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.

 

2021

2020

Credit substitute guarantees

37,712

41,009

Non-credit substitute guarantees

34,332

32,095

Total contingent liabilities

72,044

73,104

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.

 

2021

2020

Undrawn debit limits on current accounts and credit cards

387,188

385,280

Accepted loans not yet paid out

1,142,696

1,442,923

Valid loan offers not yet accepted

128,257

107,634

Other facilities

454,983

496

Total irrevocable facilities

2,113,124

1,936,333

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 EUR 9,214 million (2020: EUR 8,166 million) and in the United Kingdom EUR 1,335 million (GBP 1,123 million, 2020: EUR 1,099 million or GBP 985 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 15.7 million in 2021 (2020: EUR 12.2 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 171 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 778 regarding the use of a banking system.

  • For a period of at least 3 years a fixed annual payment of EUR 497 regarding a regulatory reporting tool.

  • For a period of at least 1 year a variable annual charge of approximately EUR 78regarding an application and database server.

  • For a period of at least 1 year a variable annual charge of approximately EUR 61 regarding the support of a customer engagement tool.

  • For a period of at least 4 years a variable annual charge of approximately EUR 2,400 regarding the use of a banking system.

  • For a period of at least 2 years a variable annual charge of approximately EUR 68 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 2,826

  • Services relating payment transactions for a period of at least 2 years with a variable annual charge of approximately EUR 4,500.

  • Services relating payment transactions for a period of at least 1 year with a variable annual charge of approximately EUR 90.

  • Services relating payment transactions for a period of at least 1 year with a variable annual charge of approximately EUR 126.

  • Services relating private banking for a period of at least 1 year with a variable annual charge of approximately EUR 739.

  • Services relating payment transactions for a period of at least 2 years with an annual charge of approximately EUR 41.

  • 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 633.

  • Services relating protection of payment systems for a period of at least 0.5 years with a variable annual charge of approximately EUR 570.

  • Services relating to credit checks / business information searches with an estimated annual charge of EUR 331.

  • Services relating to provision of debit cards with an estimated annual charge of EUR 472.

  • Services relating maintenance of building equipment for a period of at least 1 year with an annual charge of EUR 93.

  • Security services with an annual charge of EUR 58.

  • Services relating providing temporary co-workers for the customer due diligence teams for a period of at least 3 months with an variable annual charge of approximately EUR 2,731.

  • 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 1,487.

  • Audit services for at least a period of 2 years with a variable annual charge of approximately EUR 2,500.