XML 43 R33.htm IDEA: XBRL DOCUMENT v3.21.2
Fair value measurement (Tables)
 6 Months Ended
Jun. 30, 2021
Fair ValueMeasurement [Line Items]  
Disclosure Of Fair Value Measurement Of Assets Explanatory
Determination of fair values from quoted market
 
prices or valuation techniques
1
30.6.21
31.3.21
31.12.20
USD million
Level 1
Level 2
Level 3
Total
Level 1
Level 2
Level 3
Total
Level 1
Level 2
Level 3
Total
Financial assets measured at fair value on a recurring basis
Financial assets at fair value held for trading
103,684
16,675
2,123
122,482
101,898
16,499
2,179
120,576
107,507
15,553
2,337
125,397
of which:
Equity instruments
86,722
1,336
128
88,186
85,242
736
137
86,115
90,307
1,101
171
91,579
Government bills / bonds
8,123
1,776
10
9,910
8,384
1,890
10
10,284
9,028
2,207
10
11,245
Investment fund units
8,048
1,707
18
9,773
7,400
1,602
31
9,033
7,374
1,794
23
9,192
Corporate and municipal bonds
784
8,417
821
10,022
865
9,795
783
11,443
789
8,356
817
9,961
Loans
0
3,115
1,000
4,114
0
2,234
1,052
3,285
0
1,860
1,134
2,995
Asset-backed securities
7
323
147
478
6
242
166
415
8
236
181
425
Derivative financial instruments
795
119,348
1,479
121,622
1,141
145,508
1,633
148,282
795
157,068
1,754
159,617
of which:
Foreign exchange contracts
296
49,154
6
49,456
459
70,221
12
70,692
319
68,424
5
68,749
Interest rate contracts
0
38,104
342
38,446
0
39,529
391
39,920
0
50,353
537
50,890
Equity / index contracts
1
28,383
801
29,185
0
31,369
820
32,189
0
33,990
853
34,842
Credit derivative contracts
0
1,739
303
2,043
0
1,914
395
2,309
0
2,008
350
2,358
Commodity contracts
0
1,832
24
1,856
0
2,187
14
2,201
0
2,211
6
2,217
Brokerage receivables
0
23,010
0
23,010
0
24,201
0
24,201
0
24,659
0
24,659
Financial assets at fair value not held for trading
29,125
31,809
4,459
65,393
31,596
33,385
4,206
69,187
40,986
35,435
3,942
80,364
of which:
Financial assets for unit-linked investment
contracts
21,974
9
8
21,991
21,162
0
3
21,166
20,628
101
2
20,731
Corporate and municipal bonds
88
16,009
333
16,430
98
15,114
334
15,547
290
16,957
372
17,619
Government bills / bonds
6,640
3,331
0
9,971
9,985
3,970
0
13,956
19,704
3,593
0
23,297
Loans
0
5,626
1,087
6,712
0
6,900
1,093
7,993
0
7,699
862
8,561
Securities financing transactions
0
6,203
201
6,404
0
6,811
119
6,930
0
6,629
122
6,751
Auction rate securities
0
0
1,563
1,563
0
0
1,587
1,587
0
0
1,527
1,527
Investment fund units
317
613
120
1,051
263
589
99
951
278
447
105
831
Equity instruments
105
18
594
717
86
0
530
616
86
0
544
631
Other
0
0
554
554
0
0
441
441
0
10
408
418
Financial assets measured at fair value through other comprehensive income on
 
a recurring basis
Financial assets measured at fair value through
other comprehensive income
2,165
5,611
0
7,775
2,154
5,946
0
8,100
1,144
7,114
0
8,258
of which:
Asset-backed securities
0
5,200
0
5,200
0
5,480
0
5,480
0
6,624
0
6,624
Government bills / bonds
2,121
44
0
2,165
2,115
43
0
2,159
1,103
47
0
1,150
Corporate and municipal bonds
44
367
0
411
38
423
0
461
40
444
0
485
Non-financial assets measured at fair value on a recurring basis
Precious metals and other physical commodities
5,470
0
0
5,470
5,709
0
0
5,709
6,264
0
0
6,264
Non-financial assets measured at fair value on a non-recurring basis
Other non-financial assets
2
0
1
67
68
0
1
247
248
0
1
245
246
Total assets measured at fair value
141,238
196,453
8,129
345,820
142,498
225,540
8,266
376,304
156,696
239,831
8,278
404,805
Determination of fair values from quoted market
 
prices or valuation techniques (continued)
1
30.6.21
31.3.21
31.12.20
USD million
Level 1
Level 2
Level 3
Total
Level 1
Level 2
Level 3
Total
Level 1
Level 2
Level 3
Total
Financial liabilities measured at fair value on a recurring basis
Financial liabilities at fair value held for trading
27,038
6,216
94
33,348
30,887
6,114
61
37,062
26,888
6,652
55
33,595
of which:
Equity instruments
20,826
387
75
21,288
26,190
151
50
26,392
22,519
425
40
22,985
Corporate and municipal bonds
37
4,592
13
4,642
32
4,718
7
4,757
31
4,048
9
4,089
Government bills / bonds
5,727
620
0
6,347
4,168
807
0
4,975
3,642
1,036
0
4,678
Investment fund units
442
581
6
1,028
492
397
3
891
696
1,127
5
1,828
Derivative financial instruments
754
117,983
2,950
121,686
1,404
141,518
3,114
146,036
746
156,884
3,471
161,102
of which:
Foreign exchange contracts
280
47,048
59
47,387
541
67,043
54
67,638
316
70,149
61
70,527
Interest rate contracts
0
32,177
526
32,703
0
33,501
546
34,046
0
43,389
527
43,916
Equity / index contracts
9
34,431
1,902
36,342
0
36,614
2,070
38,684
0
38,870
2,306
41,176
Credit derivative contracts
0
2,000
392
2,392
0
2,139
369
2,508
0
2,403
528
2,931
Commodity contracts
0
2,034
51
2,085
0
1,907
59
1,966
0
2,003
24
2,027
Financial liabilities designated at fair value on a recurring basis
Brokerage payables designated at fair value
0
39,129
0
39,129
0
45,600
0
45,600
0
38,742
0
38,742
Debt issued designated at fair value
0
60,321
14,744
75,065
0
53,900
12,635
66,535
0
50,273
10,970
61,243
Other financial liabilities designated at fair value
0
30,032
610
30,642
0
28,310
545
28,855
0
29,671
716
30,387
of which:
Financial liabilities related to unit-linked
investment contracts
0
22,217
0
22,217
0
21,357
0
21,357
0
20,975
0
20,975
Securities financing transactions
0
6,181
3
6,184
0
5,651
0
5,651
0
7,317
0
7,317
Over-the-counter debt instruments
0
1,550
592
2,142
0
1,261
526
1,787
0
1,363
697
2,060
Total liabilities measured at fair value
27,791
253,679
18,398
299,869
32,291
275,442
16,355
324,088
27,635
282,222
15,212
325,069
1 Bifurcated
 
embedded derivatives
 
are presented
 
on the
 
same balance
 
sheet lines
 
as their
 
host contracts
 
and are
 
not included
 
in this
 
table. The
 
fair value
 
of these
 
derivatives was
 
not material
 
for the
 
periods
presented.
 
2 Other non-financial assets primarily consist of properties and other non-current assets held for sale, which are measured
 
at the lower of their net carrying amount or fair value less costs to sell.
Disclosure Of Fair Value Measurement Of Liabilities Explanatory
Determination of fair values from quoted market
 
prices or valuation techniques
1
30.6.21
31.3.21
31.12.20
USD million
Level 1
Level 2
Level 3
Total
Level 1
Level 2
Level 3
Total
Level 1
Level 2
Level 3
Total
Financial assets measured at fair value on a recurring basis
Financial assets at fair value held for trading
103,684
16,675
2,123
122,482
101,898
16,499
2,179
120,576
107,507
15,553
2,337
125,397
of which:
Equity instruments
86,722
1,336
128
88,186
85,242
736
137
86,115
90,307
1,101
171
91,579
Government bills / bonds
8,123
1,776
10
9,910
8,384
1,890
10
10,284
9,028
2,207
10
11,245
Investment fund units
8,048
1,707
18
9,773
7,400
1,602
31
9,033
7,374
1,794
23
9,192
Corporate and municipal bonds
784
8,417
821
10,022
865
9,795
783
11,443
789
8,356
817
9,961
Loans
0
3,115
1,000
4,114
0
2,234
1,052
3,285
0
1,860
1,134
2,995
Asset-backed securities
7
323
147
478
6
242
166
415
8
236
181
425
Derivative financial instruments
795
119,348
1,479
121,622
1,141
145,508
1,633
148,282
795
157,068
1,754
159,617
of which:
Foreign exchange contracts
296
49,154
6
49,456
459
70,221
12
70,692
319
68,424
5
68,749
Interest rate contracts
0
38,104
342
38,446
0
39,529
391
39,920
0
50,353
537
50,890
Equity / index contracts
1
28,383
801
29,185
0
31,369
820
32,189
0
33,990
853
34,842
Credit derivative contracts
0
1,739
303
2,043
0
1,914
395
2,309
0
2,008
350
2,358
Commodity contracts
0
1,832
24
1,856
0
2,187
14
2,201
0
2,211
6
2,217
Brokerage receivables
0
23,010
0
23,010
0
24,201
0
24,201
0
24,659
0
24,659
Financial assets at fair value not held for trading
29,125
31,809
4,459
65,393
31,596
33,385
4,206
69,187
40,986
35,435
3,942
80,364
of which:
Financial assets for unit-linked investment
contracts
21,974
9
8
21,991
21,162
0
3
21,166
20,628
101
2
20,731
Corporate and municipal bonds
88
16,009
333
16,430
98
15,114
334
15,547
290
16,957
372
17,619
Government bills / bonds
6,640
3,331
0
9,971
9,985
3,970
0
13,956
19,704
3,593
0
23,297
Loans
0
5,626
1,087
6,712
0
6,900
1,093
7,993
0
7,699
862
8,561
Securities financing transactions
0
6,203
201
6,404
0
6,811
119
6,930
0
6,629
122
6,751
Auction rate securities
0
0
1,563
1,563
0
0
1,587
1,587
0
0
1,527
1,527
Investment fund units
317
613
120
1,051
263
589
99
951
278
447
105
831
Equity instruments
105
18
594
717
86
0
530
616
86
0
544
631
Other
0
0
554
554
0
0
441
441
0
10
408
418
Financial assets measured at fair value through other comprehensive income on
 
a recurring basis
Financial assets measured at fair value through
other comprehensive income
2,165
5,611
0
7,775
2,154
5,946
0
8,100
1,144
7,114
0
8,258
of which:
Asset-backed securities
0
5,200
0
5,200
0
5,480
0
5,480
0
6,624
0
6,624
Government bills / bonds
2,121
44
0
2,165
2,115
43
0
2,159
1,103
47
0
1,150
Corporate and municipal bonds
44
367
0
411
38
423
0
461
40
444
0
485
Non-financial assets measured at fair value on a recurring basis
Precious metals and other physical commodities
5,470
0
0
5,470
5,709
0
0
5,709
6,264
0
0
6,264
Non-financial assets measured at fair value on a non-recurring basis
Other non-financial assets
2
0
1
67
68
0
1
247
248
0
1
245
246
Total assets measured at fair value
141,238
196,453
8,129
345,820
142,498
225,540
8,266
376,304
156,696
239,831
8,278
404,805
Determination of fair values from quoted market
 
prices or valuation techniques (continued)
1
30.6.21
31.3.21
31.12.20
USD million
Level 1
Level 2
Level 3
Total
Level 1
Level 2
Level 3
Total
Level 1
Level 2
Level 3
Total
Financial liabilities measured at fair value on a recurring basis
Financial liabilities at fair value held for trading
27,038
6,216
94
33,348
30,887
6,114
61
37,062
26,888
6,652
55
33,595
of which:
Equity instruments
20,826
387
75
21,288
26,190
151
50
26,392
22,519
425
40
22,985
Corporate and municipal bonds
37
4,592
13
4,642
32
4,718
7
4,757
31
4,048
9
4,089
Government bills / bonds
5,727
620
0
6,347
4,168
807
0
4,975
3,642
1,036
0
4,678
Investment fund units
442
581
6
1,028
492
397
3
891
696
1,127
5
1,828
Derivative financial instruments
754
117,983
2,950
121,686
1,404
141,518
3,114
146,036
746
156,884
3,471
161,102
of which:
Foreign exchange contracts
280
47,048
59
47,387
541
67,043
54
67,638
316
70,149
61
70,527
Interest rate contracts
0
32,177
526
32,703
0
33,501
546
34,046
0
43,389
527
43,916
Equity / index contracts
9
34,431
1,902
36,342
0
36,614
2,070
38,684
0
38,870
2,306
41,176
Credit derivative contracts
0
2,000
392
2,392
0
2,139
369
2,508
0
2,403
528
2,931
Commodity contracts
0
2,034
51
2,085
0
1,907
59
1,966
0
2,003
24
2,027
Financial liabilities designated at fair value on a recurring basis
Brokerage payables designated at fair value
0
39,129
0
39,129
0
45,600
0
45,600
0
38,742
0
38,742
Debt issued designated at fair value
0
60,321
14,744
75,065
0
53,900
12,635
66,535
0
50,273
10,970
61,243
Other financial liabilities designated at fair value
0
30,032
610
30,642
0
28,310
545
28,855
0
29,671
716
30,387
of which:
Financial liabilities related to unit-linked
investment contracts
0
22,217
0
22,217
0
21,357
0
21,357
0
20,975
0
20,975
Securities financing transactions
0
6,181
3
6,184
0
5,651
0
5,651
0
7,317
0
7,317
Over-the-counter debt instruments
0
1,550
592
2,142
0
1,261
526
1,787
0
1,363
697
2,060
Total liabilities measured at fair value
27,791
253,679
18,398
299,869
32,291
275,442
16,355
324,088
27,635
282,222
15,212
325,069
1 Bifurcated
 
embedded derivatives
 
are presented
 
on the
 
same balance
 
sheet lines
 
as their
 
host contracts
 
and are
 
not included
 
in this
 
table. The
 
fair value
 
of these
 
derivatives was
 
not material
 
for the
 
periods
presented.
 
2 Other non-financial assets primarily consist of properties and other non-current assets held for sale, which are measured
 
at the lower of their net carrying amount or fair value less costs to sell.
Disclosure Of Deferred Day-One Profit Or Loss Explanatory
Deferred day-1 profit or loss reserves
For the quarter ended
Year-to-date
USD million
30.6.21
31.3.21
30.6.20
30.6.21
30.6.20
Reserve balance at the beginning of the period
387
269
194
269
146
Profit / (loss) deferred on new transactions
97
181
121
278
239
(Profit) / loss recognized in the income statement
(79)
(63)
(72)
(142)
(141)
Foreign currency translation
0
(1)
0
(1)
(1)
Reserve balance at the end of the period
405
387
243
405
243
Own credit adjustments on financial liabilities designated at fair value
Own credit adjustments on financial liabilities
 
designated at fair value
Included in Other comprehensive income
For the quarter ended
Year-to-date
 
USD million
30.6.21
31.3.21
30.6.20
30.6.21
30.6.20
Recognized during the period:
Realized gain / (loss)
 
(5)
(6)
8
(11)
9
Unrealized gain / (loss)
 
123
(23)
(1,103)
100
53
Total gain / (loss), before tax
118
(29)
(1,095)
89
62
As of
 
USD million
30.6.21
31.3.21
30.6.20
Recognized on the balance sheet as of the end of the period:
Unrealized life-to-date gain / (loss)
 
(278)
(400)
(31)
Valuation adjustments on financial instruments
Valuation adjustment reserves on the balance sheet
As of
Life-to-date gain / (loss), USD million
30.6.21
31.3.21
31.12.20
Deferred day-1 profit or loss reserves
405
387
269
Own credit adjustments on financial liabilities designated at fair value
(278)
(400)
(381)
CVAs, FVAs,
 
DVAs and other valuation adjustments
(956)
(977)
(959)
Valuation adjustments on financial instruments
As of
Life-to-date gain / (loss), USD million
30.6.21
31.3.21
31.12.20
Credit valuation adjustments
1
(51)
(53)
(66)
Funding valuation adjustments
(58)
(58)
(73)
Debit valuation adjustments
1
1
0
Other valuation adjustments
(848)
(867)
(820)
of which: liquidity
(327)
(356)
(340)
of which: model uncertainty
(521)
(511)
(479)
1 Amounts do not include reserves against defaulted counterparties.
Not measured at fair value  
Fair ValueMeasurement [Line Items]  
Disclosure Of Fair Value Measurement Of Assets Explanatory
Financial instruments not measured at fair value
30.6.21
31.3.21
31.12.20
USD billion
Carrying
amount
Fair value
Carrying
amount
Fair value
Carrying
amount
Fair value
Assets
Cash and balances at central banks
160.7
160.7
158.9
158.9
158.2
158.2
Loans and advances to banks
16.5
16.5
18.4
18.4
15.4
15.4
Receivables from securities financing transactions
83.5
83.5
82.4
82.4
74.2
74.2
Cash collateral receivables on derivative instruments
29.8
29.8
35.0
35.0
32.7
32.7
Loans and advances to customers
390.1
389.8
376.8
376.8
379.5
380.8
Other financial assets measured at amortized cost
27.1
27.6
26.8
27.3
27.2
28.0
Liabilities
Amounts due to banks
14.6
14.6
12.6
12.6
11.0
11.0
Payables from securities financing transactions
6.0
6.0
6.7
6.7
6.3
6.3
Cash collateral payables on derivative instruments
32.2
32.2
36.6
36.6
37.3
37.3
Customer deposits
513.3
513.3
505.4
505.5
524.6
524.7
Debt issued measured at amortized cost
139.9
142.4
144.7
147.0
139.2
141.9
Other financial liabilities measured at amortized cost
1
6.4
6.4
5.5
5.6
5.8
5.8
1 Excludes lease liabilities.
Disclosure Of Fair Value Measurement Of Liabilities Explanatory
Financial instruments not measured at fair value
30.6.21
31.3.21
31.12.20
USD billion
Carrying
amount
Fair value
Carrying
amount
Fair value
Carrying
amount
Fair value
Assets
Cash and balances at central banks
160.7
160.7
158.9
158.9
158.2
158.2
Loans and advances to banks
16.5
16.5
18.4
18.4
15.4
15.4
Receivables from securities financing transactions
83.5
83.5
82.4
82.4
74.2
74.2
Cash collateral receivables on derivative instruments
29.8
29.8
35.0
35.0
32.7
32.7
Loans and advances to customers
390.1
389.8
376.8
376.8
379.5
380.8
Other financial assets measured at amortized cost
27.1
27.6
26.8
27.3
27.2
28.0
Liabilities
Amounts due to banks
14.6
14.6
12.6
12.6
11.0
11.0
Payables from securities financing transactions
6.0
6.0
6.7
6.7
6.3
6.3
Cash collateral payables on derivative instruments
32.2
32.2
36.6
36.6
37.3
37.3
Customer deposits
513.3
513.3
505.4
505.5
524.6
524.7
Debt issued measured at amortized cost
139.9
142.4
144.7
147.0
139.2
141.9
Other financial liabilities measured at amortized cost
1
6.4
6.4
5.5
5.6
5.8
5.8
1 Excludes lease liabilities.
Level 3  
Fair ValueMeasurement [Line Items]  
Disclosure of significant unobservable inputs used in fair value measurement of assets [text block]
Valuation techniques and inputs used in the fair value measurement
 
of Level 3 assets and liabilities
Fair value
Significant unobservable
input(s)
1
Range of inputs
Assets
Liabilities
Valuation
technique(s)
30.6.21
31.12.20
USD billion
30.6.21
31.12.20
30.6.21
31.12.20
low
high
weighted
average
2
low
high
weighted
average
2
unit
1
Financial assets and liabilities at fair value held for trading and Financial assets at fair
 
value not held for trading
Corporate and municipal
bonds
1.2
1.2
0.0
0.0
Relative value to
market comparable
Bond price equivalent
15
143
100
1
143
100
points
Discounted expected
cash flows
Discount margin
358
358
268
268
basis
points
Traded loans, loans
measured at fair value,
loan commitments and
guarantees
2.6
2.4
0.0
0.0
Relative value to
market comparable
Loan price equivalent
1
101
99
0
101
99
points
Discounted expected
cash flows
Credit spread
180
800
190
800
basis
points
Market comparable
and securitization
model
Credit spread
28
1,558
228
40
1,858
333
basis
points
Auction rate securities
1.6
1.5
Discounted expected
cash flows
Credit spread
115
222
162
100
188
140
basis
points
Investment fund units
3
0.1
0.1
0.0
0.0
Relative value to
market comparable
Net asset value
Equity instruments
3
0.7
0.7
0.1
0.0
Relative value to
market comparable
Price
Debt issued designated at
fair value
4
14.7
11.0
Other financial liabilities
designated at fair value
0.6
0.7
Discounted expected
cash flows
Funding spread
35
175
42
175
basis
points
Derivative financial instruments
Interest rate contracts
0.3
0.5
0.5
0.5
Option model
Volatility of interest rates
49
73
29
69
basis
points
Credit derivative contracts
0.3
0.3
0.4
0.5
Discounted expected
cash flows
Credit spreads
 
2
496
1
489
basis
points
Bond price equivalent
3
102
0
100
points
Equity / index contracts
0.8
0.9
1.9
2.3
Option model
Equity dividend yields
0
11
0
13
%
Volatility of equity stocks,
equity and other indices
4
99
4
100
%
Equity-to-FX correlation
(30)
70
(34)
65
%
Equity-to-equity
correlation
(25)
99
(16)
100
%
1 The ranges of significant
 
unobservable inputs are represented in points,
 
percentages and basis points.
 
Points are a percentage of
 
par (e.g., 100 points
 
would be 100% of par).
 
2 Weighted averages are
 
provided
for non-derivative financial instruments
 
and were calculated by weighting
 
inputs based on the fair
 
values of the respective instruments.
 
Weighted averages are not
 
provided for inputs related to
 
derivative contracts,
as this would not be meaningful.
 
3 The range of inputs is not
 
disclosed, as there is a dispersion of values
 
given the diverse nature of the investments.
 
4 Debt issued designated at fair value is
 
composed primarily
of UBS structured notes, which
 
include variable maturity notes
 
with various equity and foreign
 
exchange underlying risks, rates
 
-linked and credit-linked
 
notes, all of which
 
have embedded derivative parameters
 
that
are considered to be unobservable. The equivalent
 
derivative instrument parameters are presented in the respective derivative financial instruments lines in
 
this table.
Disclosure of significant unobservable inputs used in fair value measurement of liabilities [text block]
Valuation techniques and inputs used in the fair value measurement
 
of Level 3 assets and liabilities
Fair value
Significant unobservable
input(s)
1
Range of inputs
Assets
Liabilities
Valuation
technique(s)
30.6.21
31.12.20
USD billion
30.6.21
31.12.20
30.6.21
31.12.20
low
high
weighted
average
2
low
high
weighted
average
2
unit
1
Financial assets and liabilities at fair value held for trading and Financial assets at fair
 
value not held for trading
Corporate and municipal
bonds
1.2
1.2
0.0
0.0
Relative value to
market comparable
Bond price equivalent
15
143
100
1
143
100
points
Discounted expected
cash flows
Discount margin
358
358
268
268
basis
points
Traded loans, loans
measured at fair value,
loan commitments and
guarantees
2.6
2.4
0.0
0.0
Relative value to
market comparable
Loan price equivalent
1
101
99
0
101
99
points
Discounted expected
cash flows
Credit spread
180
800
190
800
basis
points
Market comparable
and securitization
model
Credit spread
28
1,558
228
40
1,858
333
basis
points
Auction rate securities
1.6
1.5
Discounted expected
cash flows
Credit spread
115
222
162
100
188
140
basis
points
Investment fund units
3
0.1
0.1
0.0
0.0
Relative value to
market comparable
Net asset value
Equity instruments
3
0.7
0.7
0.1
0.0
Relative value to
market comparable
Price
Debt issued designated at
fair value
4
14.7
11.0
Other financial liabilities
designated at fair value
0.6
0.7
Discounted expected
cash flows
Funding spread
35
175
42
175
basis
points
Derivative financial instruments
Interest rate contracts
0.3
0.5
0.5
0.5
Option model
Volatility of interest rates
49
73
29
69
basis
points
Credit derivative contracts
0.3
0.3
0.4
0.5
Discounted expected
cash flows
Credit spreads
 
2
496
1
489
basis
points
Bond price equivalent
3
102
0
100
points
Equity / index contracts
0.8
0.9
1.9
2.3
Option model
Equity dividend yields
0
11
0
13
%
Volatility of equity stocks,
equity and other indices
4
99
4
100
%
Equity-to-FX correlation
(30)
70
(34)
65
%
Equity-to-equity
correlation
(25)
99
(16)
100
%
1 The ranges of significant
 
unobservable inputs are represented in points,
 
percentages and basis points.
 
Points are a percentage of
 
par (e.g., 100 points
 
would be 100% of par).
 
2 Weighted averages are
 
provided
for non-derivative financial instruments
 
and were calculated by weighting
 
inputs based on the fair
 
values of the respective instruments.
 
Weighted averages are not
 
provided for inputs related to
 
derivative contracts,
as this would not be meaningful.
 
3 The range of inputs is not
 
disclosed, as there is a dispersion of values
 
given the diverse nature of the investments.
 
4 Debt issued designated at fair value is
 
composed primarily
of UBS structured notes, which
 
include variable maturity notes
 
with various equity and foreign
 
exchange underlying risks, rates
 
-linked and credit-linked
 
notes, all of which
 
have embedded derivative parameters
 
that
are considered to be unobservable. The equivalent
 
derivative instrument parameters are presented in the respective derivative financial instruments lines in
 
this table.
Disclosure of sensitivity analysis of fair value measurement to changes in unobservable inputs, assets [text block]
Sensitivity of fair value measurements to changes
 
in unobservable input assumptions
30.6.21
31.3.21
31.12.20
USD million
Favorable
changes
Unfavorable
changes
Favorable
changes
Unfavorable
changes
Favorable
changes
Unfavorable
changes
Traded loans, loans designated at fair value, loan commitments and guarantees
22
(13)
26
(21)
29
(28)
Securities financing transactions
69
(68)
71
(51)
40
(52)
Auction rate securities
114
(114)
88
(88)
105
(105)
Asset-backed securities
48
(34)
50
(40)
41
(41)
Equity instruments
150
(120)
127
(99)
129
(96)
Interest rate derivative contracts, net
25
(14)
38
(23)
11
(16)
Credit derivative contracts, net
8
(10)
10
(10)
10
(14)
Foreign exchange derivative contracts, net
15
(9)
17
(11)
20
(15)
Equity / index derivative contracts, net
344
(324)
358
(344)
318
(294)
Other
58
(77)
77
(92)
91
(107)
Total
852
(782)
861
(779)
794
(768)
Disclosure of sensitivity analysis of fair value measurement to changes in unobservable inputs, liabilities [text block]
Sensitivity of fair value measurements to changes
 
in unobservable input assumptions
30.6.21
31.3.21
31.12.20
USD million
Favorable
changes
Unfavorable
changes
Favorable
changes
Unfavorable
changes
Favorable
changes
Unfavorable
changes
Traded loans, loans designated at fair value, loan commitments and guarantees
22
(13)
26
(21)
29
(28)
Securities financing transactions
69
(68)
71
(51)
40
(52)
Auction rate securities
114
(114)
88
(88)
105
(105)
Asset-backed securities
48
(34)
50
(40)
41
(41)
Equity instruments
150
(120)
127
(99)
129
(96)
Interest rate derivative contracts, net
25
(14)
38
(23)
11
(16)
Credit derivative contracts, net
8
(10)
10
(10)
10
(14)
Foreign exchange derivative contracts, net
15
(9)
17
(11)
20
(15)
Equity / index derivative contracts, net
344
(324)
358
(344)
318
(294)
Other
58
(77)
77
(92)
91
(107)
Total
852
(782)
861
(779)
794
(768)
Disclosure Of Fair Value Of Financial Instruments Explanatory
Movements of Level 3 instruments
Total gains / losses
included in
comprehensive income
USD billion
Balance
 
as of
 
31 December
2019
Net gains /
losses
included in
income
1
of which:
related to
Level 3
instruments
held at the
end of the
reporting
period
Purchases
Sales
Issuances
Settlements
Transfers
 
into
 
Level 3
Transfers
 
out of
 
Level 3
Foreign
currency
translation
Balance
 
as of
 
30 June
2020
Financial assets at fair value held for
trading
1.8
(0.1)
0.0
0.3
(1.0)
1.4
0.0
0.3
0.0
0.0
2.7
of which:
Investment fund units
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
Corporate and municipal bonds
0.5
0.0
0.0
0.2
(0.2)
0.0
0.0
0.2
0.0
0.0
0.8
Loans
0.8
(0.1)
0.0
0.0
(0.6)
1.4
0.0
0.0
0.0
0.0
1.6
Other
0.4
0.0
0.0
0.0
(0.2)
0.0
0.0
0.1
0.0
0.0
0.3
Derivative financial instruments –
assets
1.3
0.3
0.4
0.0
0.0
0.5
(0.5)
0.0
(0.1)
0.0
1.5
of which:
Interest rate contracts
0.3
0.2
0.2
0.0
0.0
0.0
(0.2)
0.0
0.0
0.0
0.3
Equity / index contracts
0.6
0.0
0.1
0.0
0.0
0.5
(0.2)
0.0
(0.1)
0.0
0.8
Credit derivative contracts
0.4
0.1
0.1
0.0
0.0
0.0
(0.2)
0.0
0.0
0.0
0.4
Other
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
Financial assets at fair value not held
for trading
4.0
(0.1)
(0.1)
0.5
(0.6)
0.0
0.0
0.1
0.0
0.0
3.7
of which:
Loans
1.2
0.0
0.0
0.4
(0.5)
0.0
0.0
0.0
0.0
0.0
1.0
Auction rate securities
1.5
(0.1)
(0.1)
0.0
0.0
0.0
0.0
0.0
0.0
0.0
1.4
Equity instruments
0.5
0.0
0.0
0.1
0.0
0.0
0.0
0.1
0.0
0.0
0.5
Other
0.7
0.0
0.0
0.1
(0.1)
0.0
0.0
0.0
0.0
0.0
0.8
Derivative financial instruments –
liabilities
2.0
1.2
1.1
0.0
0.0
0.5
(0.8)
0.6
(0.3)
0.0
3.3
of which:
Interest rate contracts
0.1
0.7
0.7
0.0
0.0
0.0
(0.3)
0.3
0.0
0.0
0.8
Equity / index contracts
1.3
0.2
0.2
0.0
0.0
0.5
(0.4)
0.0
(0.2)
0.0
1.4
Credit derivative contracts
0.5
0.3
0.3
0.0
0.0
0.1
(0.1)
0.3
(0.1)
0.0
0.9
Other
0.1
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.1
Debt issued designated at fair value
9.9
0.2
0.3
0.0
0.0
3.9
(3.5)
0.4
(1.0)
0.0
9.7
Other financial liabilities designated
at fair value
0.8
0.0
0.0
0.0
0.0
0.6
(0.3)
0.0
0.0
0.0
1.1
1 Net gains / losses included
 
in comprehensive income
 
are composed of Net
 
interest income, Other
 
net income from financial
 
instruments measured at fair
 
value through profit or
 
loss and Other income.
 
2 Total
Level 3 assets as of 30 June 2021 were USD
8.1
 
billion (31 December 2020: USD
8.3
 
billion). Total Level 3 liabilities as of 30 June 2021 were USD
18.4
 
billion (31 December 2020: USD
15.2
 
billion).
Total gains / losses
included in
comprehensive income
Balance
 
as of
31 December
2020
2
Net gains /
losses
included in
income
1
of which:
related to
Level 3
instruments
held at the
end of the
reporting
period
Purchases
Sales
Issuances
Settlements
Transfers
 
into
 
Level 3
Transfers
 
out of
 
Level 3
Foreign
 
currency
 
translation
Balance
 
as of
 
30 June
2021
2
2.3
0.0
0.0
0.3
(0.8)
0.4
0.0
0.2
(0.2)
0.0
2.1
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.8
0.0
0.0
0.1
(0.1)
0.0
0.0
0.0
(0.1)
0.0
0.8
1.1
0.0
0.0
0.1
(0.5)
0.4
0.0
0.0
(0.2)
0.0
1.0
0.4
(0.1)
(0.1)
0.0
(0.2)
0.0
0.0
0.1
0.0
0.0
0.3
1.8
(0.2)
(0.1)
0.0
0.0
0.5
(0.4)
0.0
(0.1)
0.0
1.5
0.5
(0.1)
(0.1)
0.0
0.0
0.0
(0.1)
0.0
0.0
0.0
0.3
0.9
0.1
0.1
0.0
0.0
0.3
(0.4)
0.0
(0.1)
0.0
0.8
0.3
(0.1)
(0.1)
0.0
0.0
0.1
0.0
0.0
0.0
0.0
0.3
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
3.9
0.1
0.1
0.7
(0.3)
0.0
0.0
0.1
0.0
0.0
4.5
0.9
0.0
0.0
0.4
(0.1)
0.0
0.0
0.0
0.0
0.0
1.1
1.5
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
1.6
0.5
0.1
0.1
0.1
(0.1)
0.0
0.0
0.0
0.0
0.0
0.6
1.0
0.0
0.0
0.2
0.0
0.0
0.0
0.0
0.0
0.0
1.2
3.5
0.2
0.0
0.0
0.0
0.7
(1.2)
0.0
(0.2)
0.0
2.9
0.5
(0.1)
(0.1)
0.0
0.0
0.1
0.0
0.0
0.0
0.0
0.5
2.3
0.4
0.2
0.0
0.0
0.5
(1.1)
0.0
(0.2)
0.0
1.9
0.5
(0.2)
(0.2)
0.0
0.0
0.1
0.0
0.0
0.0
0.0
0.4
0.1
0.1
0.0
0.0
0.0
0.0
(0.1)
0.0
0.0
0.0
0.1
11.0
0.3
0.2
0.0
0.0
7.2
(2.9)
0.2
(0.8)
(0.2)
14.7
0.7
0.0
0.0
0.0
0.0
0.1
(0.2)
0.0
0.0
0.0
0.6