Interests in unconsolidated structured entities (Tables)	12 Months Ended
	Dec. 31, 2021
Entity [Table]
Disclosure Of Interests In Unconsolidated Structured Entities Explanatory	Interests in unconsolidated structured entities 31.12.21 USD million, except where indicated Securitization vehicles Client vehicles Investment funds Total Maximum exposure to loss 1 Financial assets at fair value held for trading 246 162 6,743 7,151 7,151 Derivative financial instruments 5 45 155 205 205 Loans and advances to customers 125 125 125 Financial assets at fair value not held for trading 35 222 257 257 Financial assets measured at fair value through other comprehensive income 324 4,525 4,849 4,849 Other financial assets measured at amortized cost 0 2 0 1 250 Total assets 610 3 4,732 7,247 12,588 Derivative financial instruments 2 11 281 294 Total liabilities 2 11 281 294 Assets held by the unconsolidated structured entities in which UBS had an interest (USD billion) 30 4 81 5 158 6 31.12.20 USD million, except where indicated Securitization vehicles Client vehicles Investment funds Total Maximum exposure to loss 1 Financial assets at fair value held for trading 375 131 7,595 8,101 8,101 Derivative financial instruments 6 49 158 213 211 Loans and advances to customers 179 179 179 Financial assets at fair value not held for trading 35 1 2 172 208 208 Financial assets measured at fair value through other comprehensive income 6,624 6,624 6,624 Other financial assets measured at amortized cost 0 2 0 250 Total assets 416 3 6,805 8,104 15,326 Derivative financial instruments 3 11 376 390 0 Total liabilities 3 11 376 390 Assets held by the unconsolidated structured entities in which UBS had an interest (USD billion) 39 4 136 5 124 6 1 For the purpose of this disclosure, maximum exposure to loss amounts do not consider the risk-reducing effects of collateral or other credit enhancements. 2 Represents the carrying amount of loan commitments. The maximum exposure to loss for these instruments is equal to the notional amount. 3 As of 31 December 2021, USD 0.1 billion of the USD 0.6 billion (31 December 2020: USD 0.2 billion of the USD 0.4 billion) was held in Group Functions – Non-core and Legacy Portfolio. 4 Represents the principal amount outstanding. 5 Represents the market value of total assets. 6 Represents the net asset value of the investment funds sponsored by UBS and the carrying amount of UBS’s interests in the investment funds not sponsored by UBS. In 2021, UBS updated the presentation of this table to remove its interests in unconsolidated structured investment funds and the corresponding total asset information, where UBS’s interest is driven solely from UBS’s role as the fund’s investment manager and the fees it receives. This information is now separately disclosed in the accompanying text on the following page. Prior-period information has been aligned with this new presentation.
UBS AG
Entity [Table]
Disclosure Of Interests In Unconsolidated Structured Entities Explanatory	Interests in unconsolidated structured entities 31.12.21 USD million, except where indicated Securitization vehicles Client vehicles Investment funds Total Maximum exposure to loss 1 Financial assets at fair value held for trading 246 162 6,743 7,151 7,151 Derivative financial instruments 5 45 155 205 205 Loans and advances to customers 125 125 125 Financial assets at fair value not held for trading 35 100 135 135 Financial assets measured at fair value through other comprehensive income 324 4,525 4,849 4,849 Other financial assets measured at amortized cost 0 2 0 1 250 Total assets 610 3 4,732 7,124 12,466 Derivative financial instruments 2 11 281 294 Total liabilities 2 11 281 294 Assets held by the unconsolidated structured entities in which UBS AG had an interest (USD billion) 30 4 81 5 103 6 31.12.20 USD million, except where indicated Securitization vehicles Client vehicles Investment funds Total Maximum exposure to loss 1 Financial assets at fair value held for trading 375 131 7,595 8,101 8,101 Derivative financial instruments 6 49 158 213 211 Loans and advances to customers 179 179 179 Financial assets at fair value not held for trading 35 1 2 73 109 109 Financial assets measured at fair value through other comprehensive income 6,624 6,624 6,624 Other financial assets measured at amortized cost 0 2 0 250 Total assets 416 3 6,805 8,005 15,227 Derivative financial instruments 3 11 376 390 0 Total liabilities 3 11 376 390 Assets held by the unconsolidated structured entities in which UBS AG had an interest (USD billion) 39 4 136 5 89 6 1 For the purpose of this disclosure, maximum exposure to loss amounts do not consider the risk-reducing effects of collateral or other credit enhancements. 2 Represents the carrying amount of loan commitments. The maximum exposure to loss for these instruments is equal to the notional amount. 3 As of 31 December 2021, USD 0.1 billion of the USD 0.6 billion (31 December 2020: USD 0.2 billion of the USD 0.4 billion) was held in Group Functions – Non-core and Legacy Portfolio. 4 Represents the principal amount outstanding. 5 Represents the market value of total assets. 6 Represents the net asset value of the investment funds sponsored by UBS AG and the carrying amount of UBS AG’s interests in the investment funds not sponsored by UBS AG. In 2021, UBS AG updated the presentation of this table to remove its interests in unconsolidated structured investment funds and the corresponding total asset information, where UBS AG’s interest is driven solely from UBS AG’s role as the fund’s investment manager and the fees it receives. This information is now separately disclosed in the accompanying text on the following page. Prior-period information has been aligned with this new presentation.