RBS 2013 Annual Report Download - page 354
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Business review Risk and balance sheet management
352
Country risk continued
Country exposure continued
Portugal
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 — — — — — 73 52 21 14 — 35 — 35 14 —
Other banks — — — 71 (5) 12 7 76 234 — 310 — 310 301 614
Other FI 56 — — 1 — 17 — 18 40 — 114 29 143 40 —
Corporate 327 127 99 21 — — — 21 63 — 411 243 654 63 —
Personal 6 — — — — — — — — — 6 8 14 — —
389 127 99 93 (5) 102 59 136 351 — 876 280 1,156 418 614
2012
Government — — — 72 (18) 28 15 85 17 — 102 — 102 17 —
Other banks — — — 66 (12) 5 — 71 380 — 451 — 451 481 26
Other FI 128 — — 1 — 21 11 11 38 — 177 34 211 38 —
Corporate 450 253 188 41 — 7 — 48 79 — 577 290 867 82 —
Personal 7 — — — — — — — — — 7 8 15 — —
585 253 188 180 (30) 61 26 215 514 — 1,314 332 1,646 618 26
2011
Government — — — 56 (59) 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 — 42 192 234 30 —
Corporate 495 27 27 42 1 18 — 60 82 — 637 258 895 82 —
Personal 5 — — — — — — — — — 5 8 13 — —
510 27 27 194 (94) 73 154 113 520 — 1,143 460 1,603 634 217
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 3,068 3,017 217 (240) 3,182 3,134 302 (275) 3,304 3,413 997 (985)
Other banks 99 91 (1) 3 856 863 31 (30) 1,197 1,155 264 (260)
Other FI 16 13 — (1) 149 148 6 (7) 8 5 1 (1)
Corporate 358 284 (18) 13 1,054 948 5 (10) 366 321 68 (48)
3,541 3,405 198 (225) 5,241 5,093 344 (322) 4,875 4,894 1,330 (1,294)
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 497 32 1,350 61 348 26 — — 2,195 119
Other FI 420 9 893 70 — — 33 — 1,346 79
917 41 2,243 131 348 26 33 — 3,541 198
2012
Banks 502 34 1,962 135 498 46 — — 2,962 215
Other FI 916 42 1,226 89 105 (2) 32 — 2,279 129
1,418 76 3,188 224 603 44 32 — 5,241 344