Barclays 2010 Annual Report Download - page 135

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Secured funding by asset class (audited) Govt
%
Agency
%
MBS
%
ABS
%
Corporate
%
Equity
%
Other
%
As at 31st December 2010 64793773
As at 31st December 2009 597761083
Note
a Includes £18.9bn of Group liquidity pool assets that have a contractual maturity of greater
than one year but can be used to generate short-term cash flows either through sale or
secured lending.
Barclays Capital (audited)
Barclays Capital manages its liquidity to be primarily funded through
wholesale markets, generating sufficient liquidity to ensure that potential
cash outflows in a stressed environment are covered. Much of the short
term funding is invested in highly liquid assets and central bank cash and
therefore contributes towards the Group liquidity pool.
Barclays Capital undertakes secured funding in the repo markets based
on liquidity characteristics. 66% (2009: 73%) of the inventory is funded
on a secured basis. Limits are in place for each security asset class
reflecting liquidity in the cash and financing markets for these assets.
The percentage of secured funding using each asset class as collateral
is set out below.
Unsecured wholesale funding for the Group (excluding Absa) is managed
by Barclays Capital within specific term limits. Excluding short term
deposits that are placed within the Group liquidity pool, the term of
unsecured liabilities has been extended, with average life improving from
at least 26 months at 31st December 2009 to at least 30 months at
31st December 2010.
Absa (audited)
Absa operates in a market with structural dependence on wholesale funding
sources. This dependence is a function of customer behaviours in relation
to savings in South Africa as a whole, where there is a higher concentration
of cash in investment funds than in bank savings. This structural shortfall
relating to bank savings is transparent and carefully monitored.
Behavioural maturity profile of assets and liabilities (audited)
Cash inflow/(outflow)
Funding
surplus
£bn
Not
more
than 1yra
£bn
Over
1yr but
not more
than 2yrs
£bn
Over
2yrs but
not more
than 3yrs
£bn
Over
3yrs but
not more
than 4yrs
£bn
Over
4yrs but
not more
than 5yrs
£bn
Over
5yrs
£bn
As at 31st December 2010 89.9 4.7 17.7 30.1 10.4 2.2 (155.0)
As at 31st December 2009 94.5 (10.2) 17.8 21.2 7.8 1.8 (132.9)
Barclays PLC Annual Report 2010 www.barclays.com/annualreport10 133
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