FINANCIAL REPORT 2013
• 2.5.2. Market risk Management of these financial risk positions is centralised at the Foreign exchange Cash Department in CACEIS Bank Luxembourg. 2.5.2.1. Derivative instruments: analysis by remaining maturity
2.5.2.1.1. Hedging derivative instruments – fair value of assets
31.12.2013
31.12.2012
Exchange-traded
Over-the-counter
Total market value
Total market value
> 1 year ≤ 5 years > 5 years ≤1 year
> 1 year ≤ 5 years > 5 years
≤1 year
(in thousands of euros)
INTEREST RATE INSTRUMENTS: • Interest rate swaps
480 480
2 855 2 855
335 335
3 670 3 670
0
0
0
0
TOTAL
0
0
0
480
2 855
335
3 670
0
2.5.2.1.2. Hedging derivative instruments – fair value of liabilities
31.12.2013
31.12.2012
Exchange-traded
Over-the-counter
Total market value
Total market value
> 1 year ≤ 5 years > 5 years ≤1 year
> 1 year ≤ 5 years > 5 years
≤1 year
(in thousands of euros)
INTEREST RATE INSTRUMENTS: • Interest rate swaps
54 406 54 406
298 560 298 560
0
0
0 54 406 54 406
0
0
TOTAL
0
0
0 54 406
0
0
54 406
298 560
2.5.2.1.3. Derivative instruments held for trading – fair value of assets
31.12.2013
31.12.2012
Exchange-traded
Over-the-counter
Total market value
Total market value
> 1 year ≤ 5 years > 5 years ≤1 year
> 1 year ≤ 5 years > 5 years
≤1 year
(in thousands of euros)
INTEREST RATE INSTRUMENTS: • Interest rate swaps
959 959
0
0
0
0
0
0
0
CURRENCY AND GOLD: • Currency options
13 13
13 13
6 440 6 440
0
0
0
0
0
SUBTOTAL
0
0
0
13
0
0
13
7 399
• Forward currency transactions
240 346
3
240 349
195 597
TOTAL
0
0
0 240 359
3
0
240 362
202 996
19
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