Annual Accounts and Report as at 30 June 2011 Draft - Mediobanca

C. CREDIT AND FINANCIAL DERIVATIVESC.1 OTC financial and credit derivatives: net fair values and future exposure by counterpartyGovernments andcentral banksOther publicagenciesBanksFinancialcompaniesInsurancesNon-financialcompaniesOthercounterparties1) Financial derivatives bilateralagreements- positive fair value — — — — — — —- negative fair value — — — — — — —- future exposure — — — — — — —- net counterparty risk — — — — — — —2) Credit derivatives bilateralagreeements- positive fair value — — — — — — —- negative fair value — — — — — — —- future exposure — — — — — — —- net counterparty risk — — — — — — —3) "Cross product" agreements *- positive fair value — — 828,403 5,634 40,406 — —- negative fair value — — (338,119) (337,284) — — —- future exposure — — 2,232,259 472,087 5,295 — —- net counterparty risk — — 2,261,046 462,650 39,421 — —* Net of cash collateral amounting to €820,968,000.– 211