XML 365 R145.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Derivative instruments (Detail 3) - USD ($)
$ in Millions
Dec. 31, 2019
Dec. 31, 2018
Credit Derivatives [Line Items]    
PRV [1],[2],[3] $ 121,841 $ 126,210
NRV [1],[2],[3],[4],[5] 120,880 125,723
Credit derivative contracts    
Credit Derivatives [Line Items]    
PRV [1],[3] 2,000 1,900
NRV [1],[3] 3,000 2,700
Protection bought    
Credit Derivatives [Line Items]    
PRV 700 1,100
NRV 2,100 1,600
Notional values 74,600 81,300
Protection bought | Broker-dealers    
Credit Derivatives [Line Items]    
PRV 100 200
NRV 200 100
Notional values 10,500 13,000
Protection bought | Banks    
Credit Derivatives [Line Items]    
PRV 200 400
NRV 400 400
Notional values 23,600 29,200
Protection bought | Central clearing counterparties    
Credit Derivatives [Line Items]    
PRV 100 200
NRV 900 400
Notional values 34,700 31,900
Protection bought | Other    
Credit Derivatives [Line Items]    
PRV 300 300
NRV 700 700
Notional values 5,800 7,200
Protection sold    
Credit Derivatives [Line Items]    
PRV 1,300 800
NRV 900 1,200
Notional values 65,400 71,400
Protection sold | Broker-dealers    
Credit Derivatives [Line Items]    
PRV 200 100
NRV 100 200
Notional values 9,400 11,500
Protection sold | Banks    
Credit Derivatives [Line Items]    
PRV 400 300
NRV 300 500
Notional values 21,500 25,600
Protection sold | Central clearing counterparties    
Credit Derivatives [Line Items]    
PRV 700 400
NRV 200 300
Notional values 31,600 30,800
Protection sold | Other    
Credit Derivatives [Line Items]    
PRV 100 0
NRV 300 300
Notional values 2,900 3,500
UBS AG    
Credit Derivatives [Line Items]    
PRV [1],[3],[6] 121,843 126,212
NRV [1],[3],[6] 120,880 125,723
UBS AG | Credit derivative contracts    
Credit Derivatives [Line Items]    
PRV [1],[3] 2,000 1,900
NRV [1],[3] 3,000 2,700
UBS AG | Protection bought    
Credit Derivatives [Line Items]    
PRV 700 1,100
NRV 2,100 1,600
Notional values 74,600 81,300
UBS AG | Protection bought | Broker-dealers    
Credit Derivatives [Line Items]    
PRV 100 200
NRV 200 100
Notional values 10,500 13,000
UBS AG | Protection bought | Banks    
Credit Derivatives [Line Items]    
PRV 200 400
NRV 400 400
Notional values 23,600 29,200
UBS AG | Protection bought | Central clearing counterparties    
Credit Derivatives [Line Items]    
PRV 100 200
NRV 900 400
Notional values 34,700 31,900
UBS AG | Protection bought | Other    
Credit Derivatives [Line Items]    
PRV 300 300
NRV 700 700
Notional values 5,800 7,200
UBS AG | Protection sold    
Credit Derivatives [Line Items]    
PRV 1,300 800
NRV 900 1,200
Notional values 65,400 71,400
UBS AG | Protection sold | Broker-dealers    
Credit Derivatives [Line Items]    
PRV 200 100
NRV 100 200
Notional values 9,400 11,500
UBS AG | Protection sold | Banks    
Credit Derivatives [Line Items]    
PRV 400 300
NRV 300 500
Notional values 21,500 25,600
UBS AG | Protection sold | Central clearing counterparties    
Credit Derivatives [Line Items]    
PRV 700 400
NRV 200 300
Notional values 31,600 30,800
UBS AG | Protection sold | Other    
Credit Derivatives [Line Items]    
PRV 100 0
NRV 300 300
Notional values $ 2,900 $ 3,500
[1]
Derivative financial liabilities as of 31 December 2019 include USD 17 million related to derivative loan commitments (31 December 2018: USD 17 million). No notional amounts related to these commitments are included in this table, but they are disclosed in Note 34 under Loan commitments
[2]
Financial assets and liabilities are presented net on the balance sheet if UBS has the unconditional and legally enforceable right to offset the recognized amounts, both in the normal course of business and in the event of default, bankruptcy or insolvency of the entity and all of the counterparties, and intends either to settle on a net basis or to realize the asset and settle the liability simultaneously. Refer to Note 25 for more information on netting arrangements.
[3]
Includes certain forward starting repurchase and reverse repurchase agreements that are classified as measured at fair value through profit or loss and are recognized within derivative instruments. The fair value of these derivative instruments was not material as of 31 December 2019 or 31 December 2018. No notional amounts related to these instruments are included in this table, but they are disclosed in Note 34 under Forward starting transactions.
[4]
Carrying amount is fair value. Management believes that this best represents the cash flows that would have to be paid if these positions had to be settled or closed out. Refer to Note 28 for undiscounted cash flows of derivatives designated in hedge accounting relationships.
[5]
Except for financial liabilities at fair value held for trading and derivative financial instruments (see footnote 3), the amounts presented generally represent undiscounted cash flows of future interest and principal payments
[6]
Financial assets and liabilities are presented net on the balance sheet if UBS AG has the unconditional and legally enforceable right to offset the recognized amounts, both in the normal course of business and in the event of default, bankruptcy or insolvency of the entity and all of the counterparties, and intends either to settle on a net basis or to realize the asset and settle the liability simultaneously. Refer to Note 25 for more information on netting arrangements.