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Derivative instruments | 6 Months Ended
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Jun. 30, 2021
Derivative [Line Items] |
Disclosure Of Derivative Financial Instruments Explanatory | Note 9 Derivative instruments a) Derivative instruments As of 30.6.21, USD billion Derivative financial assets Notional values related to derivative financial assets 1 Derivative financial liabilities Notional values related to derivative financial liabilities 1 Other notional values 2 Derivative financial instruments Interest rate contracts 38.4 995 32.7 912 9,918 Credit derivative contracts 2.0 54 2.4 54 0 Foreign exchange contracts 49.5 3,074 47.4 2,869 2 Equity / index contracts 29.2 458 36.3 615 90 Commodity contracts 1.9 59 2.1 58 15 Loan commitments measured at FVTPL 0.0 1 0.0 11 Unsettled purchases of non-derivative financial instruments 3 0.3 29 0.3 26 Unsettled sales of non-derivative financial instruments 3 0.3 39 0.4 23 Total derivative financial instruments, based on IFRS netting 4 121.6 4,708 121.7 4,569 10,024 Further netting potential not recognized on the balance sheet 5 (107.5) (106.8) of which: netting of recognized financial liabilities / assets (86.8) (86.8) of which: netting with collateral received / pledged (20.6) (20.0) Total derivative financial instruments, after consideration of further netting potential 14.2 14.9 As of 31.3.21, USD billion Derivative financial instruments Interest rate contracts 39.9 991 34.0 901 11,707 Credit derivative contracts 2.3 65 2.5 62 0 Foreign exchange contracts 70.7 3,283 67.6 3,066 2 Equity / index contracts 32.2 468 38.7 599 97 Commodity contracts 2.2 62 2.0 54 12 Loan commitments measured at FVTPL 0.0 1 0.0 9 Unsettled purchases of non-derivative financial instruments 3 0.6 26 0.3 32 Unsettled sales of non-derivative financial instruments 3 0.4 41 0.8 21 Total derivative financial instruments, based on IFRS netting 4 148.3 4,937 146.0 4,745 11,817 Further netting potential not recognized on the balance sheet 5 (130.1) (127.5) of which: netting of recognized financial liabilities / assets (105.1) (105.1) of which: netting with collateral received / pledged (25.0) (22.5) Total derivative financial instruments, after consideration of further netting potential 18.2 18.5 As of 31.12.20, USD billion Derivative financial instruments Interest rate contracts 50.9 928 43.9 880 11,292 Credit derivative contracts 2.4 58 2.9 65 0 Foreign exchange contracts 68.7 2,951 70.5 2,820 1 Equity / index contracts 34.8 450 41.2 581 91 Commodity contracts 2.2 58 2.0 50 10 Loan commitments measured at FVTPL 0.0 10 Unsettled purchases of non-derivative financial instruments 3 0.3 18 0.2 10 Unsettled sales of non-derivative financial instruments 3 0.2 17 0.3 13 Total derivative financial instruments, based on IFRS netting 4 159.6 4,479 161.1 4,430 11,394 Further netting potential not recognized on the balance sheet 5 (144.4) (141.2) of which: netting of recognized financial liabilities / assets (117.2) (117.2) of which: netting with collateral received / pledged (27.2) (23.9) Total derivative financial instruments, after consideration of further netting potential 15.2 19.9 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 exchange-traded agency transactions and OTC -cleared transactions entered into on behalf of clients 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. 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 Changes in the fair value of purchased and sold non- derivative financial instruments between trade date and settlement date are recognized as derivative financial instruments. 4 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. 5 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 22 Offsetting financial assets and financi al liabilities” in the “Consolidated financial statements” section of the Annual Report 2020 for more information. b) Cash collateral on derivative instruments USD billion Receivables 30.6.21 Payables 30.6.21 Receivables 31.3.21 Payables 31.3.21 Receivables 31.12.20 Payables 31.12.20 Cash collateral on derivative instruments, based on IFRS netting 1 29.8 32.2 35.0 36.6 32.7 37.3 Further netting potential not recognized on the balance sheet 2 (18.3) (16.9) (21.1) (20.7) (21.1) (21.6) of which: netting of recognized financial liabilities / assets (15.9) (14.4) (18.2) (18.3) (19.6) (19.6) of which: netting with collateral received / pledged (2.4) (2.5) (2.9) (2.3) (1.5) (2.1) Cash collateral on derivative instruments, after consideration of further netting potential 11.5 15.3 14.0 15.9 11.6 15.7 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 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 22 Offsetting financial assets and financial liabilities” in the “Consolidated financial statements” section of the Annual Report 2020 for more information.

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