RBS 2011 Annual Report Download - page 173

RBS Group 2011 171
Cross border exposures
Cross border exposures are loans and advances including finance leases
and instalment credit receivables and other monetary assets, such as
debt securities, including non-local currency claims of overseas offices on
local residents.
The Group monitors the geographical breakdown of these exposures
based on the country of domicile of the borrower or guarantor of ultimate
risk. Cross border exposures exclude exposures to local residents in local
currencies.
The table below sets out the Group’s cross border exposures greater
than 0.5% of the Group’s total assets. None of these countries have
experienced repayment difficulties that have required restructuring of
outstanding debt.
2011
Government
£m
Banks
£m
Other
£m
Total
£m
Short positions
£m
Net of short
positions
£m
United States 20,932 7,300 38,721 66,953 13,329 53,624
Germany 34,615 5,952 9,787 50,354 2,946 47,408
France 11,633 14,800 8,189 34,622 5,903 28,719
Japan 8,350 7,505 3,375 19,230 3,141 16,089
Netherlands 4,466 2,210 10,711 17,387 982 16,405
Spain 340 3,656 10,282 14,278 973 13,305
Italy 5,190 548 1,489 7,227 4,826 2,401
Republic of Ireland 665 3,287 2,759 6,711 68 6,643
Switzerland 1,335 3,282 1,492 6,109 25 6,084
China 1,589 2,669 1,849 6,107 — 6,107
Cayman Islands — 15 4,194 4,209 2 4,207
Belgium 1,662 1,285 1,222 4,169 726 3,443
2010
United States 21,201 14,382 36,813 72,396 14,240 58,156
Germany 22,962 6,276 10,467 39,705 4,685 35,020
France 17,293 16,007 6,756 40,056 4,285 35,771
Japan 7,983 6,962 7,542 22,487 409 22,078
Netherlands 2,900 3,055 10,824 16,779 951 15,828
Spain 1,401 4,248 11,589 17,238 1,357 15,881
Italy 6,409 1,083 2,188 9,680 3,183 6,497
Republic of Ireland 199 3,789 3,101 7,089 131 6,958
Switzerland 41,714 2,944 4,662 12 4,650
China 553 1,775 1,561 3,889 5 3,884
Cayman Islands 294 7,330 7,426 44 7,382
Belgium 1,461 752 2,806 5,019 606 4,413