KENANGA ANNUAL REPORT 2019

234 NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2019 42. COMMITMENTS AND CONTINGENCIES In the normal course of business, the Group and the Bank enter into various commitments and incur certain contingent liabilities with legal recourse to their customers. No material losses are anticipated as a result of these transactions. As at reporting date, the commitment and contingencies are as follows: Group Bank 2019 Principal amount RM’000 2018 Principal amount RM’000 2019 Principal amount RM’000 2018 Principal amount RM’000 Commitments to extend credit with maturity of less than 1 year: - share margin financing 1,892,577 1,871,277 1,892,577 1,871,277 - foreign exchange related contracts 30,356 58,155 30,356 58,155 - equity exchange related contracts 108,435 105,036 108,435 105,036 Commitments to extend credit with maturity of more than 1 year: - equity exchange related contracts 520 2,113 520 2,113 Other commitments with an original maturity of less than 1 year: - corporate loans 23,742 25,551 66,742 102,551 Other commitments with an original maturity of more than 1 year: - corporate loans 76,458 97,854 101,458 127,854 Monies held in trust for client (Note 5) 623,581 689,222 623,581 689,222 Securities borrowing and lending 2,705 - 2,705 - Derivative financial assets (Note 8): - dual currency investment - options 4,509 13,636 4,509 13,636 - equity related contracts - options 66,528 100,319 66,528 100,319 - equity related contracts - swap 52,340 14,771 52,340 14,771 - synthetic protected forward 77,667 - 77,667 - Derivative financial liabilities (Note 23): - dual currency investment - options 4,509 13,636 4,509 13,636 - equity related contracts - options 72,413 122,122 72,413 122,122 - equity related contracts - swaps - 5,900 - 5,900 Capital commitment: - Authorised and contracted for 5,344 1,112 5,147 1,095 Investment in equity funds - - 17,854 17,854 3,041,684 3,120,704 3,127,341 3,245,541