11. Securities Pledged under Repurchase Agreements
| In billions of Russian Roubles | 2012 | 2011 |
|---|---|---|
| Trading securities pledged under repurchase agreements | ||
| Federal loan bonds (OFZ bonds) | 19.7 | 0.4 |
| Corporate bonds | 19.5 | 6.1 |
| Corporate shares | 8.0 | 34.3 |
| Foreign government bonds | 6.0 | — |
| Municipal and subfederal bonds | 3.4 | — |
| Russian Federation Eurobonds | 0.5 | 7.0 |
| Investments in mutual funds | — | 0.3 |
| Total trading securities pledged under repurchase agreements | 57.1 | 48.1 |
| Securities designated at fair value through profit or loss pledged under repurchase agreements | ||
| Federal loan bonds (OFZ bonds) | 8.7 | 8.1 |
| Municipal and subfederal bonds | 0.1 | — |
| Corporate shares | — | 1.3 |
| Total securities designated at fair value through profit or loss pledged under repurchase agreements | 8.8 | 9.4 |
| Investment securities available for sale pledged under repurchase agreements | ||
| Federal loan bonds (OFZ bonds) | 401.7 | 25.5 |
| Corporate bonds | 150.2 | 30.8 |
| Foreign government bonds | 26.7 | 0.3 |
| Municipal and subfederal bonds | 25.4 | — |
| Russian Federation Eurobonds | 11.1 | 29.4 |
| Corporate shares | 1.2 | 20.1 |
| Total investment securities available for sale pledged under repurchase agreements | 616.3 | 106.1 |
| Investment securities held to maturity pledged under repurchase agreements | ||
| Federal loan bonds (OFZ bonds) | 160.3 | 136.4 |
| Municipal and subfederal bonds | 60.1 | — |
| Corporate bonds | 47.1 | 0.8 |
| Total investment securities held to maturity pledged under repurchase agreements | 267.5 | 137.2 |
| Total securities pledged under repurchase agreements | 949.7 | 300.8 |
Analysis by credit quality of debt securities pledged under repurchase agreements outstanding at 31 December 2012 is as follows:
| In billions of Russian Roubles | Investment rating | Speculative rating | Not rated | Total |
|---|---|---|---|---|
| Federal loan bonds (OFZ bonds) | 590.4 | — | — | 590.4 |
| Corporate bonds | 89.2 | 102.8 | 24.8 | 216.8 |
| Municipal and subfederal bonds | 72.4 | 16.6 | — | 89.0 |
| Foreign government bonds | 32.7 | — | — | 32.7 |
| Russian Federation Eurobonds | 11.6 | — | — | 11.6 |
| Total debt securities pledged under repurchase agreements | 796.3 | 119.4 | 24.8 | 940.5 |
Analysis by credit quality of debt securities pledged under repurchase agreements outstanding at 31 December 2011 is as follows:
| In billions of Russian Roubles | Investment rating | Speculative rating | Not rated | Total |
|---|---|---|---|---|
| Federal loan bonds (OFZ bonds) | 170.4 | — | — | 170.4 |
| Corporate bonds | 24.9 | 11.5 | 1.3 | 37.7 |
| Russian Federation Eurobonds | 36.4 | — | — | 36.4 |
| Foreign government bonds | — | 0.3 | — | 0.3 |
| Total debt securities pledged under repurchase agreements | 231.7 | 11.8 | 1.3 | 244.8 |
Credit quality in the tables above is based on the rating scale developed by the international rating agencies.
Refer to for the detailed information on securities pledged under sale and repurchase agreements with banks and corporate customers.
All corporate bonds pledged under repurchase agreements are not past due. None of the securities pledged under repurchase agreements were renegotiated.
Currency and maturity analyses of securities pledged under repurchase agreements are disclosed in Note 32. The information on related party balances is disclosed in Note 38.