DHL 2000 Annual Report Download - page 130

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The increase in interest and currency-related trans-
actions results from the merger of DSL Bank into
Deutsche Postbank. The stock-related transactions
result from the inventory of the former DSL Bank.
In the presentation of our derivative business,we are
following the recommendation of the German asso-
ciation of public sector banks. The nominal values
represent the gross volume of all purchases and sales
combined. This value is a reference value for deter-
mining the mutually agreed settlement payments.The
value cannot be compared with the receivables and
liabilities reported in the balance sheet.
M arktw erte (Fair Values) der originären Finanz
M arket values (fair values) of primary financial
instruments
In accordance with the provisions set out in IAS 32,
balance sheet and off-balance sheet financial instru-
ments must also be reported at fair values.According
to IAS 32,the fair value equals the amounts which
would be exchanged for an asset or paid for a liability
between professional,independent business partners
willing to enter into a respective contract at the balance
sheet date.
If an active market (e.g.stock exchange) exists for a fi-
nancial instrument, the fair value is expressed on the
basis of the market or exchange price at the balance
sheet date.Since an active market does not exist for
Nominal value Positive
market value
Negative
market value
122
Derivative business – counterparties
2000 1999
OECD banks 2,136 22
Public agencies within OECD 0 0
Other OECD counterparties 119 0
2,255 22
Derivative business – trading
2000 1999 2000 1999 2000 1999
Trading transactions 12,975 384 64 0 47 0
M arket values
Nominal value
M aturity 2000 1999 2000 1999 2000
Interest rate risks Currency risks Equity and other
price risks
1999
Derivative business – terms
Due within 3 months 10,047 1,420 2,900 571 0 0
Due within 1 year 15,759 1,245 1,200 208 76 0
Due within 5 years 39,650 1,409 3,984 36 11 0
Due after 5 years 25,292 410 1,261 0 0 0
Total 90,748 4,484 9,345 815 87 0
in € millions
in € millions
in € millions