RBS 2011 Annual Report Download - page 128

126 RBS Group 2011
Balance sheet management: Liquidity and funding risk continued
Conduits continued
The Group has not utilised its own-asset conduit with a committed liquidity of £26 billion (2010 - £26 billion) to access the Bank of England’s open
market operations for contingent funding purposes. This conduit is not included above, or in the tables on pages 126 and 127.
Collateral analysis, profile, credit ratings and weighted average lives relating to the Group’s consolidated conduits are detailed below.
Funded assets
Loans Securities Total
Undrawn
commitments
to fund assets
Liquidity
from third
parties
Total
exposure
2011 £m £m £m £m £m £m
Auto loans 3,663 390 4,053 2,241 — 6,294
Corporate loans 146 72 218 16 — 234
Credit card receivables 865 — 865 699 — 1,564
Trade receivables 1,136 126 1,262 649 — 1,911
Student loans 488 — 488 352 — 840
Consumer loans 1,362 — 1,362 101 — 1,463
Mortgages
- prime 2,239 — 2,239 308 — 2,547
- non-conforming 727 — 727 34 — 761
- commercial 21 489 510 8 — 518
Other 760 617 1,377 331 — 1,708
11,407 1,694 13,101 4,739 — 17,840
2010
Auto loans 4,943 346 5,289 2,964 — 8,253
Corporate loans 115 2,340 2,455 106 — 2,561
Credit card receivables 2,088 — 2,088 1,209 — 3,297
Trade receivables 761 — 761 1,090 — 1,851
Student loans 757 — 757 532 (132) 1,157
Consumer loans 1,889 — 1,889 111 — 2,000
Mortgages
- prime 2,569 3 2,572 752 — 3,324
- non-conforming 1,371 — 1,371 20 — 1,391
- sub-prime 103 — 103 19 — 122
- commercial 210 450 660 76 (21) 715
Other 1,072 997 2,069 (1) (10) 2,058
15,878 4,136 20,014 6,878 (163) 26,729
2009
Auto loans 4,293 356 4,649 2,526 — 7,175
Corporate loans 106 7,695 7,801 161 — 7,962
Credit card receivables 4,083 — 4,083 1,058 — 5,141
Trade receivables 806 — 806 1,351 — 2,157
Student loans 915 — 915 263 (132) 1,046
Consumer loans 1,686 — 1,686 222 — 1,908
Mortgages
- prime 2,739 3 2,742 750 — 3,492
- non-conforming 1,548 — 1,548 193 — 1,741
- commercial 413 458 871 155 (22) 1,004
Other 872 1,393 2,265 232 (12) 2,485
17,461 9,905 27,366 6,911 (166) 34,111
Business review Risk and balance sheet management continued