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

10.2. DEBT SECURITIES
The breakdown by type of instrument of the balance of this heading in the accompanying consolidated
balance sheets was as follows:
Millions of Euros
Debt Securities Held-for-Trading
Breakdown by type of instrument
June
2010
December
2009
Issued by Central Banks 452 326
Spanish government bonds 7,085 13,463
Foreign government bonds 12,869 17,500
Issued by Spanish financial institutions 350 431
Issued by foreign financial institutions 2,416 954
Other debt securities 1,691 1,998
Total 24,863 34,672
10.3. EQUITY INSTRUMENTS
The breakdown of the balance of this heading in the accompanying consolidated balance sheets was as
follows:
Millions of Euros
Equity Instruments Held-for-Trading
Breakdown by Issuer
June
2010
December
2009
Shares of Spanish companies
Credit institutions 62 666
Other sectors 3,163 2,602
Subtotal 3,225 3,268
Shares of foreign companies
Credit institutions 152 156
Other sectors 2,160 2,359
Subtotal 2,312 2,515
Total 5,537 5,783
10.4. TRADING DERIVATIVES
The trading derivatives portfolio arises from the Group’s need to manage the risks incurred by it in the course
of its normal business activity, mostly for the positions held with customers. As of June 30, 2010 and
December 31, 2009, trading derivatives were principally contracted in non-organized markets, with nonresident
credit entities as the main counterparties, and related to foreign exchange and interest rate risk and
shares.
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