My first Publication ocbc_ar17_fullreport_english | Page 251
39. RISK MANAGEMENT (continued)
39.5 INSURANCE-RELATED RISK MANAGEMENT (continued)
Market and credit risk (continued)
(h) Credit risk (continued)
The tables below show the maximum exposure to credit risk for the components of the balance sheet of GEH Group. The maximum
exposure is shown gross, before the effect of mitigation through the use of master netting or collateral agreements and the use of
credit derivatives. For derivatives, the fair value shown on the balance sheet represents the current risk exposure but not the maximum
risk exposure that could arise in the future as a result of the change in value. The table also provides information regarding the credit
risk exposure of GEH Group by classifying assets according to GEH Group’s credit ratings of counterparties.
Neither past due nor impaired
$ million
2017
Available-for-sale securities
Equity securities
Debt securities
Other investments
Securities at fair value through profit or loss
Equity securities
Debt securities
Other investments
Financial instruments held-for-trading
Equity securities
Debt securities
Derivative financial assets
Loans
Insurance receivables
Other debtors and interfund balances
Cash and cash equivalents
2016
Available-for-sale securities
Equity securities
Debt securities
Other investments
Securities at fair value through profit or loss
Equity securities
Debt securities
Other investments
Financial instruments held-for-trading
Equity securities
Debt securities
Derivative financial assets
Loans
Insurance receivables
Other debtors and interfund balances
Cash and cash equivalents
(3)
(1)
(2)
Investment Non-investment
grade @
grade @
Non-
rated Unit-
linked/not
subject to
credit risk Past due * Total
(AAA–BBB) (BB–C) –
28,562
– –
29
– –
11,278
– 14,320
–
6,929 –
–
– 14,320
39,869
6,929
–
144
– –
–
– –
–
– 2,536
1,036
2,431 –
–
– 2,536
1,180
2,431
–
1,092
235
430
77
–
4,900
35,440 –
–
–
–
–
–
–
29 –
550
–
867
2,595
3,646
166
19,102 12
#
4
–
–
84
299
27,651 –
–
–
62
29
1
–
92 12
1,642
239
1,359
2,701
3,731
5,365
82,314
–
26,979
– –
176
– –
8,779
– 11,084
–
5,191 –
–
– 11,084
35,934
5,191
–
14
– –
17
– –
9
– 2,035
1,016
1,992 –
–
– 2,035
1,056
1,992
–
590
77
420
82
–
3,083
31,245 –
–
–
–
–
–
18
211 –
485
1
1,180
2,493
2,590
118
15,655 7
10
7
–
–
50
308
21,700 –
–
–
9
30
1
–
40 7
1,085
85
1,609
2,605
2,641
3,527
68,851
based on public ratings assigned by external rating agencies including S&P, Moody’s, RAM and MARC.
* An ageing analysis for financial assets past due is provided below.
# represents amounts less than $0.5 million.
@
BUILDING ON OUR CORPORATE STRATEGY FOR SUSTAINABLE GROWTH
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