RBS 2012 Annual Report Download - page 276

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Business review Risk and balance sheet management continued
Country risk: Country risk exposure continued
Germany
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 — — — 8,103 453 5,070 1,592 11,581 533 — 12,114 735 12,849 1,656 —
Central bank 20,018 — — — — — — — — — 20,018 — 20,018 — —
Other banks 660 — — 668 10 280 332 616 5,558 183 7,017 139 7,156 50,998 4,935
Other FI 460 — — 285 (23) 95 30 350 3,046 116 3,972 933 4,905 3,911 3,066
Corporate 3,756 460 152 207 14 11 2 216 339 24 4,335 5,462 9,797 637 406
Personal 83 1 — — — — — — — — 83 25 108 — —
24,977 461 152 9,263 454 5,456 1,956 12,763 9,476 323 47,539 7,294 54,833 57,202 8,407
2011
Government — — — 12,035 523 4,136 2,084 14,087 423 — 14,510 2 14,512 1,284 164
Central bank 18,068 — — — — — — — 2 — 18,070 — 18,070 2 —
Other banks 653 — — 1,376 5 294 761 909 5,886 117 7,565 284 7,849 62,744 4,277
Other FI 305 — — 563 (33) 187 95 655 3,272 49 4,281 1,116 5,397 3,657 1,659
Corporate 6,608 191 80 109 9 14 7 116 586 — 7,310 6,103 13,413 963 42
Personal 155 19 19 — — — — — — — 155 22 177 — —
25,789 210 99 14,083 504 4,631 2,947 15,767 10,169 166 51,891 7,527 59,418 68,650 6,142
2010
Government — — — 10,648 1 5,964 4,124 12,488 160 — 12,648 — 12,648 805 18
Central bank 10,894 — — — — — — — 4 6,229 17,127 — 17,127 4 6,229
Other banks 1,060 — — 1,291 3 567 481 1,377 5,943 346 8,726 250 8,976 52,483 2,854
Other FI 422 — — 494 (47) 195 17 672 1,860 91 3,045 740 3,785 2,478 3,006
Corporate 7,519 163 44 219 4 44 53 210 633 — 8,362 7,905 16,267 1,368 —
Personal 162 — — — — — — — — — 162 22 184 — —
20,057 163 44 12,652 (39) 6,770 4,675 14,747 8,600 6,666 50,070 8,917 58,987 57,138 12,107
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 4,288 4,191 4 — 2,631 2,640 76 (67) 2,056 2,173 25 (19)
Other banks 2,849 2,696 13 (11)4,765 4,694 307 (310) 3,848 3,933 73 (88)
Other FI 2,385 2,172 (16) 18 3,653 3,403 7 (2)2,712 2,633 (18) 18
Corporate 10,526 9,644 (257) 261 20,433 18,311 148 (126) 20,731 19,076 (382)372
20,048 18,703 (256) 268 31,482 29,048 538 (505) 29,347 27,815 (302)283
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 1,968 (22)6,263 (87) 940 (7) — — 9,171 (116)
Other FI 5,047 (70)5,103 (55) 727 (15) — — 10,877 (140)
7,015 (92)11,366 (142)1,667 (22) — — 20,048 (256)
2011
Banks 14,644 171 163 4 8 — — — 14,815 175
Other FI 16,315 357 18 — 334 6 — — 16,667 363
30,959 528 181 4 342 6 — — 31,482 538