Barclays 2012 Annual Report Download - page 264

18 Fair value of financial instruments continued
Level 3 classification
The following table shows Level 3 financial assets and liabilities disaggregated by balance sheet classification and product type.
Level 3 financial assets and liabilities by balance sheet classification and product type
Non-derivative assets Non-derivative liabilities Derivatives
Trading
portfolio
assets
£m
Financial
assets
designated
at fair value
£m
Available
for sale
investments
£m
Trading
portfolio
liabilities
£m
Financial
liabilities
designated
at fair value
£m
Net
derivative
financial
instrumentsa
£m
As at 31 December 2012
Commercial real estate loans – 1,798 – – – –
Asset backed products 2,592 335 492 – – 217
Other credit products – 18 – – (522) 1,118
Derivative exposure to monoline insurers – 57 – – – 535
Non-asset backed debt instruments 3,577 213 52 (2) (1,669) (13)
Equity products 141 – 7 – – (594)
Private equity 1 1,240 434 – – –
Funds and fund-linked products 864 – – – – –
Foreign exchange products 5 2 3 – (2) (38)
Interest rate products – 1 – – (1) 158
Commodity products – – 5 – (39) 117
Otherb306 2,287 1,887 – – (261)
Total 7,486 5,951 2,880 (2) (2,233) 1,239
As at 31 December 2011
Commercial real estate loans – 2,452 – – – –
Asset backed products 3,306 693 252 (1) (13) 495
Other credit products – 196 – – (1,007) 1,432
Derivative exposure to monoline insurers – – – – – 1,129
Non-asset backed debt instruments 3,953 223 36 (5) (2,081) 1
Equity products 115 – 15 – – (582)
Private equity – 2,238 589 – – –
Funds and fund-linked products 1,258 32 – – – –
Foreign exchange products 6 – – – – 264
Interest rate products – 3 – – – 340
Commodity products – – 18 – (35) (201)
Otherb566 2,842 1,963 – – (192)
Total 9,204 8,679 2,873 (6) (3,136) 2,686
Notes
a The derivative financial instruments are represented on a net basis. On a gross basis derivative financial assets as at 31 December 2012 totalled £6,143m
(2011: £11,267m) and derivative financial liabilities totalled £4,904m (2011: £8,581m).
b Other primarily includes fixed rate loans and receivables resulting from the acquisition of the North American businesses of Lehman Brothers.
barclays.com/annualreport262 I Barclays PLC Annual Report 2012
Notes to the financial statements
For the year ended 31 December 2012 continued