Annual Report 2011 - Jordan Investment and Finance bank

88agreementwith SUNGARD Company for the purchase of an automated systemto apply this system.3. Credit risk is mitigated through credit risk factors (collaterals such as realestate, shares or other) commensurate with the credit risk faced by the Bankto cover any unexpected subsequent events.4. Proper legal and credit documentation is applied for all conditions associatedwith the credit facilities.1. Credit risk exposure (less the impairment provision and interestin suspense and before guarantees and other risk - mitigating factors):December 31,On Financial Position Items:Balances at the Central BankBalances at banks and financial institutionsDeposits at banks and financial institutionsDirect credit facilities:IndividualsReal estate loansCompaniesLarge companiesSmall and medium institutionsGovernment and public sectorBonds, Bills and Debentures:Financial assets at fair value through profit or lossIncluded in available-for-sale financial assetsFinancial assets at amortized costFinancial derivatives instruments2011JD34,017,90679,108,5823,942,06534,529,25054,171,705236,625,83723,790,608891,1224,546,002-143,208,7434,3802010JD34,864,80852,851,8135,442,23441,672,72561,029,132228,489,05315,455,5613,627,843-161,704,371-7,89189Notes to the consolidtaed financial statementsOther assets2,944,7293,365,089Off Financial Position Items:Letters of guarantee110,350,298113,407,868Letters of credit23,968,29926,392,422Letters of acceptance9,167,6636,422,350Unutilized facility ceilings9,329,94050,408,284Total770,597,129805,141,444To cover the above credit risk exposures, the Bank uses the following risk mitigatingfactors within the conditions of the credit policy set by the Bank:1. Cash collaterals.2. Accepted bank letters of guarantee.3. Real estate mortgages.4. Listed shares collaterals.5. Vehicles and equipment mortgages.