Barclays 2013 Annual Report Download - page 367

Note 41: Securitisations continued
Continuing involvement as at
31 December 2012
Gain/(loss) from
continuing involvement
Type of transfer
Carrying
amount
£m
Fair value
£m
Maximum
exposure to
loss
£m
For the
year ended
31 December
2012
£m
Cumulative
to
31 December
2012
£m
CLO and other assets 2,546 2,495 2,556 126 (839)
ABS CDO Super Senior 922 922 922 209 (2,204)
US sub-prime and Alt-A 781 781 781 8 (1,336)
Commercial mortgage backed securities 239 239 239 1 (41)
Total 4,488 4,437 4,498 344 (4,420)
Assets which represent the Group’s continuing involvement in derecognised assets are recorded in the following line items:
Type of transfer
Loans and
advances
£m
Trading
portfolio
assets
£m
Derivatives
£m
Available
for sale
investments
£m
Total
£m
As at 31 December 2013
CLO and other assets 1,130 778 2 1 1,911
US sub-prime and Alt-A 321 77 – – 398
Commercial mortgage backed securities – 241 – – 241
Total 1,451 1,096 2 1 2,550
As at 31 December 2012
CLO and other assets 1,624 899 7 16 2,546
ABS CDO Super Senior – 922 – – 922
US sub-prime and Alt-A 703 78 – – 781
Commercial mortgage backed securities – 239 – – 239
Total 2,327 2,138 7 16 4,488
Note 42: Assets pledged
Assets are pledged as collateral to secure liabilities under repurchase agreements, securitisations and stock lending agreements or as security
deposits relating to derivatives. The following table summarises the nature and carrying amount of the assets pledged as security against these
liabilities:
2013
£m
2012
£m
Trading portfolio assets 65,271 85,334
Loans and advances 62,607 72,918
Other 8,755 20,816
Assets pledged 136,633 179,068
Barclays has an additional £11bn (2012: £15bn) of loans and advances within its asset backed funding programmes that can readily be used to
raise additional secured funding and available to support future issuance.
Collateral held as security for assets
Under certain transactions, including reverse repurchase agreements and stock borrowing transactions, the Group is allowed to resell or re-pledge
the collateral held. The fair value at the balance sheet date of collateral accepted and re-pledged to others was as follows:
2013
£m
2012
£m
Fair value of securities accepted as collateral 390,530 361,067
Of which fair value of securities re-pledged/transferred to others 321,115 309,466
The full disclosure as per IFRS7 has been included in collateral and other credit enhancements (page 142).
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