Macquarie Group Limited and its subsidiaries  2014 Annual Financial Report  macquarie.com.au  Notes to the financial statements  for the financial year ended 31 March 2014  continued  Note 11  Loan assets held at amortised cost  (1) Included within this balance are loans of $14,025 million (2013: $10,774 million) held by consolidated Special Purpose Entities (SPEs),  which are available as security to note holders and debt providers.  (2) Included within this balance are other loans of $3,508 million (2013: $2,251 million) pledged as security over issued notes and payables  to other external investors and financial institutions.  (3) Included within this balance are loans of $3,853 million (2013: $5,863 million) that are held by either a government-backed securitisation  vehicle or financial institutions, and which are pledged as security to note holders. Further, loans of $720 million (2013: $455 million) are  pledged under repurchase agreements. Of the above amounts, $15,292 million (2013: $15,450 million) is expected to be recovered within 12 months of the balance date by  the Consolidated Entity.  There are no loan assets held at amortised cost in the Company.  Consolidated 2014  Consolidated 2013  Gross  $m  Individually  assessed  provision for  impairment  $m  Net  $m  Gross  $m  Individually  assessed  provision for  impairment  $m  Net  $m  Residential mortgage loans  23,107  (13)  23,094  19,536  (23)  19,513  Corporate and commercial lending 16,785  (260)  16,525  14,164  (214)  13,950  Lease and retail financing  11,082  (72)  11,010  9,740  (85)  9,655  Margin money placed  5,342  –  5,342  5,220  –  5,220  Relationship banking mortgages  1,613  1,613  1,244  –  1,244  Investment and insurance premium lending  1,450  (14)  1,436  1,464  (13)  1,451  Total loan assets before collective  allowance for credit losses 59,379  (359)  59,020  51,368  (335)  51,033  Less collective allowance for credit losses (308)  (240)  Total loan assets held at amortised  cost (1),(2),(3) 58,712  50,793  128 