Barclays 2008 Annual Report Download - page 218

Notes to the accounts
For the year ended 31st December 2008
216 Barclays PLC Annual Report 2008 |Find out more at www.barclays.com/annualreport08
14 Derivative financial instruments
The Group’s objectives and policies on managing the risks that arise in connection with derivatives, including the policies for hedging, are included in
Note 46 to Note 49.
The fair values and notional amounts of derivative instruments held for trading are set out in the following table:
Year ended 31st December
Derivatives held for trading 2008 2007
Notional Fair value Notional Fair value
contract contract
amount Assets Liabilities amount Assets Liabilities
£m £m £m £m £m £m
Foreign exchange derivatives
Forward foreign exchange 1,374,108 44,631 (46,371) 1,041,781 11,381 (11,629)
Currency swaps 828,983 47,077 (53,116) 562,682 15,617 (14,676)
OTC options bought and sold 426,739 15,405 (14,331) 464,575 3,350 (3,995)
OTC derivatives 2,629,830 107,113 (113,818) 2,069,038 30,348 (30,300)
Exchange traded futures – bought and sold 8,008 ––139,199 ––
Exchange traded options – bought and sold 1,295 ––132 ––
Foreign exchange derivatives 2,639,133 107,113 (113,818) 2,208,369 30,348 (30,300)
Interest rate derivatives
Interest rate swaps 17,624,591 498,661 (496,292) 11,758,215 111,746 (110,680)
Forward rate agreements 4,377,619 8,853 (8,224) 1,960,106 755 (738)
OTC options bought and sold 5,598,960 105,743 (101,005) 3,776,600 27,337 (26,944)
OTC derivatives 27,601,170 613,257 (605,521) 17,494,921 139,838 (138,362)
Exchange traded futures – bought and sold 586,312 ––903,516 ––
Exchange traded options – bought and sold 276,752 ––269,095 102 (64)
Exchange traded swaps 9,411,001 ––4,941,417 ––
Interest rate derivatives 37,875,235 613,257 (605,521) 23,608,949 139,940 (138,426)
Credit derivatives
Swaps 4,129,244 184,072 (170,011) 2,472,249 38,696 (35,814)
Equity and stock index derivatives
OTC options bought and sold 180,157 19,576 (19,998) 145,399 11,293 (15,743)
Equity swaps and forwards 51,267 3,432 (2,819) 36,149 1,057 (1,193)
OTC derivatives 231,424 23,008 (22,817) 181,548 12,350 (16,936)
Exchange traded futures – bought and sold 38,340 ––31,519 ––
Exchange traded options – bought and sold 121,712 5,551 (3,109) 30,930 848 (2,200)
Equity and stock index derivatives 391,476 28,559 (25,926) 243,997 13,198 (19,136)
Commodity derivatives
OTC options bought and sold 78,680 6,565 (10,261) 95,032 4,496 (4,720)
Commodity swaps and forwards 407,015 38,316 (35,556) 276,102 19,075 (18,039)
OTC derivatives 485,695 44,881 (45,817) 371,134 23,571 (22,759)
Exchange traded futures – bought and sold 165,564 3,953 (2,745) 228,465 ––
Exchange traded options – bought and sold 54,435 161 (233) 66,732 1,197 (943)
Commodity derivatives 705,694 48,995 (48,795) 666,331 24,768 (23,702)
Derivative assets/(liabilities) held for trading 45,740,782 981,996 (964,071) 29,199,895 246,950 (247,378)