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  "docSlug": "2d777b2ef89fc931efaa2ec22a708477",
  "documentTitle": "HSBC | Investor Day Presentation Deck | 24 slides",
  "authorId": "hsbc",
  "authorName": "HSBC",
  "documentKindSlug": "conference-presentation",
  "documentKindLabel": "Conference presentation",
  "sourceTypeSlug": "investor_relations",
  "sourceTypeLabel": "Investor relations",
  "presentationDate": "2023-03-01 00:00:00",
  "orientation": "landscape",
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  "pageNumber": 7,
  "pageCount": 24,
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  "slideType": "executive_summary",
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  "density": "balanced",
  "nDataPoints": 10,
  "notes": "The slide uses a numbered list format to outline key impacts of IFRS 17 transition.",
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  "slideHref": "/slides/019de074-8f3d-7398-9ec4-f44fed55bf9b/7",
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      "kind": "list",
      "text": "1. IFRS 17 does not change the economics of the insurance business and decreases the volatility of Group RoTE\n2. No expected impact on: Regulatory capital, Insurance business solvency, Lifetime expected profit, Cash and dividend generation\n3. Likely impacts on 1H22 reported comparatives: Group revenue down $0.7bn (3%); Group costs down $0.3bn (1%); Group PBT down $0.4bn (4%); Insurance manufacturing PBT down $0.3bn (c.50%)\n4. At transition, Group total equity is expected to reduce by $10.5bn and tangible equity is expected to reduce by $2.4bn; a contractual service margin (CSM) liability is created\n5. Insurance equity + CSM represents the net asset value and expected future earnings of the in-force business\n6. FY23 Group NII estimated to be c.$2.3bn lower; minimal expected impact on other key Group financial targets and guidance",
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      "text": "Executive summary",
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      "arcName": "The Sequoia Pitch",
      "arcSlug": "sequoia-pitch",
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      "evidence": "Slides 4-7 explain key IFRS 17 concepts and expected impacts",
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