Interest rate benchmark reform (Tables)

12 Months Ended

Dec. 31, 2023

Disclosure Of Interest Rate Benchmark Reform Maximum Exposure Tables [Line Items]

Disclosure Of Quantitative Information About Financial Instruments That Have Yet To Transition To Alternative Benchmark Rate Explanatory

31.12.22

1

Measure

USD LIBOR

benchmark rates

Carrying value of non-derivative financial instruments

Total non-derivative financial assets 

USD m

14,269

2

Total non-derivative financial liabilities 

USD m

1,138

3

Trade count of derivative financial instruments

Total derivative financial instruments

Trade count

32,006

4

Off-balance sheet exposures

Total irrevocable loan commitments

USD m

4,606

5

1 As of 31 December 2022, non-USD balances and trade counts were minimal. 2 Includes USD

1

bn of loans related to revolving multi-currency credit lines, where IBOR transition efforts are complete, except for

USD LIBOR. The remaining balances as of 31 December 2022 primarily related to US mortgages and corporate lending. 3 Relates to floating-rate notes that per their contractual terms can reset to rates linked to

LIBOR, with transition dependent upon the actions of respective issuers. 4 Includes approximately

2,000

 contracts having a contractual maturity after 30 June 2023, with the last USD LIBOR fixing occurring before

30 June 2023. No further contractual fixing is required for these contracts. 5 Includes approximately USD

3

bn of loan commitments that can be drawn in different currencies; however, only USD LIBOR transition

efforts remained open as of 31 December 2022.