HSBC Bank Bermuda Limited 2010 Annual Report

HSBC BANK BERMUDA LIMITED
Notes on the Consolidated Financial Statements (continued)
( I n U S d o l l a r t h o u s a n d s ) 3 1 D e c e m b e r 2 0 1 0
25 Interest rate analysis of financial instruments
The table below discloses the mismatch of the dates on which interest on financial assets and financial liabilities are next reset to
market rate on a contractual basis, or if earlier, the dates on which the instruments mature. Contractual terms may not be representative
of the behaviour of financial assets and liabilities and the group therefore manages interest rate risk based on the behavioural
characteristics of the relevant financial assets and liabilities.
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Due
between
Range of
weighted
average
effective
interest
rates
Due
Due
31 December 2010 Due within between six months between
Non-
three three and and one one and Due after interest
months six months year five years five years bearing Total
Financial assets
Cash and balances at central
banks
Items in the course of
- - - - - 29,025 29,025
collection from other banks - - - - - 522 522
Derivatives - - - - - 7,922 7,922
Loans and advances to banks
Loans and advances to
4,692,672 102,500 95,000 - - - 4,890,172 0.36-0.59%
customers 2,589,617 648,229 - - - - 3,237,846 4.86-5.46%
Financial investments 1,342,656 232,379 277,092 1,136,509 31,093 35,780 3,055,509 1.98-2.17%
Total at 31 December 2010 8,624,945 983,108 372,092 1,136,509 31,093 73,249 11,220,996
Financial liabilities
Deposits by banks 34,519 - - - - - 34,519 0.21-0.53%
Customer accounts 9,125,179 323,575 207,967 49,955 338 - 9,707,014 0.52-0.73%
Items in course of
transmission to other banks - - - - - 10,642 10,642
Derivatives - - - - - 8,196 8,196
Total at 31 December 2010 9,159,698 323,575 207,967 49,955 338 18,838 9,760,371
Interest rate sensitivity gap (534,753) 659,533 164,125 1,086,554 30,755 54,411 1,460,625
Cumulative interest rate
sensitivity gap (534,753) 124,780 288,905 1,375,459 1,406,214
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