3 Net trading income

(XLS:)

in CHF thousands

2011

2010

+/– %

*

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

656

58

 

Foreign exchange trading

24'774

25'223

–1.8

Foreign note trading

446

–231

 

Precious metals trading

1'688

4'512

–62.6

Interest rate instruments*

–33'756

–2'053

 

Total net trading income

–6'192

27'509

 

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