Statement of Financial Condition
4. Collateralized Agreements (continued)
The following table presents information regarding the offsetting of these financial assets and
financial liabilities:
Financial Assets
Securities borrowed
Securities purchased
under agreements
to resell
Financial Liabilities
Securities loaned
Securities sold under
agreements to
repurchase
UBS Securities LLC
Notes to the Statement of Financial Condition (continued)
(In Thousands)
2
Gross Amounts
$ 12,631,841
26,628,706
5,300,151
18,894,141
Amounts Offset
on the Statement
of Financial
Condition 1
$
(11,226,487)
(11,226,487)
Net Amounts
Presented on the
Statement of
Financial Condition
$ 12,631,841
15,402,219
5,300,151
7,667,654
Cash or Financial
Instruments Not
Offset on the
Statement of
Financial Condition ²
$ (12,485,994)
(15,242,838)
(5,296,214)
(7,001,526)
Net Amount
$ 145,847
159,381
3,937
666,128
¹ Amounts relate to master netting agreements which have been determined by the Company to be legally enforceable in the
event of default and where certain other criteria are met in accordance with applicable offsetting accounting guidance ASC
210-20-45-11.
Amounts relate to master netting agreements or collateral arrangements which have been determined by the Company to be
not legally enforceable in the event of default and where certain criteria are not met in accordance with applicable offsetting
accounting guidance ASC 210-20-45-11; therefore, the amounts are not offset on the Statement of Financial Condition.
In the normal course of business, the Company obtains securities under resale agreements,
securities borrowed and custody agreements on terms that permit it to re-pledge or resell the
securities to others. At December 31, 2021, the Company obtained securities with a fair value of
approximately $101,042,957 on such terms, of which substantially all have been either pledged or
otherwise transferred to others in connection with the Company's financing activities or to satisfy
its commitments under short sales.
Repurchase Financings and Disclosures
The following tables below present gross obligations for repurchase agreements, securities loaned
transactions and obligations to return securities received as collateral remaining contractual
maturity and class of collateral pledged.
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