KeyBank 2014 Annual Report Download - page 116

European Sovereign and Non-Sovereign Debt Exposures
Our total European sovereign and non-sovereign debt exposure is presented in Figure 47.
Figure 47. European Sovereign and Non-Sovereign Debt Exposures
December 31, 2014
in millions
Short- and Long-
Term Commercial
Total (a)
Foreign Exchange
and Derivatives
with Collateral (b)
Net
Exposure
France:
Sovereigns ———
Non-sovereign financial institutions — $ (4) $ (4)
Non-sovereign non-financial institutions $35 — 35
Total 35 (4) 31
Germany:
Sovereigns ———
Non-sovereign financial institutions — (2) (2)
Non-sovereign non-financial institutions 200 — 200
Total 200 (2) 198
Greece:
Sovereigns ———
Non-sovereign financial institutions ———
Non-sovereign non-financial institutions ———
Total ———
Iceland:
Sovereigns ———
Non-sovereign financial institutions ———
Non-sovereign non-financial institutions ———
Total ———
Ireland:
Sovereigns ———
Non-sovereign financial institutions ———
Non-sovereign non-financial institutions 3—3
Total 3—3
Italy:
Sovereigns ———
Non-sovereign financial institutions ———
Non-sovereign non-financial institutions 58 — 58
Total 58 — 58
Netherlands:
Sovereigns ———
Non-sovereign financial institutions ———
Non-sovereign non-financial institutions 23 — 23
Total 23 — 23
Portugal:
Sovereigns ———
Non-sovereign financial institutions ———
Non-sovereign non-financial institutions ———
Total ———
Spain:
Sovereigns ———
Non-sovereign financial institutions ———
Non-sovereign non-financial institutions 47 — 47
Total 47 — 47
Switzerland:
Sovereigns ———
Non-sovereign financial institutions — (3) (3)
Non-sovereign non-financial institutions 83 — 83
Total 83 (3) 80
United Kingdom:
Sovereigns ———
Non-sovereign financial institutions —55
Non-sovereign non-financial institutions 118 — 118
Total 118 5 123
Other Europe: (c)
Sovereigns ———
Non-sovereign financial institutions ———
Non-sovereign non-financial institutions 102 — 102
Total 102 — 102
Total Europe:
Sovereigns ———
Non-sovereign financial institutions — (4) (4)
Non-sovereign non-financial institutions 669 — 669
Total $ 669 $ (4) $ 665
(a) This column represents our outstanding leases.
(b) This column represents contracts to hedge our balance sheet asset and liability needs, and to accommodate our clients’ trading and/or
hedging needs. Our derivative mark-to-market exposures are calculated and reported on a daily basis. These exposures are largely
covered by cash or highly marketable securities collateral with daily collateral calls.
(c) Other Europe consists of the following countries: Austria, Belarus, Belgium, Bulgaria, Cyprus, Czech Republic, Denmark, Finland,
Hungary, Lithuania, Luxembourg, Malta, Norway, Poland, Romania, Russia, Slovakia, Slovenia, Sweden, and Ukraine. Approximately
99% of our exposure in Other Europe is in Belgium, Finland, and Sweden.
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