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Notes to the consolidated fnancial statements (continued)

for the year ended 30 June 2011

7. Banking – Specifc disclosures (continued)

7.3 Banking – Derivatives

BANKING

2011 2010 Notional Fair value Notional Fair value value Asset Liability value Asset Liability $m $m $m $m $m $m

Exchange rate-related contracts

Forward foreign exchange contracts 5,117 19 (58) 3,256 67 (31) Cross currency swaps 8,853 88 (2,306) 15,255 287 (1,817) Currency options 27 – – 44 1 (1) 13,997 107 (2,364) 18,555 355 (1,849)

Interest rate-related contracts

Forward rate agreements 1,000 – – 7,050 – (1) Interest rate swaps 45,607 124 (218) 48,729 425 (556) Interest rate futures 2,905 2 (1) 2,868 2 – Interest rate options 240 – – 531 4 (3) 49,752 126 (219) 59,178 431 (560) Total derivative exposures – current 63,749 233 (2,583) 77,733 786 (2,409)

7.4 Banking loans, advances and other receivables

CONSOLIDATED

2011 2010 Note $m $m

Banking

Financial assets at amortised cost

Housing loans 1 30,994 29,107 Consumer loans 558 569 Business loans 15,373 20,042 Other lending 2 2,333 2,100 49,258 51,818 Provision for impairment 7.5.1 (564) (672) 48,694 51,146

Consolidated

General Insurance and Life loans with Banking (55) – Total loans, advances and other receivables 48,639 51,146

Current 9,162 10,823 Non-current 39,477 40,323 Total loans, advances and other receivables 48,639 51,146

Notes

1 Includes securitised housing loan balances of $3.9 billion (2010: $5.2 billion) which has an associated securitised liability of $3.9 billion (2010: $5.2 billion).

2 Balance contains $2.2 billion (2010: $2.1 billion) of collateral representing credit support to secure the Bank’s liability position, as part of the standard ISDA agreement used by the Bank.