Barclays 2004 Annual Report Download - page 173

37 Derivatives and other financial instruments
The Group’s objectives and policies in managing the risks that arise in connection with the use of financial instruments are set out on pages 44
to 48 under the headings ‘Risk Management and Control – Overview’; ‘Market Risk Management’ and ‘Treasury Asset and Liability Management’.
Short-term debtors and creditors are included in the following interest rate repricing and non-trading currency risk tables. All other disclosures
in Note 37 exclude these short-term balances.
Interest rate sensitivity gap analysis
The table below summarises the repricing profiles of the Group’s non-trading book as at 31st December 2004. Items are allocated to time bands
by reference to the earlier of the next contractual interest rate repricing date and the maturity date.
Interest rate repricing – as at 31st December 2004
Over three Over Over Over Over
months but six months one year three years five years
Not more not more but not but not but not but not Over Non-
than three than six more than more than more than more than ten interest Trading
months months one year three years five years ten years years bearing balances Total
£m £m £m £m £m £m £m £m £m £m
Interest rate sensitivity
Assets:
Treasury bills and other
eligible bills 500 144 26 41––––5,947 6,658
Loans and advances
to banks 1,855 143 7 403 12 3 – 258 72,450 75,131
Loans and advances
to customers 110,267 5,526 8,019 12,739 5,653 3,134 4,956 78 104,574 254,946
Debt securities
and equity shares 420 100 64 635 291 87 10 717 137,270 139,594
Other assets 899––––––12,705 23,778 37,382
Total assets 113,941 5,913 8,116 13,818 5,956 3,224 4,966 13,758 344,019 513,711
Liabilities:
Deposits by banks 5,217 353 2 364 459 – – 1 104,628 111,024
Customer accounts 125,575 1,580 1,516 998 78 33 208 15,590 72,140 217,718
Debt securities in issue 7,038 222 225 1,178 25 – 207 – 58,911 67,806
Other liabilities –––––––10,445 76,123 86,568
Loan capital and other
subordinated liabilities 2,523 432 108 25 849 3,853 4,487 – – 12,277
Minority interests and
shareholders’ funds –––––––18,318 – 18,318
Internal funding of
trading business (21,620) (1,073) (523) 249 221 245 426 (10,142) 32,217 –
Total liabilities 118,733 1,514 1,328 2,814 1,632 4,131 5,328 34,212 344,019 513,711
Off balance sheet items (10,564) (18,855) 3,257 9,488 10,654 4,762 1,258–––
Interest rate
repricing gap (15,356) (14,456) 10,045 20,492 14,978 3,855 896 (20,454) – –
Cumulative gap (15,356) (29,812) (19,767) 725 15,703 19,558 20,454–––
Total assets and liabilities exclude retail life-fund assets and liabilities. These are not relevant in considering the interest rate risk of the Group.
Trading balances for the purposes of this table are those, within Barclays Capital, where the risk is managed by DVaR (see page 173).
Barclays PLC Annual Report 2004
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