The net settlements of SNA 2008 derivative contracts in a liability position. SNA 2008 derivative contracts in a liability position are those: with a negative mark to market value at the end of the quarter; or that matured during the quarter with a negative mark to market value (requiring a net payment on settlement). It includes the payment to initiate the contract less the payment to settle the contract within the period; and associated cash flows such as interest payments, premiums and variation margins (where they are regarded as clearing the derivative).Assets and liabilities of derivatives are reported separately on a gross basis, no netting or offsetting.