RBS 2007 Annual Report Download - page 224

RBS Group • Annual Report and Accounts 2007
222
Additional information continued
Additional information
Amounts in accordance with IFRS (continued)
Short term borrowings
IFRS
2007 2006 2005
£m £m £m
Commercial paper
Outstanding at year end 78,612 12,675 14,110
Maximum outstanding at any month end during the year 81,187 14,402 16,853
Approximate average amount during the year 32,498 13,225 15,329
Approximate weighted average interest rate during the year 4.8% 4.9% 3.7%
Approximate weighted average interest rate at year end 5.5% 5.0% 4.2%
Other short term borrowings
Outstanding at year end 280,526 122,576 105,483
Maximum outstanding at any month end during the year 312,557 130,867 117,913
Approximate average amount during the year 188,326 112,008 100,681
Approximate weighted average interest rate during the year 4.6% 4.5% 3.4%
Approximate weighted average interest rate at year end 4.1% 4.5% 3.5%
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 2007
3 months 6 months 12 months 12 months Total
£m £m £m £m £m
UK based companies and branches
Certificates of deposit 18,747 4,832 1,897 1,064 26,540
Other time deposits 98,943 6,467 3,734 12,085 121,229
Overseas based companies and branches
Certificates of deposit 39,039 6,797 2,213 27,683 75,732
Other time deposits 131,701 12,745 5,077 13,227 162,750
Total 288,430 30,841 12,921 54,059 386,251