Note 41  Transfers of financial assets  Transferred financial assets that are derecognised  Transferred financial assets that are not  derecognised  Asset swaps  Written put options  Repurchase and securities lending agreements  The Consolidated Entity may enter into transactions in the  normal course of business that transfer financial assets to  other entities. When the financial assets are derecognised,  some continuing involvement may be retained in the assets  through liquidity support, financial guarantees, certain  derivatives or certain securitisation interests. There were no  material transfers of financial assets where the Consolidated  Entity or Company retained continuing involvement.  When financial assets are transferred but not derecognised,  this is due to retaining exposure to substantially all the risks  and rewards of ownership of the transferred assets through  repurchase and securities lending agreements or asset  swaps. associated liability is recognised for the consideration  received. In certain arrangements, the securities transferred  cannot otherwise be pledged or sold, however the assets  may be substituted if the required collateral is maintained.  Financial assets sold, while concurrently entering into an  asset swap with the counterparty, continue to be recognised  along with an associated liability for the consideration  received. The Consolidated Entity does not have legal rights  to these assets but has full economic exposure to them. The  transferred assets cannot otherwise be pledged or sold.  When financial assets are transferred but continue to be  recognised to the extent of continuing involvement, this is  due to some but not substantially all of the risks and rewards  of ownership being transferred, and control of the asset  being retained. Examples of such transactions include  transfers involving written put options or other instruments  linked to the performance of the asset and are not priced at  fair value. Securities sold under agreement to repurchase and  securities subject to lending agreements continue to be  recognised on the statement of financial position and an  207 