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Offsetting financial assets and financial liabilities (Tables)
 12 Months Ended
Dec. 31, 2024
Disclosure Offsetting Financial Assets And Financial Liabilities Tables [Line Items]  
Financial assets subject to offsetting, enforceable master netting arrangements and similar agreements
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Financial assets subject to offsetting, enforceable
 
master netting arrangements and similar
 
agreements
Assets subject to netting arrangements
 
Netting recognized on the balance sheet
Netting potential not recognized on
the balance sheet
1
Assets not
subject to netting
arrangements
2
Total assets
As of 31.12.24, USD bn
Gross assets
before netting
Netting with
 
gross liabilities
3
Net assets
recognized
on the
balance
 
sheet
Financial
liabilities
Collateral
received
Assets after
consideration
of
netting
potential
Assets
recognized
on the
balance
 
sheet
Total assets
after
consideration
of netting
 
potential
Total assets
recognized
 
on the
 
balance
sheet
Receivables from securities financing
transactions measured at amortized cost
111.4
(13.3)
98.2
(3.1)
(95.0)
0.1
20.1
20.3
118.3
Derivative financial instruments
 
177.9
(2.6)
175.2
(135.5)
(26.2)
13.5
10.3
23.8
185.6
Cash collateral receivables on
 
derivative instruments
4
42.0
0.0
42.0
(25.9)
(2.4)
13.7
1.9
15.7
44.0
Financial assets at fair value
 
not held for trading
112.3
(87.1)
25.2
(1.8)
(23.3)
0.1
70.3
70.4
95.5
of which: reverse
 
repurchase agreements
109.6
(87.1)
22.5
(1.8)
(20.6)
0.1
1.0
1.0
23.4
Total assets
443.6
(103.0)
340.6
(166.4)
(146.9)
27.4
102.7
130.1
443.3
As of 31.12.23, USD bn
Receivables from securities financing
transactions measured at amortized cost
93.7
(12.7)
80.9
(1.5)
(79.2)
0.3
18.1
18.4
99.0
Derivative financial instruments
 
172.4
(3.3)
169.1
(133.0)
(29.8)
6.3
7.0
13.3
176.1
Cash collateral receivables on
 
derivative instruments
4
47.3
0.0
47.3
(29.7)
(3.2)
14.5
2.7
17.2
50.1
Financial assets at fair value
 
not held for trading
129.8
(92.6)
37.2
(2.0)
(35.3)
0.0
66.7
66.7
104.0
of which: reverse
 
repurchase agreements
128.7
(92.6)
36.1
(2.0)
(34.1)
0.0
0.8
0.8
36.9
Total assets
443.2
(108.6)
334.6
(166.2)
(147.4)
21.0
94.6
115.6
429.2
1 For the purpose of this disclosure,
 
the amounts of financial instruments and cash
 
collateral presented have been capped so
 
as not to exceed the net amount
 
of financial assets presented on the balance
 
sheet; i.e.
over-collateralization, where
 
it exists, is
 
not reflected in
 
the table.
 
2 Includes assets
 
not subject to
 
enforceable netting arrangements
 
and other out-of-scope
 
items.
 
3 The logic
 
of the table
 
results in amounts
presented in the “Netting with gross liabilities”
 
column corresponding directly to the amounts
 
presented in the “Netting with gross assets”
 
column in the liabilities table presented
 
below. Netting in this column
 
for
reverse repurchase agreements
 
presented within the
 
lines “Receivables from
 
securities financing transactions
 
measured at amortized
 
cost” and “Financial
 
assets at fair
 
value not held
 
for trading” taken
 
together
corresponds to the amounts presented for repurchase agreements in the “Payables
 
from securities financing transactions measured at amortized cost” and
 
“Other financial liabilities designated at fair value” lines in
the liabilities table presented below.
 
4 The net amount of Cash collateral receivables on derivative instruments recognized on the balance sheet includes certain OTC derivatives that are net settled on a daily basis
either legally or in substance under IAS 32 principles and exchange-traded derivatives that are economically
 
settled on a daily basis.
Financial liabilities subject to offsetting, enforceable master netting arrangements and similar agreements
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Financial liabilities subject to offsetting, enforceable
 
master netting arrangements and similar
 
agreements
Liabilities subject to netting arrangements
 
Netting recognized on the balance sheet
Netting potential not recognized
 
on the balance sheet
1
Liabilities not
subject
 
to netting
 
arrangements
2
Total liabilities
As of 31.12.24, USD bn
Gross
liabilities
before
netting
Netting with
 
gross assets
3
Net
 
liabilities
recognized
on the
balance
sheet
Financial
assets
Collateral
pledged
Liabilities
after
consideration
 
of netting
potential
Liabilities
recognized
on the
balance
 
sheet
Total
 
liabilities
 
after
consideration
of netting
potential
Total
 
liabilities
recognized
on the
balance
 
sheet
Payables from securities financing
transactions measured at amortized cost
25.0
(11.5)
13.5
(1.1)
(12.4)
4
0.0
1.4
1.4
14.8
Derivative financial instruments
 
176.2
(2.6)
173.5
(135.5)
(30.8)
7.2
7.1
14.3
180.6
Cash collateral payables on
 
derivative instruments
5
33.9
0.0
33.9
(19.3)
(2.4)
12.2
1.6
13.8
35.5
Other financial liabilities
 
designated at fair value
96.8
(88.9)
7.8
(3.8)
(4.0)
0.0
20.9
20.9
28.7
of which: repurchase agreements
94.7
(88.9)
5.8
(3.8)
(2.0)
0.0
0.0
0.0
5.8
Total liabilities
331.8
(103.0)
228.8
(159.8)
(49.5)
19.4
30.9
50.3
259.7
As of 31.12.23, USD bn
Payables from securities financing
transactions measured at amortized cost
25.2
(12.5)
12.6
(0.8)
(11.8)
4
0.0
1.8
1.8
14.4
Derivative financial instruments
 
185.1
(3.3)
181.8
(133.0)
(35.0)
13.9
10.4
24.3
192.2
Cash collateral payables on
 
derivative instruments
5
39.8
0.0
39.7
(23.2)
(3.2)
13.3
1.8
15.2
41.6
Other financial liabilities
 
designated at fair value
102.1
(92.8)
9.3
(2.7)
(4.8)
1.8
20.2
22.0
29.5
of which: repurchase agreements
100.0
(92.8)
7.2
(2.7)
(4.5)
0.0
0.2
0.2
7.4
Total liabilities
352.1
(108.6)
243.5
(159.7)
(54.8)
29.1
34.2
63.2
277.7
1 For the purpose of this disclosure, the amounts of financial instruments and cash collateral presented have been capped so as not to exceed the net amount of financial liabilities presented on the balance sheet; i.e.
over-collateralization, where it
 
exists, is not reflected
 
in the table.
 
2 Includes liabilities not subject to
 
enforceable netting arrangements and
 
other out-of-scope items.
 
3 The logic of
 
the table results in amounts
presented in the “Netting with gross assets” column corresponding to the amounts
 
presented in the “Netting with gross liabilities” column in the assets table
 
presented above. Netting in this column for repurchase
agreements presented within the lines “Payables from securities financing transactions measured at amortized
 
cost” and “Other financial liabilities designated at fair value” taken together corresponds to
 
the amounts
presented for reverse repurchase agreements
 
in the “Receivables from securities
 
financing transactions measured at
 
amortized cost” and “Financial assets
 
at fair value not held
 
for trading” lines in the
 
assets table
presented above.
 
4 Includes collateral of USD
8.8
bn (2023: USD
7.7
bn) for securities financing transactions measured at amortized cost that use UBS debt instruments as the underlying.
 
5 The net amount of Cash
collateral payables on derivative instruments recognized on the balance
 
sheet includes certain OTC derivatives that are net settled
 
on a daily basis either legally or in substance under IAS 32 principles and exchange-
traded derivatives that are economically settled on a daily basis.