2004 Annual Report: Financial Review: Statistical Financial Information: Table V Non-exchange Traded Commodity Contracts |
Table V
Non-exchange Traded Commodity Contracts
(Dollars in millions) |
Asset
Positions |
Liability
Positions |
| Net fair value of contracts outstanding, January 1, 2004 |
$ 1,724 |
$ 1,473 |
| Effects of legally enforceable master netting agreements |
3,344 |
3,344 |
| Gross fair value of contracts outstanding, January 1, 2004 |
5,068 |
4,817 |
| Contracts realized or otherwise settled |
(2,196) |
(2,347) |
| Fair value of new contracts (1) |
2,129 |
1,991 |
| Other changes in fair value |
1,643 |
1,440 |
| Gross fair value of contracts outstanding, December 31, 2004 |
6,644 |
5,901 |
| Effects of legally enforceable master netting agreements |
(4,449) |
(4,449) |
| Net fair value of contracts outstanding, December 31, 2004 |
$ 2,195 |
$ 1,452 |
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