7. OTHER CURRENT ASSETS

Other current assets consist of the following:

	March 31,		December 31,
(US$ in millions)	2013		2012
Prepaid commodity purchase contracts (1)	$	436	$	299
Secured advances to suppliers, net (2)	434		390
Unrealized gains on derivative contracts at fair value	1,336		1,230
Recoverable taxes, net	416		465
Margin deposits (3)	429		363
Marketable securities	167		105
Deferred purchase price receivable (4)	137		134
Prepaid expenses	321		314
Other	944		518
Total	$	4,620	$	3,818

(1) Prepaid commodity purchase contracts represent advance payments against fixed price contracts for future delivery of specified quantities of agricultural commodities. These contracts are recorded at fair value based on prices of the underlying agricultural commodities.

(2) Bunge provides cash advances to suppliers, primarily Brazilian farmers of soybeans and sugarcane, to finance a portion of the suppliers’ production costs. Bunge does not bear any of the costs or risks associated with the related growing crops. The advances are largely collateralized by future crops and physical assets of the suppliers, carry a local market interest rate and settle when the farmer’s crop is harvested and sold. The secured advances to farmers are reported net of allowances of $13 million and $12 million at March 31, 2013 and December 31, 2012, respectively.

Interest earned on secured advances to suppliers of $9 million and $8 million for the three months ended March 31, 2013 and 2012, respectively, is included in net sales in the condensed consolidated statements of income.

(3) Margin deposits include U.S. treasury securities at fair value and cash.

(4) Deferred purchase price receivable represents additional credit support for the investment conduits in Bunge’s accounts receivables sales program (see Note 13) and is recognized at its estimated fair value.