44. COMMITMENTS AND CONTINGENCIES (CONTINUED) (a) Commitment and contingencies (continued) The off-Balance Sheet and counterparties credit risk for the Group and the Bank are as follows: 31 December 2022 Nature of item Principal Amount RM’000 Credit Equivalent Amount RM’000 Risk Weighted Asset RM’000 Credit related exposures Direct credit substitutes 533,884 533,884 578,339 Transaction related contingent items 985,002 492,501 483,516 Short-term self-liquidating trade related contingencies 407,370 81,474 80,143 Other commitments, such as formal standby facilities and credit lines, with an original maturity of: – exceeding one year 1,392,315 696,158 575,432 Any commitments that are unconditionally cancelled at any time by the Bank without prior notice or that effectively provide for automatic cancellation due to deterioration in a borrower’s creditworthiness 7,809,279 – – 11,127,850 1,804,017 1,717,430 Derivative Financial Instruments Foreign exchange related contracts – less than one year 7,713,420 122,827 212,579 78,664 Profit rate related contracts – less than one year 42,286 173 501 325 7,755,706 123,000 213,080 78,989 Total 18,883,556 123,000 2,017,097 1,796,419 398 Notes to the Financial Statements for the financial year ended 31 December 2023 Bank Islam Malaysia Berhad ◆ Integrated Annual Report 2023
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