Derivative instruments	6 Months Ended
Derivative instruments	Jun. 30, 2022
Entity [Table]
Disclosure Of Derivative Financial Instruments Explanatory	Note 9 Derivative instruments a) Derivative instruments As of 30.6.22, USD bn Derivative financial assets Notional values related to derivative financial assets 1 Derivative financial liabilities Notional values related to derivative financial liabilities 1 Other notional values 2 Derivative financial instruments Interest rate 38.3 1,083 34.7 1,049 9,799 Credit derivatives 2.1 48 1.8 47 0 Foreign exchange 83.4 3,252 82.5 3,092 33 Equity / index 33.9 388 34.6 457 69 Commodities 2.0 78 2.2 70 16 Loan commitments measured at FVTPL 0.0 1 0.0 7 Unsettled purchases of non-derivative financial instruments 3 0.3 29 0.5 22 Unsettled sales of non-derivative financial instruments 3 0.5 30 0.5 24 Total derivative financial instruments, based on IFRS netting 4 160.5 4,910 156.9 4,769 9,916 Further netting potential not recognized on the balance sheet 5 (146.5) (141.0) of which: netting of recognized financial liabilities / assets (116.0) (116.0) of which: netting with collateral received / pledged (30.5) (24.9) Total derivative financial instruments, after consideration of further netting potential 14.0 15.9 As of 31.3.22, USD bn Derivative financial instruments Interest rate 37.1 1,080 33.7 1,055 9,569 Credit derivatives 1.7 50 1.8 48 0 Foreign exchange 67.6 3,315 66.1 3,183 20 Equity / index 29.9 477 33.3 566 80 Commodities 2.9 82 2.6 65 17 Loan commitments measured at FVTPL 0.0 1 0.0 5 Unsettled purchases of non-derivative financial instruments 3 0.3 26 0.5 30 Unsettled sales of non-derivative financial instruments 3 0.7 45 0.4 18 Total derivative financial instruments, based on IFRS netting 4 140.3 5,075 138.4 4,971 9,686 Further netting potential not recognized on the balance sheet 5 (126.6) (121.4) of which: netting of recognized financial liabilities / assets (101.7) (101.7) of which: netting with collateral received / pledged (25.0) (19.7) Total derivative financial instruments, after consideration of further netting potential 13.7 17.0 As of 31.12.21, USD bn Derivative financial instruments Interest rate 33.2 991 28.7 943 8,675 Credit derivatives 1.4 45 1.8 46 0 Foreign exchange 53.3 3,031 54.1 2,939 1 Equity / index 28.2 457 34.9 604 80 Commodities 1.6 58 1.6 56 15 Loan commitments measured at FVTPL 0.0 1 0.0 8 Unsettled purchases of non-derivative financial instruments 3 0.1 13 0.2 11 Unsettled sales of non-derivative financial instruments 3 0.2 18 0.1 9 Total derivative financial instruments, based on IFRS netting 4 118.1 4,614 121.3 4,617 8,771 Further netting potential not recognized on the balance sheet 5 (107.4) (107.0) of which: netting of recognized financial liabilities / assets (88.9) (88.9) of which: netting with collateral received / pledged (18.5) (18.1) Total derivative financial instruments, after consideration of further netting potential 10.7 14.3 1 In cases where derivative financial instruments are presented on a net basis on the balance sheet, the respective notional values of the netted derivative financial instruments are still presented on a gross basis. Notional amounts of client -cleared ETD and OTC transactions through central clearing counterparties are not disclosed, as they have a significantly different risk profile. 2 Other notional values 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. 3 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. 4 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 UBS or its counterparties, and intends either to settle on a net basis or to realize the asset and settle the liability simultan eously. 5 Reflects the netting potential in accordance with enforceable master netting and similar arrangements where not all criteria for a net presentation on the balance sheet have been met. Refer to “Note 22 Offsetting financial assets and financial liabilities” in the “Consolidated financial statements” section of the Annual Report 2021 for more information. b) Cash collateral on derivative instruments USD bn Receivables 30.6.22 Payables 30.6.22 Receivables 31.3.22 Payables 31.3.22 Receivables 31.12.21 Payables 31.12.21 Cash collateral on derivative instruments, based on IFRS netting 1 43.8 40.5 39.3 39.6 30.5 31.8 Further netting potential not recognized on the balance sheet 2 (23.2) (22.6) (19.0) (21.4) (18.4) (16.4) of which: netting of recognized financial liabilities / assets (20.4) (19.9) (15.8) (18.2) (15.2) (13.1) of which: netting with collateral received / pledged (2.8) (2.8) (3.2) (3.2) (3.3) (3.3) Cash collateral on derivative instruments, after consideration of further netting potential 20.6 17.9 20.3 18.2 12.1 15.4 1 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 UBS or its counterparties, and intends either to settle on a net basis or to realize the asset and settle the liability simultaneously. 2 Reflects the netting potential in accordance with enforceable master netting and similar arrangements where not all criteria for a net presentation on the bala nce sheet have been met. Refer to “Note 22 Offsetting financial assets and financial liabilities” in the “Consolidated financial statements” section of the Annual Report 2021 for more information.