Balance Sheet at 31 December 2010 of BBVA

29. FINANCIAL GUARANTEES AND DRAWABLE BY THIRD PARTIES
The breakdown of the balance of this item as of December 31, 2010 and 2009 is as follows:
Millions of Euros
Financial Guarantees and Drawable by Third Parties 2010 2009
Contingent Exposures
Collateral, bank guarantees and indemnities 8,955 10,848
Rediscounts, endorsements and acceptances 1,606 1,003
Rest 47,203 46,323
Total 57,764 58,174
Contingent Commitments
Drawable by third parties 55,330 57,427
Credit institutions 2,289 2,259
Government and other government agency 4,105 4,444
Other resident sectors 25,114 27,834
Non-resident sector 23,822 22,890
Other commitments 3,555 7,001
Total 58,885 64,428
Since a significant portion of these amounts will reach maturity without any payment obligation materializing
for the Bank, the aggregate balance of these commitments cannot be considered as an actual future
requirement for financing or liquidity to be provided by the Bank to third parties.
In 2010 and 2009 no issuances of debt securities carried out by non-Group entities have been guaranteed.
30. ASSETS ASSIGNED TO OTHER OWN AND THIRD-PARTY OBLIGATIONS
In addition to those mentioned in other notes in these annual accounts (see Notes 11 and 20) as of
December 31, 2010 and 2009, the Bank's treasury assets assigned to its own operations amounted to
€67,984 and €71,728 million respectively. These amounts mainly correspond to the issue of long-term
covered bonds (Note 20.4) which, pursuant to the Mortgage Market Act, are admitted as third-party collateral
and to assets allocated as collateral for certain lines of short-term finance assigned to the Bank by the
European Central Bank.
As of December 31, 2010 and 2009, there were no additional assets assigned to third-party obligations to
those described in the different headings of the accompanying financial statements.
31. OTHER CONTINGENT ASSETS AND CONTINGENT LIABILITIES
As of December 31, 2010 and 2009, there were no significant contingent assets or liabilities registered in the
financial statements attached.
32. PURCHASE AND SALE COMMITMENTS AND FUTURE PAYMENT OBLIGATIONS
The breakdown of sale and purchase commitments of the Bank as of December 31, 2010 and 2009 was as
follows:
Millions of Euros
Purchase and Sale Commitments 2010 2009
Financial instruments sold with repurchase commitments 44,215 17,301
Financial instruments purchased with resale commitments 9,582 5,941
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