Barclays 2014 Annual Report Download - page 284

282 I Barclays PLC Annual Report 2014 barclays.com/annualreport
Notes to the financial statements
Assets and liabilities held at fair value
18 Fair value of financial instruments continued
The following table shows the Group’s assets and liabilities that are held at fair value disaggregated by valuation technique (fair value hierarchy)
and product type:
Assets and liabilities held at fair value by product type
Assets
Valuation technique using
Liabilities
Valuation technique using
Quoted
market
prices
(Level 1)
£m
Observable
inputs
(Level 2)
£m
Significant
unobservable
inputs
(Level 3)
£m
Quoted
market
prices
(Level 1)
£m
Observable
inputs
(Level 2)
£m
Significant
unobservable
inputs
(Level 3)
£m
As at 31 December 2014
Interest rate derivatives – 308,706 1,239 (5) (299,181) (1,344)
Foreign exchange derivatives 4 74,358 108 (3) (79,188) (138)
Credit derivativesa– 21,541 1,966 – (21,958) (409)
Equity derivatives 3,847 9,750 1,247 (3,719) (13,780) (2,092)
Commodity derivatives 6,012 10,946 185 (6,586) (10,580) (337)
Government and government sponsored debt 62,577 48,296 1,014 (11,563) (14,002) (346)
Corporate debt 151 22,036 3,061 – (3,572) (13)
Certificates of deposit, commercial paper and other money market
instruments 78 921 – (4) (6,276) (665)
Reverse repurchase and repurchase agreements – 5,236 – – (5,423) –
Non asset backed loans 1 2,462 17,744 – – –
Asset backed securities 30 16,211 1,631 – (67) –
Commercial real estate loans – – 1,180 – – –
Issued debt – – – (10) (40,592) (749)
Equity cash products 40,252 7,823 171 (15,276) (699) –
Funds and fund linked products – 2,644 631 – (2,060) (210)
Physical commodities 4 1,447 – – (363) –
Otherb70 1,530 17,663 (2) (22) (13,297)
Total 113,026 533,907 47,840 (37,168) (497,763) (19,600)
As at 31 December 2013
Interest rate derivatives – 231,218 1,031 – (217,517) (1,046)
Foreign exchange derivatives – 60,111 117 – (64,715) (86)
Credit derivativesa– 25,150 2,200 (26) (26,262) (780)
Equity derivatives 3,353 11,665 1,266 (3,926) (16,237) (1,867)
Commodity derivatives 1,471 12,319 399 (1,675) (12,441) (540)
Government and government sponsored debt 53,518 63,627 220 (17,833) (17,758) –
Corporate debt 1,005 34,247 3,040 (63) (5,247) (12)
Certificates of deposit, commercial paper and other money market
instruments – 1,493 – (96) (5,303) (409)
Reverse repurchase and repurchase agreements – 5,323 – – (5,306) –
Non asset backed loans – 2,493 16,132 – – –
Asset backed securities – 15,141 2,112 – (105) –
Commercial real estate loans – – 1,198 – – –
Issued debt – 54 1 – (48,734) (1,164)
Equity cash products 45,547 397 168 (11,554) (704) –
Funds and fund linked products – 8,509 550 – (3,369) (54)
Physical commodities 1,155 3,048 – – (72) –
Otherb510 742 4,509 (2) (474) (1)
Total 106,559 475,537 32,943 (35,175) (424,244) (5,959)
Assets and liabilities reclassified between Level 1 and Level 2
There were no transfers between Level 1 and 2 during the year (2013: £34m).
Notes
a Credit derivatives includes derivative exposure to monoline insurers.
b Other includes non-current assets and liabilities held for sale, private equity investments, asset backed loans, US Lehman acquisition assets and investment property.