Hedge accounting (Tables)	12 Months Ended
Hedge accounting (Tables)	Dec. 31, 2024
Notes Hedge Accounting Tables [Line Items]
All hedges: designated hedging instruments and hedge ineffectiveness	All hedges: designated hedging instruments and hedge ineffectiveness As of or for the year ended 31.12.24 Carrying amount USD m Notional amount Derivative financial assets Derivative financial liabilities Changes in fair value of hedging instruments 1 Changes in fair value of hedged items 1 Hedge ineffectiveness recognized in the income statement Interest rate risk Fair value hedges 233,636 25 10 (1,678) 1,692 14 Cash flow hedges 88,256 1 0 (1,715) 1,710 (5) Foreign exchange risk Fair value hedges 2 68,423 566 1,515 (1,383) 1,376 (7) Hedges of net investments in foreign operations 21,777 689 1 2,963 (2,957) 6 As of or for the year ended 31.12.23 Carrying amount USD m Notional amount Derivative financial assets Derivative financial liabilities Changes in fair value of hedging instruments 1 Changes in fair value of hedged items 1 Hedge ineffectiveness recognized in the income statement Interest rate risk Fair value hedges 246,909 3 51 2,275 (2,311) (36) Cash flow hedges 97,834 3 0 (337) 358 21 Foreign exchange risk Fair value hedges 2 33,877 468 291 132 (151) (19) Hedges of net investments in foreign operations 38,668 17 1,270 (2,317) 2,320 3 1 Amounts used as the basis for recognizing hedge ineffectiveness for the period. 2 The foreign currency basis spread of cross-currency swaps designated as hedging derivatives is excluded from the hedge accounting designation and accounted for as a cost of hedging with amounts deferred in Other comprehensive income within Equity.
Fair value hedges: designated hedged items recognized on balance sheet	Fair value hedges: designated hedged items recognized on balance sheet 1 USD m 31.12.24 31.12.23 Interest rate risk FX risk Interest rate risk FX risk Loans and advances to customers Carrying amount of designated loans 56,309 61,107 of which: accumulated amount of fair value hedge adjustment 1,774 457 of which: accumulated amount of fair value hedge adjustment subject to amortization attributable to the portion of the portfolio that ceased to be part of hedge accounting (176) (179) Other financial assets measured at amortized cost – debt securities Carrying amount of designated debt securities 9,125 6,333 of which: accumulated amount of fair value hedge adjustment (348) (109) Customer deposits Carrying amount of customer deposits 13,031 8,972 of which: accumulated amount of fair value hedge adjustment (18) 50 Debt issued measured at amortized cost Carrying amount of designated debt issued 151,481 53,328 156,507 22,329 of which: accumulated amount of fair value hedge adjustment (3,061) (2,976) 1 In addition, as of 31 December 2024 UBS designated in fair value hedges of FX risk USD 15 bn (31 December 2023 USD 12 bn) of intragroup debt instruments that are not recognized on consolidated balance sheet but FX gains and losses on these instruments impact consolidated profit or loss.
Fair value hedges: profile of the timing of the nominal amount of the hedging instrument	Fair value hedges: profile of the timing of the nominal amount of the hedging instrument 31.12.24 USD bn Due within 1 month Due between 1 and 3 months Due between 3 and 12 months Due between 1 and 5 years Due after 5 years Total Interest rate swaps 3 9 38 118 66 234 Cross-currency swaps 2 1 8 45 12 68 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 5 years Due after 5 years Total Interest rate swaps 1 7 29 142 68 247 Cross-currency swaps 1 2 2 22 7 34
Cash flow hedge reserve on a pre-tax basis	Cash flow hedge reserve on a pre-tax basis USD m 31.12.24 31.12.23 Amounts related to hedge relationships for which hedge accounting continues to be applied (2,514) (2,319) Amounts related to hedge relationships for which hedge accounting is no longer applied (714) (1,487) Total other comprehensive income recognized directly in equity related to cash flow hedges, on a pre-tax basis (3,228) (3,806)
Foreign currency translation reserve on a pre-tax basis	Foreign currency translation reserve on a pre-tax basis USD m 31.12.24 31.12.23 Amounts related to hedge relationships for which hedge accounting continues to be applied 861 (2,063) Amounts related to hedge relationships for which hedge accounting is no longer applied 266 266 Total other comprehensive income recognized directly in equity related to hedging instruments designated as net investment hedges, on a pre-tax basis 1,126 (1,798)