Annual Report LRP 2007 - Rheinland Pfalz Bank
Annual Report LRP 2007 - Rheinland Pfalz Bank
Annual Report LRP 2007 - Rheinland Pfalz Bank
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NOTES<br />
<strong>LRP</strong> <strong>2007</strong><br />
133<br />
(81) Letters of Comfort<br />
Except for political risks, the <strong>Bank</strong> ensures that LRI<br />
Landesbank <strong>Rheinland</strong>-<strong>Pfalz</strong> International S.A., Luxembourg,<br />
is in a position to fulfill its obligations.<br />
(82) Trust Activities<br />
The trust activities not carried in the balance sheet<br />
relate to the following types of assets/liabilities and<br />
break down as follows:<br />
31Dec. <strong>2007</strong> 31Dec. 2006<br />
1 millions<br />
Trust assets<br />
Loans and advances to other banks 2 2<br />
Loans and advances to customers 1,171 1,205<br />
Other trust assets 1 0<br />
1,174 1,207<br />
Trust liabilities<br />
Deposits from other banks 8 27<br />
Due to customers 1,165 1,180<br />
Other trust liabilities 1 0<br />
1,174 1,207<br />
INFORMATION ON DERIVATIVE<br />
TRANSACTIONS<br />
(83) Intended Purpose of Derivative Financial<br />
Instruments<br />
The following table shows a breakdown by purpose of<br />
the derivative financial instruments held as of the balance<br />
sheet date:<br />
Fair value<br />
Fair value<br />
Positive Negative Positive Negative<br />
1 millions 31Dec. <strong>2007</strong> 31Dec. <strong>2007</strong> 31Dec. 2006 31Dec. 2006<br />
Derivative financial instruments used for trading and economic<br />
hedging derivatives 963 1,288 1,246 1,339<br />
Derivative financial instruments used for fair value hedging 480 353 576 487<br />
Derivative financial instruments used for cash flow hedging 3 10 3 14<br />
Total 1,446 1,651 1,825 1,840
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