KENANGA ANNUAL REPORT 2019

213 NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2019 22. BALANCES DUE TO CLIENTS AND BROKERS Group Bank 2019 RM’000 2018 RM’000 2019 RM’000 2018 RM’000 Balances due to clients and brokers 537,393 481,932 304,880 221,083 Balances due to clients and brokers represent amounts payable in respect of outstanding contracts entered into on behalf of these clients where settlements have yet to be made. These balances are generally on 1 to 2 trading days (2018: 1 to 3 trading days) term. 23. DERIVATIVE FINANCIAL LIABILITIES Group and Bank 2019 RM’000 2018 RM’000 At fair value Dual currency investment - Options 14 111 Equity related contracts - Options 13,402 12,559 Equity related contract - Swaps - 23 13,416 12,693 Contract/notional amount Dual currency investment - Options 4,509 13,636 Equity related contracts - Options 72,413 122,122 Equity related contract - Swaps - 5,900 76,922 141,658 The contractual or underlying notional amounts of derivative financial liabilities held at fair value through profit or loss reflect the value of transactions outstanding as at reporting date, and do not represent amounts at risk.