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40 Payables and other financial liabilities

 

Notes

2008
£m

2007
£m

Derivative liabilities

19

5,219

748

Collateral received from banks

 

668

Other

 

726

861

Payables and other financial liabilities

 

6,613

1,609

Settled within 12 months

 

6,086

1,562

Settled after 12 months

 

527

47

Payables and other financial liabilities settled after 12 months are expected to be settled within five years.