Company: WEBNF
Filing Date: 2025-11-04
Form Type: 20-F
Source: 0001104659-25-105894
Chunk: 74

Company: WESTPAC BANKING CORP
Filing Date: 2025-11-04
Form: 20-F
Item: Item 14
Chunk 74
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 ​     6,402   ​       3,631
Accrued interest payable                     ​     4,235   ​       4,940   ​     3,684   ​       4,094
Securities purchased not delivered           ​     7,574   ​       2,966   ​     7,574   ​       2,966
Trade creditors and other accrued expenses   ​     2,363   ​       2,375   ​     1,887   ​       1,994
Settlement and clearing balances             ​       869   ​         934   ​       848   ​         801
Securities sold short                        ​     4,215   ​       3,248   ​     4,215   ​       3,248
Other                                        ​     1,163   ​       1,131   ​     1,142   ​       1,112
Total other financial liabilities                 41,488          38,077        38,935          33,917
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FINANCIAL   EXHIBITS INDEX   STRATEGIC   PERFORMANCE   EXHIBIT 15.4   ADDITIONAL 
REPORT                       REVIEW      REVIEW                       INFORMATION
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Note 20.Derivative financial instruments
Accounting policy​

Derivative financial instruments are instruments whose values are derived from the value of an underlying asset, reference rate or index and include forwards, futures, swaps and options.Westpac uses derivative financial instruments for meeting customers’ needs, our Asset and Liability Management (ALM) activities, and undertaking market making and positioning activities.Trading derivativesDerivatives which are used in our ALM activities but are not designated into a hedge accounting relationship are considered economic hedges. These derivatives, along with derivatives used for meeting customers’ needs and undertaking market making and positioning activities, are measured at FVIS and are disclosed as trading derivatives.Hedging derivativesHedging derivatives are those which are used in our ALM activities and have also been designated into one of three hedge accounting relationships: fair value hedge; cash flow hedge; or hedge of a net investment in a foreign operation. These derivatives are measured at fair value. These hedge designations and the associated accounting treatment are detailed below.For more details regarding Westpac’s ALM activities, refer to Note 21.Fair value hedgesFair value hedges are used