2005 Annual Report Julius Baer Holding Ltd. - GAM Holding AG

Notes
The portfolio of the Group is broadly diversified. There were no engagements on 31 December 2004 or on
31 December 2005 which resulted in a concentration of assets or liabilities. The clients and other counterparties
from the Group’s lending operations are domiciled primarily in Switzerland and in other OECD countries. The
following schedule shows the credit risks by type of counterparty as well as by domicile. Loans to clients are
generally granted in the form of lombard credits with broadly diversified collateral.
Counterparty risks
84 JULIUS BAER GROUP
Central governments Banks Other (collateral) Other (no collateral) Total
CHF m CHF m CHF m CHF m CHF m
31.12.2005
Balance sheet transactions
Switzerland 167.3 1883.0 2134.9 695.7 4880.9
Other OECD countries 240.8 10224.7 3993.1 1086.2 15544.8
Latin America - - 31.1 0.3 31.4
Other countries - 358.9 1614.1 235.6 2208.6
Total balance sheet transactions 408.1 12466.6 7773.2 2017.8 22665.7
Contingent liabilities
Switzerland - 8.4 124.5 39.0 171.9
Other OECD countries - 5.9 217.8 0.3 224.0
Latin America - - 27.4 27.4
Other countries - 2.8 239.0 0.1 241.9
Total contingent liabilities - 17.1 608.7 39.4 665.2
Total counterparty risks 408.1 12483.7 8381.9 2057.2 23330.9
31.12.2004
Balance sheet transactions
Switzerland 170.9 839.5 822.2 668.1 2500.7
Other OECD countries 715.6 6907.6 2510.3 1120.1 11253.7
Latin America - - 29.9 3.9 33.8
Other countries 0.2 141.9 1348.7 221.6 1712.4
Total balance sheet transactions, restated 886.7 7889.0 4711.1 2013.7 15500.5
Contingent liabilities
Switzerland - 2.5 41.9 20.1 64.5
Other OECD countries - 3.2 191.7 10.2 205.1
Latin America - - 4.3 13.3 17.6
Other countries - - 103.0 8.3 111.3
Total contingent liabilities - 5.7 340.9 51.9 398.5
Total counterparty risks 886.7 7894.7 5052.0 2065.6 15899.0