Page 115 - ACCESS ANNUAL REPORT 2019

NOTES (continued)
A a o nts are in tho sands o hana edis n ess otherwise stated Financia ris anage ent contin ed
redit ris anage ent contin ed
o atera he d and their financia effect
he Group holds collateral a ainst loans and advances to customers in the orm o mort a e interests over property, other re istered securities over assets, and uarantees. Estimates o orce sale value are ased on the value o collateral assessed at the time o orrowin , and enerally are not updated except when a loan is individually assessed as impaired. Collateral enerally is not held over loans and advances to an s, except when securities are held as part o reverse repurchase and securities orrowin activity.
he financial effect o collateral held y the Ban as at 31 Decem er 2019 was a reduction in impairment char e o G 30 , 3 , 201 G 222,3 5,9 2 . An estimate made o the orced sale value o collateral at the time o orrowin and other security enhancements held a ainst loans and advances to customers and an s is shown elow
he ro p and the Ban 2019 2018
gainst individua y impaired Property
thers
, ,
112,812 23,812
gainst co ective y impaired Property
ash
ecurities
thers
, , - ,
881,253 117,865 1,311,213
ota
, ,
2,446,955
o financial or non financial assets were o tained y the Group durin the year y ta in possession o collateral held as security a ainst loans and advances as well as calls made on credit enhancements and held at the year ended 31 Decem er 2019. he Group’s policy is to pursue timely realisation o the collateral in an orderly manner. he Group enerally does not use the non cash collateral or its own operations.
Financia effect o co atera he d and other credit enhance ents
he eneral creditworthiness o a customer tends to e the most relevant indicator o credit uality o a loan extended to it. owever, collateral provides an additional security and the Group enerally re uests that corporate orrowers provide it. he Group may ta e collateral in the orm o a first char e over real estate, oatin char es over all corporate assets and other liens and uarantees.
he Group does not sell or re pled e the collateral in the a sence o a de ault y the owner o the collateral. In addition to the Group’s ocus on credit worthiness, the Group ali ns with its credit policy to periodically update the validation o collaterals held a ainst loans to customers. or impaired loans, the Group o tains appraisals o collaterals ecause the air value o the collaterals is an input to the impairment measurement.
114