16.1 Assets held for trading
 Download XLS |
|
|
|
|
General (incl. |
|
|
|
Banking |
Insurance |
eliminations) |
Total |
|
31 December 2007 |
|
|
|
|
|
Securities held for trading: |
|
|
|
|
|
Treasury bills and other eligible bills |
1,107 |
|
|
1,107 |
|
Debt securities: |
|
|
|
|
|
- Government bonds |
7,840 |
|
|
7,840 |
|
- Corporate debt securities |
9,815 |
|
(391) |
9,424 |
|
3,249 |
|
|
3,249 | |
|
Equity securities |
23,845 |
|
(79) |
23,766 |
|
Total trading securities |
45,856 |
|
(470) |
45,386 |
|
|
|
|
|
|
|
Derivatives held for trading |
|
|
|
|
|
Over the counter (OTC) |
28,447 |
257 |
(336) |
28,368 |
|
Exchange traded |
478 |
2 |
|
480 |
|
Total trading derivatives |
28,925 |
259 |
(336) |
28,848 |
|
|
|
|
|
|
|
Other assets held for trading |
566 |
|
|
566 |
|
Total assets held for trading |
75,347 |
259 |
(806) |
74,800 |
|
|
|
|
|
|
|
31 December 2006 |
|
|
|
|
|
Securities held for trading: |
|
|
|
|
|
Treasury bills and other eligible bills |
2,533 |
|
|
2,533 |
|
Debt securities: |
|
|
|
|
|
- Government bonds |
7,354 |
|
|
7,354 |
|
- Corporate debt securities |
7,631 |
|
(254) |
7,377 |
|
- Structured credit instruments |
4,935 |
|
|
4,935 |
|
Equity securities |
26,533 |
|
(160) |
26,373 |
|
Total trading securities |
48,986 |
|
(414) |
48,572 |
|
|
|
|
|
|
|
Derivatives held for trading |
|
|
|
|
|
Over the counter (OTC) |
21,028 |
184 |
(202) |
21,010 |
|
Exchange traded |
523 |
12 |
|
535 |
|
Total trading derivatives |
21,551 |
196 |
(202) |
21,545 |
|
|
|
|
|
|
|
Other assets held for trading |
98 |
|
|
98 |
|
Total assets held for trading |
70,635 |
196 |
(616) |
70,215 |
|
|
|
|
|
|
|
31 December 2005 |
|
|
|
|
|
Securities held for trading: |
|
|
|
|
|
Treasury bills and other eligible bills |
934 |
|
|
934 |
|
Debt securities: |
|
|
|
|
|
- Government bonds |
7,371 |
45 |
|
7,416 |
|
- Corporate debt securities |
8,828 |
46 |
(170) |
8,704 |
|
- Structured credit instruments |
3,850 |
|
|
3,850 |
|
Equity securities |
17,951 |
159 |
(123) |
17,987 |
|
Total trading securities |
38,934 |
250 |
(293) |
38,891 |
|
|
|
|
|
|
|
Derivatives held for trading |
|
|
|
|
|
Over the counter (OTC) |
23,715 |
109 |
(192) |
23,632 |
|
Exchange traded |
156 |
40 |
(39) |
157 |
|
Total trading derivatives |
23,871 |
149 |
(231) |
23,789 |
|
|
|
|
|
|
|
Other assets held for trading |
25 |
|
|
25 |
|
Total assets held for trading |
62,830 |
399 |
(524) |
62,705 |
In 2007, EUR 77 million trading assets (2006: EUR 75 million; 2005: EUR 5 million) were pledged as collateral related to liabilities. Details of the derivative financial instruments are shown in note 35.
16.2 Liabilities held for trading
The table below shows the composition of Liabilities held for trading.
| Download XLS |
|
|
|
|
General (incl. |
|
|
|
Banking |
Insurance |
eliminations) |
Total |
|
31 December 2007 |
|
|
|
|
|
Short security sales |
56,076 |
|
(9) |
56,067 |
|
Derivative financial instruments: |
|
|
|
|
|
Over the counter (OTC) |
33,047 |
25 |
116 |
33,188 |
|
Exchange traded |
333 |
|
|
333 |
|
Total derivatives held for trading |
33,380 |
25 |
116 |
33,521 |
|
Other liabilities held for trading |
1 |
|
|
1 |
|
Total liabilities held for trading |
89,457 |
25 |
107 |
89,589 |
|
|
|
|
|
|
|
31 December 2006 |
|
|
|
|
|
Short security sales |
39,922 |
|
|
39,922 |
|
Derivative financial instruments: |
|
|
|
|
|
Over the counter (OTC) |
24,015 |
28 |
22 |
24,065 |
|
Exchange traded |
320 |
|
1 |
321 |
|
Total derivatives held for trading |
24,335 |
28 |
23 |
24,386 |
|
Other liabilities held for trading |
|
|
|
|
|
Total liabilities held for trading |
64,257 |
28 |
23 |
64,308 |
|
|
|
|
|
|
|
31 December 2005 |
|
|
|
|
|
Short security sales |
25,453 |
|
(1) |
25,452 |
|
Derivative financial instruments: |
|
|
|
|
|
Over the counter (OTC) |
24,870 |
28 |
(221) |
24,677 |
|
Exchange traded |
125 |
1 |
|
126 |
|
Total derivatives held for trading |
24,995 |
29 |
(221) |
24,803 |
|
Other liabilities held for trading |
307 |
|
|
307 |
|
Total liabilities held for trading |
50,755 |
29 |
(222) |
50,562 |
16.3 Valuation techniques
The following table provides a specification of the methods used in determining the fair values of trading securities as at 31 December.
| Download XLS |
|
|
2007 |
2006 |
2005 |
|
Trading securities (assets): |
|
|
|
|
Fair values of trading securities supported by observable market data |
40,396 |
46,309 |
37,515 |
|
Fair values of trading securities obtained through a valuation technique |
4,990 |
2,263 |
1,376 |
|
Total |
45,386 |
48,572 |
38,891 |
|
|
|
|
|
|
Short security sales (liabilities): |
|
|
|
|
Fair value supported by observable market data |
56,067 |
39,921 |
25,451 |
|
Fair value obtained through a valuation technique |
|
1 |
1 |
|
Total |
56,067 |
39,922 |
25,452 |
For details on the calculation of fair values see note 36.
