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  Credit risk  continued  Credit quality of financial assets  Credit quality – Consolidated 2014  The table below shows the credit quality by class of financial asset (based upon ultimate risk counterparty) for credit exposures,  based on the Consolidated Entity’s credit rating system.  Neither past due nor impaired  Past due or  individually  impaired  $m  Total  $m  Investment  Grade  $m  Below  Investment  Grade  $m  Default  $m  Unrated  $m  Receivables from financial  institutions  17,478  1,963  16  –  –  19,457  Trading portfolio assets  9,933  Governments  7,417  52  –  –  –  7,469  Financial institutions  913  548  36  –  –  1,497  Other  441  389  137  967  Derivative assets  12,633  Governments  404  1  –  –  –  405  Financial institutions  7,579  274  –  –  –  7,853  Other  2,985  1,390  4,375  Debt investment securities  available for sale  12,046  Governments  2,590  –  –  –  –  2,590  Financial institutions  8,453  82  –  –  –  8,535  Other  136  784  1  921  Other financial assets  10,377  Governments  –  –  –  –  1  1  Financial institutions  –  –  –  –  37  37  Other  6,649  2,895  20  610  165  10,339  Loan assets held at amortised  cost  58,712  Governments  187  12  –  –  –  199  Financial institutions  5,093  3,406  256  –  –  8,755  Other  24,851  22,995  227  –  1,685  49,758  Other financial assets at fair  value through profit or loss  1,512  Governments  82  –  –  –  –  82  Financial institutions  508  17  525  Other  32  854  –  –  19  905  Total  85,798  35,662  692  610  1,908  124,670  Included in the past due category are balances in which an amount was overdue by one day or more.  184 