237 NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2022 KENANGA INVESTMENT BANK BERHAD Annual Report 2022 22. BALANCES DUE TO CLIENTS AND BROKERS Group Bank 2022 RM’000 2021 RM’000 2022 RM’000 2021 RM’000 Balances due to clients and brokers 732,709 665,968 262,976 265,296 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 (2021: 1 to 2 trading days) term. 23. DERIVATIVE FINANCIAL LIABILITIES Group and Bank 2022 RM’000 2021 RM’000 At fair value Dual currency investment - Options 10 3 Equity related contracts - Options 15,688 23,534 Equity related contract - Swaps 798 5,223 16,496 28,760 Contract/notional amount Dual currency investment - Options 2,126 1,361 Equity related contracts - Options 159,722 180,364 Equity related contract - Swaps 11,438 55,251 173,286 236,976 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.
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