121
地產代理監管局
2014/15
年報
財務報表
Financial Statements
15
金融工具
（續）
市場風險
現金流量利率風險
監管局因計息金融資產利率
變動的影響而面對現金流量
利率風險。計息金融資產主
要為銀行結餘，全屬短期性
質。因此，未來任何利率變
動將不會對監管局之業績造
成重大影響。
信貸風險
信貸風險指交易對手未能履
行合約責任而引致監管局蒙
受財務損失之風險。監管局
會持續監控及審核因交易對
手而面對之信貸風險。
為了盡量減低信貸風險，監
管局於每個結算日就應收款
項之可收回金額進行檢討，
以確保對不可收回金額充分
計算減值損失。就此而言，
監管局認為其信貸風險已大
幅降低。
定期存款及流動資金之信貸
風險不大，原因是交易對手
為具良好聲譽之銀行。
流動資金風險
監管局管理層對流動資金風
險負有最終管理責任，彼等
已就監管局之短期、中期及
長期資金及流動資金管理規
定建立適當之流動資金風險
管理框架。監管局管理層透
過維持足夠儲備以及持續監
察預測及實際現金流量，以
管理流動資金風險。
15. FINANCIAL INSTRUMENTS
(Continued)
Market risk
Cash flow interest rate risk
The EAA is exposed to cash flow interest rate risk
through the impact of rate changes on interest
bearing financial assets. Interest bearing financial
assets are mainly balances with banks which are
all short term in nature. Therefore, any future
variation in interest rates will not have a significant
impact on the results of the EAA.
Credit risk
Credit risk refers to the risk that the counterparty
will default on its contractual obligations resulting
in financial loss to the EAA. The EAA’s exposure of
its counterparties are continuously monitored,
received and approved.
In order to minimise the credit risk, the EAA
reviews the recoverable amount of the receivables
at the end of each reporting period to ensure that
adequate impairment losses are made for
irrecoverable amounts. In this regard, the EAA
considers that the EAA’s credit risk is significantly
reduced.
The credit risk on time deposits and liquid funds is
limited because the counterparties are banks with
good reputation.
Liquidity risk
Ultimate responsibility for liquidity risk management
rests with the management of the EAA, which has
built an appropriate liquidity risk management
framework for the management of the EAA’s short,
medium and long-term funding and liquidity
management requirements. The management of
the EAA manages liquidity risk by maintaining
adequate reserves and continuously monitors the
forecast and actual cash flows.
