|EUR 1 000||2018||2017|
|Interest rate derivatives|
|Interest rate swaps (nominal value)||2 196 071||2 499 518|
|Fair value||-2 287||3 234|
Forward foreign exchange contracts
|Forward foreign exchange contracts (nominal value)||121 628||142 709|
|Fair value||15 344||9 862|
|Cross-currency swaps (nominal value)||554 697||642 395|
|Fair value||6 775||23 429|
Risk management principles, principles for the recognition of derivatives as well as details of derivatives are described in the Notes to the IFRS consolidated financial statements.
Hedging relationships are effective i.e. the hedged risk and hedging instrument will perfectly match with each other. In documents regarding these hedging relationships, the hedged risks and hedging instruments are extensively described and the effectiveness between them is demonstrated.