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Asset transfers (Tables)

12 Months Ended

Dec. 31, 2023

Asset transfers

Schedule of assets subject to securities repurchase agreements or security lending transactions

​

​	​	​	​	​
​		2023		2022
The following assets have failed derecognition (1)	​	£m	​	£m
Trading assets	​	7,907	​	6,668
Loans to bank - amortised cost	​	10	​	16
Loans to customers - amortised cost	​	281	​	398
Other financial assets	​	8,764	​	2,901
Total		16,962		9,983

​

(1) Associated liabilities were £16,522 million (2022 - £9,501 million).

Schedule of assets pledged as collateral

​

​	​	​	​	​
​	​	2023	​	2022
Assets pledged against liabilities		£m		£m
Trading assets	​	10,976	​	15,062
Loans to banks - amortised cost		63		66
Loans to customers - amortised cost		21,611		17,493
Other financial assets (1)		6,506		3,351
Total		39,156		35,972

​

(1) Includes assets pledged for pension derivatives and £482 million of debt securities under the continuing control of NWB Plc. This follows the agreement between NWB Plc and the Group Pension Fund to establish a bankruptcy remote reservoir trust to hold these assets. Refer to Note 5 for additional information.

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- Definition

The disclosure of transferred financial assets that are not derecognised in their entirety. [Refer: Transferred financial assets that are not derecognised in their entirety [member]]

+ References

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-Name IFRS
-Number 7
-IssueDate 2023-01-01
-Paragraph 42D
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-URIDate 2023-03-23

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- Definition

Tabular disclosure of information related to assets pledged as securities.

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