Kenanga Investment Bank Berhad Annual Report 2021 240 Our Sustainability Approach About This Report We Are Kenanga Message From Chairman and GMD 22. BALANCES DUE TO CLIENTS AND BROKERS Group Bank 2021 RM’000 2020 RM’000 2021 RM’000 2020 RM’000 Balances due to clients and brokers 665,968 720,665 265,296 405,191 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 (2020: 1 to 2 trading days) term. 23. DERIVATIVE FINANCIAL LIABILITIES Group and Bank 2021 RM’000 2020 RM’000 At fair value Dual currency investment - Options 3 6 Equity related contracts - Options 23,534 135,291 Equity related contract - Swaps 5,223 2,095 Equity related contract - Forward - 88 28,760 137,480 Contract/notional amount Dual currency investment - Options 1,361 3,655 Equity related contracts - Options 180,364 451,950 Equity related contract - Swaps 55,251 19,467 Equity related contract - Forward - 3,200 236,976 478,272 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. Notes to the Financial Statements 31 December 2021
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