Untitled - Saxo World

NOTES – saxo bank risk managementMarket riskAt 31 decemberSaxo Bank Group and Saxo Bank A/SDerivative financial instruments / Specified by remaining life3 months and below 3 months to 1 year 1 year to 5 years a)NetmarketvalueNetmarketvalueNetmarketvalue(DKK 1,000)NotionalamountNotionalamountNotionalamountCurrency contractsForwards/futures bought 8,267,988 (37,896) 2,177,775 (17,930) - -Forwards/futures sold 7,437,459 68,590 1,431,303 17,981 - -Options bought 23,194,608 193,717 4,608,101 109,249 90 3Options written 21,030,545 (187,656) 5,895,434 (110,910) 1,117 (17)Interest rate contractsForwards/futures bought 3,148,070 (14,199) 4,367,262 1,662 218,657 (573)Forwards/futures sold 3,157,894 11,497 4,361,455 (986) 221,037 304Options bought - - - - - -Options written - - - - - -Equity contractsForwards/futures bought 8,882,142 239,185 14,145 91 - -Forwards/futures sold 9,217,293 141,433 14,203 (33) - -Options bought - - 422,697 18,087 - -Options written - - 321,321 (5,397) - -Commodity contractsForwards/futures bought 1,914,269 13,609 1,006,010 4,885 447,968 2,553Forwards/futures sold 1,922,450 24,850 1,019,353 12,770 447,761 (2,998)Options bought 2,256 412 6,768 1,235 32,651 5,480Options written 2,253 (423) 6,760 (1,270) 32,651 (5,717)a)No derivative financial instruments have a remaining life exceeding 5 years.ANNUAL REPORT 2009 · SAXO BANK · 67