ITAÚ UNIBANCO S.A. MANAGEMENT REPORT To our ... - Banco Itaú

III-
See below the composition of the Derivative Financial Instruments portfolio by type of instrument, stated at their notional amounts, per trading location (organized or over-the-counter market) and counterparties:
BM&F/Bovespa
Over-the-counter market
Financial institutions
Companies
Individuals
Total
Total 12/31/2009
12/31/2010
Futures Swaps Options Forwards Credit derivatives Forwards
Swap with target
flow
Other
151,286,460 - 373,093,372 1,423,807 - - - -
13,008,175 88,244,647 7,033,317 1,409,481 3,866,878 11,592,937 - 4,306,126
4,766,471 3,669,596 4,984,768 - 3,612,672 10,552,450 - 3,284,500
8,241,704 83,403,165 1,976,508 1,409,481 254,206 1,003,523 - 1,021,593
- 1,171,886 72,041 - - 36,964 - 33
164,294,635 88,244,647 380,126,689 2,833,288 3,866,878 11,592,937 - 4,306,126
100,569,897 64,304,644 418,624,197 30,962 2,620,736 9,217,903 316,717 4,413,211
IV -
Credit derivatives
See below the composition of Credit Derivatives portfolio stated at notional amount and effect on
calculation of Required Referential Equity.
Credit risk amount
12/31/2010 12/31/2009
Transferred
2,663,303 269,886
Credit swaps whose underlying assets are:
Securities
2,663,303 269,886
Received
1,203,575 2,350,849
Credit swaps whose underlying assets are:
Securities
1,203,575 2,350,849
Total 3,866,878 2,620,735
During the period, there was no occurrence of credit event related to those set forth in agreements.
V -
Reclassification of securities (article 5 of BACEN Circular No. 3,068, of 11/08/2001)
Management sets forth guidelines to classify securities. The classification of the current portfolio of securities, as well as the securities purchased in the period, is periodically and systematically evaluated based
on such guidelines.
As set forth in Article 5 of BACEN Circular No. 3,068, of November 8, 2008, the revaluation regarding the classification of securities can only be made upon preparation of trial balances for six-month periods. In
addition, the transfer from “held-to-maturity” to the other categories can only occur in view of an isolated, unusual, nonrecurring and unexpected reason, which has occurred after the classification date.
No reclassifications or changes to the existing guidelines have been made in the period.