3 Net trading income
|
in CHF thousands |
First half 2021 |
First half 2020 |
+ / – % |
|
Foreign exchange trading |
31'363 |
37'397 |
– 16.1 |
|
Foreign note trading |
201 |
– 287 |
|
|
Precious metals trading |
847 |
1'195 |
– 29.1 |
|
Interest rate instruments * |
5'164 |
8'204 |
– 37.1 |
|
Total net trading income |
37'575 |
46'509 |
– 19.2 |
* The LLB Group uses interest rate swaps for trading and hedging purposes. If the interest rate swaps do not fulfil the approval criteria according to IAS 39 in order to be booked as hedging transactions, they are treated as interest rate swaps for trading purposes.