Barclays 2011 Annual Report Download - page 231

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20 Fair value of financial instruments continued
Level 3 classification
The following table shows Level 3 financial assets and liabilities disaggregated by balance sheet classification and product type.
Level 3 financial assets and liabilities by balance sheet classification and product type
Non-derivative assets Non-derivative liabilities Derivatives
Trading
portfolio
assets
£m
Financial
assets
designated at
fair value
£m
Available for
sale assets
£m
Trading
portfolio
liabilities
£m
Financial
liabilities
designated at
fair value
£m
Net derivative
financial
instrumentsa
£m
As at 31 December 2011
Commercial real estate loans – 2,452 – – – –
Asset backed products 3,306 693 252 (1) (13) 495
Other credit products – 196 – – (1,007) 1,432
Derivative exposure to monoline insurers – – – – – 1,129
Non-asset backed debt instruments 3,953 223 36 (5) (2,081) 1
Equity products 115 – 15 – – (582)
Private equity – 2,238 589 – – –
Funds and fund-linked products 1,258 32 ––––
Foreign exchange products 6 ––––264
Interest rate products –3 –––340
Commodity products – – 18 – (35) (201)
Other 566 2,842 1,963 – – (192)
Total 9,204 8,679 2,873 (6) (3,136) 2,686
As at 31 December 2010
Commercial real estate loans – 5,424 ––––
Asset backed products 1,720 364 312 (5) (17) 342
Other credit products – 237 – (4) (716) 262
Derivative exposure to monoline insurers –––––1,449
Non-asset backed debt instruments 2,460 325 168 (1) (2,690) (25)
Equity products 135 – 27 – – (579)
Private equity 50 1,995 799 – – –
Funds and fund-linked products 1,084 –––––
Foreign exchange products –––––265
Interest rate products – 61 – – (27) 1,294
Commodity products – 14 4 – (161) 7
Other 292 2,484 1,980 (91) (26) (187)
Total 5,741 10,904 3,290 (101) (3,637) 2,828
Note
a The derivative financial instruments in the tables above are represented on a net basis. On a gross basis derivative financial assets as at 31 December 2011 totalled £11,267m (2010:
£9,082m) and derivative financial liabilities totalled £8,581m (2010: £6,254m).
Barclays PLC Annual Report 2011 www.barclays.com/annualreport 229
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