34. Contingent risks and commitments
The breakdown of the balance of these headings in the accompanying consolidated balance sheets is as follows:
|Financial Guarantees and Drawable by Third Parties||Millions of Euros|
|Collateral, bank guarantees and indemnities||31,103||28,092||26,266|
|Rediscounts, endorsements and acceptances||88||49||45|
|Total Contingent Risks||39,904||36,441||33,185|
|Drawable by third parties:||88,978||86,790||84,925|
|Government and other government agency||3,143||4,135||4,567|
|Other resident sectors||24,119||27,201||29,604|
|Total Contingent Commitments||93,766||90,574||92,323|
|Total contingent Risks and Commitments||133,670||127,015||125,508|
Since a significant portion of the amounts above will reach maturity without any payment obligation materializing for the consolidated companies, the aggregate balance of these commitments cannot be considered as an actual future requirement for financing or liquidity to be provided by the BBVA Group to third parties.
In 2011, 2010 and 2009 no issuances of debt securities carried out by associate entities of the BBVA Group, jointly controlled entities (accounted for using the equity method) or non-Group entities have been guaranteed.