A4 für Copyshop GB.indd - Bayerische Landesbank
A4 für Copyshop GB.indd - Bayerische Landesbank
A4 für Copyshop GB.indd - Bayerische Landesbank
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Report by the Board of Administration, accounts of BayernLB and the BayernLB Group and notes to the accounts<br />
Derivatives transactions within BayernLB – trading transactions 2<br />
EUR million<br />
Interest rate-based contracts<br />
Currency-based contracts<br />
Share-based contracts<br />
Credit derivatives contracts<br />
Trading transactions – total<br />
Nominal values<br />
Positive<br />
market 1<br />
values<br />
Negative<br />
market 1<br />
values<br />
2004 2003 2004 2004<br />
649,565<br />
123,915<br />
2,166<br />
27,805<br />
803,451<br />
537,145<br />
152,901<br />
1,311<br />
20,132<br />
711,489<br />
11,899<br />
3,798<br />
94<br />
125<br />
15,916<br />
Derivatives transactions within the BayernLB Group – trading transactions 2<br />
EUR million<br />
Interest rate-based contracts<br />
Currency-based contracts<br />
Share-based contracts<br />
Credit derivatives contracts<br />
Trading transactions – total<br />
Comments:<br />
Nominal values<br />
Positive<br />
market 1<br />
values<br />
11,697<br />
4,145<br />
90<br />
115<br />
16,047<br />
Negative<br />
market 1<br />
values<br />
2004 2003 2004 2004<br />
650,342<br />
124,133<br />
2,214<br />
27,805<br />
804,494<br />
538,003<br />
153,924<br />
1,344<br />
20,132<br />
713,403<br />
11,903<br />
3,811<br />
94<br />
125<br />
15,933<br />
11,705<br />
4,160<br />
90<br />
115<br />
16,070<br />
1 Market value is the amount at which derivatives may be bought or sold on the balance sheet date. Market value is calculated<br />
either on the basis of quoted market prices or using generally recognised valuation models (e. g. present value and option<br />
pricing models) based on current market parameters.<br />
2 Trading transactions in derivative instruments include transactions carried out within the framework of the Bank’s business<br />
strategies and limits by the competent trading units with the aim of achieving own-trading gains.<br />
171
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