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PART III: FINANCIAL HIGHLIGHTS AND RISK MANAGEMENT
CONVENIENCE TRANSLATION OF PUBLICLY ANNOUNCED UNCONSOLIDATED FINANCIAL STATEMENTS ORIGINALLY ISSUED IN TURKISH, SEE NOTE I. OF SECTION THREE
TÜRKİYE VAKIFLAR BANKASI TÜRK ANONİM ORTAKLIĞI
UNCONSOLIDATED FINANCIAL REPORT
FOR THE YEAR ENDED 31 DECEMBER 2015
(Amounts expressed in thousands of Turkish Lira (“TL”) unless otherwise stated.)
5. Information on derivative transactions
Current Period
Prior Period
Trading Derivatives
Foreign Currency Related Derivative Transactions (I)
27,656,170
21,948,443
Currency Forwards
468,760
555,204
Currency Swaps
26,673,880
20,336,691
Currency Futures
-
-
Currency Options
513,530
1,056,548
Interest Rate Derivative Transactions (II)
13,313,758
7,478,238
Interest Rate Forwards
-
-
Interest Rate Swaps
13,313,758
7,478,238
Interest Rate Futures
-
-
Interest Rate Options
-
-
Other Trading Derivatives (III)
8,954,555
6,780,167
A. Total Trading Derivatives (I+II+III)
49,924,483
36,206,848
Hedging Derivatives
-
-
Fair Value Hedges
air Value Hedges
-
-
Cash Flow Hedges
-
-
Hedges for Foreign Currency Investments
-
-
B. Total Hedging Derivatives
-
-
Derivative Transactions (A+B)
49,924,483
36,206,848
31 December 2015
Up to 1
Month
1-3
Months
3-12
Months
1-5
Years
5 Years
and Over
Total
Currency swaps:
Purchase
9,964,069 3,399,460
150,372
-
-
13,513,901
Sale
4,319,332 3,414,782
150,222
-
-
7,884,336
Currency forwards:
Purchase
21,330
60,137
107,684
45,556
-
234,707
Sale
21,304
60,054
107,359
45,336
-
234,053
Cross currency interest rate swaps:
Purchase
-
-
186,709 2,732,075
-
2,918,784
Sale
-
-
120,583 2,236,276
-
2,356,859
Interest rate swaps:
Purchase
-
-
218,250 2,763,121 3,675,508 6,656,879
Sale
-
-
218,250 2,763,121 3,675,508 6,656,879
Options:
Purchase
229,308
13,086
8,586
-
-
250,980
Sale
239,124
13,526
9,900
-
-
262,550
Other trading derivatives:
Purchase
-
-
625,650
-
1,247,145 1,872,795
Sale
5,597,158
-
611,602
-
873,000 7,081,760
Total purchases
10,214,707 3,472,683 1,297,251 5,540,752 4,922,653 25,448,046
Total sales
10,176,918 3,488,362 1,217,916 5,044,733 4,548,508 24,476,437
Total
20,391,625 6,961,045 2,515,167 10,585,485 9,471,161 49,924,483
