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Notes to the consolidated fnancial statements (continued)

for the year ended 30 June 2011

34. Group risk management (continued)

34.4 Banking risk management for fnancial instruments (continued)

34.4.2 Liquidity risk (continued)

(a) Concentrations of deposits and borrowings

Details of the concentration of fnancial liabilities used by Banking to raise funds are as follows:

BANKING

2011 2010 $m $m

Australian funding sources

Retail deposits 27,698 26,375 Wholesale funding 8,341 7,485 AUD domestic program 4,988 5,725 Securitisation 3,014 3,981 44,041 43,566

Overseas wholesale funding sources

Foreign exchange retail deposits 198 182 European commercial paper and medium-term note market 7,049 6,916 Subordinated note programme 676 800 United States 144a medium-term note market 2,124 5,953 Japanese yen bond program – 172 Securitisation 620 924 10,667 14,947 54,708 58,513

Comprised of the following:

Deposits from other banks 301 280 Other money market deposits 3,752 3,385 Amounts owed to other depositors 24,293 23,239 Certifcates of deposit 6,995 6,175 Promissory notes and other liabilities evidenced by paper 3,840 1,029 Bonds, notes and long-term borrowings 10,151 17,044 Other borrowed funds 5,376 7,361 54,708 58,513

(b) Maturity analysis

The following table summarises the maturity profle of Banking’s fnancial liabilities based on the remaining undiscounted contractual obligations.

The cash fows for subordinated notes have been included at their next call date. The total cash fows include both principal and associated future interest payments. Interest is calculated based on liabilities held at balance date, without taking account of future issuance. Floating rate interest is estimated using estimated forward rates at the balance date.

Derivatives (other than those designated in a hedging relationship) and trading portfolio liabilities are included in the less than three months column at their fair value. Liquidity risk on these items is not managed on the basis of contractual maturity, since they are not held for settlement according to such maturity and will frequently be settled in the short term at fair value. Derivatives designated in a hedging relationship are included according to their contractual maturity.

Banking does not use this contractual maturity information as presented in the liquidity management of the balance sheet. Additional factors as described above are considered when managing the maturity profles of the business.