TMBThanachart Bank Public Company Limited and its Subsidiaries (Formerly TMB Bank Public Company Limited and its Subsidiaries) Notes to the financial statements For the year ended 31 December 2021 109 29 Offsetting of financial assets and financial liabilities The Bank and its subsidiaries currently hold agreements including derivatives and sale -and- repurchase agreements which do not meet the criteria for offsetting in the Consolidated and Bank only's statement of financial position because such agreements are created in the way that the parties have to agree a right of set-off the agreed amounts that is enforceable only following an event of default, insolvency or bankruptcy of the Bank or the counterparties or following other predetermined events. For derivatives, the rights to call are agreed by both parties with specific call frequency and threshold. According to the agreements, the Bank and its subsidiaries receive and give collateral in form of cash and marketable securities. The details are as follow: Consolidated Gross Amount Amount offset in statements of financial position Amount presented in statements of financial position Amounts not offset in financial statements - Amount eligible for offsetting per contracts Net amount (in million Baht) At 31 December 2021 Financial assets Reverse sale-and- repurchase 65,853 - 65,853 (65,853) - Derivatives assets 4,243 - 4,243 (871) 3,372 Total 70,096 - 70,096 (66,724) 3,372 Financial liabilities Sale-and-repurchase 32,100 - 32,100 (32,100) - Derivatives liabilities 4,904 - 4,904 (1,849) 3,055 Total 37,004 - 37,004 (33,949) 3,055 Bank only Gross Amount Amount offset in statements of financial position Amount presented in statements of financial position Amounts not offset in financial statements - Amount eligible for offsetting per contracts Net amount (in million Baht) At 31 December 2021 Financial assets Reverse sale-and- repurchase 65,853 - 65,853 (65,853) - Derivatives assets 4,243 - 4,243 (871) 3,372 Total 70,096 - 70,096 (66,724) 3,372 Financial liabilities Sale-and-repurchase 32,100 - 32,100 (32,100) - Derivatives liabilities 4,904 - 4,904 (1,849) 3,055 Total 37,004 - 37,004 (33,949) 3,055 353 Form 56-1 One Report 2021
RkJQdWJsaXNoZXIy ODEyMzQ3