KB prezent. angl - Komerční banka

(C) Financial derivatives
The Group operates a system of market risk and counterparty limits which are designed to restrict inadequate exposure to
movements in market prices and counterparty concentrations. The Group also monitors adherence to all limits on a daily basis and
follows up on any breaches of these limits and takes corrective action to reduce the risk exposure.
The following tables set out notional and fair values of financial derivative instruments categorised as held for trading and hedging
(refer also to Note 3 to these financial statements).
Financial derivative instruments designated as held for trading:
CZK million Notional value Notional value Fair value Fair value
2003 2003 2002 2002 2003 2003 2002 2002
Assets Liabilities Assets Liabilities Positive Negative Positive Negative
Interest rate instruments
Interest rate swaps 83,538 83,538 66,808 66,808 1,635 1,735 2,666 2,722
Forward Rate Agreements 159,693 159,693 150,841 150,841 62 64 267 333
Options 1,400 1,400 5,600 5,600 11 7 216 227
Total 244,631 244,631 223,249 223,249 1,708 1,806 3,149 3,282
Foreign currency instruments
Currency swaps 44,033 43,924 81,108 80,958 877 829 2,450 2,316
Cross currency swaps 10,005 7,672 18,212 14,997 2,400 56 3,374 166
Forwards 4,488 4,455 4,455 5,905 75 39 90 62
Call options 3,655 3,675 2,213 2,237 48 0 36 0
Put options 3,675 3,655 2,237 2,213 0 47 0 36
Total 65,856 63,381 108,225 106,310 3,400 971 5,950 2,580
Other instruments
Credit options 11 11 14,758 14,758 0 0 0 0
Forwards on debt securities 1,025 1,025 0 0 1 0 0 0
Forwards on equities 2 2 0 0 0 0 0 0
Equity options 9 9 1,139 1,139 0 0 1 3
Total 1,047 1,047 15,897 15,897 1 0 1 3
Total 311,534 309,059 347,371 345,457 5,109 2,777 9,100 5,865