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Notes on the consolidated accounts
418
11 Financial instruments - valuation continued
Financial instruments carried at fair value - valuation hierarchy
The following tables show financial instruments carried at fair value on the Group's balance sheet by valuation hierarchy - level 1, level 2 and level 3.
2013 2012 2011
Level 1 Level 2 Level 3 Total Level 1 Level 2 Level 3 Total Level 1 Level 2 Level 3 Total
£bn £bn £bn £bn £bn £bn £bn £bn £bn £bn £bn £bn
A
ssets
Loans and advances to banks
Reverse repos — 25.8 — 25.8 — 33.4 — 33.4 — 34.7 — 34.7
Derivative collateral — 9.6 — 9.6 — 12.8 — 12.8 — 19.7 — 19.7
Other — 0.1 0.3 0.4 — 0.1 0.4 0.5 — 0.2 0.4 0.6
— 35.5 0.3 35.8 — 46.3 0.4 46.7 — 54.6 0.4 55.0
Loans and advances to customers
Reverse repos — 49.9 — 49.9 — 70.0 — 70.0 — 53.6 — 53.6
Derivative collateral — 18.0 — 18.0 — 22.5 — 22.5 — 22.0 — 22.0
Other — 1.0 0.2 1.2 — 1.9 0.6 2.5 — 3.4 0.4 3.8
— 68.9 0.2 69.1 — 94.4 0.6 95.0 — 79.0 0.4 79.4
Debt securities
UK government 13.2 — — 13.2 15.6 0.1 — 15.7 22.4 — — 22.4
US government 18.2 5.6 — 23.8 31.0 5.4 — 36.4 35.5 5.0 — 40.5
Other government 25.2 7.9 0.1 33.2 34.4 8.9 — 43.3 53.9 8.7 — 62.6
Corporate — 1.8 0.3 2.1 — 2.2 0.1 2.3 — 5.0 0.5 5.5
Financial institutions 1.4 34.4 1.7 37.5 2.6 48.0 4.7 55.3 3.0 61.6 7.4 72.0
58.0 49.7 2.1 109.8 83.6 64.6 4.8 153.0 114.8 80.3 7.9 203.0
Of which ABS
RMBS (1) — 27.4 0.3 27.7 — 38.5 0.9 39.4 — 48.2 0.6 48.8
CMBS (2) — 3.7 — 3.7 — 3.7 — 3.7 — 2.1 0.1 2.2
CDO (3) — — 0.4 0.4 — 0.2 0.5 0.7 — 0.2 1.7 1.9
CLO (4) — 0.5 0.7 1.2 — 0.6 2.4 3.0 — 1.5 3.7 5.2
Other — 1.6 0.3 1.9 — 2.1 0.4 2.5 — 3.1 0.9 4.0
Equity shares 7.0 1.1 0.7 8.8 13.1 1.3 0.8 15.2 12.4 1.8 1.0 15.2
Derivatives
Foreign exchange — 60.6 1.3 61.9 — 61.7 1.4 63.1 — 72.9 1.6 74.5
Interest rate 0.1 216.5 1.4 218.0 0.1 362.7 0.6 363.4 0.2 420.8 1.1 422.1
Credit — 4.5 0.8 5.3 — 9.3 1.7 11.0 — 23.1 3.8 26.9
Equities and commodities — 2.8 — 2.8 — 4.3 0.1 4.4 — 5.9 0.2 6.1
0.1 284.4 3.5 288.0 0.1 438.0 3.8 441.9 0.2 522.7 6.7 529.6
65.1 439.6 6.8 511.5 96.8 644.6 10.4 751.8 127.4 738.4 16.4 882.2
Of which
Core 64.9 436.2 4.9 506.0 96.4 637.3 5.6 739.3 126.9 724.5 7.2 858.6
Non-Core 0.2 3.4 1.9 5.5 0.4 7.3 4.8 12.5 0.5 13.9 9.2 23.6
65.1 439.6 6.8 511.5 96.8 644.6 10.4 751.8 127.4 738.4 16.4 882.2
Proportion 12.7% 86.0% 1.3% 100.0% 12.9% 85.7% 1.4% 100.0% 14.4% 83.7% 1.9% 100.0%
A
FS debt securities included above
UK government 6.4 — — 6.4 8.0 — — 8.0 13.4 — — 13.4
US government 8.1 4.8 — 12.9 15.5 3.5 — 19.0 18.1 2.7 — 20.8
Other government 5.6 4.7 — 10.3 10.7 5.3 — 16.0 21.6 4.0 — 25.6
Corporate — 0.1 0.1 0.2 — 0.1 0.1 0.2 — 2.3 0.2 2.5
Financial institutions 0.7 21.5 1.1 23.3 0.5 27.1 2.9 30.5 0.2 39.3 5.5 45.0
20.8 31.1 1.2 53.1 34.7 36.0 3.0 73.7 53.3 48.3 5.7 107.3
For the notes to this table refer to page 421.