Deutsche Post Annual Report 2008 - 51 Financial instruments

The following table provides an overview of the recognised derivative assets and liabilities, structured by remaining maturity:

Remaining maturities
€m
	Hedging derivatives				Trading and banking book derivatives
	2007		2008		2007		2008
	Positive fair values	Negative fair values	Positive fair values	Negative fair values	Positive fair values	Negative fair values	Positive fair values	Negative fair values
Less than 3 months	45	138	113	391	316	508	4,736	5,251
3 months to 1 year	5	39	60	32	144	211	356	401
1 to 2 years	18	131	54	58	147	233	404	467
2 to 3 years	15	67	8	139	205	201	456	537
3 to 4 years	7	29	9	162	197	193	659	788
4 to 5 years	23	69	12	178	270	336	958	1,310
More than 5 years	308	400	218	1,733	4,148	3,911	8,284	8,233
	421	873	474	2,693	5,427	5,593	15,853	16,987

Derivatives – classification by counterparties

The following table presents the positive and negative fair values of derivatives by counterparties:

Classification by counterparties
€m
	2007		2008
	Positive fair values	Negative fair values	Positive fair values	Negative fair values
Banks in OECD countries	5,720	6,132	15,994	18,769
Public institutions in OECD countries	–	–	–	–
Other counterparties in OECD countries	117	250	305	564
Counterparties outside the OECD	11	84	28	347
	5,848	6,466	16,327	19,680

Fair values of financial instruments carried at amortised cost or at the hedged fair value

Fair values of financial instruments which are carried at amortised cost or at the hedged fair value are compared with the carrying amounts in the following table:

Carrying amounts/fair value
€m
	2007		2008
	Carrying amount	Fair value	Carrying amount	Fair value
Assets
Cash reserve	3,352	3,352	3,417	3,417
Loans and advances to other banks (loans and receivables)	24,581	24,510	20,368	20,176
Loans and advances to customers (loans and receivables)	85,159	85,414	96,281	99,667
Loans and advances to customers (held to maturity)	456	456	340	340
Allowance for losses on loans and advances	–1,184	–1,184	–1,232	–1,232
Investment securities (loans and receivables)	26,600	25,922	66,859	67,754
Investment securities (held to maturity)	730	731	186	186
Liabilities
Due to banks	61,146	60,935	64,523	64,209
Due to customers	110,740	110,335	117,336	117,873
Securitised liabilities and subordinated debt	15,161	14,753	22,078	20,496

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