AIG 2011 Annual Report Download - page 265
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American International Group, Inc.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
non-structured and structured liabilities to reflect AIG’s own creditworthiness based on observable credit spreads
of AIG.
Other Liabilities
Other liabilities measured at fair value include certain securities sold under agreements to repurchase and
certain securities and spot commodities sold but not yet purchased. Liabilities arising from securities sold under
agreements to repurchase are generally treated as collateralized borrowings. AIG estimates the fair value of
liabilities arising under these agreements by using market-observable interest rates. This methodology considers
such factors as the coupon rate, yield curves and other relevant factors. Fair values for securities sold but not yet
purchased are based on current market prices. Fair values of spot commodities sold but not yet purchased are
based on current market prices of reference spot futures contracts traded on exchanges.
AIG 2011 Form 10-K 251