My first Publication ocbc_ar17_fullreport_english | Page 264

NOTES TO THE FINANCIAL STATEMENTS
For the financial year ended 31 December 2017
43. CONTINGENT LIABILITIES
The Group conducts businesses involving acceptances, guarantees, documentary credits and other similar transactions. Acceptances
are undertakings by the Group to pay on receipt of bills of exchange drawn. The Group issues guarantees on the performance of
customers to third parties. Documentary credits commit the Group to make payments to third parties on presentation of stipulated
documents. As the Group will only be required to meet these obligations in the event of customer’s default, the cash requirements of
these instruments are expected to be considerably below their nominal contractual amounts.
GROUP
Guarantees and standby letters of credit:
Term to maturity of one year or less
Term to maturity of more than one year
Acceptances and endorsements
Documentary credits and other short term trade-related transactions
43.1 ANALYSED BY INDUSTRY
Agriculture, mining and quarrying
Manufacturing
Building and construction
General commerce
Transport, storage and communication
Financial institutions, investment and holding companies
Professionals and individuals
Others
43.2 ANALYSED BY GEOGRAPHY
Singapore
Malaysia
Indonesia
Greater China
Other Asia Pacific
Rest of the World
BANK
2017
$’000 2016
$’000 2017
$’000 2016
$’000
3,935,631
2,195,691
6,131,322
1,282,660
3,089,865
10,503,847 4,063,677
1,930,330
5,994,007
1,300,489
3,850,565
11,145,061 3,129,357
1,369,407
4,498,764
672,607
2,111,154
7,282,525 3,264,335
1,326,100
4,590,435
634,404
3,048,191
8,273,030
83,448
1,748,009
1,623,199
3,931,533
624,056
485,481
302,264
1,705,857
10,503,847 209,781
1,840,893
1,466,296
5,461,263
451,106
492,558
294,233
928,931
11,145,061 201,138
762,184
754,178
3,126,052
481,980
417,549
57,708
1,481,736
7,282,525 257,241
889,064
832,285
4,716,420
312,386
580,727
62,404
622,503
8,273,030
5,818,712
1,261,392
1,154,550
1,842,263
300,655
126,275
10,503,847 6,209,345
1,190,586
1,195,478
2,208,740
246,092
94,820
11,145,061 5,941,579
10,005
–
893,818
310,848
126,275
7,282,525 6,447,741
13,491
–
1,442,359
274,619
94,820
8,273,030
Contingent liabilities analysed by geography is based on the country where the transactions are recorded.
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OCBC ANNUAL REPORT 2017