RBS 2009 Annual Report Download - page 162

Business review continued
RBS Group Annual Report and Accounts 2009160
2009 2008
ASF (1) ASF (1) Weighting
Structural term liabilities £bn £bn £bn £bn %
Equity 80 80 62 62 100
Wholesale lending > 1 year 144 144 149 149 100
Wholesale lending < 1 year 249 — 343 — —
Derivatives 422 — 969 — —
Repos 106 — 142 — —
Customer deposits 415 353 460 391 85
Others (deferred tax, insurance liabilities, etc) 106 — 94 — —
Total liabilities and equity 1,522 577 2,219 602
Structural term assets
Cash 52 — 12 — —
Inter bank lending 49 —71 — —
Government and corporate bonds 249 50 253 51 20
Derivatives 438 — 991 — —
Reverse repos 76 — 98 — —
Advances < 1 year 139 69 173 87 50
Advances >1 year 416 416 518 518 100
Others (prepayments, accrued income, deferred taxation) 103 103 103 103 100
1,522 638 2,219 759
Net stable funding ratio 90% 79%
Note:
(1) ASF means available stable funding.
* unaudited
Funding and liquidity risk continued
Net stable funding ratio*
The net stable funding ratio shown below is assessed using the
proposed Basel measure. This measure seeks to show the proportion of
structural term assets which are funded by stable funding including
customer deposits, long-term wholesale funding, and equity. Through the
course of 2009, the measure has improved from 79% at 31 December
2008 to 90% at 31 December 2009. Over time this will be reviewed as
proposals are developed and industry standards implemented.