REPUBLIC BANK LIMITED
98
Notes to theConsolidatedFinancial Statements
For the year ended September 30, 2014. Expressed in thousands of Trinidad and Tobago dollars ($’000), except where otherwise stated
21 Risk management
(continued)
21.3 Liquidity risk
(continued)
21.3.1 Analysis of financial liabilities by remaining contractual maturities
(continued)
Financial liabilities - on statement of financial position
(continued)
On demand
Up to
1 to 5
Over 5
Total
one year
years
years
2013
Customers’current, savings
and deposit accounts
34,380,625
7,781,925
34,206
–
42,196,756
Other fund raising
instruments
3,465
3,076,672
192,467
236,299
3,508,903
Debt securities in issue
–
261,817
1,189,664
216,783
1,668,264
Due to banks
25,988
47,361
–
–
73,349
Other liabilities
419,217
35,204
4,058
13,391
471,870
Total un-discounted
financial liabilities
34,829,295
11,202,979
1,420,395
466,473
47,919,142
Financial liabilities - off statement of financial position
On demand
Up to
1 to 5
Over 5
Total
one year
years
years
2014
Acceptances
283,600
241,865
215,951
671
742,087
Guarantees and indemnities
121
52,295
17,204
37,279
106,899
Letters of credit
54,433
63,284
–
–
117,717
Total
338,154
357,444
233,155
37,950
966,703
2013
Acceptances
228,434
291,558
173,097
32,561
725,650
Guarantees and indemnities
14,817
87,617
2,947
–
105,381
Letters of credit
65,707
45,196
–
–
110,903
Total
308,958
424,371
176,044
32,561
941,934
The Group expects that not all of the contingent liabilities or commitments will be drawn before expiry of the commitments.
21.4 Market risk
Market risk is the risk that the fair value or future cash flows of financial instruments will fluctuate due to changes in market variables such
as interest rates, foreign exchange rates and equity prices.
