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FINANCIAL RISK MANAGEMENT (Details) - Schedule of Maximum Credit Exposure - GBP (£)
£ in Millions
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Loans and receivables:      
Loans and advances to banks, net £ 6,611 £ 26,902 £ 25,117
Loans and advances to customers, net 472,498 457,958  
Debt securities, net 3,643 3,397  
482,752 488,257  
Trading and other financial assets at fair value through profit or loss:3,4      
Derivative assets 25,834 36,138  
Assets arising from reinsurance contracts held 602 714  
Off-balance sheet items:      
Acceptances and endorsements 71 21  
Other items serving as direct credit substitutes 740 779  
Performance bonds and other transaction-related contingencies 2,300 2,237  
Maximum Exposure [Member]      
Loans and receivables:      
Loans and advances to banks, net [1] 6,611 26,902  
Loans and advances to customers, net [1] 472,498 457,958  
Debt securities, net [1] 3,643 3,397  
482,752 488,257  
Available-for-sale financial assets [2] 40,901 55,311  
Trading and other financial assets at fair value through profit or loss:3,4      
Loans and advances [2],[3] 31,590 33,079  
Debt securities, treasury and other bills [2],[3] 45,198 50,398  
76,788 83,477  
Derivative assets 25,834 36,138  
Assets arising from reinsurance contracts held 602 714  
Financial guarantees 5,820 6,883  
Off-balance sheet items:      
Acceptances and endorsements 71 21  
Other items serving as direct credit substitutes 740 779  
Performance bonds and other transaction-related contingencies 2,300 2,237  
Irrevocable commitments 60,126 63,203  
63,237 66,240  
695,934 737,020  
Offset [Member]      
Loans and receivables:      
Loans and advances to banks, net [1],[4]  
Loans and advances to customers, net [1],[4] (7,030) (6,331)  
Debt securities, net [1],[4]  
[4] (7,030) (6,331)  
Available-for-sale financial assets [2],[4]  
Trading and other financial assets at fair value through profit or loss:3,4      
Loans and advances [2],[3],[4]  
Debt securities, treasury and other bills [2],[3],[4]  
[4]  
Derivative assets [4] (13,049) (18,539)  
Assets arising from reinsurance contracts held [4]  
Financial guarantees [4]  
Off-balance sheet items:      
Acceptances and endorsements [4]  
Other items serving as direct credit substitutes [4]  
Performance bonds and other transaction-related contingencies [4]  
Irrevocable commitments [4]  
[4]  
[4] (20,079) (24,870)  
Net Exposure [Member]      
Loans and receivables:      
Loans and advances to banks, net [1] 6,611 26,902  
Loans and advances to customers, net [1] 465,468 451,627  
Debt securities, net [1] 3,643 3,397  
475,722 481,926  
Available-for-sale financial assets [2] 40,901 55,311  
Trading and other financial assets at fair value through profit or loss:3,4      
Loans and advances [2],[3] 31,590 33,079  
Debt securities, treasury and other bills [2],[3] 45,198 50,398  
76,788 83,477  
Derivative assets 12,785 17,599  
Assets arising from reinsurance contracts held 602 714  
Financial guarantees 5,820 6,883  
Off-balance sheet items:      
Acceptances and endorsements 71 21  
Other items serving as direct credit substitutes 740 779  
Performance bonds and other transaction-related contingencies 2,300 2,237  
Irrevocable commitments 60,126 63,203  
63,237 66,240  
£ 675,855 £ 712,150  
[1] Amounts shown net of related impairment allowances.
[2] Excluding equity shares.
[3] Includes assets within the Group's unit-linked funds for which credit risk is borne by the policyholders and assets within the Group's With-Profits funds for which credit risk is largely borne by the policyholders. Consequently, the Group has no significant exposure to credit risk for such assets which back related contract liabilities.
[4] Offset items comprise deposit amounts available for offset, and amounts available for offset under master netting arrangements, that do not meet the criteria under IAS 32 to enable loans and advances and derivative assets respectively to be presented net of these balances in the financial statements.