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Derivative instruments | 6 Months Ended
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Jun. 30, 2023
Derivative [Line Items] |
Disclosure Of Derivative Financial Instruments Explanatory | Note 10 Derivative instruments a) Derivative instruments As of 30.6.23, USD bn Derivative financial assets Derivative financial liabilities Notional values related to derivative financial assets and liabilities 1 Other notional values 2 Derivative financial instruments Interest rate 63.7 62.0 3,788 3 25,438 Credit derivatives 5.4 6.2 379 Foreign exchange 74.7 76.6 7,350 82 Equity / index 39.7 45.3 1,192 497 Commodities 1.7 1.7 159 23 Other 4 0.8 1.3 140 Total derivative financial instruments, based on IFRS netting 5 185.9 193.1 13,010 26,040 of which: Credit Suisse 6 63.2 66.7 2,804 10,689 Further netting potential not recognized on the balance sheet 7 (170.0) (174.9) of which: netting of recognized financial liabilities / assets (140.0) (140.0) of which: netting with collateral received / pledged (30.0) (34.9) Total derivative financial instruments, after consideration of further netting potential 15.9 18.2 As of 31.3.23, USD bn Derivative financial instruments Interest rate 36.7 34.7 2,345 13,842 Credit derivatives 1.3 1.3 86 Foreign exchange 52.2 53.3 6,610 56 Equity / index 21.8 24.6 932 76 Commodities 1.8 1.6 146 19 Other 4 0.4 0.6 106 Total derivative financial instruments, based on IFRS netting 5 114.3 116.1 10,224 13,993 Further netting potential not recognized on the balance sheet 7 (105.4) (104.3) of which: netting of recognized financial liabilities / assets (84.9) (84.9) of which: netting with collateral received / pledged (20.5) (19.4) Total derivative financial instruments, after consideration of further netting potential 8.8 11.8 As of 31.12.22, USD bn Derivative financial instruments Interest rate 39.8 37.5 2,080 11,255 Credit derivatives 1.0 1.2 74 Foreign exchange 85.5 88.5 6,080 40 Equity / index 22.2 26.1 886 63 Commodities 1.4 1.4 132 18 Other 4 0.2 0.1 50 Total derivative financial instruments, based on IFRS netting 5 150.1 154.9 9,302 11,376 Further netting potential not recognized on the balance sheet 7 (139.4) (137.1) of which: netting of recognized financial liabilities / assets (110.9) (110.9) of which: netting with collateral received / pledged (28.5) (26.2) Total derivative financial instruments, after consideration of further netting potential 10.7 17.8 1 In cases where derivative financial instruments are presented on a net basis on the balance sheet, the respective notional values of the netted derivative financial instruments are still presented on a gross basis. Notional amounts of client-cleared ETD and OTC transactions through central clearing counterparties are not disclosed, as they have a significantly different risk profile. 2 Other notional values relate to derivatives that are cleared through either a central counterparty or an exchange and settled on a daily basis (except for OTC derivatives settled through collateralized-to-market arrangements, which are presented under Derivative financial assets and Derivative financial liabilities). The fair value of these derivatives is presented on the balance sheet net of the corresponding cash margin under Cash collateral receivables on derivative instruments and Cash collateral payables on derivative instruments and was not material for all periods presented. 3 Includes USD 225 bn related to OTC derivatives settled through collateralized-to-market arrangements. 4 Includes mainly Loan commitments measured at FVTPL, as well as unsettled purchases and sales of non-derivative financial instruments for which the changes in the fair value between trade date and settlement date are recognized as derivative financial instruments. 5 Financial assets and liabilities are presented net on the balance sheet if UBS has the unconditional and legally enforceable right to offset the recognized amounts, both in the normal course of business and in the event of default, bankruptcy or insolvency of UBS or its counterparties, and intends either to settle on a net basis or to realize the asset and settle the liability simultaneously. 6 Refer to Note 2 for more information about the acquisition of the Credit Suisse Group. 7 Reflects the netting potential in accordance with enforceable master netting and similar arrangements where not all criteria for a net presentation on the balance sheet have been met. Refer to “Note 21 Offsetting financial assets and financial liabilities” in the “Consolidated financial statements” section of the Annual Report 2022 for more information. USD bn Receivables 30.6.23 Payables 30.6.23 Receivables 31.3.23 Payables 31.3.23 Receivables 31.12.22 Payables 31.12.22 Cash collateral on derivative instruments, based on IFRS netting 1 54.3 41.4 32.7 32.2 35.0 36.4 of which: Credit Suisse 2 19.3 10.0 Further netting potential not recognized on the balance sheet 3 (34.1) (26.7) (18.6) (17.3) (22.9) (21.9) of which: netting of recognized financial liabilities / assets (30.4) (22.9) (15.6) (14.3) (20.9) (20.0) of which: netting with collateral received / pledged (3.8) (3.8) (3.0) (3.0) (1.9) (1.9) Cash collateral on derivative instruments, after consideration of further netting potential 20.2 14.7 14.1 14.9 12.1 14.5 1 Financial assets and liabilities are presented net on the balance sheet if UBS has the unconditional and legally enforceable right to offset the recognized amounts, both in the normal course of business and in the event of default, bankruptcy or insolvency of UBS or its counterparties, and intends either to settle on a net basis or to realize the asset and settle the liability simultaneously. 2 Refer to Note 2 for more information about the acquisition of the Credit Suisse Group. 3 Reflects the netting potential in accordance with enforceable master netting and similar arrangements where not all criteria for a net presentation on the balance sheet have been met. Refer to “Note 21 Offsetting financial assets and financial liabilities” in the “Consolidated financial statements” section of the Annual Report 2022 for more information.

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- Definition The disclosure of derivative financial instruments. [Refer: Derivatives [member]] + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name IAS -Number 1 -IssueDate 2022-03-24 -Paragraph 10 -Subparagraph e -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=1&code=ifrs-tx-2022-en-r&anchor=para_10_e&doctype=Standard -URIDate 2022-03-24 + Details
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- Definition Line items represent concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes of the table. + References No definition available. + Details
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