Derivative financial instruments

Derivative financial instruments
€m
	2007		2008				Fair values 2008 according to maturity
	2007		2008				Assets						Liabilities
	Notional amount	Fair value	Notional amount	Fair value of assets	Fair value of liabilities	Total fair value	Less than 1year	Up to 2 years	Up to 3 years	Up to 4 years	Up to 5 years	More than 5 years	Less than 1year	Up to 2 years	Up to 3 years	Up to 4 years	Up to 5 years	More than 5 years
Interest rate products
Interest rate swaps	1,209	–24	1,197	46	–54	–8	0	0	0	33	0	13	0	0	0	0	0	–54
of which cash flow hedges	367	–13	354	12	–54	–42	0	0	0	0	0	12	0	0	0	0	0	–54
of which fair value hedges	842	–11	843	34	0	34	0	0	0	33	0	1	0	0	0	0	0	0
of which held for trading	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
	1,209	–24	1,197	46	–54	–8	0	0	0	33	0	13	0	0	0	0	0	–54
Currency derivatives
Currency forwards	1,768	–40	5,927	152	–436	–284	149	3	0	0	0	0	–417	–8	–7	–3	–1	0
of which cash flow hedges	1,063	–41	961	77	–50	27	74	3	0	0	0	0	–31	–8	–7	–3	–1	0
of which net investment hedges	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
of which held for trading	705	1	4,966	75	–386	–311	75	0	0	0	0	0	–386	0	0	0	0	0
Currency options	460	–11	460	19	–8	11	19	0	0	0	0	0	–8	0	0	0	0	0
of which cash flow hedges	460	–11	460	19	–8	11	19	0	0	0	0	0	–8	0	0	0	0	0
Currency swaps	1,977	9	4,604	306	–123	183	306	0	0	0	0	0	–123	0	0	0	0	0
of which cash flow hedges	311	1	261	28	–5	23	28	0	0	0	0	0	–5	0	0	0	0	0
of which held for trading	1,666	8	4,343	278	–118	160	278	0	0	0	0	0	–118	0	0	0	0	0
Cross-currency swaps	299	–12	269	3	–31	–28	0	0	0	0	0	3	0	0	–12	–19	0	0
of which cash flow hedges	203	17	193	3	–12	–9	0	0	0	0	0	3	0	0	–12	0	0	0
of which fair value hedges	95	–29	76	0	–19	–19	0	0	0	0	0	0	0	0	0	–19	0	0
of which held for trading	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
	4,505	–54	11,260	480	–598	–118	474	3	0	0	0	3	–548	–8	–19	–22	–1	0

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