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Offsetting of financial assets and financial liabilities (Tables)
 12 Months Ended
Dec. 31, 2017
Financial Instruments [Abstract]  
Disclosure of offsetting of financial assets and financial liabilities
Offsetting of financial assets and financial liabilities
 
 
 
 
 
 


Amounts subject to enforceable netting arrangements
Amounts not
subject to
enforceable
netting
arrangements5

Total









Amounts not set off in the
balance sheet




Gross
amounts

Amounts
offset

Net amounts
in the balance sheet

Financial
instruments

Non-cash
collateral

Cash
collateral

Net
amount


Footnotes
$m

$m

$m

$m

$m

$m

$m

$m

$m

Financial assets



















Derivatives (Note 14)
1
322,422

(110,425
)
211,997

(156,088
)
(11,092
)
(37,302
)
7,515

7,821

219,818

Reverse repos, stock borrowing and similar agreements classified as:
2


















– trading assets

15,893

—

15,893

(430
)
(15,462
)
—

1

1,227

17,120

– non-trading assets

265,666

(105,776
)
159,890

(3,714
)
(155,973
)
(49
)
154

41,663

201,553

Loans and advances to customers
3
42,091

(10,424
)
31,667

(26,390
)
—

(181
)
5,096

619

32,286

At 31 Dec 2017

646,072

(226,625
)
419,447

(186,622
)
(182,527
)
(37,532
)
12,766

51,330

470,777





















Derivatives (Note 14)
1
387,999

(106,555
)
281,444

(210,067
)
(11,647
)
(40,188
)
19,542

9,428

290,872

Reverse repos, stock borrowing and similar agreements classified as:
2


















– trading assets

9,859

—

9,859

(475
)
(9,383
)
—

1

348

10,207

– non-trading assets

222,485

(87,929
)
134,556

(4,779
)
(129,373
)
(215
)
189

26,418

160,974

Loans and advances to customers
3
46,296

(14,602
)
31,694

(24,459
)
—

(248
)
6,987

743

32,437

At 31 Dec 2016

666,639

(209,086
)
457,553

(239,780
)
(150,403
)
(40,651
)
26,719

36,937

494,490





















Financial liabilities



















Derivatives (Note 14)
1
321,932

(110,425
)
211,507

(156,072
)
(14,342
)
(28,666
)
12,427

5,314

216,821

Repos, stock lending and similar agreements classified as:
2


















– trading liabilities

10,555

—

10,555

(430
)
(9,615
)
—

510

63

10,618

– non-trading liabilities

187,268

(105,776
)
81,492

(7,165
)
(74,048
)
(240
)
39

48,510

130,002

Customer accounts
4
42,533

(10,424
)
32,109

(26,390
)
—

(188
)
5,531

158

32,267

At 31 Dec 2017

562,288

(226,625
)
335,663

(190,057
)
(98,005
)
(29,094
)
18,507

54,045

389,708












Derivatives (Note 14)
1
378,571

(106,555
)
272,016

(210,035
)
(15,512
)
(33,754
)
12,715

7,803

279,819

Repos, stock lending and similar agreements classified as:
2









– trading liabilities

5,034

—

5,034

(475
)
(4,515
)
—

44

37

5,071

– non-trading liabilities

148,443

(87,929
)
60,514

(6,202
)
(54,126
)
(146
)
40

28,444

88,958

Customer accounts
4
45,422

(14,602
)
30,820

(24,459
)
—

(248
)
6,113

228

31,048

At 31 Dec 2016

577,470

(209,086
)
368,384

(241,171
)
(74,153
)
(34,148
)
18,912

36,512

404,896

1
At 31 December 2017, the amount of cash margin received that had been offset against the gross derivatives assets was $6,324m (2016: $3,720m). The amount of cash margin paid that had been offset against the gross derivatives liabilities was $5,196m (2016: $5,862m).
2
For the amount of repos, reverse repos, stock lending, stock borrowing and similar agreements recognised on the balance sheet within ‘Trading assets’ $17,120m (2016: $10,207m) and ‘Trading liabilities’ $10,618m (2016: $5,071m), see the ‘Funding sources and uses’ table on page 147.
3
At 31 December 2017, the total amount of ‘Loans and advances to customers’ was $962,964m (2016: $861,504m) of which $31,667m (2016: $31,694m) was subject to offsetting.
4
At 31 December 2017, the total amount of ‘Customer accounts’ was $1,364,462m (2016: $1,272,386m) of which $32,109m (2016: $30,820m) was subject to offsetting.
5
These exposures continue to be secured by financial collateral, but we may not have sought or been able to obtain a legal opinion evidencing enforceability of the right of offset.