9. Creditors and other liabilities

9.1. Interest payable

Include interest accrued for but not yet paid.

9.2. Unearned interest

Include interest received but not yet earned e.g. interest received in advance on fixed interest loan portfolio.

9.3. Unrealised losses on trading derivatives

Traded derivative financial instruments should be reported at their fair value in “Other Liabilities” when unfavourable to the reporting entity.

Fair values are obtained from quoted market prices, discount cash flow models and options pricing models.

9.4. Items in suspense

Report suspense or unreconciled/unidentified transactions/balances here that are in a liability position. A list of examples is not provided as these may vary between institutions. It is recommended that the institutions internal procedures be adopted regarding the recording and reporting of these types of balances.

9.5. Due to merchants

For SCCIs, report any amounts owed to merchants as a result of acquiring credit card transactions.

9.6. Other

Include other liabilities not separately identified above. E.g. unearned fees and commission received in advance but not recognised as earned for accounting purposes.

Exclude:

• Deposits, loans and other liabilities to related parties of the reporting entity, including liabilities to the parent entity, controlled entities, associated entities, joint venture entities and other branches under the same parent entity. These liabilities should be reported to the relevant item above.

9.7. Total creditors and other liabilities

Sum the reporting items listed under “Creditors and other liabilities”.