14th Aug 2009 16:49
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Terms used |
Brief description |
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ABSs |
Asset-backed securities |
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ADS |
American depositary share |
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ALCO |
Asset and Liability Management Committee |
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ARMs |
Adjustable-rate mortgages |
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Asscher |
Asscher Finance Ltd, a structured investment vehicle managed by HSBC |
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Bank Ekonomi |
PT Bank Ekonomi Raharja Tbk |
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Bank of Communications |
Bank of Communications Limited, mainland China's fifth largest bank, owned 19.01 per cent by HSBC |
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Barion |
Barion Funding Limited, a term funding vehicle |
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Basel I |
The 1988 Basel Capital Accord |
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Basel II |
Final Accord of the Basel Committee on proposals for a new capital adequacy framework |
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CDO |
Collateralised debt obligation |
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CP |
Commercial paper |
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Cullinan |
Cullinan Finance Ltd, a structured investment vehicle managed by HSBC |
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DPF |
Discretionary participation feature of insurance and investment contracts |
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EU |
European Union |
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Fannie Mae |
Federal National Mortgage Association, US |
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Freddie Mac |
Federal Home Loan Mortgage Corporation, US |
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FSA |
Financial Services Authority (UK) |
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GAAP |
Generally Accepted Accounting Principles |
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GDP |
Gross domestic product |
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Ginnie Mae |
Government National Mortgage Association, US |
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Global Markets |
HSBC's treasury and capital markets services in Global Banking and Markets |
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GMO |
Group Management Office |
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Group |
HSBC Holdings together with its subsidiary undertakings |
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H1N1 flu virus |
Influenza A (H1N1), commonly referred to as 'swine flu' |
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Hong Kong |
Hong Kong Special Administrative Region of the People's Republic of China |
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HSBC |
HSBC Holdings together with its subsidiary undertakings |
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HSBC Bank |
HSBC Bank plc, formerly Midland Bank plc |
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HSBC Bank USA |
HSBC Bank USA, N.A., HSBC's retail bank in the US |
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HSBC Finance |
HSBC Finance Corporation, the US consumer finance company acquired in 2003 (formerly Household International, Inc.) |
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HSBC France |
HSBC's French banking subsidiary (formerly CCF S.A.) |
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HSBC Holdings |
HSBC Holdings plc |
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IAS |
International Accounting Standard |
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IASB |
International Accounting Standards Board |
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IFRIC |
International Financial Reporting Interpretations Committee |
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IFRSs |
International Financial Reporting Standards |
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Investsmart |
IL&FS Investsmart Limited, an Indian incorporated, 93.86 per cent owned subsidiary of HSBC Holdings plc |
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Industrial Bank |
Industrial Bank Co. Limited, a national joint-stock bank in mainland China of which Hang Seng Bank Limited owns 12.78 per cent |
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IRB |
Internal ratings-based approach to implementing Basel II |
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Madoff Securities |
Bernard L Madoff Investment Securities LLC |
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Mainland China |
People's Republic of China excluding Hong Kong |
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Malachite |
Malachite Funding Limited, a term funding vehicle |
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MasterCard |
MasterCard Inc. |
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Mazarin |
Mazarin Funding Limited, an asset-backed CP conduit |
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Terms used |
Brief description |
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MBSs |
US mortgage-backed securities |
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Monolines |
Monoline insurance companies, so-called because they provide services in just one specific financial area |
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OTC |
Over-the-counter |
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Ping An Insurance |
Ping An Insurance (Group) Company of China, Limited |
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Premier |
HSBC Premier, HSBC's global banking service for affluent customers |
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PVIF |
Present value of in-force long-term insurance business |
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Refi rate |
The European Central Bank main refinancing minimum bid rate |
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Repos |
Sale and repurchase transactions |
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Reverse repos |
Securities purchased under commitments to sell |
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RMM |
Risk Management Meeting |
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S&P |
Standard & Poor's |
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Seasoning |
Emergence of loss patterns in a credit portfolio over time |
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SIC |
Securities investment conduit |
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SIV |
Structured investment vehicle |
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Solitaire |
Solitaire Funding Limited, a special purpose entity managed by HSBC |
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SPE |
Special purpose entity |
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Sub-prime |
US description for customers who have limited credit histories, modest incomes, high debt-to-income ratios, high loan-to-value ratios (for real estate secured products) or have experienced credit problems caused by occasional delinquencies, prior charge-offs, bankruptcy or other credit-related actions |
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The Chinese Bank |
The Chinese Bank Co., Ltd, in Taiwan, whose assets, liabilities and operations HSBC acquired in March 2008 |
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UK |
United Kingdom |
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US |
United States of America |
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VAR |
Value at risk |
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VNAV |
Variable net asset value |
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Visa |
Visa Inc. |
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Accounting policies 102, 209 |
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Areas of special interest 145 |
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Asset-backed securities 99, 102, 104, 177 |
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Assets |
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by customer group 30 |
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by geographical region 46 |
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financial assets designated at fair value 215 |
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held in custody and under administration 29 |
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maturity analysis 223 |
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movement in 27 |
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non-current assets held for sale 221 |
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trading 214 |
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Associates and joint ventures 24 |
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Auditor's review report 233 |
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Balance sheet |
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consolidated 26, 201 |
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data 3, 31, 33, 38, 39, 41, 43, 48, 52, 55, 59, 64, 68, 72, 75, 83, 87 |
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movement 27 |
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underlying/reported reconciliation 28 |
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Basel II 188 |
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Basis of preparation 207 |
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Business (and financial) highlights 31, 33, 35, 39 |
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Business performance review |
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Europe 49 |
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Hong Kong 56 |
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Latin America 88 |
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Middle East 73 |
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North America 80 |
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Rest of Asia-Pacific 65 |
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Capital |
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management 187 |
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measurement and allocation 188 |
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structure 190 |
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Cash flow |
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consolidated statement 202 |
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notes 224 |
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projected scenario analysis 170 |
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Cautionary statement regarding forward-looking statements 4 |
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Client assets 39 |
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Collateral 140 |
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Commercial Banking |
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balance sheet data 33 |
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financial and business highlights 33 |
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profit before tax 33 |
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Comparative information 208 |
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Compliance with IFRSs 207 |
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Composition of group (changes in) 209 |
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Constant currency 12 |
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Contents 1 |
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Contingent liabilities, contractual commitments and financial guarantee contracts 137, 225 |
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Copies of the Interim Report 2009 245 |
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Corporate governance 244 |
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Credit quality 155 |
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Credit risk 138 |
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credit exposure 138, 140 |
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Customer accounts 47, 63, 71, 78, 86 |
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Customer groups and global businesses 30 |
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Daily distribution of trading revenues 175 |
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Dealings in HSBC Holdings shares 243 |
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Defined terms - Inside front cover |
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Derivatives |
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by product contract type 217 |
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hedging instruments 218 |
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trading and credit 217 |
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Directors |
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biographies 193 |
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interests 234 |
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Dividends 2, 210, 243, 244 |
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Earnings per share 3, 210 |
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Economic briefing |
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Europe 47 |
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Hong Kong 56 |
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Latin America 87 |
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Middle East 72 |
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North America 78 |
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Rest of Asia-Pacific 63 |
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Economic profit 25 |
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Equity 28, 203 |
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Equity securities available for sale 178 |
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Estimates and assumptions 208 |
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Europe |
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balance sheet data 48, 52 |
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business performance review 49 |
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customer accounts 47 |
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economic briefing 47 |
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impairment allowances 159 |
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loans and advances (net) 47, 142 |
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profit/(loss) before tax 46, 48, 52 |
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Events after the balance sheet date 231 |
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Fair values |
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of financial instruments at fair value 18, 114 |
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of financial instruments not at fair value 122 |
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valuation bases 116 |
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Fee income (net) 16 |
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Final results 244 |
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Financial assets |
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designated at fair value 215 |
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reclassification 97 |
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Financial highlights 2 |
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Financial investments 219 |
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Financial liabilities designated at fair value 222 |
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Foreclosed properties in US 155 |
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Funds under management 29 |
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Future accounting developments 208 |
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Gains less losses from financial investments 19 |
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Geographical regions 46 |
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Global Banking and Markets |
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ABSs classified as AFS 99 |
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balance sheet data 38 |
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financial and business highlights 35 |
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profit before tax 35 |
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Goodwill impairment 226 |
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Group Chairman's Statement 5 |
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Group Chief Executive's Review 7 |
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Group Managing Directors 197 |
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Hong Kong |
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balance sheet data 55, 59 |
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business performance review 56 |
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economic briefing 56 |
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impairment allowances 159 |
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loans and advances 55, 142 |
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profit before tax 55, 59 |
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HSBC Finance 171 |
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Impairment |
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allowances and charges 159 |
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available-for-sale assets 121 |
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by geographical region 159, 162 |
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by industry 161 |
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charges and other credit risk provisions 21 |
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impaired loans 159, 164, 166 |
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Income from financial instruments designated at fair value (net) 18 |
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Income statement (consolidated) 14, 199 |
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Insurance |
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balance sheet by type of contract 185 |
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claims incurred and movement in liabilities to policyholders (net) 20 |
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net earned premiums 19 |
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liabilities under contracts issued 183 |
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risk management 182 |
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Interest income (net) 15 |
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sensitivity 179 |
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Interest rate repricing gap 178 |
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Interim Management Statement 244 |
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Interim Report 2009 231 |
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Latin America |
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balance sheet data 87, 91 |
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business performance review 88 |
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customer accounts 86 |
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economic briefing 87 |
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impairment allowances 159 |
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loans and advances 86, 142, 144 |
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profit before tax 86, 87, 91 |
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Legal risk 182 |
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Leveraged finance transactions 112, 137 |
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Liabilities |
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financial liabilities designated at fair value 222 |
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maturity analysis 223 |
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movement in 27 |
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trading 222 |
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Liquidity and funding 169 |
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contingent liquidity risk 171 |
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Litigation 229 |
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Loans and advances |
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by country/region 47, 63, 71, 78, 86 |
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by credit quality 155 |
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by industry sector 142 |
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delinquency in the US 153 |
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exposure 138, 140 |
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impaired 159 |
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mortgage lending 148 |
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past due but not impaired 157 |
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personal lending 146, 151 |
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potential problem loans 166 |
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renegotiated to banks/customers 154 |
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to banks/customers 142, 215 |
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unimpaired loans contractually past due 90 days or more 166 |
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wholesale lending 145 |
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within Rest of Asia-Pacific, Middle East and Latin America 144 |
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Loan impairment charges and other credit risk provisions 21 |
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Market risk 173, 189 |
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Market turmoil |
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accounting policies 102 |
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asset-backed securities 99, 102, 104 |
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business model 101 |
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disclosure policy 96 |
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exposures 96, 102, 133 |
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financial effect 98 |
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impact on liquidity risk 172 |
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impact of market risk 174 |
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special purpose entities 124, 137 |
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structured investment vehicles 124 |
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Middle East |
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balance sheet data 72, 75 |
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business performance review 73 |
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customer accounts 71 |
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economic briefing 72 |
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impairment allowances 159 |
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loans and advances 71, 142, 144 |
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profit/(loss) before tax 71, 72, 75 |
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Money market funds 130 |
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Monoline insurers 111 |
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Mortgage lending |
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products 149, HSBC Finance 151 |
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in the UK, (US) 148 |
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Non-trading portfolios 177 |
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North America |
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balance sheet data 79, 83 |
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business performance review 80 |
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customer accounts 78 |
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economic briefing 78 |
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impairment allowances 159 |
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loans and advances 78, 142 |
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profit/(loss) before tax 78, 79, 83 |
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Notifiable interests in share capital 242 |
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Off-balance sheet arrangements 137 |
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Operating expenses 23 |
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Operating income (other) 20 |
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Operational risk 181, 190 |
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'Other' customer group |
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balance sheet data 41 |
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notes 41 |
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profit/(loss) before tax 41 |
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Pension scheme 179 |
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balance sheet data 33 |
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financial and business highlights 31 |
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profit/(loss) before tax 33 |
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Pillar 2, Pillar 3 190 |
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Post-employment benefits 211 |
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Potential problem loans 166 |
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Principal activities 11 |
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Private Banking |
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balance sheet data 39 |
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financial and business highlights 39 |
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profit before tax 39 |
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Profit before tax |
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attributable 211 |
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by country 46, 62, 71, 78, 86 |
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by customer group 30, 31, 33, 35, 39, 41, 43, 46, 55, 62, 78, 86 |
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by geographical region 46, 48, 52, 55, 59, 64, 68, 72, 75, 79, 83, 87, 91, 226 |
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consolidated 199 |
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data 3 |
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underlying/reported reconciliations 12, 13, 32, 34, 37, 40, 42, 49, 51, 56, 58, 65, 67, 73, 74, 80, 82, 88, 90 |
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Ratios |
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advances to deposits 169 |
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capital 3 |
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cost efficiency 3, 24 |
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credit coverage 3 |
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earnings to combined fixed charges 26 |
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efficiency and revenue mix 3 |
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financial 3 |
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net liquid assets to customer liabilities 170 |
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performance 3 |
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Related parties 29 |
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Reputational risk 182 |
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Responsibility statement 232 |
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Rest of Asia-Pacific |
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balance sheet data 64, 68 |
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business performance review 65 |
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customer accounts 63 |
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economic briefing 63 |
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impairment allowances 159 |
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loans and advances 63, 142, 144 |
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profit before tax 62, 64, 68 |
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Rights issue 2, 11, 227 |
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Risk elements, analysis of 167 |
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Risk elements in the loan portfolio 166 |
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Risk management 138 |
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contingent liquidity 171 |
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credit 138, 189 |
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credit spread 176, 177 |
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foreign exchange 179 |
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gap 177 |
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insurance operations 182 |
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liquidity and funding 169, 172 |
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market 173, 189 |
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operational 181, 190 |
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pension 179 |
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reputational 182 |
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Sensitivity |
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projected net interest income 179 |
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Share capital |
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notifiable interests 242 |
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Shareholder enquiries 245 |
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Share option plans |
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directors' interests 234 |
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discretionary share incentive plans 239 |
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employee share option plans 237 |
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subsidiary company plans 240 |
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Bank of Bermuda plans 241 |
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HSBC Finance plans 241 |
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HSBC France plans 240 |
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Special purpose entities 124, 133, 137 |
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Staff numbers 23 |
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Statement of comprehensive income (consolidated) 200 |
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Stock codes 245 |
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Strategic direction 11 |
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Stress testing 174 |
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Structural foreign exchange exposures 181 |
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Structured investment vehicles and conduits 124 |
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Tax expense 213 |
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Telephone and online share-dealing service 245 |
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Total shareholder return 4 |
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Trading |
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assets 214 |
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derivatives 217 |
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income (net) 17 |
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liabilities 222 |
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portfolios 175 |
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Troubled debt restructurings 166 |
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Underlying performance 12 |
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Value at risk 173, 174 |
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Wholesale lending 145 |
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