Goldman Sachs 2007 Annual Report Download - page 111

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Notes to Consolidated Financial Statements
Other secured financings are set forth in the table below:
As of November
(in millions) 2007 2006
Other secured financings (short-term)
(1) (2)
$32,410 $24,290
Other secured financings (long-term):
2008 — 5,535
2009 2,903 877
2010 2,301 1,894
2011 2,427 5,105
2012 4,973 1,928
2013 – thereafter 20,696 10,795
Total other secured financings (long-term)
(3) (4)
33,300 26,134
Total other secured financings
(5)
$65,710 $50,424
(1) As of November 2007, consists of U.S. dollar-denominated financings of $18.47 billion with a weighted average interest rate of 5.32% and non-U.S. dollar-denominated
financings of $13.94 billion with a weighted average interest rate of 0.91%, after giving effect to hedging activities. As of November 2006, consists of U.S. dollar-
denominated financings of $14.28 billion with a weighted average interest rate of 5.22% and non-U.S. dollar-denominated financings of $10.01 billion with a weighted
average interest rate of 2.00%, after giving effect to hedging activities. The weighted average interest rates as of November 2007 and November 2006 excluded
financial instruments accounted for at fair value under SFAS No. 155 or SFAS No. 159.
(2) Includes other secured financings maturing within one year of the financial statement date and other secured financings that are redeemable within one year of the
financial statement date at the option of the holder.
(3) As of November 2007, consists of U.S. dollar-denominated financings of $22.13 billion with a weighted average interest rate of 5.73% and non-U.S. dollar-denominated
financings of $11.17 billion with a weighted average interest rate of 4.28%, after giving effect to hedging activities. As of November 2006, consists of U.S. dollar-
denominated financings of $16.97 billion with a weighted average interest rate of 5.61% and non-U.S. dollar-denominated financings of $9.16 billion with a weighted
average interest rate of 3.81%, after giving effect to hedging activities.
(4) Secured long-term financings that are repayable prior to maturity at the option of the firm are reflected at their contractual maturity dates. Secured long-term financings
that are redeemable prior to maturity at the option of the holder are reflected at the dates such options become exercisable.
(5)
As of November 2007, $61.34 billion of these financings were collateralized by financial instruments and $4.37 billion by other assets (primarily real estate and cash).
As of November 2006, $47.22 billion of these financings were collateralized by financial instruments and $3.20 billion by other assets. Other secured financings include
$25.37 billion and $19.79 billion of nonrecourse obligations as of November 2007 and November 2006, respectively.
109Goldman Sachs 2007 Annual Report