Commitments and contractual obligations

Commitments and contractual obligations

Commitments and contractual obligations include loan commitments, contingent liabilities, debt securities and purchase obligations.

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Commercial commitments 
Amount of commitment expiration per period
Between  Between  Total 
Less than  one to  three to  After  amounts 
one year  three years  five years  five years  committed 
£m  £m  £m  £m  £m 
Acceptances and endorsements  365  –  –  –  365 
Guarantees and letters of credit pledged as collateral security  29,136  2,711  1,971  1,874  35,692 
Other contingent liabilities  6,594  1,556  416  1,151  9,717 
Documentary credits and other short-term trade related transactions  401  121  –  –  522 
Forward asset purchases and forward deposits placed  283  –  –  –  283 
Standby facilities, credit lines and other  136,457  17,039  28,127  10,211  191,834 

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Contractual obligations 
Payments due by period
Between  Between 
Less than  one to  three to  After 
one year  three years  five years  five years  Total 
£m  £m  £m  £m  £m 
Long-term debt  90,201  13,558  8,630  19,358  131,747 
Operating lease obligations  197  755  610  2,225  3,787 
Purchase obligations  141  186  27  6  360 
Total  90,539  14,499  9,267  21,589  135,894 

The long-term debt does not include undated loan capital of £6,631m.

Further information on the contractual maturity of the Group’s assets and liabilities is given in Note .