Bursa Malaysia • Annual Report 2013
165
Financial Reports
35. Financial risk management objectives and policies (cont’d.)
(d) Liquidity risk (cont’d.)
(i) Liabilities related risk (cont’d.)
The table below summarises the maturity profile of the Group and of the Company’s liabilities at the financial year end based on contractual
undiscounted repayment obligations.
Maturity
Total
On
demand
Less than three
months
Three to twelve
months
RM’000
RM’000
RM’000
RM’000
Group
At 31 December 2013
Current liabilities
Other payables which are financial liabilities
10,600
10,590
1,368
22,558
At 31 December 2012 (Restated)
Current liabilities
Other payables which are financial liabilities
10,893
9,843
2,545
23,281
Company
At 31 December 2013
Current liabilities
Other payables which are financial liabilities
3,044
2,991
1,368
7,403
At 31 December 2012 (Restated)
Current liabilities
Other payables which are financial liabilities
3,273
2,856
2,545
8,674
(ii) Clearing and settlement related risk
The clearing house subsidiaries of the Group acts as a counterparty to eligible trades concluded on the securities and derivatives markets
through the novation of obligations of the buyers and sellers. The Group mitigates this exposure by establishing financial criteria for admission as
participants, monitoring participants’ position limits and requiring that margins and collaterals on outstanding positions be placed with the clearing
houses. CGF and DCF, as disclosed in Note 25(e), were set up and banking facilities are also taken to further mitigate this risk.
Notes to the Financial Statements
31 December 2013
