Related parties comprise the Danish State, including companies/institutions over which the Danish State exercises control. Related parties also comprise the Board of Directors, the Management Board and senior employees, see note 9 to the financial statements. As a general rule, transactions with related parties are entered into and settled on market terms or on a cost-recovery basis. The settlement prices for individual types of transaction are set out by law.

The table below shows the most significant related party transactions.

The Danish State

100% ownership of Finansiel Stabilitet IPC

Administrative reimbursement, mink and home loans in rural districts

4

4

0

Income from Finance and Appropriation Act

16

16

FS Finans I A/S, Copenhagen

Subsidiary of Finansiel Stabilitet

Deposits on market terms

-

-28

2

-32

IPC

Management agreement

-

1

Dowry adjustment

-

20

11

20

FS Finans II A/S, Copenhagen

Subsidiary of Finansiel Stabilitet

Deposits on market terms

-

-36

1

-32

IPC

Management agreement

3

1

Dowry adjustment

2

23

15

-21

FS Finans III A/S, Copenhagen

Subsidiary of Finansiel Stabilitet

Deposits on market terms

-

-1,864

10

-1,819

IPC

Management agreement

4

2

Purchase price adjustment

1

1,581

6

-1,571

FS Finans IV A/S, Copenhagen

Subsidiary of Finansiel Stabilitet

Deposits on market terms

-

-84

-

-82

IPC

Management agreement

2

1

FS Finans V A/S, Copenhagen

Subsidiary of Broinstitut I

Deposits on market terms

-

-19

-

-18

Management agreement

4

4

FS Finans VI A/S, Copenhagen

Subsidiary of Broinstitut II

Deposits on market terms

-

-42

-

-51

Management agreement

5

6

FS Ejendomsselskab A/S, Copenhagen

Subsidiary of Finansiel Stabilitet

Deposits on market terms

-

-43

1

-43

IPC

Management agreement

-

-

Danmarks Nationalbank

Controlled by the

Deposit

-2

9,911

-34

8,149

Danish State

Treasury bills

0

0

-12

561