BANCO BILBAO VIZCAYA ARGENTARIA, S.A. AND ... - BBVA

7.5. OUTSTANDING CONTRACTUAL MATURITY
Below is a breakdown by outstanding contractual maturity, of the balances of certain headings in the
accompanying consolidated balance sheets, disregarding any valuation adjustments:
June 2010
Demand
Up to 1
Month
1 to 3
Months
Millions of Euros
3 to 12
Months
1 to 5 Years Over 5 years Total
ASSETS -
Cash and balances with central banks 19,619 2,139 234 144 152 - 22,288
Loans and advances to credit institutions 2,944 8,220 1,303 2,162 4,630 2,579 21,838
Loans and advances to customers 5,711 33,496 20,214 44,399 97,886 145,967 347,673
Debt securities 1,105 2,667 13,918 9,944 34,667 28,516 90,817
Derivatives (trading and hedging) - 2,384 1,747 6,455 17,261 19,669 47,516
LIABILITIES-
Deposits from central banks 389 18,979 2,575 10,068 - - 32,011
Deposits from credit institutions 5,169 27,389 7,841 6,130 11,313 4,594 62,436
Deposits from customers 116,543 61,062 18,337 32,585 21,527 6,928 256,982
Debt certificates (including bonds) - 15,080 5,098 8,987 38,816 14,945 82,926
Subordinated liabilities - 500 1 175 1,493 15,949 18,118
Other financial liabilities 5,854 1,312 97 623 469 20 8,375
Short positions - 820 - 28 - 3,085 3,933
Derivatives (trading and hedging) - 586 1,282 5,507 16,446 18,171 41,992
December 2009
Demand
Up to 1
Month
1 to 3
Months
Millions of Euros
3 to 12
Months
1 to 5 Years Over 5 Years Total
ASSETS -
Cash and balances with central banks 14,650 535 248 735 163 - 16,331
Loans and advances to credit institutions 3,119 8,484 1,549 1,914 4,508 2,626 22,200
Loans and advances to customers 4,313 31,155 19,939 40,816 94,686 140,178 331,087
Debt securities 1,053 4,764 15,611 10,495 37,267 29,080 98,270
Derivatives (trading and hedging) - 637 2,072 3,863 13,693 12,608 32,873
LIABILITIES-
Deposits from central banks 213 4,807 3,783 12,293 - - 21,096
Deposits from credit institutions 1,836 24,249 5,119 5,145 6,143 6,453 48,945
Deposits from customers 106,942 55,482 34,329 32,012 18,325 6,293 253,383
Debt certificates (including bonds) - 10,226 16,453 15,458 40,435 14,614 97,186
Subordinated liabilities - 500 689 2 1,529 14,585 17,305
Other financial liabilities 3,825 822 141 337 480 20 5,625
Short positions - 448 - 16 - 3,366 3,830
Derivatives (trading and hedging) - 735 1,669 3,802 13,585 10,517 30,308
8. FAIR VALUE OF FINANCIAL INSTRUMENTS
The fair value of a financial asset or a liability on a given date is the amount for which it could be exchanged
or settled, respectively, between two knowledgeable, willing parties in an arm’s length transaction. The most
objective and common reference for the fair value of a financial asset or a liability is the price that would be
paid for it on an organized, transparent and deep market (“quoted price” or “market price”).
If there is no market price for a given financial asset or liability, its fair value is estimated on the basis of the
price established in recent transactions involving similar instruments and, in the absence thereof, by using
mathematical measurement models sufficiently tried and trusted by the international financial community.
The estimates used in such models take into consideration the specific features of the asset or liability to be
measured and, in particular, the various types of risk associated with the asset or liability. However, the
limitations inherent in the measurement models developed and the possible inaccuracies of the assumptions
required by these models may mean that the fair value of an asset or liability that is estimated does not
coincide exactly with the price for which the asset or liability could be exchanged or settled on the date of its
measurement.
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