{ "docId": "019dd923-5e88-73ef-bd57-fcc3cf532e42", "docSlug": "72c67d77b7b29fa0", "documentTitle": "ubs best of switzerland conference presentation", "authorId": "UBS", "authorName": "UBS", "documentKindSlug": "consulting-deck", "documentKindLabel": "Consulting deck", "sourceTypeSlug": "equity_research", "sourceTypeLabel": "Equity research", "presentationDate": null, "orientation": "portrait", "aspectRatio": 0.707, "pageNumber": 181, "pageCount": 446, "prevPage": 180, "nextPage": 182, "slideType": "appendix_disclosure", "function": "summarize", "density": "overcrowded", "nDataPoints": 4, "notes": "Page 175 of a financial report, likely UBS.", "elementsJson": [ "paragraph" ], "metadataConfidence": 1, "imagePath": null, "slideHref": "/slides/019dd923-5e88-73ef-bd57-fcc3cf532e42/181", "deckHref": "/decks/019dd923-5e88-73ef-bd57-fcc3cf532e42", "deckJsonHref": "/decks/019dd923-5e88-73ef-bd57-fcc3cf532e42.json", "deckAnchorHref": "/decks/019dd923-5e88-73ef-bd57-fcc3cf532e42#slide-181", "components": [ { "bbox": { "h": 0.04, "w": 0.42, "x": 0.51, "y": 0.63 }, "kind": "callout", "text": "Refer to \"Guarantees, loan commitments and similar arrangements\" in this section for more information", "attrs": null, "subkind": "primary", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "fd8e4a0b-026c-40b5-8cf0-cc603b2a52ca", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.25, "w": 0.03, "x": 0.95, "y": 0.35 }, "kind": "legend", "text": "Risk, capital, liquidity and funding, and balance sheet", "attrs": null, "subkind": null, "toolName": null, "toolSlug": null, "confidence": null, "componentId": "5fb59368-f391-411e-b8a0-3505278573e0", "frameworkName": null, "frameworkSlug": null }, { "bbox": null, "kind": "metric", "text": "CHF: 6 billion", "attrs": null, "subkind": "primary", "toolName": "Quantification", "toolSlug": "quantification", "confidence": null, "componentId": "019dd952-41a8-71cc-b875-d2bb582d3fbc", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.24, "w": 0.42, "x": 0.51, "y": 0.09 }, "kind": "paragraph", "text": "Deposit insurance: Swiss banking law and the deposit insurance system require Swiss banks and securities dealers to jointly guarantee an amount of up to CHF 6 billion for privileged client deposits in the event that a Swiss bank or securities dealer becomes insolvent. As of 31 December 2021, FINMA estimates our share in the deposit insurance system to be CHF 0.9 billion. This represents a contingent payment obligation and exposes us to additional risk. As of 31 December 2021, we considered the probability of a material loss from our obligations to be remote. UBS is also subject to, or is a member of, other deposit protection schemes in other countries. However, no contingent payment obligation existed as of 31 December 2021 from any other material scheme.", "attrs": null, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "36101f9b-3485-420d-bd2c-1093991d0cc9", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.28, "w": 0.42, "x": 0.51, "y": 0.34 }, "kind": "paragraph", "text": "Material cash requirements: The Group's material cash requirements as of 31 December 2021 are represented by the residual contractual maturities for non-derivative and non-trading financial liabilities included in the table presented in \"Note 24 Maturity analysis of financial liabilities\" in the \"Consolidated financial statements\" section of this report. Included in the table are debt issued designated at fair value (USD 82 billion) and long-term debt issued measured at amortized cost (USD 106 billion). The amounts represent estimated future interest and principal payments on an undiscounted basis. In the normal course of business, we also issue or enter into various forms of guarantees, loan commitments and other similar arrangements that may result in an outflow of cash in the future. The maturity profile of these obligations, which are presented off-balance sheet, are included in \"Note 24 Maturity analysis of financial liabilities\" in the \"Consolidated financial statements\" section of this report.", "attrs": null, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "7359c25f-95d0-4ac3-ba6a-fc290e85de6a", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.24, "w": 0.42, "x": 0.07, "y": 0.09 }, "kind": "paragraph", "text": "For certain obligations we enter into partial sub-participations to mitigate various risks from guarantees and loan commitments. A sub-participation is an agreement by another party to take a share of the loss in the event that the obligation is not fulfilled by the obligor and, where applicable, to fund a part of the credit facility. We retain the contractual relationship with the obligor, and the sub-participant has only an indirect relationship. We only enter into sub-participation agreements with banks to which we ascribe a credit rating equal to or better than that of the obligor. We also provide representations, warranties and indemnifications to third parties in the normal course of business.", "attrs": null, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "c2524474-d9be-4d1b-8400-765e031d2852", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.15, "w": 0.42, "x": 0.07, "y": 0.43 }, "kind": "paragraph", "text": "Clearing house and exchange memberships: We are a member of numerous securities and derivative exchanges and clearing houses. In connection with some of these memberships, we may be required to pay a share of the financial obligations of another member who defaults, or we may be otherwise exposed to additional financial obligations. While the membership rules vary, obligations generally would arise only if the exchange or clearing house had exhausted its resources. We consider the probability of a material loss due to such obligations to be remote.", "attrs": null, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "c8641973-6931-4255-bc9c-7b346766db3c", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.08, "w": 0.42, "x": 0.07, "y": 0.34 }, "kind": "paragraph", "text": "Support provided to non-consolidated investment funds: In 2021, the Group did not provide material support, financial or otherwise, to unconsolidated investment funds when the Group was not contractually obligated to do so, nor does it have an intention to do so.", "attrs": null, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "df8de6f2-2cb5-4e66-8e12-cc5fcb0b9b59", "frameworkName": null, "frameworkSlug": null } ], "metrics": [], "tools": [], "frameworks": [], "arcBeats": [ { "to": 446, "from": 81, "beatId": "0b1398a4-916e-492f-856a-8d8a0f442792", "arcName": "Monroe's Motivated Sequence", "arcSlug": "monroes-sequence", "beatName": "Action", "beatSlug": "monroes-sequence-action", "evidence": "The document concludes with detailed financial and operating performance data, and risk management information.", "position": 3, "confidence": 0.8, "parentBeatName": "Resolution", "parentBeatSlug": "resolution" } ], "loops": [], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }