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The quarterly data cover contractual lending by the head office and all its branches and subsidiaries on a worldwide consolidated basis, i.e. net of inter-office accounts. Reporting on this contractual lending on an immediate borrower basis allows the allocation of claims to the bank entity that would bear the losses as a result of default by borrowers.
Total claims are broken down by maturity, sector (banks, non-bank private sector and public sector) as well as vis-à-vis country. Furthermore, to reflect the fact that banks' country risk exposures can differ substantially from that of contractual lending due to the use of risk mitigants such as collateral, reporting countries provide information on claims on a so-called ultimate risk basis from June 1999. Moreover, information on exposures resulting from derivatives contracts, guarantees extended and credit commitments are provided as of 2005 Q1.