11 Derivative assets and liabilities

 

Contract/notional amount
2014
£m

Fair values

 

Assets
2014
£m

Liabilities
2014
£m

Interest rate contracts – held for trading

1,095

17

13

Forward foreign exchange contracts – net investment hedges

589

1

Forward foreign exchange contracts – held for trading

465

66

Derivative assets and liabilities

 

84

13

 

Contract/notional amount
2013
£m

Fair values

 

Assets
2013
£m

Liabilities
2013
£m

Interest rate contracts – held for trading

1,129

31

27

Forward foreign exchange contracts – net investment hedges

558

6

Forward foreign exchange contracts – held for trading

499

101

Derivative assets and liabilities

 

138

27

The descriptions of each type of derivative are given in Note 14 of the group’s consolidated financial statements.