39 Fair value hierarchy of financial instruments
audited information

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in CHF thousands

31.12.2009

 

Level 1

Level 2

Level 3

Total

Trading portfolio assets

1'778

1'798

0

3'576

Derivative financial instruments

0

128'925

0

128'925

Financial investments at fair value
through profit and loss

1'512'313

411'390

2'074'354

3'998'057

of which net due from insurance contracts

881'629

309'862

2'074'354

3'265'845

Total assets

1'514'091

542'113

2'074'354

4'130'558

 

 

 

 

 

Financial liabilities at fair value
through profit and loss

881'629

442'284

2'074'354

3'398'267

Derivative financial instruments

0

114'671

0

114'671

Total liabilities

881'629

556'955

2'074'354

3'512'938

Movements of level 3 financial instruments

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in CHF thousands

Assets

Liabilities

Risk from Level 3

 

Financial investments at fair value through profit and loss

Financial
liabilities at
fair value through profit and loss

 

As at 31 December 2008

1'812'033

1'812'033

0

Profit/loss

–237'417

–237'417

0

Purchases

242'297

242'297

0

Disposals

–120'047

–120'047

0

Newly issued insurance contracts

391'470

391'470

0

Expired or terminated insurance contracts

–13'982

–13'982

0

As at 31 December 2009

2'074'354

2'074'354

0

Level 1: The fair value of listed securities and derivatives contained in the trading portfolio and financial investments is determined on the basis of market price quotes on an active market.

Level 2: If no market price quotes are available, the fair value is determined by means of valuation methods or models, which are based on assumptions made on the basis of observable market prices and other market quotes.

Level 3: For the remaining financial instruments neither market price quotes nor valuation methods or models based on market prices are available. Our own valuation methods or models are used to establish the fair value of these instruments.