Notes to the Consolidated Financial Statements
(Thousands of US dollars)
40
Dar Al-Maal Al-Islami Trust
Annual Report 2013
4. Financial instruments
(continued)
Assets held for managing
liquidity risk
The Group holds a diversified portfolio
of cash and high-quality high-
liquid securities to support payment
obligations and contingent funding in
a stressed market environment. The
Group’s assets held for managing
liquidity risk comprise:
•
Cash and balances with
central banks;
•
Certificates of deposit;
•
Government bonds and other
securities that are readily
acceptable in repurchase
agreements with central
banks; and
•
Secondary sources of
liquidity in the form of highly
liquid instruments in the
Group’s trading portfolios
and investment securities
available-for-sale.
The table below presents the cash flows payable by the Group under off-balance
sheet liabilities.
No later than
One-five
Over five
Total
one year
years
years
As at 31 December 2013
Acceptances and endorsements 125,327
-
-
125,327
Guarantees and irrevocable
letters of credit
375,843
40,008 168,394 584,245
Performance bid bonds
24,074
1,618
541
26,233
Other contingent liabilities
-
412,030
18,098 430,128
Undrawn facilities and other
commitments to finance
905,931
2,723
17,168 925,822
Operating lease commitments
-
187
-
187
Open foreign currency positions 927,742
-
-
927,742
Repurchased and resale
transactions
-
224,634
-
224,634
Total off-balance sheet liabilities 2,358,917 681,200 204,201 3,244,318
As at 31 December 2012
Acceptances and endorsements 119,952
-
-
119,952
Guarantees and irrevocable
letters of credit
347,094 260,246
268 607,608
Performance bid bonds
30,700
2,310
-
33,010
Other contingent liabilities
1,021 374,204
14,546 389,771
Undrawn facilities and other
commitments to finance
738,115
-
17,168 755,283
Operating lease commitments
-
-
225
225
Open foreign currency positions 734,286
-
-
734,286
Repurchased and resale
transactions
171,506
-
-
171,506
Total off-balance sheet liabilities 2,142,674 636,760
32,207 2,811,641
