RBS 2004 Annual Report Download - page 214
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212
Additional information
Additional information continued
Short term borrowings
2004 2003 2002
£m £m £m
Commercial paper
Outstanding at year end 8,391 6,968 3,515
Maximum outstanding at any month end during the year 8,391 7,032 3,515
Approximate average amount during the year 7,450 5,499 868
Approximate weighted average interest rate during the year 1.9% 1.6% 2.0%
Approximate weighted average interest rate at year end 2.6% 1.5% 1.6%
Other short term borrowings
Outstanding at year end 95,381 84,795 72,069
Maximum outstanding at any month end during the year 96,356 94,570 72,264
Approximate average amount during the year 85,496 78,004 58,246
Approximate weighted average interest rate during the year 2.9% 2.2% 2.9%
Approximate weighted average interest rate at year end 3.1% 2.0% 2.2%
Average interest rates during the year are computed by
dividing total interest expense by the average amount
borrowed. Average interest rates at year end are average rates
for a single day and as such may reflect one-day market
distortions which may not be indicative of generally prevailing
rates. Original maturities of commercial paper are not in
excess of one year. ‘Other short-term borrowings’ consist
principally of borrowings in the money markets included within
‘Deposits by banks’ and ‘Customer accounts’ in the accounts,
and generally have original maturities of one year or less.
Certificates of deposit and other time deposits
The following table shows details of the Group’s certificates of deposit and other time deposits over $100,000 or equivalent by
remaining maturity.
Over 3 months Over 6 months
Within but within but within Over 2004
3 months 6 months 12 months 12 months Total
£m £m £m £m £m
UK based companies and branches
Certificates of deposit 18,574 3,071 1,837 66 23,548
Other time deposits 116,623 6,468 6,051 3,224 132,366
Overseas based companies and branches
Certificates of deposit 6,703 2,674 1,719 1,594 12,690
Other time deposits 44,260 4,209 2,007 6,226 56,702
Total 186,160 16,422 11,614 11,110 225,306