Annual report 2010 - Dexia.com

Notes to the consolidated financial statements12.3. Information about collateralsA. Assets received as collateral if this collateral can be sold or repledgedAssets received as collateral Collateral received as at 31 Dec. 2009 Collateral received as at 31 Dec. 2010Fair values ofcollateral heldFair value ofcollateral sold/repledgedFair values ofcollateral heldFair value ofcollateral sold/repledgedEquity instruments 795 0 596 0Debt instruments 4,930 1,795 8,199 3,028Loans and advances 178 165 222 179Cash collaterals 5,625 5,625 4,417 4,417Total 11,528 7,585 13,434 7,624Management reportCollaterals are obtained within the framework of repurchase agreement activities and of bond lending activities.Cash is obtained as collateral within the framework of Credit Support Annex (CSA).Contracts which determine the conditions of repledge are either Overseas Securities Lending Agreement (OSLA) – possiblyamended by the legal department or the ones written by the legal department. Repledge is an usual market practice.Figures as at 31 December 2009 have been restated.B. Information on financial assets pledged as collateralCarrying amount of financial assets pledgedas collateral as at 31 Dec. 2009Carrying amount of financial assets pledgedas collateral as at 31 Dec. 2010For liabilities For contingent liabilities For liabilities For contingent liabilities158,309 0 144,499 0Assets are mainly pledged to collateralise repurchase agreements and debts to central banks and to the European CentralBank.Carrying amount is not limited to the amount effectively borrowed.Cash is given as collateral within the framework of Credit Support Annex (CSA) (see notes 7.3.A and 7.4.B).Repurchase agreements reimbursement amount was EUR 53 billion as at 31 December 2009 and EUR 54 billion as at31 December 2010.Figures as at 31 December 2009 have been restated.Consolidatedfinancial statementsAdditional information Annual financial statementsAnnual report 2010 Dexia221