BIMB Integrated Annual Report 2019

55 COMMITMENTS AND CONTINGENCIES (CONTINUED) The off-balance sheet and counterparties credit risk for Bank Islam is as follows: (continued) Positive fair Value of Credit Risk 31 December 2018 Principal derivative equivalent weighted amount contracts amount asset Nature of item RM’000 RM’000 RM’000 RM’000 Credit related exposures Direct credit substitutes 487,980 – 487,980 488,189 Transaction related contingent items 1,015,198 – 507,599 471,867 Short term self-liquidating trade related contingencies 247,008 – 49,402 43,608 Other commitments, such as formal standby facilities and credit lines, with an original maturity of: – exceeding one year 1,627,618 – 813,809 630,266 Any commitments that are unconditionally cancelled at any time by the bank without prior notice or that effectively provide for automatic cancellation due to deterioration in a borrower’s creditworthiness 7,336,717 – – – 10,714,521 – 1,858,790 1,633,930 Derivative Financial Instruments Foreign exchange related contracts – less than one year 2,869,455 30,653 65,839 50,495 Profit rate related contracts – less than one year 400,000 1,708 810 162 – five years and above 178,379 1,787 10,264 6,419 3,447,834 34,148 76,913 57,076 Total 14,162,355 34,148 1,935,703 1,691,006 NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2019 (CONTINUED) 320 Integrated Annual Report 2019 Group Overview Sustaining The Group Management Discussion & Analysis Group Governance