HSBC Results Presentation Deck
Footnotes
42.
For further details on our financed emissions scope, methodology and terminology see pages 47 - 50 of the HSBC
Holdings Annual Report and Accounts 2021
43.
Less than 1% of employees will not yet have completed due to new joiners to the bank being given 45 days to
complete their mandatory training
44. Source: Dealogic. Apportioned volume represents the portion of deal volume assigned to HSBC in deals where HSBC
is marked as a lender
45.
Client value is based on HSBC internal client management information and differs from reported revenue. Client value
is the revenue from banking clients in GBM and CMB and excludes Global Markets trading revenue, Principal
Investments, Business Banking and non-customer revenue, for example allocations from Corporate Centre. Analysis
considers all CMB Business Banking clients to be domestic clients
46. For GBM, a client is considered as international if they hold a relationship with HSBC in two or more markets, and
generate over $10k annually in client revenue across all products; for CMB, a client is considered as international if
they either hold a relationship with HSBC in two or more markets, or provide GTRF and FX product revenue greater
than or equal to $10k annually
47. Domestic client value is client revenue that is booked in the same market in which the primary client relationship is
managed. Cross-border client value is client revenue that is booked in a different market from where the primary
client relationship is managed
48. FY19 RWAs are as reported and includes accelerated saves of $9.6bn achieved in 4019
49. YTD. ROTE by Global Business excludes significant items. ROTE methodology annualises Profits Attributable to
Shareholders, including ECL, in order to provide a returns metric. ROTE by Global Business considers AT1 Coupons
on an accruals basis, vs. Reported ROTE where it is treated on a cash basis. Since 1 January 2021, the UK bank levy
has been included in the calculation of this measure, comparative data have not been re-presented
50. Asia market position: FX, GLCM, Securities Services (SSV) and Debt rankings are Asia ex Japan, source: Oliver
Wyman/Coalition report 1H21; Loans is Asia ex Japan and onshore mainland China, source: Dealogic 1H21; DCM is
Asia ex Japan, source: Dealogic 1H21; Global market position: FX, SSV, GLCM and GTRF, source: Oliver
Wyman/Coalition report 1H21
51. Source: McKinsey Panorama, release date 20 September 2021. Forecasts do not currently include impact of Covid-19
and oil price drop in Q1 2020
52. East defined as Asia & Middle East; West as Europe & Americas; Client value, as defined in footnote 45, excludes
Global Markets products here
53. Transaction banking (TXB) includes GLCM, GTRF & Securities Services to have like to like comparison as Global
Forex is not disclosed separately by peer banks; Peers include US banks
54. Revenue synergies include revenues generated from GBM products across the Group (WPB, CMB) and vice versa
55. From 1st July 2018, Argentina was deemed a hyperinflationary economy for accounting purposes
56. Data to reconcile components of reported RWAS to adjusted RWAS can be found in the 'HSBC Holdings plc 4Q 2021
Datapack'
Strategy
4021 results
Appendix
57. Source: Hong Kong Insurance Authority Quarterly Release of Provisional Statistics for Long Term Business up to
3Q21
58. Differences between shareholders' equity and tangible equity drivers primarily reflect goodwill and other intangible
impairment, PVIF movements and amortisation expense within 'Profit Attributable to Ordinary shareholders', FX on
goodwill and intangibles within 'FX', and intangible additions and other movements within 'Other'
59. Mainland China drawn risk exposure. Retail drawn exposures represent retail lending booked in mainland China;
Wholesale lending where the exposure is booked in mainland China or the ultimate parent/beneficial owner is in
mainland China
60. Mainland China reported Real Estate exposures comprises exposures booked in mainland China and offshore where
the ultimate parent is based in mainland China, and all exposures booked on mainland China balance sheets;
Commercial Real Estate refers to lending that focuses on commercial development and investment in real estate and
covers commercial, residential and industrial assets; Real Estate for Self Use refers to lending to a corporate or
financial entity for the purchase or financing of a property which supports overall operations of a business i.e. a
warehouse for an e-commerce firm
61. Loans and advances amounts represent gross carrying amount. Guarantees amounts represent nominal amount
62. Excludes Private Bank
63. Source: Bank of England
64. Includes offset mortgages in first direct, endowment mortgages and other products
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