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www.barclays.com/annualreport09 Barclays PLC Annual Report 2009 219

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

Notes 46 to 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 2009 2008

Notional Notional

contract Fair value contract Fair value

amount Assets Liabilities amount Assets Liabilities

£m £m £m £m £m £m

Foreign exchange derivatives

Forward foreign exchange 1,457,271 18,148 (18,019) 1,374,108 44,631 (46,371)

Currency swaps 810,666 26,008 (32,357) 828,983 47,077 (53,116)

OTC options bought and sold 539,976 7,332 (7,321) 426,739 15,405 (14,331)

OTC derivatives 2,807,913 51,488 (57,697) 2,629,830 107,113 (113,818)

Exchange traded futures – bought and sold 2,035 – – 8,008 – –

Exchange traded options – bought and sold 28,220 – – 1,295 – –

Foreign exchange derivatives 2,838,168 51,488 (57,697) 2,639,133 107,113 (113,818)

Interest rate derivatives

Interest rate swaps 9,408,811 193,133 (179,744) 17,624,591 498,661 (496,292)

Forward rate agreements 4,436,628 3,595 (3,289) 4,377,619 8,853 (8,224)

OTC options bought and sold 5,113,613 63,647 (61,304) 5,598,960 105,743 (101,005)

OTC derivatives 18,959,052 260,375 (244,337) 27,601,170 613,257 (605,521)

Exchange traded futures – bought and sold 547,685 – – 586,312 – –

Exchange traded options – bought and sold 272,960 – – 276,752 – –

Exchange traded swaps 13,424,261 – – 9,411,001 – –

Interest rate derivatives 33,203,958 260,375 (244,337) 37,875,235 613,257 (605,521)

Credit derivatives

Swaps 2,016,796 56,295 (51,780) 4,129,244 184,072 (170,011)

Equity and stock index derivatives

OTC options bought and sold 124,944 13,042 (15,681) 180,157 19,576 (19,998)

Equity swaps and forwards 45,922 2,057 (1,718) 51,267 3,432 (2,819)

OTC derivatives 170,866 15,099 (17,399) 231,424 23,008 (22,817)

Exchange traded futures – bought and sold 57,565 – – 38,340 – –

Exchange traded options – bought and sold 130,885 2,631 (2,371) 121,712 5,551 (3,109)

Equity and stock index derivatives 359,316 17,730 (19,770) 391,476 28,559 (25,926)

Commodity derivatives

OTC options bought and sold 92,508 4,262 (4,215) 78,680 6,565 (10,261)

Commodity swaps and forwards 252,621 22,872 (22,012) 407,015 38,316 (35,556)

OTC derivatives 345,129 27,134 (26,227) 485,695 44,881 (45,817)

Exchange traded futures – bought and sold 312,883 2,436 (2,008) 165,564 3,953 (2,745)

Exchange traded options – bought and sold 55,729 180 (200) 54,435 161 (233)

Commodity derivatives 713,741 29,750 (28,435) 705,694 48,995 (48,795)

Derivative assets/(liabilities) held for trading 39,131,979 415,638 (402,019) 45,740,782 981,996 (964,071)