ING Direct 2015 Annual Report Download - page 118
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Contents
Who we are
Report of the
Management
Board
Corporate
Governance
Consolidated
annual accounts
Parent company
annual accounts
Other
information
Additional
information
Notes to the Consolidated annual accounts of ING Bank - continued
Also, this disclosure does not attempt to indicate or predict future fair value move. The numbers in isolation give limited information as
in most cases these Level 3 assets and liabilities should be seen in combination with other instruments (for example as a hedge) that
are classified as Level 2.
2015
Positive
fair value
movements
from using
reasonable
possible
alternatives
Negative
fair value
movements
from using
reasonable
possible
alternatives
Fair value through profit and loss
Equity (equity derivatives, structured notes)
129
Interest rates (Rates derivatives, FX derivatives)
83
Credit (Debt securities, Loans, structured notes, credit derivatives)
39
Available-for-sale
Equity
9
14
Debt
15
275
14
2014
Positive
fair value
movements
from using
reasonable
possible
alternatives
Negative
fair value
movements
from using
reasonable
possible
alternatives
Fair value through profit and loss
Equity (equity derivatives, structured notes)
106
Interest rates (Rates derivatives, FX derivatives)
115
Credit (Debt securities, Loans, structured notes, credit derivatives)
21
Available-for-sale
Equity
19
28
Debt
11
272
28
Asset backed security portfolio
2015
Level 1
Level 2
Level 3
Total
US Subprime RMBS
4
4
US Alt-A RMBS
32
32
CDO/CLOs
5
5
CMBS
129
129
Total
165
5
170
Sensitivity analysis of Level 3 instruments
Sensitivity analysis of Level 3 instruments
Fair value hierarchy of certain ABS bonds
ING Bank Annual Report 2015 116