II. Other financial assets

(€m)   31.12.201531.12.2014Change
Financial receivables from third parties 27,607 19,672 7,935
Fair value of interest rate hedging derivatives 1,495 798 697
Fair value of exchange rate hedging derivatives 516 774 (258)
Total 29,618 21,244 8,374

“Financial receivables from third parties” consists mostly of current receivables due from the non-controlling shareholders of some North American subsidiaries. The change is due to business expansion and the appreciation of the US dollar against the Euro.

“Fair value of interest rate hedging derivatives” includes the current portion of the fair value measurement of derivatives outstanding as at 31 December 2015 and 31 December 2014, with a combined notional value of $ 100m.

“Fair value of exchange rate hedging derivatives” refers to the fair value measurement of the derivatives entered into to hedge exchange rate risk as at 31 December 2015, in particular to the forward purchase and/or sale of currency, in connection with intercompany loans and dividends.