UOB Annual Report 2002 - United Overseas Bank

39 Derivative Financial Instruments
(a) The Group
Contract or Trading Derivatives Total Derivatives
Underlying
Principal Fair Values Fair Values
Amount Assets Liabilities Assets Liabilities
$’000 $’000 $’000 $’000 $’000
2002
Foreign Exchange Contracts
Forwards 6,515,318 105,348 53,300 105,421 53,425
Swaps 77,252,945 963,335 993,300 987,669 1,052,909
Options purchased 6,875,269 65,013 – 65,189 –
Options written 8,078,330 – 66,780 – 66,838
Interest Rate Contracts
Forward rate agreements 2,758,502 1,132 2,097 1,149 2,104
Swaps 26,885,279 536,937 648,304 589,619 707,572
Futures 1,800,952 1,137 3,147 1,137 3,147
Options purchased 266,795 1,581 – 2,058 –
Options written 186,795 – – – 477
Equity-Related Contracts
Swaps 48,935 – – 1,942 1,942
Futures 11,221 36 41 36 41
Options purchased 94,585 1,081 – 1,081 –
Options written 158,343 – 6,625 – 6,625
Credit-Related Contracts
Credit default swaps 346,134 101 – 1,137 7,589
131,279,403 1,675,701 1,773,594 1,756,438 1,902,669
2001
Foreign Exchange Contracts
Forwards 5,090,877 54,923 56,176 55,507 56,437
Swaps 52,994,548 595,292 553,101 851,300 716,888
Options purchased 2,039,132 17,380 – 17,380 –
Options written 1,678,972 – 14,291 – 14,291
Interest Rate Contracts
Forward rate agreements 28,348 – – 3 –
Swaps 18,623,942 173,268 162,291 191,901 182,730
Futures 957,496 1,085 1,183 1,085 1,183
Options purchased 94,401 – – 416 –
Options written 94,401 – – – 416
Equity-Related Contracts
Swaps 49,594 1,050 1,049 1,050 1,049
Futures 16,931 550 – 550 –
Options purchased 33,196 28 – 28 –
Options written 40,703 – 4,809 – 4,809
Credit-Related Contracts
Credit default swaps 465,841 200 5,849 200 5,849
82,208,382 843,776 798,749 1,119,420 983,652
UNITED OVERSEAS BANK 139