Reverse Repurchase Agreements and Repurchase Agreements

12 Months Ended

Dec. 31, 2025

Repurchase And Reverse Repurchase Agreements [Abstract]

Reverse Repurchase Agreements and Repurchase Agreements

24      Reverse Repurchase Agreements and Repurchase Agreements

The Group enters into reverse repurchase and repurchase agreements primarily to generate

income from the spread between the rate earned on reverse repurchase agreements and the rate paid on

repurchase agreements (“securities financing”). Repurchase agreements are also used to finance

securities and support the facilitation of client activity. These assets and liabilities are measured at fair

value through profit or loss.

	2025	2024
	$m	$m
Reverse repurchase agreements	3,117.1	2,490.4
Repurchase agreements	(4,148.9)	(2,305.8)
	(1,031.8)	184.6