Strategic Report Strategic Report Strategic Report Financial Additional Overview Strategy Performance Governance Statements Information 15. Other Assets and Other Liabilities continued Other liabilities comprise: continued 2018 Fair value Notional amount Asset Liability Foreign exchange contracts Forwards and Swaps – domestic 721,906 3,110 981 Forwards and Swaps – foreign 1,920,039 19,811 4,228 Interest rate contracts Forwards and Swaps – foreign 1,109,990 12,636 6,360 Total derivative assets/liabilities 3,751,935 35,557 11,569 2017 2016 Fair value Fair value Notional amount Asset Liability Notional amount Asset Liability Foreign exchange contracts Forwards and Swaps – domestic 352,738 1,817 1,958 234,969 954 1,734 Forwards and Swaps – foreign 227,585 1,706 534 302,679 512 7,043 Interest rate contracts Forwards and Swaps – foreign 777,660 7,368 – 794,040 – 634 Options – foreign (IR) 10,183 1,501 1,456 Total derivative assets/liabilities 1,368,166 12,392 3,948 1,331,688 1,466 9,411 16. Client Deposits and Notes The amounts due to customers include the following: 2018 2017 2016 Time deposits 4,061,604 3,321,953 2,787,419 Current accounts 4,072,249 3,316,064 2,521,051 Promissory notes issued – 74,465 74,228 Client deposits and notes 8,133,853 6,712,482 5,382,698 Held as security against letters of credit and guarantees (Note 19) 125,393 98,399 96,692 As at 31 December 2017 and 31 December 2016, promissory notes issued by the Group comprise the notes privately held by financial institutions effectively being equivalents of certificates of deposits with fixed maturity and fixed interest rate. At 31 December 2018, amounts due to customers of GEL 962,322 (12%) were due to the ten largest customers (2017: GEL 880,957 (13%), 2016: GEL 635,303 (12%)). Annual Report 2018Bank of Georgia Group PLC 241