Company: WEBNF
Filing Date: 2025-11-04
Form Type: 20-F
Source: 0001104659-25-105894
Chunk: 82

Company: WESTPAC BANKING CORP
Filing Date: 2025-11-04
Form: 20-F
Item: Item 14
Chunk 82
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 ​                                     ​   ​                    ​                 ​   ​                 ​   ​   ​                 ​   ​              
Fair value hedges           Interest rate swap                        Interest rate risk                 2,295               (2,274)   21                        n/a            
​                           Cross currency swap                       Interest rate risk   ​                84   ​              (84)   ​   -                 ​   n/a            
Cash flow hedges            Interest rate swap                        Interest rate risk                 1,121               (1,126)       (5)                   n/a            
​                           Cross currency swap                       FX risk              ​               (9)   ​                 9   ​   -                 ​   n/a            
​                       ​   Foreign exchange forwards and swaps   ​   FX risk              ​             (126)   ​               126   ​   -                 ​   n/a            
Net investment hedges       Forward contracts                         FX risk              31                                   (31)       n/a                   -              
Total                                                                                                    3,396               (3,380)   16                        -              
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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
Financial instruments are fundamental to Westpac’s business of providing banking and financial services. The associated financial risks (including credit risk, funding and liquidity risk and market risk) are a significant proportion of the total risks faced by Westpac.
This note details the financial risk management policies, practices and quantitative information of Westpac’s principal financial risk exposures.

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Index                                                                                                                                                                                                                                                                                                                                                                                                                                  ​   Note Name                                                                                                                         ​                           number
Overview                                                                                                                                                                                                                                                                                                                                                                                                                               ​   Risk management frameworks                                                                                                        ​                             21.1
Credit risk                                                                                                                                                                                                                                                                                                                                                                                                                            ​   Refer to Note 11 Credit risk management                                                                                           ​                               11
Funding and liquidity riskThe risk that Westpac cannot meet its payment obligations or that it does not have the appropriate amount, tenor and composition of funding and liquidity to support its assets.                                                                                                                                                                                                                             ​   Liquidity modellingSources of fundingAssets pledged as collateralContractual maturity of financial liabilitiesExpected maturity   ​   21.2.121.2.221.2.