My first Publication ocbc_ar17_fullreport_english | Page 192

NOTES TO THE FINANCIAL STATEMENTS
For the financial year ended 31 December 2017
18. DERIVATIVE FINANCIAL INSTRUMENTS
The derivative financial instruments shown in the following tables are held for both trading and hedging purposes. The contractual or
underlying principal amounts of these derivative financial instruments and their corresponding gross positive (derivative receivables)
and negative (derivative payables) fair values at the balance sheet date are analysed below.
2017
GROUP ($’000)
Foreign exchange derivatives (“FED”)
Forwards
Swaps
OTC options – bought
OTC options – sold
Interest rate derivatives (“IRD”)
Swaps
OTC options – bought
OTC options – sold
Exchange traded futures – bought
Exchange traded futures – sold
Equity derivatives
Forwards
Swaps
OTC options – bought
OTC options – sold
Exchange traded options – bought
Exchange traded futures – bought
Exchange traded futures – sold
Others
Credit derivatives
Swaps – protection buyer
Swaps – protection seller
Other derivatives
Precious metals – bought
Precious metals – sold
OTC options – bought
OTC options – sold
Futures – sold
Commodity swaps
Total
Included items designated for hedges:
Fair value hedge – FED
Fair value hedge – IRD
Hedge of net investments – FED
190
OCBC ANNUAL REPORT 2017
Principal
notional
amount Derivative
receivables
79,449,518
267,670,709
34,516,862
32,013,241
413,650,330
2016
Derivative
payables Principal
notional
amount Derivative
receivables Derivative
payables
648,921
3,039,822
284,783
16,529
3,990,055 730,196
3,088,205
35,497
236,420
4,090,318 52,598,526
209,187,749
20,533,064
19,678,202
301,997,541 729,665
4,297,135
397,285
15,896
5,439,981 682,034
4,011,655
37,411
390,313
5,121,413
480,380,675
873,028
2,186,709
1,643,308
3,431,656
488,515,376 2,226,065
2,363
–
224
661
2,229,313 2,179,153
–
18,966
82
52
2,198,253 358,496,972
294,736
2,206,866
167,070
1,673,453
362,839,097 2,206,171
3,171
–
161
1
2,209,504 2,150,051
–
26,565
–
667
2,177,283
–
1,061,144
1,659,130
1,576,791
184
148,188
263,093
3,073
4,711,603 –
29,012
42,023
15,906
184
998
22
24
88,169 –
28,959
13,766
41,243
–
–
1,219
24
85,211 14,552
725,969
1,316,207
1,143,734
–
–
144,897
7,886
3,353,245 –
19,201
21,843
19,789
–
–
5
240
61,078 –
19,237
14,406
16,779
–
–
926
6
51,354
5,474,651
4,449,184
9,923,835 5,562
61,746
67,308 62,540
5,512
68,052 7,977,048
7,184,602
15,161,650 13,986
82,578
96,564 82,354
11,017
93,371
179,679
201,809
999,014
993,807
8,429
39,732
2,422,470 3,321
1,066
5,422
492
80
715
11,096 990
4,048
492
5,369
–
1,242
12,141 169,906
199,177
600,653
600,653
–
39,503
1,609,892 419
9,946
16,658
111
–
3,348
30,482 9,858
762
111
16,658
–
3,348
30,737
919,223,614 6,385,941 6,453,975 684,961,425 7,837,609 7,474,158
–
5,815,051
3,170,036
8,985,087 –
43,613
100,564
144,177 –
14,989
22,673
37,662 630,616
6,550,441
5,222,963
12,404,020 286
75,952
102,874
179,112 168,403
22,700
41,756
232,859