RBS 2012 Annual Report Download - page 270

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Business review Risk and balance sheet management continued
Country risk: Country risk exposure continued
Portugal
HFT
debt securities Net Gross
Lending REIL Provisions
AFS and
LAR debt
securities
AFS
reserves Long Short
Total debt
securities Derivatives Repos
Balance
sheet
Off-
balance
sheet Total Derivatives Repos
2012 £m £m £m £m £m £m £m £m £m £m £m £m £m £m £m
Government — — — 72 (18) 28 15 85 17 — 102 — 102 17 —
Other banks — — — 66 (12)5 — 71 380 — 451 — 451 481 26
Other FI — — — 1 — 21 11 11 38 — 49 3 52 38 —
Corporate 336 253 188 41 — 7 — 48 79 — 463 247 710 82 —
Personal 7 — — — — — — — — — 7 8 15 — —
343 253 188 180 (30)61 26 215 514 — 1,072 258 1,330 618 26
2011
Government — — — 56 (58) 36 152 (60)19 — (41)— (41)25 —
Other banks 10 — — 91 (36) 12 2 101 389 — 500 2 502 497 217
Other FI — — — 5 — 7 — 12 30 — 42 — 42 30 3
Corporate 495 27 27 42 1 18 — 60 81 — 636 258 894 81 —
Personal 5 — — — — — — — — — 5 8 13 — —
510 27 27 194 (93) 73 154 113 519 — 1,142 268 1,410 633 220
2010
Government 86 — — 92 (26) 68 122 38 29 — 153 211 364 45 —
Other banks 63 — — 106 (24) 46 2 150 307 — 520 2 522 452 782
Other FI — — — 47 — 7 — 54 7 — 61 1 62 7 —
Corporate 611 27 21 — 1 —
— — 51 — 662 512 1,174 51 —
Personal 6 — — — — — — — — — 6 8 14 — —
766 27 21 245 (49) 121 124242 394 — 1,402 734 2,136 555 782
CDS by reference entity
2012 2011 2010
Notional Fair value Notional Fair value Notional Fair value
Bought Sold Bought Sold Bought Sold Bought Sold Bought Sold Bought Sold
£m £m £m £m £m £m £m £m £m £m £m £m
Government 3,182 3,134 302 (275) 3,304 3,413 997 (985) 2,844 2,923 471 (460)
Other banks 856 863 31 (30)1,197 1,155 264 (260)1,085 1,107 231 (243)
Other FI 8
5 — (1)8 5 1 (1)9 6 (1)—
Corporate 426 353 3 (7) 366 321 68 (48) 581 507 48 (29)
4,472 4,355 336 (313) 4,875 4,894 1,330 (1,294) 4,519 4,543 749 (732)
CDS bought protection: counterparty analysis by internal asset quality band
AQ1 AQ2-AQ3 AQ4-AQ9 AQ10 Total
Notional Fair value Notional Fair value Notional Fair value Notional Fair value Notional Fair value
2012 £m £m £m £m £m £m £m £m £m £m
Banks 480 34 1,805 133 460 45 — — 2,745 212
Other FI 534 38 1,126 88 35 (2)32 — 1,727 124
1,014 72 2,931 221 495 43 32 — 4,472 336
2011
Banks 2,922 786 46 12 — — — — 2,968 798
Other FI 1,874 517 — — 33 15 — — 1,907 532
4,796 1,303 46 12 33 15 — — 4,875 1,330