34. Contingent risks and commitments

The breakdown of the balance under these headings in the accompanying consolidated balance sheets is as follows:

Download Excel

Contingent Risks and Commitments	Millions of Euros
	2013	2012	2011
Contingent Risks
Collateral, bank guarantees and indemnities	28,082	29,976	29,532
Rediscounts, endorsements and acceptances	39	36	35
Letter of credit and others	5,422	7,007	8,062
Total Contingent Risks	33,543	37,019	37,629
Contingent Liabilities
Balances drawable by third parties:	87,542	83,519	86,375
Credit Institutions	1,583	1,946	2,417
Government and other government agency	4,354	1,360	3,143
Other resident sectors	20,713	21,982	24,119
Non-resident sector	60,892	58,231	56,696
Other contingent liabilities	6,628	6,623	4,313
Total Contingent liabilities	94,170	90,142	90,688
Total contingent risks and contingent liabilities	127,713	127,161	128,317

Since a significant portion of the amounts above will expire without any payment obligation materializing for the consolidated entities, 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 2013, 2012 and 2011 no issuance of debt securities carried out by associate entities of the BBVA Group, joint venture entities or non-Group entities have been guaranteed.