Company: HBCYF
Filing Date: 2025-02-20
Form Type: 20-F
Source: 0001089113-25-000040
Chunk: 578

Company: HSBC HOLDINGS PLC
Filing Date: 2025-02-20
Form: 20-F
Chunk 578
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 amount. For deposits with longer-term maturities, fair values are estimated using discounted cash flows, applying current rates offered for deposits of similar remaining maturities. Debt securities in issue and subordinated liabilities Fair values in debt securities in issue and subordinated liabilities are determined using quoted market prices at the balance sheet date where available, or by reference to quoted market prices for similar instruments. Repurchase and reverse repurchase agreements – non-trading Carrying amounts of repurchase and reverse repurchase agreements that are held on a non-trading basis provide approximate fair values. This is due to the fact that balances are generally short dated. HSBC Holdings

The methods used by HSBC Holdings to determine fair values of financial instruments for the purposes of measurement and disclosure are

described above.

| Fair values of HSBC Holdings’ financial instruments not carried at fair value on the balance sheet |                 |             |                 |             |
|                                                                                                    |            2024 |             |            2023 |             |
|                                                                                                    | Carrying amount | Fair value1 | Carrying amount | Fair value1 |
|                                                                                                    |              $m |          $m |              $m |          $m |
| Assets at 31 Dec                                                                                   |                 |             |                 |             |
| Loans and advances to HSBC undertakings                                                            |          37,677 |      38,359 |          27,354 |      27,878 |
| Financial investments – at amortised cost                                                          |          10,328 |      10,335 |          19,558 |      19,531 |
| Liabilities at 31 Dec                                                                              |                 |             |                 |             |
| Debt securities in issue                                                                           |          64,320 |      65,123 |          65,239 |      65,172 |
| Subordinated liabilities                                                                           |          23,548 |      25,911 |          24,439 |      26,651 |

1 Fair values (other than Financial investments which are Level 1) were determined using valuation techniques with observable inputs (Level 2).

| HSBC Holdings plcAnnual Report on Form 20-F | 417 |

14 Financial assets designated and otherwise mandatorily measured at fair

value through profit or loss

|                                           |                    2024 |                                  |         |                         |                             2023 |         |
|                                           | Designated atfair value | Mandatorilymeasured atfair value |   Total |