Company: WEBNF
Filing Date: 2025-11-04
Form Type: 20-F
Source: 0001104659-25-105894
Chunk: 88

Company: WESTPAC BANKING CORP
Filing Date: 2025-11-04
Form: 20-F
Item: Item 14
Chunk 88
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FINANCIAL   EXHIBITS INDEX   STRATEGIC   PERFORMANCE   EXHIBIT 15.4   ADDITIONAL 
REPORT                       REVIEW      REVIEW                       INFORMATION
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Note 21.Risk management, funding and liquidity risk and market risk (Continued)
21.2.3. Assets pledged as collateral
Westpac and the Parent Entity are required to provide collateral (predominantly to other financial institutions), as part of standard terms, to secure liabilities. In addition to assets supporting securitisation and covered bond programs disclosed in Note 15, the carrying value of these financial assets pledged as collateral is:

                                ​                                   ​      ​       ​       ​      ​      ​       ​       ​   
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​                                                                   ​              Consolidated   ​             Parent Entity
$m                                                                  2025          2024            2025          2024         
Cash                                                                ​     4,590   ​       6,269   ​     4,562   ​       6,199
Securities (including certificates of deposit)                            2,535           1,721         2,307           1,721
Securities pledged under repurchase agreements                           15,230          19,938        13,379          16,205
Securities pledged on contingent liabilities                        119           56              119           56           
Total amount pledged to secure liabilities/contingent liabilities        22,474          27,984        20,367          24,181
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21.2.4. Contractual maturity of financial liabilitiesThe following tables present cash flows associated with financial liabilities, payable at the balance sheet date, by remaining contractual maturity. The amounts disclosed in the table are the future contractual undiscounted cash flows, whereas Westpac manages inherent liquidity risk based on expected cash flows.
Cash flows associated with financial liabilities include both principal payments as well as fixed or variable interest payments incorporated into the relevant coupon period. Principal payments reflect the earliest contractual maturity date. Derivative liabilities designated in hedge accounting relationships and used as economic hedges are expected to be held for their remaining contractual lives, and reflect gross cash flows over the remaining contractual term.
Derivatives held for trading (excluding economic hedges) and certain liabilities classified in “Other financial liabilities” which are measured at FVIS are not managed for liquidity purposes on the basis of their contractual maturity, and accordingly these liabilities are presented in the up to 1 month