KeyBank 2013 Annual Report Download - page 119
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European Sovereign and Non-Sovereign Debt Exposures
Our total European sovereign and non-sovereign debt exposure is presented in Figure 47.
Figure 47. European Sovereign and Non-Sovereign Debt Exposures
December 31, 2013
in millions
Short and Long-
Term Commercial
Total (a)
Foreign Exchange
and Derivatives
with Collateral (b)
Net
Exposure
France:
Sovereigns ———
Non-sovereign financial institutions — $ (8) $ (8)
Non-sovereign non-financial institutions $ 74 — 74
Total 74 (8) 66
Germany:
Sovereigns ———
Non-sovereign financial institutions —44
Non-sovereign non-financial institutions 316 — 316
Total 316 4 320
Greece:
Sovereigns ———
Non-sovereign financial institutions ———
Non-sovereign non-financial institutions ———
Total ———
Iceland:
Sovereigns ———
Non-sovereign financial institutions ———
Non-sovereign non-financial institutions ———
Total ———
Ireland:
Sovereigns ———
Non-sovereign financial institutions ———
Non-sovereign non-financial institutions 7— 7
Total 7— 7
Italy:
Sovereigns ———
Non-sovereign financial institutions ———
Non-sovereign non-financial institutions 125 — 125
Total 125 — 125
Netherlands:
Sovereigns ———
Non-sovereign financial institutions ———
Non-sovereign non-financial institutions 121 — 121
Total 121 — 121
Portugal:
Sovereigns ———
Non-sovereign financial institutions ———
Non-sovereign non-financial institutions ———
Total ———
Spain:
Sovereigns ———
Non-sovereign financial institutions ———
Non-sovereign non-financial institutions 104 — 104
Total 104 — 104
Switzerland:
Sovereigns ———
Non-sovereign financial institutions —22
Non-sovereign non-financial institutions 74 — 74
Total 74 2 76
United Kingdom:
Sovereigns ———
Non-sovereign financial institutions —22
Non-sovereign non-financial institutions 218 — 218
Total 218 2 220
Other Europe: (c)
Sovereigns ———
Non-sovereign financial institutions ———
Non-sovereign non-financial institutions 136 — 136
Total 136 — 136
Total Europe:
Sovereigns ———
Non-sovereign financial institutions ———
Non-sovereign non-financial institutions 1,175 — 1,175
Total $ 1,175 $ — $ 1,175
(a) This column represents our outstanding leases.
(b) This column represents contracts to hedge our balance sheet asset and liability needs, and to accommodate our clients’ trading and/or
hedging needs. Our derivative mark-to-market exposures are calculated and reported on a daily basis. These exposures are largely
covered by cash or highly marketable securities collateral with daily collateral calls.
(c) Other Europe consists of the following countries: Austria, Belarus, Belgium, Bulgaria, Cyprus, Czech Republic, Denmark, Finland,
Hungary, Lithuania, Luxembourg, Malta, Norway, Poland, Romania, Russia, Slovakia, Slovenia, Sweden, and Ukraine. Approximately
95% of our exposure in Other Europe is in Belgium, Finland, and Sweden.
104