NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2023 259 OUR SUSTAINABILITY APPROACH HOW WE ARE GOVERNED FINANCIAL STATEMENTS SHAREHOLDERS’ INFORMATION ADDITIONAL INFORMATION 43. COMMITMENTS AND CONTINGENCIES In the normal course of business, the Group and the Bank enter into various commitments and incur certain contingent liabilities with legal recourse to their customers. No material losses are anticipated as a result of these transactions. As at reporting date, the commitments and contingencies are as follows: Group Bank 2023 Principal amount RM’000 2022 Principal amount RM’000 2023 Principal amount RM’000 2022 Principal amount RM’000 Commitments to extend credit with maturity of less than 1 year: - share margin financing 2,882,629 2,749,435 2,882,629 2,749,435 - foreign exchange related contracts 55,232 43,452 55,232 43,452 Other commitments with an original maturity of less than 1 year: - corporate loans 65,392 55,561 116,392 130,561 Other commitments with an original maturity of more than 1 year: - corporate loans 54,541 25,000 89,541 40,000 - others 6,000 - 6,000 - Monies held in trust on behalf of client (Note 5) 980,227 1,069,081 980,227 1,069,081 Securities borrowing and lending 8,367 11,102 8,367 11,102 Derivative financial assets (Note 8): - dual currency investment - options 3,074 2,126 3,074 2,126 - equity related contracts - options 25,985 29,338 25,985 29,338 - equity related contracts - swap 19,439 64,187 19,439 64,187 - equity related contracts - forward 51,342 57,354 51,342 57,354 Derivative financial liabilities (Note 23): - dual currency investment - options 3,074 2,126 3,074 2,126 - equity related contracts - options 498,986 159,722 498,986 159,722 - equity related contracts - swaps 33,374 11,438 33,374 11,438 - equity related contracts - forward 80,738 - 80,738 - Capital commitment: - Authorised and contracted for 6,817 18,554 6,809 17,247 Investment in equity funds - - 44,991 24,991 4,775,217 4,298,476 4,906,200 4,412,160
RkJQdWJsaXNoZXIy NDgzMzc=