3.1 Outstanding securities: breakdown

Type of securities/Value

31.12.2010

31.12.2009

Carrying amount

Fair value

Carrying amount

Fair value

Level 1

Level 2

Level 3

Level 1

Level 2

Level 3

A. Securities

 

 

 

 

 

 

 

 

1. Bonds

-

-

-

-

-

-

-

-

1.1 structured

 

 

 

 

 

 

 

 

1.2 other

 

 

 

 

 

 

 

 

2. Other securities

-

-

-

-

20,443

-

-

20,443

2.1 structured

 

 

 

 

 

 

 

 

2.2 other

 

 

 

 

20,443

 

 

20,443

Total

-

-

-

-

20,443

-

-

20,443

The securities classified in ‘Level 3’ and existing as at 31 December 2009 represent certificates of deposit issued with banking counterparts. Their fair value is in line with the related carrying amount, considering the short to very short terms involved.