MetLife 2008 Annual Report Download - page 225

Short-term and Long-term Debt, Collateral Financing Arrangements, Junior Subordinated Debt Securities — The estimated fair values
of short-term and long-term debt, collateral financing arrangements and junior subordinated debt securities are determined by discounting
expected future cash flows using risk rates currently available for debt with similar terms and remaining maturities.
Payables for Collateral Under Securities Loaned and Other Transactions — The estimated fair value for payables for collateral under
securities loaned and other transactions approximates carrying value.
Assets and Liabilities of Subsidiaries Held-For-Sale — The carrying values of assets and liabilities of subsidiaries held-for-sale reflect
those assets and liabilities which were previously determined to be financial instruments and which were reflected in other financial
statement captions in the table above in previous periods but have been reclassified to this caption to reflect the discontinued nature of the
operations. The estimated fair value of the assets and liabilities of subsidiaries held-for-sale have been determined on a basis consistent
with similar instruments as described herein.
Derivative Financial Instruments — The estimated fair value of derivative financial instruments, including financial futures, financial
forwards, interest rate, credit default and foreign currency swaps, foreign currency forwards, caps, floors, and options are based upon
quotations obtained from dealers or other reliable sources. See Note 4 for derivative fair value disclosures.
F-102 MetLife, Inc.
MetLife, Inc.
Notes to the Consolidated Financial Statements — (Continued)