3 Net trading income

(XLS:)

in CHF thousands

First half 2014

First half 2013

+/– %

*

The LLB Group uses interest rate swaps for trading and hedging purposes. If the interest rate swaps do not fulfil the approval criteria according to IAS 39 in order to be booked as hedging transactions, they are treated as interest rate swaps for trading purposes.

Securities

359

–67

 

Foreign exchange trading

13'427

13'715

–2.1

Foreign note trading

506

742

–31.8

Precious metals trading

630

156

303.6

Interest rate instruments*

–34'200

28'215

 

Financial liabilities form insurance contracts

–19'279

42'761

 

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