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TRANSCRIPT
31.03.2004
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2003 312002 312003 312002 31( " )( " )
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-3,3903,390241(1)3,6302,9462,94621(6)2,961
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3,5103,510245(1)3,7543,0533,05321(7)3,067: (2)
-10,2739,987310(24)10,2739,4069,476132(202)9,406
( )8,7958,84627(78)8,7956,1626,08382(3)6,16210,64310,502162(21)10,64312,49012,427175(112)12,49029,71129,335499(123)29,71128,05827,986389(317)28,058
( )1,3991,33170(2)1,399821846-(25)821
31,11030,666569(125)31,11028,87928,832389(342)28,879: (3)
-3,3313,193140(2)3,3312,7122,71520(23)2,712
( )88185328-88148646818-48690688227(3)90684083526(21)840
5,1184,928195(5)5,1184,0384,01864(44)4,038
52443788(1)5241732104(41)173
5,6425,365283(6)5,6424,2114,22868(85)4,21140,26239,5411,097(132)40,50636,14336,113478(434)36,157
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.Collateralized Mortgage Obligations (.( " 517 - 2002 31) , " 492 ( )
2003.
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( )99--91010--10
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-9,6459,429240(24)9,6458,6528,75296(196)8,652
( )83803-83103985-1035335268(1)533606675-(69)606
6,0455,948108(11)6,0454,9684,947101(80)4,96816,30615,983359(36)16,30614,32914,472202(345)14,329
( )77671561-776227242-(15)227
17,08216,698420(36)17,08214,55614,714202(360)14,556: (3)
-3,1993,066135(2)3,1992,6292,63318(22)2,629
( )87885028-87847745918-47789086627(3)89082481626(18)824
4,9674,782190(5)4,9673,9303,90862(40)3,930
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4,9674,782190(5)4,9673,9323,91062(40)3,93225,38224,813851(42)25,62221,10321,239285(403)21,121
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.Collateralized Mortgage Obligations (.( " 63 - 2002 31) , " 41 ( )
2003.
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2003 312002 312003 312002 31( " )( " )
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( )6,6251,0477,6725,7401,0866,8264,6161,0345,650 :
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5,2357155,9504,1226634,7853,3036403,9431,978181,9961,931712,0021,660751,735(239)(12)(251)(167)(19)(186)(240)(52)(292)(24)-(24)(21)-(21)(20)-(20)
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14028511,5063,92511,3343,87428553014,1812,10913,9782,0065301,0609,0411,7308,9501,571
1,0601,7704,5699314,6828691,7703,5006,0521,4696,0781,3963,5007,1008,2912,1708,1272,0167,10017,70014,7294,02214,1553,940
17,70035,00013,5014,94513,4094,51935,000177,00032,87513,05034,13112,838
177,000355,00018,2498,54515,1416,139355,000710,00018,5944,12621,4074,955710,0003,8052945,8241,484
1,065,0001,5427191,8044421,420,0002,2752,3122,4292,0791,770,000----2,130,000-2,1908161,423
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2002 31 2003 31
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114,403
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4,2133,1112,056
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113,21475,62743,07915,304
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210,938169,319162,118
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1,234,606
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072775462484547187541,5487371,480
18351,3262,5911,2812,49535702,1374,9992,0314,864701402,4435,8292,4095,825
1402852,5913,2132,6323,5582855302,2951,1982,4401,4835301,0603,0741,0123,1621,118
1,0601,7702,6596512,7876821,7703,5004,4901,0724,6071,0263,5007,1006,3901,3386,4111,3537,10017,70010,6922,68910,8012,720
17,70035,0009,6893,0529,9603,14435,000177,00028,94710,43529,24010,059
177,000355,00016,4668,10815,1146,240355,000710,00019,1844,19522,0805,287710,0003,7972945,0971,462
1,065,0001,5427191,7964501,420,0002,3463,9622,4292,0791,770,000----2,130,000-2,1908161,4232,480,000--332,5332,840,00016,472213,371
121,10066,113126,13263,106. , " 7,100
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1,5991,257
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2003 312002 31
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5,934
152,529144,114
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88,42833,26610,571
356,189
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86,98630,821
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1,563
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2003 312002 312003 312002 31( " )( " )
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7,613476(55)8,0345,061405(44)5,4222,5522,612
( )( )2,41531(21)2,4251,04531(12)1,0641,3701,361
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2003 312002 312003 312002 31( " )( " )
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2003 312002 312003 312002 31( " )( " )
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2003 312002 312003 312002 31( " )( " )
1,6781,7751,5791,697(1,581)(1,729)(1,513)(1,656)
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11,5975778,6721,4301,487-23,76311,8643,84419,8531,8379411,92340,262
( )51,92554,79446,8234,69310,916-169,15141389798--1,129-----1,3611,361-----2,6122,612
2,487362,5891,2147411,2408,30777,87759,38978,9169,18214,0857,136246,585
77,18439,36964,55314,9187,562-203,5864931,7781,233384669-4,5575921,325986---2,903
,1186,7633,732---10,613
2,5932,1352,2077361,0371,74710,45580,98051,37072,71116,0389,2681,747232,114(3,103)8,0196,205(6,856)4,8175,38914,471
: ( )--67(39)(28)--
( )-------( )-------:
( )3,754(603)(5,297)6,618(4,472)--( )477-(664)237(50)--
( )(261)-26118(18)--8677,416572(22)2495,38914,471
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( )624-(829)303(98)--( )(759)(23)619481(318)--
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2002 31( )
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10,3256707,7053,3521,719-23,7716,9084,95421,74890663399436,143
( )50,13255,03552,7463,59010,258-171,761-2011,19728--1,426-12---1,3381,350-----2,5522,552
2,276802,0099135686716,51769,64160,95285,4058,78913,1785,555243,520
:--197(79)(118)--
74,21543,02066,64114,1786,947-205,0015051,0981,020326722-3,6715351,632742195-2,933
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1,5572,2082,1486327748118,13076,92854,52774,09115,1558,448811229,960(7,287)6,42511,314(6,366)4,7304,74413,560
: ,9,017(683)(10,302)6,474(4,506)--
( )485(1)(440)(135)91--( )26(3)(50)(11)38--
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11,49915,96210,4701,3211,119-40,37111,6244,1347,3091,42611377625,382
( )49,75027,26333,1214,0446,372-120,55041389538--1,103
( )34417330-388,7839,368-----2,1602,160
1,75422,0411,2055337856,32074,97547,67253,9248,0048,17512,504205,254
75,69934,32246,33214,2514,235-174,8397516201,14937394-2,987
131,302150---1,465-3,844257---4,101
2,0082,1321,4996286457377,64978,47142,22049,38715,2524,974737191,041(3,496)5,4524,537(7,248)3,20111,76714,213
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( )3,736(603)(5,449)6,810(4,494)--( )477-(664)237(50)--
( )(261)-26118(18)--4564,849(1,315)(183)(1,361)11,76714,213
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2002 31( )
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10,79417,1958,6652,9691,353-40,9766,7005,0418,3806609322921,103
( )47,88427,39141,1272,8836,280-125,565-2011,16211--1,374
( )37525131-368,2638,956-----2,1282,128
1,94461,3609084195215,15867,69750,08560,7257,4318,18111,141205,260
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2003 31
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( )1,6372159682141,21487169--4,432-3,754( )154(39)36628-(197)-(47)--265-216
:1,5122,47110,41610,0537,5885,8764,75818,94416,2313,16481,01319759,3891,0531,23712,2268,0785,4745,2554,32313,52912,88088764,94211451,370
4591,234(1,810)1,9752,1146214355,4153,3512,27716,071838,019( )(15)(32)(496)(43)(6)(19)(5)(8)--(624)-(603)
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(15,684)(4,733)3,8366,8935,5453,6681,8432,9389002775,4837342,772( )(1,622)(183)(472)(171)(1,208)11(2)(161)--(3,808)-(3,151)
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: ------------7,1367,136-----------1,7471,747-----------5,3895,389
:64,24425,01848,07725,80523,54714,90010,45131,64518,4583,514265,65913,270246,58584,90125,48655,30316,42415,0338,2156,44521,38513,284992247,4682,647232,114
( )(20,657)(468)(7,226)9,3818,5146,6854,00610,2605,1742,52218,19110,62314,471
( ) - 2002 31 -
( )( )( " )
- 2002 31 -:
63,02223,22850,68221,21515,03012,33910,45322,84613,0472,9118,747243,52080,26327,78247,81220,58211,2926,6246,00216,88010,2504542,019229,960
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2003 31
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:35,8217,94315,5813,2575,5681,7485184,3694-74,8094,87474,97534,4275,59627,3295,3426,4319552523851493180,89727878,4711,3942,347(11,748)(2,085)(863)7932663,984(145)(31)(6,088)4,596(3,496)
( )1,6372059592141,21487169--4,413-3,736( )154(39)36628-(197)-(47)--265-216
:1,3372,1109,1479,0086,0884,7903,21413,35611,99628561,33118147,672
9531,12511,1016,8494,2143,8683,3669,54110,92381752,75710442,220384985(1,954)2,1591,874922(152)3,8151,073(532)8,574775,452
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(15,195)(3,717)5,2526,4354,8842,9721,1471,2151592773,4297331,619( )(1,622)(173)(463)(171)(1,208)11(2)(161)--(3,789)-(3,133)
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2003 31
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1,69964303-66-----2,13272,119(1,124)73(162)354225---(1,129)(7)(1,129)
: ------------12,50412,504-----------737737-----------11,76711,767
:55,27121,44340,29520,33318,27210,9506,09222,71312,393634208,39618,294205,25469,81221,75548,90713,78912,3356,2614,82613,69911,306920203,6101,128191,041
( )(14,541)(312)(8,612)6,5445,9374,6891,2669,0141,087(286)4,78617,16614,213
( ) - 2002 31 -
( )( )( " )
- 2002 31 -51,69419,62243,51817,28012,38010,5557,93918,2869,57824314,165205,26066,14623,17743,64817,8389,8905,7604,56410,6888,9793381,085192,113
(14,452)(3,555)(130)(558)2,4904,7953,3757,598599(95)13,08013,147
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31 312003200220032002
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1,9471,7638,7098,494
7591,20711,41511,464
31
20032002( ) (1)
29504911418179502458
34534612019048491458
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74381313634
743912-3534
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31 312003200220032002
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5 16324556575836782312205273--57495631
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2003 312002 31
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23,02573823,76323,70121,9131,85823,77123,72136,7523,51040,26240,50632,7633,05335,81635,83788,91280,239169,151170,05983,84187,879171,720170,447
401,0891,1291,130411,3851,4261,4286,269-6,2696,2693,958-3,9583,958
154,99885,576240,574241,665142,51694,175236,691235,391
144,57259,014203,586204,870134,82969,903204,732203,6642,5661,9914,5574,5872,2951,3763,6713,5921,3931,5102,9032,8511,1221,8112,9332,754
13210,48110,61310,959-10,22010,2209,8796,274-6,2746,2743,715-3,7153,715
154,93772,996227,933229,541141,96183,310225,271223,604
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2003 312002 31
( )( )"( )( )"( " )( " )
20,50319,86840,37140,81720,48720,48940,97640,54622,0483,33425,38225,62218,2362,61420,85020,86974,37546,175120,550120,35174,88650,639125,525124,402
131,0901,1031,104231,3511,3741,3764,836-4,8364,8363,057-3,0573,057
121,77570,467192,242192,730116,68975,093191,782190,250
126,17148,668174,839175,613107,90067,846175,746174,4891,8791,1082,9873,0072,2771,3833,6603,643
131,4521,4651,410-1,7451,7451,5751323,9694,1014,392-4,0424,0423,947
4,226-4,2264,2263,050-3,0503,050132,42155,197187,618188,648113,22775,016188,243186,704
- ( ). 3 3
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( ) - 18
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2003 31
-
( " ) .1
1 .
SWAPS-9,461107---9,461107--
(swaps) :-3,769
1,2 ALM .
FUTURES-11,644--42FORWARD5268,98257,954-271
-53,1669,652--53,2179,652-
289,22528,2001,227--9,54028,0331,813-
SWAPS113,422742--55552,823121,31222,344313
(swaps) :-6,714
1 .SWAPS-549---
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----206-------6,128----6,128-206
55562,833127,54722,344519
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( ) - 18
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2003 31
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2003 31
( " )13282,48250411,6124,927
1,5387,1922613752,32411,6901,8669,6747653763,936
: - .
2003 31
( " )
-195324-55523,3398,23126,8114,45262,83375,78045,3494,8071,611127,54716,0555,2349678822,344
201145173-519115,39459,49132,7626,151213,798
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16,617
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( )
2002 31
(1)( " )( , )26,379-( , )12,258-
,4,275-42,912972
(2)(IRS) - 10,621293
(FORWARD) - 242122511
11,088305 - -584 - -442
2002 31
( " ) (3)
(FORWARD, FUTURE)15,6161111711(IRS)6,19833013818272
562----279----
22,65534113919983
(Future, Swap, Spot, Forward)52,4811,2761,2848771,10339,587496-455-39,626-478-455
131,6941,7721,7621,3321,558154,3492,1131,9011,5311,641
. *
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( ) - 18 ( )
( ):
2002 31
( " ) (1)
( )18,54410,99427,1512,96659,65579,88656,0166,6911,601144,194
,2,9421,359199-4,500101,37268,36934,0414,567208,349
( ) (2)2002 31
"
( " )8,35037,40729-13,86959,655
-45,0322,9512,79793,414144,194 ,166581,316-2,5104,500
8,36683,0974,2962,797109,793208,349
200320022001200320022001( " )( " )
( ) ( )9,4828,84413,6827,3135,77310,010
(25)77151(25)701496504976488288651439708109911,7951,9218931,5793,7401,2198892,363
11,14311,47419,3599,9868,55515,308
( ) ( )(7,498)(6,601)(13,612)(7,528)(5,387)(11,433)
(81)(85)(216)(47)(67)(104)(21)1(13)(21)1(12)(87)(362)(319)(69)(267)(367)
,(213)(497)(752)(215)(210)(170)
(7,900)(7,544)(14,912)(7,880)(5,930)(12,086)
( )( ) ( )11--11--
ALM1,914--1,898--27--13--
1,952--1,922--
-7061-4438-7771,231-7541,199-(219)(883)-(201)(862)-628409-597375
( )241244239197201194
( )66042646752524933219(145)(99)20(72)(70)
920525607742378456
6,1155,0835,4634,7703,6004,053
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200320022001200320022001( " )( " )
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3098312932472503551,3603,3396756882,0552291362722201292588931,5793,7401,2198892,363
: ( )1441801149812574(23)(48)(46)(16)(26)(33)
( )( ) ,327(57)112311(60)107
44875180393391481,3411,6543,9201,6129282,511
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200320022001200320022001( " )( " )
490483462352352356583634570492535509201198199166162165
( ) ,147784106978"110111110105107106
521421384308245232351319247113111110
:4747484-116119131211617978645269342929
2,4582,4322,2601,5971,6221,597
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200320022001200320022001( " )( " )
10185181434( )(11)(42)(72)-(10)(30)
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29219341719326147336214141331204
3,3833,4763,3472,6332,7862,695" :42537831691822
( ), ( ) - 22
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200320022001200320022001( " )( " )
1871842079197142 ,255188183195140137
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1,1357871,068604552621
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200320022001200320022001( " )( " )
-90241081655451582(21)116135(20)116135881526951534167717
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9(115)(134)8(115)(134)(57)(264)(420)55(223)(366)824262531589(56)351
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20032002200120032002200145.76%45.55%45.30%45.76%45.55%45.30%
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200320022001200320022001( " )( " )
278299311247272281*(18)(21)(12)(13)(25)(9)
260278299234247272
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2003200220032002( " )( " )
(849)(909)(832)(898)-63546052
(247)(264)(233)(252)(51)(39)--
(182)(177)(80)(97)105015(14)30243023
(206)(355)-(193)"-(5)-(5)
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, - 29