Bank Islam Integrated Annual Report 2020

39. FINANCIAL RISK MANAGEMENT (CONTINUED) (b) Credit risk (continued) Maximum exposure to credit risk The following table presents the Bank’s maximum exposure to credit risk of on-balance sheet and off-balance sheet financial instruments, without taking into account any collateral held or other credit enhancements. For on- balance sheet assets, the exposure to credit risk equals their carrying amount. For contingent liabilities, the maximum exposure to credit risk is the maximum amount that the Group and the Bank would have to pay if the obligations of the instruments issued are called upon. For credit commitments, the maximum exposure to credit risk is the full amount of the undrawn credit facilities granted to customers. Bank Note 2020 RM’000 2019 RM’000 Cash and short-term funds and deposits and placements with financial institutions 4,546,890 2,709,510 Financial assets at FVTPL* 942,710 423,938 Derivative financial assets (a) 61,665 33,326 Financial assets at FVOCI^ 12,494,040 12,099,681 Financing, advances and others (b) 54,670,635 49,472,522 Other financial assets at amortised cost @ 182,041 133,489 Sub-total 72,897,981 64,872,466 Credit related obligation: Financial guarantee contracts (c) 1,941,791 1,950,487 Financing commitments # (d) 9,615,227 9,061,076 Sub-total 11,557,018 11,011,563 Total credit exposures 84,454,999 75,884,029 * Excludes unit trust ^ Excludes equity instruments @ Excludes prepayment # Excludes derivative financial instruments There is no disclosure for the Group as the Group’s maximum exposure to credit risk of on-balance sheet and off- balance sheet financial instruments are not materially different from the Bank. BANK ISLAM MALAYS IA BERHAD INTEGRATED ANNUAL REPORT 2020 269