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Derivatives (Tables)
 6 Months Ended
Jun. 30, 2019
Financial Instruments [Abstract]  
Disclosure of detailed information about hedging instruments
Notional contract amounts and fair values of derivatives by product contract type held by HSBC
 
Notional contract amount
Fair value amount
 
Assets and liabilities
Assets
Liabilities
 
Trading

Hedging

Trading

Hedging

Total

Trading

Hedging

Total

 
$m

$m

$m

$m

$m

$m

$m

$m

Foreign exchange
8,167,223

30,119

73,788

437

74,225

73,226

663

73,889

Interest rate
28,855,791

182,018

237,022

1,301

238,323

230,001

3,093

233,094

Equities
1,268,944

—

8,356

—

8,356

8,837

—

8,837

Credit
410,473

—

4,956

—

4,956

5,880

—

5,880

Commodity and other
95,725

—

1,779

—

1,779

2,221

—

2,221

Gross total fair values
38,798,156

212,137

325,901

1,738

327,639

320,165

3,756

323,921

Offset








(94,018
)




(94,018
)
At 30 Jun 2019
38,798,156

212,137

325,901

1,738

233,621

320,165

3,756

229,903

 
 
 
 
 
 
 
 
 
Foreign exchange
7,552,462

29,969

85,959

458

86,417

82,494

653

83,147

Interest rate
24,589,916

163,271

155,293

1,080

156,373

154,257

2,261

156,518

Equities
1,256,550

—

10,198

—

10,198

10,750

—

10,750

Credit
346,596

—

3,414

—

3,414

3,776

—

3,776

Commodity and other
74,159

—

1,134

—

1,134

1,355

—

1,355

Gross total fair values
33,819,683

193,240

255,998

1,538

257,536

252,632

2,914

255,546

Offset








(49,711
)




(49,711
)
At 31 Dec 2018
33,819,683

193,240

255,998

1,538

207,825

252,632

2,914

205,835

Notional contract amounts of derivatives held for hedging purposes by product type
 
At 30 Jun 2019
At 31 Dec 2018
 
Cash flow
hedges

Fair value
hedges

Cash flow
hedges

Fair value
hedges

 
$m

$m

$m

$m

Foreign exchange
22,604

15

24,954

15

Interest rate
44,222

137,796

39,720

123,551

Total
66,826

137,811

64,674

123,566
Disclosure of detailed information about financial instruments
Summary of financial instruments to which the impairment requirements in IFRS 9 are applied
 
 
At 30 Jun 2019
 At 31 Dec 2018
 
 
Gross carrying/nominal amount

Allowance for ECL1

Gross carrying/nominal amount

Allowance for ECL1

 
Footnotes
$m

$m

$m

$m

Loans and advances to customers at amortised cost
 
1,030,152

(8,520
)
990,321

(8,625
)
– personal
 
414,351

(2,972
)
394,337

(2,947
)
– corporate and commercial
 
546,427

(5,381
)
534,577

(5,552
)
– non-bank financial institutions
 
69,374

(167
)
61,407

(126
)
Loans and advances to banks at amortised cost
 
82,413

(16
)
72,180

(13
)
Other financial assets measured at amortised cost
 
653,554

(85
)
582,917

(55
)
– cash and balances at central banks
 
171,091

(1
)
162,845

(2
)
– items in the course of collection from other banks
 
8,673

—

5,787

—

– Hong Kong Government certificates of indebtedness
 
36,492

—

35,859

—

– reverse repurchase agreements – non-trading
 
233,079

—

242,804

—

– financial investments
 
81,234

(20
)
62,684

(18
)
– prepayments, accrued income and other assets

2
122,985

(64
)
72,938

(35
)
Total gross carrying amount on-balance sheet
 
1,766,119

(8,621
)
1,645,418

(8,693
)
Loans and other credit related commitments
 
629,891

(301
)
592,008

(325
)
– personal
 
217,047

(16
)
207,351

(13
)
– corporate and commercial
 
268,057

(277
)
271,022

(305
)
– financial
 
144,787

(8
)
113,635

(7
)
Financial guarantees
 
21,290

(55
)
23,518

(93
)
– personal
 
906

(1
)
927

(1
)
– corporate and commercial
 
15,496

(51
)
17,355

(85
)
– financial
 
4,888

(3
)
5,236

(7
)
Total nominal amount off-balance sheet
3
651,181

(356
)
615,526

(418
)
 
 
2,417,300

(8,977
)
2,260.944

(9,111
)
 
 
 
 
 
 
 
 
Fair value

Memorandum allowance for ECL4

Fair value

Memorandum allowance for
ECL4

 
 
$m

$m

$m

$m

Debt instruments measured at fair value through other comprehensive income

 
345,035

(74
)
343,110

(84
)

For footnotes, see page 79.
The following table shows the difference between the fair value at initial recognition, which is the transaction price, and the value that would have been derived had valuation techniques used for subsequent measurement been applied at initial recognition, less subsequent releases.
Unamortised balance of derivatives valued using models with significant unobservable inputs
 
 
Half-year to
 
 
30 Jun

30 Jun

31 Dec



2019

2018

2018


Footnotes
$m

$m

$m

Unamortised balance at beginning of period

86

106

80

Deferral on new transactions

90

86

75

Recognised in the income statement during the period

(78
)
(90
)
(68
)
– amortisation

(36
)
(52
)
(44
)
– subsequent to unobservable inputs becoming observable

(6
)
(1
)
(1
)
– maturity, termination or offsetting derivative

(36
)
(37
)
(23
)
Exchange differences

—

(2
)
(2
)
Other

1

(20
)
1

Unamortised balance at end of period
1
99

80

86

1
This amount is yet to be recognised in the consolidated income statement.