RBS 2012 Annual Report Download - page 146

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Business review Risk and balance sheet management continued
Liquidity and funding risk: Analyses
Funding sources
The table below shows the Group’s principal funding sources excluding repurchase agreements.
2012 2011 2010
£m £m £m
Deposits by banks
derivative cash collateral 28,585 31,807 28,074
other deposits 28,489 37,307 38,243
57,074 69,114 66,317
Debt securities in issue
conduit asset-backed commercial paper (ABCP) — 11,164 17,320
other commercial paper (CP) 2,873 5,310 8,915
certificates of deposit (CDs) 2,996 16,367 37,855
medium-term notes (MTNs) 66,603 105,709 131,026
covered bonds 10,139 9,107 4,100
securitisations 11,981 14,964 19,156
94,592 162,621 218,372
Subordinated liabilities 27,302 26,319 27,053
Notes issued 121,894 188,940 245,425
Wholesale funding 178,968 258,054 311,742
Customer deposits
cash collateral 7,949 9,242 10,433
other deposits 426,043 427,511 420,433
Total customer deposits 433,992 436,753 430,866
Total funding 612,960 694,807 742,608
The table below shows the Group’s wholesale funding by source.
Short-term wholesale funding (1) Total wholesale funding Net inter-bank funding (2)
Excluding
derivative
collateral
Including
derivative
collateral
Excluding
derivative
collateral
Including
derivative
collateral Deposits Loans (3)
Net
inter-bank
funding
£bn £bn £bn £bn £bn £bn £bn
2012 41.6 70.2 150.4 179.0 28.5 (18.6) 9.9
2011 102.4 134.2 226.2258.1 37.3 (24.3) 13.0
2010 129.7 157.8 283.7 311.7 38.2 (31.3) 6.9
Notes:
(1) Short-term wholesale balances denote those with a residual maturity of less than one year and include longer-term issuances.
(2) Excludes derivative collateral.
(3) Primarily short-term balances.
Notes issued
The table below shows the Group’s debt securities in issue and subordinated liabilities by residual maturity.
Debt securities in issue
Conduit
ABCP
Other CP
and CDs MTNs
Covered
bonds Securitisations Total
Subordinated
liabilities
Total
notes issued
Total
notes issued
2012 £m £m £m £m £m £m £m £m %
Less than 1 year — 5,478 13,019 1,038 761 20,296 2,351 22,647 18
1-3 years — 385 20,267 2,948 540 24,140 7,252 31,392 26
3-5 years — 1 13,374 2,380 — 15,755 756 16,511 14
More than 5 years — 5 19,943 3,773 10,680 34,401 16,943 51,344 42
— 5,869 66,603 10,139 11,981 94,592 27,302 121,894 100
2011
Less than 1 year 11,164 21,396 36,302 — 27 68,889 624 69,513 37
1-3 years — 278 26,595 2,760 479 30,112 3,338 33,450 18
3-5 years — 2 16,627 3,673 — 20,302 7,232 27,534 14
More than 5 years — 1 26,185 2,674 14,458 43,318 15,125 58,443 31
11,164 21,677 105,709 9,107 14,964 162,621 26,319 188,940 100