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
	2012	2011	2010
Contingent Risks
Collateral, bank guarantees and indemnities	32,007	31,103	28,092
Rediscounts, endorsements and acceptances	111	88	49
Letter of credit and others	7,422	8,713	8,300
Total Contingent Risks	39,540	39,904	36,441
Contingent Liabilities
Balances drawable by third parties:	86,227	88,978	86,790
Credit entities	1,946	2,417	2,303
Government and other government agency	1,360	3,143	4,135
Other resident sectors	21,982	24,119	27,201
Non-resident sector	60,939	59,299	53,151
Other contingent liabilities	6,871	4,788	3,784
Total Contingent Liabilities	93,098	93,766	90,574
Total Contingent Risks and Liabilities	132,638	133,670	127,015

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 2012, 2011 and 2010 no issuance 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.