Company: HBCYF
Filing Date: 2025-02-20
Form Type: 20-F
Source: 0001089113-25-000040
Chunk: 581

Company: HSBC HOLDINGS PLC
Filing Date: 2025-02-20
Form: 20-F
Chunk 581
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1 The accumulated amount of fair value hedge adjustments remaining in the statement of financial position for hedged items that have ceased to be adjusted for

hedging gains and losses were liabilities of $ 311m (2023: $ 136 m ) for FVOCI assets and liabilities of $ 745m (2023: $ 1,256m ) for debt issued.

2 Used in effectiveness testing, which comprise an amount attributable to the designated hedged risk that can be a risk component.

3 The hedged risk ‘interest rate’ includes inflation risk.

| HSBC Holdings hedging instrument by hedged risk |                    |                 |             |                           |                       |
|                                                 | Hedging instrument |                 |             |                           |                       |
|                                                 |                    | Carrying amount |             |                           |                       |
|                                                 | Notional amount1,2 |          Assets | Liabilities | Balance sheetpresentation | Change in fair value3 |
| Hedged risk                                     |                 $m |              $m |          $m | $m                        |                       |
| Interest rate4                                  |             90,074 |             714 |       3,838 | Derivatives               |                -1,103 |
| At 31 Dec 2024                                  |             90,074 |             714 |       3,838 |                           |                -1,103 |
| Interest rate4                                  |             92,268 |           1,128 |       3,638 | Derivatives               |                 1,426 |
| At 31 Dec2023                                   |             92,268 |           1,128 |       3,638 |                           |                 1,426 |

1 The notional contract amounts of derivatives designated in qualifying hedge accounting relationships indicate the nominal value of transactions outstanding at

the balance sheet date. They do not represent amounts at risk.

2 The notional amount of non-dynamic fair value hedges is equal to $ 90,074m (2023: $ 92,268m ), of which the weighted-average maturity date is May 2030 and

the weighted-average swap rate is 2.78% (2023: 2.46% ). The majority of these hedges are internal to the Group.

3 Used in effectiveness testing, comprising the full fair value change of the hedging instrument not excluding any component.

4 The hedged risk ‘interest rate’ includes foreign exchange risk.

| HSBC Holdings hedged item