45. COMMITMENTS AND CONTINGENCIES Commitment and contingencies The off-Balance Sheet and counterparties credit risk for the Group and the Bank are as follows: 31 December 2024 Nature of item Principal Amount RM’000 Positive Fair Value of Derivative Contracts RM’000 Credit Equivalent Amount RM’000 Risk Weighted Asset RM’000 Credit related exposures Direct credit substitutes 509,804 509,804 466,581 Transaction related contingent items 1,379,020 689,510 707,441 Short-term self-liquidating trade related contingencies 195,611 39,122 22,195 Other commitments, such as formal standby facilities and credit lines, with an original maturity of: – not exceeding one year 74,080 14,816 14,816 – exceeding one year 1,457,382 728,691 585,566 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 11,636,561 – – 15,252,458 1,981,943 1,796,599 Derivative Financial Instruments Foreign exchange related contracts – less than one year 9,312,160 92,471 220,810 133,953 Total 24,564,618 92,471 2,202,753 1,930,552 Bank Islam Malaysia Berhad ◆ Integrated Annual Report 2024 420 Notes to the Financial Statements for the financial year ended 31 December 2024
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