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Net fee and commission income
 3 Months Ended
Jun. 30, 2020
Net fee And Commission Income [Line Items]  
Disclosure Of Fee And Commission Income Expense Explanatory

Note 4 Net fee and commission income

For the quarter endedYear-to-date
USD million30.6.2031.3.2030.6.1930.6.2030.6.19
Fee and commission income
Underwriting fees 257 200 224 456 379
of which: equity underwriting fees 123 106 118 230 166
of which: debt underwriting fees 133 93 105 227 212
M&A and corporate finance fees 117 218 296 335 413
Brokerage fees 959 1,245 826 2,204 1,654
Investment fund fees 1,197 1,295 1,196 2,492 2,373
Portfolio management and related services 1,813 2,059 1,915 3,872 3,719
Other 387 461 451 848 911
Total fee and commission income1 4,729 5,477 4,907 10,207 9,448
of which: recurring 2,980 3,341 3,136 6,320 6,134
of which: transaction-based 1,674 2,098 1,749 3,773 3,264
of which: performance-based 75 39 23 114 50
Fee and commission expense
Brokerage fees paid 63 86 88 149 168
Distribution fees paid 144 156 142 300 284
Other 212 214 203 426 390
Total fee and commission expense 419 456 434 875 842
Net fee and commission income 4,311 5,021 4,474 9,332 8,606
of which: net brokerage fees 896 1,158 738 2,055 1,486
1 Reflects third-party fee and commission income for the second quarter of 2020 of USD 2,809 million for Global Wealth Management (first quarter of 2020: USD 3,384 million; second quarter of 2019: USD 2,946 million), USD 313 million for Personal & Corporate Banking (first quarter of 2020: USD 354 million; second quarter of 2019: USD 327 million), USD 700 million for Asset Management (first quarter of 2020: USD 702 million; second quarter of 2019: USD 647 million), USD 872 million for the Investment Bank (first quarter of 2020: USD 1,004 million; second quarter of 2019: USD 962 million) and USD 36 million for Group Functions (first quarter of 2020: USD 33 million; second quarter of 2019: USD 25 million).