Mizuho Bank Europe Annual Report 2018

54 MIZUHO BANK EUROPE N.V. 16. Amounts owed to customers The specification of the amounts owed to customers is as follows: (in €’000) 31/12/2018 31/12/2017 Current accounts 883,577 784,213 Term deposits 1,462,742 1,279,422 2,346,319 2,063,635 17. Derivatives The specification of the derivatives recorded at fair value through the profit and loss is as follows: (in €’000) 31/12/2018 31/12/2017 Interest rate swaps 35,213 44,515 Cross currency swaps 5,056 20,183 Interest rate caps - 203 DVA adjustment (830) (923) 39,439 63,978 The specification of the gross notional amounts of the derivatives is as follows: (in €’000) 31/12/2018 31/12/2017 Interest rate swaps 505,627 555,352 Cross currency swaps 272,009 370,395 Interest rate caps - 28,243 The specification of the fair values and the related notional amounts of the derivatives is as follows: Notional amounts 31/12/2018 (in €’000) Total < 1 year >1 year < 5 year > 5 year Fair value Interest rate swaps (fair value) 505,627 375 280,886 224,366 35,213 Interest rate swaps (at cost) 386,554 250,532 126,472 9,550 590 Cross currency swaps (fair value) 272,009 272,009 - - 5,056 Cross currency swaps (at cost) 83,102 31,850 51,252 - 3,469 CAPS (fair value) - - - - - Notional amounts 31/12/2017 (in €’000) Total < 1 year >1 year < 5 year > 5 year Fair value Interest rate swaps (fair value) 555,352 55,838 297,751 201,763 44,515 Interest rate swaps (at cost) 122,562 35,500 71,649 15,413 395 Cross currency swaps (fair value) 370,395 360,395 10,000 - 20,183 Cross currency swaps (at cost) 133,163 13,407 119,756 - 10,665 CAPS (fair value) 28,243 - - 28,243 203 The counterparty of all these transactions is Mizuho Bank Ltd., London branch; the counterparty risk is therefore considered to be limited.