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7 | Consolidated Financial Statements | Notes to the Consolidated Financial Statements
The maturities of the interest rate hedges and cross currency
interest rate hedges as well as of the commodity hedges corre-
spond with those of the underlying transactions. The real-
ization of the underlying transactions of the cash flow hedges
is expected to correspond with the maturities of the hedging
transactions shown in table  7.80. As of December 31, 2012,
Daimler utilized derivative instruments with a maximum maturity
of 37 months (2011: 39 months) as hedges for currency risks
arising from future transactions.
Nominal values of derivative financial instruments. Table
 7.80 shows the nominal values of derivative financial
instruments entered into for the purpose of hedging currency
risks, interest rate risks and commodity price risks that
arise from the Group’s operating and/or financing activities.
Most of the hedging transactions for which the effects from
the mark-to-market valuation of the hedging instrument
and the underlying transaction to a large extent offset each
other in the consolidated statement of income/loss are
not classified for hedge accounting treatment.
Even if derivative financial instruments do not or no longer
qualify for hedge accounting, these instruments are still
hedging financial risks from the operative business. If the hedged
item does not exist anymore or is not expected to occur
anymore, the hedging instrument will be terminated.
Explanations regarding the hedging of exchange rate risks,
interest rate risks and commodity price risks can be found
in Note 31 in the sub-item “Finance market risk.”
Nominal values of derivative financial instruments
December 31, 2012 December 31, 2011
Nominal values
Maturity
≤ 1 Jahr
Maturity
> 1 Jahr Nominal values
In millions of euros
Hedging of currency risks from receivables/liabilities
Forward exchange contracts 5,624 5,622 2 5,033
thereof cash flow hedges – – – –
thereof fair value hedges – – – –
Cross currency interest rate swaps 7,047 3,245 3,802 6,929
thereof cash flow hedges 1,046 126 920 1,333
thereof fair value hedges 2,472 208 2,264 492
Hedging of currency risks from forecasted transactions
Forward exchange contracts and currency options 31,794 19,067 12,727 28,394
thereof cash flow hedges 30,421 17,723 12,698 27,372
thereof fair value hedges – – – –
Hedging of interest rate risks from receivables/liabilities
Interest rate swaps 26,249 3,768 22,481 20,313
thereof cash flow hedges 2,295 965 1,330 1,897
thereof fair value hedges 22,717 2,484 20,233 16,939
Hedging of commodity price risks from forecasted transactions
Forward commodity contracts 1,598 823 775 2,014
thereof cash flow hedges 1,111 415 696 1,484
Total volume of derivative financial instruments 72,312 32,525 39,787 62,683
thereof cash flow hedges 34,873 19,229 15,644 32,086
thereof fair value hedges 25,189 2,692 22,497 17,431
7. 8 0