial assets [line items] | ||
Financial assets and off-balance sheet loan commitments | $ 0 | |
ECL coverage | 0.00% | |
Wholesale Lending Sector | Partially collateralised | Rated CRR/PD1 to 7 | ||
Disclosure of financial assets [line items] | ||
Financial assets and off-balance sheet loan commitments | $ 6,377 | |
ECL coverage | 0.20% | |
Wholesale Lending Sector | Partially collateralised | Rated CRR/PD 8 | ||
Disclosure of financial assets [line items] | ||
Financial assets and off-balance sheet loan commitments | $ 13 | |
ECL coverage | 7.70% | |
Wholesale Lending Sector | Partially collateralised | Rated CRR/PD9 to 10 | ||
Disclosure of financial assets [line items] | ||
Financial assets and off-balance sheet loan commitments | $ 474 | |
ECL coverage | 56.50% | |
Wholesale Lending Sector | Partially collateralised | UK | Rated CRR/PD1 to 7 | ||
Disclosure of financial assets [line items] | ||
Financial assets and off-balance sheet loan commitments | $ 532 | |
ECL coverage | 0.60% | |
Wholesale Lending Sector | Partially collateralised | UK | Rated CRR/PD 8 | ||
Disclosure of financial assets [line items] | ||
Financial assets and off-balance sheet loan commitments | $ 8 | |
ECL coverage | 12.50% | |
Wholesale Lending Sector | Partially collateralised | UK | Rated CRR/PD9 to 10 | ||
Disclosure of financial assets [line items] | ||
Financial assets and off-balance sheet loan commitments | $ 261 | |
ECL coverage | 42.90% | |
Wholesale Lending Sector | Partially collateralised | Hong Kong | Rated CRR/PD1 to 7 | ||
Disclosure of financial assets [line items] | ||
Financial assets and off-balance sheet loan commitments | $ 2,145 | |
ECL coverage | 0.00% | |
Wholesale Lending Sector | Partially collateralised | Hong Kong | Rated CRR/PD 8 | ||
Disclosure of financial assets [line items] | ||
Financial assets and off-balance sheet loan commitments | $ 0 | |
ECL coverage | 0.00% | |
Wholesale Lending Sector | Partially collateralised | Hong Kong | Rated CRR/PD9 to 10 | ||
Disclosure of financial assets [line items] | ||
Financial assets and off-balance sheet loan commitments | $ 0 | |
ECL coverage | 0.00% | |
Wholesale Lending Sector | Partially collateralised | US | Rated CRR/PD1 to 7 | ||
Disclosure of financial assets [line items] | ||
Financial assets and off-balance sheet loan commitments | $ 0 | |
ECL coverage | 0.00% | |
Wholesale Lending Sector | Partially collateralised | US | Rated CRR/PD 8 | ||
Disclosure of financial assets [line items] | ||
Financial assets and off-balance sheet loan commitments | $ 0 | |
ECL coverage | 0.00% | |
Wholesale Lending Sector | Partially collateralised | US | Rated CRR/PD9 to 10 | ||
Disclosure of financial assets [line items] | ||
Financial assets and off-balance sheet loan commitments | $ 0 | |
ECL coverage | 0.00% | |
Wholesale Lending Sector | – less than 50% | Rated CRR/PD 8 | ||
Disclosure of financial assets [line items] | ||
Financial assets and off-balance sheet loan commitments | $ 178 | |
ECL coverage | 1.70% | |
Wholesale Lending Sector | – less than 50% | Rated CRR/PD9 to 10 | ||
Disclosure of financial assets [line items] | ||
Financial assets and off-balance sheet loan commitments | $ 425 | |
ECL coverage | 11.50% | |
Wholesale Lending Sector | – less than 50% | UK | Rated CRR/PD 8 | ||
Disclosure of financial assets [line items] | ||
Financial assets and off-balance sheet loan commitments | $ 149 | |
ECL coverage | 1.30% | |
Wholesale Lending Sector | – less than 50% | UK | Rated CRR/PD9 to 10 | ||
Disclosure of financial assets [line items] | ||
Financial assets and off-balance sheet loan commitments | $ 304 | |
ECL coverage | 9.20% | |
Wholesale Lending Sector | – less than 50% | Hong Kong | Rated CRR/PD 8 | ||
Disclosure of financial assets [line items] | ||
Financial assets and off-balance sheet loan commitments | $ 3 | |
ECL coverage | 33.30% | |
Wholesale Lending Sector | – less than 50% | Hong Kong | Rated CRR/PD9 to 10 | ||
Disclosure of financial assets [line items] | ||
Financial assets and off-balance sheet loan commitments | $ 2 | |
ECL coverage | 0.00% | |
Wholesale Lending Sector | – less than 50% | US | Rated CRR/PD 8 | ||
Disclosure of financial assets [line items] | ||
Financial assets and off-balance sheet loan commitments | $ 19 | |
ECL coverage | 0.00% | |
Wholesale Lending Sector | – less than 50% | US | Rated CRR/PD9 to 10 | ||
Disclosure of financial assets [line items] | ||
Financial assets and off-balance sheet loan commitments | $ 0 | |
ECL coverage | 0.00% | |
Wholesale Lending Sector | – 51% to 75% | Rated CRR/PD 8 | ||
Disclosure of financial assets [line items] | ||
Financial assets and off-balance sheet loan commitments | $ 269 | |
ECL coverage | 0.40% | |
Wholesale Lending Sector | – 51% to 75% | Rated CRR/PD9 to 10 | ||
Disclosure of financial assets [line items] | ||
Financial assets and off-balance sheet loan commitments | $ 90 | |
ECL coverage | 26.70% | |
Wholesale Lending Sector | – 51% to 75% | UK | Rated CRR/PD 8 | ||
Disclosure of financial assets [line items] | ||
Financial assets and off-balance sheet loan commitments | $ 265 | |
ECL coverage | 0.40% | |
Wholesale Lending Sector | – 51% to 75% | UK | Rated CRR/PD9 to 10 | ||
Disclosure of financial assets [line items] | ||
Financial assets and off-balance sheet loan commitments | $ 58 | |
ECL coverage | 6.90% | |
Wholesale Lending Sector | – 51% to 75% | Hong Kong | Rated CRR/PD 8 | ||
Disclosure of financial assets [line items] | ||
Financial assets and off-balance sheet loan commitments | $ 0 | |
ECL coverage | 0.00% | |
Wholesale Lending Sector | – 51% to 75% | Hong Kong | Rated CRR/PD9 to 10 | ||
Disclosure of financial assets [line items] | ||
Financial assets and off-balance sheet loan commitments | $ 10 | |
ECL coverage | 0.00% | |
Wholesale Lending Sector | – 51% to 75% | US | Rated CRR/PD 8 | ||
Disclosure of financial assets [line items] | ||
Financial assets and off-balance sheet loan commitments | $ 0 | |
ECL coverage | 0.00% | |
Wholesale Lending Sector | – 51% to 75% | US | Rated CRR/PD9 to 10 | ||
Disclosure of financial assets [line items] | ||
Financial assets and off-balance sheet loan commitments | $ 0 | |
ECL coverage | 0.00% | |
Wholesale Lending Sector | – 76% to 90% | Rated CRR/PD 8 | ||
Disclosure of financial assets [line items] | ||
Financial assets and off-balance sheet loan commitments | $ 13 | |
ECL coverage | 7.70% | |
Wholesale Lending Sector | – 76% to 90% | Rated CRR/PD9 to 10 | ||
Disclosure of financial assets [line items] | ||
Financial assets and off-balance sheet loan commitments | $ 38 | |
ECL coverage | 2.60% | |
Wholesale Lending Sector | – 76% to 90% | UK | Rated CRR/PD 8 | ||
Disclosure of financial assets [line items] | ||
Financial assets and off-balance sheet loan commitments | $ 7 | |
ECL coverage | 14.30% | |
Wholesale Lending Sector | – 76% to 90% | UK | Rated CRR/PD9 to 10 | ||
Disclosure of financial assets [line items] | ||
Financial assets and off-balance sheet loan commitments | $ 35 | |
ECL coverage | 5.70% | |
Wholesale Lending Sector | – 76% to 90% | Hong Kong | Rated CRR/PD 8 | ||
Disclosure of financial assets [line items] | ||
Financial assets and off-balance sheet loan commitments | $ 0 | |
ECL coverage | 0.00% | |
Wholesale Lending Sector | – 76% to 90% | Hong Kong | Rated CRR/PD9 to 10 | ||
Disclosure of financial assets [line items] | ||
Financial assets and off-balance sheet loan commitments | $ 0 | |
ECL coverage | 0.00% | |
Wholesale Lending Sector | – 76% to 90% | US | Rated CRR/PD 8 | ||
Disclosure of financial assets [line items] | ||
Financial assets and off-balance sheet loan commitments | $ 0 | |
ECL coverage | 0.00% | |
Wholesale Lending Sector | – 76% to 90% | US | Rated CRR/PD9 to 10 | ||
Disclosure of financial assets [line items] | ||
Financial assets and off-balance sheet loan commitments | $ 0 | |
ECL coverage | 0.00% | |
Wholesale Lending Sector | – 91% to 100% | Rated CRR/PD 8 | ||
Disclosure of financial assets [line items] | ||
Financial assets and off-balance sheet loan commitments | $ 17 | |
ECL coverage | 11.80% | |
Wholesale Lending Sector | – 91% to 100% | Rated CRR/PD9 to 10 | ||
Disclosure of financial assets [line items] | ||
Financial assets and off-balance sheet loan commitments | $ 68 | |
ECL coverage | 16.20% | |
Wholesale Lending Sector | – 91% to 100% | UK | Rated CRR/PD 8 | ||
Disclosure of financial assets [line items] | ||
Financial assets and off-balance sheet loan commitments | $ 14 | |
ECL coverage | 14.30% | |
Wholesale Lending Sector | – 91% to 100% | UK | Rated CRR/PD9 to 10 | ||
Disclosure of financial assets [line items] | ||
Financial assets and off-balance sheet loan commitments | $ 36 | |
ECL coverage | 16.70% | |
Wholesale Lending Sector | – 91% to 100% | Hong Kong | Rated CRR/PD 8 | ||
Disclosure of financial assets [line items] | ||
Financial assets and off-balance sheet loan commitments | $ 0 | |
ECL coverage | 0.00% | |
Wholesale Lending Sector | – 91% to 100% | Hong Kong | Rated CRR/PD9 to 10 | ||
Disclosure of financial assets [line items] | ||
Financial assets and off-balance sheet loan commitments | $ 0 | |
ECL coverage | 0.00% | |
Wholesale Lending Sector | – 91% to 100% | US | Rated CRR/PD 8 | ||
Disclosure of financial assets [line items] | ||
Financial assets and off-balance sheet loan commitments | $ 0 | |
ECL coverage | 0.00% | |
Wholesale Lending Sector | – 91% to 100% | US | Rated CRR/PD9 to 10 | ||
Disclosure of financial assets [line items] | ||
Financial assets and off-balance sheet loan commitments | $ 0 | |
ECL coverage | 0.00% |
Report Of The Directors Fina_15
Report Of The Directors Financial Review Risk Report - Wholesale lending: other corporate, commercial and financial (non-bank) loans and advances including loan commitments by level of collateral for key countries (by stage) (Details) - USD ($) $ in Millions | Dec. 31, 2018 | Jan. 01, 2018 | Dec. 31, 2017 |
Loans and advances to customers and banks | Other corporate, commerical, and non-bank financial institutions loans and advances including loan commitments | |||
Disclosure of financial assets [line items] | |||
Financial assets and off-balance sheet loan commitments | $ 12,825 | ||
Loans and advances to customers and banks | UK | Other corporate, commerical, and non-bank financial institutions loans and advances including loan commitments | |||
Disclosure of financial assets [line items] | |||
Financial assets and off-balance sheet loan commitments | 3,644 | ||
Loans and advances to customers and banks | Hong Kong | Other corporate, commerical, and non-bank financial institutions loans and advances including loan commitments | |||
Disclosure of financial assets [line items] | |||
Financial assets and off-balance sheet loan commitments | 931 | ||
Loans and advances to customers and banks | US | Other corporate, commerical, and non-bank financial institutions loans and advances including loan commitments | |||
Disclosure of financial assets [line items] | |||
Financial assets and off-balance sheet loan commitments | $ 2,543 | ||
IFRS 9 | |||
Disclosure of financial assets [line items] | |||
Financial assets and off-balance sheet loan commitments | $ 2,251,833 | $ 2,160,680 | |
Wholesale Lending Sector | Loans and advances to customers and banks | Other corporate, commerical, and non-bank financial institutions loans and advances including loan commitments | |||
Disclosure of financial assets [line items] | |||
Financial assets and off-balance sheet loan commitments | $ 11,242 | ||
ECL coverage | 33.70% | ||
Wholesale Lending Sector | Loans and advances to customers and banks | UK | Other corporate, commerical, and non-bank financial institutions loans and advances including loan commitments | |||
Disclosure of financial assets [line items] | |||
Financial assets and off-balance sheet loan commitments | $ 3,137 | ||
ECL coverage | 27.40% | ||
Wholesale Lending Sector | Loans and advances to customers and banks | Hong Kong | Other corporate, commerical, and non-bank financial institutions loans and advances including loan commitments | |||
Disclosure of financial assets [line items] | |||
Financial assets and off-balance sheet loan commitments | $ 1,109 | ||
ECL coverage | 41.30% | ||
Wholesale Lending Sector | Loans and advances to customers and banks | US | Other corporate, commerical, and non-bank financial institutions loans and advances including loan commitments | |||
Disclosure of financial assets [line items] | |||
Financial assets and off-balance sheet loan commitments | $ 2,011 | ||
ECL coverage | 4.20% | ||
Wholesale Lending Sector | IFRS 9 | Loans and advances to customers and banks | Other corporate, commerical, and non-bank financial institutions loans and advances including loan commitments | |||
Disclosure of financial assets [line items] | |||
Financial assets and off-balance sheet loan commitments | $ 912,414 | ||
ECL coverage | 0.60% | ||
Wholesale Lending Sector | IFRS 9 | Loans and advances to customers and banks | UK | Other corporate, commerical, and non-bank financial institutions loans and advances including loan commitments | |||
Disclosure of financial assets [line items] | |||
Financial assets and off-balance sheet loan commitments | $ 206,595 | ||
ECL coverage | 0.80% | ||
Wholesale Lending Sector | IFRS 9 | Loans and advances to customers and banks | Hong Kong | Other corporate, commerical, and non-bank financial institutions loans and advances including loan commitments | |||
Disclosure of financial assets [line items] | |||
Financial assets and off-balance sheet loan commitments | $ 193,659 | ||
ECL coverage | 0.30% | ||
Wholesale Lending Sector | IFRS 9 | Loans and advances to customers and banks | US | Other corporate, commerical, and non-bank financial institutions loans and advances including loan commitments | |||
Disclosure of financial assets [line items] | |||
Financial assets and off-balance sheet loan commitments | $ 136,436 | ||
ECL coverage | 0.10% | ||
Wholesale Lending Sector | Financial instruments not credit-impaired | IFRS 9 | 12-month expected credit losses | Loans and advances to customers and banks | Other corporate, commerical, and non-bank financial institutions loans and advances including loan commitments | |||
Disclosure of financial assets [line items] | |||
Financial assets and off-balance sheet loan commitments | $ 832,494 | ||
Collateral value | $ 21,097 | ||
ECL coverage | 0.10% | ||
Wholesale Lending Sector | Financial instruments not credit-impaired | IFRS 9 | 12-month expected credit losses | Loans and advances to customers and banks | UK | Other corporate, commerical, and non-bank financial institutions loans and advances including loan commitments | |||
Disclosure of financial assets [line items] | |||
Financial assets and off-balance sheet loan commitments | $ 183,997 | ||
Collateral value | $ 2,388 | ||
ECL coverage | 0.20% | ||
Wholesale Lending Sector | Financial instruments not credit-impaired | IFRS 9 | 12-month expected credit losses | Loans and advances to customers and banks | Hong Kong | Other corporate, commerical, and non-bank financial institutions loans and advances including loan commitments | |||
Disclosure of financial assets [line items] | |||
Financial assets and off-balance sheet loan commitments | $ 180,931 | ||
Collateral value | $ 10,263 | ||
ECL coverage | 0.00% | ||
Wholesale Lending Sector | Financial instruments not credit-impaired | IFRS 9 | 12-month expected credit losses | Loans and advances to customers and banks | US | Other corporate, commerical, and non-bank financial institutions loans and advances including loan commitments | |||
Disclosure of financial assets [line items] | |||
Financial assets and off-balance sheet loan commitments | $ 124,946 | ||
Collateral value | $ 696 | ||
ECL coverage | 0.00% | ||
Wholesale Lending Sector | Financial instruments not credit-impaired | IFRS 9 | 12-month expected credit losses | Not collateralised | Loans and advances to customers and banks | Other corporate, commerical, and non-bank financial institutions loans and advances including loan commitments | |||
Disclosure of financial assets [line items] | |||
Financial assets and off-balance sheet loan commitments | $ 549,536 | ||
ECL coverage | 0.10% | ||
Wholesale Lending Sector | Financial instruments not credit-impaired | IFRS 9 | 12-month expected credit losses | Not collateralised | Loans and advances to customers and banks | UK | Other corporate, commerical, and non-bank financial institutions loans and advances including loan commitments | |||
Disclosure of financial assets [line items] | |||
Financial assets and off-balance sheet loan commitments | $ 154,059 | ||
ECL coverage | 0.20% | ||
Wholesale Lending Sector | Financial instruments not credit-impaired | IFRS 9 | 12-month expected credit losses | Not collateralised | Loans and advances to customers and banks | Hong Kong | Other corporate, commerical, and non-bank financial institutions loans and advances including loan commitments | |||
Disclosure of financial assets [line items] | |||
Financial assets and off-balance sheet loan commitments | $ 122,259 | ||
ECL coverage | 0.00% | ||
Wholesale Lending Sector | Financial instruments not credit-impaired | IFRS 9 | 12-month expected credit losses | Not collateralised | Loans and advances to customers and banks | US | Other corporate, commerical, and non-bank financial institutions loans and advances including loan commitments | |||
Disclosure of financial assets [line items] | |||
Financial assets and off-balance sheet loan commitments | $ 30,395 | ||
ECL coverage | 0.00% | ||
Wholesale Lending Sector | Financial instruments not credit-impaired | IFRS 9 | 12-month expected credit losses | Fully collateralised | Loans and advances to customers and banks | Other corporate, commerical, and non-bank financial institutions loans and advances including loan commitments | |||
Disclosure of financial assets [line items] | |||
Financial assets and off-balance sheet loan commitments | $ 234,081 | ||
ECL coverage | 0.10% | ||
Wholesale Lending Sector | Financial instruments not credit-impaired | IFRS 9 | 12-month expected credit losses | Fully collateralised | Loans and advances to customers and banks | UK | Other corporate, commerical, and non-bank financial institutions loans and advances including loan commitments | |||
Disclosure of financial assets [line items] | |||
Financial assets and off-balance sheet loan commitments | $ 24,387 | ||
ECL coverage | 0.20% | ||
Wholesale Lending Sector | Financial instruments not credit-impaired | IFRS 9 | 12-month expected credit losses | Fully collateralised | Loans and advances to customers and banks | Hong Kong | Other corporate, commerical, and non-bank financial institutions loans and advances including loan commitments | |||
Disclosure of financial assets [line items] | |||
Financial assets and off-balance sheet loan commitments | $ 36,730 | ||
ECL coverage | 0.10% | ||
Wholesale Lending Sector | Financial instruments not credit-impaired | IFRS 9 | 12-month expected credit losses | Fully collateralised | Loans and advances to customers and banks | US | Other corporate, commerical, and non-bank financial institutions loans and advances including loan commitments | |||
Disclosure of financial assets [line items] | |||
Financial assets and off-balance sheet loan commitments | $ 93,804 | ||
ECL coverage | 0.00% | ||
Wholesale Lending Sector | Financial instruments not credit-impaired | IFRS 9 | 12-month expected credit losses | Partially collateralised | Loans and advances to customers and banks | Other corporate, commerical, and non-bank financial institutions loans and advances including loan commitments | |||
Disclosure of financial assets [line items] | |||
Financial assets and off-balance sheet loan commitments | $ 48,877 | ||
ECL coverage | 0.10% | ||
Wholesale Lending Sector | Financial instruments not credit-impaired | IFRS 9 | 12-month expected credit losses | Partially collateralised | Loans and advances to customers and banks | UK | Other corporate, commerical, and non-bank financial institutions loans and advances including loan commitments | |||
Disclosure of financial assets [line items] | |||
Financial assets and off-balance sheet loan commitments | $ 5,551 | ||
ECL coverage | 0.10% | ||
Wholesale Lending Sector | Financial instruments not credit-impaired | IFRS 9 | 12-month expected credit losses | Partially collateralised | Loans and advances to customers and banks | Hong Kong | Other corporate, commerical, and non-bank financial institutions loans and advances including loan commitments | |||
Disclosure of financial assets [line items] | |||
Financial assets and off-balance sheet loan commitments | $ 21,942 | ||
ECL coverage | 0.00% | ||
Wholesale Lending Sector | Financial instruments not credit-impaired | IFRS 9 | 12-month expected credit losses | Partially collateralised | Loans and advances to customers and banks | US | Other corporate, commerical, and non-bank financial institutions loans and advances including loan commitments | |||
Disclosure of financial assets [line items] | |||
Financial assets and off-balance sheet loan commitments | $ 747 | ||
ECL coverage | 0.00% | ||
Wholesale Lending Sector | Financial instruments not credit-impaired | IFRS 9 | 12-month expected credit losses | – less than 50% | Loans and advances to customers and banks | Other corporate, commerical, and non-bank financial institutions loans and advances including loan commitments | |||
Disclosure of financial assets [line items] | |||
Financial assets and off-balance sheet loan commitments | $ 60,405 | ||
ECL coverage | 0.20% | ||
Wholesale Lending Sector | Financial instruments not credit-impaired | IFRS 9 | 12-month expected credit losses | – less than 50% | Loans and advances to customers and banks | UK | Other corporate, commerical, and non-bank financial institutions loans and advances including loan commitments | |||
Disclosure of financial assets [line items] | |||
Financial assets and off-balance sheet loan commitments | $ 4,461 | ||
ECL coverage | 0.40% | ||
Wholesale Lending Sector | Financial instruments not credit-impaired | IFRS 9 | 12-month expected credit losses | – less than 50% | Loans and advances to customers and banks | Hong Kong | Other corporate, commerical, and non-bank financial institutions loans and advances including loan commitments | |||
Disclosure of financial assets [line items] | |||
Financial assets and off-balance sheet loan commitments | $ 12,032 | ||
ECL coverage | 0.10% | ||
Wholesale Lending Sector | Financial instruments not credit-impaired | IFRS 9 | 12-month expected credit losses | – less than 50% | Loans and advances to customers and banks | US | Other corporate, commerical, and non-bank financial institutions loans and advances including loan commitments | |||
Disclosure of financial assets [line items] | |||
Financial assets and off-balance sheet loan commitments | $ 24,922 | ||
ECL coverage | 0.00% | ||
Wholesale Lending Sector | Financial instruments not credit-impaired | IFRS 9 | 12-month expected credit losses | – 51% to 75% | Loans and advances to customers and banks | Other corporate, commerical, and non-bank financial institutions loans and advances including loan commitments | |||
Disclosure of financial assets [line items] | |||
Financial assets and off-balance sheet loan commitments | $ 82,590 | ||
ECL coverage | 0.00% | ||
Wholesale Lending Sector | Financial instruments not credit-impaired | IFRS 9 | 12-month expected credit losses | – 51% to 75% | Loans and advances to customers and banks | UK | Other corporate, commerical, and non-bank financial institutions loans and advances including loan commitments | |||
Disclosure of financial assets [line items] | |||
Financial assets and off-balance sheet loan commitments | $ 9,510 | ||
ECL coverage | 0.20% | ||
Wholesale Lending Sector | Financial instruments not credit-impaired | IFRS 9 | 12-month expected credit losses | – 51% to 75% | Loans and advances to customers and banks | Hong Kong | Other corporate, commerical, and non-bank financial institutions loans and advances including loan commitments | |||
Disclosure of financial assets [line items] | |||
Financial assets and off-balance sheet loan commitments | $ 14,264 | ||
ECL coverage | 0.10% | ||
Wholesale Lending Sector | Financial instruments not credit-impaired | IFRS 9 | 12-month expected credit losses | – 51% to 75% | Loans and advances to customers and banks | US | Other corporate, commerical, and non-bank financial institutions loans and advances including loan commitments | |||
Disclosure of financial assets [line items] | |||
Financial assets and off-balance sheet loan commitments | $ 7,267 | ||
ECL coverage | 0.00% | ||
Wholesale Lending Sector | Financial instruments not credit-impaired | IFRS 9 | 12-month expected credit losses | – 76% to 90% | Loans and advances to customers and banks | Other corporate, commerical, and non-bank financial institutions loans and advances including loan commitments | |||
Disclosure of financial assets [line items] | |||
Financial assets and off-balance sheet loan commitments | $ 15,853 | ||
ECL coverage | 0.10% | ||
Wholesale Lending Sector | Financial instruments not credit-impaired | IFRS 9 | 12-month expected credit losses | – 76% to 90% | Loans and advances to customers and banks | UK | Other corporate, commerical, and non-bank financial institutions loans and advances including loan commitments | |||
Disclosure of financial assets [line items] | |||
Financial assets and off-balance sheet loan commitments | $ 2,175 | ||
ECL coverage | 0.20% | ||
Wholesale Lending Sector | Financial instruments not credit-impaired | IFRS 9 | 12-month expected credit losses | – 76% to 90% | Loans and advances to customers and banks | Hong Kong | Other corporate, commerical, and non-bank financial institutions loans and advances including loan commitments | |||
Disclosure of financial assets [line items] | |||
Financial assets and off-balance sheet loan commitments | $ 4,567 | ||
ECL coverage | 0.10% | ||
Wholesale Lending Sector | Financial instruments not credit-impaired | IFRS 9 | 12-month expected credit losses | – 76% to 90% | Loans and advances to customers and banks | US | Other corporate, commerical, and non-bank financial institutions loans and advances including loan commitments | |||
Disclosure of financial assets [line items] | |||
Financial assets and off-balance sheet loan commitments | $ 4,723 | ||
ECL coverage | 0.00% | ||
Wholesale Lending Sector | Financial instruments not credit-impaired | IFRS 9 | 12-month expected credit losses | – 91% to 100% | Loans and advances to customers and banks | Other corporate, commerical, and non-bank financial institutions loans and advances including loan commitments | |||
Disclosure of financial assets [line items] | |||
Financial assets and off-balance sheet loan commitments | $ 75,233 | ||
ECL coverage | 0.00% | ||
Wholesale Lending Sector | Financial instruments not credit-impaired | IFRS 9 | 12-month expected credit losses | – 91% to 100% | Loans and advances to customers and banks | UK | Other corporate, commerical, and non-bank financial institutions loans and advances including loan commitments | |||
Disclosure of financial assets [line items] | |||
Financial assets and off-balance sheet loan commitments | $ 8,241 | ||
ECL coverage | 0.00% | ||
Wholesale Lending Sector | Financial instruments not credit-impaired | IFRS 9 | 12-month expected credit losses | – 91% to 100% | Loans and advances to customers and banks | Hong Kong | Other corporate, commerical, and non-bank financial institutions loans and advances including loan commitments | |||
Disclosure of financial assets [line items] | |||
Financial assets and off-balance sheet loan commitments | $ 5,867 | ||
ECL coverage | 0.10% | ||
Wholesale Lending Sector | Financial instruments not credit-impaired | IFRS 9 | 12-month expected credit losses | – 91% to 100% | Loans and advances to customers and banks | US | Other corporate, commerical, and non-bank financial institutions loans and advances including loan commitments | |||
Disclosure of financial assets [line items] | |||
Financial assets and off-balance sheet loan commitments | $ 56,892 | ||
ECL coverage | 0.00% | ||
Wholesale Lending Sector | Financial instruments not credit-impaired | IFRS 9 | Lifetime expected credit losses | Loans and advances to customers and banks | Other corporate, commerical, and non-bank financial institutions loans and advances including loan commitments | |||
Disclosure of financial assets [line items] | |||
Financial assets and off-balance sheet loan commitments | $ 72,023 | ||
Collateral value | $ 2,074 | ||
ECL coverage | 1.20% | ||
Wholesale Lending Sector | Financial instruments not credit-impaired | IFRS 9 | Lifetime expected credit losses | Loans and advances to customers and banks | UK | Other corporate, commerical, and non-bank financial institutions loans and advances including loan commitments | |||
Disclosure of financial assets [line items] | |||
Financial assets and off-balance sheet loan commitments | $ 20,123 | ||
Collateral value | $ 207 | ||
ECL coverage | 2.30% | ||
Wholesale Lending Sector | Financial instruments not credit-impaired | IFRS 9 | Lifetime expected credit losses | Loans and advances to customers and banks | Hong Kong | Other corporate, commerical, and non-bank financial institutions loans and advances including loan commitments | |||
Disclosure of financial assets [line items] | |||
Financial assets and off-balance sheet loan commitments | $ 11,877 | ||
Collateral value | $ 971 | ||
ECL coverage | 0.40% | ||
Wholesale Lending Sector | Financial instruments not credit-impaired | IFRS 9 | Lifetime expected credit losses | Loans and advances to customers and banks | US | Other corporate, commerical, and non-bank financial institutions loans and advances including loan commitments | |||
Disclosure of financial assets [line items] | |||
Financial assets and off-balance sheet loan commitments | $ 11,291 | ||
Collateral value | $ 0 | ||
ECL coverage | 1.10% | ||
Wholesale Lending Sector | Financial instruments not credit-impaired | IFRS 9 | Lifetime expected credit losses | Not collateralised | Loans and advances to customers and banks | Other corporate, commerical, and non-bank financial institutions loans and advances including loan commitments | |||
Disclosure of financial assets [line items] | |||
Financial assets and off-balance sheet loan commitments | $ 42,053 | ||
ECL coverage | 1.40% | ||
Wholesale Lending Sector | Financial instruments not credit-impaired | IFRS 9 | Lifetime expected credit losses | Not collateralised | Loans and advances to customers and banks | UK | Other corporate, commerical, and non-bank financial institutions loans and advances including loan commitments | |||
Disclosure of financial assets [line items] | |||
Financial assets and off-balance sheet loan commitments | $ 12,364 | ||
ECL coverage | 3.10% | ||
Wholesale Lending Sector | Financial instruments not credit-impaired | IFRS 9 | Lifetime expected credit losses | Not collateralised | Loans and advances to customers and banks | Hong Kong | Other corporate, commerical, and non-bank financial institutions loans and advances including loan commitments | |||
Disclosure of financial assets [line items] | |||
Financial assets and off-balance sheet loan commitments | $ 6,212 | ||
ECL coverage | 0.40% | ||
Wholesale Lending Sector | Financial instruments not credit-impaired | IFRS 9 | Lifetime expected credit losses | Not collateralised | Loans and advances to customers and banks | US | Other corporate, commerical, and non-bank financial institutions loans and advances including loan commitments | |||
Disclosure of financial assets [line items] | |||
Financial assets and off-balance sheet loan commitments | $ 1,578 | ||
ECL coverage | 1.30% | ||
Wholesale Lending Sector | Financial instruments not credit-impaired | IFRS 9 | Lifetime expected credit losses | Fully collateralised | Loans and advances to customers and banks | Other corporate, commerical, and non-bank financial institutions loans and advances including loan commitments | |||
Disclosure of financial assets [line items] | |||
Financial assets and off-balance sheet loan commitments | $ 24,977 | ||
ECL coverage | 1.00% | ||
Wholesale Lending Sector | Financial instruments not credit-impaired | IFRS 9 | Lifetime expected credit losses | Fully collateralised | Loans and advances to customers and banks | UK | Other corporate, commerical, and non-bank financial institutions loans and advances including loan commitments | |||
Disclosure of financial assets [line items] | |||
Financial assets and off-balance sheet loan commitments | $ 7,378 | ||
ECL coverage | 1.00% | ||
Wholesale Lending Sector | Financial instruments not credit-impaired | IFRS 9 | Lifetime expected credit losses | Fully collateralised | Loans and advances to customers and banks | Hong Kong | Other corporate, commerical, and non-bank financial institutions loans and advances including loan commitments | |||
Disclosure of financial assets [line items] | |||
Financial assets and off-balance sheet loan commitments | $ 3,378 | ||
ECL coverage | 0.50% | ||
Wholesale Lending Sector | Financial instruments not credit-impaired | IFRS 9 | Lifetime expected credit losses | Fully collateralised | Loans and advances to customers and banks | US | Other corporate, commerical, and non-bank financial institutions loans and advances including loan commitments | |||
Disclosure of financial assets [line items] | |||
Financial assets and off-balance sheet loan commitments | $ 9,713 | ||
ECL coverage | 1.10% | ||
Wholesale Lending Sector | Financial instruments not credit-impaired | IFRS 9 | Lifetime expected credit losses | Partially collateralised | Loans and advances to customers and banks | Other corporate, commerical, and non-bank financial institutions loans and advances including loan commitments | |||
Disclosure of financial assets [line items] | |||
Financial assets and off-balance sheet loan commitments | $ 4,993 | ||
ECL coverage | 0.70% | ||
Wholesale Lending Sector | Financial instruments not credit-impaired | IFRS 9 | Lifetime expected credit losses | Partially collateralised | Loans and advances to customers and banks | UK | Other corporate, commerical, and non-bank financial institutions loans and advances including loan commitments | |||
Disclosure of financial assets [line items] | |||
Financial assets and off-balance sheet loan commitments | $ 381 | ||
ECL coverage | 3.10% | ||
Wholesale Lending Sector | Financial instruments not credit-impaired | IFRS 9 | Lifetime expected credit losses | Partially collateralised | Loans and advances to customers and banks | Hong Kong | Other corporate, commerical, and non-bank financial institutions loans and advances including loan commitments | |||
Disclosure of financial assets [line items] | |||
Financial assets and off-balance sheet loan commitments | $ 2,287 | ||
ECL coverage | 0.30% | ||
Wholesale Lending Sector | Financial instruments not credit-impaired | IFRS 9 | Lifetime expected credit losses | Partially collateralised | Loans and advances to customers and banks | US | Other corporate, commerical, and non-bank financial institutions loans and advances including loan commitments | |||
Disclosure of financial assets [line items] | |||
Financial assets and off-balance sheet loan commitments | $ 0 | ||
ECL coverage | 0.00% | ||
Wholesale Lending Sector | Financial instruments not credit-impaired | IFRS 9 | Lifetime expected credit losses | – less than 50% | Loans and advances to customers and banks | Other corporate, commerical, and non-bank financial institutions loans and advances including loan commitments | |||
Disclosure of financial assets [line items] | |||
Financial assets and off-balance sheet loan commitments | $ 11,915 | ||
ECL coverage | 0.90% | ||
Wholesale Lending Sector | Financial instruments not credit-impaired | IFRS 9 | Lifetime expected credit losses | – less than 50% | Loans and advances to customers and banks | UK | Other corporate, commerical, and non-bank financial institutions loans and advances including loan commitments | |||
Disclosure of financial assets [line items] | |||
Financial assets and off-balance sheet loan commitments | $ 5,410 | ||
ECL coverage | 0.60% | ||
Wholesale Lending Sector | Financial instruments not credit-impaired | IFRS 9 | Lifetime expected credit losses | – less than 50% | Loans and advances to customers and banks | Hong Kong | Other corporate, commerical, and non-bank financial institutions loans and advances including loan commitments | |||
Disclosure of financial assets [line items] | |||
Financial assets and off-balance sheet loan commitments | $ 1,421 | ||
ECL coverage | 0.40% | ||
Wholesale Lending Sector | Financial instruments not credit-impaired | IFRS 9 | Lifetime expected credit losses | – less than 50% | Loans and advances to customers and banks | US | Other corporate, commerical, and non-bank financial institutions loans and advances including loan commitments | |||
Disclosure of financial assets [line items] | |||
Financial assets and off-balance sheet loan commitments | $ 3,711 | ||
ECL coverage | 1.40% | ||
Wholesale Lending Sector | Financial instruments not credit-impaired | IFRS 9 | Lifetime expected credit losses | – 51% to 75% | Loans and advances to customers and banks | Other corporate, commerical, and non-bank financial institutions loans and advances including loan commitments | |||
Disclosure of financial assets [line items] | |||
Financial assets and off-balance sheet loan commitments | $ 5,344 | ||
ECL coverage | 1.30% | ||
Wholesale Lending Sector | Financial instruments not credit-impaired | IFRS 9 | Lifetime expected credit losses | – 51% to 75% | Loans and advances to customers and banks | UK | Other corporate, commerical, and non-bank financial institutions loans and advances including loan commitments | |||
Disclosure of financial assets [line items] | |||
Financial assets and off-balance sheet loan commitments | $ 1,042 | ||
ECL coverage | 3.50% | ||
Wholesale Lending Sector | Financial instruments not credit-impaired | IFRS 9 | Lifetime expected credit losses | – 51% to 75% | Loans and advances to customers and banks | Hong Kong | Other corporate, commerical, and non-bank financial institutions loans and advances including loan commitments | |||
Disclosure of financial assets [line items] | |||
Financial assets and off-balance sheet loan commitments | $ 1,290 | ||
ECL coverage | 0.60% | ||
Wholesale Lending Sector | Financial instruments not credit-impaired | IFRS 9 | Lifetime expected credit losses | – 51% to 75% | Loans and advances to customers and banks | US | Other corporate, commerical, and non-bank financial institutions loans and advances including loan commitments | |||
Disclosure of financial assets [line items] | |||
Financial assets and off-balance sheet loan commitments | $ 810 | ||
ECL coverage | 1.40% | ||
Wholesale Lending Sector | Financial instruments not credit-impaired | IFRS 9 | Lifetime expected credit losses | – 76% to 90% | Loans and advances to customers and banks | Other corporate, commerical, and non-bank financial institutions loans and advances including loan commitments | |||
Disclosure of financial assets [line items] | |||
Financial assets and off-balance sheet loan commitments | $ 1,642 | ||
ECL coverage | 1.50% | ||
Wholesale Lending Sector | Financial instruments not credit-impaired | IFRS 9 | Lifetime expected credit losses | – 76% to 90% | Loans and advances to customers and banks | UK | Other corporate, commerical, and non-bank financial institutions loans and advances including loan commitments | |||
Disclosure of financial assets [line items] | |||
Financial assets and off-balance sheet loan commitments | $ 140 | ||
ECL coverage | 2.90% | ||
Wholesale Lending Sector | Financial instruments not credit-impaired | IFRS 9 | Lifetime expected credit losses | – 76% to 90% | Loans and advances to customers and banks | Hong Kong | Other corporate, commerical, and non-bank financial institutions loans and advances including loan commitments | |||
Disclosure of financial assets [line items] | |||
Financial assets and off-balance sheet loan commitments | $ 391 | ||
ECL coverage | 0.50% | ||
Wholesale Lending Sector | Financial instruments not credit-impaired | IFRS 9 | Lifetime expected credit losses | – 76% to 90% | Loans and advances to customers and banks | US | Other corporate, commerical, and non-bank financial institutions loans and advances including loan commitments | |||
Disclosure of financial assets [line items] | |||
Financial assets and off-balance sheet loan commitments | $ 691 | ||
ECL coverage | 0.30% | ||
Wholesale Lending Sector | Financial instruments not credit-impaired | IFRS 9 | Lifetime expected credit losses | – 91% to 100% | Loans and advances to customers and banks | Other corporate, commerical, and non-bank financial institutions loans and advances including loan commitments | |||
Disclosure of financial assets [line items] | |||
Financial assets and off-balance sheet loan commitments | $ 6,076 | ||
ECL coverage | 0.80% | ||
Wholesale Lending Sector | Financial instruments not credit-impaired | IFRS 9 | Lifetime expected credit losses | – 91% to 100% | Loans and advances to customers and banks | UK | Other corporate, commerical, and non-bank financial institutions loans and advances including loan commitments | |||
Disclosure of financial assets [line items] | |||
Financial assets and off-balance sheet loan commitments | $ 786 | ||
ECL coverage | 0.10% | ||
Wholesale Lending Sector | Financial instruments not credit-impaired | IFRS 9 | Lifetime expected credit losses | – 91% to 100% | Loans and advances to customers and banks | Hong Kong | Other corporate, commerical, and non-bank financial institutions loans and advances including loan commitments | |||
Disclosure of financial assets [line items] | |||
Financial assets and off-balance sheet loan commitments | $ 276 | ||
ECL coverage | 0.40% | ||
Wholesale Lending Sector | Financial instruments not credit-impaired | IFRS 9 | Lifetime expected credit losses | – 91% to 100% | Loans and advances to customers and banks | US | Other corporate, commerical, and non-bank financial institutions loans and advances including loan commitments | |||
Disclosure of financial assets [line items] | |||
Financial assets and off-balance sheet loan commitments | $ 4,501 | ||
ECL coverage | 0.90% | ||
Wholesale Lending Sector | Financial instruments credit-impaired after purchase or origination | IFRS 9 | Lifetime expected credit losses | Loans and advances to customers and banks | Other corporate, commerical, and non-bank financial institutions loans and advances including loan commitments | |||
Disclosure of financial assets [line items] | |||
Financial assets and off-balance sheet loan commitments | $ 7,581 | ||
Collateral value | $ 429 | ||
ECL coverage | 45.60% | ||
Wholesale Lending Sector | Financial instruments credit-impaired after purchase or origination | IFRS 9 | Lifetime expected credit losses | Loans and advances to customers and banks | UK | Other corporate, commerical, and non-bank financial institutions loans and advances including loan commitments | |||
Disclosure of financial assets [line items] | |||
Financial assets and off-balance sheet loan commitments | $ 2,467 | ||
Collateral value | $ 113 | ||
ECL coverage | 33.20% | ||
Wholesale Lending Sector | Financial instruments credit-impaired after purchase or origination | IFRS 9 | Lifetime expected credit losses | Loans and advances to customers and banks | Hong Kong | Other corporate, commerical, and non-bank financial institutions loans and advances including loan commitments | |||
Disclosure of financial assets [line items] | |||
Financial assets and off-balance sheet loan commitments | $ 782 | ||
Collateral value | $ 38 | ||
ECL coverage | 52.70% | ||
Wholesale Lending Sector | Financial instruments credit-impaired after purchase or origination | IFRS 9 | Lifetime expected credit losses | Loans and advances to customers and banks | US | Other corporate, commerical, and non-bank financial institutions loans and advances including loan commitments | |||
Disclosure of financial assets [line items] | |||
Financial assets and off-balance sheet loan commitments | $ 199 | ||
Collateral value | $ 2 | ||
ECL coverage | 11.10% | ||
Wholesale Lending Sector | Financial instruments credit-impaired after purchase or origination | IFRS 9 | Lifetime expected credit losses | Not collateralised | Loans and advances to customers and banks | Other corporate, commerical, and non-bank financial institutions loans and advances including loan commitments | |||
Disclosure of financial assets [line items] | |||
Financial assets and off-balance sheet loan commitments | $ 4,990 | ||
ECL coverage | 52.50% | ||
Wholesale Lending Sector | Financial instruments credit-impaired after purchase or origination | IFRS 9 | Lifetime expected credit losses | Not collateralised | Loans and advances to customers and banks | UK | Other corporate, commerical, and non-bank financial institutions loans and advances including loan commitments | |||
Disclosure of financial assets [line items] | |||
Financial assets and off-balance sheet loan commitments | $ 1,775 | ||
ECL coverage | 42.10% | ||
Wholesale Lending Sector | Financial instruments credit-impaired after purchase or origination | IFRS 9 | Lifetime expected credit losses | Not collateralised | Loans and advances to customers and banks | Hong Kong | Other corporate, commerical, and non-bank financial institutions loans and advances including loan commitments | |||
Disclosure of financial assets [line items] | |||
Financial assets and off-balance sheet loan commitments | $ 478 | ||
ECL coverage | 81.20% | ||
Wholesale Lending Sector | Financial instruments credit-impaired after purchase or origination | IFRS 9 | Lifetime expected credit losses | Not collateralised | Loans and advances to customers and banks | US | Other corporate, commerical, and non-bank financial institutions loans and advances including loan commitments | |||
Disclosure of financial assets [line items] | |||
Financial assets and off-balance sheet loan commitments | $ 6 | ||
ECL coverage | 16.70% | ||
Wholesale Lending Sector | Financial instruments credit-impaired after purchase or origination | IFRS 9 | Lifetime expected credit losses | Fully collateralised | Loans and advances to customers and banks | Other corporate, commerical, and non-bank financial institutions loans and advances including loan commitments | |||
Disclosure of financial assets [line items] | |||
Financial assets and off-balance sheet loan commitments | $ 1,660 | ||
ECL coverage | 25.20% | ||
Wholesale Lending Sector | Financial instruments credit-impaired after purchase or origination | IFRS 9 | Lifetime expected credit losses | Fully collateralised | Loans and advances to customers and banks | UK | Other corporate, commerical, and non-bank financial institutions loans and advances including loan commitments | |||
Disclosure of financial assets [line items] | |||
Financial assets and off-balance sheet loan commitments | $ 513 | ||
ECL coverage | 6.20% | ||
Wholesale Lending Sector | Financial instruments credit-impaired after purchase or origination | IFRS 9 | Lifetime expected credit losses | Fully collateralised | Loans and advances to customers and banks | Hong Kong | Other corporate, commerical, and non-bank financial institutions loans and advances including loan commitments | |||
Disclosure of financial assets [line items] | |||
Financial assets and off-balance sheet loan commitments | $ 146 | ||
ECL coverage | 0.00% | ||
Wholesale Lending Sector | Financial instruments credit-impaired after purchase or origination | IFRS 9 | Lifetime expected credit losses | Fully collateralised | Loans and advances to customers and banks | US | Other corporate, commerical, and non-bank financial institutions loans and advances including loan commitments | |||
Disclosure of financial assets [line items] | |||
Financial assets and off-balance sheet loan commitments | $ 188 | ||
ECL coverage | 9.60% | ||
Wholesale Lending Sector | Financial instruments credit-impaired after purchase or origination | IFRS 9 | Lifetime expected credit losses | Partially collateralised | Loans and advances to customers and banks | Other corporate, commerical, and non-bank financial institutions loans and advances including loan commitments | |||
Disclosure of financial assets [line items] | |||
Financial assets and off-balance sheet loan commitments | $ 931 | ||
ECL coverage | 44.90% | ||
Wholesale Lending Sector | Financial instruments credit-impaired after purchase or origination | IFRS 9 | Lifetime expected credit losses | Partially collateralised | Loans and advances to customers and banks | UK | Other corporate, commerical, and non-bank financial institutions loans and advances including loan commitments | |||
Disclosure of financial assets [line items] | |||
Financial assets and off-balance sheet loan commitments | $ 179 | ||
ECL coverage | 22.30% | ||
Wholesale Lending Sector | Financial instruments credit-impaired after purchase or origination | IFRS 9 | Lifetime expected credit losses | Partially collateralised | Loans and advances to customers and banks | Hong Kong | Other corporate, commerical, and non-bank financial institutions loans and advances including loan commitments | |||
Disclosure of financial assets [line items] | |||
Financial assets and off-balance sheet loan commitments | $ 158 | ||
ECL coverage | 15.20% | ||
Wholesale Lending Sector | Financial instruments credit-impaired after purchase or origination | IFRS 9 | Lifetime expected credit losses | Partially collateralised | Loans and advances to customers and banks | US | Other corporate, commerical, and non-bank financial institutions loans and advances including loan commitments | |||
Disclosure of financial assets [line items] | |||
Financial assets and off-balance sheet loan commitments | $ 5 | ||
ECL coverage | 60.00% | ||
Wholesale Lending Sector | Financial instruments credit-impaired after purchase or origination | IFRS 9 | Lifetime expected credit losses | – less than 50% | Loans and advances to customers and banks | Other corporate, commerical, and non-bank financial institutions loans and advances including loan commitments | |||
Disclosure of financial assets [line items] | |||
Financial assets and off-balance sheet loan commitments | $ 596 | ||
ECL coverage | 34.90% | ||
Wholesale Lending Sector | Financial instruments credit-impaired after purchase or origination | IFRS 9 | Lifetime expected credit losses | – less than 50% | Loans and advances to customers and banks | UK | Other corporate, commerical, and non-bank financial institutions loans and advances including loan commitments | |||
Disclosure of financial assets [line items] | |||
Financial assets and off-balance sheet loan commitments | $ 181 | ||
ECL coverage | 7.70% | ||
Wholesale Lending Sector | Financial instruments credit-impaired after purchase or origination | IFRS 9 | Lifetime expected credit losses | – less than 50% | Loans and advances to customers and banks | Hong Kong | Other corporate, commerical, and non-bank financial institutions loans and advances including loan commitments | |||
Disclosure of financial assets [line items] | |||
Financial assets and off-balance sheet loan commitments | $ 11 | ||
ECL coverage | 0.00% | ||
Wholesale Lending Sector | Financial instruments credit-impaired after purchase or origination | IFRS 9 | Lifetime expected credit losses | – less than 50% | Loans and advances to customers and banks | US | Other corporate, commerical, and non-bank financial institutions loans and advances including loan commitments | |||
Disclosure of financial assets [line items] | |||
Financial assets and off-balance sheet loan commitments | $ 77 | ||
ECL coverage | 22.10% | ||
Wholesale Lending Sector | Financial instruments credit-impaired after purchase or origination | IFRS 9 | Lifetime expected credit losses | – 51% to 75% | Loans and advances to customers and banks | Other corporate, commerical, and non-bank financial institutions loans and advances including loan commitments | |||
Disclosure of financial assets [line items] | |||
Financial assets and off-balance sheet loan commitments | $ 487 | ||
ECL coverage | 10.50% | ||
Wholesale Lending Sector | Financial instruments credit-impaired after purchase or origination | IFRS 9 | Lifetime expected credit losses | – 51% to 75% | Loans and advances to customers and banks | UK | Other corporate, commerical, and non-bank financial institutions loans and advances including loan commitments | |||
Disclosure of financial assets [line items] | |||
Financial assets and off-balance sheet loan commitments | $ 172 | ||
ECL coverage | 1.70% | ||
Wholesale Lending Sector | Financial instruments credit-impaired after purchase or origination | IFRS 9 | Lifetime expected credit losses | – 51% to 75% | Loans and advances to customers and banks | Hong Kong | Other corporate, commerical, and non-bank financial institutions loans and advances including loan commitments | |||
Disclosure of financial assets [line items] | |||
Financial assets and off-balance sheet loan commitments | $ 62 | ||
ECL coverage | 0.00% | ||
Wholesale Lending Sector | Financial instruments credit-impaired after purchase or origination | IFRS 9 | Lifetime expected credit losses | – 51% to 75% | Loans and advances to customers and banks | US | Other corporate, commerical, and non-bank financial institutions loans and advances including loan commitments | |||
Disclosure of financial assets [line items] | |||
Financial assets and off-balance sheet loan commitments | $ 103 | ||
ECL coverage | 1.00% | ||
Wholesale Lending Sector | Financial instruments credit-impaired after purchase or origination | IFRS 9 | Lifetime expected credit losses | – 76% to 90% | Loans and advances to customers and banks | Other corporate, commerical, and non-bank financial institutions loans and advances including loan commitments | |||
Disclosure of financial assets [line items] | |||
Financial assets and off-balance sheet loan commitments | $ 382 | ||
ECL coverage | 25.40% | ||
Wholesale Lending Sector | Financial instruments credit-impaired after purchase or origination | IFRS 9 | Lifetime expected credit losses | – 76% to 90% | Loans and advances to customers and banks | UK | Other corporate, commerical, and non-bank financial institutions loans and advances including loan commitments | |||
Disclosure of financial assets [line items] | |||
Financial assets and off-balance sheet loan commitments | $ 86 | ||
ECL coverage | 10.50% | ||
Wholesale Lending Sector | Financial instruments credit-impaired after purchase or origination | IFRS 9 | Lifetime expected credit losses | – 76% to 90% | Loans and advances to customers and banks | Hong Kong | Other corporate, commerical, and non-bank financial institutions loans and advances including loan commitments | |||
Disclosure of financial assets [line items] | |||
Financial assets and off-balance sheet loan commitments | $ 32 | ||
ECL coverage | 0.00% | ||
Wholesale Lending Sector | Financial instruments credit-impaired after purchase or origination | IFRS 9 | Lifetime expected credit losses | – 76% to 90% | Loans and advances to customers and banks | US | Other corporate, commerical, and non-bank financial institutions loans and advances including loan commitments | |||
Disclosure of financial assets [line items] | |||
Financial assets and off-balance sheet loan commitments | $ 0 | ||
ECL coverage | 0.00% | ||
Wholesale Lending Sector | Financial instruments credit-impaired after purchase or origination | IFRS 9 | Lifetime expected credit losses | – 91% to 100% | Loans and advances to customers and banks | Other corporate, commerical, and non-bank financial institutions loans and advances including loan commitments | |||
Disclosure of financial assets [line items] | |||
Financial assets and off-balance sheet loan commitments | $ 195 | ||
ECL coverage | 31.80% | ||
Wholesale Lending Sector | Financial instruments credit-impaired after purchase or origination | IFRS 9 | Lifetime expected credit losses | – 91% to 100% | Loans and advances to customers and banks | UK | Other corporate, commerical, and non-bank financial institutions loans and advances including loan commitments | |||
Disclosure of financial assets [line items] | |||
Financial assets and off-balance sheet loan commitments | $ 74 | ||
ECL coverage | 8.10% | ||
Wholesale Lending Sector | Financial instruments credit-impaired after purchase or origination | IFRS 9 | Lifetime expected credit losses | – 91% to 100% | Loans and advances to customers and banks | Hong Kong | Other corporate, commerical, and non-bank financial institutions loans and advances including loan commitments | |||
Disclosure of financial assets [line items] | |||
Financial assets and off-balance sheet loan commitments | $ 41 | ||
ECL coverage | 0.00% | ||
Wholesale Lending Sector | Financial instruments credit-impaired after purchase or origination | IFRS 9 | Lifetime expected credit losses | – 91% to 100% | Loans and advances to customers and banks | US | Other corporate, commerical, and non-bank financial institutions loans and advances including loan commitments | |||
Disclosure of financial assets [line items] | |||
Financial assets and off-balance sheet loan commitments | $ 8 | ||
ECL coverage | 0.00% | ||
Wholesale Lending Sector | POCI | IFRS 9 | Lifetime expected credit losses | Loans and advances to customers and banks | Other corporate, commerical, and non-bank financial institutions loans and advances including loan commitments | |||
Disclosure of financial assets [line items] | |||
Financial assets and off-balance sheet loan commitments | $ 316 | ||
Collateral value | $ 38 | ||
ECL coverage | 59.20% | ||
Wholesale Lending Sector | POCI | IFRS 9 | Lifetime expected credit losses | Loans and advances to customers and banks | UK | Other corporate, commerical, and non-bank financial institutions loans and advances including loan commitments | |||
Disclosure of financial assets [line items] | |||
Financial assets and off-balance sheet loan commitments | $ 8 | ||
Collateral value | $ 3 | ||
ECL coverage | 0.00% | ||
Wholesale Lending Sector | POCI | IFRS 9 | Lifetime expected credit losses | Loans and advances to customers and banks | Hong Kong | Other corporate, commerical, and non-bank financial institutions loans and advances including loan commitments | |||
Disclosure of financial assets [line items] | |||
Financial assets and off-balance sheet loan commitments | $ 69 | ||
Collateral value | $ 34 | ||
ECL coverage | 50.70% | ||
Wholesale Lending Sector | POCI | IFRS 9 | Lifetime expected credit losses | Loans and advances to customers and banks | US | Other corporate, commerical, and non-bank financial institutions loans and advances including loan commitments | |||
Disclosure of financial assets [line items] | |||
Financial assets and off-balance sheet loan commitments | $ 0 | ||
Collateral value | $ 0 | ||
ECL coverage | 0.00% | ||
Wholesale Lending Sector | POCI | IFRS 9 | Lifetime expected credit losses | Not collateralised | Loans and advances to customers and banks | Other corporate, commerical, and non-bank financial institutions loans and advances including loan commitments | |||
Disclosure of financial assets [line items] | |||
Financial assets and off-balance sheet loan commitments | $ 214 | ||
ECL coverage | 69.20% | ||
Wholesale Lending Sector | POCI | IFRS 9 | Lifetime expected credit losses | Not collateralised | Loans and advances to customers and banks | UK | Other corporate, commerical, and non-bank financial institutions loans and advances including loan commitments | |||
Disclosure of financial assets [line items] | |||
Financial assets and off-balance sheet loan commitments | $ 0 | ||
ECL coverage | 0.00% | ||
Wholesale Lending Sector | POCI | IFRS 9 | Lifetime expected credit losses | Not collateralised | Loans and advances to customers and banks | Hong Kong | Other corporate, commerical, and non-bank financial institutions loans and advances including loan commitments | |||
Disclosure of financial assets [line items] | |||
Financial assets and off-balance sheet loan commitments | $ 25 | ||
ECL coverage | 20.00% | ||
Wholesale Lending Sector | POCI | IFRS 9 | Lifetime expected credit losses | Not collateralised | Loans and advances to customers and banks | US | Other corporate, commerical, and non-bank financial institutions loans and advances including loan commitments | |||
Disclosure of financial assets [line items] | |||
Financial assets and off-balance sheet loan commitments | $ 0 | ||
ECL coverage | 0.00% | ||
Wholesale Lending Sector | POCI | IFRS 9 | Lifetime expected credit losses | Fully collateralised | Loans and advances to customers and banks | Other corporate, commerical, and non-bank financial institutions loans and advances including loan commitments | |||
Disclosure of financial assets [line items] | |||
Financial assets and off-balance sheet loan commitments | $ 59 | ||
ECL coverage | 13.60% | ||
Wholesale Lending Sector | POCI | IFRS 9 | Lifetime expected credit losses | Fully collateralised | Loans and advances to customers and banks | UK | Other corporate, commerical, and non-bank financial institutions loans and advances including loan commitments | |||
Disclosure of financial assets [line items] | |||
Financial assets and off-balance sheet loan commitments | $ 0 | ||
ECL coverage | 0.00% | ||
Wholesale Lending Sector | POCI | IFRS 9 | Lifetime expected credit losses | Fully collateralised | Loans and advances to customers and banks | Hong Kong | Other corporate, commerical, and non-bank financial institutions loans and advances including loan commitments | |||
Disclosure of financial assets [line items] | |||
Financial assets and off-balance sheet loan commitments | $ 9 | ||
ECL coverage | 0.00% | ||
Wholesale Lending Sector | POCI | IFRS 9 | Lifetime expected credit losses | Fully collateralised | Loans and advances to customers and banks | US | Other corporate, commerical, and non-bank financial institutions loans and advances including loan commitments | |||
Disclosure of financial assets [line items] | |||
Financial assets and off-balance sheet loan commitments | $ 0 | ||
ECL coverage | 0.00% | ||
Wholesale Lending Sector | POCI | IFRS 9 | Lifetime expected credit losses | Partially collateralised | Loans and advances to customers and banks | Other corporate, commerical, and non-bank financial institutions loans and advances including loan commitments | |||
Disclosure of financial assets [line items] | |||
Financial assets and off-balance sheet loan commitments | $ 43 | ||
ECL coverage | 72.10% | ||
Wholesale Lending Sector | POCI | IFRS 9 | Lifetime expected credit losses | Partially collateralised | Loans and advances to customers and banks | UK | Other corporate, commerical, and non-bank financial institutions loans and advances including loan commitments | |||
Disclosure of financial assets [line items] | |||
Financial assets and off-balance sheet loan commitments | $ 8 | ||
ECL coverage | 0.00% | ||
Wholesale Lending Sector | POCI | IFRS 9 | Lifetime expected credit losses | Partially collateralised | Loans and advances to customers and banks | Hong Kong | Other corporate, commerical, and non-bank financial institutions loans and advances including loan commitments | |||
Disclosure of financial assets [line items] | |||
Financial assets and off-balance sheet loan commitments | $ 35 | ||
ECL coverage | 85.70% | ||
Wholesale Lending Sector | POCI | IFRS 9 | Lifetime expected credit losses | Partially collateralised | Loans and advances to customers and banks | US | Other corporate, commerical, and non-bank financial institutions loans and advances including loan commitments | |||
Disclosure of financial assets [line items] | |||
Financial assets and off-balance sheet loan commitments | $ 0 | ||
ECL coverage | 0.00% | ||
Wholesale Lending Sector | POCI | IFRS 9 | Lifetime expected credit losses | – less than 50% | Loans and advances to customers and banks | Other corporate, commerical, and non-bank financial institutions loans and advances including loan commitments | |||
Disclosure of financial assets [line items] | |||
Financial assets and off-balance sheet loan commitments | $ 12 | ||
ECL coverage | 33.30% | ||
Wholesale Lending Sector | POCI | IFRS 9 | Lifetime expected credit losses | – less than 50% | Loans and advances to customers and banks | UK | Other corporate, commerical, and non-bank financial institutions loans and advances including loan commitments | |||
Disclosure of financial assets [line items] | |||
Financial assets and off-balance sheet loan commitments | $ 0 | ||
ECL coverage | 0.00% | ||
Wholesale Lending Sector | POCI | IFRS 9 | Lifetime expected credit losses | – less than 50% | Loans and advances to customers and banks | Hong Kong | Other corporate, commerical, and non-bank financial institutions loans and advances including loan commitments | |||
Disclosure of financial assets [line items] | |||
Financial assets and off-balance sheet loan commitments | $ 0 | ||
ECL coverage | 0.00% | ||
Wholesale Lending Sector | POCI | IFRS 9 | Lifetime expected credit losses | – less than 50% | Loans and advances to customers and banks | US | Other corporate, commerical, and non-bank financial institutions loans and advances including loan commitments | |||
Disclosure of financial assets [line items] | |||
Financial assets and off-balance sheet loan commitments | $ 0 | ||
ECL coverage | 0.00% | ||
Wholesale Lending Sector | POCI | IFRS 9 | Lifetime expected credit losses | – 51% to 75% | Loans and advances to customers and banks | Other corporate, commerical, and non-bank financial institutions loans and advances including loan commitments | |||
Disclosure of financial assets [line items] | |||
Financial assets and off-balance sheet loan commitments | $ 16 | ||
ECL coverage | 25.00% | ||
Wholesale Lending Sector | POCI | IFRS 9 | Lifetime expected credit losses | – 51% to 75% | Loans and advances to customers and banks | UK | Other corporate, commerical, and non-bank financial institutions loans and advances including loan commitments | |||
Disclosure of financial assets [line items] | |||
Financial assets and off-balance sheet loan commitments | $ 0 | ||
ECL coverage | 0.00% | ||
Wholesale Lending Sector | POCI | IFRS 9 | Lifetime expected credit losses | – 51% to 75% | Loans and advances to customers and banks | Hong Kong | Other corporate, commerical, and non-bank financial institutions loans and advances including loan commitments | |||
Disclosure of financial assets [line items] | |||
Financial assets and off-balance sheet loan commitments | $ 0 | ||
ECL coverage | 0.00% | ||
Wholesale Lending Sector | POCI | IFRS 9 | Lifetime expected credit losses | – 51% to 75% | Loans and advances to customers and banks | US | Other corporate, commerical, and non-bank financial institutions loans and advances including loan commitments | |||
Disclosure of financial assets [line items] | |||
Financial assets and off-balance sheet loan commitments | $ 0 | ||
ECL coverage | 0.00% | ||
Wholesale Lending Sector | POCI | IFRS 9 | Lifetime expected credit losses | – 76% to 90% | Loans and advances to customers and banks | Other corporate, commerical, and non-bank financial institutions loans and advances including loan commitments | |||
Disclosure of financial assets [line items] | |||
Financial assets and off-balance sheet loan commitments | $ 22 | ||
ECL coverage | 0.00% | ||
Wholesale Lending Sector | POCI | IFRS 9 | Lifetime expected credit losses | – 76% to 90% | Loans and advances to customers and banks | UK | Other corporate, commerical, and non-bank financial institutions loans and advances including loan commitments | |||
Disclosure of financial assets [line items] | |||
Financial assets and off-balance sheet loan commitments | $ 0 | ||
ECL coverage | 0.00% | ||
Wholesale Lending Sector | POCI | IFRS 9 | Lifetime expected credit losses | – 76% to 90% | Loans and advances to customers and banks | Hong Kong | Other corporate, commerical, and non-bank financial institutions loans and advances including loan commitments | |||
Disclosure of financial assets [line items] | |||
Financial assets and off-balance sheet loan commitments | $ 0 | ||
ECL coverage | 0.00% | ||
Wholesale Lending Sector | POCI | IFRS 9 | Lifetime expected credit losses | – 76% to 90% | Loans and advances to customers and banks | US | Other corporate, commerical, and non-bank financial institutions loans and advances including loan commitments | |||
Disclosure of financial assets [line items] | |||
Financial assets and off-balance sheet loan commitments | $ 0 | ||
ECL coverage | 0.00% | ||
Wholesale Lending Sector | POCI | IFRS 9 | Lifetime expected credit losses | – 91% to 100% | Loans and advances to customers and banks | Other corporate, commerical, and non-bank financial institutions loans and advances including loan commitments | |||
Disclosure of financial assets [line items] | |||
Financial assets and off-balance sheet loan commitments | $ 9 | ||
ECL coverage | 0.00% | ||
Wholesale Lending Sector | POCI | IFRS 9 | Lifetime expected credit losses | – 91% to 100% | Loans and advances to customers and banks | UK | Other corporate, commerical, and non-bank financial institutions loans and advances including loan commitments | |||
Disclosure of financial assets [line items] | |||
Financial assets and off-balance sheet loan commitments | $ 0 | ||
ECL coverage | 0.00% | ||
Wholesale Lending Sector | POCI | IFRS 9 | Lifetime expected credit losses | – 91% to 100% | Loans and advances to customers and banks | Hong Kong | Other corporate, commerical, and non-bank financial institutions loans and advances including loan commitments | |||
Disclosure of financial assets [line items] | |||
Financial assets and off-balance sheet loan commitments | $ 9 | ||
ECL coverage | 0.00% | ||
Wholesale Lending Sector | POCI | IFRS 9 | Lifetime expected credit losses | – 91% to 100% | Loans and advances to customers and banks | US | Other corporate, commerical, and non-bank financial institutions loans and advances including loan commitments | |||
Disclosure of financial assets [line items] | |||
Financial assets and off-balance sheet loan commitments | $ 0 | ||
ECL coverage | 0.00% |
Report Of The Directors Fina_16
Report Of The Directors Financial Review Risk Report - Wholesale lending: other corporate, commercial and financial (non-bank) loans and advances including loan commitments by level of collateral for key countries (Details) - Other corporate, commerical, and non-bank financial institutions loans and advances including loan commitments - Loans and advances to customers and banks - USD ($) $ in Millions | Dec. 31, 2018 | Dec. 31, 2017 |
Disclosure of financial assets [line items] | ||
Financial assets and off-balance sheet loan commitments | $ 12,825 | |
UK | ||
Disclosure of financial assets [line items] | ||
Financial assets and off-balance sheet loan commitments | 3,644 | |
Hong Kong | ||
Disclosure of financial assets [line items] | ||
Financial assets and off-balance sheet loan commitments | 931 | |
US | ||
Disclosure of financial assets [line items] | ||
Financial assets and off-balance sheet loan commitments | $ 2,543 | |
Wholesale Lending Sector | ||
Disclosure of financial assets [line items] | ||
Financial assets and off-balance sheet loan commitments | $ 11,242 | |
ECL coverage | 33.70% | |
Wholesale Lending Sector | Rated CRR/PD 8 | ||
Disclosure of financial assets [line items] | ||
Financial assets and off-balance sheet loan commitments | $ 3,350 | |
Collateral value | $ 84 | |
ECL coverage | 4.20% | |
Wholesale Lending Sector | Rated CRR/PD 8 | Not collateralised | ||
Disclosure of financial assets [line items] | ||
Financial assets and off-balance sheet loan commitments | $ 1,243 | |
ECL coverage | 5.40% | |
Wholesale Lending Sector | Rated CRR/PD 8 | Fully collateralised | ||
Disclosure of financial assets [line items] | ||
Financial assets and off-balance sheet loan commitments | $ 1,895 | |
ECL coverage | 3.60% | |
Wholesale Lending Sector | Rated CRR/PD 8 | Partially collateralised | ||
Disclosure of financial assets [line items] | ||
Financial assets and off-balance sheet loan commitments | $ 212 | |
ECL coverage | 2.80% | |
Wholesale Lending Sector | Rated CRR/PD9 to 10 | ||
Disclosure of financial assets [line items] | ||
Financial assets and off-balance sheet loan commitments | $ 7,892 | |
Collateral value | $ 466 | |
ECL coverage | 46.10% | |
Wholesale Lending Sector | Rated CRR/PD9 to 10 | Not collateralised | ||
Disclosure of financial assets [line items] | ||
Financial assets and off-balance sheet loan commitments | $ 5,199 | |
ECL coverage | 53.20% | |
Wholesale Lending Sector | Rated CRR/PD9 to 10 | Fully collateralised | ||
Disclosure of financial assets [line items] | ||
Financial assets and off-balance sheet loan commitments | $ 1,719 | |
ECL coverage | 24.80% | |
Wholesale Lending Sector | Rated CRR/PD9 to 10 | Partially collateralised | ||
Disclosure of financial assets [line items] | ||
Financial assets and off-balance sheet loan commitments | $ 974 | |
ECL coverage | 46.10% | |
Wholesale Lending Sector | UK | ||
Disclosure of financial assets [line items] | ||
Financial assets and off-balance sheet loan commitments | $ 3,137 | |
ECL coverage | 27.40% | |
Wholesale Lending Sector | UK | Rated CRR/PD 8 | ||
Disclosure of financial assets [line items] | ||
Financial assets and off-balance sheet loan commitments | $ 662 | |
Collateral value | $ 14 | |
ECL coverage | 5.90% | |
Wholesale Lending Sector | UK | Rated CRR/PD 8 | Not collateralised | ||
Disclosure of financial assets [line items] | ||
Financial assets and off-balance sheet loan commitments | $ 565 | |
ECL coverage | 6.20% | |
Wholesale Lending Sector | UK | Rated CRR/PD 8 | Fully collateralised | ||
Disclosure of financial assets [line items] | ||
Financial assets and off-balance sheet loan commitments | $ 74 | |
ECL coverage | 4.10% | |
Wholesale Lending Sector | UK | Rated CRR/PD 8 | Partially collateralised | ||
Disclosure of financial assets [line items] | ||
Financial assets and off-balance sheet loan commitments | $ 23 | |
ECL coverage | 4.30% | |
Wholesale Lending Sector | UK | Rated CRR/PD9 to 10 | ||
Disclosure of financial assets [line items] | ||
Financial assets and off-balance sheet loan commitments | $ 2,475 | |
Collateral value | $ 116 | |
ECL coverage | 33.20% | |
Wholesale Lending Sector | UK | Rated CRR/PD9 to 10 | Not collateralised | ||
Disclosure of financial assets [line items] | ||
Financial assets and off-balance sheet loan commitments | $ 1,775 | |
ECL coverage | 42.10% | |
Wholesale Lending Sector | UK | Rated CRR/PD9 to 10 | Fully collateralised | ||
Disclosure of financial assets [line items] | ||
Financial assets and off-balance sheet loan commitments | $ 513 | |
ECL coverage | 6.20% | |
Wholesale Lending Sector | UK | Rated CRR/PD9 to 10 | Partially collateralised | ||
Disclosure of financial assets [line items] | ||
Financial assets and off-balance sheet loan commitments | $ 187 | |
ECL coverage | 21.90% | |
Wholesale Lending Sector | Hong Kong | ||
Disclosure of financial assets [line items] | ||
Financial assets and off-balance sheet loan commitments | $ 1,109 | |
ECL coverage | 41.30% | |
Wholesale Lending Sector | Hong Kong | Rated CRR/PD 8 | ||
Disclosure of financial assets [line items] | ||
Financial assets and off-balance sheet loan commitments | $ 258 | |
Collateral value | $ 49 | |
ECL coverage | 3.90% | |
Wholesale Lending Sector | Hong Kong | Rated CRR/PD 8 | Not collateralised | ||
Disclosure of financial assets [line items] | ||
Financial assets and off-balance sheet loan commitments | $ 94 | |
ECL coverage | 7.40% | |
Wholesale Lending Sector | Hong Kong | Rated CRR/PD 8 | Fully collateralised | ||
Disclosure of financial assets [line items] | ||
Financial assets and off-balance sheet loan commitments | $ 11 | |
ECL coverage | 9.10% | |
Wholesale Lending Sector | Hong Kong | Rated CRR/PD 8 | Partially collateralised | ||
Disclosure of financial assets [line items] | ||
Financial assets and off-balance sheet loan commitments | $ 153 | |
ECL coverage | 1.30% | |
Wholesale Lending Sector | Hong Kong | Rated CRR/PD9 to 10 | ||
Disclosure of financial assets [line items] | ||
Financial assets and off-balance sheet loan commitments | $ 851 | |
Collateral value | $ 73 | |
ECL coverage | 52.60% | |
Wholesale Lending Sector | Hong Kong | Rated CRR/PD9 to 10 | Not collateralised | ||
Disclosure of financial assets [line items] | ||
Financial assets and off-balance sheet loan commitments | $ 503 | |
ECL coverage | 78.10% | |
Wholesale Lending Sector | Hong Kong | Rated CRR/PD9 to 10 | Fully collateralised | ||
Disclosure of financial assets [line items] | ||
Financial assets and off-balance sheet loan commitments | $ 155 | |
ECL coverage | 0.00% | |
Wholesale Lending Sector | Hong Kong | Rated CRR/PD9 to 10 | Partially collateralised | ||
Disclosure of financial assets [line items] | ||
Financial assets and off-balance sheet loan commitments | $ 193 | |
ECL coverage | 28.00% | |
Wholesale Lending Sector | US | ||
Disclosure of financial assets [line items] | ||
Financial assets and off-balance sheet loan commitments | $ 2,011 | |
ECL coverage | 4.20% | |
Wholesale Lending Sector | US | Rated CRR/PD 8 | ||
Disclosure of financial assets [line items] | ||
Financial assets and off-balance sheet loan commitments | $ 1,812 | |
Collateral value | $ 0 | |
ECL coverage | 3.40% | |
Wholesale Lending Sector | US | Rated CRR/PD 8 | Not collateralised | ||
Disclosure of financial assets [line items] | ||
Financial assets and off-balance sheet loan commitments | $ 191 | |
ECL coverage | 5.20% | |
Wholesale Lending Sector | US | Rated CRR/PD 8 | Fully collateralised | ||
Disclosure of financial assets [line items] | ||
Financial assets and off-balance sheet loan commitments | $ 1,621 | |
ECL coverage | 3.10% | |
Wholesale Lending Sector | US | Rated CRR/PD 8 | Partially collateralised | ||
Disclosure of financial assets [line items] | ||
Financial assets and off-balance sheet loan commitments | $ 0 | |
ECL coverage | 0.00% | |
Wholesale Lending Sector | US | Rated CRR/PD9 to 10 | ||
Disclosure of financial assets [line items] | ||
Financial assets and off-balance sheet loan commitments | $ 199 | |
Collateral value | $ 2 | |
ECL coverage | 11.10% | |
Wholesale Lending Sector | US | Rated CRR/PD9 to 10 | Not collateralised | ||
Disclosure of financial assets [line items] | ||
Financial assets and off-balance sheet loan commitments | $ 6 | |
ECL coverage | 16.70% | |
Wholesale Lending Sector | US | Rated CRR/PD9 to 10 | Fully collateralised | ||
Disclosure of financial assets [line items] | ||
Financial assets and off-balance sheet loan commitments | $ 188 | |
ECL coverage | 9.60% | |
Wholesale Lending Sector | US | Rated CRR/PD9 to 10 | Partially collateralised | ||
Disclosure of financial assets [line items] | ||
Financial assets and off-balance sheet loan commitments | $ 5 | |
ECL coverage | 60.00% | |
Wholesale Lending Sector | – LTV ratio: less than 50% | Rated CRR/PD 8 | ||
Disclosure of financial assets [line items] | ||
Financial assets and off-balance sheet loan commitments | $ 693 | |
ECL coverage | 4.20% | |
Wholesale Lending Sector | – LTV ratio: less than 50% | Rated CRR/PD9 to 10 | ||
Disclosure of financial assets [line items] | ||
Financial assets and off-balance sheet loan commitments | $ 608 | |
ECL coverage | 36.00% | |
Wholesale Lending Sector | – LTV ratio: less than 50% | UK | Rated CRR/PD 8 | ||
Disclosure of financial assets [line items] | ||
Financial assets and off-balance sheet loan commitments | $ 21 | |
ECL coverage | 4.80% | |
Wholesale Lending Sector | – LTV ratio: less than 50% | UK | Rated CRR/PD9 to 10 | ||
Disclosure of financial assets [line items] | ||
Financial assets and off-balance sheet loan commitments | $ 181 | |
ECL coverage | 7.70% | |
Wholesale Lending Sector | – LTV ratio: less than 50% | Hong Kong | Rated CRR/PD 8 | ||
Disclosure of financial assets [line items] | ||
Financial assets and off-balance sheet loan commitments | $ 0 | |
ECL coverage | 0.00% | |
Wholesale Lending Sector | – LTV ratio: less than 50% | Hong Kong | Rated CRR/PD9 to 10 | ||
Disclosure of financial assets [line items] | ||
Financial assets and off-balance sheet loan commitments | $ 11 | |
ECL coverage | 0.00% | |
Wholesale Lending Sector | – LTV ratio: less than 50% | US | Rated CRR/PD 8 | ||
Disclosure of financial assets [line items] | ||
Financial assets and off-balance sheet loan commitments | $ 594 | |
ECL coverage | 4.20% | |
Wholesale Lending Sector | – LTV ratio: less than 50% | US | Rated CRR/PD9 to 10 | ||
Disclosure of financial assets [line items] | ||
Financial assets and off-balance sheet loan commitments | $ 77 | |
ECL coverage | 22.10% | |
Wholesale Lending Sector | – 51% to 75% | Rated CRR/PD 8 | ||
Disclosure of financial assets [line items] | ||
Financial assets and off-balance sheet loan commitments | $ 292 | |
ECL coverage | 2.70% | |
Wholesale Lending Sector | – 51% to 75% | Rated CRR/PD9 to 10 | ||
Disclosure of financial assets [line items] | ||
Financial assets and off-balance sheet loan commitments | $ 503 | |
ECL coverage | 8.70% | |
Wholesale Lending Sector | – 51% to 75% | UK | Rated CRR/PD 8 | ||
Disclosure of financial assets [line items] | ||
Financial assets and off-balance sheet loan commitments | $ 49 | |
ECL coverage | 2.00% | |
Wholesale Lending Sector | – 51% to 75% | UK | Rated CRR/PD9 to 10 | ||
Disclosure of financial assets [line items] | ||
Financial assets and off-balance sheet loan commitments | $ 172 | |
ECL coverage | 1.70% | |
Wholesale Lending Sector | – 51% to 75% | Hong Kong | Rated CRR/PD 8 | ||
Disclosure of financial assets [line items] | ||
Financial assets and off-balance sheet loan commitments | $ 11 | |
ECL coverage | 9.10% | |
Wholesale Lending Sector | – 51% to 75% | Hong Kong | Rated CRR/PD9 to 10 | ||
Disclosure of financial assets [line items] | ||
Financial assets and off-balance sheet loan commitments | $ 62 | |
ECL coverage | 0.00% | |
Wholesale Lending Sector | – 51% to 75% | US | Rated CRR/PD 8 | ||
Disclosure of financial assets [line items] | ||
Financial assets and off-balance sheet loan commitments | $ 169 | |
ECL coverage | 2.40% | |
Wholesale Lending Sector | – 51% to 75% | US | Rated CRR/PD9 to 10 | ||
Disclosure of financial assets [line items] | ||
Financial assets and off-balance sheet loan commitments | $ 103 | |
ECL coverage | 1.00% | |
Wholesale Lending Sector | – 76% to 90% | Rated CRR/PD 8 | ||
Disclosure of financial assets [line items] | ||
Financial assets and off-balance sheet loan commitments | $ 45 | |
ECL coverage | 15.60% | |
Wholesale Lending Sector | – 76% to 90% | Rated CRR/PD9 to 10 | ||
Disclosure of financial assets [line items] | ||
Financial assets and off-balance sheet loan commitments | $ 405 | |
ECL coverage | 24.20% | |
Wholesale Lending Sector | – 76% to 90% | UK | Rated CRR/PD 8 | ||
Disclosure of financial assets [line items] | ||
Financial assets and off-balance sheet loan commitments | $ 2 | |
ECL coverage | 0.00% | |
Wholesale Lending Sector | – 76% to 90% | UK | Rated CRR/PD9 to 10 | ||
Disclosure of financial assets [line items] | ||
Financial assets and off-balance sheet loan commitments | $ 86 | |
ECL coverage | 10.50% | |
Wholesale Lending Sector | – 76% to 90% | Hong Kong | Rated CRR/PD 8 | ||
Disclosure of financial assets [line items] | ||
Financial assets and off-balance sheet loan commitments | $ 0 | |
ECL coverage | 0.00% | |
Wholesale Lending Sector | – 76% to 90% | Hong Kong | Rated CRR/PD9 to 10 | ||
Disclosure of financial assets [line items] | ||
Financial assets and off-balance sheet loan commitments | $ 32 | |
ECL coverage | 0.00% | |
Wholesale Lending Sector | – 76% to 90% | US | Rated CRR/PD 8 | ||
Disclosure of financial assets [line items] | ||
Financial assets and off-balance sheet loan commitments | $ 20 | |
ECL coverage | 0.00% | |
Wholesale Lending Sector | – 76% to 90% | US | Rated CRR/PD9 to 10 | ||
Disclosure of financial assets [line items] | ||
Financial assets and off-balance sheet loan commitments | $ 0 | |
ECL coverage | 0.00% | |
Wholesale Lending Sector | – 91% to 100% | Rated CRR/PD 8 | ||
Disclosure of financial assets [line items] | ||
Financial assets and off-balance sheet loan commitments | $ 865 | |
ECL coverage | 2.80% | |
Wholesale Lending Sector | – 91% to 100% | Rated CRR/PD9 to 10 | ||
Disclosure of financial assets [line items] | ||
Financial assets and off-balance sheet loan commitments | $ 203 | |
ECL coverage | 31.50% | |
Wholesale Lending Sector | – 91% to 100% | UK | Rated CRR/PD 8 | ||
Disclosure of financial assets [line items] | ||
Financial assets and off-balance sheet loan commitments | $ 2 | |
ECL coverage | 0.00% | |
Wholesale Lending Sector | – 91% to 100% | UK | Rated CRR/PD9 to 10 | ||
Disclosure of financial assets [line items] | ||
Financial assets and off-balance sheet loan commitments | $ 74 | |
ECL coverage | 8.10% | |
Wholesale Lending Sector | – 91% to 100% | Hong Kong | Rated CRR/PD 8 | ||
Disclosure of financial assets [line items] | ||
Financial assets and off-balance sheet loan commitments | $ 0 | |
ECL coverage | 0.00% | |
Wholesale Lending Sector | – 91% to 100% | Hong Kong | Rated CRR/PD9 to 10 | ||
Disclosure of financial assets [line items] | ||
Financial assets and off-balance sheet loan commitments | $ 50 | |
ECL coverage | 0.00% | |
Wholesale Lending Sector | – 91% to 100% | US | Rated CRR/PD 8 | ||
Disclosure of financial assets [line items] | ||
Financial assets and off-balance sheet loan commitments | $ 838 | |
ECL coverage | 0.00% | |
Wholesale Lending Sector | – 91% to 100% | US | Rated CRR/PD9 to 10 | ||
Disclosure of financial assets [line items] | ||
Financial assets and off-balance sheet loan commitments | $ 8 | |
ECL coverage | 0.00% |
Report Of The Directors Fina_17
Report Of The Directors Financial Review Risk Report - Personal lending: reconciliation of changes in gross carrying/nominal amount and allowances for loans and advances to customers including loan commitments and financial guarantees (Details) $ in Millions | 12 Months Ended |
Dec. 31, 2018USD ($) | |
Increase (decrease) in financial assets [abstract] | |
Financial assets, beginning balance | $ 2,433,785 |
Financial assets, ending balance | 2,471,203 |
Gross carrying amount | IFRS 9 | |
Increase (decrease) in financial assets [abstract] | |
Financial assets, ending balance | 1,645,418 |
Allowance for ECL | IFRS 9 | |
Increase (decrease) in financial assets [abstract] | |
Financial assets, ending balance | (8,693) |
Personal Lending Sector | Gross carrying amount | IFRS 9 | Loans and advances to customers, including loan commitments and financial guarantees | |
Increase (decrease) in financial assets [abstract] | |
Financial assets, beginning balance | 571,880 |
Net new and further lending/repayments | 49,820 |
Assets written off | (1,386) |
Foreign exchange and other | (17,699) |
Financial assets, ending balance | 602,615 |
Personal Lending Sector | Gross carrying amount | IFRS 9 | 12-month expected credit losses | Financial instruments not credit-impaired | Loans and advances to customers, including loan commitments and financial guarantees | |
Increase (decrease) in financial assets [abstract] | |
Financial assets, beginning balance | 549,328 |
Transfers of financial instruments | (4,270) |
Net new and further lending/repayments | 52,761 |
Foreign exchange and other | (17,035) |
Financial assets, ending balance | 580,784 |
Personal Lending Sector | Gross carrying amount | IFRS 9 | Lifetime expected credit losses | Financial instruments not credit-impaired | Loans and advances to customers, including loan commitments and financial guarantees | |
Increase (decrease) in financial assets [abstract] | |
Financial assets, beginning balance | 17,678 |
Transfers of financial instruments | 2,047 |
Net new and further lending/repayments | (2,453) |
Foreign exchange and other | (434) |
Financial assets, ending balance | 16,838 |
Personal Lending Sector | Gross carrying amount | IFRS 9 | Lifetime expected credit losses | Financial instruments credit-impaired after purchase or origination | Loans and advances to customers, including loan commitments and financial guarantees | |
Increase (decrease) in financial assets [abstract] | |
Financial assets, beginning balance | 4,874 |
Transfers of financial instruments | 2,223 |
Net new and further lending/repayments | (488) |
Assets written off | (1,386) |
Foreign exchange and other | (230) |
Financial assets, ending balance | 4,993 |
Personal Lending Sector | Allowance for ECL | IFRS 9 | Loans and advances to customers, including loan commitments and financial guarantees | |
Increase (decrease) in financial assets [abstract] | |
Financial assets, beginning balance | (3,065) |
Net remeasurement of ECL arising from transfer of stage | (27) |
Net new and further lending/repayments | 308 |
Changes to risk parameters – credit quality | (1,717) |
Assets written off | 1,380 |
Foreign exchange and other | 160 |
Financial assets, ending balance | (2,961) |
ECL release/(charge) for the period | (1,436) |
Recoveries | 290 |
Others | (18) |
Total change in ECL for the period | (1,164) |
Personal Lending Sector | Allowance for ECL | IFRS 9 | 12-month expected credit losses | Financial instruments not credit-impaired | Loans and advances to customers, including loan commitments and financial guarantees | |
Increase (decrease) in financial assets [abstract] | |
Financial assets, beginning balance | (596) |
Transfers of financial instruments | (411) |
Net remeasurement of ECL arising from transfer of stage | 358 |
Net new and further lending/repayments | (241) |
Changes to risk parameters – credit quality | 266 |
Foreign exchange and other | 77 |
Financial assets, ending balance | (547) |
ECL release/(charge) for the period | 383 |
Personal Lending Sector | Allowance for ECL | IFRS 9 | Lifetime expected credit losses | Financial instruments not credit-impaired | Loans and advances to customers, including loan commitments and financial guarantees | |
Increase (decrease) in financial assets [abstract] | |
Financial assets, beginning balance | (1,157) |
Transfers of financial instruments | 799 |
Net remeasurement of ECL arising from transfer of stage | (374) |
Net new and further lending/repayments | 222 |
Changes to risk parameters – credit quality | (786) |
Foreign exchange and other | 30 |
Financial assets, ending balance | (1,266) |
ECL release/(charge) for the period | (938) |
Personal Lending Sector | Allowance for ECL | IFRS 9 | Lifetime expected credit losses | Financial instruments credit-impaired after purchase or origination | Loans and advances to customers, including loan commitments and financial guarantees | |
Increase (decrease) in financial assets [abstract] | |
Financial assets, beginning balance | (1,312) |
Transfers of financial instruments | (388) |
Net remeasurement of ECL arising from transfer of stage | (11) |
Net new and further lending/repayments | 327 |
Changes to risk parameters – credit quality | (1,197) |
Assets written off | 1,380 |
Foreign exchange and other | 53 |
Financial assets, ending balance | (1,148) |
ECL release/(charge) for the period | $ (881) |
Report Of The Directors Fina_18
Report Of The Directors Financial Review Risk Report - Personal lending: residential mortgage loans including loan commitments by level of collateral for key countries/territories (by stage) (Details) - IFRS 9 - USD ($) $ in Millions | Dec. 31, 2018 | Jan. 01, 2018 |
Disclosure of financial assets [line items] | ||
Financial assets and off-balance sheet loan commitments | $ 2,251,833 | $ 2,160,680 |
Personal Lending Sector | Loans and advances to customers | ||
Disclosure of financial assets [line items] | ||
Financial assets and off-balance sheet loan commitments | $ 309,733 | |
ECL coverage | 0.20% | |
Personal Lending Sector | UK | Loans and advances to customers | ||
Disclosure of financial assets [line items] | ||
Financial assets and off-balance sheet loan commitments | $ 133,553 | |
ECL coverage | 0.10% | |
Personal Lending Sector | Hong Kong | Loans and advances to customers | ||
Disclosure of financial assets [line items] | ||
Financial assets and off-balance sheet loan commitments | $ 80,373 | |
ECL coverage | 0.00% | |
Personal Lending Sector | US | Loans and advances to customers | ||
Disclosure of financial assets [line items] | ||
Financial assets and off-balance sheet loan commitments | $ 17,466 | |
ECL coverage | 0.10% | |
Personal Lending Sector | Financial instruments not credit-impaired | 12-month expected credit losses | Loans and advances to customers | ||
Disclosure of financial assets [line items] | ||
Financial assets and off-balance sheet loan commitments | $ 300,492 | |
Collateral value | $ 1,266 | |
ECL coverage | 0.00% | |
Personal Lending Sector | Financial instruments not credit-impaired | 12-month expected credit losses | UK | Loans and advances to customers | ||
Disclosure of financial assets [line items] | ||
Financial assets and off-balance sheet loan commitments | $ 131,227 | |
Collateral value | $ 493 | |
ECL coverage | 0.00% | |
Personal Lending Sector | Financial instruments not credit-impaired | 12-month expected credit losses | Hong Kong | Loans and advances to customers | ||
Disclosure of financial assets [line items] | ||
Financial assets and off-balance sheet loan commitments | $ 79,480 | |
Collateral value | $ 284 | |
ECL coverage | 0.00% | |
Personal Lending Sector | Financial instruments not credit-impaired | 12-month expected credit losses | US | Loans and advances to customers | ||
Disclosure of financial assets [line items] | ||
Financial assets and off-balance sheet loan commitments | $ 15,331 | |
Collateral value | $ 8 | |
ECL coverage | 0.00% | |
Personal Lending Sector | Financial instruments not credit-impaired | 12-month expected credit losses | Fully collateralised | Loans and advances to customers | ||
Disclosure of financial assets [line items] | ||
Financial assets and off-balance sheet loan commitments | $ 299,072 | |
ECL coverage | 0.00% | |
Personal Lending Sector | Financial instruments not credit-impaired | 12-month expected credit losses | Fully collateralised | UK | Loans and advances to customers | ||
Disclosure of financial assets [line items] | ||
Financial assets and off-balance sheet loan commitments | $ 130,646 | |
ECL coverage | 0.00% | |
Personal Lending Sector | Financial instruments not credit-impaired | 12-month expected credit losses | Fully collateralised | Hong Kong | Loans and advances to customers | ||
Disclosure of financial assets [line items] | ||
Financial assets and off-balance sheet loan commitments | $ 79,180 | |
ECL coverage | 0.00% | |
Personal Lending Sector | Financial instruments not credit-impaired | 12-month expected credit losses | Fully collateralised | US | Loans and advances to customers | ||
Disclosure of financial assets [line items] | ||
Financial assets and off-balance sheet loan commitments | $ 15,321 | |
ECL coverage | 0.00% | |
Personal Lending Sector | Financial instruments not credit-impaired | 12-month expected credit losses | Partially collateralised | Loans and advances to customers | ||
Disclosure of financial assets [line items] | ||
Financial assets and off-balance sheet loan commitments | $ 1,420 | |
ECL coverage | 0.10% | |
Personal Lending Sector | Financial instruments not credit-impaired | 12-month expected credit losses | Partially collateralised | UK | Loans and advances to customers | ||
Disclosure of financial assets [line items] | ||
Financial assets and off-balance sheet loan commitments | $ 581 | |
ECL coverage | 0.00% | |
Personal Lending Sector | Financial instruments not credit-impaired | 12-month expected credit losses | Partially collateralised | Hong Kong | Loans and advances to customers | ||
Disclosure of financial assets [line items] | ||
Financial assets and off-balance sheet loan commitments | $ 300 | |
ECL coverage | 0.00% | |
Personal Lending Sector | Financial instruments not credit-impaired | 12-month expected credit losses | Partially collateralised | US | Loans and advances to customers | ||
Disclosure of financial assets [line items] | ||
Financial assets and off-balance sheet loan commitments | $ 10 | |
ECL coverage | 0.00% | |
Personal Lending Sector | Financial instruments not credit-impaired | 12-month expected credit losses | – LTV ratio: less than 50% | Fully collateralised | Loans and advances to customers | ||
Disclosure of financial assets [line items] | ||
Financial assets and off-balance sheet loan commitments | $ 160,563 | |
ECL coverage | 0.00% | |
Personal Lending Sector | Financial instruments not credit-impaired | 12-month expected credit losses | – LTV ratio: less than 50% | Fully collateralised | UK | Loans and advances to customers | ||
Disclosure of financial assets [line items] | ||
Financial assets and off-balance sheet loan commitments | $ 66,834 | |
ECL coverage | 0.00% | |
Personal Lending Sector | Financial instruments not credit-impaired | 12-month expected credit losses | – LTV ratio: less than 50% | Fully collateralised | Hong Kong | Loans and advances to customers | ||
Disclosure of financial assets [line items] | ||
Financial assets and off-balance sheet loan commitments | $ 54,262 | |
ECL coverage | 0.00% | |
Personal Lending Sector | Financial instruments not credit-impaired | 12-month expected credit losses | – LTV ratio: less than 50% | Fully collateralised | US | Loans and advances to customers | ||
Disclosure of financial assets [line items] | ||
Financial assets and off-balance sheet loan commitments | $ 8,060 | |
ECL coverage | 0.00% | |
Personal Lending Sector | Financial instruments not credit-impaired | 12-month expected credit losses | – 51% to 60% | Fully collateralised | Loans and advances to customers | ||
Disclosure of financial assets [line items] | ||
Financial assets and off-balance sheet loan commitments | $ 51,415 | |
ECL coverage | 0.00% | |
Personal Lending Sector | Financial instruments not credit-impaired | 12-month expected credit losses | – 51% to 60% | Fully collateralised | UK | Loans and advances to customers | ||
Disclosure of financial assets [line items] | ||
Financial assets and off-balance sheet loan commitments | $ 20,937 | |
ECL coverage | 0.00% | |
Personal Lending Sector | Financial instruments not credit-impaired | 12-month expected credit losses | – 51% to 60% | Fully collateralised | Hong Kong | Loans and advances to customers | ||
Disclosure of financial assets [line items] | ||
Financial assets and off-balance sheet loan commitments | $ 11,591 | |
ECL coverage | 0.00% | |
Personal Lending Sector | Financial instruments not credit-impaired | 12-month expected credit losses | – 51% to 60% | Fully collateralised | US | Loans and advances to customers | ||
Disclosure of financial assets [line items] | ||
Financial assets and off-balance sheet loan commitments | $ 3,382 | |
ECL coverage | 0.00% | |
Personal Lending Sector | Financial instruments not credit-impaired | 12-month expected credit losses | – 61% to 70% | Fully collateralised | Loans and advances to customers | ||
Disclosure of financial assets [line items] | ||
Financial assets and off-balance sheet loan commitments | $ 40,273 | |
ECL coverage | 0.00% | |
Personal Lending Sector | Financial instruments not credit-impaired | 12-month expected credit losses | – 61% to 70% | Fully collateralised | UK | Loans and advances to customers | ||
Disclosure of financial assets [line items] | ||
Financial assets and off-balance sheet loan commitments | $ 17,480 | |
ECL coverage | 0.00% | |
Personal Lending Sector | Financial instruments not credit-impaired | 12-month expected credit losses | – 61% to 70% | Fully collateralised | Hong Kong | Loans and advances to customers | ||
Disclosure of financial assets [line items] | ||
Financial assets and off-balance sheet loan commitments | $ 5,979 | |
ECL coverage | 0.00% | |
Personal Lending Sector | Financial instruments not credit-impaired | 12-month expected credit losses | – 61% to 70% | Fully collateralised | US | Loans and advances to customers | ||
Disclosure of financial assets [line items] | ||
Financial assets and off-balance sheet loan commitments | $ 2,473 | |
ECL coverage | 0.00% | |
Personal Lending Sector | Financial instruments not credit-impaired | 12-month expected credit losses | – 71% to 80% | Fully collateralised | Loans and advances to customers | ||
Disclosure of financial assets [line items] | ||
Financial assets and off-balance sheet loan commitments | $ 28,383 | |
ECL coverage | 0.00% | |
Personal Lending Sector | Financial instruments not credit-impaired | 12-month expected credit losses | – 71% to 80% | Fully collateralised | UK | Loans and advances to customers | ||
Disclosure of financial assets [line items] | ||
Financial assets and off-balance sheet loan commitments | $ 15,086 | |
ECL coverage | 0.00% | |
Personal Lending Sector | Financial instruments not credit-impaired | 12-month expected credit losses | – 71% to 80% | Fully collateralised | Hong Kong | Loans and advances to customers | ||
Disclosure of financial assets [line items] | ||
Financial assets and off-balance sheet loan commitments | $ 2,986 | |
ECL coverage | 0.00% | |
Personal Lending Sector | Financial instruments not credit-impaired | 12-month expected credit losses | – 71% to 80% | Fully collateralised | US | Loans and advances to customers | ||
Disclosure of financial assets [line items] | ||
Financial assets and off-balance sheet loan commitments | $ 1,113 | |
ECL coverage | 0.00% | |
Personal Lending Sector | Financial instruments not credit-impaired | 12-month expected credit losses | – 81% to 90% | Fully collateralised | Loans and advances to customers | ||
Disclosure of financial assets [line items] | ||
Financial assets and off-balance sheet loan commitments | $ 14,191 | |
ECL coverage | 0.00% | |
Personal Lending Sector | Financial instruments not credit-impaired | 12-month expected credit losses | – 81% to 90% | Fully collateralised | UK | Loans and advances to customers | ||
Disclosure of financial assets [line items] | ||
Financial assets and off-balance sheet loan commitments | $ 8,824 | |
ECL coverage | 0.00% | |
Personal Lending Sector | Financial instruments not credit-impaired | 12-month expected credit losses | – 81% to 90% | Fully collateralised | Hong Kong | Loans and advances to customers | ||
Disclosure of financial assets [line items] | ||
Financial assets and off-balance sheet loan commitments | $ 2,637 | |
ECL coverage | 0.00% | |
Personal Lending Sector | Financial instruments not credit-impaired | 12-month expected credit losses | – 81% to 90% | Fully collateralised | US | Loans and advances to customers | ||
Disclosure of financial assets [line items] | ||
Financial assets and off-balance sheet loan commitments | $ 158 | |
ECL coverage | 0.00% | |
Personal Lending Sector | Financial instruments not credit-impaired | 12-month expected credit losses | – 91% to 100% | Fully collateralised | Loans and advances to customers | ||
Disclosure of financial assets [line items] | ||
Financial assets and off-balance sheet loan commitments | $ 4,247 | |
ECL coverage | 0.10% | |
Personal Lending Sector | Financial instruments not credit-impaired | 12-month expected credit losses | – 91% to 100% | Fully collateralised | UK | Loans and advances to customers | ||
Disclosure of financial assets [line items] | ||
Financial assets and off-balance sheet loan commitments | $ 1,485 | |
ECL coverage | 0.00% | |
Personal Lending Sector | Financial instruments not credit-impaired | 12-month expected credit losses | – 91% to 100% | Fully collateralised | Hong Kong | Loans and advances to customers | ||
Disclosure of financial assets [line items] | ||
Financial assets and off-balance sheet loan commitments | $ 1,725 | |
ECL coverage | 0.00% | |
Personal Lending Sector | Financial instruments not credit-impaired | 12-month expected credit losses | – 91% to 100% | Fully collateralised | US | Loans and advances to customers | ||
Disclosure of financial assets [line items] | ||
Financial assets and off-balance sheet loan commitments | $ 135 | |
ECL coverage | 0.00% | |
Personal Lending Sector | Financial instruments not credit-impaired | 12-month expected credit losses | – 101% to 110% | Partially collateralised | Loans and advances to customers | ||
Disclosure of financial assets [line items] | ||
Financial assets and off-balance sheet loan commitments | $ 808 | |
ECL coverage | 0.10% | |
Personal Lending Sector | Financial instruments not credit-impaired | 12-month expected credit losses | – 101% to 110% | Partially collateralised | UK | Loans and advances to customers | ||
Disclosure of financial assets [line items] | ||
Financial assets and off-balance sheet loan commitments | $ 334 | |
ECL coverage | 0.00% | |
Personal Lending Sector | Financial instruments not credit-impaired | 12-month expected credit losses | – 101% to 110% | Partially collateralised | Hong Kong | Loans and advances to customers | ||
Disclosure of financial assets [line items] | ||
Financial assets and off-balance sheet loan commitments | $ 256 | |
ECL coverage | 0.00% | |
Personal Lending Sector | Financial instruments not credit-impaired | 12-month expected credit losses | – 101% to 110% | Partially collateralised | US | Loans and advances to customers | ||
Disclosure of financial assets [line items] | ||
Financial assets and off-balance sheet loan commitments | $ 5 | |
ECL coverage | 0.00% | |
Personal Lending Sector | Financial instruments not credit-impaired | 12-month expected credit losses | – 111% to 120% | Partially collateralised | Loans and advances to customers | ||
Disclosure of financial assets [line items] | ||
Financial assets and off-balance sheet loan commitments | $ 184 | |
ECL coverage | 0.20% | |
Personal Lending Sector | Financial instruments not credit-impaired | 12-month expected credit losses | – 111% to 120% | Partially collateralised | UK | Loans and advances to customers | ||
Disclosure of financial assets [line items] | ||
Financial assets and off-balance sheet loan commitments | $ 46 | |
ECL coverage | 0.00% | |
Personal Lending Sector | Financial instruments not credit-impaired | 12-month expected credit losses | – 111% to 120% | Partially collateralised | Hong Kong | Loans and advances to customers | ||
Disclosure of financial assets [line items] | ||
Financial assets and off-balance sheet loan commitments | $ 41 | |
ECL coverage | 0.00% | |
Personal Lending Sector | Financial instruments not credit-impaired | 12-month expected credit losses | – 111% to 120% | Partially collateralised | US | Loans and advances to customers | ||
Disclosure of financial assets [line items] | ||
Financial assets and off-balance sheet loan commitments | $ 2 | |
ECL coverage | 0.00% | |
Personal Lending Sector | Financial instruments not credit-impaired | 12-month expected credit losses | – greater than 120% | Partially collateralised | Loans and advances to customers | ||
Disclosure of financial assets [line items] | ||
Financial assets and off-balance sheet loan commitments | $ 428 | |
ECL coverage | 0.20% | |
Personal Lending Sector | Financial instruments not credit-impaired | 12-month expected credit losses | – greater than 120% | Partially collateralised | UK | Loans and advances to customers | ||
Disclosure of financial assets [line items] | ||
Financial assets and off-balance sheet loan commitments | $ 201 | |
ECL coverage | 0.00% | |
Personal Lending Sector | Financial instruments not credit-impaired | 12-month expected credit losses | – greater than 120% | Partially collateralised | Hong Kong | Loans and advances to customers | ||
Disclosure of financial assets [line items] | ||
Financial assets and off-balance sheet loan commitments | $ 3 | |
ECL coverage | 0.00% | |
Personal Lending Sector | Financial instruments not credit-impaired | 12-month expected credit losses | – greater than 120% | Partially collateralised | US | Loans and advances to customers | ||
Disclosure of financial assets [line items] | ||
Financial assets and off-balance sheet loan commitments | $ 3 | |
ECL coverage | 0.00% | |
Personal Lending Sector | Financial instruments not credit-impaired | Lifetime expected credit losses | Loans and advances to customers | ||
Disclosure of financial assets [line items] | ||
Financial assets and off-balance sheet loan commitments | $ 6,293 | |
Collateral value | $ 118 | |
ECL coverage | 1.00% | |
Personal Lending Sector | Financial instruments not credit-impaired | Lifetime expected credit losses | UK | Loans and advances to customers | ||
Disclosure of financial assets [line items] | ||
Financial assets and off-balance sheet loan commitments | $ 1,280 | |
Collateral value | $ 44 | |
ECL coverage | 1.30% | |
Personal Lending Sector | Financial instruments not credit-impaired | Lifetime expected credit losses | Hong Kong | Loans and advances to customers | ||
Disclosure of financial assets [line items] | ||
Financial assets and off-balance sheet loan commitments | $ 868 | |
Collateral value | $ 1 | |
ECL coverage | 0.00% | |
Personal Lending Sector | Financial instruments not credit-impaired | Lifetime expected credit losses | US | Loans and advances to customers | ||
Disclosure of financial assets [line items] | ||
Financial assets and off-balance sheet loan commitments | $ 1,440 | |
Collateral value | $ 4 | |
ECL coverage | 0.30% | |
Personal Lending Sector | Financial instruments not credit-impaired | Lifetime expected credit losses | Fully collateralised | Loans and advances to customers | ||
Disclosure of financial assets [line items] | ||
Financial assets and off-balance sheet loan commitments | $ 6,170 | |
ECL coverage | 1.00% | |
Personal Lending Sector | Financial instruments not credit-impaired | Lifetime expected credit losses | Fully collateralised | UK | Loans and advances to customers | ||
Disclosure of financial assets [line items] | ||
Financial assets and off-balance sheet loan commitments | $ 1,234 | |
ECL coverage | 1.30% | |
Personal Lending Sector | Financial instruments not credit-impaired | Lifetime expected credit losses | Fully collateralised | Hong Kong | Loans and advances to customers | ||
Disclosure of financial assets [line items] | ||
Financial assets and off-balance sheet loan commitments | $ 867 | |
ECL coverage | 0.00% | |
Personal Lending Sector | Financial instruments not credit-impaired | Lifetime expected credit losses | Fully collateralised | US | Loans and advances to customers | ||
Disclosure of financial assets [line items] | ||
Financial assets and off-balance sheet loan commitments | $ 1,435 | |
ECL coverage | 0.30% | |
Personal Lending Sector | Financial instruments not credit-impaired | Lifetime expected credit losses | Partially collateralised | Loans and advances to customers | ||
Disclosure of financial assets [line items] | ||
Financial assets and off-balance sheet loan commitments | $ 123 | |
ECL coverage | 2.90% | |
Personal Lending Sector | Financial instruments not credit-impaired | Lifetime expected credit losses | Partially collateralised | UK | Loans and advances to customers | ||
Disclosure of financial assets [line items] | ||
Financial assets and off-balance sheet loan commitments | $ 46 | |
ECL coverage | 0.20% | |
Personal Lending Sector | Financial instruments not credit-impaired | Lifetime expected credit losses | Partially collateralised | Hong Kong | Loans and advances to customers | ||
Disclosure of financial assets [line items] | ||
Financial assets and off-balance sheet loan commitments | $ 1 | |
ECL coverage | 0.00% | |
Personal Lending Sector | Financial instruments not credit-impaired | Lifetime expected credit losses | Partially collateralised | US | Loans and advances to customers | ||
Disclosure of financial assets [line items] | ||
Financial assets and off-balance sheet loan commitments | $ 5 | |
ECL coverage | 0.30% | |
Personal Lending Sector | Financial instruments not credit-impaired | Lifetime expected credit losses | – LTV ratio: less than 50% | Fully collateralised | Loans and advances to customers | ||
Disclosure of financial assets [line items] | ||
Financial assets and off-balance sheet loan commitments | $ 3,334 | |
ECL coverage | 0.70% | |
Personal Lending Sector | Financial instruments not credit-impaired | Lifetime expected credit losses | – LTV ratio: less than 50% | Fully collateralised | UK | Loans and advances to customers | ||
Disclosure of financial assets [line items] | ||
Financial assets and off-balance sheet loan commitments | $ 917 | |
ECL coverage | 0.90% | |
Personal Lending Sector | Financial instruments not credit-impaired | Lifetime expected credit losses | – LTV ratio: less than 50% | Fully collateralised | Hong Kong | Loans and advances to customers | ||
Disclosure of financial assets [line items] | ||
Financial assets and off-balance sheet loan commitments | $ 699 | |
ECL coverage | 0.00% | |
Personal Lending Sector | Financial instruments not credit-impaired | Lifetime expected credit losses | – LTV ratio: less than 50% | Fully collateralised | US | Loans and advances to customers | ||
Disclosure of financial assets [line items] | ||
Financial assets and off-balance sheet loan commitments | $ 814 | |
ECL coverage | 0.10% | |
Personal Lending Sector | Financial instruments not credit-impaired | Lifetime expected credit losses | – 51% to 60% | Fully collateralised | Loans and advances to customers | ||
Disclosure of financial assets [line items] | ||
Financial assets and off-balance sheet loan commitments | $ 932 | |
ECL coverage | 1.10% | |
Personal Lending Sector | Financial instruments not credit-impaired | Lifetime expected credit losses | – 51% to 60% | Fully collateralised | UK | Loans and advances to customers | ||
Disclosure of financial assets [line items] | ||
Financial assets and off-balance sheet loan commitments | $ 113 | |
ECL coverage | 3.00% | |
Personal Lending Sector | Financial instruments not credit-impaired | Lifetime expected credit losses | – 51% to 60% | Fully collateralised | Hong Kong | Loans and advances to customers | ||
Disclosure of financial assets [line items] | ||
Financial assets and off-balance sheet loan commitments | $ 74 | |
ECL coverage | 0.00% | |
Personal Lending Sector | Financial instruments not credit-impaired | Lifetime expected credit losses | – 51% to 60% | Fully collateralised | US | Loans and advances to customers | ||
Disclosure of financial assets [line items] | ||
Financial assets and off-balance sheet loan commitments | $ 268 | |
ECL coverage | 0.40% | |
Personal Lending Sector | Financial instruments not credit-impaired | Lifetime expected credit losses | – 61% to 70% | Fully collateralised | Loans and advances to customers | ||
Disclosure of financial assets [line items] | ||
Financial assets and off-balance sheet loan commitments | $ 853 | |
ECL coverage | 1.00% | |
Personal Lending Sector | Financial instruments not credit-impaired | Lifetime expected credit losses | – 61% to 70% | Fully collateralised | UK | Loans and advances to customers | ||
Disclosure of financial assets [line items] | ||
Financial assets and off-balance sheet loan commitments | $ 105 | |
ECL coverage | 2.20% | |
Personal Lending Sector | Financial instruments not credit-impaired | Lifetime expected credit losses | – 61% to 70% | Fully collateralised | Hong Kong | Loans and advances to customers | ||
Disclosure of financial assets [line items] | ||
Financial assets and off-balance sheet loan commitments | $ 43 | |
ECL coverage | 0.00% | |
Personal Lending Sector | Financial instruments not credit-impaired | Lifetime expected credit losses | – 61% to 70% | Fully collateralised | US | Loans and advances to customers | ||
Disclosure of financial assets [line items] | ||
Financial assets and off-balance sheet loan commitments | $ 231 | |
ECL coverage | 0.30% | |
Personal Lending Sector | Financial instruments not credit-impaired | Lifetime expected credit losses | – 71% to 80% | Fully collateralised | Loans and advances to customers | ||
Disclosure of financial assets [line items] | ||
Financial assets and off-balance sheet loan commitments | $ 586 | |
ECL coverage | 1.30% | |
Personal Lending Sector | Financial instruments not credit-impaired | Lifetime expected credit losses | – 71% to 80% | Fully collateralised | UK | Loans and advances to customers | ||
Disclosure of financial assets [line items] | ||
Financial assets and off-balance sheet loan commitments | $ 39 | |
ECL coverage | 3.40% | |
Personal Lending Sector | Financial instruments not credit-impaired | Lifetime expected credit losses | – 71% to 80% | Fully collateralised | Hong Kong | Loans and advances to customers | ||
Disclosure of financial assets [line items] | ||
Financial assets and off-balance sheet loan commitments | $ 28 | |
ECL coverage | 0.00% | |
Personal Lending Sector | Financial instruments not credit-impaired | Lifetime expected credit losses | – 71% to 80% | Fully collateralised | US | Loans and advances to customers | ||
Disclosure of financial assets [line items] | ||
Financial assets and off-balance sheet loan commitments | $ 79 | |
ECL coverage | 0.90% | |
Personal Lending Sector | Financial instruments not credit-impaired | Lifetime expected credit losses | – 81% to 90% | Fully collateralised | Loans and advances to customers | ||
Disclosure of financial assets [line items] | ||
Financial assets and off-balance sheet loan commitments | $ 331 | |
ECL coverage | 1.70% | |
Personal Lending Sector | Financial instruments not credit-impaired | Lifetime expected credit losses | – 81% to 90% | Fully collateralised | UK | Loans and advances to customers | ||
Disclosure of financial assets [line items] | ||
Financial assets and off-balance sheet loan commitments | $ 27 | |
ECL coverage | 3.10% | |
Personal Lending Sector | Financial instruments not credit-impaired | Lifetime expected credit losses | – 81% to 90% | Fully collateralised | Hong Kong | Loans and advances to customers | ||
Disclosure of financial assets [line items] | ||
Financial assets and off-balance sheet loan commitments | $ 20 | |
ECL coverage | 0.00% | |
Personal Lending Sector | Financial instruments not credit-impaired | Lifetime expected credit losses | – 81% to 90% | Fully collateralised | US | Loans and advances to customers | ||
Disclosure of financial assets [line items] | ||
Financial assets and off-balance sheet loan commitments | $ 32 | |
ECL coverage | 1.60% | |
Personal Lending Sector | Financial instruments not credit-impaired | Lifetime expected credit losses | – 91% to 100% | Fully collateralised | Loans and advances to customers | ||
Disclosure of financial assets [line items] | ||
Financial assets and off-balance sheet loan commitments | $ 134 | |
ECL coverage | 2.40% | |
Personal Lending Sector | Financial instruments not credit-impaired | Lifetime expected credit losses | – 91% to 100% | Fully collateralised | UK | Loans and advances to customers | ||
Disclosure of financial assets [line items] | ||
Financial assets and off-balance sheet loan commitments | $ 33 | |
ECL coverage | 1.50% | |
Personal Lending Sector | Financial instruments not credit-impaired | Lifetime expected credit losses | – 91% to 100% | Fully collateralised | Hong Kong | Loans and advances to customers | ||
Disclosure of financial assets [line items] | ||
Financial assets and off-balance sheet loan commitments | $ 3 | |
ECL coverage | 0.00% | |
Personal Lending Sector | Financial instruments not credit-impaired | Lifetime expected credit losses | – 91% to 100% | Fully collateralised | US | Loans and advances to customers | ||
Disclosure of financial assets [line items] | ||
Financial assets and off-balance sheet loan commitments | $ 11 | |
ECL coverage | 0.80% | |
Personal Lending Sector | Financial instruments not credit-impaired | Lifetime expected credit losses | – 101% to 110% | Partially collateralised | Loans and advances to customers | ||
Disclosure of financial assets [line items] | ||
Financial assets and off-balance sheet loan commitments | $ 76 | |
ECL coverage | 1.50% | |
Personal Lending Sector | Financial instruments not credit-impaired | Lifetime expected credit losses | – 101% to 110% | Partially collateralised | UK | Loans and advances to customers | ||
Disclosure of financial assets [line items] | ||
Financial assets and off-balance sheet loan commitments | $ 44 | |
ECL coverage | 0.10% | |
Personal Lending Sector | Financial instruments not credit-impaired | Lifetime expected credit losses | – 101% to 110% | Partially collateralised | Hong Kong | Loans and advances to customers | ||
Disclosure of financial assets [line items] | ||
Financial assets and off-balance sheet loan commitments | $ 1 | |
ECL coverage | 0.00% | |
Personal Lending Sector | Financial instruments not credit-impaired | Lifetime expected credit losses | – 101% to 110% | Partially collateralised | US | Loans and advances to customers | ||
Disclosure of financial assets [line items] | ||
Financial assets and off-balance sheet loan commitments | $ 3 | |
ECL coverage | 0.50% | |
Personal Lending Sector | Financial instruments not credit-impaired | Lifetime expected credit losses | – 111% to 120% | Partially collateralised | Loans and advances to customers | ||
Disclosure of financial assets [line items] | ||
Financial assets and off-balance sheet loan commitments | $ 17 | |
ECL coverage | 4.50% | |
Personal Lending Sector | Financial instruments not credit-impaired | Lifetime expected credit losses | – 111% to 120% | Partially collateralised | UK | Loans and advances to customers | ||
Disclosure of financial assets [line items] | ||
Financial assets and off-balance sheet loan commitments | $ 1 | |
ECL coverage | 4.30% | |
Personal Lending Sector | Financial instruments not credit-impaired | Lifetime expected credit losses | – 111% to 120% | Partially collateralised | Hong Kong | Loans and advances to customers | ||
Disclosure of financial assets [line items] | ||
Financial assets and off-balance sheet loan commitments | $ 0 | |
ECL coverage | 0.00% | |
Personal Lending Sector | Financial instruments not credit-impaired | Lifetime expected credit losses | – 111% to 120% | Partially collateralised | US | Loans and advances to customers | ||
Disclosure of financial assets [line items] | ||
Financial assets and off-balance sheet loan commitments | $ 1 | |
ECL coverage | 0.00% | |
Personal Lending Sector | Financial instruments not credit-impaired | Lifetime expected credit losses | – greater than 120% | Partially collateralised | Loans and advances to customers | ||
Disclosure of financial assets [line items] | ||
Financial assets and off-balance sheet loan commitments | $ 30 | |
ECL coverage | 5.30% | |
Personal Lending Sector | Financial instruments not credit-impaired | Lifetime expected credit losses | – greater than 120% | Partially collateralised | UK | Loans and advances to customers | ||
Disclosure of financial assets [line items] | ||
Financial assets and off-balance sheet loan commitments | $ 1 | |
ECL coverage | 0.60% | |
Personal Lending Sector | Financial instruments not credit-impaired | Lifetime expected credit losses | – greater than 120% | Partially collateralised | Hong Kong | Loans and advances to customers | ||
Disclosure of financial assets [line items] | ||
Financial assets and off-balance sheet loan commitments | $ 0 | |
ECL coverage | 0.00% | |
Personal Lending Sector | Financial instruments not credit-impaired | Lifetime expected credit losses | – greater than 120% | Partially collateralised | US | Loans and advances to customers | ||
Disclosure of financial assets [line items] | ||
Financial assets and off-balance sheet loan commitments | $ 1 | |
ECL coverage | 0.00% | |
Personal Lending Sector | Financial instruments credit-impaired after purchase or origination | Lifetime expected credit losses | Loans and advances to customers | ||
Disclosure of financial assets [line items] | ||
Financial assets and off-balance sheet loan commitments | $ 2,948 | |
Collateral value | $ 372 | |
ECL coverage | 15.10% | |
Personal Lending Sector | Financial instruments credit-impaired after purchase or origination | Lifetime expected credit losses | UK | Loans and advances to customers | ||
Disclosure of financial assets [line items] | ||
Financial assets and off-balance sheet loan commitments | $ 1,046 | |
Collateral value | $ 20 | |
ECL coverage | 11.00% | |
Personal Lending Sector | Financial instruments credit-impaired after purchase or origination | Lifetime expected credit losses | Hong Kong | Loans and advances to customers | ||
Disclosure of financial assets [line items] | ||
Financial assets and off-balance sheet loan commitments | $ 25 | |
Collateral value | $ 0 | |
ECL coverage | 0.90% | |
Personal Lending Sector | Financial instruments credit-impaired after purchase or origination | Lifetime expected credit losses | US | Loans and advances to customers | ||
Disclosure of financial assets [line items] | ||
Financial assets and off-balance sheet loan commitments | $ 695 | |
Collateral value | $ 22 | |
ECL coverage | 1.00% | |
Personal Lending Sector | Financial instruments credit-impaired after purchase or origination | Lifetime expected credit losses | Fully collateralised | Loans and advances to customers | ||
Disclosure of financial assets [line items] | ||
Financial assets and off-balance sheet loan commitments | $ 2,557 | |
ECL coverage | 12.30% | |
Personal Lending Sector | Financial instruments credit-impaired after purchase or origination | Lifetime expected credit losses | Fully collateralised | UK | Loans and advances to customers | ||
Disclosure of financial assets [line items] | ||
Financial assets and off-balance sheet loan commitments | $ 1,023 | |
ECL coverage | 10.90% | |
Personal Lending Sector | Financial instruments credit-impaired after purchase or origination | Lifetime expected credit losses | Fully collateralised | Hong Kong | Loans and advances to customers | ||
Disclosure of financial assets [line items] | ||
Financial assets and off-balance sheet loan commitments | $ 25 | |
ECL coverage | 0.90% | |
Personal Lending Sector | Financial instruments credit-impaired after purchase or origination | Lifetime expected credit losses | Fully collateralised | US | Loans and advances to customers | ||
Disclosure of financial assets [line items] | ||
Financial assets and off-balance sheet loan commitments | $ 671 | |
ECL coverage | 1.00% | |
Personal Lending Sector | Financial instruments credit-impaired after purchase or origination | Lifetime expected credit losses | Partially collateralised | Loans and advances to customers | ||
Disclosure of financial assets [line items] | ||
Financial assets and off-balance sheet loan commitments | $ 391 | |
ECL coverage | 33.60% | |
Personal Lending Sector | Financial instruments credit-impaired after purchase or origination | Lifetime expected credit losses | Partially collateralised | UK | Loans and advances to customers | ||
Disclosure of financial assets [line items] | ||
Financial assets and off-balance sheet loan commitments | $ 23 | |
ECL coverage | 15.80% | |
Personal Lending Sector | Financial instruments credit-impaired after purchase or origination | Lifetime expected credit losses | Partially collateralised | Hong Kong | Loans and advances to customers | ||
Disclosure of financial assets [line items] | ||
Financial assets and off-balance sheet loan commitments | $ 0 | |
ECL coverage | 0.00% | |
Personal Lending Sector | Financial instruments credit-impaired after purchase or origination | Lifetime expected credit losses | Partially collateralised | US | Loans and advances to customers | ||
Disclosure of financial assets [line items] | ||
Financial assets and off-balance sheet loan commitments | $ 24 | |
ECL coverage | 0.40% | |
Personal Lending Sector | Financial instruments credit-impaired after purchase or origination | Lifetime expected credit losses | – LTV ratio: less than 50% | Fully collateralised | Loans and advances to customers | ||
Disclosure of financial assets [line items] | ||
Financial assets and off-balance sheet loan commitments | $ 1,255 | |
ECL coverage | 13.60% | |
Personal Lending Sector | Financial instruments credit-impaired after purchase or origination | Lifetime expected credit losses | – LTV ratio: less than 50% | Fully collateralised | UK | Loans and advances to customers | ||
Disclosure of financial assets [line items] | ||
Financial assets and off-balance sheet loan commitments | $ 638 | |
ECL coverage | 7.80% | |
Personal Lending Sector | Financial instruments credit-impaired after purchase or origination | Lifetime expected credit losses | – LTV ratio: less than 50% | Fully collateralised | Hong Kong | Loans and advances to customers | ||
Disclosure of financial assets [line items] | ||
Financial assets and off-balance sheet loan commitments | $ 24 | |
ECL coverage | 0.90% | |
Personal Lending Sector | Financial instruments credit-impaired after purchase or origination | Lifetime expected credit losses | – LTV ratio: less than 50% | Fully collateralised | US | Loans and advances to customers | ||
Disclosure of financial assets [line items] | ||
Financial assets and off-balance sheet loan commitments | $ 219 | |
ECL coverage | 0.90% | |
Personal Lending Sector | Financial instruments credit-impaired after purchase or origination | Lifetime expected credit losses | – 51% to 60% | Fully collateralised | Loans and advances to customers | ||
Disclosure of financial assets [line items] | ||
Financial assets and off-balance sheet loan commitments | $ 359 | |
ECL coverage | 8.30% | |
Personal Lending Sector | Financial instruments credit-impaired after purchase or origination | Lifetime expected credit losses | – 51% to 60% | Fully collateralised | UK | Loans and advances to customers | ||
Disclosure of financial assets [line items] | ||
Financial assets and off-balance sheet loan commitments | $ 151 | |
ECL coverage | 11.30% | |
Personal Lending Sector | Financial instruments credit-impaired after purchase or origination | Lifetime expected credit losses | – 51% to 60% | Fully collateralised | Hong Kong | Loans and advances to customers | ||
Disclosure of financial assets [line items] | ||
Financial assets and off-balance sheet loan commitments | $ 1 | |
ECL coverage | 0.00% | |
Personal Lending Sector | Financial instruments credit-impaired after purchase or origination | Lifetime expected credit losses | – 51% to 60% | Fully collateralised | US | Loans and advances to customers | ||
Disclosure of financial assets [line items] | ||
Financial assets and off-balance sheet loan commitments | $ 107 | |
ECL coverage | 0.90% | |
Personal Lending Sector | Financial instruments credit-impaired after purchase or origination | Lifetime expected credit losses | – 61% to 70% | Fully collateralised | Loans and advances to customers | ||
Disclosure of financial assets [line items] | ||
Financial assets and off-balance sheet loan commitments | $ 336 | |
ECL coverage | 12.00% | |
Personal Lending Sector | Financial instruments credit-impaired after purchase or origination | Lifetime expected credit losses | – 61% to 70% | Fully collateralised | UK | Loans and advances to customers | ||
Disclosure of financial assets [line items] | ||
Financial assets and off-balance sheet loan commitments | $ 119 | |
ECL coverage | 18.40% | |
Personal Lending Sector | Financial instruments credit-impaired after purchase or origination | Lifetime expected credit losses | – 61% to 70% | Fully collateralised | Hong Kong | Loans and advances to customers | ||
Disclosure of financial assets [line items] | ||
Financial assets and off-balance sheet loan commitments | $ 0 | |
ECL coverage | 0.00% | |
Personal Lending Sector | Financial instruments credit-impaired after purchase or origination | Lifetime expected credit losses | – 61% to 70% | Fully collateralised | US | Loans and advances to customers | ||
Disclosure of financial assets [line items] | ||
Financial assets and off-balance sheet loan commitments | $ 105 | |
ECL coverage | 1.00% | |
Personal Lending Sector | Financial instruments credit-impaired after purchase or origination | Lifetime expected credit losses | – 71% to 80% | Fully collateralised | Loans and advances to customers | ||
Disclosure of financial assets [line items] | ||
Financial assets and off-balance sheet loan commitments | $ 280 | |
ECL coverage | 9.90% | |
Personal Lending Sector | Financial instruments credit-impaired after purchase or origination | Lifetime expected credit losses | – 71% to 80% | Fully collateralised | UK | Loans and advances to customers | ||
Disclosure of financial assets [line items] | ||
Financial assets and off-balance sheet loan commitments | $ 70 | |
ECL coverage | 14.80% | |
Personal Lending Sector | Financial instruments credit-impaired after purchase or origination | Lifetime expected credit losses | – 71% to 80% | Fully collateralised | Hong Kong | Loans and advances to customers | ||
Disclosure of financial assets [line items] | ||
Financial assets and off-balance sheet loan commitments | $ 0 | |
ECL coverage | 0.00% | |
Personal Lending Sector | Financial instruments credit-impaired after purchase or origination | Lifetime expected credit losses | – 71% to 80% | Fully collateralised | US | Loans and advances to customers | ||
Disclosure of financial assets [line items] | ||
Financial assets and off-balance sheet loan commitments | $ 114 | |
ECL coverage | 0.90% | |
Personal Lending Sector | Financial instruments credit-impaired after purchase or origination | Lifetime expected credit losses | – 81% to 90% | Fully collateralised | Loans and advances to customers | ||
Disclosure of financial assets [line items] | ||
Financial assets and off-balance sheet loan commitments | $ 190 | |
ECL coverage | 9.40% | |
Personal Lending Sector | Financial instruments credit-impaired after purchase or origination | Lifetime expected credit losses | – 81% to 90% | Fully collateralised | UK | Loans and advances to customers | ||
Disclosure of financial assets [line items] | ||
Financial assets and off-balance sheet loan commitments | $ 33 | |
ECL coverage | 19.40% | |
Personal Lending Sector | Financial instruments credit-impaired after purchase or origination | Lifetime expected credit losses | – 81% to 90% | Fully collateralised | Hong Kong | Loans and advances to customers | ||
Disclosure of financial assets [line items] | ||
Financial assets and off-balance sheet loan commitments | $ 0 | |
ECL coverage | 0.00% | |
Personal Lending Sector | Financial instruments credit-impaired after purchase or origination | Lifetime expected credit losses | – 81% to 90% | Fully collateralised | US | Loans and advances to customers | ||
Disclosure of financial assets [line items] | ||
Financial assets and off-balance sheet loan commitments | $ 81 | |
ECL coverage | 1.20% | |
Personal Lending Sector | Financial instruments credit-impaired after purchase or origination | Lifetime expected credit losses | – 91% to 100% | Fully collateralised | Loans and advances to customers | ||
Disclosure of financial assets [line items] | ||
Financial assets and off-balance sheet loan commitments | $ 137 | |
ECL coverage | 19.80% | |
Personal Lending Sector | Financial instruments credit-impaired after purchase or origination | Lifetime expected credit losses | – 91% to 100% | Fully collateralised | UK | Loans and advances to customers | ||
Disclosure of financial assets [line items] | ||
Financial assets and off-balance sheet loan commitments | $ 12 | |
ECL coverage | 45.90% | |
Personal Lending Sector | Financial instruments credit-impaired after purchase or origination | Lifetime expected credit losses | – 91% to 100% | Fully collateralised | Hong Kong | Loans and advances to customers | ||
Disclosure of financial assets [line items] | ||
Financial assets and off-balance sheet loan commitments | $ 0 | |
ECL coverage | 0.00% | |
Personal Lending Sector | Financial instruments credit-impaired after purchase or origination | Lifetime expected credit losses | – 91% to 100% | Fully collateralised | US | Loans and advances to customers | ||
Disclosure of financial assets [line items] | ||
Financial assets and off-balance sheet loan commitments | $ 45 | |
ECL coverage | 2.20% | |
Personal Lending Sector | Financial instruments credit-impaired after purchase or origination | Lifetime expected credit losses | – 101% to 110% | Partially collateralised | Loans and advances to customers | ||
Disclosure of financial assets [line items] | ||
Financial assets and off-balance sheet loan commitments | $ 73 | |
ECL coverage | 17.40% | |
Personal Lending Sector | Financial instruments credit-impaired after purchase or origination | Lifetime expected credit losses | – 101% to 110% | Partially collateralised | UK | Loans and advances to customers | ||
Disclosure of financial assets [line items] | ||
Financial assets and off-balance sheet loan commitments | $ 10 | |
ECL coverage | 14.30% | |
Personal Lending Sector | Financial instruments credit-impaired after purchase or origination | Lifetime expected credit losses | – 101% to 110% | Partially collateralised | Hong Kong | Loans and advances to customers | ||
Disclosure of financial assets [line items] | ||
Financial assets and off-balance sheet loan commitments | $ 0 | |
ECL coverage | 0.00% | |
Personal Lending Sector | Financial instruments credit-impaired after purchase or origination | Lifetime expected credit losses | – 101% to 110% | Partially collateralised | US | Loans and advances to customers | ||
Disclosure of financial assets [line items] | ||
Financial assets and off-balance sheet loan commitments | $ 14 | |
ECL coverage | 0.60% | |
Personal Lending Sector | Financial instruments credit-impaired after purchase or origination | Lifetime expected credit losses | – 111% to 120% | Partially collateralised | Loans and advances to customers | ||
Disclosure of financial assets [line items] | ||
Financial assets and off-balance sheet loan commitments | $ 68 | |
ECL coverage | 24.20% | |
Personal Lending Sector | Financial instruments credit-impaired after purchase or origination | Lifetime expected credit losses | – 111% to 120% | Partially collateralised | UK | Loans and advances to customers | ||
Disclosure of financial assets [line items] | ||
Financial assets and off-balance sheet loan commitments | $ 5 | |
ECL coverage | 26.40% | |
Personal Lending Sector | Financial instruments credit-impaired after purchase or origination | Lifetime expected credit losses | – 111% to 120% | Partially collateralised | Hong Kong | Loans and advances to customers | ||
Disclosure of financial assets [line items] | ||
Financial assets and off-balance sheet loan commitments | $ 0 | |
ECL coverage | 0.00% | |
Personal Lending Sector | Financial instruments credit-impaired after purchase or origination | Lifetime expected credit losses | – 111% to 120% | Partially collateralised | US | Loans and advances to customers | ||
Disclosure of financial assets [line items] | ||
Financial assets and off-balance sheet loan commitments | $ 6 | |
ECL coverage | 0.30% | |
Personal Lending Sector | Financial instruments credit-impaired after purchase or origination | Lifetime expected credit losses | – greater than 120% | Partially collateralised | Loans and advances to customers | ||
Disclosure of financial assets [line items] | ||
Financial assets and off-balance sheet loan commitments | $ 250 | |
ECL coverage | 40.80% | |
Personal Lending Sector | Financial instruments credit-impaired after purchase or origination | Lifetime expected credit losses | – greater than 120% | Partially collateralised | UK | Loans and advances to customers | ||
Disclosure of financial assets [line items] | ||
Financial assets and off-balance sheet loan commitments | $ 8 | |
ECL coverage | 11.10% | |
Personal Lending Sector | Financial instruments credit-impaired after purchase or origination | Lifetime expected credit losses | – greater than 120% | Partially collateralised | Hong Kong | Loans and advances to customers | ||
Disclosure of financial assets [line items] | ||
Financial assets and off-balance sheet loan commitments | $ 0 | |
ECL coverage | 0.00% | |
Personal Lending Sector | Financial instruments credit-impaired after purchase or origination | Lifetime expected credit losses | – greater than 120% | Partially collateralised | US | Loans and advances to customers | ||
Disclosure of financial assets [line items] | ||
Financial assets and off-balance sheet loan commitments | $ 4 | |
ECL coverage | 0.20% |
Report Of The Directors Fina_19
Report Of The Directors Financial Review Risk Report - HSBC Holdings (Details) - USD ($) $ in Millions | 12 Months Ended | |
Dec. 31, 2018 | Dec. 31, 2017 | |
Derivatives | ||
Disclosure of offsetting of financial assets [line items] | ||
Amounts offset | $ (49,711) | $ (110,425) |
HSBC Holdings | ||
Disclosure of offsetting of financial assets [line items] | ||
Percentage of credit risk exposure being neither past due nor impaired | 100.00% | 100.00% |
HSBC Holdings | Derivatives | ||
Disclosure of offsetting of financial assets [line items] | ||
Amounts offset | $ 1,500 | $ 2,100 |
Report Of The Directors Fina_20
Report Of The Directors Financial Review Risk Report - Securitisation exposures and other structured products (Details) - USD ($) $ in Millions | 12 Months Ended | |
Dec. 31, 2018 | Dec. 31, 2017 | |
Disclosure of financial assets [line items] | ||
Financial assets | $ 2,471,203 | $ 2,433,785 |
Trading | ||
Disclosure of financial assets [line items] | ||
Financial assets | 238,130 | 287,995 |
Financial assets at amortised cost, category | ||
Disclosure of financial assets [line items] | ||
Financial assets | 62,666 | |
Financial assets designated and otherwise mandatorily measured at fair value through profit or loss | ||
Disclosure of financial assets [line items] | ||
Financial assets | 2,349 | 29,464 |
Asset-backed securities | ||
Disclosure of financial assets [line items] | ||
Available-for-sale reserve | (179) | (466) |
Impairment write-back | 106 | 240 |
Asset-backed securities | Trading | ||
Disclosure of financial assets [line items] | ||
Financial assets | 3,351 | 2,986 |
Asset-backed securities | Financial assets designated and otherwise mandatorily measured at fair value through profit or loss | ||
Disclosure of financial assets [line items] | ||
Financial assets | 0 | 2 |
GB & M Legacy Credit Portfolio | Asset-backed securities | ||
Disclosure of financial assets [line items] | ||
Financial assets | 6,000 | $ 9,000 |
Carrying amount | Asset-backed securities | ||
Disclosure of financial assets [line items] | ||
Financial assets | 42,102 | |
Carrying amount | Asset-backed securities | Of which held through consolidated SEs | ||
Disclosure of financial assets [line items] | ||
Financial assets | 2,412 | |
Carrying amount | Asset-backed securities | Mortgage-related assets | ||
Disclosure of financial assets [line items] | ||
Financial assets | 32,727 | |
Carrying amount | Asset-backed securities | Mortgage-related assets | Of which held through consolidated SEs | ||
Disclosure of financial assets [line items] | ||
Financial assets | 208 | |
Carrying amount | Asset-backed securities | Mortgage-related assets - sub-prime residential | ||
Disclosure of financial assets [line items] | ||
Financial assets | 604 | |
Carrying amount | Asset-backed securities | Mortgage-related assets - sub-prime residential | Of which held through consolidated SEs | ||
Disclosure of financial assets [line items] | ||
Financial assets | 50 | |
Carrying amount | Asset-backed securities | Mortgage-related assets - US Alt-A residential | ||
Disclosure of financial assets [line items] | ||
Financial assets | 183 | |
Carrying amount | Asset-backed securities | Mortgage-related assets - US Alt-A residential | Of which held through consolidated SEs | ||
Disclosure of financial assets [line items] | ||
Financial assets | 42 | |
Carrying amount | Asset-backed securities | Mortgage-related assets - US Government agency and sponsored enterprises: MBSs | ||
Disclosure of financial assets [line items] | ||
Financial assets | 29,437 | |
Carrying amount | Asset-backed securities | Mortgage-related assets - US Government agency and sponsored enterprises: MBSs | Of which held through consolidated SEs | ||
Disclosure of financial assets [line items] | ||
Financial assets | 0 | |
Carrying amount | Asset-backed securities | Mortgage-related assets, UK buy-to-let residential | ||
Disclosure of financial assets [line items] | ||
Financial assets | 0 | |
Carrying amount | Asset-backed securities | Mortgage-related assets, UK buy-to-let residential | Of which held through consolidated SEs | ||
Disclosure of financial assets [line items] | ||
Financial assets | 0 | |
Carrying amount | Asset-backed securities | Mortgage-related assets - other residential | ||
Disclosure of financial assets [line items] | ||
Financial assets | 1,719 | |
Carrying amount | Asset-backed securities | Mortgage-related assets - other residential | Of which held through consolidated SEs | ||
Disclosure of financial assets [line items] | ||
Financial assets | 10 | |
Carrying amount | Asset-backed securities | Mortgage-related assets - commercial property | ||
Disclosure of financial assets [line items] | ||
Financial assets | 784 | |
Carrying amount | Asset-backed securities | Mortgage-related assets - commercial property | Of which held through consolidated SEs | ||
Disclosure of financial assets [line items] | ||
Financial assets | 106 | |
Carrying amount | Asset-backed securities | Leveraged finance-related assets | ||
Disclosure of financial assets [line items] | ||
Financial assets | 367 | |
Carrying amount | Asset-backed securities | Leveraged finance-related assets | Of which held through consolidated SEs | ||
Disclosure of financial assets [line items] | ||
Financial assets | 200 | |
Carrying amount | Asset-backed securities | Student loan-related assets | ||
Disclosure of financial assets [line items] | ||
Financial assets | 1,965 | |
Carrying amount | Asset-backed securities | Student loan-related assets | Of which held through consolidated SEs | ||
Disclosure of financial assets [line items] | ||
Financial assets | 1,800 | |
Carrying amount | Asset-backed securities | Auto finance-related assets | ||
Disclosure of financial assets [line items] | ||
Financial assets | 2,859 | |
Carrying amount | Asset-backed securities | Auto finance-related assets | Of which held through consolidated SEs | ||
Disclosure of financial assets [line items] | ||
Financial assets | 0 | |
Carrying amount | Asset-backed securities | Other assets | ||
Disclosure of financial assets [line items] | ||
Financial assets | 4,184 | |
Carrying amount | Asset-backed securities | Other assets | Of which held through consolidated SEs | ||
Disclosure of financial assets [line items] | ||
Financial assets | 204 | |
Carrying amount | Asset-backed securities | Trading | ||
Disclosure of financial assets [line items] | ||
Financial assets | 3,553 | |
Carrying amount | Asset-backed securities | Trading | Mortgage-related assets | ||
Disclosure of financial assets [line items] | ||
Financial assets | 1,680 | |
Carrying amount | Asset-backed securities | Trading | Mortgage-related assets - sub-prime residential | ||
Disclosure of financial assets [line items] | ||
Financial assets | 17 | |
Carrying amount | Asset-backed securities | Trading | Mortgage-related assets - US Alt-A residential | ||
Disclosure of financial assets [line items] | ||
Financial assets | 0 | |
Carrying amount | Asset-backed securities | Trading | Mortgage-related assets - US Government agency and sponsored enterprises: MBSs | ||
Disclosure of financial assets [line items] | ||
Financial assets | 153 | |
Carrying amount | Asset-backed securities | Trading | Mortgage-related assets, UK buy-to-let residential | ||
Disclosure of financial assets [line items] | ||
Financial assets | 0 | |
Carrying amount | Asset-backed securities | Trading | Mortgage-related assets - other residential | ||
Disclosure of financial assets [line items] | ||
Financial assets | 924 | |
Carrying amount | Asset-backed securities | Trading | Mortgage-related assets - commercial property | ||
Disclosure of financial assets [line items] | ||
Financial assets | 586 | |
Carrying amount | Asset-backed securities | Trading | Leveraged finance-related assets | ||
Disclosure of financial assets [line items] | ||
Financial assets | 306 | |
Carrying amount | Asset-backed securities | Trading | Student loan-related assets | ||
Disclosure of financial assets [line items] | ||
Financial assets | 149 | |
Carrying amount | Asset-backed securities | Trading | Auto finance-related assets | ||
Disclosure of financial assets [line items] | ||
Financial assets | 282 | |
Carrying amount | Asset-backed securities | Trading | Other assets | ||
Disclosure of financial assets [line items] | ||
Financial assets | 1,136 | |
Carrying amount | Asset-backed securities | Financial assets measured at fair value through other comprehensive income, category | ||
Disclosure of financial assets [line items] | ||
Financial assets | 17,995 | |
Carrying amount | Asset-backed securities | Financial assets measured at fair value through other comprehensive income, category | Mortgage-related assets | ||
Disclosure of financial assets [line items] | ||
Financial assets | 15,422 | |
Carrying amount | Asset-backed securities | Financial assets measured at fair value through other comprehensive income, category | Mortgage-related assets - sub-prime residential | ||
Disclosure of financial assets [line items] | ||
Financial assets | 587 | |
Carrying amount | Asset-backed securities | Financial assets measured at fair value through other comprehensive income, category | Mortgage-related assets - US Alt-A residential | ||
Disclosure of financial assets [line items] | ||
Financial assets | 87 | |
Carrying amount | Asset-backed securities | Financial assets measured at fair value through other comprehensive income, category | Mortgage-related assets - US Government agency and sponsored enterprises: MBSs | ||
Disclosure of financial assets [line items] | ||
Financial assets | 14,627 | |
Carrying amount | Asset-backed securities | Financial assets measured at fair value through other comprehensive income, category | Mortgage-related assets, UK buy-to-let residential | ||
Disclosure of financial assets [line items] | ||
Financial assets | 0 | |
Carrying amount | Asset-backed securities | Financial assets measured at fair value through other comprehensive income, category | Mortgage-related assets - other residential | ||
Disclosure of financial assets [line items] | ||
Financial assets | 15 | |
Carrying amount | Asset-backed securities | Financial assets measured at fair value through other comprehensive income, category | Mortgage-related assets - commercial property | ||
Disclosure of financial assets [line items] | ||
Financial assets | 106 | |
Carrying amount | Asset-backed securities | Financial assets measured at fair value through other comprehensive income, category | Leveraged finance-related assets | ||
Disclosure of financial assets [line items] | ||
Financial assets | 40 | |
Carrying amount | Asset-backed securities | Financial assets measured at fair value through other comprehensive income, category | Student loan-related assets | ||
Disclosure of financial assets [line items] | ||
Financial assets | 1,815 | |
Carrying amount | Asset-backed securities | Financial assets measured at fair value through other comprehensive income, category | Auto finance-related assets | ||
Disclosure of financial assets [line items] | ||
Financial assets | 0 | |
Carrying amount | Asset-backed securities | Financial assets measured at fair value through other comprehensive income, category | Other assets | ||
Disclosure of financial assets [line items] | ||
Financial assets | 718 | |
Carrying amount | Asset-backed securities | Financial assets at amortised cost, category | ||
Disclosure of financial assets [line items] | ||
Financial assets | 20,398 | |
Carrying amount | Asset-backed securities | Financial assets at amortised cost, category | Mortgage-related assets | ||
Disclosure of financial assets [line items] | ||
Financial assets | 15,498 | |
Carrying amount | Asset-backed securities | Financial assets at amortised cost, category | Mortgage-related assets - sub-prime residential | ||
Disclosure of financial assets [line items] | ||
Financial assets | 0 | |
Carrying amount | Asset-backed securities | Financial assets at amortised cost, category | Mortgage-related assets - US Alt-A residential | ||
Disclosure of financial assets [line items] | ||
Financial assets | 2 | |
Carrying amount | Asset-backed securities | Financial assets at amortised cost, category | Mortgage-related assets - US Government agency and sponsored enterprises: MBSs | ||
Disclosure of financial assets [line items] | ||
Financial assets | 14,657 | |
Carrying amount | Asset-backed securities | Financial assets at amortised cost, category | Mortgage-related assets, UK buy-to-let residential | ||
Disclosure of financial assets [line items] | ||
Financial assets | 0 | |
Carrying amount | Asset-backed securities | Financial assets at amortised cost, category | Mortgage-related assets - other residential | ||
Disclosure of financial assets [line items] | ||
Financial assets | 780 | |
Carrying amount | Asset-backed securities | Financial assets at amortised cost, category | Mortgage-related assets - commercial property | ||
Disclosure of financial assets [line items] | ||
Financial assets | 59 | |
Carrying amount | Asset-backed securities | Financial assets at amortised cost, category | Leveraged finance-related assets | ||
Disclosure of financial assets [line items] | ||
Financial assets | 0 | |
Carrying amount | Asset-backed securities | Financial assets at amortised cost, category | Student loan-related assets | ||
Disclosure of financial assets [line items] | ||
Financial assets | 0 | |
Carrying amount | Asset-backed securities | Financial assets at amortised cost, category | Auto finance-related assets | ||
Disclosure of financial assets [line items] | ||
Financial assets | 2,577 | |
Carrying amount | Asset-backed securities | Financial assets at amortised cost, category | Other assets | ||
Disclosure of financial assets [line items] | ||
Financial assets | 2,323 | |
Carrying amount | Asset-backed securities | Financial assets designated and otherwise mandatorily measured at fair value through profit or loss | ||
Disclosure of financial assets [line items] | ||
Financial assets | 156 | |
Carrying amount | Asset-backed securities | Financial assets designated and otherwise mandatorily measured at fair value through profit or loss | Mortgage-related assets | ||
Disclosure of financial assets [line items] | ||
Financial assets | 127 | |
Carrying amount | Asset-backed securities | Financial assets designated and otherwise mandatorily measured at fair value through profit or loss | Mortgage-related assets - sub-prime residential | ||
Disclosure of financial assets [line items] | ||
Financial assets | 0 | |
Carrying amount | Asset-backed securities | Financial assets designated and otherwise mandatorily measured at fair value through profit or loss | Mortgage-related assets - US Alt-A residential | ||
Disclosure of financial assets [line items] | ||
Financial assets | 94 | |
Carrying amount | Asset-backed securities | Financial assets designated and otherwise mandatorily measured at fair value through profit or loss | Mortgage-related assets - US Government agency and sponsored enterprises: MBSs | ||
Disclosure of financial assets [line items] | ||
Financial assets | 0 | |
Carrying amount | Asset-backed securities | Financial assets designated and otherwise mandatorily measured at fair value through profit or loss | Mortgage-related assets, UK buy-to-let residential | ||
Disclosure of financial assets [line items] | ||
Financial assets | 0 | |
Carrying amount | Asset-backed securities | Financial assets designated and otherwise mandatorily measured at fair value through profit or loss | Mortgage-related assets - other residential | ||
Disclosure of financial assets [line items] | ||
Financial assets | 0 | |
Carrying amount | Asset-backed securities | Financial assets designated and otherwise mandatorily measured at fair value through profit or loss | Mortgage-related assets - commercial property | ||
Disclosure of financial assets [line items] | ||
Financial assets | 33 | |
Carrying amount | Asset-backed securities | Financial assets designated and otherwise mandatorily measured at fair value through profit or loss | Leveraged finance-related assets | ||
Disclosure of financial assets [line items] | ||
Financial assets | 21 | |
Carrying amount | Asset-backed securities | Financial assets designated and otherwise mandatorily measured at fair value through profit or loss | Student loan-related assets | ||
Disclosure of financial assets [line items] | ||
Financial assets | 1 | |
Carrying amount | Asset-backed securities | Financial assets designated and otherwise mandatorily measured at fair value through profit or loss | Auto finance-related assets | ||
Disclosure of financial assets [line items] | ||
Financial assets | 0 | |
Carrying amount | Asset-backed securities | Financial assets designated and otherwise mandatorily measured at fair value through profit or loss | Other assets | ||
Disclosure of financial assets [line items] | ||
Financial assets | $ 7 |
Report Of The Directors Fina_21
Report Of The Directors Financial Review Risk Report - Maximum exposure to credit risk - 2017 (Details) - USD ($) $ in Millions | Dec. 31, 2018 | Dec. 31, 2017 |
Disclosure of detailed information about financial instruments [line items] | ||
Maximum exposure | $ 2,722,039 | $ 3,077,500 |
Offset | (245,628) | (244,240) |
Net | 2,476,411 | 2,833,260 |
On Balance Sheet Risk | ||
Disclosure of detailed information about financial instruments [line items] | ||
Maximum exposure | 1,847,288 | 2,305,592 |
Offset | (245,628) | (244,240) |
Net | 1,601,660 | 2,061,352 |
On Balance Sheet Risk | Derivatives | ||
Disclosure of detailed information about financial instruments [line items] | ||
Maximum exposure | 207,825 | 219,818 |
Offset | (194,306) | (204,829) |
Net | 13,519 | 14,989 |
On Balance Sheet Risk | Loans and advances to customers | ||
Disclosure of detailed information about financial instruments [line items] | ||
Maximum exposure | 981,696 | 962,964 |
Offset | (29,534) | (35,414) |
Net | 952,162 | 927,550 |
On Balance Sheet Risk | Loans and advances to banks | ||
Disclosure of detailed information about financial instruments [line items] | ||
Maximum exposure | 72,167 | 90,393 |
Offset | 0 | (273) |
Net | 72,167 | 90,120 |
On Balance Sheet Risk | Reverse repurchase agreements – non-trading | ||
Disclosure of detailed information about financial instruments [line items] | ||
Maximum exposure | 242,804 | 201,553 |
Offset | (21,788) | (3,724) |
Net | 221,016 | 197,829 |
On Balance Sheet Risk | – personal | Loans and advances to customers | ||
Disclosure of detailed information about financial instruments [line items] | ||
Maximum exposure | 391,390 | 374,762 |
Offset | (3,679) | (2,946) |
Net | 387,711 | 371,816 |
On Balance Sheet Risk | – corporate and commercial | Loans and advances to customers | ||
Disclosure of detailed information about financial instruments [line items] | ||
Maximum exposure | 529,025 | 516,754 |
Offset | (23,421) | (29,459) |
Net | 505,604 | 487,295 |
On Balance Sheet Risk | – non-bank financial institutions | Loans and advances to customers | ||
Disclosure of detailed information about financial instruments [line items] | ||
Maximum exposure | 71,448 | |
Offset | (3,009) | |
Net | 68,439 | |
Off Balance Sheet Risk | ||
Disclosure of detailed information about financial instruments [line items] | ||
Maximum exposure | 874,751 | 771,908 |
Offset | 0 | 0 |
Net | 874,751 | 771,908 |
Off Balance Sheet Risk | Financial guarantees | ||
Disclosure of detailed information about financial instruments [line items] | ||
Maximum exposure | 41,422 | |
Offset | 0 | |
Net | 41,422 | |
Off Balance Sheet Risk | Loan and other credit-related commitments | ||
Disclosure of detailed information about financial instruments [line items] | ||
Maximum exposure | 779,941 | 730,486 |
Offset | 0 | 0 |
Net | $ 779,941 | $ 730,486 |
Report Of The Directors Fina_22
Report Of The Directors Financial Review Risk Report - Distributions of financial instruments by credit quality - 2017 (Details) - USD ($) $ in Millions | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | $ 2,471,203 | $ 2,433,785 | |
Past due but not impaired | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 8,716 | ||
Cash and balances at central banks | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 180,624 | ||
Cash and balances at central banks | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 180,624 | ||
Items in the course of collection from other banks | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 6,628 | ||
Items in the course of collection from other banks | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 6,628 | ||
Hong Kong Government certificates of indebtedness | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 34,186 | ||
Hong Kong Government certificates of indebtedness | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 34,186 | ||
Debt securities | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 62,666 | 52,919 | |
Loans and advances to banks | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 72,167 | 90,393 | |
Loans and advances to customers | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 981,696 | 962,964 | |
Loans and advances to customers | Neither past due nor impaired | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 973,590 | 953,003 | |
Loans and advances to customers | Impaired | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 8,106 | 9,961 | |
Derivatives | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 207,825 | 219,818 | |
Derivatives | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 207,825 | 219,818 | |
Derivatives | Allowance for ECL | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 0 | ||
Reverse repurchase agreements - non-trading | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 201,553 | ||
Reverse repurchase agreements - non-trading | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 201,553 | ||
Reverse repurchase agreements - non-trading | Allowance for ECL | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 0 | ||
Reverse repurchase agreements - non-trading | Past due but not impaired | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 0 | ||
Reverse repurchase agreements - non-trading | Impaired | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 0 | ||
Financial investments | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 385,159 | ||
Financial investments | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 385,159 | ||
Financial investments | Past due but not impaired | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 0 | ||
Financial investments | Impaired | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 728 | ||
Other assets | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 30,828 | ||
Other assets | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 30,876 | ||
Other assets | Allowance for ECL | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | (48) | ||
Other assets | Past due but not impaired | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 107 | ||
Other assets | Impaired | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 143 | ||
– endorsements and acceptances | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 9,750 | ||
– endorsements and acceptances | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 9,750 | ||
– endorsements and acceptances | Past due but not impaired | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 15 | ||
– endorsements and acceptances | Impaired | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 31 | ||
– accrued income and other | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 20,644 | ||
– accrued income and other | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 20,644 | ||
– accrued income and other | Past due but not impaired | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 91 | ||
– accrued income and other | Impaired | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 56 | ||
Assets held for sale | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 0 | 434 | |
Assets held for sale | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 0 | 482 | |
Assets held for sale | Allowance for ECL | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 0 | (48) | |
Assets held for sale | Past due but not impaired | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 1 | ||
Assets held for sale | Impaired | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 56 | ||
Strong | Cash and balances at central banks | Neither past due nor impaired | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 179,155 | ||
Strong | Items in the course of collection from other banks | Neither past due nor impaired | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 6,322 | ||
Strong | Hong Kong Government certificates of indebtedness | Neither past due nor impaired | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 34,186 | ||
Strong | Derivatives | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 169,121 | ||
Strong | Derivatives | Neither past due nor impaired | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 181,195 | ||
Strong | Reverse repurchase agreements - non-trading | Neither past due nor impaired | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 143,154 | ||
Strong | Financial investments | Neither past due nor impaired | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 356,065 | ||
Strong | Other assets | Neither past due nor impaired | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 12,714 | ||
Strong | – endorsements and acceptances | Neither past due nor impaired | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 1,430 | ||
Strong | – accrued income and other | Neither past due nor impaired | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 11,175 | ||
Strong | Assets held for sale | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 0 | ||
Strong | Assets held for sale | Neither past due nor impaired | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 109 | ||
Good | Cash and balances at central banks | Neither past due nor impaired | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 1,043 | ||
Good | Items in the course of collection from other banks | Neither past due nor impaired | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 29 | ||
Good | Hong Kong Government certificates of indebtedness | Neither past due nor impaired | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 0 | ||
Good | Derivatives | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 31,225 | ||
Good | Derivatives | Neither past due nor impaired | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 31,827 | ||
Good | Reverse repurchase agreements - non-trading | Neither past due nor impaired | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 32,321 | ||
Good | Financial investments | Neither past due nor impaired | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 10,463 | ||
Good | Other assets | Neither past due nor impaired | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 6,526 | ||
Good | – endorsements and acceptances | Neither past due nor impaired | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 4,636 | ||
Good | – accrued income and other | Neither past due nor impaired | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 1,837 | ||
Good | Assets held for sale | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 0 | ||
Good | Assets held for sale | Neither past due nor impaired | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 53 | ||
Satisfactory | Cash and balances at central banks | Neither past due nor impaired | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 407 | ||
Satisfactory | Items in the course of collection from other banks | Neither past due nor impaired | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 273 | ||
Satisfactory | Hong Kong Government certificates of indebtedness | Neither past due nor impaired | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 0 | ||
Satisfactory | Derivatives | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 6,813 | ||
Satisfactory | Derivatives | Neither past due nor impaired | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 5,874 | ||
Satisfactory | Reverse repurchase agreements - non-trading | Neither past due nor impaired | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 25,636 | ||
Satisfactory | Financial investments | Neither past due nor impaired | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 15,017 | ||
Satisfactory | Other assets | Neither past due nor impaired | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 10,705 | ||
Satisfactory | – endorsements and acceptances | Neither past due nor impaired | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 3,455 | ||
Satisfactory | – accrued income and other | Neither past due nor impaired | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 7,124 | ||
Satisfactory | Assets held for sale | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 0 | ||
Satisfactory | Assets held for sale | Neither past due nor impaired | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 126 | ||
Sub- standard | Cash and balances at central banks | Neither past due nor impaired | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 19 | ||
Sub- standard | Items in the course of collection from other banks | Neither past due nor impaired | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 4 | ||
Sub- standard | Hong Kong Government certificates of indebtedness | Neither past due nor impaired | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 0 | ||
Sub- standard | Derivatives | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 625 | ||
Sub- standard | Derivatives | Neither past due nor impaired | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 922 | ||
Sub- standard | Reverse repurchase agreements - non-trading | Neither past due nor impaired | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 442 | ||
Sub- standard | Financial investments | Neither past due nor impaired | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 2,886 | ||
Sub- standard | Other assets | Neither past due nor impaired | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 681 | ||
Sub- standard | – endorsements and acceptances | Neither past due nor impaired | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 183 | ||
Sub- standard | – accrued income and other | Neither past due nor impaired | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 361 | ||
Sub- standard | Assets held for sale | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 0 | ||
Sub- standard | Assets held for sale | Neither past due nor impaired | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 137 | ||
– personal | Loans and advances to customers | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 391,390 | 374,762 | |
– personal | Loans and advances to customers | Neither past due nor impaired | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 387,957 | 370,842 | |
– personal | Loans and advances to customers | Impaired | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 3,433 | 3,920 | |
– corporate and commercial | Loans and advances to customers | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 529,025 | 516,754 | |
– corporate and commercial | Loans and advances to customers | Neither past due nor impaired | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 524,531 | 510,784 | |
– corporate and commercial | Loans and advances to customers | Impaired | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 4,494 | 5,970 | |
Trading assets | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 188,735 | ||
Trading assets | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 188,735 | ||
Trading assets | Treasury and other eligible bills | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 17,532 | ||
Trading assets | Treasury and other eligible bills | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 17,532 | ||
Trading assets | Debt securities | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 107,486 | ||
Trading assets | Debt securities | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 107,486 | ||
Trading assets | Loans and advances to banks | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 26,057 | ||
Trading assets | Loans and advances to banks | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 26,057 | ||
Trading assets | Loans and advances to customers | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 37,660 | ||
Trading assets | Loans and advances to customers | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 37,660 | ||
Trading assets | Strong | Neither past due nor impaired | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 137,983 | ||
Trading assets | Strong | Treasury and other eligible bills | Neither past due nor impaired | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 15,412 | ||
Trading assets | Strong | Debt securities | Neither past due nor impaired | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 84,493 | ||
Trading assets | Strong | Loans and advances to banks | Neither past due nor impaired | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 15,496 | ||
Trading assets | Strong | Loans and advances to customers | Neither past due nor impaired | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 22,582 | ||
Trading assets | Good | Neither past due nor impaired | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 22,365 | ||
Trading assets | Good | Treasury and other eligible bills | Neither past due nor impaired | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 531 | ||
Trading assets | Good | Debt securities | Neither past due nor impaired | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 9,517 | ||
Trading assets | Good | Loans and advances to banks | Neither past due nor impaired | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 5,778 | ||
Trading assets | Good | Loans and advances to customers | Neither past due nor impaired | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 6,539 | ||
Trading assets | Satisfactory | Neither past due nor impaired | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 26,438 | ||
Trading assets | Satisfactory | Treasury and other eligible bills | Neither past due nor impaired | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 491 | ||
Trading assets | Satisfactory | Debt securities | Neither past due nor impaired | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 12,978 | ||
Trading assets | Satisfactory | Loans and advances to banks | Neither past due nor impaired | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 4,757 | ||
Trading assets | Satisfactory | Loans and advances to customers | Neither past due nor impaired | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 8,212 | ||
Trading assets | Sub- standard | Neither past due nor impaired | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 1,949 | ||
Trading assets | Sub- standard | Treasury and other eligible bills | Neither past due nor impaired | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 1,098 | ||
Trading assets | Sub- standard | Debt securities | Neither past due nor impaired | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 498 | ||
Trading assets | Sub- standard | Loans and advances to banks | Neither past due nor impaired | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 26 | ||
Trading assets | Sub- standard | Loans and advances to customers | Neither past due nor impaired | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 327 | ||
Financial assets designated at fair value | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 4,704 | ||
Financial assets designated at fair value | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 4,704 | ||
Financial assets designated at fair value | Strong | Neither past due nor impaired | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 3,378 | ||
Financial assets designated at fair value | Good | Neither past due nor impaired | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 269 | ||
Financial assets designated at fair value | Satisfactory | Neither past due nor impaired | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 1,029 | ||
Financial assets designated at fair value | Sub- standard | Neither past due nor impaired | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 28 | ||
Financial assets at amortised cost, category | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 62,666 | ||
Financial assets at amortised cost, category | Treasury and other eligible bills | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 679 | ||
Financial assets at amortised cost, category | Debt securities | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 61,987 | ||
Financial assets at amortised cost, category | Loans and advances to banks | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 90,393 | ||
Financial assets at amortised cost, category | Loans and advances to banks | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 90,393 | ||
Financial assets at amortised cost, category | Loans and advances to banks | Allowance for ECL | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 0 | ||
Financial assets at amortised cost, category | Loans and advances to banks | Past due but not impaired | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 9 | ||
Financial assets at amortised cost, category | Loans and advances to banks | Impaired | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 0 | ||
Financial assets at amortised cost, category | Loans and advances to customers | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 962,964 | ||
Financial assets at amortised cost, category | Loans and advances to customers | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 970,448 | ||
Financial assets at amortised cost, category | Loans and advances to customers | Allowance for ECL | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | (7,484) | ||
Financial assets at amortised cost, category | Loans and advances to customers | Past due but not impaired | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 8,600 | ||
Financial assets at amortised cost, category | Loans and advances to customers | Impaired | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 15,470 | $ 18,228 | |
Financial assets at amortised cost, category | Strong | Loans and advances to banks | Neither past due nor impaired | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 77,175 | ||
Financial assets at amortised cost, category | Strong | Loans and advances to customers | Neither past due nor impaired | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 503,759 | ||
Financial assets at amortised cost, category | Good | Loans and advances to banks | Neither past due nor impaired | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 9,026 | ||
Financial assets at amortised cost, category | Good | Loans and advances to customers | Neither past due nor impaired | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 222,343 | ||
Financial assets at amortised cost, category | Satisfactory | Loans and advances to banks | Neither past due nor impaired | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 4,144 | ||
Financial assets at amortised cost, category | Satisfactory | Loans and advances to customers | Neither past due nor impaired | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 204,162 | ||
Financial assets at amortised cost, category | Sub- standard | Loans and advances to banks | Neither past due nor impaired | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 39 | ||
Financial assets at amortised cost, category | Sub- standard | Loans and advances to customers | Neither past due nor impaired | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 16,114 | ||
Financial assets at amortised cost, category | – personal | Loans and advances to customers | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 374,762 | ||
Financial assets at amortised cost, category | – personal | Loans and advances to customers | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 376,481 | ||
Financial assets at amortised cost, category | – personal | Loans and advances to customers | Allowance for ECL | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | (1,719) | ||
Financial assets at amortised cost, category | – personal | Loans and advances to customers | Past due but not impaired | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 4,658 | ||
Financial assets at amortised cost, category | – personal | Loans and advances to customers | Impaired | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 4,922 | 6,490 | |
Financial assets at amortised cost, category | – personal | Strong | Loans and advances to customers | Neither past due nor impaired | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 324,960 | ||
Financial assets at amortised cost, category | – personal | Good | Loans and advances to customers | Neither past due nor impaired | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 26,612 | ||
Financial assets at amortised cost, category | – personal | Satisfactory | Loans and advances to customers | Neither past due nor impaired | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 14,549 | ||
Financial assets at amortised cost, category | – personal | Sub- standard | Loans and advances to customers | Neither past due nor impaired | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 780 | ||
Financial assets at amortised cost, category | – corporate and commercial | Loans and advances to customers | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 516,754 | ||
Financial assets at amortised cost, category | – corporate and commercial | Loans and advances to customers | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 522,248 | ||
Financial assets at amortised cost, category | – corporate and commercial | Loans and advances to customers | Allowance for ECL | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | (5,494) | ||
Financial assets at amortised cost, category | – corporate and commercial | Loans and advances to customers | Past due but not impaired | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 3,422 | ||
Financial assets at amortised cost, category | – corporate and commercial | Loans and advances to customers | Impaired | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 10,254 | $ 11,362 | |
Financial assets at amortised cost, category | – corporate and commercial | Strong | Loans and advances to customers | Neither past due nor impaired | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 140,382 | ||
Financial assets at amortised cost, category | – corporate and commercial | Good | Loans and advances to customers | Neither past due nor impaired | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 176,745 | ||
Financial assets at amortised cost, category | – corporate and commercial | Satisfactory | Loans and advances to customers | Neither past due nor impaired | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 176,661 | ||
Financial assets at amortised cost, category | – corporate and commercial | Sub- standard | Loans and advances to customers | Neither past due nor impaired | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 14,784 | ||
Financial assets at amortised cost, category | – non-bank financial institutions | Loans and advances to customers | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 71,448 | ||
Financial assets at amortised cost, category | – non-bank financial institutions | Loans and advances to customers | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 71,719 | ||
Financial assets at amortised cost, category | – non-bank financial institutions | Loans and advances to customers | Allowance for ECL | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | (271) | ||
Financial assets at amortised cost, category | – non-bank financial institutions | Loans and advances to customers | Past due but not impaired | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 520 | ||
Financial assets at amortised cost, category | – non-bank financial institutions | Loans and advances to customers | Impaired | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 294 | ||
Financial assets at amortised cost, category | – non-bank financial institutions | Strong | Loans and advances to customers | Neither past due nor impaired | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 38,417 | ||
Financial assets at amortised cost, category | – non-bank financial institutions | Good | Loans and advances to customers | Neither past due nor impaired | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 18,986 | ||
Financial assets at amortised cost, category | – non-bank financial institutions | Satisfactory | Loans and advances to customers | Neither past due nor impaired | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 12,952 | ||
Financial assets at amortised cost, category | – non-bank financial institutions | Sub- standard | Loans and advances to customers | Neither past due nor impaired | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 550 | ||
Financial Assets Excluding Equity Securities | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 2,378,500 | 2,305,592 | |
Financial Assets Excluding Equity Securities | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 2,387,277 | 2,313,124 | |
Financial Assets Excluding Equity Securities | Allowance for ECL | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | (8,777) | (7,532) | |
Financial Assets Excluding Equity Securities | Past due but not impaired | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 8,716 | ||
Financial Assets Excluding Equity Securities | Impaired | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 16,341 | ||
Financial Assets Excluding Equity Securities | Strong | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 1,694,864 | ||
Financial Assets Excluding Equity Securities | Strong | Neither past due nor impaired | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 1,635,086 | ||
Financial Assets Excluding Equity Securities | Good | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 361,024 | ||
Financial Assets Excluding Equity Securities | Good | Neither past due nor impaired | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 336,212 | ||
Financial Assets Excluding Equity Securities | Satisfactory | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 295,622 | ||
Financial Assets Excluding Equity Securities | Satisfactory | Neither past due nor impaired | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | 293,685 | ||
Financial Assets Excluding Equity Securities | Sub- standard | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | $ 22,267 | ||
Financial Assets Excluding Equity Securities | Sub- standard | Neither past due nor impaired | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Financial assets | $ 23,084 | ||
Financial Assets Excluding Equity Securities | Portfolio Concentration Risk | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Concentration risk percentage | 100.00% | 100.00% | |
Financial Assets Excluding Equity Securities | Portfolio Concentration Risk | Past due but not impaired | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Concentration risk percentage | 0.40% | ||
Financial Assets Excluding Equity Securities | Portfolio Concentration Risk | Impaired | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Concentration risk percentage | 0.70% | ||
Financial Assets Excluding Equity Securities | Portfolio Concentration Risk | Strong | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Concentration risk percentage | 71.00% | ||
Financial Assets Excluding Equity Securities | Portfolio Concentration Risk | Strong | Neither past due nor impaired | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Concentration risk percentage | 70.70% | ||
Financial Assets Excluding Equity Securities | Portfolio Concentration Risk | Good | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Concentration risk percentage | 15.10% | ||
Financial Assets Excluding Equity Securities | Portfolio Concentration Risk | Good | Neither past due nor impaired | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Concentration risk percentage | 14.50% | ||
Financial Assets Excluding Equity Securities | Portfolio Concentration Risk | Satisfactory | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Concentration risk percentage | 12.40% | ||
Financial Assets Excluding Equity Securities | Portfolio Concentration Risk | Satisfactory | Neither past due nor impaired | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Concentration risk percentage | 12.70% | ||
Financial Assets Excluding Equity Securities | Portfolio Concentration Risk | Sub- standard | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Concentration risk percentage | 0.90% | ||
Financial Assets Excluding Equity Securities | Portfolio Concentration Risk | Sub- standard | Neither past due nor impaired | Gross carrying amount | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Concentration risk percentage | 1.00% |
Report Of The Directors Fina_23
Report Of The Directors Financial Review Risk Report - Past due but not impaired gross financial instruments by geographical region (Details) - USD ($) $ in Millions | Dec. 31, 2018 | Dec. 31, 2017 |
Disclosure of financial assets that are either past due or impaired [line items] | ||
Financial assets | $ 2,471,203 | $ 2,433,785 |
Gross carrying amount | Past due but not impaired | ||
Disclosure of financial assets that are either past due or impaired [line items] | ||
Financial assets | 8,716 | |
Gross carrying amount | Past due but not impaired | Financial Assets Excluding Equity Securities | ||
Disclosure of financial assets that are either past due or impaired [line items] | ||
Financial assets | 8,716 | |
Europe | Gross carrying amount | Past due but not impaired | Financial Assets Excluding Equity Securities | ||
Disclosure of financial assets that are either past due or impaired [line items] | ||
Financial assets | 1,324 | |
Asia | Gross carrying amount | Past due but not impaired | Financial Assets Excluding Equity Securities | ||
Disclosure of financial assets that are either past due or impaired [line items] | ||
Financial assets | 3,892 | |
MENA | Gross carrying amount | Past due but not impaired | Financial Assets Excluding Equity Securities | ||
Disclosure of financial assets that are either past due or impaired [line items] | ||
Financial assets | 852 | |
North America | Gross carrying amount | Past due but not impaired | Financial Assets Excluding Equity Securities | ||
Disclosure of financial assets that are either past due or impaired [line items] | ||
Financial assets | 2,015 | |
Latin America | Gross carrying amount | Past due but not impaired | Financial Assets Excluding Equity Securities | ||
Disclosure of financial assets that are either past due or impaired [line items] | ||
Financial assets | $ 633 |
Report Of The Directors Fina_24
Report Of The Directors Financial Review Risk Report - Ageing analysis of days for past due but not impaired gross financial instruments (Details) - USD ($) $ in Millions | Dec. 31, 2018 | Dec. 31, 2017 |
Disclosure of financial assets that are either past due or impaired [line items] | ||
Financial assets | $ 2,471,203 | $ 2,433,785 |
Gross carrying amount | Past due but not impaired | ||
Disclosure of financial assets that are either past due or impaired [line items] | ||
Financial assets | 8,716 | |
Financial Assets Excluding Equity Securities | Gross carrying amount | Past due but not impaired | ||
Disclosure of financial assets that are either past due or impaired [line items] | ||
Financial assets | 8,716 | |
Loans and advances to customers and banks | Gross carrying amount | Past due but not impaired | ||
Disclosure of financial assets that are either past due or impaired [line items] | ||
Financial assets | 8,609 | |
Other financial instruments | Gross carrying amount | Past due but not impaired | ||
Disclosure of financial assets that are either past due or impaired [line items] | ||
Financial assets | 107 | |
– personal | Loans and advances to customers and banks | Gross carrying amount | Past due but not impaired | ||
Disclosure of financial assets that are either past due or impaired [line items] | ||
Financial assets | 4,658 | |
– corporate and commercial | Loans and advances to customers and banks | Gross carrying amount | Past due but not impaired | ||
Disclosure of financial assets that are either past due or impaired [line items] | ||
Financial assets | 3,422 | |
– financial7 | Loans and advances to customers and banks | Gross carrying amount | Past due but not impaired | ||
Disclosure of financial assets that are either past due or impaired [line items] | ||
Financial assets | 529 | |
Up to 29 days | Gross carrying amount | Past due but not impaired | ||
Disclosure of financial assets that are either past due or impaired [line items] | ||
Financial assets | 6,870 | |
Up to 29 days | Loans and advances to customers and banks | Gross carrying amount | Past due but not impaired | ||
Disclosure of financial assets that are either past due or impaired [line items] | ||
Financial assets | 6,837 | |
Up to 29 days | Other financial instruments | Gross carrying amount | Past due but not impaired | ||
Disclosure of financial assets that are either past due or impaired [line items] | ||
Financial assets | 33 | |
Up to 29 days | – personal | Loans and advances to customers and banks | Gross carrying amount | Past due but not impaired | ||
Disclosure of financial assets that are either past due or impaired [line items] | ||
Financial assets | 3,455 | |
Up to 29 days | – corporate and commercial | Loans and advances to customers and banks | Gross carrying amount | Past due but not impaired | ||
Disclosure of financial assets that are either past due or impaired [line items] | ||
Financial assets | 2,899 | |
Up to 29 days | – financial7 | Loans and advances to customers and banks | Gross carrying amount | Past due but not impaired | ||
Disclosure of financial assets that are either past due or impaired [line items] | ||
Financial assets | 483 | |
30–59 days | Gross carrying amount | Past due but not impaired | ||
Disclosure of financial assets that are either past due or impaired [line items] | ||
Financial assets | 1,267 | |
30–59 days | Loans and advances to customers and banks | Gross carrying amount | Past due but not impaired | ||
Disclosure of financial assets that are either past due or impaired [line items] | ||
Financial assets | 1,255 | |
30–59 days | Other financial instruments | Gross carrying amount | Past due but not impaired | ||
Disclosure of financial assets that are either past due or impaired [line items] | ||
Financial assets | 12 | |
30–59 days | – personal | Loans and advances to customers and banks | Gross carrying amount | Past due but not impaired | ||
Disclosure of financial assets that are either past due or impaired [line items] | ||
Financial assets | 866 | |
30–59 days | – corporate and commercial | Loans and advances to customers and banks | Gross carrying amount | Past due but not impaired | ||
Disclosure of financial assets that are either past due or impaired [line items] | ||
Financial assets | 343 | |
30–59 days | – financial7 | Loans and advances to customers and banks | Gross carrying amount | Past due but not impaired | ||
Disclosure of financial assets that are either past due or impaired [line items] | ||
Financial assets | 46 | |
60–89 days | Gross carrying amount | Past due but not impaired | ||
Disclosure of financial assets that are either past due or impaired [line items] | ||
Financial assets | 511 | |
60–89 days | Loans and advances to customers and banks | Gross carrying amount | Past due but not impaired | ||
Disclosure of financial assets that are either past due or impaired [line items] | ||
Financial assets | 493 | |
60–89 days | Other financial instruments | Gross carrying amount | Past due but not impaired | ||
Disclosure of financial assets that are either past due or impaired [line items] | ||
Financial assets | 18 | |
60–89 days | – personal | Loans and advances to customers and banks | Gross carrying amount | Past due but not impaired | ||
Disclosure of financial assets that are either past due or impaired [line items] | ||
Financial assets | 337 | |
60–89 days | – corporate and commercial | Loans and advances to customers and banks | Gross carrying amount | Past due but not impaired | ||
Disclosure of financial assets that are either past due or impaired [line items] | ||
Financial assets | 156 | |
60–89 days | – financial7 | Loans and advances to customers and banks | Gross carrying amount | Past due but not impaired | ||
Disclosure of financial assets that are either past due or impaired [line items] | ||
Financial assets | 0 | |
90–179 days | Gross carrying amount | Past due but not impaired | ||
Disclosure of financial assets that are either past due or impaired [line items] | ||
Financial assets | 22 | |
90–179 days | Loans and advances to customers and banks | Gross carrying amount | Past due but not impaired | ||
Disclosure of financial assets that are either past due or impaired [line items] | ||
Financial assets | 10 | |
90–179 days | Other financial instruments | Gross carrying amount | Past due but not impaired | ||
Disclosure of financial assets that are either past due or impaired [line items] | ||
Financial assets | 12 | |
90–179 days | – personal | Loans and advances to customers and banks | Gross carrying amount | Past due but not impaired | ||
Disclosure of financial assets that are either past due or impaired [line items] | ||
Financial assets | 0 | |
90–179 days | – corporate and commercial | Loans and advances to customers and banks | Gross carrying amount | Past due but not impaired | ||
Disclosure of financial assets that are either past due or impaired [line items] | ||
Financial assets | 10 | |
90–179 days | – financial7 | Loans and advances to customers and banks | Gross carrying amount | Past due but not impaired | ||
Disclosure of financial assets that are either past due or impaired [line items] | ||
Financial assets | 0 | |
180 days and over | Gross carrying amount | Past due but not impaired | ||
Disclosure of financial assets that are either past due or impaired [line items] | ||
Financial assets | 46 | |
180 days and over | Loans and advances to customers and banks | Gross carrying amount | Past due but not impaired | ||
Disclosure of financial assets that are either past due or impaired [line items] | ||
Financial assets | 14 | |
180 days and over | Other financial instruments | Gross carrying amount | Past due but not impaired | ||
Disclosure of financial assets that are either past due or impaired [line items] | ||
Financial assets | 32 | |
180 days and over | – personal | Loans and advances to customers and banks | Gross carrying amount | Past due but not impaired | ||
Disclosure of financial assets that are either past due or impaired [line items] | ||
Financial assets | 0 | |
180 days and over | – corporate and commercial | Loans and advances to customers and banks | Gross carrying amount | Past due but not impaired | ||
Disclosure of financial assets that are either past due or impaired [line items] | ||
Financial assets | 14 | |
180 days and over | – financial7 | Loans and advances to customers and banks | Gross carrying amount | Past due but not impaired | ||
Disclosure of financial assets that are either past due or impaired [line items] | ||
Financial assets | $ 0 |
Report Of The Directors Fina_25
Report Of The Directors Financial Review Risk Report - Movement in impaired loans by industry sector (Details) - USD ($) $ in Millions | 12 Months Ended | |
Dec. 31, 2018 | Dec. 31, 2017 | |
Disclosure of financial assets that are either past due or impaired [line items] | ||
Financial assets, beginning balance | $ 2,433,785 | |
Financial assets, ending balance | 2,471,203 | $ 2,433,785 |
Loans and advances to customers | ||
Disclosure of financial assets that are either past due or impaired [line items] | ||
Financial assets, beginning balance | 962,964 | |
Financial assets, ending balance | 981,696 | 962,964 |
Loans and advances to customers | Impaired | ||
Disclosure of financial assets that are either past due or impaired [line items] | ||
Financial assets, beginning balance | 9,961 | |
Financial assets, ending balance | 8,106 | 9,961 |
Financial assets at amortised cost, category | ||
Disclosure of financial assets that are either past due or impaired [line items] | ||
Financial assets, ending balance | 62,666 | |
Financial assets at amortised cost, category | Loans and advances to customers | ||
Disclosure of financial assets that are either past due or impaired [line items] | ||
Financial assets, beginning balance | 962,964 | |
Financial assets, ending balance | 962,964 | |
Financial assets at amortised cost, category | Loans and advances to customers | Gross carrying amount | ||
Disclosure of financial assets that are either past due or impaired [line items] | ||
Financial assets, beginning balance | 970,448 | |
Financial assets, ending balance | 970,448 | |
Financial assets at amortised cost, category | Loans and advances to customers | Impaired | Gross carrying amount | ||
Disclosure of financial assets that are either past due or impaired [line items] | ||
Financial assets, beginning balance | 15,470 | 18,228 |
Classified as impaired during the year | 6,379 | |
Transferred from impaired to unimpaired during the year | (2,009) | |
Amounts written off | (2,640) | |
Net repayments and other | (4,488) | |
Financial assets, ending balance | 15,470 | |
– personal | Loans and advances to customers | ||
Disclosure of financial assets that are either past due or impaired [line items] | ||
Financial assets, beginning balance | 374,762 | |
Financial assets, ending balance | 391,390 | 374,762 |
– personal | Loans and advances to customers | Impaired | ||
Disclosure of financial assets that are either past due or impaired [line items] | ||
Financial assets, beginning balance | 3,920 | |
Financial assets, ending balance | 3,433 | 3,920 |
– personal | Financial assets at amortised cost, category | Loans and advances to customers | ||
Disclosure of financial assets that are either past due or impaired [line items] | ||
Financial assets, beginning balance | 374,762 | |
Financial assets, ending balance | 374,762 | |
– personal | Financial assets at amortised cost, category | Loans and advances to customers | Gross carrying amount | ||
Disclosure of financial assets that are either past due or impaired [line items] | ||
Financial assets, beginning balance | 376,481 | |
Financial assets, ending balance | 376,481 | |
– personal | Financial assets at amortised cost, category | Loans and advances to customers | Impaired | Gross carrying amount | ||
Disclosure of financial assets that are either past due or impaired [line items] | ||
Financial assets, beginning balance | 4,922 | 6,490 |
Classified as impaired during the year | 2,671 | |
Transferred from impaired to unimpaired during the year | (677) | |
Amounts written off | (1,330) | |
Net repayments and other | (2,232) | |
Financial assets, ending balance | 4,922 | |
– corporate and commercial | Loans and advances to customers | ||
Disclosure of financial assets that are either past due or impaired [line items] | ||
Financial assets, beginning balance | 516,754 | |
Financial assets, ending balance | 529,025 | 516,754 |
– corporate and commercial | Loans and advances to customers | Impaired | ||
Disclosure of financial assets that are either past due or impaired [line items] | ||
Financial assets, beginning balance | 5,970 | |
Financial assets, ending balance | 4,494 | 5,970 |
– corporate and commercial | Financial assets at amortised cost, category | Loans and advances to customers | ||
Disclosure of financial assets that are either past due or impaired [line items] | ||
Financial assets, beginning balance | 516,754 | |
Financial assets, ending balance | 516,754 | |
– corporate and commercial | Financial assets at amortised cost, category | Loans and advances to customers | Gross carrying amount | ||
Disclosure of financial assets that are either past due or impaired [line items] | ||
Financial assets, beginning balance | 522,248 | |
Financial assets, ending balance | 522,248 | |
– corporate and commercial | Financial assets at amortised cost, category | Loans and advances to customers | Impaired | Gross carrying amount | ||
Disclosure of financial assets that are either past due or impaired [line items] | ||
Financial assets, beginning balance | 10,254 | 11,362 |
Classified as impaired during the year | 3,691 | |
Transferred from impaired to unimpaired during the year | (1,324) | |
Amounts written off | (1,257) | |
Net repayments and other | (2,218) | |
Financial assets, ending balance | 10,254 | |
– financial7 | Financial assets at amortised cost, category | Loans and advances to customers | Impaired | Gross carrying amount | ||
Disclosure of financial assets that are either past due or impaired [line items] | ||
Financial assets, beginning balance | $ 294 | 376 |
Classified as impaired during the year | 17 | |
Transferred from impaired to unimpaired during the year | (8) | |
Amounts written off | (53) | |
Net repayments and other | (38) | |
Financial assets, ending balance | $ 294 |
Report Of The Directors Fina_26
Report Of The Directors Financial Review Risk Report - Loan impairment charge to the income statement by industry sector (Details) - Loans and advances to customers $ in Millions | 12 Months Ended |
Dec. 31, 2017USD ($) | |
Disclosure of financial assets [line items] | |
Loan impairment charge | $ 1,992 |
Europe | |
Disclosure of financial assets [line items] | |
Loan impairment charge | 825 |
Asia | |
Disclosure of financial assets [line items] | |
Loan impairment charge | 558 |
MENA | |
Disclosure of financial assets [line items] | |
Loan impairment charge | 197 |
North America | |
Disclosure of financial assets [line items] | |
Loan impairment charge | (130) |
Latin America | |
Disclosure of financial assets [line items] | |
Loan impairment charge | 542 |
– personal | |
Disclosure of financial assets [line items] | |
Loan impairment charge | 959 |
– personal | Europe | |
Disclosure of financial assets [line items] | |
Loan impairment charge | 140 |
– personal | Asia | |
Disclosure of financial assets [line items] | |
Loan impairment charge | 243 |
– personal | MENA | |
Disclosure of financial assets [line items] | |
Loan impairment charge | 92 |
– personal | North America | |
Disclosure of financial assets [line items] | |
Loan impairment charge | 32 |
– personal | Latin America | |
Disclosure of financial assets [line items] | |
Loan impairment charge | 452 |
– corporate and commercial | |
Disclosure of financial assets [line items] | |
Loan impairment charge | 927 |
– corporate and commercial | Europe | |
Disclosure of financial assets [line items] | |
Loan impairment charge | 619 |
– corporate and commercial | Asia | |
Disclosure of financial assets [line items] | |
Loan impairment charge | 298 |
– corporate and commercial | MENA | |
Disclosure of financial assets [line items] | |
Loan impairment charge | 83 |
– corporate and commercial | North America | |
Disclosure of financial assets [line items] | |
Loan impairment charge | (163) |
– corporate and commercial | Latin America | |
Disclosure of financial assets [line items] | |
Loan impairment charge | 90 |
– financial7 | |
Disclosure of financial assets [line items] | |
Loan impairment charge | 106 |
– financial7 | Europe | |
Disclosure of financial assets [line items] | |
Loan impairment charge | 66 |
– financial7 | Asia | |
Disclosure of financial assets [line items] | |
Loan impairment charge | 17 |
– financial7 | MENA | |
Disclosure of financial assets [line items] | |
Loan impairment charge | 22 |
– financial7 | North America | |
Disclosure of financial assets [line items] | |
Loan impairment charge | 1 |
– financial7 | Latin America | |
Disclosure of financial assets [line items] | |
Loan impairment charge | 0 |
– first lien residential mortgages | – personal | |
Disclosure of financial assets [line items] | |
Loan impairment charge | (17) |
– first lien residential mortgages | – personal | Europe | |
Disclosure of financial assets [line items] | |
Loan impairment charge | 6 |
– first lien residential mortgages | – personal | Asia | |
Disclosure of financial assets [line items] | |
Loan impairment charge | (1) |
– first lien residential mortgages | – personal | MENA | |
Disclosure of financial assets [line items] | |
Loan impairment charge | 5 |
– first lien residential mortgages | – personal | North America | |
Disclosure of financial assets [line items] | |
Loan impairment charge | 0 |
– first lien residential mortgages | – personal | Latin America | |
Disclosure of financial assets [line items] | |
Loan impairment charge | (27) |
– other personal | – personal | |
Disclosure of financial assets [line items] | |
Loan impairment charge | 976 |
– other personal | – personal | Europe | |
Disclosure of financial assets [line items] | |
Loan impairment charge | 134 |
– other personal | – personal | Asia | |
Disclosure of financial assets [line items] | |
Loan impairment charge | 244 |
– other personal | – personal | MENA | |
Disclosure of financial assets [line items] | |
Loan impairment charge | 87 |
– other personal | – personal | North America | |
Disclosure of financial assets [line items] | |
Loan impairment charge | 32 |
– other personal | – personal | Latin America | |
Disclosure of financial assets [line items] | |
Loan impairment charge | 479 |
– manufacturing and international trade and services | – corporate and commercial | |
Disclosure of financial assets [line items] | |
Loan impairment charge | 722 |
– manufacturing and international trade and services | – corporate and commercial | Europe | |
Disclosure of financial assets [line items] | |
Loan impairment charge | 314 |
– manufacturing and international trade and services | – corporate and commercial | Asia | |
Disclosure of financial assets [line items] | |
Loan impairment charge | 236 |
– manufacturing and international trade and services | – corporate and commercial | MENA | |
Disclosure of financial assets [line items] | |
Loan impairment charge | 95 |
– manufacturing and international trade and services | – corporate and commercial | North America | |
Disclosure of financial assets [line items] | |
Loan impairment charge | 18 |
– manufacturing and international trade and services | – corporate and commercial | Latin America | |
Disclosure of financial assets [line items] | |
Loan impairment charge | 59 |
– commercial real estate and other property-related | – corporate and commercial | |
Disclosure of financial assets [line items] | |
Loan impairment charge | 226 |
– commercial real estate and other property-related | – corporate and commercial | Europe | |
Disclosure of financial assets [line items] | |
Loan impairment charge | 200 |
– commercial real estate and other property-related | – corporate and commercial | Asia | |
Disclosure of financial assets [line items] | |
Loan impairment charge | 21 |
– commercial real estate and other property-related | – corporate and commercial | MENA | |
Disclosure of financial assets [line items] | |
Loan impairment charge | (4) |
– commercial real estate and other property-related | – corporate and commercial | North America | |
Disclosure of financial assets [line items] | |
Loan impairment charge | 9 |
– commercial real estate and other property-related | – corporate and commercial | Latin America | |
Disclosure of financial assets [line items] | |
Loan impairment charge | 0 |
– other commercial | – corporate and commercial | |
Disclosure of financial assets [line items] | |
Loan impairment charge | (21) |
– other commercial | – corporate and commercial | Europe | |
Disclosure of financial assets [line items] | |
Loan impairment charge | 105 |
– other commercial | – corporate and commercial | Asia | |
Disclosure of financial assets [line items] | |
Loan impairment charge | 41 |
– other commercial | – corporate and commercial | MENA | |
Disclosure of financial assets [line items] | |
Loan impairment charge | (8) |
– other commercial | – corporate and commercial | North America | |
Disclosure of financial assets [line items] | |
Loan impairment charge | (190) |
– other commercial | – corporate and commercial | Latin America | |
Disclosure of financial assets [line items] | |
Loan impairment charge | $ 31 |
Report Of The Directors Fina_27
Report Of The Directors Financial Review Risk Report - Movement in impairment allowances on loans and advances to customers and banks (Details) - USD ($) $ in Millions | 12 Months Ended | |
Dec. 31, 2018 | Dec. 31, 2017 | |
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Financial assets | $ (2,433,785) | |
Financial assets | (2,471,203) | $ (2,433,785) |
Loans and advances to customers | Accumulated impairment | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Financial assets | 7,484 | 7,850 |
Amounts written off | (3,173) | |
Recoveries of loans and advances previously written off | 644 | |
Charge to income statement | 1,992 | |
Exchange and other movements | 171 | |
Financial assets | 7,484 | |
Banks | Loans and advances to customers | Accumulated impairment | Individually assessed | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Financial assets | 0 | 0 |
Amounts written off | 0 | |
Recoveries of loans and advances previously written off | 0 | |
Charge to income statement | 0 | |
Exchange and other movements | 0 | |
Financial assets | 0 | |
Customers | Loans and advances to customers | Accumulated impairment | Individually assessed | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Financial assets | 4,960 | 4,932 |
Amounts written off | (1,468) | |
Recoveries of loans and advances previously written off | 119 | |
Charge to income statement | 1,114 | |
Exchange and other movements | 263 | |
Financial assets | 4,960 | |
Customers | Loans and advances to customers | Accumulated impairment | Collectively assessed | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Financial assets | 2,524 | 2,918 |
Amounts written off | (1,705) | |
Recoveries of loans and advances previously written off | 525 | |
Charge to income statement | 878 | |
Exchange and other movements | (92) | |
Financial assets | 2,524 | |
Financial Assets Excluding Equity Securities | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Financial assets | (2,305,592) | |
Financial assets | (2,378,500) | (2,305,592) |
Financial Assets Excluding Equity Securities | Accumulated impairment | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Financial assets | 7,532 | |
Financial assets | $ 8,777 | $ 7,532 |
Portfolio Concentration Risk | Financial Assets Excluding Equity Securities | Loans and advances to customers | Accumulated impairment | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Concentration risk percentage | 0.80% | |
Portfolio Concentration Risk | Financial Assets Excluding Equity Securities | Banks | Loans and advances to customers | Accumulated impairment | Individually assessed | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Concentration risk percentage | 0.00% | |
Portfolio Concentration Risk | Financial Assets Excluding Equity Securities | Customers | Loans and advances to customers | Accumulated impairment | Individually assessed | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Concentration risk percentage | 0.50% | |
Portfolio Concentration Risk | Financial Assets Excluding Equity Securities | Customers | Loans and advances to customers | Accumulated impairment | Collectively assessed | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Concentration risk percentage | 0.30% |
Report Of The Directors Fina_28
Report Of The Directors Financial Review Risk Report - Commercial real estate loans and advances including loan commitments by level of collateral (Details) - Loans and advances to customers and banks - Commercial real estate loans and advances including loan commitments $ in Millions | Dec. 31, 2017USD ($) |
Disclosure of financial assets [line items] | |
Financial assets and off-balance sheet loan commitments | $ 127,271 |
UK | |
Disclosure of financial assets [line items] | |
Financial assets and off-balance sheet loan commitments | 27,819 |
Hong Kong | |
Disclosure of financial assets [line items] | |
Financial assets and off-balance sheet loan commitments | 64,437 |
US | |
Disclosure of financial assets [line items] | |
Financial assets and off-balance sheet loan commitments | 4,797 |
Rated CRR/ EL1 to 7 | |
Disclosure of financial assets [line items] | |
Financial assets and off-balance sheet loan commitments | 125,707 |
Collateral value | 3,621 |
Rated CRR/ EL1 to 7 | UK | |
Disclosure of financial assets [line items] | |
Financial assets and off-balance sheet loan commitments | 26,861 |
Collateral value | 564 |
Rated CRR/ EL1 to 7 | Hong Kong | |
Disclosure of financial assets [line items] | |
Financial assets and off-balance sheet loan commitments | 64,425 |
Collateral value | 752 |
Rated CRR/ EL1 to 7 | US | |
Disclosure of financial assets [line items] | |
Financial assets and off-balance sheet loan commitments | 4,742 |
Collateral value | 0 |
Rated CRR/ EL1 to 7 | Not collateralised | |
Disclosure of financial assets [line items] | |
Financial assets and off-balance sheet loan commitments | 44,551 |
Rated CRR/ EL1 to 7 | Not collateralised | UK | |
Disclosure of financial assets [line items] | |
Financial assets and off-balance sheet loan commitments | 5,187 |
Rated CRR/ EL1 to 7 | Not collateralised | Hong Kong | |
Disclosure of financial assets [line items] | |
Financial assets and off-balance sheet loan commitments | 31,100 |
Rated CRR/ EL1 to 7 | Not collateralised | US | |
Disclosure of financial assets [line items] | |
Financial assets and off-balance sheet loan commitments | 0 |
Rated CRR/ EL1 to 7 | Fully collateralised | |
Disclosure of financial assets [line items] | |
Financial assets and off-balance sheet loan commitments | 75,633 |
Rated CRR/ EL1 to 7 | Fully collateralised | UK | |
Disclosure of financial assets [line items] | |
Financial assets and off-balance sheet loan commitments | 20,711 |
Rated CRR/ EL1 to 7 | Fully collateralised | Hong Kong | |
Disclosure of financial assets [line items] | |
Financial assets and off-balance sheet loan commitments | 31,768 |
Rated CRR/ EL1 to 7 | Fully collateralised | US | |
Disclosure of financial assets [line items] | |
Financial assets and off-balance sheet loan commitments | 4,742 |
Rated CRR/ EL1 to 7 | Partially collateralised | |
Disclosure of financial assets [line items] | |
Financial assets and off-balance sheet loan commitments | 5,523 |
Rated CRR/ EL1 to 7 | Partially collateralised | UK | |
Disclosure of financial assets [line items] | |
Financial assets and off-balance sheet loan commitments | 963 |
Rated CRR/ EL1 to 7 | Partially collateralised | Hong Kong | |
Disclosure of financial assets [line items] | |
Financial assets and off-balance sheet loan commitments | 1,557 |
Rated CRR/ EL1 to 7 | Partially collateralised | US | |
Disclosure of financial assets [line items] | |
Financial assets and off-balance sheet loan commitments | 0 |
Rated CRR/ EL8 | |
Disclosure of financial assets [line items] | |
Financial assets and off-balance sheet loan commitments | 298 |
Collateral value | 43 |
Rated CRR/ EL8 | UK | |
Disclosure of financial assets [line items] | |
Financial assets and off-balance sheet loan commitments | 186 |
Collateral value | 40 |
Rated CRR/ EL8 | Hong Kong | |
Disclosure of financial assets [line items] | |
Financial assets and off-balance sheet loan commitments | 0 |
Collateral value | 0 |
Rated CRR/ EL8 | US | |
Disclosure of financial assets [line items] | |
Financial assets and off-balance sheet loan commitments | 54 |
Collateral value | 0 |
Rated CRR/ EL8 | Not collateralised | |
Disclosure of financial assets [line items] | |
Financial assets and off-balance sheet loan commitments | 6 |
Rated CRR/ EL8 | Not collateralised | UK | |
Disclosure of financial assets [line items] | |
Financial assets and off-balance sheet loan commitments | 4 |
Rated CRR/ EL8 | Not collateralised | Hong Kong | |
Disclosure of financial assets [line items] | |
Financial assets and off-balance sheet loan commitments | 0 |
Rated CRR/ EL8 | Not collateralised | US | |
Disclosure of financial assets [line items] | |
Financial assets and off-balance sheet loan commitments | 0 |
Rated CRR/ EL8 | Fully collateralised | |
Disclosure of financial assets [line items] | |
Financial assets and off-balance sheet loan commitments | 221 |
Rated CRR/ EL8 | Fully collateralised | UK | |
Disclosure of financial assets [line items] | |
Financial assets and off-balance sheet loan commitments | 128 |
Rated CRR/ EL8 | Fully collateralised | Hong Kong | |
Disclosure of financial assets [line items] | |
Financial assets and off-balance sheet loan commitments | 0 |
Rated CRR/ EL8 | Fully collateralised | US | |
Disclosure of financial assets [line items] | |
Financial assets and off-balance sheet loan commitments | 54 |
Rated CRR/ EL8 | Partially collateralised | |
Disclosure of financial assets [line items] | |
Financial assets and off-balance sheet loan commitments | 71 |
Rated CRR/ EL8 | Partially collateralised | UK | |
Disclosure of financial assets [line items] | |
Financial assets and off-balance sheet loan commitments | 54 |
Rated CRR/ EL8 | Partially collateralised | Hong Kong | |
Disclosure of financial assets [line items] | |
Financial assets and off-balance sheet loan commitments | 0 |
Rated CRR/ EL8 | Partially collateralised | US | |
Disclosure of financial assets [line items] | |
Financial assets and off-balance sheet loan commitments | 0 |
Rated CRR/ EL9 to 10 | |
Disclosure of financial assets [line items] | |
Financial assets and off-balance sheet loan commitments | 1,266 |
Collateral value | 295 |
Rated CRR/ EL9 to 10 | UK | |
Disclosure of financial assets [line items] | |
Financial assets and off-balance sheet loan commitments | 772 |
Collateral value | 189 |
Rated CRR/ EL9 to 10 | Hong Kong | |
Disclosure of financial assets [line items] | |
Financial assets and off-balance sheet loan commitments | 12 |
Collateral value | 0 |
Rated CRR/ EL9 to 10 | US | |
Disclosure of financial assets [line items] | |
Financial assets and off-balance sheet loan commitments | 1 |
Collateral value | 0 |
Rated CRR/ EL9 to 10 | Not collateralised | |
Disclosure of financial assets [line items] | |
Financial assets and off-balance sheet loan commitments | 63 |
Rated CRR/ EL9 to 10 | Not collateralised | UK | |
Disclosure of financial assets [line items] | |
Financial assets and off-balance sheet loan commitments | 46 |
Rated CRR/ EL9 to 10 | Not collateralised | Hong Kong | |
Disclosure of financial assets [line items] | |
Financial assets and off-balance sheet loan commitments | 0 |
Rated CRR/ EL9 to 10 | Not collateralised | US | |
Disclosure of financial assets [line items] | |
Financial assets and off-balance sheet loan commitments | 1 |
Rated CRR/ EL9 to 10 | Fully collateralised | |
Disclosure of financial assets [line items] | |
Financial assets and off-balance sheet loan commitments | 717 |
Rated CRR/ EL9 to 10 | Fully collateralised | UK | |
Disclosure of financial assets [line items] | |
Financial assets and off-balance sheet loan commitments | 376 |
Rated CRR/ EL9 to 10 | Fully collateralised | Hong Kong | |
Disclosure of financial assets [line items] | |
Financial assets and off-balance sheet loan commitments | 12 |
Rated CRR/ EL9 to 10 | Fully collateralised | US | |
Disclosure of financial assets [line items] | |
Financial assets and off-balance sheet loan commitments | 0 |
Rated CRR/ EL9 to 10 | Partially collateralised | |
Disclosure of financial assets [line items] | |
Financial assets and off-balance sheet loan commitments | 486 |
Rated CRR/ EL9 to 10 | Partially collateralised | UK | |
Disclosure of financial assets [line items] | |
Financial assets and off-balance sheet loan commitments | 350 |
Rated CRR/ EL9 to 10 | Partially collateralised | Hong Kong | |
Disclosure of financial assets [line items] | |
Financial assets and off-balance sheet loan commitments | 0 |
Rated CRR/ EL9 to 10 | Partially collateralised | US | |
Disclosure of financial assets [line items] | |
Financial assets and off-balance sheet loan commitments | 0 |
– less than 50% | Rated CRR/ EL8 | |
Disclosure of financial assets [line items] | |
Financial assets and off-balance sheet loan commitments | 67 |
– less than 50% | Rated CRR/ EL8 | UK | |
Disclosure of financial assets [line items] | |
Financial assets and off-balance sheet loan commitments | 64 |
– less than 50% | Rated CRR/ EL8 | Hong Kong | |
Disclosure of financial assets [line items] | |
Financial assets and off-balance sheet loan commitments | 0 |
– less than 50% | Rated CRR/ EL8 | US | |
Disclosure of financial assets [line items] | |
Financial assets and off-balance sheet loan commitments | 0 |
– less than 50% | Rated CRR/ EL9 to 10 | |
Disclosure of financial assets [line items] | |
Financial assets and off-balance sheet loan commitments | 157 |
– less than 50% | Rated CRR/ EL9 to 10 | UK | |
Disclosure of financial assets [line items] | |
Financial assets and off-balance sheet loan commitments | 60 |
– less than 50% | Rated CRR/ EL9 to 10 | Hong Kong | |
Disclosure of financial assets [line items] | |
Financial assets and off-balance sheet loan commitments | 9 |
– less than 50% | Rated CRR/ EL9 to 10 | US | |
Disclosure of financial assets [line items] | |
Financial assets and off-balance sheet loan commitments | 0 |
– 51% to 75% | Rated CRR/ EL8 | |
Disclosure of financial assets [line items] | |
Financial assets and off-balance sheet loan commitments | 40 |
– 51% to 75% | Rated CRR/ EL8 | UK | |
Disclosure of financial assets [line items] | |
Financial assets and off-balance sheet loan commitments | 31 |
– 51% to 75% | Rated CRR/ EL8 | Hong Kong | |
Disclosure of financial assets [line items] | |
Financial assets and off-balance sheet loan commitments | 0 |
– 51% to 75% | Rated CRR/ EL8 | US | |
Disclosure of financial assets [line items] | |
Financial assets and off-balance sheet loan commitments | 0 |
– 51% to 75% | Rated CRR/ EL9 to 10 | |
Disclosure of financial assets [line items] | |
Financial assets and off-balance sheet loan commitments | 173 |
– 51% to 75% | Rated CRR/ EL9 to 10 | UK | |
Disclosure of financial assets [line items] | |
Financial assets and off-balance sheet loan commitments | 149 |
– 51% to 75% | Rated CRR/ EL9 to 10 | Hong Kong | |
Disclosure of financial assets [line items] | |
Financial assets and off-balance sheet loan commitments | 1 |
– 51% to 75% | Rated CRR/ EL9 to 10 | US | |
Disclosure of financial assets [line items] | |
Financial assets and off-balance sheet loan commitments | 0 |
– 76% to 90% | Rated CRR/ EL8 | |
Disclosure of financial assets [line items] | |
Financial assets and off-balance sheet loan commitments | 89 |
– 76% to 90% | Rated CRR/ EL8 | UK | |
Disclosure of financial assets [line items] | |
Financial assets and off-balance sheet loan commitments | 19 |
– 76% to 90% | Rated CRR/ EL8 | Hong Kong | |
Disclosure of financial assets [line items] | |
Financial assets and off-balance sheet loan commitments | 0 |
– 76% to 90% | Rated CRR/ EL8 | US | |
Disclosure of financial assets [line items] | |
Financial assets and off-balance sheet loan commitments | 54 |
– 76% to 90% | Rated CRR/ EL9 to 10 | |
Disclosure of financial assets [line items] | |
Financial assets and off-balance sheet loan commitments | 141 |
– 76% to 90% | Rated CRR/ EL9 to 10 | UK | |
Disclosure of financial assets [line items] | |
Financial assets and off-balance sheet loan commitments | 122 |
– 76% to 90% | Rated CRR/ EL9 to 10 | Hong Kong | |
Disclosure of financial assets [line items] | |
Financial assets and off-balance sheet loan commitments | 1 |
– 76% to 90% | Rated CRR/ EL9 to 10 | US | |
Disclosure of financial assets [line items] | |
Financial assets and off-balance sheet loan commitments | 0 |
– 91% to 100% | Rated CRR/ EL8 | |
Disclosure of financial assets [line items] | |
Financial assets and off-balance sheet loan commitments | 25 |
– 91% to 100% | Rated CRR/ EL8 | UK | |
Disclosure of financial assets [line items] | |
Financial assets and off-balance sheet loan commitments | 14 |
– 91% to 100% | Rated CRR/ EL8 | Hong Kong | |
Disclosure of financial assets [line items] | |
Financial assets and off-balance sheet loan commitments | 0 |
– 91% to 100% | Rated CRR/ EL8 | US | |
Disclosure of financial assets [line items] | |
Financial assets and off-balance sheet loan commitments | 0 |
– 91% to 100% | Rated CRR/ EL9 to 10 | |
Disclosure of financial assets [line items] | |
Financial assets and off-balance sheet loan commitments | 246 |
– 91% to 100% | Rated CRR/ EL9 to 10 | UK | |
Disclosure of financial assets [line items] | |
Financial assets and off-balance sheet loan commitments | 45 |
– 91% to 100% | Rated CRR/ EL9 to 10 | Hong Kong | |
Disclosure of financial assets [line items] | |
Financial assets and off-balance sheet loan commitments | 1 |
– 91% to 100% | Rated CRR/ EL9 to 10 | US | |
Disclosure of financial assets [line items] | |
Financial assets and off-balance sheet loan commitments | $ 0 |
Report Of The Directors Fina_29
Report Of The Directors Financial Review Risk Report - Other corporate, commercial and non-bank financial institutions loans and advances including loan commitments by level ofcollateral rated CRR/EL 8 to 10 only (Details) - Other corporate, commerical, and non-bank financial institutions loans and advances including loan commitments - Loans and advances to customers and banks $ in Millions | Dec. 31, 2017USD ($) |
Disclosure of financial assets [line items] | |
Financial assets and off-balance sheet loan commitments | $ 12,825 |
Rated CRR/ EL8 | |
Disclosure of financial assets [line items] | |
Financial assets and off-balance sheet loan commitments | 4,769 |
Collateral value | 206 |
Rated CRR/ EL9 to 10 | |
Disclosure of financial assets [line items] | |
Financial assets and off-balance sheet loan commitments | 8,056 |
Collateral value | 877 |
Not collateralised | Rated CRR/ EL8 | |
Disclosure of financial assets [line items] | |
Financial assets and off-balance sheet loan commitments | 3,722 |
Not collateralised | Rated CRR/ EL9 to 10 | |
Disclosure of financial assets [line items] | |
Financial assets and off-balance sheet loan commitments | 3,734 |
Fully collateralised | Rated CRR/ EL8 | |
Disclosure of financial assets [line items] | |
Financial assets and off-balance sheet loan commitments | 554 |
Fully collateralised | Rated CRR/ EL9 to 10 | |
Disclosure of financial assets [line items] | |
Financial assets and off-balance sheet loan commitments | 2,572 |
Partially collateralised | Rated CRR/ EL8 | |
Disclosure of financial assets [line items] | |
Financial assets and off-balance sheet loan commitments | 493 |
Partially collateralised | Rated CRR/ EL9 to 10 | |
Disclosure of financial assets [line items] | |
Financial assets and off-balance sheet loan commitments | 1,750 |
UK | |
Disclosure of financial assets [line items] | |
Financial assets and off-balance sheet loan commitments | 3,644 |
UK | Rated CRR/ EL8 | |
Disclosure of financial assets [line items] | |
Financial assets and off-balance sheet loan commitments | 515 |
Collateral value | 59 |
UK | Rated CRR/ EL9 to 10 | |
Disclosure of financial assets [line items] | |
Financial assets and off-balance sheet loan commitments | 3,129 |
Collateral value | 209 |
UK | Not collateralised | Rated CRR/ EL8 | |
Disclosure of financial assets [line items] | |
Financial assets and off-balance sheet loan commitments | 319 |
UK | Not collateralised | Rated CRR/ EL9 to 10 | |
Disclosure of financial assets [line items] | |
Financial assets and off-balance sheet loan commitments | 1,508 |
UK | Fully collateralised | Rated CRR/ EL8 | |
Disclosure of financial assets [line items] | |
Financial assets and off-balance sheet loan commitments | 104 |
UK | Fully collateralised | Rated CRR/ EL9 to 10 | |
Disclosure of financial assets [line items] | |
Financial assets and off-balance sheet loan commitments | 1,223 |
UK | Partially collateralised | Rated CRR/ EL8 | |
Disclosure of financial assets [line items] | |
Financial assets and off-balance sheet loan commitments | 92 |
UK | Partially collateralised | Rated CRR/ EL9 to 10 | |
Disclosure of financial assets [line items] | |
Financial assets and off-balance sheet loan commitments | 398 |
Hong Kong | |
Disclosure of financial assets [line items] | |
Financial assets and off-balance sheet loan commitments | 931 |
Hong Kong | Rated CRR/ EL8 | |
Disclosure of financial assets [line items] | |
Financial assets and off-balance sheet loan commitments | 155 |
Collateral value | 10 |
Hong Kong | Rated CRR/ EL9 to 10 | |
Disclosure of financial assets [line items] | |
Financial assets and off-balance sheet loan commitments | 776 |
Collateral value | 123 |
Hong Kong | Not collateralised | Rated CRR/ EL8 | |
Disclosure of financial assets [line items] | |
Financial assets and off-balance sheet loan commitments | 15 |
Hong Kong | Not collateralised | Rated CRR/ EL9 to 10 | |
Disclosure of financial assets [line items] | |
Financial assets and off-balance sheet loan commitments | 511 |
Hong Kong | Fully collateralised | Rated CRR/ EL8 | |
Disclosure of financial assets [line items] | |
Financial assets and off-balance sheet loan commitments | 5 |
Hong Kong | Fully collateralised | Rated CRR/ EL9 to 10 | |
Disclosure of financial assets [line items] | |
Financial assets and off-balance sheet loan commitments | 98 |
Hong Kong | Partially collateralised | Rated CRR/ EL8 | |
Disclosure of financial assets [line items] | |
Financial assets and off-balance sheet loan commitments | 135 |
Hong Kong | Partially collateralised | Rated CRR/ EL9 to 10 | |
Disclosure of financial assets [line items] | |
Financial assets and off-balance sheet loan commitments | 167 |
US | |
Disclosure of financial assets [line items] | |
Financial assets and off-balance sheet loan commitments | 2,543 |
US | Rated CRR/ EL8 | |
Disclosure of financial assets [line items] | |
Financial assets and off-balance sheet loan commitments | 1,798 |
Collateral value | 21 |
US | Rated CRR/ EL9 to 10 | |
Disclosure of financial assets [line items] | |
Financial assets and off-balance sheet loan commitments | 745 |
Collateral value | 300 |
US | Not collateralised | Rated CRR/ EL8 | |
Disclosure of financial assets [line items] | |
Financial assets and off-balance sheet loan commitments | 1,708 |
US | Not collateralised | Rated CRR/ EL9 to 10 | |
Disclosure of financial assets [line items] | |
Financial assets and off-balance sheet loan commitments | 3 |
US | Fully collateralised | Rated CRR/ EL8 | |
Disclosure of financial assets [line items] | |
Financial assets and off-balance sheet loan commitments | 48 |
US | Fully collateralised | Rated CRR/ EL9 to 10 | |
Disclosure of financial assets [line items] | |
Financial assets and off-balance sheet loan commitments | 317 |
US | Partially collateralised | Rated CRR/ EL8 | |
Disclosure of financial assets [line items] | |
Financial assets and off-balance sheet loan commitments | 42 |
US | Partially collateralised | Rated CRR/ EL9 to 10 | |
Disclosure of financial assets [line items] | |
Financial assets and off-balance sheet loan commitments | 425 |
– less than 50% | Rated CRR/ EL8 | |
Disclosure of financial assets [line items] | |
Financial assets and off-balance sheet loan commitments | 188 |
– less than 50% | Rated CRR/ EL9 to 10 | |
Disclosure of financial assets [line items] | |
Financial assets and off-balance sheet loan commitments | 804 |
– less than 50% | UK | Rated CRR/ EL8 | |
Disclosure of financial assets [line items] | |
Financial assets and off-balance sheet loan commitments | 25 |
– less than 50% | UK | Rated CRR/ EL9 to 10 | |
Disclosure of financial assets [line items] | |
Financial assets and off-balance sheet loan commitments | 516 |
– less than 50% | Hong Kong | Rated CRR/ EL8 | |
Disclosure of financial assets [line items] | |
Financial assets and off-balance sheet loan commitments | 3 |
– less than 50% | Hong Kong | Rated CRR/ EL9 to 10 | |
Disclosure of financial assets [line items] | |
Financial assets and off-balance sheet loan commitments | 60 |
– less than 50% | US | Rated CRR/ EL8 | |
Disclosure of financial assets [line items] | |
Financial assets and off-balance sheet loan commitments | 7 |
– less than 50% | US | Rated CRR/ EL9 to 10 | |
Disclosure of financial assets [line items] | |
Financial assets and off-balance sheet loan commitments | 0 |
– 51% to 75% | Rated CRR/ EL8 | |
Disclosure of financial assets [line items] | |
Financial assets and off-balance sheet loan commitments | 157 |
– 51% to 75% | Rated CRR/ EL9 to 10 | |
Disclosure of financial assets [line items] | |
Financial assets and off-balance sheet loan commitments | 606 |
– 51% to 75% | UK | Rated CRR/ EL8 | |
Disclosure of financial assets [line items] | |
Financial assets and off-balance sheet loan commitments | 66 |
– 51% to 75% | UK | Rated CRR/ EL9 to 10 | |
Disclosure of financial assets [line items] | |
Financial assets and off-balance sheet loan commitments | 403 |
– 51% to 75% | Hong Kong | Rated CRR/ EL8 | |
Disclosure of financial assets [line items] | |
Financial assets and off-balance sheet loan commitments | 2 |
– 51% to 75% | Hong Kong | Rated CRR/ EL9 to 10 | |
Disclosure of financial assets [line items] | |
Financial assets and off-balance sheet loan commitments | 10 |
– 51% to 75% | US | Rated CRR/ EL8 | |
Disclosure of financial assets [line items] | |
Financial assets and off-balance sheet loan commitments | 34 |
– 51% to 75% | US | Rated CRR/ EL9 to 10 | |
Disclosure of financial assets [line items] | |
Financial assets and off-balance sheet loan commitments | 6 |
– 76% to 90% | Rated CRR/ EL8 | |
Disclosure of financial assets [line items] | |
Financial assets and off-balance sheet loan commitments | 39 |
– 76% to 90% | Rated CRR/ EL9 to 10 | |
Disclosure of financial assets [line items] | |
Financial assets and off-balance sheet loan commitments | 398 |
– 76% to 90% | UK | Rated CRR/ EL8 | |
Disclosure of financial assets [line items] | |
Financial assets and off-balance sheet loan commitments | 11 |
– 76% to 90% | UK | Rated CRR/ EL9 to 10 | |
Disclosure of financial assets [line items] | |
Financial assets and off-balance sheet loan commitments | 235 |
– 76% to 90% | Hong Kong | Rated CRR/ EL8 | |
Disclosure of financial assets [line items] | |
Financial assets and off-balance sheet loan commitments | 0 |
– 76% to 90% | Hong Kong | Rated CRR/ EL9 to 10 | |
Disclosure of financial assets [line items] | |
Financial assets and off-balance sheet loan commitments | 21 |
– 76% to 90% | US | Rated CRR/ EL8 | |
Disclosure of financial assets [line items] | |
Financial assets and off-balance sheet loan commitments | 2 |
– 76% to 90% | US | Rated CRR/ EL9 to 10 | |
Disclosure of financial assets [line items] | |
Financial assets and off-balance sheet loan commitments | 0 |
– 91% to 100% | Rated CRR/ EL8 | |
Disclosure of financial assets [line items] | |
Financial assets and off-balance sheet loan commitments | 170 |
– 91% to 100% | Rated CRR/ EL9 to 10 | |
Disclosure of financial assets [line items] | |
Financial assets and off-balance sheet loan commitments | 764 |
– 91% to 100% | UK | Rated CRR/ EL8 | |
Disclosure of financial assets [line items] | |
Financial assets and off-balance sheet loan commitments | 2 |
– 91% to 100% | UK | Rated CRR/ EL9 to 10 | |
Disclosure of financial assets [line items] | |
Financial assets and off-balance sheet loan commitments | 69 |
– 91% to 100% | Hong Kong | Rated CRR/ EL8 | |
Disclosure of financial assets [line items] | |
Financial assets and off-balance sheet loan commitments | 0 |
– 91% to 100% | Hong Kong | Rated CRR/ EL9 to 10 | |
Disclosure of financial assets [line items] | |
Financial assets and off-balance sheet loan commitments | 7 |
– 91% to 100% | US | Rated CRR/ EL8 | |
Disclosure of financial assets [line items] | |
Financial assets and off-balance sheet loan commitments | 5 |
– 91% to 100% | US | Rated CRR/ EL9 to 10 | |
Disclosure of financial assets [line items] | |
Financial assets and off-balance sheet loan commitments | $ 311 |
Report Of The Directors Fina_30
Report Of The Directors Financial Review Risk Report - Residential mortgage loans including loan commitments by level of collateral (Details) - – personal - Loans and advances to customers $ in Millions | Dec. 31, 2017USD ($) |
Disclosure of financial assets [line items] | |
Financial assets and off-balance sheet loan commitments | $ 291,094 |
US | |
Disclosure of financial assets [line items] | |
Financial assets and off-balance sheet loan commitments | 17,414 |
Hong Kong | |
Disclosure of financial assets [line items] | |
Financial assets and off-balance sheet loan commitments | 72,119 |
UK | |
Disclosure of financial assets [line items] | |
Financial assets and off-balance sheet loan commitments | 125,956 |
Impaired | |
Disclosure of financial assets [line items] | |
Financial assets and off-balance sheet loan commitments | 3,346 |
Impaired | US | |
Disclosure of financial assets [line items] | |
Financial assets and off-balance sheet loan commitments | 1,174 |
Impaired | Hong Kong | |
Disclosure of financial assets [line items] | |
Financial assets and off-balance sheet loan commitments | 46 |
Impaired | UK | |
Disclosure of financial assets [line items] | |
Financial assets and off-balance sheet loan commitments | 1,046 |
Financial assets not impaired | |
Disclosure of financial assets [line items] | |
Financial assets and off-balance sheet loan commitments | 287,748 |
Financial assets not impaired | US | |
Disclosure of financial assets [line items] | |
Financial assets and off-balance sheet loan commitments | 16,240 |
Financial assets not impaired | Hong Kong | |
Disclosure of financial assets [line items] | |
Financial assets and off-balance sheet loan commitments | 72,073 |
Financial assets not impaired | UK | |
Disclosure of financial assets [line items] | |
Financial assets and off-balance sheet loan commitments | 124,910 |
Partially collateralised | Impaired | |
Disclosure of financial assets [line items] | |
Collateral value | 269 |
Financial assets and off-balance sheet loan commitments | 101 |
Partially collateralised | Impaired | US | |
Disclosure of financial assets [line items] | |
Collateral value | 33 |
Financial assets and off-balance sheet loan commitments | 19 |
Partially collateralised | Impaired | Hong Kong | |
Disclosure of financial assets [line items] | |
Collateral value | 0 |
Financial assets and off-balance sheet loan commitments | 0 |
Partially collateralised | Impaired | UK | |
Disclosure of financial assets [line items] | |
Collateral value | 31 |
Financial assets and off-balance sheet loan commitments | 15 |
Partially collateralised | Impaired | Greater than 100% | |
Disclosure of financial assets [line items] | |
Financial assets and off-balance sheet loan commitments | 342 |
Partially collateralised | Impaired | Greater than 100% | US | |
Disclosure of financial assets [line items] | |
Financial assets and off-balance sheet loan commitments | 36 |
Partially collateralised | Impaired | Greater than 100% | Hong Kong | |
Disclosure of financial assets [line items] | |
Financial assets and off-balance sheet loan commitments | 0 |
Partially collateralised | Impaired | Greater than 100% | UK | |
Disclosure of financial assets [line items] | |
Financial assets and off-balance sheet loan commitments | 38 |
Partially collateralised | Impaired | – greater than 120% | |
Disclosure of financial assets [line items] | |
Financial assets and off-balance sheet loan commitments | 180 |
Partially collateralised | Impaired | – greater than 120% | US | |
Disclosure of financial assets [line items] | |
Financial assets and off-balance sheet loan commitments | 6 |
Partially collateralised | Impaired | – greater than 120% | Hong Kong | |
Disclosure of financial assets [line items] | |
Financial assets and off-balance sheet loan commitments | 0 |
Partially collateralised | Impaired | – greater than 120% | UK | |
Disclosure of financial assets [line items] | |
Financial assets and off-balance sheet loan commitments | 18 |
Partially collateralised | Impaired | – 111% to 120% | |
Disclosure of financial assets [line items] | |
Financial assets and off-balance sheet loan commitments | 61 |
Partially collateralised | Impaired | – 111% to 120% | US | |
Disclosure of financial assets [line items] | |
Financial assets and off-balance sheet loan commitments | 11 |
Partially collateralised | Impaired | – 111% to 120% | Hong Kong | |
Disclosure of financial assets [line items] | |
Financial assets and off-balance sheet loan commitments | 0 |
Partially collateralised | Impaired | – 111% to 120% | UK | |
Disclosure of financial assets [line items] | |
Financial assets and off-balance sheet loan commitments | 5 |
Partially collateralised | Financial assets not impaired | |
Disclosure of financial assets [line items] | |
Collateral value | 550 |
Financial assets and off-balance sheet loan commitments | 270 |
Partially collateralised | Financial assets not impaired | US | |
Disclosure of financial assets [line items] | |
Collateral value | 0 |
Financial assets and off-balance sheet loan commitments | 0 |
Partially collateralised | Financial assets not impaired | Hong Kong | |
Disclosure of financial assets [line items] | |
Collateral value | 0 |
Financial assets and off-balance sheet loan commitments | 0 |
Partially collateralised | Financial assets not impaired | UK | |
Disclosure of financial assets [line items] | |
Collateral value | 125 |
Financial assets and off-balance sheet loan commitments | 89 |
Partially collateralised | Financial assets not impaired | Greater than 100% | |
Disclosure of financial assets [line items] | |
Financial assets and off-balance sheet loan commitments | 660 |
Partially collateralised | Financial assets not impaired | Greater than 100% | US | |
Disclosure of financial assets [line items] | |
Financial assets and off-balance sheet loan commitments | 0 |
Partially collateralised | Financial assets not impaired | Greater than 100% | Hong Kong | |
Disclosure of financial assets [line items] | |
Financial assets and off-balance sheet loan commitments | 0 |
Partially collateralised | Financial assets not impaired | Greater than 100% | UK | |
Disclosure of financial assets [line items] | |
Financial assets and off-balance sheet loan commitments | 174 |
Partially collateralised | Financial assets not impaired | – greater than 120% | |
Disclosure of financial assets [line items] | |
Financial assets and off-balance sheet loan commitments | 269 |
Partially collateralised | Financial assets not impaired | – greater than 120% | US | |
Disclosure of financial assets [line items] | |
Financial assets and off-balance sheet loan commitments | 0 |
Partially collateralised | Financial assets not impaired | – greater than 120% | Hong Kong | |
Disclosure of financial assets [line items] | |
Financial assets and off-balance sheet loan commitments | 0 |
Partially collateralised | Financial assets not impaired | – greater than 120% | UK | |
Disclosure of financial assets [line items] | |
Financial assets and off-balance sheet loan commitments | 69 |
Partially collateralised | Financial assets not impaired | – 111% to 120% | |
Disclosure of financial assets [line items] | |
Financial assets and off-balance sheet loan commitments | 121 |
Partially collateralised | Financial assets not impaired | – 111% to 120% | US | |
Disclosure of financial assets [line items] | |
Financial assets and off-balance sheet loan commitments | 0 |
Partially collateralised | Financial assets not impaired | – 111% to 120% | Hong Kong | |
Disclosure of financial assets [line items] | |
Financial assets and off-balance sheet loan commitments | 0 |
Partially collateralised | Financial assets not impaired | – 111% to 120% | UK | |
Disclosure of financial assets [line items] | |
Financial assets and off-balance sheet loan commitments | 16 |
Fully collateralised | Impaired | |
Disclosure of financial assets [line items] | |
Financial assets and off-balance sheet loan commitments | 3,004 |
Fully collateralised | Impaired | US | |
Disclosure of financial assets [line items] | |
Financial assets and off-balance sheet loan commitments | 1,138 |
Fully collateralised | Impaired | Hong Kong | |
Disclosure of financial assets [line items] | |
Financial assets and off-balance sheet loan commitments | 46 |
Fully collateralised | Impaired | UK | |
Disclosure of financial assets [line items] | |
Financial assets and off-balance sheet loan commitments | 1,008 |
Fully collateralised | Impaired | – LTV ratio: less than 50% | |
Disclosure of financial assets [line items] | |
Financial assets and off-balance sheet loan commitments | 1,238 |
Fully collateralised | Impaired | – LTV ratio: less than 50% | US | |
Disclosure of financial assets [line items] | |
Financial assets and off-balance sheet loan commitments | 414 |
Fully collateralised | Impaired | – LTV ratio: less than 50% | Hong Kong | |
Disclosure of financial assets [line items] | |
Financial assets and off-balance sheet loan commitments | 42 |
Fully collateralised | Impaired | – LTV ratio: less than 50% | UK | |
Disclosure of financial assets [line items] | |
Financial assets and off-balance sheet loan commitments | 538 |
Fully collateralised | Impaired | – 51% to 60% | |
Disclosure of financial assets [line items] | |
Financial assets and off-balance sheet loan commitments | 518 |
Fully collateralised | Impaired | – 51% to 60% | US | |
Disclosure of financial assets [line items] | |
Financial assets and off-balance sheet loan commitments | 207 |
Fully collateralised | Impaired | – 51% to 60% | Hong Kong | |
Disclosure of financial assets [line items] | |
Financial assets and off-balance sheet loan commitments | 3 |
Fully collateralised | Impaired | – 51% to 60% | UK | |
Disclosure of financial assets [line items] | |
Financial assets and off-balance sheet loan commitments | 196 |
Fully collateralised | Impaired | – 61% to 70% | |
Disclosure of financial assets [line items] | |
Financial assets and off-balance sheet loan commitments | 416 |
Fully collateralised | Impaired | – 61% to 70% | US | |
Disclosure of financial assets [line items] | |
Financial assets and off-balance sheet loan commitments | 178 |
Fully collateralised | Impaired | – 61% to 70% | Hong Kong | |
Disclosure of financial assets [line items] | |
Financial assets and off-balance sheet loan commitments | 0 |
Fully collateralised | Impaired | – 61% to 70% | UK | |
Disclosure of financial assets [line items] | |
Financial assets and off-balance sheet loan commitments | 130 |
Fully collateralised | Impaired | – 71% to 80% | |
Disclosure of financial assets [line items] | |
Financial assets and off-balance sheet loan commitments | 354 |
Fully collateralised | Impaired | – 71% to 80% | US | |
Disclosure of financial assets [line items] | |
Financial assets and off-balance sheet loan commitments | 160 |
Fully collateralised | Impaired | – 71% to 80% | Hong Kong | |
Disclosure of financial assets [line items] | |
Financial assets and off-balance sheet loan commitments | 1 |
Fully collateralised | Impaired | – 71% to 80% | UK | |
Disclosure of financial assets [line items] | |
Financial assets and off-balance sheet loan commitments | 85 |
Fully collateralised | Impaired | – 81% to 90% | |
Disclosure of financial assets [line items] | |
Financial assets and off-balance sheet loan commitments | 323 |
Fully collateralised | Impaired | – 81% to 90% | US | |
Disclosure of financial assets [line items] | |
Financial assets and off-balance sheet loan commitments | 115 |
Fully collateralised | Impaired | – 81% to 90% | Hong Kong | |
Disclosure of financial assets [line items] | |
Financial assets and off-balance sheet loan commitments | 0 |
Fully collateralised | Impaired | – 81% to 90% | UK | |
Disclosure of financial assets [line items] | |
Financial assets and off-balance sheet loan commitments | 40 |
Fully collateralised | Impaired | – 91% to 100% | |
Disclosure of financial assets [line items] | |
Financial assets and off-balance sheet loan commitments | 155 |
Fully collateralised | Impaired | – 91% to 100% | US | |
Disclosure of financial assets [line items] | |
Financial assets and off-balance sheet loan commitments | 64 |
Fully collateralised | Impaired | – 91% to 100% | Hong Kong | |
Disclosure of financial assets [line items] | |
Financial assets and off-balance sheet loan commitments | 0 |
Fully collateralised | Impaired | – 91% to 100% | UK | |
Disclosure of financial assets [line items] | |
Financial assets and off-balance sheet loan commitments | 19 |
Fully collateralised | Financial assets not impaired | |
Disclosure of financial assets [line items] | |
Financial assets and off-balance sheet loan commitments | 287,088 |
Fully collateralised | Financial assets not impaired | US | |
Disclosure of financial assets [line items] | |
Financial assets and off-balance sheet loan commitments | 16,240 |
Fully collateralised | Financial assets not impaired | Hong Kong | |
Disclosure of financial assets [line items] | |
Financial assets and off-balance sheet loan commitments | 72,073 |
Fully collateralised | Financial assets not impaired | UK | |
Disclosure of financial assets [line items] | |
Financial assets and off-balance sheet loan commitments | 124,736 |
Fully collateralised | Financial assets not impaired | – LTV ratio: less than 50% | |
Disclosure of financial assets [line items] | |
Financial assets and off-balance sheet loan commitments | 164,110 |
Fully collateralised | Financial assets not impaired | – LTV ratio: less than 50% | US | |
Disclosure of financial assets [line items] | |
Financial assets and off-balance sheet loan commitments | 7,868 |
Fully collateralised | Financial assets not impaired | – LTV ratio: less than 50% | Hong Kong | |
Disclosure of financial assets [line items] | |
Financial assets and off-balance sheet loan commitments | 55,237 |
Fully collateralised | Financial assets not impaired | – LTV ratio: less than 50% | UK | |
Disclosure of financial assets [line items] | |
Financial assets and off-balance sheet loan commitments | 69,679 |
Fully collateralised | Financial assets not impaired | – 51% to 60% | |
Disclosure of financial assets [line items] | |
Financial assets and off-balance sheet loan commitments | 48,287 |
Fully collateralised | Financial assets not impaired | – 51% to 60% | US | |
Disclosure of financial assets [line items] | |
Financial assets and off-balance sheet loan commitments | 4,180 |
Fully collateralised | Financial assets not impaired | – 51% to 60% | Hong Kong | |
Disclosure of financial assets [line items] | |
Financial assets and off-balance sheet loan commitments | 8,340 |
Fully collateralised | Financial assets not impaired | – 51% to 60% | UK | |
Disclosure of financial assets [line items] | |
Financial assets and off-balance sheet loan commitments | 20,706 |
Fully collateralised | Financial assets not impaired | – 61% to 70% | |
Disclosure of financial assets [line items] | |
Financial assets and off-balance sheet loan commitments | 37,054 |
Fully collateralised | Financial assets not impaired | – 61% to 70% | US | |
Disclosure of financial assets [line items] | |
Financial assets and off-balance sheet loan commitments | 2,832 |
Fully collateralised | Financial assets not impaired | – 61% to 70% | Hong Kong | |
Disclosure of financial assets [line items] | |
Financial assets and off-balance sheet loan commitments | 3,282 |
Fully collateralised | Financial assets not impaired | – 61% to 70% | UK | |
Disclosure of financial assets [line items] | |
Financial assets and off-balance sheet loan commitments | 15,422 |
Fully collateralised | Financial assets not impaired | – 71% to 80% | |
Disclosure of financial assets [line items] | |
Financial assets and off-balance sheet loan commitments | 25,893 |
Fully collateralised | Financial assets not impaired | – 71% to 80% | US | |
Disclosure of financial assets [line items] | |
Financial assets and off-balance sheet loan commitments | 1,312 |
Fully collateralised | Financial assets not impaired | – 71% to 80% | Hong Kong | |
Disclosure of financial assets [line items] | |
Financial assets and off-balance sheet loan commitments | 3,402 |
Fully collateralised | Financial assets not impaired | – 71% to 80% | UK | |
Disclosure of financial assets [line items] | |
Financial assets and off-balance sheet loan commitments | 11,992 |
Fully collateralised | Financial assets not impaired | – 81% to 90% | |
Disclosure of financial assets [line items] | |
Financial assets and off-balance sheet loan commitments | 9,445 |
Fully collateralised | Financial assets not impaired | – 81% to 90% | US | |
Disclosure of financial assets [line items] | |
Financial assets and off-balance sheet loan commitments | 42 |
Fully collateralised | Financial assets not impaired | – 81% to 90% | Hong Kong | |
Disclosure of financial assets [line items] | |
Financial assets and off-balance sheet loan commitments | 1,376 |
Fully collateralised | Financial assets not impaired | – 81% to 90% | UK | |
Disclosure of financial assets [line items] | |
Financial assets and off-balance sheet loan commitments | 5,824 |
Fully collateralised | Financial assets not impaired | – 91% to 100% | |
Disclosure of financial assets [line items] | |
Financial assets and off-balance sheet loan commitments | 2,299 |
Fully collateralised | Financial assets not impaired | – 91% to 100% | US | |
Disclosure of financial assets [line items] | |
Financial assets and off-balance sheet loan commitments | 6 |
Fully collateralised | Financial assets not impaired | – 91% to 100% | Hong Kong | |
Disclosure of financial assets [line items] | |
Financial assets and off-balance sheet loan commitments | 436 |
Fully collateralised | Financial assets not impaired | – 91% to 100% | UK | |
Disclosure of financial assets [line items] | |
Financial assets and off-balance sheet loan commitments | $ 1,113 |
Report Of The Directors Fina_31
Report Of The Directors Financial Review Risk Report - Sources of funding and uses (Details) - USD ($) $ in Millions | Dec. 31, 2018 | Jan. 01, 2018 | [1] | Dec. 31, 2017 | Dec. 31, 2016 |
Schedule of Funding Sources And Funding Uses [Line Items] | |||||
Equity and liabilities | $ 2,558,124 | $ 2,518,430 | $ 2,521,771 | ||
Assets | 2,558,124 | $ 2,518,430 | 2,521,771 | $ 2,374,986 | |
Loans and advances to customers | |||||
Schedule of Funding Sources And Funding Uses [Line Items] | |||||
Funding uses | 981,696 | 962,964 | |||
Loans and advances to banks | |||||
Schedule of Funding Sources And Funding Uses [Line Items] | |||||
Funding uses | 72,167 | 90,393 | |||
Reverse repurchase agreements - non-trading | |||||
Schedule of Funding Sources And Funding Uses [Line Items] | |||||
Funding uses | 242,804 | 201,553 | |||
Prepayments, accrued income and other assets | |||||
Schedule of Funding Sources And Funding Uses [Line Items] | |||||
Funding uses | 47,159 | ||||
Prepayments, accrued income and other assets | Cash collateral, margin and settlement accounts | |||||
Schedule of Funding Sources And Funding Uses [Line Items] | |||||
Funding uses | 47,159 | ||||
Assets held for sale | |||||
Schedule of Funding Sources And Funding Uses [Line Items] | |||||
Funding uses | 735 | 781 | |||
Trading | |||||
Schedule of Funding Sources And Funding Uses [Line Items] | |||||
Funding uses | 238,130 | 287,995 | |||
Trading | Reverse repos | |||||
Schedule of Funding Sources And Funding Uses [Line Items] | |||||
Funding uses | 9,893 | 10,224 | |||
Trading | Stock borrowing | |||||
Schedule of Funding Sources And Funding Uses [Line Items] | |||||
Funding uses | 8,387 | 6,895 | |||
Trading | Settlement accounts | |||||
Schedule of Funding Sources And Funding Uses [Line Items] | |||||
Funding uses | 15,258 | ||||
Trading | Other trading assets | |||||
Schedule of Funding Sources And Funding Uses [Line Items] | |||||
Funding uses | 219,850 | 255,618 | |||
Financial investments | |||||
Schedule of Funding Sources And Funding Uses [Line Items] | |||||
Funding uses | 407,433 | 389,076 | |||
Cash and balances at central banks | |||||
Schedule of Funding Sources And Funding Uses [Line Items] | |||||
Funding uses | 162,843 | 180,624 | |||
Other balance sheet assets | |||||
Schedule of Funding Sources And Funding Uses [Line Items] | |||||
Funding uses | 405,157 | 408,385 | |||
Customer accounts | |||||
Schedule of Funding Sources And Funding Uses [Line Items] | |||||
Funded amount | 1,362,643 | 1,364,462 | |||
Deposits by banks | |||||
Schedule of Funding Sources And Funding Uses [Line Items] | |||||
Funded amount | 56,331 | 69,922 | |||
Repurchase agreements, non-trading | |||||
Schedule of Funding Sources And Funding Uses [Line Items] | |||||
Funded amount | 165,884 | 130,002 | |||
Debt securities | |||||
Schedule of Funding Sources And Funding Uses [Line Items] | |||||
Funded amount | 85,342 | 64,546 | |||
Accruals, deferred income and other liabilities | Cash collateral, margin and settlement accounts | |||||
Schedule of Funding Sources And Funding Uses [Line Items] | |||||
Funded amount | 54,066 | ||||
Liabilities of disposal groups held for sale | |||||
Schedule of Funding Sources And Funding Uses [Line Items] | |||||
Funded amount | 313 | 1,286 | |||
Subordinated liabilities | |||||
Schedule of Funding Sources And Funding Uses [Line Items] | |||||
Funded amount | 22,437 | 19,826 | |||
Financial liabilities designated at fair value | |||||
Schedule of Funding Sources And Funding Uses [Line Items] | |||||
Funded amount | 148,505 | 94,429 | |||
Liabilities under insurance contracts | |||||
Schedule of Funding Sources And Funding Uses [Line Items] | |||||
Funded amount | 87,330 | 85,667 | |||
Trading liabilities | |||||
Schedule of Funding Sources And Funding Uses [Line Items] | |||||
Funded amount | 84,431 | 184,361 | |||
Trading liabilities | Reverse repurchase agreements – non-trading | |||||
Schedule of Funding Sources And Funding Uses [Line Items] | |||||
Funded amount | 1,495 | 2,255 | |||
Trading liabilities | Stock lending | |||||
Schedule of Funding Sources And Funding Uses [Line Items] | |||||
Funded amount | 10,998 | 8,363 | |||
Trading liabilities | Settlement accounts | |||||
Schedule of Funding Sources And Funding Uses [Line Items] | |||||
Funded amount | 11,198 | ||||
Trading liabilities | Other trading liabilities | |||||
Schedule of Funding Sources And Funding Uses [Line Items] | |||||
Funded amount | 71,938 | 162,545 | |||
Equity | |||||
Schedule of Funding Sources And Funding Uses [Line Items] | |||||
Funded amount | 194,249 | 197,871 | |||
Other balance sheet liabilities | |||||
Schedule of Funding Sources And Funding Uses [Line Items] | |||||
Funded amount | $ 296,593 | $ 309,399 | |||
[1] | Balances at 1 January 2018 have been prepared in accordance with accounting policies referred to on page 263. 31 December 2017 balances have not been re-presented. Information regarding the effects of adoption of IFRS 9 can be found in Note 37. |
Report Of The Directors Fina_32
Report Of The Directors Financial Review Risk Report - Cash flows payable by HSBC under financial liabilities by remaining contractual maturities (Details) - USD ($) $ in Millions | Dec. 31, 2018 | Dec. 31, 2017 |
On demand | ||
Disclosure of maturity analysis for non-derivative financial liabilities [line items] | ||
Deposits by banks | $ 35,544 | $ 48,247 |
Customer accounts | 1,082,007 | 1,159,962 |
Repurchase agreements – non-trading | 5,929 | 20,550 |
Trading liabilities | 84,431 | 184,361 |
Financial liabilities designated at fair value | 217 | 715 |
Derivatives | 204,062 | 212,797 |
Debt securities in issue | 236 | 11 |
Subordinated liabilities | 0 | 3 |
Other financial liabilities | 100,268 | 48,407 |
Cash flows payable under financial liabilities | 1,512,694 | 1,675,053 |
Loan and other credit-related commitments | 685,650 | 570,132 |
Financial guarantees | 22,942 | 23,944 |
Cash flows payable under financial liabilities and other contractual commitments | $ 2,221,286 | $ 2,269,129 |
Proportion of cash flows payable in period | 71.00% | 75.00% |
Due within 3 months | ||
Disclosure of maturity analysis for non-derivative financial liabilities [line items] | ||
Deposits by banks | $ 10,482 | $ 10,596 |
Customer accounts | 211,811 | 153,018 |
Repurchase agreements – non-trading | 156,752 | 106,236 |
Trading liabilities | 0 | 0 |
Financial liabilities designated at fair value | 8,737 | 1,249 |
Derivatives | 360 | 219 |
Debt securities in issue | 18,253 | 12,624 |
Subordinated liabilities | 438 | 2,227 |
Other financial liabilities | 19,056 | 18,780 |
Cash flows payable under financial liabilities | 425,889 | 304,949 |
Loan and other credit-related commitments | 92,186 | 138,542 |
Financial guarantees | 113 | 268 |
Cash flows payable under financial liabilities and other contractual commitments | $ 518,188 | $ 443,759 |
Proportion of cash flows payable in period | 17.00% | 15.00% |
Due between 3 and 12 months | ||
Disclosure of maturity analysis for non-derivative financial liabilities [line items] | ||
Deposits by banks | $ 2,419 | $ 1,877 |
Customer accounts | 62,963 | 44,348 |
Repurchase agreements – non-trading | 2,487 | 2,270 |
Trading liabilities | 0 | 0 |
Financial liabilities designated at fair value | 15,591 | 7,117 |
Derivatives | 927 | 1,221 |
Debt securities in issue | 24,902 | 21,066 |
Subordinated liabilities | 793 | 841 |
Other financial liabilities | 4,694 | 3,701 |
Cash flows payable under financial liabilities | 114,776 | 82,441 |
Loan and other credit-related commitments | 1,109 | 10,602 |
Financial guarantees | 289 | 821 |
Cash flows payable under financial liabilities and other contractual commitments | $ 116,174 | $ 93,864 |
Proportion of cash flows payable in period | 4.00% | 3.00% |
1 to 5 years | ||
Disclosure of maturity analysis for non-derivative financial liabilities [line items] | ||
Deposits by banks | $ 7,507 | $ 7,814 |
Customer accounts | 7,617 | 7,238 |
Repurchase agreements – non-trading | 950 | 1,085 |
Trading liabilities | 0 | 0 |
Financial liabilities designated at fair value | 75,578 | 39,596 |
Derivatives | 2,065 | 3,170 |
Debt securities in issue | 36,599 | 25,654 |
Subordinated liabilities | 7,600 | 7,011 |
Other financial liabilities | 2,367 | 1,994 |
Cash flows payable under financial liabilities | 140,283 | 93,562 |
Loan and other credit-related commitments | 944 | 7,860 |
Financial guarantees | 160 | 785 |
Cash flows payable under financial liabilities and other contractual commitments | $ 141,387 | $ 102,207 |
Proportion of cash flows payable in period | 5.00% | 4.00% |
More than 5 years | ||
Disclosure of maturity analysis for non-derivative financial liabilities [line items] | ||
Deposits by banks | $ 556 | $ 1,508 |
Customer accounts | 130 | 675 |
Repurchase agreements – non-trading | 0 | 0 |
Trading liabilities | 0 | 0 |
Financial liabilities designated at fair value | 89,261 | 59,428 |
Derivatives | 1,323 | 1,506 |
Debt securities in issue | 13,656 | 11,092 |
Subordinated liabilities | 27,670 | 21,775 |
Other financial liabilities | 1,260 | 1,314 |
Cash flows payable under financial liabilities | 133,856 | 97,298 |
Loan and other credit-related commitments | 377 | 2,350 |
Financial guarantees | 14 | 31 |
Cash flows payable under financial liabilities and other contractual commitments | $ 134,247 | $ 99,679 |
Proportion of cash flows payable in period | 4.00% | 3.00% |
Report Of The Directors Fina_33
Report Of The Directors Financial Review Risk Report - Cash flows payable by HSBC Holdings under financial liabilities by remaining contractual maturities (Details) - USD ($) $ in Millions | Dec. 31, 2018 | Dec. 31, 2017 |
On demand | ||
Disclosure of maturity analysis for non-derivative financial liabilities [line items] | ||
Financial liabilities designated at fair value | $ 217 | $ 715 |
Derivatives | 204,062 | 212,797 |
Debt securities in issue | 236 | 11 |
Subordinated liabilities | 0 | 3 |
Other financial liabilities | 100,268 | 48,407 |
Cash flows payable under financial liabilities | 1,512,694 | 1,675,053 |
Loan and other credit-related commitments | 685,650 | 570,132 |
Financial guarantees and similar contracts | 22,942 | 23,944 |
Cash flows payable under financial liabilities and other contractual commitments | 2,221,286 | 2,269,129 |
Due within 3 months | ||
Disclosure of maturity analysis for non-derivative financial liabilities [line items] | ||
Financial liabilities designated at fair value | 8,737 | 1,249 |
Derivatives | 360 | 219 |
Debt securities in issue | 18,253 | 12,624 |
Subordinated liabilities | 438 | 2,227 |
Other financial liabilities | 19,056 | 18,780 |
Cash flows payable under financial liabilities | 425,889 | 304,949 |
Loan and other credit-related commitments | 92,186 | 138,542 |
Financial guarantees and similar contracts | 113 | 268 |
Cash flows payable under financial liabilities and other contractual commitments | 518,188 | 443,759 |
Due between 3 and 12 months | ||
Disclosure of maturity analysis for non-derivative financial liabilities [line items] | ||
Financial liabilities designated at fair value | 15,591 | 7,117 |
Derivatives | 927 | 1,221 |
Debt securities in issue | 24,902 | 21,066 |
Subordinated liabilities | 793 | 841 |
Other financial liabilities | 4,694 | 3,701 |
Cash flows payable under financial liabilities | 114,776 | 82,441 |
Loan and other credit-related commitments | 1,109 | 10,602 |
Financial guarantees and similar contracts | 289 | 821 |
Cash flows payable under financial liabilities and other contractual commitments | 116,174 | 93,864 |
1 to 5 years | ||
Disclosure of maturity analysis for non-derivative financial liabilities [line items] | ||
Financial liabilities designated at fair value | 75,578 | 39,596 |
Derivatives | 2,065 | 3,170 |
Debt securities in issue | 36,599 | 25,654 |
Subordinated liabilities | 7,600 | 7,011 |
Other financial liabilities | 2,367 | 1,994 |
Cash flows payable under financial liabilities | 140,283 | 93,562 |
Loan and other credit-related commitments | 944 | 7,860 |
Financial guarantees and similar contracts | 160 | 785 |
Cash flows payable under financial liabilities and other contractual commitments | 141,387 | 102,207 |
More than 5 years | ||
Disclosure of maturity analysis for non-derivative financial liabilities [line items] | ||
Financial liabilities designated at fair value | 89,261 | 59,428 |
Derivatives | 1,323 | 1,506 |
Debt securities in issue | 13,656 | 11,092 |
Subordinated liabilities | 27,670 | 21,775 |
Other financial liabilities | 1,260 | 1,314 |
Cash flows payable under financial liabilities | 133,856 | 97,298 |
Loan and other credit-related commitments | 377 | 2,350 |
Financial guarantees and similar contracts | 14 | 31 |
Cash flows payable under financial liabilities and other contractual commitments | 134,247 | 99,679 |
HSBC Holdings | On demand | ||
Disclosure of maturity analysis for non-derivative financial liabilities [line items] | ||
Amounts owed to HSBC undertakings | 0 | 0 |
Financial liabilities designated at fair value | 0 | 0 |
Derivatives | 1,321 | 2,008 |
Debt securities in issue | 0 | 0 |
Subordinated liabilities | 0 | 0 |
Other financial liabilities | 0 | 0 |
Cash flows payable under financial liabilities | 1,321 | 2,008 |
Loan and other credit-related commitments | 0 | 0 |
Financial guarantees and similar contracts | 8,627 | 7,778 |
Cash flows payable under financial liabilities and other contractual commitments | 9,948 | 9,786 |
HSBC Holdings | Due within 3 months | ||
Disclosure of maturity analysis for non-derivative financial liabilities [line items] | ||
Amounts owed to HSBC undertakings | 949 | 2,525 |
Financial liabilities designated at fair value | 237 | 286 |
Derivatives | 0 | 0 |
Debt securities in issue | 379 | 232 |
Subordinated liabilities | 248 | 2,113 |
Other financial liabilities | 675 | 849 |
Cash flows payable under financial liabilities | 2,488 | 6,005 |
Loan and other credit-related commitments | 0 | 0 |
Financial guarantees and similar contracts | 0 | 0 |
Cash flows payable under financial liabilities and other contractual commitments | 2,488 | 6,005 |
HSBC Holdings | Due between 3 and 12 months | ||
Disclosure of maturity analysis for non-derivative financial liabilities [line items] | ||
Amounts owed to HSBC undertakings | 0 | 46 |
Financial liabilities designated at fair value | 2,656 | 875 |
Derivatives | 0 | 0 |
Debt securities in issue | 1,159 | 1,787 |
Subordinated liabilities | 757 | 537 |
Other financial liabilities | 228 | 200 |
Cash flows payable under financial liabilities | 4,800 | 3,445 |
Loan and other credit-related commitments | 0 | 0 |
Financial guarantees and similar contracts | 0 | 0 |
Cash flows payable under financial liabilities and other contractual commitments | 4,800 | 3,445 |
HSBC Holdings | 1 to 5 years | ||
Disclosure of maturity analysis for non-derivative financial liabilities [line items] | ||
Amounts owed to HSBC undertakings | 0 | 0 |
Financial liabilities designated at fair value | 14,384 | 16,554 |
Derivatives | 339 | 293 |
Debt securities in issue | 29,178 | 13,975 |
Subordinated liabilities | 4,019 | 2,852 |
Other financial liabilities | 0 | 0 |
Cash flows payable under financial liabilities | 47,920 | 33,674 |
Loan and other credit-related commitments | 0 | 0 |
Financial guarantees and similar contracts | 0 | 0 |
Cash flows payable under financial liabilities and other contractual commitments | 47,920 | 33,674 |
HSBC Holdings | More than 5 years | ||
Disclosure of maturity analysis for non-derivative financial liabilities [line items] | ||
Amounts owed to HSBC undertakings | 0 | 0 |
Financial liabilities designated at fair value | 11,653 | 19,465 |
Derivatives | 499 | 781 |
Debt securities in issue | 30,801 | 26,452 |
Subordinated liabilities | 25,311 | 20,944 |
Other financial liabilities | 0 | 0 |
Cash flows payable under financial liabilities | 68,264 | 67,642 |
Loan and other credit-related commitments | 0 | 0 |
Financial guarantees and similar contracts | 0 | 0 |
Cash flows payable under financial liabilities and other contractual commitments | $ 68,264 | $ 67,642 |
Report Of The Directors Fina_34
Report Of The Directors Financial Review Risk Report - Trading VaR, 99% 1 Day (Details) - Trading portfolios - USD ($) $ in Millions | Dec. 31, 2018 | Dec. 31, 2017 |
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Value at risk | $ 57.1 | $ 63.7 |
Average | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Value at risk | 54.8 | 47.8 |
Top of range | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Value at risk | 71.2 | 70.8 |
Bottom of range | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Value at risk | 43.9 | 36.6 |
Foreign exchange (FX) and commodity | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Value at risk | 12.6 | 7.4 |
Foreign exchange (FX) and commodity | Average | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Value at risk | 9.5 | 10.4 |
Foreign exchange (FX) and commodity | Top of range | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Value at risk | 21.8 | 23 |
Foreign exchange (FX) and commodity | Bottom of range | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Value at risk | 5.5 | 4.9 |
Interest rate | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Value at risk | 33.9 | 30.8 |
Interest rate | Average | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Value at risk | 36.4 | 38.2 |
Interest rate | Top of range | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Value at risk | 49.9 | 67.1 |
Interest rate | Bottom of range | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Value at risk | 27 | 27.2 |
Equity (EQ) | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Value at risk | 22.6 | 32.6 |
Equity (EQ) | Average | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Value at risk | 22.5 | 16.7 |
Equity (EQ) | Top of range | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Value at risk | 33.8 | 32.6 |
Equity (EQ) | Bottom of range | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Value at risk | 13.5 | 9.1 |
Credit spread | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Value at risk | 25.9 | 31.1 |
Credit spread | Average | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Value at risk | 20.7 | 15.4 |
Credit spread | Top of range | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Value at risk | 35.2 | 31.8 |
Credit spread | Bottom of range | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Value at risk | 12.2 | 5.1 |
Portfolio diversification | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Value at risk | (37.9) | (38.2) |
Portfolio diversification | Average | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Value at risk | $ (34.3) | $ (32.9) |
Report Of The Directors Fina_35
Report Of The Directors Financial Review Risk Report - Non-trading VaR 99% 1 Day (Details) - Non-trading portfolios - USD ($) $ in Millions | Dec. 31, 2018 | Dec. 31, 2017 |
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Value at risk | $ 68 | $ 96.3 |
Average | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Value at risk | 116 | 128.2 |
Top of range | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Value at risk | 154.1 | 183.8 |
Bottom of range | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Value at risk | 68 | 93.3 |
Interest rate | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Value at risk | 61.4 | 88.5 |
Interest rate | Average | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Value at risk | 96.8 | 119 |
Interest rate | Top of range | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Value at risk | 129.3 | 164.1 |
Interest rate | Bottom of range | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Value at risk | 59.9 | 88.5 |
Credit spread | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Value at risk | 37.2 | 46.7 |
Credit spread | Average | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Value at risk | 48.3 | 46.1 |
Credit spread | Top of range | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Value at risk | 96 | 71.9 |
Credit spread | Bottom of range | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Value at risk | 27.6 | 24.5 |
Portfolio diversification | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Value at risk | (30.6) | (38.9) |
Portfolio diversification | Average | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Value at risk | $ (29.1) | $ (36.9) |
Report Of The Directors Fina_36
Report Of The Directors Financial Review Risk Report - Measurement (Details) | 12 Months Ended |
Dec. 31, 2018 | |
Report Of The Directors Financial Review Risk Report [Abstract] | |
Risk appetite | 140.00% |
Risk tolerance | 110.00% |
Report Of The Directors Fina_37
Report Of The Directors Financial Review Risk Report - Balance sheet of insurance manufacturing subsidiaries by type of contract (Details) - USD ($) $ in Millions | Dec. 31, 2018 | Jan. 01, 2018 | [1] | Dec. 31, 2017 | Dec. 31, 2016 | Dec. 31, 2015 |
Disclosure of types of insurance contracts [line items] | ||||||
Financial assets | $ 2,471,203 | $ 2,433,785 | ||||
Trading assets | 238,130 | $ 254,410 | 287,995 | |||
Derivatives | 207,825 | 219,818 | 219,818 | |||
Financial investments at amortised cost | 404,111 | 384,280 | ||||
Other financial assets | 10,086 | 14,353 | ||||
Total assets | 2,558,124 | 2,518,430 | 2,521,771 | $ 2,374,986 | ||
Liabilities under insurance contracts | 84,824 | 83,196 | ||||
Deferred tax | 2,619 | 1,614 | 1,982 | |||
Other liabilities | 19,905 | 21,202 | ||||
Total liabilities | 2,363,875 | 2,322,206 | 2,323,900 | |||
Total equity | 194,249 | 196,224 | 197,871 | $ 182,578 | $ 197,518 | |
Total liabilities and equity | 2,558,124 | $ 2,518,430 | 2,521,771 | |||
With DPF | ||||||
Disclosure of types of insurance contracts [line items] | ||||||
Liabilities under insurance contracts | 24,258 | 26,007 | ||||
Unit-linked | ||||||
Disclosure of types of insurance contracts [line items] | ||||||
Liabilities under insurance contracts | 5,721 | 7,280 | ||||
Other contracts | ||||||
Disclosure of types of insurance contracts [line items] | ||||||
Liabilities under insurance contracts | 54,845 | 49,909 | ||||
Insurance Manufacturing Subsidiaries | ||||||
Disclosure of types of insurance contracts [line items] | ||||||
Financial assets | 96,744 | 95,704 | ||||
Trading assets | 0 | 0 | ||||
Financial assets designated and otherwise mandatorily measured at fair value through profit or loss | 29,242 | |||||
Financial assets designated at fair value | 28,557 | |||||
Derivatives | 237 | 340 | ||||
Financial investments at amortised cost | 49,413 | |||||
Financial investments – HTM | 39,029 | |||||
Financial investments at fair value through other comprehensive income | 13,334 | |||||
Financial investments – AFS | 21,993 | |||||
Other financial assets | 4,518 | 5,785 | ||||
Reinsurance assets | 2,692 | 2,536 | ||||
PVIF | 7,149 | 6,610 | ||||
Other assets and investment properties | 3,360 | 3,267 | ||||
Total assets | 109,945 | 108,117 | ||||
Liabilities under investment contracts designated at fair value | 5,458 | 5,635 | ||||
Liabilities under insurance contracts | 87,330 | 85,667 | ||||
Deferred tax | 1,266 | 1,259 | ||||
Other liabilities | 3,659 | 3,325 | ||||
Total liabilities | 97,713 | 95,886 | ||||
Total equity | 12,232 | 12,231 | ||||
Total liabilities and equity | 109,945 | 108,117 | ||||
Insurance Manufacturing Subsidiaries | Assets and liabilities related to insurance contracts | With DPF | ||||||
Disclosure of types of insurance contracts [line items] | ||||||
Financial assets | 66,735 | 65,112 | ||||
Trading assets | 0 | 0 | ||||
Financial assets designated and otherwise mandatorily measured at fair value through profit or loss | 17,855 | |||||
Financial assets designated at fair value | 15,533 | |||||
Derivatives | 200 | 286 | ||||
Financial investments at amortised cost | 33,575 | |||||
Financial investments – HTM | 29,302 | |||||
Financial investments at fair value through other comprehensive income | 11,499 | |||||
Financial investments – AFS | 15,280 | |||||
Other financial assets | 3,606 | 4,711 | ||||
Reinsurance assets | 1,255 | 1,108 | ||||
PVIF | 0 | 0 | ||||
Other assets and investment properties | 2,670 | 1,975 | ||||
Total assets | 70,660 | 68,195 | ||||
Liabilities under investment contracts designated at fair value | 0 | 0 | ||||
Liabilities under insurance contracts | 69,269 | 67,137 | ||||
Deferred tax | 179 | 14 | ||||
Other liabilities | 0 | 0 | ||||
Total liabilities | 69,448 | 67,151 | ||||
Total equity | 0 | 0 | ||||
Total liabilities and equity | 69,448 | 67,151 | ||||
Insurance Manufacturing Subsidiaries | Assets and liabilities related to insurance contracts | Unit-linked | ||||||
Disclosure of types of insurance contracts [line items] | ||||||
Financial assets | 7,337 | 9,081 | ||||
Trading assets | 0 | 0 | ||||
Financial assets designated and otherwise mandatorily measured at fair value through profit or loss | 7,099 | |||||
Financial assets designated at fair value | 8,814 | |||||
Derivatives | 0 | 0 | ||||
Financial investments at amortised cost | 70 | |||||
Financial investments – HTM | 0 | |||||
Financial investments at fair value through other comprehensive income | 0 | |||||
Financial investments – AFS | 0 | |||||
Other financial assets | 168 | 267 | ||||
Reinsurance assets | 69 | 274 | ||||
PVIF | 0 | 0 | ||||
Other assets and investment properties | 2 | 2 | ||||
Total assets | 7,408 | 9,357 | ||||
Liabilities under investment contracts designated at fair value | 1,574 | 1,750 | ||||
Liabilities under insurance contracts | 5,789 | 7,548 | ||||
Deferred tax | 21 | 6 | ||||
Other liabilities | 0 | 0 | ||||
Total liabilities | 7,384 | 9,304 | ||||
Total equity | 0 | 0 | ||||
Total liabilities and equity | 7,384 | 9,304 | ||||
Insurance Manufacturing Subsidiaries | Assets and liabilities related to insurance contracts | Other contracts | ||||||
Disclosure of types of insurance contracts [line items] | ||||||
Financial assets | 15,552 | 14,849 | ||||
Trading assets | 0 | 0 | ||||
Financial assets designated and otherwise mandatorily measured at fair value through profit or loss | 3,024 | |||||
Financial assets designated at fair value | 2,951 | |||||
Derivatives | 33 | 13 | ||||
Financial investments at amortised cost | 11,597 | |||||
Financial investments – HTM | 6,396 | |||||
Financial investments at fair value through other comprehensive income | 450 | |||||
Financial investments – AFS | 4,836 | |||||
Other financial assets | 448 | 653 | ||||
Reinsurance assets | 1,368 | 1,154 | ||||
PVIF | 0 | 0 | ||||
Other assets and investment properties | 235 | 164 | ||||
Total assets | 17,155 | 16,167 | ||||
Liabilities under investment contracts designated at fair value | 3,884 | 3,885 | ||||
Liabilities under insurance contracts | 12,272 | 10,982 | ||||
Deferred tax | 15 | 9 | ||||
Other liabilities | 0 | 0 | ||||
Total liabilities | 16,171 | 14,876 | ||||
Total equity | 0 | 0 | ||||
Total liabilities and equity | 16,171 | 14,876 | ||||
Insurance Manufacturing Subsidiaries | Shareholder assets and liabilities | ||||||
Disclosure of types of insurance contracts [line items] | ||||||
Financial assets | 7,120 | 6,662 | ||||
Trading assets | 0 | 0 | ||||
Financial assets designated and otherwise mandatorily measured at fair value through profit or loss | 1,264 | |||||
Financial assets designated at fair value | 1,259 | |||||
Derivatives | 4 | 41 | ||||
Financial investments at amortised cost | 4,171 | |||||
Financial investments – HTM | 3,331 | |||||
Financial investments at fair value through other comprehensive income | 1,385 | |||||
Financial investments – AFS | 1,877 | |||||
Other financial assets | 296 | 154 | ||||
Reinsurance assets | 0 | 0 | ||||
PVIF | 7,149 | 6,610 | ||||
Other assets and investment properties | 453 | 1,126 | ||||
Total assets | 14,722 | 14,398 | ||||
Liabilities under investment contracts designated at fair value | 0 | 0 | ||||
Liabilities under insurance contracts | 0 | 0 | ||||
Deferred tax | 1,051 | 1,230 | ||||
Other liabilities | 3,659 | 3,325 | ||||
Total liabilities | 4,710 | 4,555 | ||||
Total equity | 12,232 | 12,231 | ||||
Total liabilities and equity | $ 16,942 | $ 16,786 | ||||
[1] | Balances at 1 January 2018 have been prepared in accordance with accounting policies referred to on page 263. 31 December 2017 balances have not been re-presented. Information regarding the effects of adoption of IFRS 9 can be found in Note 37. |
Report Of The Directors Fina_38
Report Of The Directors Financial Review Risk Report - Balance sheet of insurance manufacturing subsidiaries by geographical region (Details) - USD ($) $ in Millions | Dec. 31, 2018 | Jan. 01, 2018 | [1] | Dec. 31, 2017 | Dec. 31, 2016 | Dec. 31, 2015 |
Disclosure of types of insurance contracts [line items] | ||||||
Financial assets | $ 2,471,203 | $ 2,433,785 | ||||
Trading assets | 238,130 | $ 254,410 | 287,995 | |||
Derivatives | 207,825 | 219,818 | 219,818 | |||
Financial investments at amortised cost | 404,111 | 384,280 | ||||
Other financial assets | 10,086 | 14,353 | ||||
Total assets | 2,558,124 | 2,518,430 | 2,521,771 | $ 2,374,986 | ||
Liabilities under insurance contracts | 84,824 | 83,196 | ||||
Deferred tax | 2,619 | 1,614 | 1,982 | |||
Other liabilities | 19,905 | 21,202 | ||||
Total liabilities | 2,363,875 | 2,322,206 | 2,323,900 | |||
Total equity | 194,249 | 196,224 | 197,871 | $ 182,578 | $ 197,518 | |
Total liabilities and equity | 2,558,124 | $ 2,518,430 | 2,521,771 | |||
Insurance Manufacturing Subsidiaries | ||||||
Disclosure of types of insurance contracts [line items] | ||||||
Financial assets | 96,744 | 95,704 | ||||
Trading assets | 0 | 0 | ||||
Financial assets designated and otherwise mandatorily measured at fair value through profit or loss | 29,242 | |||||
Financial assets designated at fair value | 28,557 | |||||
Derivatives | 237 | 340 | ||||
Financial investments at amortised cost | 49,413 | |||||
Financial investments at fair value through other comprehensive income | 13,334 | |||||
Financial investments – HTM | 39,029 | |||||
Financial investments – AFS | 21,993 | |||||
Other financial assets | 4,518 | 5,785 | ||||
Reinsurance assets | 2,692 | 2,536 | ||||
PVIF | 7,149 | 6,610 | ||||
Other assets and investment properties | 3,360 | 3,267 | ||||
Total assets | 109,945 | 108,117 | ||||
Liabilities under investment contracts designated at fair value | 5,458 | 5,635 | ||||
Liabilities under insurance contracts | 87,330 | 85,667 | ||||
Deferred tax | 1,266 | 1,259 | ||||
Other liabilities | 3,659 | 3,325 | ||||
Total liabilities | 97,713 | 95,886 | ||||
Total equity | 12,232 | 12,231 | ||||
Total liabilities and equity | 109,945 | 108,117 | ||||
Insurance Manufacturing Subsidiaries | Europe | ||||||
Disclosure of types of insurance contracts [line items] | ||||||
Financial assets | 28,631 | 30,231 | ||||
Trading assets | 0 | 0 | ||||
Financial assets designated and otherwise mandatorily measured at fair value through profit or loss | 13,142 | |||||
Financial assets designated at fair value | 12,430 | |||||
Derivatives | 121 | 169 | ||||
Financial investments at amortised cost | 296 | |||||
Financial investments at fair value through other comprehensive income | 12,453 | |||||
Financial investments – HTM | 0 | |||||
Financial investments – AFS | 15,144 | |||||
Other financial assets | 2,619 | 2,488 | ||||
Reinsurance assets | 249 | 469 | ||||
PVIF | 832 | 773 | ||||
Other assets and investment properties | 1,053 | 1,666 | ||||
Total assets | 30,765 | 33,139 | ||||
Liabilities under investment contracts designated at fair value | 780 | 739 | ||||
Liabilities under insurance contracts | 26,375 | 28,416 | ||||
Deferred tax | 209 | 217 | ||||
Other liabilities | 1,690 | 2,043 | ||||
Total liabilities | 29,054 | 31,415 | ||||
Total equity | 1,711 | 1,724 | ||||
Total liabilities and equity | 30,765 | 33,139 | ||||
Insurance Manufacturing Subsidiaries | Asia | ||||||
Disclosure of types of insurance contracts [line items] | ||||||
Financial assets | 66,793 | 63,973 | ||||
Trading assets | 0 | 0 | ||||
Financial assets designated and otherwise mandatorily measured at fair value through profit or loss | 15,774 | |||||
Financial assets designated at fair value | 15,633 | |||||
Derivatives | 116 | 171 | ||||
Financial investments at amortised cost | 48,595 | |||||
Financial investments at fair value through other comprehensive income | 440 | |||||
Financial investments – HTM | 38,506 | |||||
Financial investments – AFS | 6,393 | |||||
Other financial assets | 1,868 | 3,270 | ||||
Reinsurance assets | 2,438 | 2,063 | ||||
PVIF | 6,195 | 5,709 | ||||
Other assets and investment properties | 2,280 | 1,577 | ||||
Total assets | 77,706 | 73,322 | ||||
Liabilities under investment contracts designated at fair value | 4,678 | 4,896 | ||||
Liabilities under insurance contracts | 59,829 | 56,047 | ||||
Deferred tax | 1,050 | 1,033 | ||||
Other liabilities | 1,911 | 1,209 | ||||
Total liabilities | 67,468 | 63,185 | ||||
Total equity | 10,238 | 10,137 | ||||
Total liabilities and equity | 77,706 | 73,322 | ||||
Insurance Manufacturing Subsidiaries | Latin America | ||||||
Disclosure of types of insurance contracts [line items] | ||||||
Financial assets | 1,320 | 1,500 | ||||
Trading assets | 0 | 0 | ||||
Financial assets designated and otherwise mandatorily measured at fair value through profit or loss | 326 | |||||
Financial assets designated at fair value | 494 | |||||
Derivatives | 0 | 0 | ||||
Financial investments at amortised cost | 522 | |||||
Financial investments at fair value through other comprehensive income | 441 | |||||
Financial investments – HTM | 523 | |||||
Financial investments – AFS | 456 | |||||
Other financial assets | 31 | 27 | ||||
Reinsurance assets | 5 | 4 | ||||
PVIF | 122 | 128 | ||||
Other assets and investment properties | 27 | 24 | ||||
Total assets | 1,474 | 1,656 | ||||
Liabilities under investment contracts designated at fair value | 0 | 0 | ||||
Liabilities under insurance contracts | 1,126 | 1,204 | ||||
Deferred tax | 7 | 9 | ||||
Other liabilities | 58 | 73 | ||||
Total liabilities | 1,191 | 1,286 | ||||
Total equity | 283 | 370 | ||||
Total liabilities and equity | $ 1,474 | $ 1,656 | ||||
[1] | Balances at 1 January 2018 have been prepared in accordance with accounting policies referred to on page 263. 31 December 2017 balances have not been re-presented. Information regarding the effects of adoption of IFRS 9 can be found in Note 37. |
Report Of The Directors Fina_39
Report Of The Directors Financial Review Risk Report - Market risk (Details) - USD ($) $ in Millions | Dec. 31, 2018 | Dec. 31, 2017 |
Market risk | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Cost of guarantees | $ 669 | $ 696 |
Report Of The Directors Fina_40
Report Of The Directors Financial Review Risk Report - Financial return guarantees (Details) - Market risk - USD ($) $ in Millions | Dec. 31, 2018 | Dec. 31, 2017 |
Disclosure of Financial Return Guarantees [Line Items] | ||
Cost of guarantees | $ 669 | $ 696 |
Investment Returns Range One | ||
Disclosure of Financial Return Guarantees [Line Items] | ||
Investment returns implied by guarantee | 0.00% | 0.00% |
Cost of guarantees | $ 100 | $ 103 |
Investment Returns Range Two | ||
Disclosure of Financial Return Guarantees [Line Items] | ||
Cost of guarantees | 78 | 64 |
Investment Returns Range Three | ||
Disclosure of Financial Return Guarantees [Line Items] | ||
Cost of guarantees | 420 | 459 |
Investment Returns Range Four | ||
Disclosure of Financial Return Guarantees [Line Items] | ||
Cost of guarantees | $ 71 | $ 70 |
Bottom of range | ||
Disclosure of Financial Return Guarantees [Line Items] | ||
Long-term investment returns on relevant portfolios | 2.20% | 2.30% |
Bottom of range | Investment Returns Range Two | ||
Disclosure of Financial Return Guarantees [Line Items] | ||
Investment returns implied by guarantee | 0.10% | 0.10% |
Long-term investment returns on relevant portfolios | 3.60% | 3.20% |
Bottom of range | Investment Returns Range Three | ||
Disclosure of Financial Return Guarantees [Line Items] | ||
Investment returns implied by guarantee | 2.10% | 2.10% |
Long-term investment returns on relevant portfolios | 2.70% | 3.20% |
Bottom of range | Investment Returns Range Four | ||
Disclosure of Financial Return Guarantees [Line Items] | ||
Investment returns implied by guarantee | 4.10% | 4.10% |
Long-term investment returns on relevant portfolios | 2.70% | 3.20% |
Top of range | ||
Disclosure of Financial Return Guarantees [Line Items] | ||
Long-term investment returns on relevant portfolios | 3.00% | 3.20% |
Top of range | Investment Returns Range Two | ||
Disclosure of Financial Return Guarantees [Line Items] | ||
Investment returns implied by guarantee | 2.00% | 2.00% |
Long-term investment returns on relevant portfolios | 3.70% | 3.70% |
Top of range | Investment Returns Range Three | ||
Disclosure of Financial Return Guarantees [Line Items] | ||
Investment returns implied by guarantee | 4.00% | 4.00% |
Long-term investment returns on relevant portfolios | 4.60% | 4.40% |
Top of range | Investment Returns Range Four | ||
Disclosure of Financial Return Guarantees [Line Items] | ||
Investment returns implied by guarantee | 5.00% | 5.00% |
Long-term investment returns on relevant portfolios | 4.10% | 4.10% |
Report Of The Directors Fina_41
Report Of The Directors Financial Review Risk Report - Sensitivity of HSBC’s insurance manufacturing subsidiaries to market risk factors (Details) - Market risk - USD ($) $ in Millions | 12 Months Ended | |
Dec. 31, 2018 | Dec. 31, 2017 | |
Effect on profit after tax | ||
Positive 100 basis point parallel shift in yield curves | $ 9 | $ 42 |
Negative 100 basis point parallel shift in yield curves | (28) | (140) |
10% increase in equity prices | 213 | 223 |
10% decrease in equity prices | (202) | (225) |
10% increase in US dollar exchange rate compared with all currencies | 36 | 24 |
10% decrease in US dollar exchange rate compared with all currencies | (36) | (24) |
Effect on total equity | ||
Positive 100 basis point parallel shift in yield curves | (61) | (583) |
Negative 100 basis point parallel shift in yield curves | 46 | 617 |
10% increase in equity prices | 213 | 237 |
10% decrease in equity prices | (202) | (239) |
10% increase in US dollar exchange rate compared with all currencies | 36 | 24 |
10% decrease in US dollar exchange rate compared with all currencies | $ (36) | $ (24) |
Report Of The Directors Fina_42
Report Of The Directors Financial Review Risk Report - Credit risk, Description and exposure (Details) | 12 Months Ended | |
Dec. 31, 2018 | Dec. 31, 2017 | |
Credit risk | ||
Disclosure of credit risk exposure [line items] | ||
Percentage of insurance contracts assessed as satisfactory or higher that is neither past due nor impaired | 100.00% | 100.00% |
Report Of The Directors Fina_43
Report Of The Directors Financial Review Risk Report - Expected maturity of insurance contract liabilities (Details) - Liquidity risk - USD ($) $ in Millions | Dec. 31, 2018 | Dec. 31, 2017 |
Disclosure Of Expected Maturity Of Insurance Contract Liabilities [Line Items] | ||
Expected undiscounted cash flows | $ 145,859 | $ 138,006 |
Up to 1 year | ||
Disclosure Of Expected Maturity Of Insurance Contract Liabilities [Line Items] | ||
Expected undiscounted cash flows | 8,578 | 7,885 |
1 to 5 years | ||
Disclosure Of Expected Maturity Of Insurance Contract Liabilities [Line Items] | ||
Expected undiscounted cash flows | 30,429 | 29,494 |
5-15 years | ||
Disclosure Of Expected Maturity Of Insurance Contract Liabilities [Line Items] | ||
Expected undiscounted cash flows | 48,901 | 48,479 |
Over 15 years | ||
Disclosure Of Expected Maturity Of Insurance Contract Liabilities [Line Items] | ||
Expected undiscounted cash flows | 57,951 | 52,148 |
Unit-linked | ||
Disclosure Of Expected Maturity Of Insurance Contract Liabilities [Line Items] | ||
Expected undiscounted cash flows | 8,697 | 15,519 |
Unit-linked | Up to 1 year | ||
Disclosure Of Expected Maturity Of Insurance Contract Liabilities [Line Items] | ||
Expected undiscounted cash flows | 1,119 | 969 |
Unit-linked | 1 to 5 years | ||
Disclosure Of Expected Maturity Of Insurance Contract Liabilities [Line Items] | ||
Expected undiscounted cash flows | 2,932 | 3,041 |
Unit-linked | 5-15 years | ||
Disclosure Of Expected Maturity Of Insurance Contract Liabilities [Line Items] | ||
Expected undiscounted cash flows | 2,684 | 4,695 |
Unit-linked | Over 15 years | ||
Disclosure Of Expected Maturity Of Insurance Contract Liabilities [Line Items] | ||
Expected undiscounted cash flows | 1,962 | 6,814 |
With DPF and Other contracts | ||
Disclosure Of Expected Maturity Of Insurance Contract Liabilities [Line Items] | ||
Expected undiscounted cash flows | 137,162 | 122,487 |
With DPF and Other contracts | Up to 1 year | ||
Disclosure Of Expected Maturity Of Insurance Contract Liabilities [Line Items] | ||
Expected undiscounted cash flows | 7,459 | 6,916 |
With DPF and Other contracts | 1 to 5 years | ||
Disclosure Of Expected Maturity Of Insurance Contract Liabilities [Line Items] | ||
Expected undiscounted cash flows | 27,497 | 26,453 |
With DPF and Other contracts | 5-15 years | ||
Disclosure Of Expected Maturity Of Insurance Contract Liabilities [Line Items] | ||
Expected undiscounted cash flows | 46,217 | 43,784 |
With DPF and Other contracts | Over 15 years | ||
Disclosure Of Expected Maturity Of Insurance Contract Liabilities [Line Items] | ||
Expected undiscounted cash flows | $ 55,989 | $ 45,334 |
Report Of The Directors Fina_44
Report Of The Directors Financial Review Risk Report - Sensitivity analysis (Details) - Insurance Risk - USD ($) $ in Millions | 12 Months Ended | |
Dec. 31, 2018 | Dec. 31, 2017 | |
Disclosure of types of insurance contracts [line items] | ||
10% increase in mortality and/or morbidity rates | $ (77) | $ (77) |
10% decrease in mortality and/or morbidity rates | 82 | 82 |
10% increase in lapse rates | (95) | (93) |
10% decrease in lapse rates | 107 | 106 |
10% increase in expense rates | (92) | (92) |
10% decrease in expense rates | $ 93 | $ 91 |
Report Of The Directors Fina_45
Report Of The Directors Financial Review Capital Report - Own funds disclosure (Details) - USD ($) $ in Millions | Dec. 31, 2018 | Dec. 31, 2017 |
Common equity tier 1 (‘CET1’) capital: instruments and reserves | ||
Capital instruments and the related share premium accounts | $ 22,384 | $ 18,932 |
Retained earnings | 121,180 | 124,679 |
Accumulated other comprehensive income (and other reserves) | 3,368 | 9,433 |
Minority interests (amount allowed in consolidated CET1) | 4,854 | 4,905 |
Independently reviewed interim net profits net of any foreseeable charge or dividend | 3,697 | 608 |
Common equity tier 1 capital before regulatory adjustments | 155,483 | 158,557 |
Common equity tier 1 capital: regulatory adjustments | ||
Additional value adjustments | (1,180) | (1,146) |
Intangible assets (net of related deferred tax liability) | (17,323) | (16,872) |
Deferred tax assets that rely on future profitability excluding those arising from temporary differences (net of related tax liability) | (1,042) | (1,181) |
Fair value reserves related to gains or losses on cash flow hedges | 135 | 208 |
Negative amounts resulting from the calculation of expected loss amounts | (1,750) | (2,820) |
Gains or losses on liabilities at fair value resulting from changes in own credit standing | 298 | 3,731 |
Defined-benefit pension fund assets | (6,070) | (6,740) |
Direct and indirect holdings of own CET1 instruments | (40) | (40) |
Direct, indirect and synthetic holdings by the institution of the CET1 instruments of financial sector entities where the institution has a significant investment in those entities (amount above 10% threshold and net of eligible short positions) | (7,489) | (7,553) |
Total regulatory adjustments to common equity tier 1 | (34,461) | (32,413) |
Common equity tier 1 capital | 121,022 | 126,144 |
Additional tier 1 (‘AT1’) capital: instruments | ||
Capital instruments and the related share premium accounts | 22,367 | 16,399 |
Amount of qualifying items and the related share premium accounts subject to phase out from AT1 | 2,297 | 6,622 |
Qualifying tier 1 capital included in consolidated AT1 capital (including minority interests not included in CET1) issued by subsidiaries and held by third parties | 1,516 | 1,901 |
– of which: instruments issued by subsidiaries subject to phase out | 1,298 | 1,374 |
Additional tier 1 capital before regulatory adjustments | 26,180 | 24,922 |
Additional tier 1 capital: regulatory adjustments | ||
Direct and indirect holdings of own AT1 instruments | (60) | (60) |
Residual amounts deducted from AT1 capital with regard to deduction from tier 2 (‘T2’) capital during the transitional period | (52) | |
Total regulatory adjustments to additional tier 1 capital | (60) | (112) |
Additional tier 1 capital | 26,120 | 24,810 |
Tier 1 capital | 147,142 | 150,954 |
Tier 2 capital: instruments and provisions | ||
Capital instruments and the related share premium accounts | 25,056 | 16,880 |
Amount of qualifying items and the related share premium accounts subject to phase out from T2 | 4,746 | |
Qualifying own funds instruments included in consolidated T2 capital (including minority interests and AT1 instruments not included in CET1 or AT1) issued by subsidiaries and held by third parties | 1,673 | 10,306 |
– of which: instruments issued by subsidiaries subject to phase out | 1,585 | 10,236 |
Tier 2 capital before regulatory adjustments | 26,729 | 31,932 |
Tier 2 capital: regulatory adjustments | ||
Direct and indirect holdings of own T2 instruments | (40) | (40) |
Direct and indirect holdings by the institution of the T2 instruments and subordinated loans of financial sector entities where the institution has a significant investment in those entities (net of eligible short positions) | (593) | (463) |
Total regulatory adjustments to tier 2 capital | (633) | (503) |
Tier 2 capital | 26,096 | 31,429 |
Total capital | $ 173,238 | $ 182,383 |
Report Of The Directors Fina_46
Report Of The Directors Financial Review Capital Report - Capital narrative (Details) - USD ($) $ in Billions | 12 Months Ended | ||
Dec. 31, 2018 | Jan. 01, 2018 | Dec. 31, 2017 | |
Report Of The Directors Financial Review Capital Report [Abstract] | |||
Common equity tier one capital ratio | 14.00% | 14.50% | |
Increase (decrease) in common equity tier one capital | $ (5.1) | ||
Decrease in common equity tier one capital, from foreign currency translation differences | 5.5 | ||
Decrease in common equity tier one capital from share buy-back | 2 | ||
Increase in common equity tier one capital, from increase in threshold deductions | 1.2 | ||
Increase in common equity tier one capital from intangible asset deduction | 1.1 | ||
Increase in common equity tier one capital, from profit, net of dividends | 3.1 | ||
Increase in common equity tier one capital from IFRS 9 transition impact | $ 1.2 | ||
Pillar 2A requirement, percentage of risk weighted assets | 2.90% | 3.00% | |
Pillar 2A requirement, risk weighted assets, percentage met by CET1 | 1.60% | 1.70% |
Report of Directors Corporate_3
Report of Directors Corporate Governance - Single figure of remuneration (Details) - GBP (£) | 2 Months Ended | 12 Months Ended | |
Feb. 20, 2018 | Dec. 31, 2018 | Dec. 31, 2017 | |
Disclosure of transactions between related parties [line items] | |||
Deferred prosecution agreement term | 5 years | ||
John Flint | |||
Disclosure of transactions between related parties [line items] | |||
Base salary | £ 97,139 | £ 1,028,000 | £ 0 |
Fixed pay allowance | 130,236 | 1,459,000 | 0 |
Cash in lieu of pension | 28,000 | 308,000 | 0 |
Annual incentive | £ 271,000 | 1,665,000 | 0 |
AML DPA award | 0 | 0 | |
LTI | 0 | 0 | |
Sub-total | 4,460,000 | 0 | |
Taxable benefits | 40,000 | 0 | |
Non-taxable benefits | 28,000 | 0 | |
Notional returns | 54,000 | 0 | |
Total | 4,582,000 | 0 | |
Stuart Gulliver | |||
Disclosure of transactions between related parties [line items] | |||
Base salary | 171,000 | 1,250,000 | |
Fixed pay allowance | 241,000 | 1,700,000 | |
Cash in lieu of pension | 51,000 | 375,000 | |
Annual incentive | 282,000 | 2,127,000 | |
AML DPA award | 1,530,000 | 0 | |
LTI | 0 | 0 | |
Sub-total | 2,275,000 | 5,452,000 | |
Taxable benefits | 65,000 | 500,000 | |
Non-taxable benefits | 6,000 | 71,000 | |
Notional returns | 41,000 | 63,000 | |
Total | £ 2,387,000 | 6,086,000 | |
Percentage of annual incentive award deferred in shares | 60.00% | ||
Deferred annual incentive period | 5 years | ||
Stuart Gulliver | Tranche 1 | |||
Disclosure of transactions between related parties [line items] | |||
Vesting percentage | 20.00% | ||
Stuart Gulliver | Tranche 2 | |||
Disclosure of transactions between related parties [line items] | |||
Vesting percentage | 20.00% | ||
Stuart Gulliver | Tranche 3 | |||
Disclosure of transactions between related parties [line items] | |||
Vesting percentage | 20.00% | ||
Stuart Gulliver | Tranche 4 | |||
Disclosure of transactions between related parties [line items] | |||
Vesting percentage | 20.00% | ||
Stuart Gulliver | Tranche 5 | |||
Disclosure of transactions between related parties [line items] | |||
Vesting percentage | 20.00% | ||
Iain Mackay | |||
Disclosure of transactions between related parties [line items] | |||
Base salary | £ 700,000 | 700,000 | |
Fixed pay allowance | 950,000 | 950,000 | |
Cash in lieu of pension | 210,000 | 210,000 | |
Annual incentive | 1,088,000 | 1,334,000 | |
AML DPA award | 1,057,000 | 0 | |
LTI | 0 | 0 | |
Sub-total | 4,005,000 | 3,194,000 | |
Taxable benefits | 80,000 | 64,000 | |
Non-taxable benefits | 44,000 | 37,000 | |
Notional returns | 33,000 | 42,000 | |
Total | £ 4,162,000 | 3,337,000 | |
Percentage of annual incentive award deferred in shares | 60.00% | ||
Deferred annual incentive period | 5 years | ||
Iain Mackay | Tranche 1 | |||
Disclosure of transactions between related parties [line items] | |||
Vesting percentage | 20.00% | ||
Iain Mackay | Tranche 2 | |||
Disclosure of transactions between related parties [line items] | |||
Vesting percentage | 20.00% | ||
Iain Mackay | Tranche 3 | |||
Disclosure of transactions between related parties [line items] | |||
Vesting percentage | 20.00% | ||
Iain Mackay | Tranche 4 | |||
Disclosure of transactions between related parties [line items] | |||
Vesting percentage | 20.00% | ||
Iain Mackay | Tranche 5 | |||
Disclosure of transactions between related parties [line items] | |||
Vesting percentage | 20.00% | ||
Marc Moses | |||
Disclosure of transactions between related parties [line items] | |||
Base salary | £ 700,000 | 700,000 | |
Fixed pay allowance | 950,000 | 950,000 | |
Cash in lieu of pension | 210,000 | 210,000 | |
Annual incentive | 1,324,000 | 1,358,000 | |
AML DPA award | 695,000 | 0 | |
LTI | 0 | 0 | |
Sub-total | 3,879,000 | 3,218,000 | |
Taxable benefits | 13,000 | 16,000 | |
Non-taxable benefits | 38,000 | 38,000 | |
Notional returns | 33,000 | 42,000 | |
Total | £ 3,963,000 | £ 3,314,000 |
Report of Directors Corporate_4
Report of Directors Corporate Governance - Notes to the single figure of remuneration - benefits (Details) - Stuart Gulliver - GBP (£) | 8 Months Ended | 12 Months Ended | |
Oct. 11, 2018 | Dec. 31, 2018 | Dec. 31, 2017 | |
Disclosure of transactions between related parties [line items] | |||
Car benefit | £ 0 | £ 0 | |
Hong Kong bank-owned accommodation | £ 41,711 | 0 | 282,000 |
Tax expense on car benefit and Hong Kong bank-owned accommodation | £ 17,117 | 0 | 164,000 |
Insurance benefit (non-taxable) | £ 0 | £ 63,000 |
Report of Directors Corporate_5
Report of Directors Corporate Governance - Determining executive Directors’ annual performance (Details) £ in Thousands, $ in Billions | 2 Months Ended | 12 Months Ended | ||
Feb. 20, 2018GBP (£) | Dec. 31, 2018USD ($)point | Dec. 31, 2018GBP (£)point | Dec. 31, 2017GBP (£)point | |
John Flint | ||||
Disclosure Of Critical Performance Measures And Indicators Management Uses [Line Items] | ||||
Annual incentive | £ 271 | £ 1,665 | £ 0 | |
Annual incentive pro-rata percentage of time spent in role | 86.00% | 86.00% | ||
Stuart Gulliver | ||||
Disclosure Of Critical Performance Measures And Indicators Management Uses [Line Items] | ||||
Annual incentive | £ 282 | £ 2,127 | ||
Annual incentive pro-rata percentage of time spent in role | 14.00% | 14.00% | ||
Profit before tax | ||||
Disclosure Of Critical Performance Measures And Indicators Management Uses [Line Items] | ||||
Assessment (%) | 100.00% | 100.00% | ||
Profit before tax | Bottom of range | ||||
Disclosure Of Critical Performance Measures And Indicators Management Uses [Line Items] | ||||
Financial measure, payout | $ | $ 19.7 | |||
Profit before tax | Top of range | ||||
Disclosure Of Critical Performance Measures And Indicators Management Uses [Line Items] | ||||
Financial measure, payout | $ | 22.7 | |||
Financial measure, performance | $ | $ 23.3 | |||
Positive jaws | ||||
Disclosure Of Critical Performance Measures And Indicators Management Uses [Line Items] | ||||
Assessment (%) | 0.00% | 0.00% | ||
Positive jaws | Top of range | ||||
Disclosure Of Critical Performance Measures And Indicators Management Uses [Line Items] | ||||
Financial measure, payout percentage | 1.50% | 1.50% | ||
Financial measure, performance percentage | (1.20%) | (1.20%) | ||
Revenue growth | ||||
Disclosure Of Critical Performance Measures And Indicators Management Uses [Line Items] | ||||
Assessment (%) | 70.00% | 70.00% | ||
Revenue growth | Bottom of range | ||||
Disclosure Of Critical Performance Measures And Indicators Management Uses [Line Items] | ||||
Financial measure, payout percentage | 2.00% | 2.00% | ||
Revenue growth | Top of range | ||||
Disclosure Of Critical Performance Measures And Indicators Management Uses [Line Items] | ||||
Financial measure, payout percentage | 6.00% | 6.00% | ||
Financial measure, performance percentage | 4.40% | 4.40% | ||
Capital management (RoTE) | ||||
Disclosure Of Critical Performance Measures And Indicators Management Uses [Line Items] | ||||
Assessment (%) | 58.75% | 58.75% | ||
Capital management (RoTE) | Bottom of range | ||||
Disclosure Of Critical Performance Measures And Indicators Management Uses [Line Items] | ||||
Financial measure, payout percentage | 9.30% | 9.30% | ||
Capital management (RoTE) | Top of range | ||||
Disclosure Of Critical Performance Measures And Indicators Management Uses [Line Items] | ||||
Financial measure, payout percentage | 11.30% | 11.30% | ||
Financial measure, performance percentage | 10.20% | 10.20% | ||
Group Chief Executive | ||||
Disclosure Of Critical Performance Measures And Indicators Management Uses [Line Items] | ||||
Weighting (%) | 100.00% | 100.00% | ||
Assessment (%) | ||||
Outcome (%) | 75.65% | 75.65% | ||
Increase (decrease) in revenue/net operating income, international clients, percent | 7.20% | 7.20% | ||
Increase (decrease) in revenue/net operating income, transaction banking, percent | 14.00% | 14.00% | ||
Employee engagement metric, employer advocacy, percent | 66.00% | 66.00% | 64.00% | |
Percentage of female representation at Senior Management level, actual | 28.20% | |||
Percentage of female representation at Senior Management level, target | 30.00% | |||
Group Chief Executive | John Flint | ||||
Disclosure Of Critical Performance Measures And Indicators Management Uses [Line Items] | ||||
Maximum annual incentive opportunity | £ 2,560 | |||
Annual incentive | 1,665 | |||
Group Chief Executive | Stuart Gulliver | ||||
Disclosure Of Critical Performance Measures And Indicators Management Uses [Line Items] | ||||
Maximum annual incentive opportunity | 2,660 | |||
Annual incentive | £ 282 | |||
Group Chief Executive | Profit before tax | ||||
Disclosure Of Critical Performance Measures And Indicators Management Uses [Line Items] | ||||
Weighting (%) | 20.00% | 20.00% | ||
Assessment (%) | 100.00% | 100.00% | ||
Outcome (%) | 20.00% | 20.00% | ||
Group Chief Executive | Positive jaws | ||||
Disclosure Of Critical Performance Measures And Indicators Management Uses [Line Items] | ||||
Weighting (%) | 10.00% | 10.00% | ||
Assessment (%) | 0.00% | 0.00% | ||
Outcome (%) | 0.00% | 0.00% | ||
Group Chief Executive | Revenue growth | ||||
Disclosure Of Critical Performance Measures And Indicators Management Uses [Line Items] | ||||
Weighting (%) | 10.00% | 10.00% | ||
Assessment (%) | 70.00% | 70.00% | ||
Outcome (%) | 7.00% | 7.00% | ||
Group Chief Executive | Capital management (RoTE) | ||||
Disclosure Of Critical Performance Measures And Indicators Management Uses [Line Items] | ||||
Weighting (%) | 10.00% | 10.00% | ||
Assessment (%) | 58.75% | 58.75% | ||
Outcome (%) | 5.88% | 5.88% | ||
Group Chief Executive | – Financials | ||||
Disclosure Of Critical Performance Measures And Indicators Management Uses [Line Items] | ||||
Weighting (%) | 7.50% | 7.50% | ||
Assessment (%) | 78.53% | 78.53% | ||
Outcome (%) | 5.89% | 5.89% | ||
Group Chief Executive | – Other targets | ||||
Disclosure Of Critical Performance Measures And Indicators Management Uses [Line Items] | ||||
Weighting (%) | 17.50% | 17.50% | ||
Assessment (%) | 96.46% | 96.46% | ||
Outcome (%) | 16.88% | 16.88% | ||
Group Chief Executive | Risk and compliance | ||||
Disclosure Of Critical Performance Measures And Indicators Management Uses [Line Items] | ||||
Weighting (%) | 25.00% | 25.00% | ||
Assessment (%) | 80.00% | 80.00% | ||
Outcome (%) | 20.00% | 20.00% | ||
Group Finance Director | ||||
Disclosure Of Critical Performance Measures And Indicators Management Uses [Line Items] | ||||
Weighting (%) | 100.00% | 100.00% | ||
Assessment (%) | ||||
Outcome (%) | 73.13% | 73.13% | ||
Maximum annual incentive opportunity | £ 1,488 | |||
Annual incentive | £ 1,088 | |||
Employee engagement metric, employer advocacy, percent | 68.00% | 68.00% | 66.00% | |
Percentage of female representation at Senior Management level, actual | 38.00% | |||
Percentage of female representation at Senior Management level, target | 28.00% | |||
Group Finance Director | Profit before tax | ||||
Disclosure Of Critical Performance Measures And Indicators Management Uses [Line Items] | ||||
Weighting (%) | 10.00% | 10.00% | ||
Assessment (%) | 100.00% | 100.00% | ||
Outcome (%) | 10.00% | 10.00% | ||
Group Finance Director | Positive jaws | ||||
Disclosure Of Critical Performance Measures And Indicators Management Uses [Line Items] | ||||
Weighting (%) | 15.00% | 15.00% | ||
Assessment (%) | 0.00% | 0.00% | ||
Outcome (%) | 0.00% | 0.00% | ||
Group Finance Director | Revenue growth | ||||
Disclosure Of Critical Performance Measures And Indicators Management Uses [Line Items] | ||||
Weighting (%) | 0.00% | 0.00% | ||
Assessment (%) | 0.00% | 0.00% | ||
Outcome (%) | 0.00% | 0.00% | ||
Group Finance Director | Capital management (RoTE) | ||||
Disclosure Of Critical Performance Measures And Indicators Management Uses [Line Items] | ||||
Weighting (%) | 25.00% | 25.00% | ||
Assessment (%) | 58.75% | 58.75% | ||
Outcome (%) | 14.69% | 14.69% | ||
Group Finance Director | – Financials | ||||
Disclosure Of Critical Performance Measures And Indicators Management Uses [Line Items] | ||||
Weighting (%) | 2.50% | 2.50% | ||
Assessment (%) | 100.00% | 100.00% | ||
Outcome (%) | 2.50% | 2.50% | ||
Group Finance Director | – Other targets | ||||
Disclosure Of Critical Performance Measures And Indicators Management Uses [Line Items] | ||||
Weighting (%) | 22.50% | 22.50% | ||
Assessment (%) | 98.62% | 98.62% | ||
Outcome (%) | 22.19% | 22.19% | ||
Group Finance Director | Risk and compliance | ||||
Disclosure Of Critical Performance Measures And Indicators Management Uses [Line Items] | ||||
Weighting (%) | 25.00% | 25.00% | ||
Assessment (%) | 95.00% | 95.00% | ||
Outcome (%) | 23.75% | 23.75% | ||
Group Chief Risk Officer | ||||
Disclosure Of Critical Performance Measures And Indicators Management Uses [Line Items] | ||||
Weighting (%) | 100.00% | 100.00% | ||
Assessment (%) | ||||
Outcome (%) | 88.99% | 88.99% | ||
Maximum annual incentive opportunity | £ 1,488 | |||
Annual incentive | £ 1,324 | |||
Employee engagement metric, employer advocacy, percent | 68.00% | 68.00% | 64.00% | |
Percentage of female representation at Senior Management level, actual | 28.70% | |||
Group Chief Risk Officer | Profit before tax | ||||
Disclosure Of Critical Performance Measures And Indicators Management Uses [Line Items] | ||||
Weighting (%) | 15.00% | 15.00% | ||
Assessment (%) | 100.00% | 100.00% | ||
Outcome (%) | 15.00% | 15.00% | ||
Group Chief Risk Officer | Positive jaws | ||||
Disclosure Of Critical Performance Measures And Indicators Management Uses [Line Items] | ||||
Weighting (%) | 0.00% | 0.00% | ||
Assessment (%) | 0.00% | 0.00% | ||
Outcome (%) | 0.00% | 0.00% | ||
Group Chief Risk Officer | Revenue growth | ||||
Disclosure Of Critical Performance Measures And Indicators Management Uses [Line Items] | ||||
Weighting (%) | 0.00% | 0.00% | ||
Assessment (%) | 0.00% | 0.00% | ||
Outcome (%) | 0.00% | 0.00% | ||
Group Chief Risk Officer | Capital management (RoTE) | ||||
Disclosure Of Critical Performance Measures And Indicators Management Uses [Line Items] | ||||
Weighting (%) | 10.00% | 10.00% | ||
Assessment (%) | 58.75% | 58.75% | ||
Outcome (%) | 5.88% | 5.88% | ||
Group Chief Risk Officer | – Financials | ||||
Disclosure Of Critical Performance Measures And Indicators Management Uses [Line Items] | ||||
Weighting (%) | 2.50% | 2.50% | ||
Assessment (%) | 100.00% | 100.00% | ||
Outcome (%) | 2.50% | 2.50% | ||
Group Chief Risk Officer | – Other targets | ||||
Disclosure Of Critical Performance Measures And Indicators Management Uses [Line Items] | ||||
Weighting (%) | 12.50% | 12.50% | ||
Assessment (%) | 94.88% | 94.88% | ||
Outcome (%) | 11.86% | 11.86% | ||
Group Chief Risk Officer | Risk and compliance | ||||
Disclosure Of Critical Performance Measures And Indicators Management Uses [Line Items] | ||||
Weighting (%) | 60.00% | 60.00% | ||
Assessment (%) | 89.58% | 89.58% | ||
Outcome (%) | 53.75% | 53.75% | ||
US | Group Chief Executive | ||||
Disclosure Of Critical Performance Measures And Indicators Management Uses [Line Items] | ||||
Return on tangible equity, actual | 2.70% | 2.70% | ||
Return on tangible equity, target | 2.20% | 2.20% | ||
US | Group Chief Risk Officer | ||||
Disclosure Of Critical Performance Measures And Indicators Management Uses [Line Items] | ||||
Return on tangible equity, actual | 2.70% | 2.70% | ||
Asia | Group Chief Executive | ||||
Disclosure Of Critical Performance Measures And Indicators Management Uses [Line Items] | ||||
Increase (decrease) in revenue/net operating income | 11.40% | 11.40% | ||
Commercial Banking | US | Group Chief Executive | ||||
Disclosure Of Critical Performance Measures And Indicators Management Uses [Line Items] | ||||
Increase (decrease) in revenue/net operating income | 7.00% | 7.00% | ||
Global Banking and Markets | Group Chief Executive | ||||
Disclosure Of Critical Performance Measures And Indicators Management Uses [Line Items] | ||||
Increase (decrease) in revenue/net operating income, transaction banking, percent | 9.00% | 9.00% | ||
Decrease in customer satisfaction points | point | 0.8 | 0.8 | ||
Customer satisfaction points | point | 7.6 | 7.6 | 8.4 |
Report of Directors Corporate_6
Report of Directors Corporate Governance - Long-term incentive awards (Details) - Long-Term Incentive Awards £ in Thousands | 12 Months Ended |
Dec. 31, 2018GBP (£) | |
Disclosure of terms and conditions of share-based payment arrangement [line items] | |
Performance period | 3 years |
Metric weighting percent | 100.00% |
Target percentage of payout | 50.00% |
Return on tangible equity (with CET1 underpin) | 11.00% |
Retention period | 1 year |
Employee advocacy | 70.00% |
Return on tangible equity | |
Disclosure of terms and conditions of share-based payment arrangement [line items] | |
Metric weighting percent | 75.00% |
Employee advocacy | |
Disclosure of terms and conditions of share-based payment arrangement [line items] | |
Metric weighting percent | 12.50% |
Environmental, social and governance rank | |
Disclosure of terms and conditions of share-based payment arrangement [line items] | |
Metric weighting percent | 12.50% |
John Flint | |
Disclosure of terms and conditions of share-based payment arrangement [line items] | |
Expense from share-based payment transactions with employees | £ 3,840 |
Marc Moses | |
Disclosure of terms and conditions of share-based payment arrangement [line items] | |
Expense from share-based payment transactions with employees | £ 2,232 |
Bottom of range | |
Disclosure of terms and conditions of share-based payment arrangement [line items] | |
Return on tangible equity (with CET1 underpin) | 10.00% |
Employee advocacy | 65.00% |
Top of range | |
Disclosure of terms and conditions of share-based payment arrangement [line items] | |
Return on tangible equity (with CET1 underpin) | 12.00% |
Employee advocacy | 75.00% |
Tranche 1 | |
Disclosure of terms and conditions of share-based payment arrangement [line items] | |
Vesting percentage | 20.00% |
Tranche 2 | |
Disclosure of terms and conditions of share-based payment arrangement [line items] | |
Vesting percentage | 20.00% |
Tranche 3 | |
Disclosure of terms and conditions of share-based payment arrangement [line items] | |
Vesting percentage | 20.00% |
Tranche 4 | |
Disclosure of terms and conditions of share-based payment arrangement [line items] | |
Vesting percentage | 20.00% |
Tranche 5 | |
Disclosure of terms and conditions of share-based payment arrangement [line items] | |
Vesting percentage | 20.00% |
Report of Directors Corporate_7
Report of Directors Corporate Governance - Payments to past Directors (Details) - Former Directors | 12 Months Ended |
Dec. 31, 2018GBP (£) | |
Disclosure of transactions between related parties [line items] | |
Payments to key management personnel in excess of minimum threshold | £ 0 |
Key management personnel, threshold minimum | £ 50,000 |
Report of Directors Corporate_8
Report of Directors Corporate Governance - Total pension entitlements (Details) | 12 Months Ended |
Dec. 31, 2018individual | |
Report Of Directors Corporate Governance [Abstract] | |
Number of executive directors entitled to additional early retirement benefits | 0 |
Normal employee retirement age | 65 years |
Report of Directors Corporate_9
Report of Directors Corporate Governance - Retirement arrangements and departure terms (Details) $ in Millions | 1 Months Ended | 8 Months Ended | 12 Months Ended | |||
Jan. 31, 2019GBP (£) | Oct. 31, 2018GBP (£) | Oct. 11, 2018GBP (£) | Dec. 31, 2018USD ($)shares | Dec. 31, 2017USD ($) | Dec. 31, 2016USD ($) | |
Disclosure of transactions between related parties [line items] | ||||||
Contractual benefits | $ | $ 6 | $ 5 | $ 5 | |||
Salary, fixed pay allowance and cash in liu of pension allowance | $ | $ 52 | $ 43 | $ 41 | |||
Stuart Gulliver | ||||||
Disclosure of transactions between related parties [line items] | ||||||
Salary | £ 802,988 | |||||
Fixed pay allowance | 1,089,600 | |||||
Cash in lieu of pension allowance | 240,897 | |||||
Contractual benefits | 321,778 | |||||
Other benefits | 64,329 | |||||
Contractual benefits, taxable value of use of company car and accommodations | 201,078 | |||||
Contractual benefits, tax expense for use of company car and accommodations | 78,201 | |||||
Contractual benefits, insurance related benefits | £ 42,499 | |||||
Unused holiday benefits | £ 466,778 | |||||
Iain Mackay | ||||||
Disclosure of transactions between related parties [line items] | ||||||
Salary, fixed pay allowance and cash in liu of pension allowance | £ 64,385 | |||||
2016 LTI Award | Stuart Gulliver | ||||||
Disclosure of transactions between related parties [line items] | ||||||
Number of shares awarded (in shares) | shares | 357,911 | |||||
2016 LTI Award | Iain Mackay | ||||||
Disclosure of transactions between related parties [line items] | ||||||
Number of shares awarded (in shares) | shares | 228,817.3333333333 | |||||
2017 LTI Award | Iain Mackay | ||||||
Disclosure of transactions between related parties [line items] | ||||||
Number of shares awarded (in shares) | shares | 131,796 |
Report of Directors Corporat_10
Report of Directors Corporate Governance - Scheme interests awarded (Details) £ / shares in Units, £ in Thousands | Feb. 26, 2018GBP (£)shares£ / shares | Dec. 31, 2018£ / shares |
Disclosure of terms and conditions of share-based payment arrangement [line items] | ||
Share price on date of grant (in gbp per share) | £ / shares | £ 7.234 | £ 6.469 |
LTI deferred shares 2 | ||
Disclosure of terms and conditions of share-based payment arrangement [line items] | ||
Performance period | 3 years | |
Retention period | 1 year | |
Percentage of maximum opportunity if minimum performance is achieved | 0.00% | |
Award as a percentage of base salary | 319.00% | |
Expected dividend yield (in gbp per share) | £ / shares | £ 5.645 | |
LTI deferred shares 2 | Tranche 1 | ||
Disclosure of terms and conditions of share-based payment arrangement [line items] | ||
Vesting percentage | 20.00% | |
LTI deferred shares 2 | Tranche 2 | ||
Disclosure of terms and conditions of share-based payment arrangement [line items] | ||
Vesting percentage | 20.00% | |
LTI deferred shares 2 | Tranche 3 | ||
Disclosure of terms and conditions of share-based payment arrangement [line items] | ||
Vesting percentage | 20.00% | |
LTI deferred shares 2 | Tranche 4 | ||
Disclosure of terms and conditions of share-based payment arrangement [line items] | ||
Vesting percentage | 20.00% | |
LTI deferred shares 2 | Tranche 5 | ||
Disclosure of terms and conditions of share-based payment arrangement [line items] | ||
Vesting percentage | 20.00% | |
Deferred shares 3 | Tranche 1 | ||
Disclosure of terms and conditions of share-based payment arrangement [line items] | ||
Vesting percentage | 20.00% | |
Deferred shares 3 | Tranche 2 | ||
Disclosure of terms and conditions of share-based payment arrangement [line items] | ||
Vesting percentage | 20.00% | |
Deferred shares 3 | Tranche 3 | ||
Disclosure of terms and conditions of share-based payment arrangement [line items] | ||
Vesting percentage | 20.00% | |
Deferred shares 3 | Tranche 4 | ||
Disclosure of terms and conditions of share-based payment arrangement [line items] | ||
Vesting percentage | 20.00% | |
Deferred shares 3 | Tranche 5 | ||
Disclosure of terms and conditions of share-based payment arrangement [line items] | ||
Vesting percentage | 20.00% | |
Top of range | LTI deferred shares 2 | ||
Disclosure of terms and conditions of share-based payment arrangement [line items] | ||
Claw-back period | 10 years | |
Iain Mackay | Tranche 1 | ||
Disclosure of terms and conditions of share-based payment arrangement [line items] | ||
Vesting percentage | 20.00% | |
Iain Mackay | Tranche 2 | ||
Disclosure of terms and conditions of share-based payment arrangement [line items] | ||
Vesting percentage | 20.00% | |
Iain Mackay | Tranche 3 | ||
Disclosure of terms and conditions of share-based payment arrangement [line items] | ||
Vesting percentage | 20.00% | |
Iain Mackay | Tranche 4 | ||
Disclosure of terms and conditions of share-based payment arrangement [line items] | ||
Vesting percentage | 20.00% | |
Iain Mackay | Tranche 5 | ||
Disclosure of terms and conditions of share-based payment arrangement [line items] | ||
Vesting percentage | 20.00% | |
Iain Mackay | LTI deferred shares 2 | ||
Disclosure of terms and conditions of share-based payment arrangement [line items] | ||
Face value awarded | £ | £ 2,860 | |
Percentage receivable for minimum performance | 25.00% | |
Number of shares awarded (in shares) | shares | 395,388 | |
Marc Moses | LTI deferred shares 2 | ||
Disclosure of terms and conditions of share-based payment arrangement [line items] | ||
Face value awarded | £ | £ 2,860 | |
Percentage receivable for minimum performance | 25.00% | |
Number of shares awarded (in shares) | shares | 395,388 | |
John Flint | LTI deferred shares 2 | ||
Disclosure of terms and conditions of share-based payment arrangement [line items] | ||
Expected dividend yield (in gbp per share) | £ / shares | £ 5.645 | |
John Flint | Deferred shares 3 | ||
Disclosure of terms and conditions of share-based payment arrangement [line items] | ||
Face value awarded | £ | £ 1,201 | |
Percentage receivable for minimum performance | 0.00% | |
Number of shares awarded (in shares) | shares | 166,014 | |
Retention period | 1 year | |
Percentage of award deferred | 60.00% | |
Percentage of award granted | 50.00% | |
Stuart Gulliver | Tranche 1 | ||
Disclosure of terms and conditions of share-based payment arrangement [line items] | ||
Vesting percentage | 20.00% | |
Stuart Gulliver | Tranche 2 | ||
Disclosure of terms and conditions of share-based payment arrangement [line items] | ||
Vesting percentage | 20.00% | |
Stuart Gulliver | Tranche 3 | ||
Disclosure of terms and conditions of share-based payment arrangement [line items] | ||
Vesting percentage | 20.00% | |
Stuart Gulliver | Tranche 4 | ||
Disclosure of terms and conditions of share-based payment arrangement [line items] | ||
Vesting percentage | 20.00% | |
Stuart Gulliver | Tranche 5 | ||
Disclosure of terms and conditions of share-based payment arrangement [line items] | ||
Vesting percentage | 20.00% | |
Stuart Gulliver | LTI deferred shares 2 | ||
Disclosure of terms and conditions of share-based payment arrangement [line items] | ||
Award as a percentage of base salary | 170.00% | |
Expected dividend yield (in gbp per share) | £ / shares | £ 5.645 | |
Stuart Gulliver | Deferred shares 3 | ||
Disclosure of terms and conditions of share-based payment arrangement [line items] | ||
Face value awarded | £ | £ 1,635 | |
Percentage receivable for minimum performance | 0.00% | |
Number of shares awarded (in shares) | shares | 226,072 | |
Retention period | 1 year | |
Percentage of award deferred | 60.00% |
Report of Directors Corporat_11
Report of Directors Corporate Governance - Directors' interests in shares (Details) | 3 Months Ended | 12 Months Ended | |||
Dec. 31, 2018shares£ / shares | Dec. 31, 2019 | Dec. 31, 2018shares | Dec. 31, 2017shares | Dec. 31, 2016shares | |
Disclosure of transactions between related parties [line items] | |||||
Share options (in shares) | 57,065,000 | 57,065,000 | 64,670,000 | 70,027,000 | |
Average daily closing share price (gbp per share) | £ / shares | £ 6.4589 | ||||
Period after appointment to meet minimum shareholding guideline | 5 years | ||||
Deferred Shares, Without Performance Conditions | |||||
Disclosure of transactions between related parties [line items] | |||||
Award vesting period | 5 years | ||||
Stuart Gulliver | |||||
Disclosure of transactions between related parties [line items] | |||||
Shareholding guidelines, percentage of salary | 400.00% | ||||
Shareholding, percentage of salary | 1918.00% | 1918.00% | |||
Share interests (in shares) | 3,711,169 | 3,711,169 | |||
Share options (in shares) | 0 | 0 | |||
Stuart Gulliver | Deferred Shares, Without Performance Conditions | |||||
Disclosure of transactions between related parties [line items] | |||||
Share options (in shares) | 2,293,071 | 2,293,071 | |||
Stuart Gulliver | Deferred Shares, With Performance Conditions | |||||
Disclosure of transactions between related parties [line items] | |||||
Share options (in shares) | 738,499 | 738,499 | |||
Iain Mackay | |||||
Disclosure of transactions between related parties [line items] | |||||
Shareholding guidelines, percentage of salary | 300.00% | ||||
Shareholding, percentage of salary | 663.00% | 663.00% | |||
Share interests (in shares) | 718,532 | 718,532 | |||
Share options (in shares) | 0 | 0 | |||
Iain Mackay | Deferred Shares, Without Performance Conditions | |||||
Disclosure of transactions between related parties [line items] | |||||
Share options (in shares) | 1,025,725 | 1,025,725 | |||
Iain Mackay | Deferred Shares, With Performance Conditions | |||||
Disclosure of transactions between related parties [line items] | |||||
Share options (in shares) | 769,296 | 769,296 | |||
John Flint | |||||
Disclosure of transactions between related parties [line items] | |||||
Shareholding guidelines, percentage of salary | 400.00% | ||||
Shareholding, percentage of salary | 445.00% | 445.00% | |||
Share interests (in shares) | 827,691 | 827,691 | |||
Share options (in shares) | 9,952 | 9,952 | |||
John Flint | Deferred Shares, Without Performance Conditions | |||||
Disclosure of transactions between related parties [line items] | |||||
Share options (in shares) | 570,922 | 570,922 | |||
John Flint | Deferred Shares, With Performance Conditions | |||||
Disclosure of transactions between related parties [line items] | |||||
Share options (in shares) | 0 | 0 | |||
Marc Moses | |||||
Disclosure of transactions between related parties [line items] | |||||
Shareholding guidelines, percentage of salary | 300.00% | ||||
Shareholding, percentage of salary | 1415.00% | 1415.00% | |||
Share interests (in shares) | 1,533,039 | 1,533,039 | |||
Share options (in shares) | 0 | 0 | |||
Marc Moses | Deferred Shares, Without Performance Conditions | |||||
Disclosure of transactions between related parties [line items] | |||||
Share options (in shares) | 1,019,442 | 1,019,442 | |||
Marc Moses | Deferred Shares, With Performance Conditions | |||||
Disclosure of transactions between related parties [line items] | |||||
Share options (in shares) | 769,296 | 769,296 | |||
Group Managing Directors | |||||
Disclosure of transactions between related parties [line items] | |||||
Shareholding guidelines, percentage of salary | 250.00% | ||||
Shareholding guidelines, number of shares (in shares) | 250,000 |
Report of Directors Corporat_12
Report of Directors Corporate Governance - Directors' interests in share options (Details) | 10 Months Ended | 12 Months Ended | ||
Dec. 31, 2018GBP (£)shares£ / shares | Dec. 31, 2018GBP (£)shares£ / shares | Dec. 31, 2017shares | Feb. 26, 2018£ / shares | |
Disclosure of transactions between related parties [line items] | ||||
Share options outstanding at beginning of period (in shares) | 64,670,000 | 70,027,000 | ||
Share options granted (in shares) | 20,501,000 | 10,447,000 | ||
Share options exercised (in shares) | 23,260,000 | 9,503,000 | ||
Share options outstanding at end of period (in shares) | 57,065,000 | 57,065,000 | 64,670,000 | |
Share price on date of grant (in gbp per share) | £ / shares | £ 6.469 | £ 6.469 | £ 7.234 | |
Savings-related Share Option Plans | ||||
Disclosure of transactions between related parties [line items] | ||||
Exercise price discount | 20.00% | 20.00% | ||
Employee monthly contribution amount | £ | £ 500 | |||
Bottom of range | Savings-related Share Option Plans | ||||
Disclosure of transactions between related parties [line items] | ||||
Award vesting period | 3 years | |||
Top of range | Savings-related Share Option Plans | ||||
Disclosure of transactions between related parties [line items] | ||||
Award vesting period | 5 years | |||
John Flint | ||||
Disclosure of transactions between related parties [line items] | ||||
Share options outstanding at end of period (in shares) | 9,952 | 9,952 | ||
John Flint | 22 Sep 15 | ||||
Disclosure of transactions between related parties [line items] | ||||
Exercise price (in gbp per share) | £ | £ 4.0472 | £ 4.0472 | ||
Share options outstanding at beginning of period (in shares) | 4,447 | |||
Share options granted (in shares) | 0 | |||
Share options exercised (in shares) | 0 | |||
Share options outstanding at end of period (in shares) | 4,447 | 4,447 | ||
John Flint | 21 Sep 18 | ||||
Disclosure of transactions between related parties [line items] | ||||
Exercise price (in gbp per share) | £ | £ 5.4490 | £ 5.4490 | ||
Share options outstanding at beginning of period (in shares) | 0 | |||
Share options granted (in shares) | 5,505 | |||
Share options exercised (in shares) | 0 | |||
Share options outstanding at end of period (in shares) | 5,505 | 5,505 | ||
Iain Mackay | ||||
Disclosure of transactions between related parties [line items] | ||||
Share options outstanding at end of period (in shares) | 0 | 0 | ||
Iain Mackay | 23 Sep 14 | ||||
Disclosure of transactions between related parties [line items] | ||||
Exercise price (in gbp per share) | £ | £ 5.1887 | £ 5.1887 | ||
Share options outstanding at beginning of period (in shares) | 3,469 | |||
Share options granted (in shares) | 0 | |||
Share options exercised (in shares) | 3,469 | |||
Share options outstanding at end of period (in shares) | 0 | 0 | 3,469 |
Report of Directors Corporat_13
Report of Directors Corporate Governance - Non Executive Directors' Fees and Benefits (Details) - GBP (£) | 12 Months Ended | |
Dec. 31, 2018 | Dec. 31, 2017 | |
Disclosure of transactions between related parties [line items] | ||
Fees | £ 6,383,000 | £ 5,636,000 |
Benefits | 317,000 | 693,000 |
Total | 6,700,000 | 6,329,000 |
Travel allowance | £ 4,000 | |
Tax rate | 45.00% | |
Total non-executive directors | ||
Disclosure of transactions between related parties [line items] | ||
Fees | £ 4,786,000 | 4,226,000 |
Benefits | 238,000 | 520,000 |
Total | 5,024,000 | 4,746,000 |
Phillip Ameen (Retired on 20 April 2018) | ||
Disclosure of transactions between related parties [line items] | ||
Fees | 154,000 | 474,000 |
Benefits | 6,000 | 12,000 |
Total | 160,000 | 486,000 |
Fees paid for additional positions held | 106,000 | 330,000 |
Kathleen Casey | ||
Disclosure of transactions between related parties [line items] | ||
Fees | 171,000 | 174,000 |
Benefits | 23,000 | 16,000 |
Total | 194,000 | 190,000 |
Henri de Castries | ||
Disclosure of transactions between related parties [line items] | ||
Fees | 161,000 | 132,000 |
Benefits | 4,000 | 5,000 |
Total | 165,000 | 137,000 |
Laura Cha | ||
Disclosure of transactions between related parties [line items] | ||
Fees | 255,000 | 269,000 |
Benefits | 13,000 | 22,000 |
Total | 268,000 | 291,000 |
Fees paid for additional positions held | 80,000 | 75,000 |
Lord Evans of Weardale | ||
Disclosure of transactions between related parties [line items] | ||
Fees | 200,000 | 215,000 |
Benefits | 2,000 | 8,000 |
Total | 202,000 | 223,000 |
Joachim Faber (Retired on 20 April 2018) | ||
Disclosure of transactions between related parties [line items] | ||
Fees | 38,000 | 162,000 |
Benefits | 3,000 | 9,000 |
Total | 41,000 | 171,000 |
Irene Lee | ||
Disclosure of transactions between related parties [line items] | ||
Fees | 361,000 | 300,000 |
Benefits | 5,000 | 8,000 |
Total | 366,000 | 308,000 |
Fees paid for additional positions held | 210,000 | 187,000 |
John Lipsky (Retired on 20 April 2018) | ||
Disclosure of transactions between related parties [line items] | ||
Fees | 66,000 | 199,000 |
Benefits | 0 | 25,000 |
Total | 66,000 | 224,000 |
Heidi Miller | ||
Disclosure of transactions between related parties [line items] | ||
Fees | 573,000 | 571,000 |
Benefits | 9,000 | 18,000 |
Total | 582,000 | 589,000 |
Fees paid for additional positions held | 412,000 | 427,000 |
David Nish | ||
Disclosure of transactions between related parties [line items] | ||
Fees | 187,000 | 158,000 |
Benefits | 11,000 | 18,000 |
Total | 198,000 | 176,000 |
Jonathan Symonds | ||
Disclosure of transactions between related parties [line items] | ||
Fees | 653,000 | 639,000 |
Benefits | 1,000 | 2,000 |
Total | 654,000 | 641,000 |
Fees paid for additional positions held | 240,000 | 382,000 |
Jackson Tai | ||
Disclosure of transactions between related parties [line items] | ||
Fees | 228,000 | 194,000 |
Benefits | 47,000 | 43,000 |
Total | 275,000 | 237,000 |
Fees paid for additional positions held | 120,000 | |
Mark Tucker | ||
Disclosure of transactions between related parties [line items] | ||
Fees | 1,500,000 | 500,000 |
Benefits | 97,000 | 318,000 |
Total | 1,597,000 | 818,000 |
Life insurance benefits | 10,200 | |
Healthcare insurance benefits | 15,426 | |
Pauline van der Meer Mohr | ||
Disclosure of transactions between related parties [line items] | ||
Fees | 239,000 | 239,000 |
Benefits | 17,000 | 16,000 |
Total | £ 256,000 | £ 255,000 |
Report of Directors Corporat_14
Report of Directors Corporate Governance - Non-Executive Directors Interests in Shares (Details) | Dec. 31, 2018shares |
Phillip Ameen (Retired on 20 April 2018) | |
Disclosure of transactions between related parties [line items] | |
Shareholding guidelines (number of shares) | 15,000 |
Share interests (number of shares) | 5,000 |
Kathleen Casey | |
Disclosure of transactions between related parties [line items] | |
Shareholding guidelines (number of shares) | 15,000 |
Share interests (number of shares) | 9,635 |
Laura Cha | |
Disclosure of transactions between related parties [line items] | |
Shareholding guidelines (number of shares) | 15,000 |
Share interests (number of shares) | 10,200 |
Henri de Castries | |
Disclosure of transactions between related parties [line items] | |
Shareholding guidelines (number of shares) | 15,000 |
Share interests (number of shares) | 18,064 |
Lord Evans of Weardale | |
Disclosure of transactions between related parties [line items] | |
Shareholding guidelines (number of shares) | 15,000 |
Share interests (number of shares) | 12,892 |
Joachim Faber (Retired on 20 April 2018) | |
Disclosure of transactions between related parties [line items] | |
Shareholding guidelines (number of shares) | 15,000 |
Share interests (number of shares) | 93,221 |
Irene Lee | |
Disclosure of transactions between related parties [line items] | |
Shareholding guidelines (number of shares) | 15,000 |
Share interests (number of shares) | 11,172 |
John Lipsky (Retired on 20 April 2018) | |
Disclosure of transactions between related parties [line items] | |
Shareholding guidelines (number of shares) | 15,000 |
Share interests (number of shares) | 16,165 |
Heidi Miller | |
Disclosure of transactions between related parties [line items] | |
Shareholding guidelines (number of shares) | 15,000 |
Share interests (number of shares) | 4,420 |
David Nish | |
Disclosure of transactions between related parties [line items] | |
Shareholding guidelines (number of shares) | 15,000 |
Share interests (number of shares) | 50,000 |
Jonathan Symonds | |
Disclosure of transactions between related parties [line items] | |
Shareholding guidelines (number of shares) | 15,000 |
Share interests (number of shares) | 43,821 |
Jackson Tai | |
Disclosure of transactions between related parties [line items] | |
Shareholding guidelines (number of shares) | 15,000 |
Share interests (number of shares) | 56,075 |
Mark Tucker | |
Disclosure of transactions between related parties [line items] | |
Shareholding guidelines (number of shares) | 15,000 |
Share interests (number of shares) | 288,381 |
Pauline van der Meer Mohr | |
Disclosure of transactions between related parties [line items] | |
Shareholding guidelines (number of shares) | 15,000 |
Share interests (number of shares) | 15,000 |
Uncategorized Items - hsbc-2018
Label | Element | Value | |
Loans And Advances To Banks Of One Month Or Less | hsbc_LoansAndAdvancesToBanksOfOneMonthOrLess | $ 77,318,000,000 | |
Loans And Advances To Banks Of One Month Or Less | hsbc_LoansAndAdvancesToBanksOfOneMonthOrLess | 82,771,000,000 | |
Loans And Advances To Banks Of One Month Or Less | hsbc_LoansAndAdvancesToBanksOfOneMonthOrLess | 47,878,000,000 | |
Short-term Investments And Deposits, Classified As Cash Equivalents | hsbc_ShorttermInvestmentsAndDepositsClassifiedAsCashEquivalents | 14,646,000,000 | |
Short-term Investments And Deposits, Classified As Cash Equivalents | hsbc_ShorttermInvestmentsAndDepositsClassifiedAsCashEquivalents | 15,389,000,000 | |
Short-term Investments And Deposits, Classified As Cash Equivalents | hsbc_ShorttermInvestmentsAndDepositsClassifiedAsCashEquivalents | 30,613,000,000 | |
Other banking arrangements, classified as cash equivalents | ifrs-full_BankingArrangementsClassifiedAsCashEquivalents | 55,551,000,000 | |
Other banking arrangements, classified as cash equivalents | ifrs-full_BankingArrangementsClassifiedAsCashEquivalents | 58,850,000,000 | |
Other banking arrangements, classified as cash equivalents | ifrs-full_BankingArrangementsClassifiedAsCashEquivalents | 59,602,000,000 | |
HSBC Holdings [Member] | |||
Loans And Advances To Banks Of One Month Or Less | hsbc_LoansAndAdvancesToBanksOfOneMonthOrLess | 3,450,000,000 | [1] |
Loans And Advances To Banks Of One Month Or Less | hsbc_LoansAndAdvancesToBanksOfOneMonthOrLess | 2,964,000,000 | |
Loans And Advances To Banks Of One Month Or Less | hsbc_LoansAndAdvancesToBanksOfOneMonthOrLess | 3,000,000,000 | |
Cumulative Effect Of New Accounting Principle In Period Of Adoption1 | hsbc_CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption1 | 890,000,000 | |
Non-controlling interests [member] | |||
Equity | ifrs-full_Equity | 7,580,000,000 | |
Cumulative Effect Of New Accounting Principle In Period Of Adoption1 | hsbc_CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption1 | (41,000,000) | |
Issued capital [member] | HSBC Holdings [Member] | |||
Equity | ifrs-full_Equity | 10,160,000,000 | |
Equity attributable to owners of parent [member] | |||
Equity | ifrs-full_Equity | 188,644,000,000 | |
Cumulative Effect Of New Accounting Principle In Period Of Adoption1 | hsbc_CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption1 | (1,606,000,000) | |
Reserve of cash flow hedges [member] | |||
Equity | ifrs-full_Equity | (222,000,000) | |
Reserve of exchange differences on translation [member] | |||
Equity | ifrs-full_Equity | (19,072,000,000) | |
Retained earnings [member] | |||
Cumulative Effect Of New Accounting Principle In Period Of Adoption1 | hsbc_CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption1 | (585,000,000) | [2],[3] |
Retained earnings [member] | HSBC Holdings [Member] | |||
Cumulative Effect Of New Accounting Principle In Period Of Adoption1 | hsbc_CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption1 | 949,000,000 | [4],[5] |
Other equity interest [member] | |||
Equity | ifrs-full_Equity | 22,250,000,000 | [6],[7] |
Other equity interest [member] | HSBC Holdings [Member] | |||
Equity | ifrs-full_Equity | 22,107,000,000 | |
Reserve of gains and losses on financial assets measured at fair value through other comprehensive income [member] | |||
Equity | ifrs-full_Equity | (1,371,000,000) | [8] |
Cumulative Effect Of New Accounting Principle In Period Of Adoption1 | hsbc_CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption1 | (1,021,000,000) | [8] |
Reserve of gains and losses on financial assets measured at fair value through other comprehensive income [member] | HSBC Holdings [Member] | |||
Equity | ifrs-full_Equity | 0 | |
Cumulative Effect Of New Accounting Principle In Period Of Adoption1 | hsbc_CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption1 | (59,000,000) | |
Additional paid-in capital [member] | HSBC Holdings [Member] | |||
Equity | ifrs-full_Equity | 2,254,000,000 | [9] |
Cumulative Effect Of New Accounting Principle In Period Of Adoption1 | hsbc_CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption1 | [9] | |
[1] | The 2016 comparative figure for cash and cash equivalents was amended in 2017 to include loans and advances to HSBC undertakings of one month or less duration. | ||
[2] | At 31 December 2018, retained earnings included 379,926,645 treasury shares (2017: 360,590,019; 2016: 353,356,251). In addition, treasury shares are also held within HSBC’s Insurance business retirement funds for the benefit of policyholders or beneficiaries within employee trusts for the settlement of shares expected to be delivered under employee share schemes or bonus plans, and the market-making activities in Global Markets. | ||
[3] | Cumulative goodwill amounting to $5,138m has been charged against reserves in respect of acquisitions of subsidiaries prior to 1 January 1998, including $3,469m charged against the merger reserve arising on the acquisition of HSBC Bank plc. The balance of $1,669m has been charged against retained earnings. | ||
[4] | At 31 December 2018, retained earnings includes 326,503,319 ($2,546m) of treasury shares (2017: 326,843,840 ($2,542m); 2016: 325,499,152 ($2,499m)). Treasury shares are held to fund employee share plans. | ||
[5] | HSBC Holdings distributable reserves at 31 December 2018 of $30,705m (2017: $38,031m) represents realised profits included in retained earnings of $14,974m (2017: $22,300m) and in merger reserve of $15,731m (2017: $15,731m). The distributable reserves are lower than retained earnings of $61,434m (2017: $23,903m). In 2018, income of $44,893m (2017:nil) generated from restructuring the Group’s Asia operation to meet resolution and recovery requirements does not form part of distributable reserves. | ||
[6] | During 2018, HSBC Holdings issued $4,150m, £1,000m and SGD750m of perpetual subordinated contingent convertible capital securities on which there were $60m of external issuance costs, $49m of intra-Group issuance costs and $11m of tax benefits. In 2017, HSBC Holdings issued $3,000m, SGD1,000m and €1,250m of perpetual subordinated contingent convertible capital securities, on which there were $14m of external issuance costs, $37m of intra-Group issuance costs and $10m of tax benefits. In 2016, HSBC Holdings issued $2,000m of perpetual subordinated contingent convertible capital securities, after issuance costs of $6m and tax benefits of $4m. Under IFRSs these issuance costs and tax benefits are classified as equity. | ||
[7] | During 2018, HSBC Holdings redeemed $2,200m 8.125% perpetual subordinated capital securities and its $3,800m 8.000% perpetual subordinated capital securities, Series 2, on which there were $172m of external issuance costs and $23m of intra-Group issuance costs wound down. | ||
[8] | The $350m at 31 December 2017 represents the IAS 39 available-for-sale fair value reserve as at 31 December 2017. | ||
[9] | Other paid-in capital arises from the exercise and lapse of share options granted to employees of HSBC Holdings subsidiaries. |