PET - Plain English Taxonomy

Label: Assets Derivative Financial Instruments Other Contracts Bought Amount
TREF ID: DE8470
Data Type: xbrli:monetaryItemType
Period Type: instant
Balance Type: debit
Business Description & Guidance:
This is a balancing item in the list in which it is being used.This balancing item represents total derivative contracts less those contracts which are classed as any of the following:- Interest rate contracts;- Foreign exchange contracts;- Gold contracts; - Precious metals contracts; or- Equity contracts.Bought (long) positions represent assets, or instruments, that have been purchased by the reporting party. With regard to options, this refers to the purchase of the option contract itself.Options provide the reporting party with the right but not the obligation to buy (call options) or sell (put options) a specific amount of an asset on or before a specified future date.Derivatives are generally defined as those instruments/contracts, where the value is based on other products, and/or on prices associated with financial products. Derivative contracts involve:- Future delivery, receipt or exchange of financial items such as cash or another derivative instrument; or- Future exchange of real assets for financial items where the contract may be tradeable and has a market value.The contracts can either be binding on both parties (e.g. as with a currency swap) or subject to the exercise by one party of a right contained within the contract (as with options).Report this item regardless of whether favourable or unfavourable to the reporting entity. 

Usage
Form Labels
Label:
Other Derivative Contracts - Long