Other Long-Term Assets

The table below summarizes the types and amounts of TVA’s other long-term assets:



Other Long-Term Assets
	At March 31, 2013		At September 30, 2012
EnergyRight^®receivables	$	117	$	115
Loans and other long-term receivables, net	79		76
Currency swap asset	14		21
Coal contract derivative assets	2		107
Other	193		190
Total other long-term assets	$	405	$	509

TVA guarantees repayment on certain loans receivable from customers of TVA's distributors in association with the EnergyRight^® Solutions program. TVA sells the loans receivable to a third-party bank and has agreed with the bank to purchase any loan receivable that has been in default for 180 days or more or that TVA has determined is uncollectible. The loans receivable, and the associated obligation to purchase those loans, are shown in Other long-term assets and Other long-term liabilities, respectively, on TVA's consolidated balance sheets. The current portion of the loans receivable and the associated obligation to purchase those loans are shown in Current assets and Current liabilities, respectively, on TVA's consolidated balance sheets. At March 31, 2013, the carrying amount of the loans receivable, net of discount, was approximately $151 million. The carrying amount of the associated obligation to purchase those loans was approximately $186 million.