Transferred financial assets that are derecognized in their entirety with continuing involvement

12 Months Ended

Dec. 31, 2021

Entity [Table]

Disclosure Of Continuing Involvement In Derecognised Financial Assets Explanatory

c) Transferred financial assets that are derecognized in their entirety with continuing involvement

Continuing involvement in a transferred and fully derecognized

financial asset may result from contractual provisions in the

particular transfer agreement or from a separate agreement, with

the counterparty or a third party, entered into in connection with

the transfer.

The fair value and carrying amount of UBS’s continuing

involvement from transferred positions as of 31 December 2021

and 31 December 2020 was not material. Life-to-date losses

reported in prior periods primarily relate to legacy positions in

securitization vehicles which have been fully marked down, with no

remaining exposure to loss

UBS AG

Entity [Table]

Disclosure Of Continuing Involvement In Derecognised Financial Assets Explanatory

c) Transferred financial assets that are derecognized in their entirety with continuing involvement

Continuing involvement in a transferred and fully derecognized

financial asset may result from contractual provisions in the

particular transfer agreement or from a separate agreement, with

the counterparty or a third party, entered into in connection with

the transfer.

The fair value and carrying amount of UBS AG’s continuing

involvement from transferred positions as of 31 December 2021

and 31 December 2020 was not material. Life-to-date losses

reported in prior periods primarily relate to legacy positions in

securitization vehicles which have been fully marked down, with no

remaining exposure to loss.