Other notes to the financial
statements of Rabobank
21 Regulatory levies
22 Professional securities transactions
and assets not freely available
23 Con tin gen t liabilities
Contents Management report Corporate governance Consolidated financial statements Financial statements Pillar 3
2015 2014
Assets not freely available: Related to type of liabilities:
Loans and advances to banks Derivatives 5,178 7,289
Loans and advances to
customers Due to customers 6,758 4,333
Interest-bearing securities Due to customers 450 458
Total 12,386 12,080
The regulatory levies consist of bank tax and levy, contributions
to the national resolution fund and the resolution levy.
Banks operating in the Netherlands on 1 October of the year
under review are required to pay bank tax. There are two rates
of bank tax: A rate of 0.044% for current liabilities and a rate
of 0.022% for long-term liabilities, based on the balance on
December 2014. In 2015, Rabobank was charged a total of
168 in bank tax (2014:167). In 2015, the bank levy in Ireland
amounted to 4. In 2015, the contribution to the National
Resolution Fund amounted to 172 (2014: 0).
Professional securities transactions in which Rabobank
lent securities.
2015 2014
Securities lent for use:
Loans and advances to banks 16,720 26,784
Loans and advances to customers 21,007 19,176
Total 37,727 45,960
Professional securities transactions in which Rabobank
lent securities.
2015 2014
Securities lent:
Due to banks 81 115
Due to customers 486 362
Total 567 477
The assets referred to in the table below (with exception
to professional securities transactions) were provided to
counterparties as security for (contingent) liabilities. If Rabobank
remains in default the counterparties may use the security to
settle the debt.
This item relates to transactions in which Rabobank stands
surety for obligations of third parties.
2015 2014
Contingent liabilities consist of:
Guarantees 14,126 12,304
Letters of credit 4,744 5,183
Other 100
Total contingent liabilities 18,970 17,487
Of which:
Contingent liabilities of group companies 6,710 4,802
Liability undertakings
Pursuant to Section 403 of Book 2 of the Dutch Civil Code,
Rabobank has assumed liability for the debts arising from the
legal transactions of the following Group companies:
B.V. Bewaarbedrijf Schretlen &Co. N.V.
Bodemgoed B.V.
De Lage Landen America Holdings B.V.
De Lage Landen Corporate Finance B.V.
De Lage Landen Facilities B.V.
De Lage Landen Financial Services B.V.
De Lage Landen Financiering B.V.
De Lage Landen International B.V.
De Lage Landen Trade Finance B.V.
De Lage Landen US Participations B.V.
De Lage Landen Vendorlease B.V.
FGH Bank N.V.
Friesland Zekerheden Maatschappij Holding N.V.
Friesland Zekerheden Maatschappij N.V.
N.V. Handelmaatschappij 'Het Zuiden'
Rabo Groen Bank B.V.
Rabo Herverzekeringsmaatschappij N.V.
287
Other notes to the financial statements of Rabobank
