Contents Management report Corporate governance Consolidated financial statements Financial statements Pillar 3
in millions of euros
Balance on 31 December 2014
Derivatives held for trading
Derivatives held as hedges
Short positions shares and bonds
Total derivative financial assets/liabilities recognised
Notional
amounts
2,545,638
158,464
2,704,102
Fair values
Assets
50,172
6,317
56,489
Liabilities
48,298
17,938
1,324
67,560
Derivatives held for trading
Currency derivatives
Unlisted tradeable contracts (OTC)
Currency swaps
Currency options - purchased and sold
362,705
3,990
5,190
81
6,842
58
Listed tradeable contracts
Currency futures
Total currency derivatives
4,912
371,607
61
5,332
42
6,942
Interest rate derivatives
Unlisted tradeable contracts (OTC)
Interest rate swaps
Interest rate options
Total OTC contracts
1,993,667
113,689
2,107,356
39,016
4,897
43,913
35,237
5,199
40,436
Listed tradeable contracts
Interest rate swaps
Total interest rate derivatives
49,301
2,156,657
1
43,914
4
40,440
Credit derivatives
Credit default swaps
Total return swaps
Total credit derivatives
3,988
1,996
5,984
6
15
21
10
49
59
Equity instruments/index derivatives
Unlisted tradeable contracts (OTC)
Options - purchased and sold
6,409
446
374
Listed tradeable contracts
Options - purchased and sold
Total equity instruments/index derivatives
Other derivatives
Total derivative financial
3,122
9,531
1,859
2,545,638
187
633
272
50,172
138
512
345
48,298
Derivatives held as hedges
Derivatives designated as fair value hedges
Currency swaps and cross-currency interest rate swaps
Interest rate swaps
Derivatives designated as cash flow hedges
Currency swaps and cross-currency interest rate swaps
Derivatives classified as net investment hedges
Currency futures contracts
Total derivative financial assets/liabilities designated as hedges
92,569
44,400
19,698
1,797
158,464
3,950
1,571
6,317
50
14,440
3,448
17,938
221
Notes to the consolidated financial statements
