Company: HBCYF
Filing Date: 2025-02-20
Form Type: 20-F
Source: 0001089113-25-000040
Chunk: 602

Company: HSBC HOLDINGS PLC
Filing Date: 2025-02-20
Form: 20-F
Chunk 602
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m |
| Deposits by banks1                                    |  7,671 |  6,779 |
| Customer accounts1                                    | 10,709 |  8,955 |
| Other debt securities in issue (Note26)               |     73 |     27 |
| Other liabilities – net short positions in securities | 47,529 | 57,389 |
| At 31 Dec                                             | 65,982 | 73,150 |

1 ‘Deposits by banks’ and ‘Customer accounts’ include repos, stock lending and other amounts.

| 436 | HSBC Holdings plcAnnual Report on Form 20-F |

Notes on the financial statements

| 25 | Financial liabilities designated at fair value |

| HSBC                                                |         |         |
|                                                     |    2024 |    2023 |
|                                                     |      $m |      $m |
| Deposits by banks and customer accounts1            |  23,773 |  21,043 |
| Liabilities to customers under investment contracts |   5,931 |   5,103 |
| Debt securities in issue (Note 26)                  |  99,706 | 103,803 |
| Subordinated liabilities (Note 29)                  |   9,317 |  11,477 |
| At 31 Dec                                           | 138,727 | 141,426 |

1 Structured deposits placed at HSBC Bank USA are insured by the Federal Deposit Insurance Corporation, a US government agency, up to $250,000 per depositor. The carrying amount of financial liabilities designated at fair value was $ 4,365 m less than the contractual amount at maturity ( 2023 : $ 4,421 m less). The cumulative amount of change in fair value attributable to changes in credit risk was a loss of $ 1,655 m ( 2023 : loss of $ 1,286 m).

| HSBC Holdings                     |        |        |
|                                   |   2024 |   2023 |
|                                   |     $m |     $m |
| Debt securities in issue (Note26) | 33,268 | 35,189 |
| Subordinated liabilities (Note29) |  8,314 |  8,449 |
| At 31 Dec                         | 41,582 | 43,638 |

The carrying amount of financial liabilities designated at fair value was $ 17m less than the contractual amount