DBS BANK CHINA LIMITED NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2012 All amounts expressed in Rmb unless otherwise stated
[English translation for reference only]
64
48 FINANCIAL RISK MANAGEMENT continued
48.4 Liquidity risk continued B
Derivative cash flows continued
2 Derivatives settled on a gross basis
The Bank’s derivatives that will be settled on a gross basis mainly include derivative: currency forward The table below analyses the
Bank’s derivative financial instruments that will be settled on a gross basis into relevant maturity groupings based on the remaining period at the balance sheet to the contractual maturity date. The amounts disclosed in the table are the contractual undiscounted cash flows.
Up to 1 month 1-3 months
3-12 months 1-5 years
Over 5 years Total
As at 31 December 2012
Foreign exchange derivatives − Outflow
85,416,532,355 90,802,014,862 108,670,569,593 3,340,097,535
- 288,229,214,345 − Inflow
85,424,020,967 90,916,710,996 108,659,639,249 3,358,947,526
- 288,359,318,738
As at 31 December 2011
Foreign exchange derivatives − Outflow
64,295,063,026 45,363,883,259 61,495,262,098 1,556,838,100
- 172,711,046,483 − Inflow
64,373,834,657 45,376,447,752 61,486,680,362 1,560,353,800
- 172,797,316,571
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2012
All amounts expressed in Rmb unless otherwise stated [English translation for reference only]
65
48 FINANCIAL RISK MANAGEMENT continued
48.4 Liquidity risk continued C
Off-balance sheet items No later than
1 year 1-5 years
Over 5 years Total
31 December 2012
Letters of credit issued 21,865,545,724
- -
21,865,545,724 Letters of guarantee issued
969,822,408 123,206,955
19,000,000 1,112,029,363
Irrevocable loan commitment 236,046,796
355,557,020 145,157,699
736,761,515 Bank acceptances
1,194,520,292 -
- 1,194,520,292
Standby letter of credit 948,702,502
125,710,000 -
1,074,412,502 Operating lease commitments
138,469,484 177,319,528
- 315,789,012
Total 25,353,107,206
781,793,503 164,157,699
26,299,058,408
31 December 2011
Letters of credit issued 10,692,871,136
257,000,000 -
10,949,871,136 Letters of guarantee issued
1,468,209,892 86,929,793
19,000,000 1,574,139,685
Irrevocable loan commitment 332,087,337
822,962,107 374,888,081
1,529,937,525 Bank acceptances
1,065,096,451 -
- 1,065,096,451
Standby letter of credit 705,632,344
126,018,000 -
831,650,344 Operating lease commitments
99,225,441 214,054,617
- 313,280,058
Total 14,363,122,601
1,506,964,517 393,888,081
16,263,975,199
48.5 Fair values of financial assets and liabilities
