3 Net trading income

in CHF thousands

2012

2011

+/– %

*

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

757

656

15.4

Foreign exchange trading

25'193

24'774

1.7

Foreign note trading

621

446

39.2

Precious metals trading

2'771

1'688

64.2

Interest rate instruments*

–10'716

–33'756

–68.3

Total net trading income

18'626

–6'192

 

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