- - - - Inhoudsopgave Voorwoord Bestuursverslag Corporate governance Consolidated Financial Statements Company Financial Statements Pillar 3 6.2.1 Credit portfolio InTable 17, the credit risk to which Rabobank is subject is presented. No collateral or any other measures for mitigating credit risk is taken into account. In some cases the amounts deviate from the carrying amounts, since the outstanding equity instruments are not included. Comparative figures in the tables in this paragraph have been adjusted by reversing the netting of notional cash pooling productes that took place in 2015. More information can be found in paragraph 2.1 Basis of preparation in the Consolidated financial statements. Table 17: Credit Risk. Maximum credit risk 31 December 2016 31 December 2015 Average Average Total gross gross Total gross gross exposure exposure exposure exposure Loans to customers 452,807 459,400 465,993 463,891 Debt securities 33,745 35,292 36,838 37,665 Derivative financial instruments 42,372 Due from other banks 25,444 Cash and cash equivalents 84,405 638,773 Credit-related and contingent liabilities 62,760 62,408 62,056 57,852 Total 701,533 706,056 710,578 704,874 Off-balance sheet financial instruments Guarantees and standby letters of credit which Rabobank provides to third parties in the event a client cannot fulfil its obligations vis-a-vis these third parties, are exposed to credit risk. Documentary and commercial letters of credit and written undertakings by Rabobank on behalf of clients authorise third parties to draw bills against Rabobank up to a present amount subject to specific conditions.These transactions are secured by the delivery of the underlying goods to which they relate. Accordingly, the risk exposure of such an off-balance sheet instrument is lowerthan that of an on-balance sheet exposure, (e.g. a direct loan). Obligations to grant loans at specific rates of interest during a fixed period of time are recognised under credit granting liabilities and accounted for as such unless these commitments do not extend beyond the period expected to be needed to perform appropriate underwriting, in which case they are considered to be transactions conforming to standard market conventions. Rabobank is exposed to credit risk when it promises to grant lending facilities. The size of such losses is less than the total of the unused commitments, as promises to grant credit facilities are made subject to the clients meeting certain conditions that apply to loans. Rabobank monitors the term to expiry of credit promises, as long-term commitments are generally associated with a higher risk than short-term commitments. 45,243 28,939 74,674 643,547 48,113 32,434 64,943 648,321 52,301 39,198 54,1 76 647,231 Table 18: Residual contractual maturity breakdown at 31 December 2016. Residual contractual maturity breakdown (excluding credit related and contingent liabilities) At 31 December 2016 Loans to customers Debt securities Derivative financial instruments Due from other banks Cash and cash equivalents Total On demand 20,459 43 8 4,442 83,032 107,984 Less than 3 months 42,397 3,361 4,500 18,882 1,362 70,502 3 months to 1 year 40,350 3,313 3,033 1,295 11 48,002 1 to 5 years 92,451 17,621 9,798 556 120,426 More than 5 years 257,150 9,407 25,033 269 291,859 Total gross exposure 452,807 33,745 42,372 25,444 84,405 638,773 Table 19: Residual contractual maturity breakdown at 31 December 2015. Residual contractual maturity breakdown (excluding credit-related and contingent liabilities) At 31 December 2015 Loans to customers Debt securities Derivative financial instruments Due from other banks Cash and cash equivalents Total On demand 28,351 49 6 4,532 63,650 96,588 Less than 3 months 50,550 2,385 3,071 24,234 1,284 81,524 3 months to 1 year 37,948 3,344 2,870 1,878 9 46,049 1 to 5 years 89,345 18,699 11,226 1,300 120,570 More than 5 years 259,799 12,361 30,940 490 303,590 Total gross exposure 465,993 36,838 48,113 32,434 64,943 648,321 332 Rabobank Jaarverslag 2016

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Jaarverslagen Rabobank | 2016 | | pagina 333