Company: HBCYF
Filing Date: 2025-02-20
Form Type: 20-F
Source: 0001089113-25-000040
Chunk: 620

Company: HSBC HOLDINGS PLC
Filing Date: 2025-02-20
Form: 20-F
Chunk 620
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                                                                  |                            231 |              231 |                            179 |              168 |
| Derivatives                                                                                        |                          7,944 |            5,340 |                          9,309 |            6,090 |
| Accruals, deferred income and other liabilities                                                    |                            399 |              194 |                            505 |              341 |
| Subordinated liabilities                                                                           |                          1,202 |                — |                            927 |              913 |
| Total related party liabilities at 31 Dec                                                          |                          9,776 |            5,765 |                         10,920 |            7,512 |
| Guarantees and commitments                                                                         |                          7,440 |            7,327 |                          7,723 |            7,723 |

The above outstanding balances arose in the ordinary course of business and on substantially the same terms, including interest rates and

security, as for comparable transactions with third-party counterparties.

Some employees of HSBC Holdings are members of the HSBC Bank (UK) Pension Scheme, which is sponsored by a separate Group company.

HSBC Holdings incurs a charge for these employees equal to the contributions paid into the scheme on their behalf. Disclosure in relation to

the scheme is made in Note 5 .

| 37 | Events after the balance sheet date |

A fourth interim dividend for 2024 of $ 0.36 per ordinary share (a distribution of approximately $ 6.4b n was approved by the Directors after 31 December 2024. On 19 February 2025, HSBC Holdings announced a share buy-back to purchase its ordinary shares up to a maximum consideration of $ 2.0bn , which is expected to commence shortly and complete by our first quarter 2025 results announcement. On 30 January 2025, HSBC Holdings called $ 1,750m 2.999% fixed rate/floating rate senior unsecured and $ 500m floating rate senior unsecured securities. These securities are expected to be redeemed and cancelled on 10 March 2025. On 7 February 2025, HSBC Holdings called $ 2,450m 6.375% perpetual subordinated contingent convertible securities which are expected to be redeemed and cancelled on 30 March 2025. The accounts were approved by the Board of Directors on 19 February 2025 and authorised for issue .

38 HSBC Holdings’ subsidiaries, joint ventures and associates In accordance with section