9 Netting of financial assets and financial liabilities

The table below provides an overview of the financial assets and financial liabilities, which are subject to an enforceable netting agreement or similar agreements. The LLB Group has concluded agreements with various counterparties, which permit netting. These are mainly agreements in connection with securities lending and borrowing transactions, reverse-repurchase deals, and over-the-counter transactions. The LLB Group does not conduct netting with the financial assets and financial liabilities of balance sheet transactions. Accordingly, the table below shows unnetted amounts in the balance sheet, risks therefore which the bank has accepted with the individual executed transactions, and which existed on the balance sheet date. The information provided in the table below does not represent the current credit risk in connection with the transactions conducted by the LLB Group.

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Subject to netting agreements

Potential netting amounts

 

 

 

in CHF thousands

Gross amounts before netting

Netting amounts

On the balance sheet recognised amounts, net

Financial instruments

Financial collaterals

Amounts after potential netting

Amounts without potential netting

On the balance sheet recognised amounts

31.12.2014

Financial assets subject to off-setting, enforceable netting agreements or similar arrangements

Reverse repurchase agreements

1'611'152

0

1'611'152

0

−1'597'054

14'098

0

1'611'152

Positive replacement values

87'781

0

87'781

−1'732

−76'648

9'402

0

87'781

Cash collateral receivables on derivative instruments

134'547

0

134'547

−134'547

0

0

0

134'547

Total assets

1'833'480

0

1'833'480

−136'278

−1'673'702

23'500

0

1'833'480

 

 

 

 

 

 

 

 

 

Financial liabilities subject to off-setting, enforceable netting agreements or similar arrangements

Negative replacement values

165'809

0

165'809

−134'547

0

31'263

0

165'809

Cash collateral payables on derivative instruments

0

0

0

0

0

0

0

0

Total liabilities

165'809

0

165'809

−134'547

0

31'263

0

165'809

 

 

 

 

 

 

 

 

 

31.12.2013

Financial assets subject to off-setting, enforceable netting agreements or similar arrangements

Reverse repurchase agreements

1'966'885

0

1'966'885

0

−1'966'885

0

0

1'966'885

Positive replacement values

86'950

0

86'950

−7'651

−25'181

54'118

0

86'950

Cash collateral receivables on derivative instruments

25'250

0

25'250

−25'250

0

0

0

25'250

Total assets

2'079'085

0

2'079'085

−32'901

−1'992'066

54'118

0

2'079'085

 

 

 

 

 

 

 

 

 

Financial liabilities subject to off-setting, enforceable netting agreements or similar arrangements

Negative replacement values

108'929

0

108'929

−25'250

0

83'679

0

108'929

Cash collateral payables on derivative instruments

6'863

0

6'863

−6'863

0

0

0

6'863

Total liabilities

115'792

0

115'792

−32'114

0

83'679

0

115'792

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