RBS 2013 Annual Report Download - page 470
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Notes on the consolidated accounts
468
29 Structured entities continued
Unconsolidated structured entities
The Group’s interests in unconsolidated structured entities are analysed below.
Asset backed
Asset backed securitisation
securitisation vehicles - Investment
vehicles - sponsored not sponsored funds Othe
r
Total
2013 £m £m £m £m £m
Held for trading
Loans and advances to customers 1 1 — 289 291
Debt securities 203 9,405 176 159 9,943
Equity shares — 1 622 — 623
Derivatives assets 261 142 22 1,334 1,759
Derivatives liabilities (112) — (140) (424) (676)
Total 353 9,549 680 1,358 11,940
Other than held-for-trading
Loans and advances to customers — 3,967 26 30 4,023
Debt securities 481 19,926 8 43 20,458
Total 481 23,893 34 73 24,481
Liquidity facilities/loan commitments 4 2,630 1 233 2,868
Guarantees — 83 — 9 92
Total exposure 838 36,155 715 1,673 39,381
Notes:
(1) Income from interests in unconsolidated structured entities includes interest receivable, changes in fair value and other income less impairments that may be required.
(2) A sponsored entity is a structured entity established by the Group where the Group provides liquidity and/or credit enhancements or provides ongoing services to the entity. The Group can act as
sponsor for its own or for customers’ transactions.
(3) In 2013 the Group transferred £2,119 million of assets into sponsored structured entities which are not consolidated by the Group and for which the Group held no interest at 31 December 2013. The
income arising from these entities was £192 million.