Annual report 2009 - Dexia.com

Notes to the consolidated fi nancial statements12.3. Information about collateralManagement reportA. ASSETS RECEIVED AS COLLATERAL IF THIS COLLATERAL CAN BE SOLD OR REPLEDGEDAssets received as collateral Collateral received as at 31 Dec. 2008 Collateral received as at 31 Dec. 2009Fair values of collateralFair values ofheldcollateralheldFair value ofcollateral sold/repledgeFair value ofcollateral sold/repledgeEquity instrument 1,100 0 795 0Debt instruments 22,377 10,658 4,930 1,795Loans and advances 1,931 1,708 2,466 2,387TOTAL 25,408 12,366 8,191 4,182Figures as at 31 December 2008 were restated.Collateral is 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 a usual market practice.Consolidatedfinancial statementsAnnual financial statementsB. INFORMATION ON FINANCIAL ASSETS PLEDGED AS COLLATERALCarrying amount of financial assets pledgedas collateral as at 31 Dec. 2008Carrying amount of financial assets pledgedas collateral as at 31 Dec. 2009For liabilities For contingent liabilities For liabilities For contingent liabilities195,319 0 144,713 0Figures as at December 2008 were restated.Assets 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 ofCredit-Support Annex (CSA). Repurchase agreements reimbursement amount was EUR 44 billion as at 31 December 2008 andEUR 53 billion as at 31 December 2009.Additional information198Dexia Annual report 2009