CITIC Limited Half-Year Report 2020

92 CITIC Limited Half-Year Report 2020 For the six months ended 30 June 2020 Notes to the Consolidated Financial Statements 28 Contingent liabilities and commitments (continued) (a) Credit commitments (continued) The contractual amounts of credit commitments by category as at the balance sheet date are set out below. The amounts disclosed in respect of loan commitments and credit card commitments assume that amounts are fully drawn down. The amounts of guarantees, letters of credit and acceptances represent the maximum potential loss that would be recognised as at the balance sheet date if counterparties failed to perform as contracted. 30 June 2020 31 December 2019 HK$ million HK$ million Contractual amount Loan commitments With an original maturity of within 1 year 14,337 7,471 With an original maturity of 1 year or above 32,351 50,397 46,688 57,868 Credit card commitments 626,570 608,970 Acceptances 509,444 475,619 Guarantees 139,949 165,729 Letters of credit 129,034 116,102 1,451,685 1,424,288 (b) Credit commitments analysed by credit risk weighted amount 30 June 2020 31 December 2019 HK$ million HK$ million Credit risk weighted amount on credit commitments 438,742 444,994 Notes: (i) The above credit risk weighted amount is solely in connection with the credit commitments held by CITIC Bank under the financial services segment of the Group. (ii) The credit risk weighted amount refers to the amount as computed in accordance with the rules set out by the China Banking and Insurance Regulatory Commission and depends on the status of counterparties and the maturity characteristics. The risk weighting used is ranging from 0% to 150%.