FINANCIAL REPORT 2013
2.5.2.1.4. Derivative instruments held for trading – 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
2 032 2 032
2 032 2 032
2 789 2 789 6 440 6 440
0
0
0
0
0
CURRENCY AND GOLD: • Currency options
13 13
13 13
0
0
0
0
0
OTHER: • Credit derivatives
46 46
0
0
0
0
0
0
0
SUBTOTAL
0
0
0
2 045
0
0
2 045
9 275
• Forward currency transactions
249 612
4 240
253 852
200 531
TOTAL
0
0
0 251 657
4 240
0
255 897
209 806
2.5.2.2. Derivative instruments: total commitments
(in thousands of euros)
31.12.2013
31.12.2012
INTEREST RATE INSTRUMENTS: • Interest rate swaps
3 165 191 3 165 191
3234732 3234732 305034 305034
CURRENCY AND GOLD: • Currency options
120 362 120 362
OTHER: • Credit derivatives
35000 35000
0
SUBTOTAL
3 285 553
3574766
• Forward currency transactions
47 948 973
16560679
TOTAL
51 234 526
20135445
2.5.2.3. Foreign exchange risk Foreign exchange is the risk of a change of value of a financial instrument due to a change in a currency’s value. 2.5.2.4. Liquidity and financing risk Liquidity and financing risk is the risk of loss if the company is unable to meet its financial commitments in timely fashion and at reasonable prices when they reach maturity. These commitments include obligations to depositors and suppliers, as well as commitments in respect of loans and investments.
20
Made with FlippingBook - Online catalogs