RBS 2005 Annual Report Download - page 242

240
Additional information
Additional information continued
Short term borrowings
IFRS
2005 2004
£m £m
Commercial paper
Outstanding at year end 14,110 8,391
Maximum outstanding at any month end during the year 16,853 8,391
Approximate average amount during the year 15,329 7,450
Approximate weighted average interest rate during the year 3.7% 1.9%
Approximate weighted average interest rate at year end 4.2% 2.6%
Other short term borrowings
Outstanding at year end 105,483 95,381
Maximum outstanding at any month end during the year 117,913 96,356
Approximate average amount during the year 100,681 85,496
Approximate weighted average interest rate during the year 3.4% 2.9%
Approximate weighted average interest rate at year end 3.5% 3.1%
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 2005
3 months 6 months 12 months 12 months Total
£m £m £m £m £m
UK based companies and branches
Certificates of deposit 18,911 2,009 2,528 — 23,448
Other time deposits 64,819 3,679 2,113 3,696 74,307
Overseas based companies and branches
Certificates of deposit 4,841 956 747 — 6,544
Other time deposits 61,126 4,553 3,114 10,385 79,178
Total 149,697 11,197 8,502 14,081 183,477