Barclays 2013 Annual Report Download - page 182

Risk review
Credit risk continued
The table below sets out the fair value and notional amounts of OTC derivative financial instruments by collateral agreement type. Unilateral
(one way) arrangements are where only one party needs to provide collateral and can be in favour of either Barclays or the counterparty. Bilateral
agreements require either party to post security, depending on the value of the contract.
Derivatives by collateral arrangement
2013 2012
Notional
contract
amount
£m
Fair value Notional
contract
amount
£m
Fair value
Assets
£m
Liabilities
£m
Assets
£m
Liabilities
£m
Unilateral in favour of Barclays
Foreign exchange 29,098 363 (344) 27,261 492 (423)
Interest rate 6,495 652 (115) 17,019 1,064 (145)
Credit derivatives 402 14 (7) 493 4 (7)
Equity and stock index 486 4 (17) 660 – (18)
Commodity derivatives 5,477 84 (90) 6,426 451 (432)
Total unilateral in favour of Barclays 41,958 1,117 (573) 51,859 2,011 (1,025)
Unilateral in favour of counterparty
Foreign exchange 37,223 1,023 (2,995) 38,081 1,316 (3,052)
Interest rate 153,566 5,221 (7,067) 152,021 7,920 (10,778)
Credit derivatives 378 1 (46) 5,326 2 (24)
Equity and stock index 1,158 90 (112) 1,352 21 (291)
Commodity derivatives 5,645 236 (109) 4,592 327 (85)
Total unilateral in favour of counterparty 197,970 6,571 (10,329) 201,372 9,586 (14,230)
Bilateral arrangement
Foreign exchange 4,245,971 53,917 (57,005) 3,962,623 53,002 (55,952)
Interest rate 11,740,243 205,781 (194,414) 14,414,758 335,532 (324,340)
Credit derivatives 1,261,171 21,390 (20,969) 1,507,569 28,134 (28,222)
Equity and stock index 143,121 7,173 (12,170) 145,888 6,787 (9,120)
Commodity derivatives 157,639 8,673 (8,310) 205,628 11,208 (12,525)
Total bilateral arrangement 17,548,145 296,934 (292,868) 20,236,466 434,663 (430,159)
Uncollateralised derivatives
Foreign exchange 293,733 4,820 (4,350) 293,052 4,628 (4,413)
Interest rate 222,676 5,577 (1,945) 370,754 10,306 (4,381)
Credit derivatives 8,069 517 (611) 16,596 1,648 (945)
Equity and stock index 17,877 2,659 (2,383) 14,515 1,087 (2,394)
Commodity derivatives 35,090 1,104 (1,673) 29,912 1,241 (1,260)
Total uncollateralised derivatives 577,445 14,677 (10,962) 724,829 18,910 (13,393)
Total OTC derivative assets/(liabilities) 18,365,518 319,299 (314,732) 21,214,526 465,170 (458,807)
The uncollateralised derivative asset exposure (including unilateral in favour of counterparty) of £21bn would be £7bn lower than reported under
IRFS if netting was permitted for assets and liabilities with the same counterparty and that are subject to set off under netting agreements.
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180 Barclays PLC Annual Report 2013