258 NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2022 Additional Information We Are Kenanga Message From Our Leaders Our Sustainability Approach How We Are Governed Financial Statements Shareholders’ Information 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 commitments and contingencies are as follows: Group Bank 2022 Principal amount RM’000 2021 Principal amount RM’000 2022 Principal amount RM’000 2021 Principal amount RM’000 Commitments to extend credit with maturity of less than 1 year: - share margin financing 2,749,435 2,774,310 2,749,435 2,774,310 - foreign exchange related contracts 43,452 8,477 43,452 8,477 Other commitments with an original maturity of less than 1 year: - corporate loans 55,561 50,742 130,561 124,242 Other commitments with an original maturity of more than 1 year: - corporate loans 25,000 55,275 40,000 61,275 Monies held in trust on behalf of client (Note 5) 1,069,081 1,249,679 1,069,081 1,249,679 Securities borrowing and lending 11,102 27,637 11,102 27,637 Derivative financial assets (Note 8): - dual currency investment - options 2,126 1,361 2,126 1,361 - equity related contracts - options 29,338 29,492 29,338 29,492 - equity related contracts - swap 64,187 24,123 64,187 24,123 - equity related contracts - forward 57,354 57,354 57,354 57,354 Derivative financial liabilities (Note 23): - dual currency investment - options 2,126 1,361 2,126 1,361 - equity related contracts - options 159,722 180,364 159,722 180,364 - equity related contracts - swaps 11,438 55,251 11,438 55,251 Capital commitment: - Authorised and contracted for 18,554 18,859 17,247 17,399 Investment in equity funds - - 24,991 24,991 4,298,476 4,534,285 4,412,160 4,637,316
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