Table XVIIINon-exchange Traded Commodity Contract Maturities | |||||||
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| December 31, 2003 | |||||||
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| (Dollars in millions) | Asset Positions |
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Liability Positions |
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| Maturity of less than 1 year | |
$ | 1,890 | |
$ | 2,027 | |
| Maturity of 1-3 years | |
|
2,075 | |
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1,796 | |
| Maturity of 4-5 years | |
|
627 | |
|
509 | |
| Maturity in excess of 5 years | |
|
476 | |
|
485 | |
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| Gross fair value of contracts | |
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5,068 | |
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4,817 | |
| Effects of legally enforceable master netting agreements | |
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(3,344 | ) | |
(3,344 | ) |
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| Net fair value of contracts outstanding, December 31, 2003 | |
$ | 1,724 | |
$ | 1,473 | |
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