Via ODiSy March 22, 2012 PHILIPPINE STOCK EXCHANGE ... - BDO

- 76 -The aggregate contractual or notional amount of derivative financial instruments andthe total fair values of derivative financial assets and liabilities are shown below.BDO Unibank Group2011 2010Notional Fair Values Notional Fair ValuesAmount Assets Liabilities Amount Assets LiabilitiesCurrency forwards/futures P 262,018 P 1,617 P 1,765 P 272,670 P 2,110 P 2,200Currency swaps 78,474 1,899 1,320 70,016 2,474 1,899Interest rate swaps 17,415 183 229 15,490 475 575Credit default swaps 2,195 14 5 2,077 1 2Others - 26 1 1,320 50 39Parent BankP 360,102 P 3,739 P 3,320 P 361,573 P 5,110 P 4,7152011 2010Notional Fair Values Notional Fair ValuesAmount Assets Liabilities Amount Assets LiabilitiesCurrency forwards/futures P 261,585 P 1,020 P 1,165 P 217,077 P 1,509 P 1,564Currency swaps 26,417 649 496 33,565 1,373 1,059Interest rate swaps 16,088 181 210 10,961 448 504Credit default swaps 2,195 14 5 440 - 2Others - 26 1 1,320 49 39P 306,285 P 1,890 P 1,877 P 263,363 P 3,379 P 3,168In 2008, BDO Unibank Group reclassified certain equity securities from FVTPL toAFS and debt securities and embedded derivatives of CLNs from FVTPL to HTM andLoans and Other Receivables, respectively (see Note 9.04).Derivatives embedded in CLNs and CLDs amounting to P183 and P70 in BDOUnibank Group and Parent Bank financial statements, respectively, as of reclassificationdate, were reclassified to Loans and Other Receivables together with their related hostcontracts (see Note 9.04).A CLN is an instrument under which the issuer issues a note to the investor wherebyboth parties agree that upon the occurrence of a credit event in relation to the referenceentity, the CLN accelerates and the investor is delivered the defaulted asset of thereference entity, or paid a net settlement amount equal to the market price of thedefaulted asset or reference obligation adjusted for any transaction unwind costs.