The HSBC Group is one of the largest banking and financial services organisations in the world. The Group has around 10,000 offices in 82 countries and territories in Europe, the Asia-Pacific region, the Americas, the Middle East and Africa, serves over 125 million customers and has assets of US$1,861 billion as of 31 December 2006. HSBC’s Corporate, Investment Banking and Markets (CIBM) division offers a full range of services to corporate and institutional clients of all sizes across Asia and around the world. One of the largest businesses of its kind, CIBM fosters long-term relationships based on the Group’s unmatched global knowledge and local expertise. The division has two customer groups: Global Banking and Global Markets. Global Banking includes Corporate Banking, Global Sector Management, Investment Banking, Project and Export Finance, and Asset and Structured Finance. Global Markets manages current trading activities and HSBC’s markets-related financing businesses (debt capital markets, loan syndication, equity capital markets, equity-linked capital markets and structured/ABS capital markets), handling primary and secondary markets activities as a single business line. HSBC offers its clients a full range of banking, treasury and capital markets, corporate finance and advisory, and stockbroking services. Online treasury and capital markets operations are integrated onto a single platform, HSBCnet, providing secure online access to trading, research market data and other services.