Notes on the consolidated balance sheet – assets

(7) Financial assets held to maturity

 

Amortized cost

Unrealized

gains/losses

Fair value

 

31.12.2010

31.12.2009

31.12.2010

31.12.2009

31.12.2010

31.12.2009

Figures in EUR million

           

Government debt securities of EU member states

438

378

13

451

378

US Treasury Notes

386

355

45

35

431

390

Other foreign government debt securities

11

14

1

1

12

15

Debt securities issued by semi-governmental entities 1)

726

698

34

28

760

726

Corporate securities

429

421

18

21

447

442

Mortgage bonds, asset-backed securities

1,009

992

44

46

1,053

1,038

Total

2,999

2,858

155

131

3,154

2,989


1) The debt securities issued by semi-governmental entities include securities of EUR 191 (364) million which are guaranteed by the Federal Republic of Germany, other EU states or German federal states

The item “Mortgage bonds, asset-backed securities” includes covered bonds with a carrying amount of EUR 998 (962) million (99 (97)%).

 

Amortized cost

Fair value

Contractual maturity

31.12.2010

31.12.2009

31.12.2010

31.12.2009

Figures in EUR million

       

Due in one year

344

108

347

119

Due after one through two years

483

281

499

291

Due after two through three years

377

470

396

492

Due after three through four years

404

367

437

383

Due after four through five years

857

300

911

318

Due after five through ten years

480

1,287

512

1,344

Due after ten years

54

45

52

42

Total

2,999

2,858

3,154

2,989

 

Amortized cost

Rating structure of financial assets held to maturity

31.12.2010

31.12.2009

Figures in EUR million

   

AAA

1,731

1,776

AA

728

582

A

407

368

BBB or lower

133

132

Total

2,999

2,858

The rating categories are based on the classifications of leading international rating agencies.

The rating category of “BBB or lower” includes unrated fixed-income securities of EUR 8 (8) million.