Statement of Financial Condition
UBS Securities LLC
Notes to the Statement of Financial Condition (continued)
(In Thousands)
7. Derivative Instruments
The table below presents the notional and fair value amounts of the Company's derivative activity
recorded in Financial instruments owned, at fair value and Financial instruments sold, not yet
purchased, at fair value on the Company's statement of financial condition. Notional amounts are
disclosed on a gross basis.
Equity contracts
Interest rate contracts
$
Notional (¹)
180,622 $
5,932,562
6,113,184 $
Fair Value
Derivative
Assets
11,152 $
4,652
15,804 $
Fair Value
Derivative
Liabilities
11,153
4,800
15,953
(¹) Represents the total notional amount of derivative assets and liabilities outstanding.
8. Employee Benefit Plans
The Company participates with affiliates in a non-contributory defined benefit pension plan
(including a Supplemental Executive Retirement plan), which is sponsored by the Parent and
provides retirement benefits to eligible employees. This plan was closed to new participants in
2001.
The Company also participates in a Parent sponsored post-retirement medical plan. Retiree
medical premiums are subsidized for eligible employees who retired prior to 2014. The post-
retirement medical plan is funded on a pay-as-you-go basis.
The Company also participates in a defined contribution 401(k) plan of the Parent that provides
retirement benefits to eligible employees.
Under the defined contribution 401(k) plan, participants may contribute a portion of their eligible
compensation with the Company matching some portion of those contributions. The Company's
matching contributions to each participant is limited to an annual amount of $8.
Eligible participants may also receive a retirement contribution under the defined contribution
401(k) plan equal to 2.0% - 3.5% of eligible compensation depending on a participant's date of
employment and compensation level. Contributions are subject to certain limitations prescribed by
the Internal Revenue Code.
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