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Derivative instruments (Tables)
 12 Months Ended
Dec. 31, 2021
Entity [Table]  
Disclosure Of Derivative Financial Assets And Liabilities Explanatory
31.12.21
31.12.20
USD billion
Derivative
financial
assets
Notional
amounts
related to
derivative
financial
assets
2,3
Derivative
financial
liabilities
Notional
amounts
related to
derivative
financial
liabilities
2,3
Other
notional
amounts
2,4
Derivative
financial
assets
Notional
amounts
related to
derivative
financial
assets
2,3
Derivative
financial
liabilities
Notional
amounts
related to
derivative
financial
liabilities
2,3
Other
notional
amounts
2,4
Interest rate contracts
33.2
991.2
28.7
943.1
8,675.1
50.9
928.0
43.9
880.4
11,291.5
of which: forward contracts (OTC)
1
0.1
29.4
0.2
28.6
443.6
0.0
19.8
0.4
21.9
2,602.5
of which: swaps (OTC)
26.4
394.3
19.2
344.1
7,549.4
40.8
407.0
30.9
364.8
8,105.2
of which: options (OTC)
6.6
545.2
9.2
553.6
10.1
447.5
12.5
460.5
of which: futures (ETD)
525.0
480.6
of which: options (ETD)
0.0
22.4
0.0
16.8
157.1
0.0
53.6
0.0
33.1
103.3
Credit derivative contracts
1.4
44.7
1.8
46.3
2.4
57.6
2.9
64.8
of which: credit default swaps (OTC)
1.3
39.4
1.6
44.1
2.2
53.6
2.6
62.3
of which: total return swaps (OTC)
0.1
1.3
0.2
1.7
0.1
1.9
0.3
2.5
Foreign exchange contracts
53.3
3,030.8
54.1
2,938.8
1.2
68.7
2,951.1
70.5
2,820.4
1.4
of which: forward contracts (OTC)
23.8
1,008.9
23.8
1,043.2
27.3
779.1
29.0
853.3
of which: swaps (OTC)
24.3
1,606.3
24.9
1,480.3
34.3
1,727.3
34.4
1,567.3
of which: options (OTC)
5.2
412.6
5.3
408.6
7.1
440.9
7.1
394.7
Equity contracts
28.2
456.9
34.9
603.9
80.1
34.8
449.6
41.2
581.3
91.3
of which: swaps (OTC)
4.7
105.7
9.3
154.8
6.4
89.4
9.8
108.4
of which: options (OTC)
4.6
61.4
6.5
102.3
7.0
87.1
10.9
146.2
of which: futures (ETD)
71.2
67.9
of which: options (ETD)
10.2
289.6
9.8
346.3
8.8
10.7
273.1
11.3
326.8
23.5
of which: client-cleared transactions (ETD)
8.6
9.4
10.7
9.1
Commodity contracts
1.6
57.8
1.6
56.4
14.7
2.2
57.8
2.0
49.7
10.1
of which: swaps (OTC)
0.5
19.9
0.8
25.4
0.5
17.7
0.8
18.0
of which: options (OTC)
0.4
14.0
0.2
10.4
1.0
23.5
0.7
17.8
of which: futures (ETD)
13.9
9.3
of which: forward contracts (ETD)
 
0.0
18.1
 
0.0
15.2
 
0.0
8.0
 
0.0
6.3
of which: client-cleared transactions (ETD)
0.6
0.4
0.5
0.3
Loan commitments
 
measured at FVTPL (OTC)
 
0.0
0.8
0.0
8.2
0.0
10.2
Unsettled purchases of non-derivative
financial instruments
5
0.1
13.3
0.2
10.6
0.3
18.3
0.2
10.0
Unsettled sales of non-derivative financial
instruments
5
0.2
18.2
0.1
9.4
0.2
17.2
0.3
12.9
Total derivative instruments,
 
based on IFRS netting
6
118.1
4,613.8
121.3
4,616.6
8,771.1
159.6
4,479.5
161.1
4,429.7
11,394.4
1 Includes certain forward starting repurchase and reverse repurchase agreements that
 
are classified as measured at fair value through profit or loss
 
and are recognized within derivative instruments.
 
2 In cases where
derivative financial instruments
 
are presented on
 
a net basis
 
on the balance
 
sheet, the respective
 
notional
 
amounts of the
 
netted derivative financial
 
instruments are still
 
presented on a
 
gross basis.
 
3 Notional
amounts of client-cleared ETD and OTC
 
transactions through central clearing counterparties
 
are not disclosed, as they have significantly different
 
risk profile.
 
4 Other notional amounts relate to derivatives that
 
are
cleared through either a central counterparty or an exchange. The fair value
 
of these derivatives is presented on the balance sheet net of the corresponding cash margin under Cash collateral
 
receivables on derivative
instruments and Cash collateral
 
payables on derivative
 
instruments and was not
 
material for all periods presented.
 
5 Changes in the fair
 
value of purchased and sold
 
non-derivative financial instruments between
trade date and settlement date
 
are recognized as derivative financial instruments.
 
6 Derivative financial assets and liabilities are
 
presented net on the balance sheet
 
if UBS has the unconditional
 
and legally enforceable
right to offset the recognized amounts, both in the normal course of business and in the event of default, bankruptcy or insolvency
 
of the entity and all of the counterparties, and intends either to settle on a net basis
or to realize the asset and settle the liability simultaneously. Refer to Note 22 for more information on
 
netting arrangements.
UBS AG  
Entity [Table]  
Disclosure Of Derivative Financial Assets And Liabilities Explanatory
31.12.21
31.12.20
USD billion
Derivative
financial
assets
Notional
amounts
related to
derivative
financial
assets
2,3
Derivative
financial
liabilities
Notional
amounts
related to
derivative
financial
liabilities
2,3
Other
notional
amounts
2,4
Derivative
financial
assets
Notional
amounts
related to
derivative
financial
assets
2,3
Derivative
financial
liabilities
Notional
amounts
related to
derivative
financial
liabilities
2,3
Other
notional
amounts
2,4
Interest rate contracts
33.2
991.2
28.7
943.1
8,675.1
50.9
928.0
43.9
880.4
11,291.5
of which: forward contracts (OTC)
1
0.1
29.4
0.2
28.6
443.6
0.0
19.8
0.4
21.9
2,602.5
of which: swaps (OTC)
26.4
394.3
19.2
344.1
7,549.4
40.8
407.0
30.9
364.8
8,105.2
of which: options (OTC)
6.6
545.2
9.2
553.6
10.1
447.5
12.5
460.5
of which: futures (ETD)
525.0
480.6
of which: options (ETD)
0.0
22.4
0.0
16.8
157.1
0.0
53.6
0.0
33.1
103.3
Credit derivative contracts
1.4
44.7
1.8
46.3
2.4
57.6
2.9
64.8
of which: credit default swaps (OTC)
1.3
39.4
1.6
44.1
2.2
53.6
2.6
62.3
of which: total return swaps (OTC)
0.1
1.3
0.2
1.7
0.1
1.9
0.3
2.5
Foreign exchange contracts
53.3
3,031.0
54.1
2,938.8
1.2
68.7
2,951.2
70.5
2,820.4
1.4
of which: forward contracts (OTC)
23.8
1,009.1
23.8
1,043.2
27.3
779.2
29.0
853.3
of which: swaps (OTC)
24.3
1,606.4
24.9
1,480.3
34.3
1,727.3
34.4
1,567.3
of which: options (OTC)
5.2
412.6
5.3
408.6
7.1
440.9
7.1
394.7
Equity contracts
28.2
456.9
34.9
603.9
80.1
34.8
449.6
41.2
581.3
91.3
of which: swaps (OTC)
4.7
105.7
9.3
154.8
6.4
89.4
9.8
108.4
of which: options (OTC)
4.6
61.4
6.5
102.3
7.0
87.1
10.9
146.2
of which: futures (ETD)
71.2
67.9
of which: options (ETD)
10.2
289.6
9.8
346.3
8.8
10.7
273.1
11.3
326.8
23.5
of which: client-cleared transactions (ETD)
8.6
9.4
10.7
9.1
Commodity contracts
1.6
57.8
1.6
56.4
14.7
2.2
57.8
2.0
49.7
10.1
of which: swaps (OTC)
0.5
19.9
0.8
25.4
0.5
17.7
0.8
18.0
of which: options (OTC)
0.4
14.0
0.2
10.4
1.0
23.5
0.7
17.8
of which: futures (ETD)
13.9
9.3
of which: forward contracts (ETD)
0.0
18.1
0.0
15.2
0.0
8.0
0.0
6.3
of which: client-cleared transactions (ETD)
0.6
0.4
0.5
0.3
Loan commitments
 
measured at FVTPL (OTC)
 
0.0
0.8
0.0
8.2
0.0
10.2
Unsettled purchases of non-derivative
financial instruments
5
0.1
13.3
0.2
10.6
0.3
18.3
0.2
10.0
Unsettled sales of non-derivative financial
instruments
5
0.2
18.2
0.1
9.4
0.2
17.2
0.3
12.9
Total derivative instruments,
 
based on IFRS netting
6
118.1
4,614.0
121.3
4,616.6
8,771.1
159.6
4,479.6
161.1
4,429.7
11,394.4
1 Includes certain forward starting repurchase and reverse repurchase agreements that are classified as measured
 
at fair value through profit or loss and are recognized within derivative instruments.
 
2 In cases where
derivative financial instruments
 
are presented on
 
a net basis
 
on the bal
 
ance sheet, the
 
respective notional amounts
 
of the netted
 
derivative financial
 
instruments are
 
still presented on
 
a gross basis.
 
3 Notional
amounts of client-cleared ETD and OTC
 
transactions through central clearing
 
counterparties are not disclosed, as they
 
have significantly different risk profile.
 
4 Other notional amounts relate to derivatives
 
that are
cleared through either a central counterparty or an exchange. The
 
fair value of these derivatives is presented on the balance
 
sheet net of the corresponding cash margin under Cash collateral receivables on
 
derivative
instruments and Cash collateral
 
payables on derivative
 
instruments and was not
 
material for all periods
 
presented.
 
5 Changes in the
 
fair value of purchased
 
and sold non-derivative financial
 
instruments between
trade date and
 
settlement date are
 
recognized as derivative
 
financial instruments.
 
6 Derivative financial
 
assets and liabilities
 
are presented net
 
on the balance
 
sheet if UBS
 
AG has the
 
unconditional and legally
enforceable right to offset the recognized amounts, both in the normal course of business and in the event of default, bankruptcy or insolvency of the entity and all of the counterparties, and intends either to settle on
a net basis or to realize the asset and settle the liability simultaneously. Refer to Note 22 for more information
 
on netting arrangements.