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Maturity analysis of financial liabilities
 12 Months Ended
Dec. 31, 2021
Entity [Table]  
Measurement categories, credit risk and maturity analysis of financial instruments [text block]
Note 24
 
Maturity analysis of financial liabilities
The
 
residual
 
contractual
 
maturities
 
for
 
non-derivative
 
and
 
non-
trading financial liabilities
 
as of 31 December 2021
 
are based on
the earliest date on which UBS could be contractually required to
pay.
 
The
 
total
 
amounts
 
that
 
contractually
 
mature
 
in
 
each
 
time
band are also shown for 31 December 2020.
 
Derivative positions
and
 
trading
 
liabilities,
 
predominantly
 
made
 
up
 
of
 
short
 
sale
transactions, are assigned to the
Due within 1 month
 
column
,
 
as
this
 
provides
 
a
 
conservative
 
reflection
 
of
 
the
 
nature
 
of
 
these
trading activities. The
 
residual contractual
 
maturities may extend
over significantly longer periods.
Maturity analysis of financial liabilities
31.12.21
USD billion
Due within
 
1 month
Due between
 
1 and 3 months
Due between
 
3 and 12 months
Due between
 
1 and 5 years
Due after
 
5 years
Total
Financial liabilities recognized on balance sheet
1
Amounts due to banks
 
6.7
2.4
3.5
0.6
 
13.1
Payables from securities financing transactions
3.8
0.3
1.6
0.0
 
5.7
Cash collateral payables on derivative instruments
31.8
 
 
 
 
31.8
Customer deposits
530.1
5.2
3.3
3.2
0.4
542.3
Debt issued measured at amortized cost
2
4.0
12.7
41.1
53.5
37.6
148.9
Other financial liabilities measured at amortized cost
4.5
0.1
0.5
1.8
1.6
8.4
 
of which: lease liabilities
0.1
0.1
0.5
1.8
1.6
4.0
Total financial liabilities measured at amortized cost
580.9
20.8
49.9
59.2
39.5
750.2
Financial liabilities at fair value held for trading
3,4
31.7
 
 
 
 
31.7
Derivative financial instruments
3,5
121.3
 
 
 
 
121.3
Brokerage payables designated at fair value
44.0
 
 
 
 
44.0
Debt issued designated at fair value
6
13.8
11.5
13.5
24.5
18.5
81.9
Other financial liabilities designated at fair value
28.1
0.4
0.5
0.4
1.1
30.5
Total financial liabilities measured at fair value through profit or loss
239.0
11.9
14.0
24.9
19.6
309.4
Total
819.8
32.7
63.9
84.1
59.1
1,059.6
Guarantees, commitments and forward starting transactions
Loan commitments
7
38.3
0.5
0.7
0.0
 
39.5
Guarantees
21.2
 
0.0
 
 
21.2
Forward starting transactions, reverse repurchase
and securities borrowing agreements
7
1.4
 
 
 
 
1.4
Total
60.9
0.5
0.7
0.0
0.0
62.1
31.12.20
USD billion
Due within
 
1 month
Due between
 
1 and 3 months
Due between
 
3 and 12 months
Due between
 
1 and 5 years
Due after
 
5 years
Total
Financial liabilities recognized on balance sheet
1
Amounts due to banks
6.1
2.4
2.1
0.5
0.0
11.1
Payables from securities financing transactions
5.6
0.4
0.3
0.0
0.0
6.3
Cash collateral payables on derivative instruments
37.3
 
 
 
 
37.3
Customer deposits
512.8
6.6
3.5
1.8
0.2
524.9
Debt issued measured at amortized cost
2
9.0
8.3
41.9
53.7
35.6
148.5
Other financial liabilities measured at amortized cost
4.5
0.1
0.5
2.0
1.8
8.9
 
of which: lease liabilities
0.1
0.1
0.5
2.0
1.8
4.5
Total financial liabilities measured at amortized cost
575.3
17.9
48.2
58.0
37.7
737.1
Financial liabilities at fair value held for trading
3,4
33.6
 
 
 
 
33.6
Derivative financial instruments
3,5
161.1
 
 
 
 
161.1
Brokerage payables designated at fair value
38.7
 
 
 
 
38.7
Debt issued designated at fair value
6
21.9
16.8
7.1
9.2
9.5
64.5
Other financial liabilities designated at fair value
27.9
0.6
0.6
0.7
1.1
30.9
Total financial liabilities measured at fair value through profit or loss
283.2
17.4
7.7
9.9
10.6
328.8
Total
858.5
35.3
56.0
67.9
48.3
1,065.9
Guarantees, commitments and forward starting transactions
Loan commitments
7
40.5
0.5
0.4
0.0
 
41.4
Guarantees
17.5
 
 
 
 
17.5
Forward starting transactions, reverse repurchase
and securities borrowing agreements
7
3.2
 
 
 
 
3.2
Total
61.3
0.5
0.4
0.0
0.0
62.2
1 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.
 
2 The time-bucket Due after 5 years includes perpetual loss-absorbing additional tier 1 capital instruments.
 
3 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.
 
4 Contractual maturities of financial liabilities at fair value held for trading are: USD
30.8
 
billion due within 1 month (31 December 2020:
USD
32.6
 
billion), USD
0.9
 
billion due between 1 month and 1 year (31 December 2020: USD
1.0
 
billion) and USD
0
 
billion due between 1 and 5 years (31 December 2020: USD
0
 
billion).
 
5 Includes USD
34
 
million
(31 December 2020: USD
32
 
million) related to fair values of
 
derivative loan commitments and forward
 
starting reverse repurchase agreements classified as
 
derivatives, presented within “Due
 
within 1 month." The
full contractual committed amount of USD
36.0
 
billion (31 December 2020: USD
31.3
 
billion) is presented in Note 10 under notional
 
amounts.
 
6 Future interest payments on variable-rate liabilities
 
are determined
by reference to the
 
applicable interest rate
 
prevailing as of
 
the reporting date.
 
Future principal payments
 
that are variable
 
are determined by
 
reference to the conditions
 
existing at the relevant
 
reporting date.
 
7
Excludes derivative loan commitments and forward starting reverse repurchase agreements measured at fair value
 
(see footnote 5).
UBS AG  
Entity [Table]  
Measurement categories, credit risk and maturity analysis of financial instruments [text block]
Note 24
 
Maturity analysis of financial liabilities
The
 
residual
 
contractual
 
maturities
 
for
 
non-derivative
 
and
 
non-
trading financial liabilities as
 
of 31 December 2021
 
are based on
the earliest date
 
on which UBS
 
AG could be
 
contractually required
to pay.
 
The total amounts that contractually mature in
 
each time
band are also shown for 31 December 2020.
 
Derivative positions
and
 
trading
 
liabilities,
 
predominantly
 
made
 
up
 
of
 
short
 
sale
transactions, are assigned to the
Due within 1 month
 
column
,
 
as
this
 
provides
 
a
 
conservative
 
reflection
 
of
 
the
 
nature
 
of
 
these
trading activities. The
 
residual contractual
 
maturities may extend
over significantly longer periods.
Maturity analysis of financial liabilities
31.12.21
USD billion
Due within
 
1 month
Due between
 
1 and 3 months
Due between
 
3 and 12 months
Due between
 
1 and 5 years
Due after
 
5 years
Total
Financial liabilities recognized on balance sheet
1
Amounts due to banks
 
6.7
2.4
3.5
0.6
0.0
13.1
Payables from securities financing transactions
3.8
0.3
1.6
0.0
 
5.7
Cash collateral payables on derivative instruments
31.8
 
 
 
 
31.8
Customer deposits
531.0
6.6
3.3
3.9
0.4
545.1
Funding from UBS Group AG
2
0.2
3.3
2.3
28.8
30.6
65.3
Debt issued measured at amortized cost
2
3.8
9.4
38.8
25.1
7.6
84.7
Other financial liabilities measured at amortized cost
5.3
0.1
0.4
1.8
1.5
9.1
of which: lease liabilities
0.1
0.1
0.4
1.8
1.5
3.9
Total financial liabilities measured at amortized cost
582.6
22.1
49.9
60.2
40.1
754.8
Financial liabilities at fair value held for trading
3,4
31.7
 
 
 
 
31.7
Derivative financial instruments
3,5
121.3
 
 
 
 
121.3
Brokerage payables designated at fair value
44.0
 
 
 
 
44.0
Debt issued designated at fair value
6
13.8
11.5
13.5
24.5
12.5
75.9
Other financial liabilities designated at fair value
28.1
0.4
0.5
0.4
7.1
36.5
Total financial liabilities measured at fair value through profit or loss
239.0
11.9
14.0
24.9
19.6
309.4
Total
 
821.6
34.0
63.9
85.0
59.6
1,064.2
Guarantees, commitments and forward starting transactions
Loan commitments
7
38.3
0.5
0.7
0.0
 
39.5
Guarantees
21.2
 
0.0
 
 
21.2
Forward starting transactions, reverse repurchase
and securities borrowing agreements
7
1.4
 
 
 
 
1.4
Total
 
60.9
0.5
0.7
0.0
0.0
62.1
31.12.20
USD billion
Due within
 
1 month
Due between
 
1 and 3 months
Due between
 
3 and 12 months
Due between
 
1 and 5 years
Due after
 
5 years
Total
Financial liabilities recognized on balance sheet
1
Amounts due to banks
 
6.1
2.4
2.1
0.5
0.0
11.1
Payables from securities financing transactions
5.6
0.4
0.3
0.0
0.0
6.3
Cash collateral payables on derivative instruments
37.3
 
 
 
 
37.3
Customer deposits
514.0
7.8
3.5
2.8
0.2
528.2
Funding from UBS Group AG
2
0.1
0.3
6.2
29.1
24.8
60.5
Debt issued measured at amortized cost
2
8.8
7.8
38.2
24.5
8.9
88.2
Other financial liabilities measured at amortized cost
5.3
0.1
0.5
2.0
1.8
9.6
of which: lease liabilities
0.1
0.1
0.5
2.0
1.8
4.4
Total financial liabilities measured at amortized cost
577.2
18.9
50.7
58.8
35.8
741.3
Financial liabilities at fair value held for trading
3,4
33.6
 
 
 
 
33.6
Derivative financial instruments
3,5
161.1
 
 
 
 
161.1
Brokerage payables designated at fair value
38.7
 
 
 
 
38.7
Debt issued designated at fair value
6
21.9
16.8
7.1
9.2
6.0
61.0
Other financial liabilities designated at fair value
27.9
0.6
0.6
0.7
4.6
34.3
Total financial liabilities measured at fair value through profit or loss
283.2
17.4
7.7
9.8
10.6
328.8
Total
 
860.3
36.3
58.4
68.6
46.4
1,070.0
Guarantees, commitments and forward starting transactions
Loan commitments
7
40.5
0.5
0.4
0.0
 
41.4
Guarantees
17.5
 
 
 
 
17.5
Forward starting transactions, reverse repurchase
and securities borrowing agreements
7
3.2
 
 
 
 
3.2
Total
 
61.3
0.5
0.4
0.0
0.0
62.2
1 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.
 
2 The time-bucket Due after 5 years includes perpetual loss-absorbing additional tier 1 capital instruments.
 
3 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.
 
4 Contractual maturities of financial liabilities at fair value held for trading are: USD
30.8
 
billion due within 1 month (31 December 2020:
USD
32.6
 
billion), USD
0.9
 
billion due between 1 month and 1 year (31 December 2020: USD
1.0
 
billion) and USD
0
 
billion due between 1 and 5 years (31 December 2020: USD
0
 
billion).
 
5 Includes USD
34
 
million
(31 December 2020: USD
32
 
million) related to fair values of derivative
 
loan commitments and forward starting
 
reverse repurchase agreements classified as derivatives,
 
presented within “Due within 1 month." The
full contractual committed amount of USD
36.0
 
billion (31 December 2020: USD
31.3
 
billion) is presented in Note 10 under notional amounts.
 
6 Future interest payments on variable-rate liabilities
 
are determined
by reference
 
to the
 
applicable interest
 
rate prevailing
 
as of
 
the reporting
 
date. Future
 
principal payments
 
that are
 
variable are
 
determined by
 
reference to
 
the conditions
 
existing at
 
the relevant
 
reporting date.
 
7 Excludes derivative loan commitments and forward starting reverse repurchase agreements measured at fair value
 
(see footnote 5).