Exposure to Liquidity risk The table below analyses assets and liabilities into relevant maturity groupings based on the remaining period at 31 December 2010 to the contractual maturity date.
Matured Less than 3 months 1 to 5 years Above 5 years Total 3 months to 1 year Ushs Ushs Ushs Ushs Ushs Ushs ASSETS Cash and bank 4,012,524,181 - - - - 4,012,524,181 Short term deposits - - 15,108,783,111 - - 15,108,783,111 Loans and advances to customers - 15,270,635,613 15,685,891,243 - - 30,956,526,856 Loans and advances relating to managed funds - 452,755,187 465,066,996 - - 917,822,183 Related party receivables - - - - - Other assets - 635,497,109 - - - 635,497,109 Deferred tax asset - - 230,091,903 - - 230,091,903 Property and equipment - - - 1,169,755,263 - 1,169,755,263 4,012,524,181 16,358,887,909 31,489,833,252 1,169,755,263 - 53,031,000,606 Capital Fund and Liabilities Loan Security Fund - 1,740,534,156 4,488,986,527 - - 6,229,520,683 Related party payables - - - - 228,243,539 228,243,539 Borrowings - - 356,445,430 34,756,863,867 - 35,113,309,297 Other liabilities - 355,650,224 385,457,905 - - 741,108,129 Tax payable - - 1,751,684,472 - - 1,751,684,471 Capital fund - - - 8,132,134,486 835,000,000 8,967,134,486 - 2,096,184,380 7,672,516,190 42,888,995,353 1,063,243,539 53,031,000,606 Net (liabilities)/assets 4,012,524,181 14,262,703,530 23,817,317,062 (41,719,243,090) (1,063,243,539) -
e) Market risk Market risk is the risk that changes in market prices, such as interest rates and foreign exchange rates will affect the fair value or future cash flows of a financial instrument. Market risk arises from open positions in interest rates and foreign currencies, both which are exposed to general and specific market movements and changes in the level of volatility. The objective of market risk management is to manage and control market risk exposures within acceptable parameters, while o ptimizing the return on risk. Management of market risks Overall responsibility for managing market risk rests with the Country Program Coordinator. Management is responsible for the development of detailed risk management policies and for the day to day implementation of those policies.