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Derivative financial instruments - Hedged items in fair value hedges (Details) - Derivatives designated as fair value hedges - GBP (£)
£ in Millions
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Assets    
Carrying amount, hedged assets £ 37,471 £ 36,444
Accumulated fair value hedge adjustment included in carrying amount (4,511) 832
Of which: Accumulated fair value adjustment on items no longer in a hedge relationship (219) 2
Liabilities    
Carrying amount, hedged liabilities (34,260) (26,691)
Accumulated fair value hedge adjustment included in carrying amount 2,746 (622)
Of which: Accumulated fair value adjustment on items no longer in a hedge relationship (26) (320)
Total Hedged Items 3,211 9,753
Accumulated fair value hedge adjustment included in carrying amount, total (1,765) 210
Of which: Accumulated fair value adjustment on items no longer in a hedge relationship, total (245) (318)
Change in fair value used as a basis to determine ineffectiveness (3,173) (431)
Hedge ineffectiveness recognised in the income statement 102 31
Hedged assets    
Liabilities    
Change in fair value used as a basis to determine ineffectiveness (6,750) (1,200)
Hedge ineffectiveness recognised in the income statement 80 25
Hedged assets | Interest rate risk | Debt securities classified as amortised cost    
Assets    
Carrying amount, hedged assets 159 1,378
Accumulated fair value hedge adjustment included in carrying amount (19) (39)
Of which: Accumulated fair value adjustment on items no longer in a hedge relationship (11) 0
Liabilities    
Change in fair value used as a basis to determine ineffectiveness (133) (75)
Hedge ineffectiveness recognised in the income statement (20) (18)
Hedged assets | Interest rate risk | Fair value through other comprehensive income    
Assets    
Carrying amount, hedged assets 25,044 22,895
Accumulated fair value hedge adjustment included in carrying amount (3,132) (293)
Of which: Accumulated fair value adjustment on items no longer in a hedge relationship (228) 28
Liabilities    
Change in fair value used as a basis to determine ineffectiveness (3,833) (1,122)
Hedge ineffectiveness recognised in the income statement 145 35
Hedged assets | - Inflation risk | Debt securities classified as amortised cost    
Assets    
Carrying amount, hedged assets 3,854 4,087
Accumulated fair value hedge adjustment included in carrying amount (1,287) 400
Of which: Accumulated fair value adjustment on items no longer in a hedge relationship 0 0
Liabilities    
Change in fair value used as a basis to determine ineffectiveness (1,658) (16)
Hedge ineffectiveness recognised in the income statement (18) (1)
Hedged assets | - Inflation risk | Fair value through other comprehensive income    
Assets    
Carrying amount, hedged assets 6,019 6,271
Accumulated fair value hedge adjustment included in carrying amount (181) 386
Of which: Accumulated fair value adjustment on items no longer in a hedge relationship 17 (32)
Liabilities    
Change in fair value used as a basis to determine ineffectiveness (690) 81
Hedge ineffectiveness recognised in the income statement (26) 10
Loans and advances at amortised cost | Interest rate risk | Financial assets at amortised cost    
Assets    
Carrying amount, hedged assets 1,950 1,257
Accumulated fair value hedge adjustment included in carrying amount (135) 24
Of which: Accumulated fair value adjustment on items no longer in a hedge relationship 3 6
Liabilities    
Change in fair value used as a basis to determine ineffectiveness (325) (77)
Hedge ineffectiveness recognised in the income statement (3) (1)
Loans and advances at amortised cost | - Inflation risk | Financial assets at amortised cost    
Assets    
Carrying amount, hedged assets 445 556
Accumulated fair value hedge adjustment included in carrying amount 243 354
Of which: Accumulated fair value adjustment on items no longer in a hedge relationship 0 0
Liabilities    
Change in fair value used as a basis to determine ineffectiveness (111) 9
Hedge ineffectiveness recognised in the income statement 2 0
Hedged liabilities    
Liabilities    
Change in fair value used as a basis to determine ineffectiveness 3,577 769
Hedge ineffectiveness recognised in the income statement 22 6
Debt securities classified as amortised cost | Interest rate risk    
Liabilities    
Carrying amount, hedged liabilities (34,260) (26,691)
Accumulated fair value hedge adjustment included in carrying amount 2,746 (622)
Of which: Accumulated fair value adjustment on items no longer in a hedge relationship (26) (320)
Change in fair value used as a basis to determine ineffectiveness 3,577 769
Hedge ineffectiveness recognised in the income statement £ 22 £ 6