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2018 Pillar 3 Disclosures
Credit and dilution risks
Assets which, as at 31 December 2018, are committed (contributed as collateral or guarantee
against certain liabilities) and any unencumbered assets are detailed below:
Encumbered assets mostly correspond to collaterals pledged to guarantee derivatives operations,
and debt securities that are handed over in reverse repurchase agreement operations.
Outlined below are the guarantees received which are used in collaterals taken for derivatives
operations and in guarantees taken from reverse purchase lending operations and securities
lending:
Guarantees received in the form of the reverse purchase lending operations or securities
lending are committed through their use in reverse purchase agreement operations, as is done
with debt securities.
Encumbered assets
4 | 4.11
Book value
of encumbered
assets
Fair value of
the encumbered
assets
Book value of
unencumbered
assets
Fair value of the
unencumbered
assets
Assets of the declaring bank
1,047,198
8,602,630
Loans on demand
0
3,148,062
Equity instruments
4,503
4,503
265,629
264,431
Debt securities
636,647
634,558
1,647,550
1,629,231
Loans and advances other than loans
on demand
406,048
2,069,761
Other Assets
0
1,471,628
Thousands of euros.
Exposure type
Fair value of collaterals
received, or of own
issued encumbered debt
securities
Fair value of collaterals
received, or of own issued
debt securities available
for encumbrance
Collaterals received by the declaring bank
141,556
1,509,450
Equity instruments
389
155,864
Debt securities
71,460
1,176,854
Other collateral received
69,707
176,732
Own debt securities issued other than covered bonds
or securitisation bonds for own assets
0
0
Thousands of euros.