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Maturity analysis of financial liabilities
 12 Months Ended
Dec. 31, 2023
Measurement Categories Credit Risk And Maturity Analysis Of Financial Instruments [Line Items]  
Measurement categories, credit risk and maturity analysis of financial instruments [text block]
 
 
Note 24
 
Maturity analysis of assets and liabilities
a) Maturity analysis of carrying amounts of assets and
 
liabilities
The table
 
below provides
 
an analysis
 
of carrying
 
amounts of
 
balance sheet
 
assets and
 
liabilities, as
 
well as
 
off-balance
sheet
 
exposures
 
by
 
residual
 
contractual
 
maturity
 
as
 
of
 
the
 
reporting
 
date.
 
The
 
residual
 
contractual
 
maturity
 
of
 
assets
includes the effect
 
of callable features.
 
The residual contractual
 
maturity of liabilities and
 
off-balance sheet exposures
 
is
based on the earliest date on which a third party
 
could require UBS to pay.
Derivative financial instruments
 
and financial assets
 
and liabilities at
 
fair value held for
 
trading are presented
 
in the
Due
within 1 month
 
column;
 
however, the respective contractual maturities may extend
 
over significantly longer periods.
Assets held to hedge unit-linked investment contracts
 
(presented within
Financial assets at fair value not
 
held for trading
)
are
 
presented
 
in
 
the
Due within
 
1
 
month
 
column,
 
consistent
 
with
 
the
 
maturity
 
assigned
 
to
 
the
 
related
 
amounts
 
due
under unit-linked investment contracts (presented within
Other financial liabilities designated at fair value
).
Other financial assets
 
and liabilities with
 
no contractual maturity, such
 
as equity securities,
 
are presented in
 
the
Perpetual /
Not applicable
 
column. Undated or
 
perpetual instruments are
 
classified based on the
 
contractual notice period
 
that the
counterparty
 
of the
 
instrument
 
is entitled
 
to
 
give.
 
Where
 
there
 
is no
 
contractual
 
notice
 
period,
 
undated
 
or perpetual
contracts are presented in the
Perpetual / Not applicable
 
column.
Non-financial assets
 
and liabilities
 
with no
 
contractual maturity
 
are generally
 
included in
 
the
Perpetual /
 
Not applicable
column.
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
31.12.23
USD bn
Due within
 
1 month
Due between
 
1 and 3
months
Due between
 
3 and 12
months
Due between
 
1 and 2 years
Due between
 
2 and 5 years
Due over
 
5 years
Perpetual /
Not
applicable
Total
Assets
Total financial assets measured at amortized cost
645.9
57.7
88.3
125.6
136.8
135.5
1,189.8
Amounts due from banks
18.8
1.1
0.8
0.0
0.3
0.2
21.2
Loans and advances to customers
177.9
34.0
77.5
118.5
116.6
115.3
639.8
Other financial assets measured at amortized cost
12.3
1.8
5.2
6.3
19.8
20.0
65.5
Total financial assets measured at fair value through profit or
loss
417.6
12.2
9.9
8.4
12.6
5.3
4.8
470.8
Financial assets at fair value not held for trading
50.8
12.2
9.9
8.4
12.6
5.3
4.8
104.0
Financial assets measured at fair value through other
comprehensive income
0.1
1.1
1.0
0.1
0.0
0.0
2.2
Total non-financial assets
12.3
0.2
1.3
1.2
1.1
38.4
54.5
Total assets
1,075.9
71.0
99.3
135.3
150.6
142.0
43.2
1,717.2
of which: Credit Suisse
346.4
37.5
50.2
32.7
59.9
44.2
12.2
583.2
Liabilities
Total financial liabilities measured at amortized cost
748.7
97.0
115.1
49.8
88.7
66.4
12.0
1,177.6
Customer deposits
618.2
76.5
72.7
15.9
8.4
0.3
792.0
Debt issued measured at amortized cost
10.1
14.7
34.3
31.1
73.2
62.5
12.0
237.8
of which: non-subordinated
7.6
14.7
31.8
30.8
72.8
62.5
220.2
of which: subordinated
2.5
2.5
0.3
0.3
0.0
12.0
17.6
Total financial liabilities measured at fair value through
profit or loss
1
308.3
14.0
30.0
31.2
18.0
25.2
426.6
Debt issued designated at fair value
17.0
13.8
28.8
28.8
15.9
24.0
128.3
Total non-financial liabilities
17.8
4.5
0.2
0.3
0.7
0.4
2.5
26.3
Total liabilities
 
1,074.7
115.6
145.3
81.3
107.4
91.9
14.5
1,630.6
of which: Credit Suisse
328.0
34.3
40.6
19.9
27.3
25.2
0.3
475.7
Guarantees, loan commitments and forward starting transactions
2
Irrevocable loan commitments
90.7
0.5
0.4
0.0
0.0
91.6
Guarantees
 
46.3
46.3
Forward starting reverse repurchase and securities borrowing
agreements
18.4
18.4
Irrevocable committed prolongation of existing loans
2.5
0.8
1.3
0.0
0.0
4.6
Total
157.9
1.4
1.8
0.0
0.0
161.0
of which: Credit Suisse
70.1
0.0
0.0
0.0
0.0
70.1
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
31.12.22
USD bn
Due within
 
1 month
Due between
 
1 and 3
months
Due between
 
3 and 12
months
Due between
 
1 and 2 years
Due between
 
2 and 5 years
Due over
 
5 years
Perpetual /
Not
applicable
Total
Assets
Total financial assets measured at amortized cost
422.6
28.7
34.4
78.7
70.4
92.7
727.6
Amounts due from banks
13.4
0.7
0.6
0.0
0.0
0.1
14.8
Loans and advances to customers
139.4
16.3
28.3
74.9
55.5
72.9
387.2
Other financial assets measured at amortized cost
8.7
4.2
2.8
3.0
14.8
19.7
53.3
Total financial assets measured at fair value through profit or
loss
300.2
10.0
7.8
3.6
9.9
2.0
1.9
335.3
Financial assets at fair value not held for trading
24.6
10.0
7.8
3.6
9.9
2.0
1.9
59.8
Financial assets measured at fair value through other
comprehensive income
0.3
0.9
0.9
0.1
0.0
0.0
2.2
Total non-financial assets
7.6
0.2
2.0
0.4
29.0
39.2
Total assets
730.7
39.6
43.4
82.4
82.3
95.1
31.0
1,104.4
Liabilities
Total financial liabilities measured at amortized cost
521.9
40.0
49.6
20.5
35.1
23.4
11.1
701.5
Customer deposits
463.0
28.3
23.8
7.5
2.2
0.3
525.1
Debt issued measured at amortized cost
6.6
8.8
23.3
11.9
31.1
21.9
11.1
114.6
of which: non-subordinated
4.6
8.8
23.3
9.5
30.6
21.9
98.6
of which: subordinated
2.0
2.4
0.5
11.1
16.0
Total financial liabilities measured at fair value through
profit or loss
1
265.9
13.8
16.3
19.6
7.3
10.5
333.4
Debt issued designated at fair value
9.3
12.3
15.9
19.3
6.9
10.0
73.6
Total non-financial liabilities
7.2
3.0
2.1
12.3
Total liabilities
 
795.1
56.7
65.9
40.1
42.4
33.9
13.2
1,047.1
Guarantees, loan commitments and forward starting transactions
2
Irrevocable loan commitments
39.3
0.3
0.4
0.0
40.0
Guarantees
 
22.4
22.4
Forward starting reverse repurchase and securities borrowing
agreements
3.8
3.8
Irrevocable committed prolongation of existing loans
4.7
4.7
Total
70.1
0.3
0.4
0.0
70.9
1 As of 31 December
 
2023 and 31 December 2022,
 
the contractual redemption amount
 
at maturity of debt
 
issued designated at fair value
 
through profit or loss and
 
other financial liabilities measured at
 
fair value
through profit or loss
 
was not materially
 
different from the carrying
 
amount.
 
2 The notional
 
amounts associated with
 
derivative loan commitments,
 
as well as
 
forward starting repurchase
 
and reverse repurchase
agreements, measured at
 
fair value through
 
profit or loss
 
are presented together
 
with notional amounts
 
related to derivative
 
instruments and have
 
been excluded from
 
the table above.
 
Refer to Note
 
11 for more
information.
 
b) Maturity analysis of financial liabilities on an undiscounted
 
basis
The table below provides
 
an analysis of financial
 
liabilities on an undiscounted
 
basis, including all
 
cash flows relating
 
to
principal and
 
future interest
 
payments. The
 
residual contractual
 
maturities for
 
non-derivative and
 
non-trading financial
liabilities are
 
based on
 
the earliest
 
date on
 
which UBS
 
could be
 
contractually required
 
to pay.
 
Derivative positions
 
and
trading liabilities,
 
predominantly made
 
up of short
 
sale transactions,
 
are presented
 
in 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.
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
31.12.23
USD bn
Due within
 
1 month
Due between
 
1 and 3
months
Due between
 
3 and 12
months
Due between
 
1 and 2 years
Due between
 
2 and 5 years
Due over
 
5 years
Perpetual /
Not
applicable
Total
Financial liabilities recognized on balance sheet
1
Amounts due to banks
60.2
2.7
4.2
0.3
4.4
0.0
71.7
Payables from securities financing transactions
5.0
3.2
3.7
2.0
0.9
0.0
14.8
Cash collateral payables on derivative instruments
41.6
41.6
Customer deposits
619.5
77.6
75.4
17.6
9.9
0.3
800.4
Debt issued measured at amortized cost
2
10.7
16.4
38.8
37.4
87.8
75.6
12.4
279.3
Other financial liabilities measured at amortized cost
7.7
0.2
0.9
1.2
3.3
4.2
17.4
 
of which: lease liabilities
0.1
0.1
0.8
0.9
2.1
2.5
6.5
Total financial liabilities measured at amortized cost
744.7
100.2
123.1
58.5
106.3
80.0
12.4
1,225.2
Financial liabilities at fair value held for trading
3,4
34.2
34.2
Derivative financial instruments
3,5
192.2
192.2
Brokerage payables designated at fair value
42.5
42.5
Debt issued designated at fair value
6
17.1
14.3
30.1
32.1
17.4
38.7
149.8
Other financial liabilities designated at fair value
22.2
0.2
1.2
2.3
2.1
1.6
29.7
Total financial liabilities measured at fair value through
profit or loss
308.2
14.6
31.3
34.5
19.5
40.3
448.3
Total
1,052.9
114.8
154.3
93.0
125.7
120.4
12.4
1,673.5
 
of which: Credit Suisse
315.9
33.9
42.8
21.7
30.8
29.0
474.1
Guarantees, loan commitments and forward starting transactions
Irrevocable loan commitments
7
90.7
0.5
0.4
0.0
0.0
91.6
Guarantees
46.3
46.3
Forward starting reverse repurchase and securities
borrowing agreements
7
18.4
18.4
Irrevocable committed prolongation of existing loans
2.5
0.8
1.3
0.0
0.0
4.6
Total
157.9
1.4
1.8
0.0
0.0
161.0
 
of which: Credit Suisse
70.1
0.0
0.0
0.0
0.0
70.1
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
31.12.22
USD bn
Due within
 
1 month
Due between
 
1 and 3
months
Due between
 
3 and 12
months
Due between
 
1 and 2 years
Due between
 
2 and 5 years
Due over
 
5 years
Perpetual /
Not
applicable
Total
Financial liabilities recognized on balance sheet
1
Amounts due to banks
6.3
2.6
1.9
0.3
0.6
0.0
11.7
Payables from securities financing transactions
3.3
0.3
0.4
0.3
4.4
Cash collateral payables on derivative instruments
36.4
36.4
Customer deposits
463.1
28.5
24.5
8.0
2.4
0.3
526.9
Debt issued measured at amortized cost
2
6.8
9.4
24.8
14.4
37.9
28.0
11.9
133.4
Other financial liabilities measured at amortized cost
4.7
0.1
0.5
0.5
1.3
1.4
8.5
 
of which: lease liabilities
0.1
0.1
0.5
0.5
1.3
1.4
3.8
Total financial liabilities measured at amortized cost
520.7
40.9
52.1
23.6
42.3
29.7
11.9
721.2
Financial liabilities at fair value held for trading
3,4
29.5
29.5
Derivative financial instruments
3,5
154.9
154.9
Brokerage payables designated at fair value
45.1
45.1
Debt issued designated at fair value
6
9.4
12.4
16.1
19.7
7.1
18.8
83.4
Other financial liabilities designated at fair value
27.1
1.4
0.4
0.4
0.5
0.8
30.6
Total financial liabilities measured at fair value through
profit or loss
266.0
13.8
16.4
20.0
7.6
19.6
343.5
Total
786.8
54.7
68.6
43.6
49.8
49.3
11.9
1,064.7
Guarantees, loan commitments and forward starting transactions
Irrevocable loan commitments
7
39.3
0.3
0.4
0.0
40.0
Guarantees
22.4
22.4
Forward starting reverse repurchase and securities
borrowing agreements
7
3.8
3.8
Irrevocable committed prolongation of existing loans
4.7
4.7
Total
70.1
0.3
0.4
0.0
70.9
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 Perpetual / Not applicable
 
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
32.3
bn due within 1 month (31 December
2022: USD
27.8
bn), USD
1.8
bn due between 1 month and 1 year (31 December 2022: USD
1.7
bn) and USD
0
bn due between 1 and 5 years (31 December 2022: USD
0
bn).
 
5 Includes USD
1,195
m (31 December
2022: USD
46
m) 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
100.1
bn (31 December
 
2022: USD
34.4
bn) is presented in
 
Note 11 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).