ING Direct 2004 Annual Report Download - page 101
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ING Group Annual Report 2004 99
OPEN CONTRACTS AS AT YEAR-END
Unweigh- Weighted Unweigh- Weighted
Notional Positive ted credit credit Notional Positive ted credit credit
amount fair value equivalent equivalent amount fair value equivalent equivalent
2004 2003
INTEREST-RATE CONTRACTS
Over-the-counter:
– swaps 1,181,207 17,009 22,040 5,049 961,211 15,207 19,914 4,700
– forwards 50,606 21 24 6 74,393 53 81 21
– options purchased 67,544 920 1,311 278 62,689 617 912 247
– options written 38,163 3 43,389 5
Listed:
– options purchased 2,275 4,366
– options written 2,990 2,278
– futures 38,087 43,614
CURRENCY CONTRACTS
Over-the-counter:
– swaps 66,808 2,691 6,072 1,507 40,589 1,344 3,109 861
– forwards 211,727 4,710 7,242 1,761 205,476 4,311 6,852 1,736
– options purchased 16,455 413 599 141 29,543 681 1,051 245
– options written 19,174 16,207
Listed:
– options purchased 123 375
– options written 136 317
– futures 1,400 541
EQUITY CONTRACTS
Over-the-counter:
– swaps 13,692 298 1,127 295 7,350 267 714 213
– forwards 110 1
– options purchased 8,323 708 1,406 394 7,182 608 1,130 361
– options written 2,876 4,891
Listed:
– options purchased 9,477 725 13,862 646
– options written 8,222 12,304
– futures 377 1,056
1,739,663 27,498 39,821 9,431 1,531,643 23,739 33,764 8,384
Effect of contractual netting -13,413 -16,810 -3,678 -12,441 -15,277 -3,706
14,085 23,011 5,753 11,298 18,487 4,678
Collateral held but not meeting the criteria for contractual netting, would additionally reduce the total weighted credit
equivalent as at 31 December 2004 with an amount of EUR 573 million (2003: EUR 362 million).