TlB Annual Report 2009 - Triodos Bank
TlB Annual Report 2009 - Triodos Bank
TlB Annual Report 2009 - Triodos Bank
You also want an ePaper? Increase the reach of your titles
YUMPU automatically turns print PDFs into web optimized ePapers that Google loves.
FOREIGN EXCHANGE RISK<br />
It is the <strong>Bank</strong>’s policy to avoid taking positions in foreign currencies.<br />
The following table shows the <strong>Bank</strong>’s foreign currency position in thousands of EUR as at 31 December.<br />
<strong>2009</strong> <strong>2009</strong> <strong>2009</strong> <strong>2009</strong> <strong>2009</strong> <strong>2009</strong><br />
Cash position Cash position Term position Term position Net position Net position<br />
Debit Credit Debit Credit Debit Credit<br />
GBP 390,053 390,621 5,484 5,484 — 568<br />
USD 5,193 73 123,486 127,013 1,593 —<br />
MXN — — 1,550 1,550 — —<br />
PEN — — 11,570 11,570 — —<br />
PHP — — 754 754 — —<br />
ZAR — — 706 706 — —<br />
395,246 390,694 143,550 147,077 1,593 568<br />
Net open foreign currency position (maximum of total net position debit or credit): 1,593<br />
2008 2008 2008 2008 2008 2008<br />
Cash position Cash position Term position Term position Net position Net position<br />
Debit Credit Debit Credit Debit Credit<br />
GBP 359,488 358,612 — — 876 —<br />
USD 3,364 252 80,066 81,139 2,039 —<br />
MXN — — 440 440 — —<br />
KES — — 535 535 — —<br />
PEN — — 7,506 7,506 — —<br />
ZAR — — 749 749 — —<br />
362,852 358,864 89,296 90,369 2,915 —<br />
Net open foreign currency position (maximum of total net position debit or credit): 2,915<br />
TRIODOS BANK - ANNUAL REPORT <strong>2009</strong> 133
Change language