NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2023 237 OUR SUSTAINABILITY APPROACH HOW WE ARE GOVERNED FINANCIAL STATEMENTS SHAREHOLDERS’ INFORMATION ADDITIONAL INFORMATION 22. BALANCES DUE TO CLIENTS AND BROKERS Group Bank 2023 RM’000 2022 RM’000 2023 RM’000 2022 RM’000 Balances due to clients and brokers 775,015 732,709 344,719 262,976 Balances due to clients and brokers represent amounts payable in respect of outstanding contracts entered into on behalf of these clients where settlements have yet to be made. These balances are generally on 1 to 2 trading days (2022: 1 to 2 trading days) term. 23. DERIVATIVE FINANCIAL LIABILITIES Group and Bank 2023 RM’000 2022 RM’000 At fair value Dual currency investment - Options 5 10 Equity related contracts - Options 40,124 15,688 Equity related contract - Swaps 1,012 798 Equity related contract - Forward 3,956 - 45,097 16,496 Contract/notional amount Dual currency investment - Options 3,074 2,126 Equity related contracts - Options 498,986 159,722 Equity related contract - Swaps 33,374 11,438 Equity related contract - Forward 80,738 - 616,172 173,286 The contractual or underlying notional amounts of derivative financial liabilities held at fair value through profit or loss reflect the value of transactions outstanding as at reporting date, and do not represent amounts at risk.
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