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Net income/(expense) from financial instruments designated at fair value
 12 Months Ended
Dec. 31, 2017
Analysis of income and expense [abstract]  
Net income/(expense) from financial instruments designated at fair value
2
Net income/(expense) from financial instruments designated at fair value
 
 
2017

2016

2015

 
Footnote
$m

$m

$m

Net income/(expense) arising on:
 
 
 
 
Financial assets
 
 
 
 
Financial assets held to meet liabilities under insurance and investment contracts
 
3,211

1,480

531

Other financial assets designated at fair value
 
198

90

89

Derivatives managed with other financial assets designated at fair value
 
(9
)
(43
)
13

 
 
3,400

1,527

633

Financial liabilities
 


 
 
Liabilities to customers under investment contracts
 
(375
)
(218
)
34

HSBC’s long-term debt issued and related derivatives
 
672

(3,975
)
863

– changes in own credit spread on long-term debt
1
—

(1,792
)
1,002

– derivatives managed in conjunction with HSBC’s issued debt securities
 
(273
)
(1,367
)
(1,997
)
– other changes in fair value
 
945

(816
)
1,858

Other financial liabilities designated at fair value
 
1

(6
)
3

Derivatives managed with other financial liabilities designated at fair value
 
—

6

(1
)
 
 
298

(4,193
)
899

Year ended 31 Dec
 
3,698

(2,666
)
1,532

1
From 1 January 2017, HSBC Holdings plc adopted, in its consolidated financial statements, the requirements of IFRS 9 ‘Financial Instruments’ relating to the presentation of gains and losses on financial liabilities designated at fair value. As a result, changes in fair value attributable to changes in own credit risk are presented in other comprehensive income with the remaining effect presented in profit or loss.
HSBC Holdings
Net income/(expense) arising on HSBC Holdings’ long-term debt issued and related derivatives
 
 
2017

2016

2015

 
Footnote
$m

$m

$m

Net income/(expense) arising on:
 
 
 
 
Financial assets:
 
211

—

—

– other financial assets designated at fair value
 
161

—

—

– derivatives managed with other financial assets designated at fair value
 
50

—

—

Financial liabilities
 
103

(49
)
276

– changes in own credit spread on long-term debt
1
—

—

348

– derivatives managed in conjunction with HSBC Holdings issued debt securities
 
292

(642
)
(927
)
– other changes in fair value
 
(189
)
593

855

Year ended 31 Dec
 
314

(49
)
276

1
From 1 January 2016, HSBC Holdings plc adopted, in its separate financial statements, the requirements of IFRS 9 ‘Financial Instruments’ relating to the presentation of gains and losses on financial liabilities designated at fair value. As a result, changes in fair value attributable to changes in own credit risk are presented in other comprehensive income with the remaining effect presented in profit or loss.