Goldman Sachs 2012 Annual Report Download - page 141

Notes to Consolidated Financial Statements
in millions OTC Derivatives as of December 2011
Assets
Product Type
0-12
Months
1-5
Years
5 Years or
Greater Total
Interest rates $10,931 $32,194 $ 82,480 $ 125,605
Credit 3,054 15,468 13,687 32,209
Currencies 11,253 11,592 16,023 38,868
Commodities 5,286 5,931 147 11,364
Equities 6,663 7,768 7,468 21,899
Netting across product types 1(3,071) (6,033) (6,027) (15,131)
Subtotal $34,116 $66,920 $113,778 214,814
Cross maturity netting 2(22,562)
Cash collateral netting 3(118,104)
Total $ 74,148
Liabilities
Product Type
0-12
Months
1-5
Years
5 Years or
Greater Total
Interest rates $ 5,787 $18,607 $37,739 $ 62,133
Credit 1,200 6,957 3,894 12,051
Currencies 9,826 5,514 6,502 21,842
Commodities 6,322 5,174 2,727 14,223
Equities 3,290 4,018 4,246 11,554
Netting across product types 1(3,071) (6,033) (6,027) (15,131)
Subtotal $23,354 $34,237 $49,081 106,672
Cross maturity netting 2(22,562)
Cash collateral netting 3(28,829)
Total $ 55,281
1. Represents the netting of receivable balances with payable balances for the same counterparty across product types within a tenor category under enforceable
netting agreements. Receivable and payable balances with the same counterparty in the same product type and tenor category are netted within such product type
and tenor category.
2. Represents the netting of receivable balances with payable balances for the same counterparty across tenor categories under enforceable netting agreements.
3. Represents the netting of cash collateral received and posted on a counterparty basis under credit support agreements.
Goldman Sachs 2012 Annual Report 139