Company: HBCYF
Filing Date: 2025-02-20
Form Type: 20-F
Source: 0001089113-25-000040
Chunk: 211

Company: HSBC HOLDINGS PLC
Filing Date: 2025-02-20
Form: 20-F
Chunk 211
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 pension scheme for a corporate entity in Asia in accordance with applicable laws and regulations. An individual participant in this pension scheme was designated under Executive Order 13382 in 2023. We have restricted the individual's pension scheme account. During 2024, prior to the imposition of the account restriction, we allocated two mandatory local currency contributions into the individual's pension scheme account. For this activity, there was no measurable gross revenue or net profit to HSBC during 2024. Other activity We have a non-Iranian insurance company customer in the Middle East that, during 2024, made local currency domestic payments for the reimbursement of medical treatment to a hospital located outside Iran that is owned by the Government of Iran. We processed these payments from our customer to the hospital. We have two customers in the Middle East that, during 2024, made local currency domestic payments for medical treatment to a hospital located outside Iran that is owned by the Government of Iran. We processed these payments from our customers to the hospital. We have one corporate customer in the Middle East that, during 2024, received local currency cheques from a hospital located outside Iran that is owned by the Government of Iran. We processed the cheques from the hospital to our customer. We have individual and corporate customers in the Middle East that, during 2024, received local currency cheques from an insurance company located outside Iran that is owned by the Government of Iran. We processed these cheques from the insurance company to our customers. We have one corporate customer in Europe that, during 2024, received local currency domestic payments from an insurance company located outside Iran that is owned by the Government of Iran for the provision of repair services. We processed the payments from the insurance company to our customer. We have individual and corporate customers in Asia, Europe and the Middle East that, during 2024, made small local currency domestic payments to, or received such payments from, Iranian embassies or consulates. These customers are engaged in activities that require consular services provided by embassies or consulates or provide goods and services that support the conduct of the official business of the embassies or consulates. In addition, we have an international organisation customer in Europe that, during 2024, received a local currency payment from an Iranian embassy relating to annual membership fees. We processed these payments between our customers and the Iranian embassies or consulates. We have two corporate customers in Europe that, during 2024, received local currency payments from a bank