1998-Paribas Annual Report - BNP Paribas

46 COMMITMENTS AND CONTINGENT LIABILITIES
a) Confirmed lines of credit, guarantees and securities commitments and currency transactions
PARIBAS CONSOLIDATED STATEMENTS
in EUR million 12.31.1998 12.31.1997 12.31.1996
Commitments given
Confirmed lines of credit:
• Commitments towards credit institutions 3,160 5,194 4,621
• Commitments towards customers
Guarantees given:
27,270 30,406 27,377
• Guarantees granted on behalf of credit institutions 1,918 6,699 4,385
• Guarantees granted on behalf of customers
Securities commitments:
12,133 12,581 11,726
• Securities acquired with a right to resell/repurchase – – –
• Other securities to be delivered 6,081 4,529 4,946
Commitments received
Confirmed lines of credit:
• Commitments from credit institutions
Guarantees received:
7,218 11,446 10,464
• Guarantees from credit institutions
Securities commitments:
2,582 2,435 3,432
• Securities sold with a right to resell/repurchase – – –
• Other securities to be received
Firm currency transactions
5,825 4,611 5,520
• Currencies to be received 186,961 180,888 127,383
• Currencies to be delivered 186,031 180,327 127,836
b) Forward financial instruments
Trading Management of Total Total Total
activities interest rate and 12.31.1998 12.31.1997 12.31.1996
in EUR million currency exposure
Firm transactions
Organized markets:
• Future contracts
(interest rate, currency and other financial futures)
Over-the-counter:
139,756 17,850 157,607 158,507 81,575
• Future rate agreements 50,555 3,277 53,832 46,803 26,800
• Interest rate swaps 1,069,910 91,483 1,161,393 981,413 705,100
• Currency swaps 81,401 5,058 86,459 83,209 71,056
• Others 10,783 241 11,024 8,019 2,898
Conditional transactions
Organized markets:
• Purchase of interest rate options 16,671 – 16,671 17,513 25,537
• Sale of interest rate options 31,732 – 31,732 41,490 3,003
• Purchase of currency options 131 – 131 18 147
• Sale of currency options – – – – 208
• Purchase of other options 3,629 135 3,764 2,900 2,012
• Sale of other options 4,044 213 4,257 3,014 2,223
Over-the-counter:
• Purchase of caps, floors and collars 91,758 2,422 94,180 78,250 58,049
• Sale of caps, floors and collars 108,263 2,847 111,110 97,419 80,869
• Purchase of interest rate swaptions 72,443 51 72,494 73,972 42,648
• Sale of interest rate swaptions 90,970 – 90,970 84,770 54,492
• Purchase of currency swaptions 75 – 75 121 248
• Sale of currency swaptions – – – – 41
• Purchase of interest rate options 2,403 167 2,570 6,015 7,334
• Sale of interest rate options 2,563 171 2,734 9,799 6,945
• Purchase of currency options 63,284 1,022 64,306 80,255 29,164
• Sale of currency options 65,621 1,022 66,643 83,934 30,683
• Purchase of other instruments 36,172 12 36,184 22,813 15,468
• Sale of other instruments 60,705 – 60,705 18,933 15,113
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