Balance Sheet at 31 December 2010 of BBVA
Balance Sheet at 31 December 2010 of BBVA
Balance Sheet at 31 December 2010 of BBVA
Create successful ePaper yourself
Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.
The breakdown, by transaction type and shown the organized markets and non-organized markets, <strong>of</strong> the<br />
balances <strong>of</strong> this heading in the balance sheet as <strong>of</strong> <strong>December</strong> <strong>31</strong>, <strong>2010</strong> and 2009 is as follows:<br />
Outstanding Financial Trading Deriv<strong>at</strong>ives. Breakdown by Markets and Transaction Types<br />
Millions <strong>of</strong> Euros<br />
<strong>2010</strong> Currency Risk<br />
Interest R<strong>at</strong>e<br />
Risk<br />
Equity Price<br />
Risk<br />
Precious<br />
Metals Risk<br />
Commodities<br />
Risk<br />
Credit Risk<br />
Organized markets<br />
Financial futures - - - - - - -<br />
Options (3) - (27) (11) (6) - (47)<br />
Other products - - - - - - -<br />
Subtotal (3) - (27) (11) (6) - (47)<br />
OTC markets<br />
Credit institutions<br />
Forward transactions (51) - - - - - (51)<br />
Future r<strong>at</strong>e agreements (FRAs) - (6) - - - - (6)<br />
Swaps - (1,785) (4) 1 24 - (1,764)<br />
Options (110) (275) 40 - - - (345)<br />
Other products - - - - - (175) (175)<br />
Subtotal (161) (2,066) 36 1 24 (175) (2,341)<br />
Other financial institutions<br />
Forward transactions 54 - - - - - 54<br />
Future r<strong>at</strong>e agreements (FRAs) - (1) - - - - (1)<br />
Swaps - 1,171 <strong>31</strong> - (5) - 1,197<br />
Options (12) (56) (2<strong>31</strong>) - - - (299)<br />
Other products - - - - - <strong>31</strong>9 <strong>31</strong>9<br />
Subtotal 42 1,114 (200) - (5) <strong>31</strong>9 1,270<br />
Other sectors<br />
Forward transactions 385 - - - - - 385<br />
Future r<strong>at</strong>e agreements (FRAs) - - - - - - -<br />
Swaps - 1,621 145 - (34) - 1,732<br />
Options (41) 84 393 - - - 436<br />
Other products - - - - - (5) (5)<br />
Subtotal 344 1,705 538 - (34) (5) 2,548<br />
Subtotal 225 753 374 1 (15) 139 1,477<br />
Total 222 753 347 (10) (21) 139 1,430<br />
<strong>of</strong> which: Asset Trading Deriv<strong>at</strong>ives 4,738 24,124 3,602 12 123 1,125 33,724<br />
<strong>of</strong> which: Liability Trading Deriv<strong>at</strong>ives (4,516) (23,371) (3,255) (22) (144) (986) (32,294)<br />
Total<br />
2009<br />
Currency<br />
Risk<br />
Interest R<strong>at</strong>e<br />
Risk<br />
Equity Price<br />
Risk<br />
Millions <strong>of</strong> Euros<br />
Precious<br />
Metals Risk<br />
Commodities<br />
Risk<br />
Credit Risk<br />
Organized markets<br />
Financial futures - - - - - - -<br />
Options - - (30) - - - (30)<br />
Other products - - - - - - -<br />
Subtotal - - (30) - - - (30)<br />
OTC markets<br />
Credit institutions<br />
Forward transactions 337 - - - - - 337<br />
Future r<strong>at</strong>e agreements (FRAs) - (7) - - - - (7)<br />
Swaps - (1,755) (125) 2 15 - (1,863)<br />
Options (28) (279) (48) - (6) - (361)<br />
Other products - - - - - (66) (66)<br />
Subtotal 309 (2,041) (173) 2 9 (66) (1,960)<br />
Other financial institutions<br />
Forward transactions 24 - - - - - 24<br />
Future r<strong>at</strong>e agreements (FRAs) - (2) - - - - (2)<br />
Swaps - 932 29 - 1 - 962<br />
Options (1) (55) (341) - - - (397)<br />
Other products - - - - - 345 345<br />
Subtotal 23 875 (<strong>31</strong>2) - 1 345 932<br />
Other sectors<br />
Forward transactions 343 - - - - - 343<br />
Future r<strong>at</strong>e agreements (FRAs) - - - - - - -<br />
Swaps - 1,344 43 - (9) - 1,378<br />
Options 46 155 <strong>31</strong>0 - 3 - 514<br />
Other products - - - - - (51) (51)<br />
Subtotal 389 1,499 353 - (6) (51) 2,184<br />
Subtotal 721 333 (132) 2 4 228 1,156<br />
Total 721 333 (162) 2 4 228 1,126<br />
<strong>of</strong> which: Asset Trading Deriv<strong>at</strong>ives 5,079 20,064 3,489 2 51 1,018 29,703<br />
<strong>of</strong> which: Liability Trading Deriv<strong>at</strong>ives (4,358) (19,7<strong>31</strong>) (3,651) - (47) (790) (28,577)<br />
Total<br />
56