DMIT_Annual_Report_2018_EN

N OTES TO THE C ONSOLIDATED F INANCIAL S TATEMENTS (Thousands of US dollars) Dar Al-Maal Al-Islami Trust 52 4. Financial instruments (continued) The table below presents the expected cash outflow by the Group under off-balance sheet liabilities. At 31 December 2018 No later than one year One-five years Over five years Total Acceptances and endorsements 68,491 9,590 - 78,081 Guarantees and irrevocable letters of credit 654,489 78,292 7,677 740,458 Performance bid bonds 46,418 4,142 - 50,560 Other contingent liabilities - 243,841 13,201 257,042 Undrawn facilities and other commitments to finance 978,442 - 4,054 982,496 Open foreign currency positions 586,522 - 64,139 650,661 Repurchased and resale transactions 444,086 - - 444,086 Total off-balance sheet liabilities 2,778,448 335,865 89,071 3,203,383 At 31 December 2017 Acceptances and endorsements 62,824 - - 62,824 Guarantees and irrevocable letters of credit 602,494 218,067 146 820,707 Performance bid bonds 53,660 940 - 54,600 Other contingent liabilities 2,182 309,222 15,774 327,178 Undrawn facilities and other commitments to finance 1,115,215 - 17,168 1,132,383 Open foreign currency positions 422,253 24,520 15,811 462,584 Repurchased and resale transactions 297,331 - - 297,331 Total off-balance sheet liabilities 2,555,963 552,765 48,899 3,157,627 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 carried at fair value through other comprehensive income.