The table below presents the portfolio of credit derivatives in which ITAÚ UNIBANCO HOLDING sells protection to third parties, by maturity, and the maximum potential of future payments, gross of any guarantees, as well as its classification by instrument, risk and reference entity.
| 12/31/2017 | ||||||||||||||||||||
| Maximum potential of future payments, gross |
Before 1 year | From 1 to 3 years |
From 3 to 5 years |
Over 5 years | ||||||||||||||||
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By instrument |
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CDS |
6,416 | 1,200 | 2,412 | 2,804 | — | |||||||||||||||
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Total by instrument |
6,416 | 1,200 | 2,412 | 2,804 | — | |||||||||||||||
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By risk rating |
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Investment grade |
1,416 | 449 | 347 | 620 | — | |||||||||||||||
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Below investment grade |
5,000 | 751 | 2,065 | 2,184 | — | |||||||||||||||
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Total by risk |
6,416 | 1,200 | 2,412 | 2,804 | — | |||||||||||||||
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By reference entity |
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Brazilian government |
3,597 | 406 | 1,671 | 1,520 | — | |||||||||||||||
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Government – abroad |
329 | 144 | 90 | 95 | — | |||||||||||||||
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Private entities |
2,490 | 650 | 651 | 1,189 | — | |||||||||||||||
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Total by entity |
6,416 | 1,200 | 2,412 | 2,804 | — | |||||||||||||||
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| 12/31/2016 | ||||||||||||||||||||
| Maximum potential of future payments, gross |
Before 1 year | From 1 to 3 years |
From 3 to 5 years |
Over 5 years | ||||||||||||||||
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By instrument |
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CDS |
8,094 | 1,989 | 3,487 | 2,585 | 33 | |||||||||||||||
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Total by instrument |
8,094 | 1,989 | 3,487 | 2,585 | 33 | |||||||||||||||
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By risk rating |
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Investment grade |
1,854 | 564 | 974 | 283 | 33 | |||||||||||||||
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Below investment grade |
6,240 | 1,425 | 2,513 | 2,302 | — | |||||||||||||||
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Total by risk |
8,094 | 1,989 | 3,487 | 2,585 | 33 | |||||||||||||||
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By reference entity |
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Brazilian government |
5,163 | 1,291 | 1,806 | 2,066 | — | |||||||||||||||
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Government – abroad |
529 | 81 | 413 | 35 | — | |||||||||||||||
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Private entities |
2,402 | 617 | 1,268 | 484 | 33 | |||||||||||||||
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Total by entity |
8,094 | 1,989 | 3,487 | 2,585 | 33 | |||||||||||||||
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