NOTES TO INDIVIDUAL ITEMS IN THE COMPANY AND GROUP BALANCE SHEETS
COMPANY BALANCE SHEET GROUP BALANCE SHEET
COMMITMENTS AND GUARANTEES
Guarantees given to third parties:
2001 1
2001
credit replacing guarantees
14,332
14,436
14,332
14,436
non-credit replacing guarantees
6,381
6,259
6,381
6,259
Guarantees on behalf of participating interests
0
0
0
0
Guarantees given by third parties
(3,454)
(227)
(3,454)
(227)
17,259
20,468
17,259
20,468
IRREVOCABLE FACILITIES
Credit facilities offered to and accepted by clients and
undrawn facilities 165,033 231,016 165,033 231,016
25
LIABILITY COMMITMENTS
In accordance with section 403, Part 9, Book 2 of the Netherlands Civil Code, the company has undertaken joint and several
liability for any debts resulting from legal transactions entered into by firms in which the company has a 100% interest and
which have been specified as such in the consolidated financial statements. These participating interests are listed on page 33.
MINISTRY OF FINANCE CLAIM
On 11 November 1999, in the proceedings concerning alleged contravention of the law, initiated at the end of 1992 by the
Ministry of Finance, the Amsterdam Court of Appeal found in favour of Breevast and FGH Bank in their plea against the claim by
the State. The opinion given hy the Public Prosecutor to the Supreme Court to reverse the judgement of the Court of Amsterdam
was confirmed by the judgement of the Supreme Court dated 1 February 2002. We nevertheless have every confidence in there
being a successful outcome, as stated in previous annual reports.
DERIVATIVES
Derivatives are financial instruments in the form of contracts whose value upon one or more underlying values or reference
prices. The notional amounts relating to derivatives are not included in the balance sheet because the right and obligations arise
from one and the same agreement whose notional amounts serve solely as accounting units. Derivative transactions are used
exclusively to hedge the bank's interest rate risk and interest rate swaps are used in particular for this purpose. In line with the
bank's policy, the exchange rate risk is negligible.
Notional amounts
680,075
Unweighted credit equivalent
7,974
Weighted credit equivalent
3,987
RESIDUAL TERM
NOTIONAL AMOUNT
CREDIT RISK
1 year
200,000
0
1 - 5 years
225,575
1,627
5 years
254,500
673
