RBS 2013 Annual Report Download - page 301
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Business review Risk and balance sheet management
299
Monoline insurers
The table below summarises the Group's monoline exposures.
Fair value:
Notional: reference Credit
protected protected Gross valuation Net Counterparty and
assets assets exposure adjustment Hedges exposure credit risk RWAs
£m £m £m £m £m £m £bn
2013 1,646 1,454 192 59 — 133 0.8
2012 4,582 4,021 561 192 12 357 1.2
2011 8,562 6,674 1,888 1,198 71 619 3.6
Credit derivative product companies (CDPCs)
The table below summarises the Group's exposures to CDPCs, all of which are in Non-Core.
Fair value:
Notional: reference Credit
protected protected Gross valuation Net Counterparty and
assets assets exposure adjustment exposure credit risk RWAs
£m £m £m £m £m £bn
2013 18,827 18,729 98 40 58 0.7
2012 20,989 20,435 554 314 240 2.0
2011 24,504 22,608 1,896 1,034 862 8.4
REIL, provisions and AFS reserves
Risk elements in lending (REIL) comprises impaired loans and accruing loans past due 90 days or more as to principal or interest. Impaired loans are all
loans (including loans subject to forbearance) for which an impairment provision has been established; for collectively assessed loans, impairment loss
provisions are not allocated to individual loans and the entire portfolio is included in impaired loans. Accruing loans past due 90 days or more comprise
loans past due 90 days where no impairment loss is expected and those awaiting individual assessment. A latent provision is established for the latter.
Divisional analysis
The tables below analyse gross loans and advances (excluding reverse repos) and the related credit metrics by division.
Credit metrics
REIL as a % Provisions Impairment charge
Gross loans to of gross loans as a % Of which Amounts
Banks Customers REIL Provisions to customers of REIL Total RCR (1) written-off
2013 £m £m £m £m % % £m £m* £m
UK Retail 760 113,152 3,566 2,106 3.2 59 319 — 815
UK Corporate 701 102,547 6,226 2,833 6.1 46 1,188 410 772
Wealth 1,531 16,764 277 120 1.7 43 29 — 15
International Banking 7,971 35,993 470 325 1.3 69 219 52 281
Ulster Bank 591 31,446 8,466 5,378 26.9 64 1,774 892 277
US Retail & Commercial 406 50,551 1,034 272 2.0 26 151 — 284
Retail & Commercial 11,960 350,453 20,039 11,034 5.7 55 3,680 1,354 2,444
Markets 12,579 25,455 338 286 1.3 85 21 18 46
Other 2,670 5,126 1 66 — nm 65 — —
Core 27,209 381,034 20,378 11,386 5.3 56 3,766 1,372 2,490
Non-Core 431 36,718 19,014 13,839 51.8 73 4,646 3,118 1,856
Group 27,640 417,752 39,392 25,225 9.4 64 8,412 4,490 4,346
nm = not meaningful
Note:
(1) Pertaining to the creation of RCR and the related change of strategy.
*unaudited