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

B.4 OTC credit derivatives: gross positive and negative fair values by counterparty – contracts notforming part of netting arrangementsContracts not forming part of nettingarrangementsGovernments andcentral banksOther publicagenciesBanksFinancialcompaniesInsurancesNon-financialcompaniesOthercounterpartiesRegulatory trading book1. Hedge buys- notional value — — 466,268 — — — —- positive fair value — — 3,978 — — — —- negative fair value — — (252,703) — — — —- future exposure — — 23,313 — — — —2. Hedge sales- notional value — — 612,799 21,467 — — —- positive fair value — — 20,858 24 — — —- negative fair value — — (7,842) (315) — — —- future exposure — — 31,538 1,073 — — —Banking book *1. Hedge buys- notional value — — — — — — —- positive fair value — — — — — — —- negative fair value — — — — — — —2. Hedge sales- notional value — — — — — — —- positive fair value — — — — — — —- negative fair value — — — — — — —* Does not include implied derivatives of bonds issued.410 –