My first Publication ocbc_ar17_fullreport_english | Page 234

NOTES TO THE FINANCIAL STATEMENTS
For the financial year ended 31 December 2017
39. RISK MANAGEMENT (continued)
39.3 MARKET RISK AND ASSET LIABILITY MANAGEMENT (continued)
Structural foreign exchange risk
Structural foreign exchange risks arise primarily from the Group’s net investments in overseas branches, subsidiaries and associates,
strategic equity investments as well as property assets. The Group uses foreign currency forwards, swaps and borrowings to hedge its
exposure. The table below shows the Group’s structural foreign currency exposure at reporting date.
2017
$ million
Hong Kong Dollar
US Dollar
Chinese Renminbi
Others
Total
2016
Structural
currency
exposure Hedging
financial
instruments Net structural
currency
exposure Structural
currency
exposure Hedging
financial
instruments Net structural
currency
exposure
6,208
4,180
3,663
6,639
20,690 3,110
2,266
–
640
6,016 3,098
1,914
3,663
5,999
14,674 6,530
4,179
2,700
5,889
19,298 3,670
2,162
–
1,497
7,329 2,860
2,017
2,700
4,392
11,969
Liquidity risk
The table below analyses the carrying value of assets and liabilities of the Group into maturity time bands based on the remaining term
to contractual maturity as at the balance sheet date.
Within
1 week 1 week to
1 month 1 to 3
months 3 to 12
months 1 to 3
years Over
3 years No
specific
maturity Total
9,157
7,770
17,535
525
6,101
1,260
– 2,874
8,208
28,022
2,723
3
937
102 1,746
14,329
20,589
5,406
10
335
41 57
16,583
29,257
14,292
#
2,029
– –
1,216
36,861
12,627
3
598
1 –
618
102,404
13,639
269
82
– 5,760
–
–
3,922
–
584
2,208 19,594
48,724
234,668
53,134
6,386
5,825
2,352
–
–
42,348 –
–
42,869 2
–
42,458 37
–
62,255 –
–
51,306 –
–
117,012 3,703
5,160
21,337 3,742
5,160
379,585
75,353
454,938
158,604
4,836
–
6,416
2,285
1,343
173,484 42,211
1,282
–
5
1,091
3,065
47,654 42,201
1,221
585
18
956
10,959
55,940 37,456
146
–
1
2,070
9,251
48,924 1,328
–
–
8
53
3,465
4,854 1,842
–
–
6
89
4,152
6,089 –
–
37
–
827
–
864 283,642
7,485
622
6,454
7,371
32,235
337,809
75,353
413,162
(131,136) (4,785) (13,482) 13,331 46,452 110,923
$ million
2017
Cash and placements with
central banks
Placements with and loans to banks
Loans and bills receivable
Securities (1)
Derivative receivables
Other assets (2)
Associates
Property, plant and equipment and
investment property (3)
Goodwill and intangible assets
Total
Total life assurance fund assets
Total assets
Deposits of non-bank customers
Deposits and balances of banks
Trading portfolio liabilities
Derivative payables
Other liabilities (4)
Debt issued
Total
Total life assurance fund liabilities
Total liabilities
Net liquidity gap

(3)

(4)

(5)

(1)
(2)
232
Securities comprise trading and investment portfolio of government, debt and equity securities (including assets pledged).
Other assets include deferred tax assets.
Property, plant and equipment and investment property include assets held for sale.
Other liabilities include amounts due to associates, current tax and deferred tax liabilities.
# represents amounts less than $0.5 million.
OCBC ANNUAL REPORT 2017