3 Net trading income

in CHF thousands

First half
2012

First half
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 interet rate swaps for trading purposes.

Securities

372

317

17.4

Foreign exchange trading

13'075

11'083

18.0

Foreign note trading

184

14

 

Precious metals trading

560

407

37.6

Interest rate instruments *

–9'101

–6'893

32.0

Total net trading income

5'090

4'928

3.3

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