macquarie.com.au  2014 Annual Financial Report  Macquarie Group Limited and its subsidiaries  Notes to the financial statements  for the financial year ended 31 March 2014  continued  Note 38.1  Maximum exposure to credit risk  Credit risk  continued  The table below details the concentration of credit exposure of the Consolidated Entity’s assets to significant geographical locations  and counterparty types. The amounts shown represent the maximum credit risk of the Consolidated Entity's assets before the  benefit of collateral and credit enhancements. Receivables  from financial  institutions  $m  Trading portfolio   assets $m Derivative  assets  $m  Debt  investment  securities  available for sale $m  Australia  Governments –  5,715  324  2,494  Financial institutions  5,445  88  872  6,072  Other  –  56  407  95  Total Australia  5,445  5,859  1,603  8,661  Asia Pacific  Governments  –  694  6  43  Financial institutions  2,111  466  312  522  Other  –  336  128  10  Total Asia Pacific  2,111  1,496  446  575  Europe, Middle East and Africa  Governments  –  52  53  53  Financial institutions  6,143  229  4,534  1,225  Other  –  47  2,302  412  Total Europe, Middle East and Africa  6,143  328  6,889  1,690  Americas  Governments  –  1,008  22  –  Financial institutions  5,758  714  2,135  716  Other  – 528  1,538  404  Total Americas  5,758  2,250  3,695  1,120  Total gross credit risk  19,457  9,933  12,633  12,046  176 