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## Structure of residual terms for banking business 

The following presents loans and advances and liabilities in the bank- ing business according to their final maturity or call date. 

<img src='content_image/4497.jpg'>

## Trustee business in banking business 

The table below presents a breakdown of trustee business in bank- ing business not reported in the balance sheet: 

<img src='content_image/4500.jpg'>

## Other banking information 

_ Loans and advances (after loan loss allowance) to banks and cus- tomers include reverse repos totaling ¤ 154,441 (2002: 98,063) mn. Liabilities to banks and customers include repo transactions amounting to ¤ 92,876 (2002: 63,573) mn. 

_ Subordinated assets amounted to ¤ 282 (2002: 473) mn. 

_ At the balance-sheet date there were commitments to repurchase assets sold under repurchase agreements with a net book value of ¤ 103,860 (2002: 61,068) mn. 

_ An amount of ¤ 134 (2002: 287) mn eligible for refinancing with the central bank is held in cash funds. 

## 40 Use, treatment and reporting of derivative financial instruments 

Derivatives derive their market values from one or more underlying assets or specified reference values. 

Examples of derivatives include contracts for future delivery in the form of futures or forwards, options on shares or indices, inter- est rate options such as caps and floors, and swaps relating to both interest rates and non-interest rate markets. The latter include agree- ments to exchange previously defined assets or payment series. 

The use of derivatives by individual enterprises in the Allianz Group is in compliance with the relevant supervisory regulations and the Group’s own internal guidelines. In addition to local management supervision, comprehensive financial and risk management systems are in force across the Group. Further information on the risks hedged and the Group’s risk management systems is included in the Manage- ment Report under “Risk Management”. 

