RBS 2008 Annual Report Download - page 130

129
RBS Group Annual Report and Accounts 2008
2008 2007
Prime Prime
Sub-prime Guaranteed Covered Other Total Sub-prime Guaranteed Covered Other Total
Europe £m £m £m £m £ml £m £m £m £m £m
Net exposure
Held-for-trading 10 ——3,898 3,908 321 ——9,157 9,478
Available-for-sale 57 7,642 10,040 1,106 18,845 — 6,012 7,822 57 13,891
Loans and securities 313 ——208 521 —————
380 7,642 10,040 5,212 23,274 321 6,012 7,822 9,214 23,369
Carrying values
Held-for-trading 30 ——4,839 4,869 324 ——9,429 9,753
Available-for-sale 57 7,642 10,040 1,107 18,846 — 6,012 7,822 57 13,891
Loans and securities 352 ——208 560 —————
439 7,642 10,040 6,154 24,275 324 6,012 7,822 9,486 23,644
Of which originated in:
- 2004 and earlier 48 418 702 954 2,122 81 367 577 1,395 2,420
- 2005 17 1,165 2,993 1,090 5,265 33 1,117 2,160 1,946 5,256
- 2006 148 2,059 4,466 2,466 9,139 63 1,780 3,801 3,897 9,541
- 2007 and later 226 4,000 1,879 1,644 7,749 147 2,748 1,284 2,248 6,427
439 7,642 10,040 6,154 24,275 324 6,012 7,822 9,486 23,644
In other geographical regions not covered above, RMBS portfolios
included:
•net RMBS exposures of £314 million (2007 – £205 million) comprising:
held-for-trading nil (2007 – £73 million); available-for-sale £308 million
(2007 – £132 million) and loans and receivables £6 million (2007 – nil).
•RMBS carrying values of £381 million (2007 – £454 million)
comprising: held-for-trading £67 million (2007 – £322 million);
available-for-sale £308 million (2007 – £132) and loans and
receivables £6 million (2007 – nil).
•RMBS non-conforming available-for-sale net exposures and carry
values of nil (2007 – £68 million).