KeyBank 2015 Annual Report Download - page 122

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, 2015
in millions
Short- and Long-
Term Commercial
Total (a)
Foreign Exchange
and Derivatives
with Collateral (b)
Net
Exposure
France:
Sovereigns ———
Non-sovereign financial institutions —$1$1
Non-sovereign non-financial institutions $17 — 17
Total 17 1 18
Germany:
Sovereigns ———
Non-sovereign financial institutions ———
Non-sovereign non-financial institutions 187 — 187
Total 187 — 187
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 1—1
Total 1—1
Italy:
Sovereigns ———
Non-sovereign financial institutions ———
Non-sovereign non-financial institutions 34 — 34
Total 34 — 34
Netherlands:
Sovereigns ———
Non-sovereign financial institutions ———
Non-sovereign non-financial institutions 12 — 12
Total 12 — 12
Portugal:
Sovereigns ———
Non-sovereign financial institutions ———
Non-sovereign non-financial institutions ———
Total ———
Spain:
Sovereigns ———
Non-sovereign financial institutions ———
Non-sovereign non-financial institutions 20 — 20
Total 20 — 20
Switzerland:
Sovereigns ———
Non-sovereign financial institutions — (2) (2)
Non-sovereign non-financial institutions 63 — 63
Total 63 (2) 61
United Kingdom:
Sovereigns ———
Non-sovereign financial institutions —5858
Non-sovereign non-financial institutions 83 — 83
Total 83 58 141
Other Europe: (c)
Sovereigns ———
Non-sovereign financial institutions ———
Non-sovereign non-financial institutions 70 — 70
Total 70 — 70
Total Europe:
Sovereigns ———
Non-sovereign financial institutions —5757
Non-sovereign non-financial institutions 487 — 487
Total $ 487 $ 57 $ 544
(a) Represents our outstanding leases.
(b) 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. 100% of our
exposure in Other Europe is in Belgium, Finland, and Sweden.
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