XML 173 R38.htm IDEA: XBRL DOCUMENT v3.22.0.1
Transferred financial assets that are not derecognized in their entirety
 12 Months Ended
Dec. 31, 2021
Entity [Table]  
Disclosure Of Transfers Of Financial Assets Explanatory
b) Transferred financial assets that are not derecognized in their entirety
The table below presents
 
information for financial
 
assets that have been
 
transferred but are
 
subject to continued recognition
 
in full,
as well as recognized liabilities associated with those transferred assets.
Transferred financial assets subject to continued recognition in full
 
USD million
31.12.21
31.12.20
Carrying amount
of transferred
assets
Carrying amount of
 
associated liabilities
 
recognized
 
on balance sheet
Carrying amount
of transferred
assets
Carrying amount of
 
associated liabilities
 
recognized
 
on balance sheet
Financial assets at fair value held for trading that may be sold or repledged
 
by counterparties
43,397
17,687
47,098
18,874
relating to securities lending and repurchase agreements in
 
exchange for cash received
17,970
17,687
19,177
18,874
relating to securities lending agreements in exchange for securities
 
received
24,146
27,595
relating to other financial asset transfers
1,281
326
Financial assets at fair value not held for trading that may be sold or repledged
 
by
counterparties
961
898
2,140
1,378
Debt securities classified as Other financial assets measured
 
at amortized cost that may be
sold or repledged by counterparties
1,870
1,725
2,506
1,963
Financial assets measured at fair value through other comprehensive
 
income that may be sold
or repledged by counterparties
0
0
149
148
Total financial assets transferred
46,227
20,311
51,893
22,363
Transactions
 
in
 
which
 
financial
 
assets
 
are
 
transferred,
 
but
continue to be recognized
 
in their entirety on
 
UBS’s balance sheet
include securities lending
 
and repurchase agreements
 
,
 
as well as
other financial asset
 
transfers. Repurchase
 
and securities lending
arrangements are,
 
for the
 
most part,
 
conducted under
 
standard
market
 
agreements
 
and
 
are
 
undertaken
 
with
 
counterparties
subject to UBS’s normal credit risk control processes.
 
›
 
Refer to Note 1a item 2e for more information
 
about repurchase
and securities lending agreements
 
As
 
of
31
 
December
 
2021
,
approximately
41
%
 
of
 
the
transferred
 
financial
 
assets
 
were
 
assets
held
 
for
 
trading
transferred
 
in
 
exchange
 
for
 
cash,
 
in
 
which
 
case
 
the
 
associated
recognized
 
liability
 
represents
 
the
 
amount
 
to
 
be
 
repaid
 
to
counterparties. For securities
 
lending and repurchase
 
agreements,
a
 
haircut
 
of
 
between
0
%
 
and
15
%
 
is
 
generally
 
applied
 
to
 
the
transferred assets,
 
which results
 
in associated
 
liabilities having
 
a
carrying
 
amount
 
below
 
the
 
carrying
 
amount
 
of
 
the
 
transferred
assets. The counterparties to the
 
associated liabilities presented in
the table above have full recourse to UBS.
In securities
 
lending arrangements
 
entered into in
 
exchange for
the receipt
 
of other
 
securities as
 
collateral, neither
 
the securities
received
 
nor
 
the
 
obligation
 
to
 
return
 
them
 
are
 
recognized
 
on
UBS’s balance
 
sheet, as
 
the risks
 
and rewards
 
of ownership
 
are
not
 
transferred
 
to
 
UBS.
 
In
 
cases
 
where
 
such
 
financial
 
assets
received
 
are
 
subsequently
 
sold
 
or
 
repledged
 
in
 
another
transaction,
 
this
 
is
 
not
 
considered
 
to
 
be
 
a
 
transfer
 
of
 
financial
assets.
Other
 
financial
 
asset
 
transfers
 
primarily
 
include
 
securities
transferred to
 
collateralize derivative
 
transactions, for
 
which the
carrying
 
amount
 
of
 
associated
 
liabilities
 
is
 
not
 
provided
 
in
 
the
table above,
 
because those
 
replacement values are
 
managed on
a
 
portfolio
 
basis
 
across
 
counterparties
 
and
 
product
 
types,
 
and
therefore
 
there
 
is
 
no
 
direct
 
relationship
 
between
 
the
 
specific
collateral pledged and the associated liability.
Transferred
 
financial
 
assets
 
that
 
are
 
not
 
subject
 
to
derecognition in
 
full but
 
remain on
 
the balance
 
sheet to
 
the extent
of
 
the
 
Group’s
 
continuing
 
involvement
 
were not
 
material as
 
of
31 December 2021 and as of 31 December 2020.
UBS AG  
Entity [Table]  
Disclosure Of Transfers Of Financial Assets Explanatory
b) Transferred financial assets that are not derecognized in their entirety
The table below presents
 
information for financial
 
assets that have been
 
transferred but are
 
subject to continued recognition
 
in full,
as well as recognized liabilities associated with those transferred assets.
Transferred financial assets subject to continued recognition in full
 
USD million
31.12.21
31.12.20
Carrying amount
of transferred
assets
Carrying amount of
 
associated liabilities
 
recognized
 
on balance sheet
Carrying amount
of transferred
assets
Carrying amount of
 
associated liabilities
 
recognized
 
on balance sheet
Financial assets at fair value held for trading that may be sold or repledged
 
by counterparties
43,397
17,687
47,098
18,874
relating to securities lending and repurchase agreements in
 
exchange for cash received
17,970
17,687
19,177
18,874
relating to securities lending agreements in exchange for securities
 
received
24,146
27,595
relating to other financial asset transfers
1,281
326
Financial assets at fair value not held for trading that may be sold or repledged
 
by
counterparties
961
898
2,140
1,378
Debt securities classified as Other financial assets measured
 
at amortized cost that may be
sold or repledged by counterparties
1,870
1,725
2,506
1,963
Financial assets measured at fair value through other comprehensive
 
income that may be sold
or repledged by counterparties
0
0
149
148
Total financial assets transferred
46,227
20,311
51,893
22,363
Transactions
 
in
 
which
 
financial
 
assets
 
are
 
transferred,
 
but
continue to
 
be recognized
 
in their entirety
 
on UBS AG’s
 
balance
sheet
 
include
 
securities
 
lending
 
and
 
repurchase
 
agreements,
 
as
well as
 
other financial
 
asset transfers.
 
Repurchase and
 
securities
lending
 
arrangements
 
are,
 
for
 
the
 
most
 
part,
 
conducted
 
under
standard
 
market
agreements
and
 
are
 
undertaken
 
with
counterparties
 
subject
 
to
 
UBS
 
AG’s
 
normal
 
credit
 
risk
 
control
processes.
 
›
 
Refer to Note 1a item 2e for more information
 
about repurchase
and securities lending agreements
 
As
 
of
31
 
December
 
2021
,
approximately
41
%
 
of
 
the
transferred
 
financial
 
assets
 
were
 
assets
 
held
 
for
 
trading
transferred
 
in
 
exchange
 
for
 
cash,
 
in
 
which
 
case
 
the
 
associated
recognized
 
liability
 
represents
 
the
 
amount
 
to
 
be
 
repaid
 
to
counterparties. For securities
 
lending and repurchase
 
agreements,
a
 
haircut
 
of
 
between
0
%
 
and
15
%
 
is
 
generally
 
applied
 
to
 
the
transferred assets,
 
which results
 
in associated
 
liabilities having
 
a
carrying
 
amount
 
below
 
the
 
carrying
 
amount
 
of
 
the
 
transferred
assets. The counterparties to the
 
associated liabilities presented in
the table above have full recourse to UBS AG.
In securities
 
lending arrangements
 
entered into in
 
exchange for
the receipt
 
of other
 
securities as
 
collateral, neither
 
the securities
received nor the obligation to return them
 
are recognized on UBS
AG’s balance sheet, as
 
the risks and rewards
 
of ownership are not
transferred
 
to
 
UBS
 
AG.
 
In
 
cases
 
where
 
such
 
financial
 
assets
received
 
are
 
subsequently
 
sold
 
or
 
repledged
 
in
 
another
transaction,
 
this
 
is
 
not
 
considered
 
to
 
be
 
a
 
transfer
 
of
 
financial
assets.
Other
 
financial
 
asset
 
transfers
 
primarily
 
include
 
securities
transferred to
 
collateralize derivative
 
transactions, for
 
which the
carrying
 
amount
 
of
 
associated
 
liabilities
 
is
 
not
 
provided
 
in
 
the
table above,
 
because those
 
replacement values are
 
managed on
a
 
portfolio
 
basis
 
across
 
counterparties
 
and
 
product
 
types,
 
and
therefore
 
there
 
is
 
no
 
direct
 
relationship
 
between
 
the
 
specific
collateral pledged and the associated liability.
Transferred
 
financial
 
assets
 
that
 
are
 
not
 
subject
 
to
derecognition in
 
full but
 
remain on
 
the balance
 
sheet to
 
the extent
of
 
UBS
 
AG’s
 
continuing
 
involvement
 
were
 
not
 
material
 
as
 
of
31 December 2021 and as of 31 December 2020.