Derivative Financial Instruments (Tables)

9 Months Ended

Sep. 30, 2013

Derivative Financial Instruments

Schedule of fair value of derivative instruments presented on a gross basis

	September 30, 2013						December 31, 2012
(dollars in thousands)	Notional Amount		Derivative Assets		Derivative Liabilities		Notional Amount		Derivative Assets		Derivative Liabilities
Non-Designated Hedging Instruments
Cross currency interest rate	$	-	$	-	$	-	$	416,636	$	26,699	$	-

Schedule of amount of gain (loss) for cash flow hedges recognized in accumulated other comprehensive income or loss, reclassified from accumulated other comprehensive income or loss into other revenues - other (effective portion), and recognized in other revenues - other (ineffective portion)

			From AOCI(L) (a) to						Recognized
			Other						in Other
			Revenues -		Interest				Revenues -
(dollars in thousands)	AOCI(L)		Other		Expense		Earnings (b)		Other
Three Months Ended
September 30, 2013
Cross currency interest rate	$	-	$	-	$	-	$	-	$	-
Three Months Ended
September 30, 2012
Cross currency interest rate	$	-	$	293	$	899	$	1,192	$	-
Nine Months Ended
September 30, 2013
Cross currency interest rate	$	-	$	-	$	160	$	160	$	-
Nine Months Ended
September 30, 2012
Cross currency interest rate	$	(16,987)	$	(12,453)	$	975	$	(11,478)	$	(426)

(a) Accumulated other comprehensive income (loss).

(b) Represents the total amounts reclassified from accumulated other comprehensive income or loss to other revenues – other and to interest expense for cash flow hedges as disclosed on our condensed consolidated statement of comprehensive income (loss).

Schedule of amounts recognized in other revenues - other for non-designated hedging instruments

	Three Months		Three Months		Nine Months		Nine Months
	Ended		Ended		Ended		Ended
	September 30,		September 30,		September 30,		September 30,
(dollars in thousands)	2013		2012		2013		2012
Non-Designated Hedging Instruments
Cross currency interest rate	$	986	$	(19,244)	$	(3,376)	$	(23,825)

Schedule of derivative adjustments included in other revenues - other

	Three Months			Three Months			Nine Months			Nine Months
	Ended			Ended			Ended			Ended
	September 30,			September 30,			September 30,			September 30,
(dollars in thousands)	2013			2012			2013			2012
Mark to market gains (losses)	$	6,260		$	(6,364	)	$	(8,244	)	$	(33,687	)
Net interest income	1,701			4,955			9,161			14,575
Credit valuation adjustment gains (losses)	11			211			50			(3,614		)
Ineffectiveness losses	-			-			-			(426		)
Other	(292		)	(1,258		)	(292		)	(517		)
Total	$	7,680		$	(2,456	)	$	675		$	(23,669	)