BANCO BILBAO VIZCAYA ARGENTARIA, S.A. AND ... - BBVA
BANCO BILBAO VIZCAYA ARGENTARIA, S.A. AND ... - BBVA
BANCO BILBAO VIZCAYA ARGENTARIA, S.A. AND ... - BBVA
You also want an ePaper? Increase the reach of your titles
YUMPU automatically turns print PDFs into web optimized ePapers that Google loves.
Below is a breakdown by transaction type and market, of the fair value of outstanding financial trading<br />
derivatives recognized in the accompanying consolidated balance sheets and held by the main companies in<br />
the Group, divided into organized and non-organized (over-the-counter “OTC”) markets:<br />
June 2010<br />
Currency<br />
Risk<br />
Interest Rate<br />
Risk<br />
Equity Price<br />
Risk<br />
Millions of Euros<br />
Precious<br />
Metals Risk<br />
Commodities<br />
Risk<br />
Credit Risk Other Risks Total<br />
Organized markets - - - - - - - -<br />
Financial futures - 7 9 - - - - 16<br />
Options - - (388) - 1 - (1) (388)<br />
Other products - - - - - - - -<br />
Subtotal - 7 (379) - 1 - (1) (372)<br />
OTC markets<br />
Credit institutions<br />
Forward transactions 2,182 - - - - - - 2,182<br />
Future rate agreements (FRAs) - 35 - - - - - 35<br />
Swaps (537) (2,771) 109 2 11 - - (3,186)<br />
Options (169) (681) 519 - - - 1 (330)<br />
Other products (2) 2 - - - (190) - (190)<br />
Subtotal 1,474 (3,415) 628 2 11 (190) 1 (1,489)<br />
Other financial institutions<br />
Forward transactions 113 - - - - - - 113<br />
Future rate agreements (FRAs) - - - - - - - -<br />
Swaps - 611 17 - (1) - - 627<br />
Options 32 (54) (169) - - - - (191)<br />
Other products - - - - - 435 - 435<br />
Subtotal 145 557 (152) - (1) 435 - 984<br />
Other sectors<br />
Forward transactions 648 - - - - - - 648<br />
Future rate agreements (FRAs) - - - - - - - -<br />
Swaps 16 2,655 259 - - - - 2,930<br />
Options (7) 150 363 - - - - 506<br />
Other products 2 10 (13) - - (77) - (78)<br />
Subtotal 659 2,815 609 - - (77) - 4,006<br />
Subtotal 2,278 (43) 1,085 2 10 168 1 3,501<br />
Total 2,277 (36) 706 2 11 168 - 3,129<br />
of which: Asset Trading Derivatives 9,597 27,274 4,640 2 89 1,312 16 42,930<br />
of which: Liability Trading Derivatives (7,320) (27,309) (3,933) - (79) (1,144) (16) (39,801)<br />
December 2009<br />
Currency<br />
Risk<br />
Interest Rate<br />
Risk<br />
Equity Price<br />
Risk<br />
Millions of Euros<br />
Precious<br />
Metals Risk<br />
Commodities<br />
Risk<br />
Credit Risk Other Risks Total<br />
Organized markets - - - - - - - -<br />
Financial futures - 2 7 - - - - 9<br />
Options - - (143) - - - - (143)<br />
Other products - - - - - - - -<br />
Subtotal - 2 (136) - - - - (134)<br />
OTC markets<br />
Credit institutions<br />
Forward transactions 251 - - - - - - 251<br />
Future rate agreements (FRAs) - 30 - - - - - 30<br />
Swaps (568) (1,559) (126) 2 18 - - (2,233)<br />
Options (3) (243) (536) - (6) - 3 (785)<br />
Other products - - - - - (66) - (66)<br />
Subtotal (320) (1,772) (662) 2 12 (66) 3 (2,803)<br />
Other financial institutions<br />
Forward transactions 28 - - - - - - 28<br />
Future rate agreements (FRAs) - (2) - - - - - (2)<br />
Swaps - 932 29 - 1 - - 962<br />
Options (1) (55) (341) - - - - (397)<br />
Other products - - - - - 345 - 345<br />
Subtotal 27 875 (312) - 1 345 - 936<br />
Other sectors<br />
Forward transactions 351 - - - - - - 351<br />
Future rate agreements (FRAs) - (1) - - - - - (1)<br />
Swaps 7 1,383 44 - (9) - - 1,425<br />
Options 45 155 336 - 3 - 1 540<br />
Other products - 18 (3) - - (51) - (36)<br />
Subtotal 403 1,555 377 - (6) (51) 1 2,279<br />
Subtotal 110 658 (597) 2 7 228 4 412<br />
Total 110 660 (733) 2 7 228 4 278<br />
of which: Asset Trading Derivatives 5,953 19,398 2,836 2 59 1,018 12 29,278<br />
of which: Liability Trading Derivatives (5,843) (18,738) (3,569) - (52) (790) (8) (29,000)<br />
71