Comparison of accounting figures and regulatory positions

LI1: Reconciliation of accounting and regulatory exposure amounts

	a/b	c	d	f	g
		Carrying values
Amounts in millions Swiss francs	Carrying values under the scope of accounting and regulatory consolidation	of items subject to credit risk framework	of items subject to counterparty credit risk framework	of items subject to market risk framework	not subject to capital requirements or subject to deduction from capital
Assets
Liquid assets	7,797.9	7,797.9	0.0	7.0	0.0
Amounts due from banks	658.6	453.6	205.0	514.7	0.0
Amounts due from clients	5,434.9	5,434.4	0.5	599.4	0.0
Mortgage loans	40,917.7	40,917.7	0.0	57.0	0.0
Trading activities	1,692.9	0.0	5.6	1,692.3	0.0
Positive replacement values of derivative financial instruments	89.6	0.0	89.6	89.6	0.0
Financial investments	5,290.1	2,517.6	2,548.3	497.9	0.0
Accrued income and prepaid expenses	100.7	100.7	0.0	5.1	0.0
Non-consolidated participations	28.3	28.3	0.0	0.0	0.0
Tangible fixed assets	213.8	213.8	0.0	0.0	0.0
Other assets	24.6	23.1	0.0	0.0	1.5
Total assets	62,249.1	57,487.2	2,849.0	3,462.9	1.5
Liabilities
Amounts due to banks	5,706.2	0.0	87.3	1,982.0	3,637.0
Amounts due to securities financing transactions	2,571.9	0.0	2,571.9	137.9	0.0
Amounts due in respect of customer deposits	30,009.6	0.0	0.4	2,162.8	27,846.4
Trading portfolio liabilities	55.9	0.0	0.0	0.0	55.9
Negative replacement values of derivative financial instruments	176.6	0.0	176.6	176.6	0.0
Liabilities from other financial instruments at fair value	927.7	0.0	0.0	309.1	618.6
Medium-term notes	206.2	0.0	0.0	0.0	206.2
Bonds and mortgage-backed bonds	18,053.0	0.0	0.0	185.1	17,867.9
Accrued expenses and deferred income	273.2	0.0	0.0	12.7	260.5
Other liabilities	17.2	0.0	0.0	0.2	17.0
Provisions	26.8	0.0	0.0	0.3	26.6
Total liabilities	58,024.5	0.0	2,836.2	4,966.7	50,536.1

The positive and negative replacement values of derivative financial instruments are subject to both counterparty credit risk and market risk regulations. All assets (with the exception of trading activities) may be subject to both credit risk and market risk regulations.

LI2: Main sources of differences between regulatory exposure amounts and carrying values

		a	b	d	e
			Positions subject to:
	Amounts in millions Swiss francs	Total	credit risk framework	counterparty credit risk framework	market risk framework
1	Asset carrying value amount under regulatory scope of consolidation (as per Table LI1)	62,247.6	57,487.2	2,849.0	3,462.9
2	Liabilities carrying value amount under regulatory scope of consolidation (as per Table LI1)	7,488.4	0.0	2,836.2	4,966.7
3	Total net amount under regulatory scope of consolidation	54,759.2	57,487.2	12.8	– 1,491.4
4	Off-balance sheet amounts	18,793.9	2,333.4	0.0	0.0
6	Differences due to different netting rules, other than those already included in row 2	1,005.6	– 1,743.1	2,748.7	0.0
9	Other differences	– 265.5	– 265.5	0.0	0.0
10	Exposure amounts considered for regulatory purposes	74,293.3	57,812.0	2,761.5	– 1,491.4

LIA: Explanations of differences between accounting and regulatory exposure amounts

If a specific exposure is subject to capital requirements under more than one category, it must be reported in each corresponding column. As a result, the sum of the columns may be higher than the ‘Total’ column, although off-balance-sheet exposures may also be lower due to their conversion into the corresponding credit equivalents. The effects of the different offsetting and netting rules are shown in row 6 of Table LI2.

PV1: Prudent valuation adjustments (PVA)

LUKB made no prudential value adjustments either in the previous reporting period or as at the reporting date.

ENC: Encumbered and unencumbered assets

	a	b	c	d
Amounts in millions Swiss francs	Encumbered assets excluding central bank facilities	Central bank facilities	Unencumbered assets excluding central bank facilities	Total
Liquid assets	69.1	0.0	7,728.8	7,797.9
Amounts due from banks	198.5	0.0	460.1	658.6
Amounts due from clients	0.5	0.0	5,434.4	5,434.9
Mortgage loans	9,803.8	0.0	31,113.9	40,917.7
Trading activities	61.4	133.7	1,497.8	1,692.9
Financial investments	89.3	4,508.9	691.9	5,290.1
Intermediate total	10,222.5	4,642.6	47,016.6	61,881.7
Remaining assets	0.0	0.0	367.4	367.4
Total assets	10,222.5	4,642.6	47,384.0	62,249.1

The table of encumbered and unencumbered assets was introduced as part of the final Basel III standards and is now published for the second time after the interim financial statements. The encumbered assets consist of collateral provided for derivative transactions, mortgage loans encumbered for mortgage-backed loans, the obligation arising from the deposit insurance scheme with the SNB and securities financing transactions. Changes compared to the previous period (30 June 2025) mainly resulted from the newly implemented netting of the replacement values of derivative financial instruments against the collateral posted, provided that recognised and legally enforceable netting agreements exist.

All securities shown in column b) are eligible with the central bank (repo-eligible) and include both securities currently used in transactions and unencumbered securities.