Bank of America 2015 Annual Report Download - page 117

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Bank of America 2015 115
Table VIII Non-exchange Traded Commodity Contracts
2015
(Dollars in millions)
Asset
Positions
Liability
Positions
Net fair value of contracts outstanding, January 1, 2015 $ 8,052 $ 8,593
Effect of legally enforceable master netting agreements 5,506 5,506
Gross fair value of contracts outstanding, January 1, 2015 13,558 14,099
Contracts realized or otherwise settled (8,262) (9,114)
Fair value of new contracts 4,624 4,250
Other changes in fair value 1,623 1,322
Gross fair value of contracts outstanding, December 31, 2015 11,543 10,557
Less: Legally enforceable master netting agreements (3,244) (3,244)
Net fair value of contracts outstanding, December 31, 2015 $ 8,299 $ 7,313
Table IX Non-exchange Traded Commodity Contract Maturities
2015
(Dollars in millions)
Asset
Positions
Liability
Positions
Less than one year $ 5,420 $ 5,853
Greater than or equal to one year and less than three years 2,619 2,121
Greater than or equal to three years and less than five years 723 671
Greater than or equal to five years 2,781 1,912
Gross fair value of contracts outstanding 11,543 10,557
Less: Legally enforceable master netting agreements (3,244) (3,244)
Net fair value of contracts outstanding $ 8,299 $ 7,313