World Fuel Services 2011 Annual Report Download - page 86

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As of December 31, 2011, our derivative instruments, at their respective fair value positions were as
follows (in thousands, except mark-to-market prices):
Settlement Mark-to- Mark-to-
Hedge Strategy Period Derivative Instrument Notional Unit Market Prices Market
Fair Value Hedge 2012 Commodity contracts for firm commitment hedging (long) 778 GAL 0.01 $ 11
2012 Commodity contracts for firm commitment hedging (short) 1,848 GAL (0.12) (219)
2012 Commodity contracts for inventory hedging (short) 54,264 GAL (0.01) (552)
2012 Commodity contracts for firm commitment hedging (long) 1 MT 11.00 11
2012 Commodity contracts for inventory hedging (short) 75 MT (3.19) (239)
$ (988)
Non-Designated 2012 Commodity contracts (long) 95,925 GAL 0.02 $ 2,238
2012 Commodity contracts (short) 156,443 GAL 0.00 555
2012 Commodity contracts (long) 4,915 MT 4.11 20,196
2012 Commodity contracts (short) 3,598 MT (4.10) (14,750)
2013 Commodity contracts (long) 3,385 GAL 0.11 380
2013 Commodity contracts (short) 7,157 GAL 0.10 720
2013 Commodity contracts (long) 68 MT (13.93) (947)
2013 Commodity contracts (short) 19 MT 32.16 611
2014 Commodity contracts (long) 3 MT (45.33) (136)
2014 Commodity contracts (short) 6 MT 48.33 290
2012 Foreign currency contracts (long) 3,096 CAD 0.00 13
2012 Foreign currency contracts (short) 15,300 CAD (0.00) (57)
2012 Foreign currency contracts (long) 3,551,328 CLP (0.00) (16)
2012 Foreign currency contracts (long) 389 EUR (0.03) (12)
2012 Foreign currency contracts (short) 11,500 EUR 0.00 27
2012 Foreign currency contracts (long) 11,927 GBP (0.02) (193)
2012 Foreign currency contracts (short) 55,834 GBP 0.03 1,676
2012 Foreign currency contracts (long) 163,922 MXN (0.00) (56)
2012 Foreign currency contracts (short) 81,028 MXN 0.00 5
2012 Foreign currency contracts (long) 2,800 SGD 0.00 8
2012 Foreign currency contracts (long) 724 AUD 0.01 5
2012 Foreign currency contracts (short) 499 AUD (0.06) (29)
2012 Foreign currency contracts (long) 9,500 UYU 0.00 4
2013 Foreign currency contracts (long) 9,230 GBP (0.05) (461)
2013 Foreign currency contracts (short) 16,665 GBP 0.06 1,062
$ 11,133
62