RBS 2013 Annual Report Download - page 353
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Business review Risk and balance sheet management
351
Italy
AFS and HFT Off-
LAR debt AFS debt securities Total debt Net Balance balance Total Gross
Lending REIL Provisions securities reserves Long Short securities Derivatives SFT sheet sheet exposure Derivatives SFT
2013 £m £m £m £m £m £m £m £m £m £m £m £m £m £m £m
Government — — — 428 (43) 4,403 3,218 1,613 63 — 1,676 — 1,676 71 —
Central bank 22 — — — — — — — — — 22 — 22 — —
Other banks 64 — — — — 40 66 (26) 1,291 — 1,329 7 1,336 6,220 527
Other FI 548 — — 91 — 52 6 137 206 — 891 440 1,331 210 —
Corporate 968 88 46 — — 48 13 35 214 — 1,217 1,503 2,720 682 —
Personal 26 — — — — — — — — — 26 12 38 — —
1,628 88 46 519 (43) 4,543 3,303 1,759 1,774 — 5,161 1,962 7,123 7,183 527
2012
Government 9 — — 408 (81) 2,781 2,224 965 80 — 1,054 — 1,054 131 —
Central bank 21 — — — — — — — — — 21 — 21 — —
Other banks 222 — — 125 (8) 42 54 113 1,454 — 1,789 15 1,804 8,428 3
Other FI 707 — — 357 (1) 23 1 379 100 — 1,186 686 1,872 100 —
Corporate 1,533 34 5 87 2 85 22 150 724 — 2,407 1,956 4,363 994 —
Personal 23 — — — — — — — — — 23 12 35 — —
2,515 34 5 977 (88) 2,931 2,301 1,607 2,358 — 6,480 2,669 9,149 9,653 3
2011
Government — — — 704 (220) 4,336 4,725 315 90 — 405 — 405 142 —
Central bank 73 — — — — — — — — — 73 — 73 — —
Other banks 233 — — 119 (14) 67 88 98 1,063 — 1,394 28 1,422 9,117 305
Other FI 488 — — 685 (15) 40 13 712 758 — 1,958 1,489 3,447 760 —
Corporate 2,454 361 113 75 — 58 — 133 470 — 3,057 1,968 5,025 997 —
Personal 23 — — — — — — — — — 23 13 36 — —
3,271 361 113 1,583 (249) 4,501 4,826 1,258 2,381 — 6,910 3,498 10,408 11,016 305
CDS by reference entity
2013 2012 2011
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 11,915 11,800 506 (707) 13,181 13,034 717 (754) 12,125 12,218 1,750 (1,708)
Other banks 839 730 (19) 20 3,537 3,488 163 (139) 6,078 5,938 1,215 (1,187)
Other FI 194 170 (4) 4 921 895 17 (12) 872 762 60 (51)
Corporate 752 470 (23) 19 2,927 2,598 48 (37) 4,742 4,299 350 (281)
13,700 13,170 460 (664) 20,566 20,015 945 (942) 23,817 23,217 3,375 (3,227)
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
2013 £m £m £m £m £m £m £m £m £m £m
Banks 1,862 60 5,754 261 2,529 5 — — 10,145 326
Other FI 542 6 2,966 128 — — 47 — 3,555 134
2,404 66 8,720 389 2,529 5 47 — 13,700 460
2012
Banks 2,146 83 7,969 441 3,281 105 — — 13,396 629
Other FI 2,318 107 4,469 197 271 12 112 — 7,170 316
4,464 190 12,438 638 3,552 117 112 — 20,566 945