HKSI Institute AR2020

107 香港證券及投資學會 二零二零年年報 18 金融風險管理和公允價值 本集團和本會須在正常業務過程中承受 信貸、流動資金、利率和貨幣風險。本 集團和本會對這些風險的承擔額以及為 管理這些風險所採用的金融風險管理政 策和慣常做法載列於下文。 (a) 信貸風險 本集團和本會不持有現金和現金等 價物、銀行定期存款之外的任何重 大金融資產。本集團和本會持有的 現金和現金等價物、定期存款均存 於值得信賴的金融機構。 本集團和本會承受的信貸風險上限 為財務狀況表項內各金融資產的賬 面金額。 (b) 流動資金風險 本集團的政策是定期監察流動資金 需求，以及是否符合借款契諾的規 定，以確保維持充裕的現金儲備和 可供隨時變現的有價證券，同時獲 得大型金融機構和╱或附屬公司承 諾提供足夠的備用資金，以滿足短 期和較長期的流動資金需求。 18 Financial risk management and fair values Exposure to credit, liquidity, interest rate and foreign currency risks arises in the normal course of the Group’s and the Institute’s business. The Group’s and the Institute’s exposure to these risks and the financial risk management policies and practices used by the Group and the Institute to manage these risks are described below. (a) Credit risk The Group and the Institute do not hold any significant financial assets other than cash and cash equivalents and time deposits with banks. Cash and cash equivalents and time deposits held by the Group and the Institute are deposited with reputable financial institutions. The maximum exposure to credit risk is represented by the carrying amount of each financial asset in the statement of financial position. (b) Liquidity risk The Group’s policy is to regularly monitor its liquidity requirements and its compliance with lending covenants, to ensure that it maintains sufficient reserves of cash and readily realisable marketable securities and adequate committed lines of funding from major financial institutions and/or from the subsidiaries to meet its liquidity requirements in the short and longer term.