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

12 Months Ended

Dec. 31, 2023

Disclosure Transferred Financial Assets [Line Items]

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 2023

and 31 December 2022 was not material. Life-to-date losses reported in prior periods primarily relate to legacy positions

in securitization vehicles that have been fully marked down, with no remaining exposure to loss.