Contingent liabilities

This item relates to credit-substitute guarantees and non-credit-substitute guarantees that are partly secured by blocked accounts for the same amount.

 

2020

2019

 

 

 

Credit substitute guarantees

41,009

75,901

Non-credit substitute guarantees

32,095

31,594

 

 

 

 

73,104

107,495

Credit substitute guarantees are guarantees to customers for loans provided to these customers by other banks. Non-credit substitute guarantees are guarantees to customers for all other obligations of these customers to third parties. For example:

  • Obligations to purchase sustainable goods, such as wind turbines.

  • Obligations to decommission equipment or reinstate property (mostly related to project finance provided by Triodos Bank).

The decrease of the credit substitute guarantees is mainly due to the repayment of two large loans which were guaranteed by Triodos Bank.

Irrevocable facilities

These relate to the total liabilities in respect of irrevocable undertakings, which may lead to a further loan.

 

2020

2019

 

 

 

Undrawn debit limits on current accounts and credit cards

385,280

252,564

Accepted loans not yet paid out

1,442,923

1,120,627

Valid loan offers not yet accepted

107,634

28,972

Other facilities

496

287

 

 

 

 

1,936,333

1,402,450

The increase of the irrevocable facilities is mainly due to the increase in mortgage loan offers issued and outstanding construction morgage accounts.

Other off-balance sheet liabilities

In addition to the contingent liabilities and irrevocable facilities reported on the balance sheet the deposit guarantee scheme and the investor compensation scheme is applicable as stated in Article 3:259 of the Financial Supervision Act in the Netherlands. From May 2019 the funds entrusted from the United Kingdom are insured under the Financial Services Compensation Scheme as defined by the Financial Services and Markets Act 2000 in the United Kingdom. The funds entrusted insured under the deposit guarantee scheme in the Netherlands amounts  to 8,166 million (2019: 7,211 million) and in the United Kingdom 1,099 million (£ 985 million, 2019: 990 million or £ 838 million. In 2016 the annually ex-ante contribution to the Deposit Guarantee Fund started in the Netherlands in order to reach a target level of 0.8% of the insured funds entrusted in The Netherlands in 2024. The contribution to the Deposit Guarantee Fund amount to EUR 12.2 million in 2020 (2019: EUR 10.5 million).  

Commitments for software use

in thousands of EUR

The following commitments have been entered for software use:

  • For a period of at least 1 year a fixed annual payment of EUR 168 regarding a mortgage tool.

  • For a period of at least 1 year a fix annual payment of EUR 145 regarding a customer due diligence application.

  • For a period of at least 1 year a variable annual charge of approximately EUR 662 regarding the use of a banking system.

  • For a period of at least 4 year a fixed annual payment of EUR 470 regarding a regulatory reporting tool.

  • For a period of at least 1 year a variable annual charge of approximately EUR 90 regarding an application and database server.

  • For a period of at least 1 year a variable annual charge of approximately EUR 25 regarding the support of a customer engagement tool.

  • For a period of at least 1 year an annual charge of EUR 78 regarding the support of a securities administration tool.

  • For a period of at least 5 years a variable annual charge of approximately EUR 2,207 regarding the use of a banking system.

  • For a period of at least 2 years a variable annual charge of approximately EUR 65 regarding the use of an asset management tool.

Other Commitments

in thousands of EUR

The following commitments have been entered:

  • Services relating managing of mortgages for a period of at least 1 year with an annual charge of EUR 2,638

  • Services relating payment transactions for a period of at least 2 years with a variable annual charge of approximately EUR 4,800.

  • Services relating payment transactions for a period of at least 1 year with a variable annual charge of approximately EUR 100.

  • Services relating payment transactions for a period of at least 1 year with a variable annual charge of approximately EUR 121.

  • Services relating private banking for a period of at least 1 year with a variable annual charge of approximately EUR 600.

  • Services relating payment transactions for a period of at least 1 year with an annual charge of approximately EUR 32.

  • Services relating payment transactions for a period of at least 2 years with an annual charge of approximately EUR 32.

  • Services relating payment transactions for a period of at least 1 years with an annual charge of approximately EUR 379.

  • Services relating clearing and payment transactions for a period of at least 1 year with an annual charge of EUR 480.

  • Services relating protection of payment systems for a period of at least 0.5 years with a variable annual charge of approximately EUR 550.

  • Services relating to credit checks / business information searches with an estimated annual charge of EUR 212.

  • Services relating to provision of debit cards with an estimated annual charge of EUR 391.

  • Services relating maintenance of building equipment for a period of at least 0.5 year with an annual charge of EUR 42.

  • Security services with an annual charge of EUR 93K.

  • Services relating providing temporary co-workers for the customer contact centre for a period of at least 3 months with an variable annual charge of approximately EUR 1,075.

  • Services relating to crowdfunding platforms for at least 1 year with an annual charge of EUR 53.

  • Management of investment accounts until end of 2021 with an annual charge of EUR 259k including transaction charges.

  • Audit services for at least a period of 3 years with a variable annual charge of approximately EUR 2,300.