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23.     Securities


The liabilities relate to collateral securities given by third parties to underwrite trading on energy exchanges and the auctioning of cross-border interconnection capacity. The liabilities relating to collateral securities can be attributed to the various activities as follows:

 

( x EUR 1,000 )

2008

2007

 

Energy exchange activities of APX Group

407,992

468,493

Auctioning of cross-border capacity by TSO Auction B.V.

78,141

66,327

Auctioning of capacity on NorNed cable

21,965

Energy balance maintenance by TenneT TSO

24,567

16,648


Total


532,665


 551,468