{
  "docId": "019dd923-5e88-73ef-bd5b-8e5933d78ad2",
  "docSlug": "cbd44e3e897e6a47",
  "documentTitle": "20240220 Barclays FY2023 FI Call Slides",
  "authorId": "Barclays",
  "authorName": "Barclays",
  "documentKindSlug": "consulting-deck",
  "documentKindLabel": "Consulting deck",
  "sourceTypeSlug": "equity_research",
  "sourceTypeLabel": "Equity research",
  "presentationDate": null,
  "orientation": "landscape",
  "aspectRatio": 1.778,
  "pageNumber": 18,
  "pageCount": 27,
  "prevPage": 17,
  "nextPage": 19,
  "slideType": "financial_analysis",
  "function": "quantify_impact",
  "density": "dense",
  "nDataPoints": 14,
  "notes": "The chart combines a line graph for yields/rates and a bar chart for income, with a focus on the 'locked in' income portion for 2024-2026.",
  "elementsJson": [
    "headline_text",
    "bar_chart_stacked",
    "line_chart",
    "callout_box",
    "footnote"
  ],
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019dd923-5e88-73ef-bd5b-8e5933d78ad2/18",
  "deckHref": "/decks/019dd923-5e88-73ef-bd5b-8e5933d78ad2",
  "deckJsonHref": "/decks/019dd923-5e88-73ef-bd5b-8e5933d78ad2.json",
  "deckAnchorHref": "/decks/019dd923-5e88-73ef-bd5b-8e5933d78ad2#slide-18",
  "components": [
    {
      "bbox": {
        "h": 0.15,
        "w": 0.15,
        "x": 0.82,
        "y": 0.22
      },
      "kind": "callout",
      "text": "Gross contribution resilient to marginal changes in rates and notionals",
      "attrs": null,
      "subkind": "primary",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "29f052dc-db2c-4009-87c9-58f713f868e2",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.1,
        "w": 0.15,
        "x": 0.03,
        "y": 0.75
      },
      "kind": "callout",
      "text": "Two-thirds of gross hedge income within Barclays UK",
      "attrs": null,
      "subkind": "primary",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "6f86d4e1-0df9-4f81-b56a-e279ba9769c2",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.3,
        "w": 0.7,
        "x": 0.15,
        "y": 0.55
      },
      "kind": "chart",
      "text": "Gross Structural Hedge income (£bn) from 2019 to 2026",
      "attrs": null,
      "subkind": "bar-stacked",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "1177e350-bec6-4bc3-97c5-b20ffd8d88c8",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.3,
        "w": 0.7,
        "x": 0.15,
        "y": 0.2
      },
      "kind": "chart",
      "text": "Average hedge yield and 5-year swap rate trends",
      "attrs": null,
      "subkind": "line",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "92de7378-63c1-44f1-9382-edd940ffc96c",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": null,
      "kind": "metric",
      "text": "Gross Structural Hedge income: £3.8bn",
      "attrs": null,
      "subkind": "primary",
      "toolName": "Quantification",
      "toolSlug": "quantification",
      "confidence": null,
      "componentId": "019dd952-1040-743d-aac2-34b2dbb65613",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.05,
        "w": 0.9,
        "x": 0.02,
        "y": 0.95
      },
      "kind": "source-note",
      "text": "Gross hedge income divided by period end hedge notional | UK Pound Sterling SONIA OIS Zero 5 Year Point | Refers to the impact to NII of hedges that have already been executed | We expect to roll around three quarters",
      "attrs": null,
      "subkind": null,
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "4bce5ba3-fca9-4274-baee-cb73e712eaaa",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.05,
        "w": 0.5,
        "x": 0.02,
        "y": 0.05
      },
      "kind": "title",
      "text": "Income: predictable uplift from the structural hedge",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "e844df53-1def-4075-9cbc-a28273efdbec",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [
    {
      "name": "Action Titles",
      "slug": "action-titles",
      "agent": "Architect",
      "layer": "slide",
      "matchId": "019dd95a-187f-7312-b7ac-d5f79787b8c8",
      "evidence": "Title 'Income: predictable uplift from the structural hedge'",
      "confidence": 82
    },
    {
      "name": "Concrete Language",
      "slug": "concrete-language",
      "agent": "Storyteller",
      "layer": "slide",
      "matchId": "019dd95a-187f-7312-b7ac-daa8e6001365",
      "evidence": "£3.8bn FY24 already locked-in",
      "confidence": 78
    },
    {
      "name": "So What? Test",
      "slug": "so-what-test",
      "agent": "Architect",
      "layer": "slide",
      "matchId": "019dd95a-187f-7312-b7ac-df77986d2faf",
      "evidence": "Callout 'Gross contribution resilient to marginal changes in rates and notionals'",
      "confidence": 72
    }
  ],
  "frameworks": [],
  "arcBeats": [
    {
      "to": 19,
      "from": 14,
      "beatId": "019dd95a-07a6-74c7-9027-ff2d068b9568",
      "arcName": "The Consultant's Gambit",
      "arcSlug": "consultants-gambit",
      "beatName": "Evidence & Proof",
      "beatSlug": "consultants-gambit-evidence-proof",
      "evidence": "Capital buffers, MREL, deposits, LCR, hedge income, ratings target",
      "position": 4,
      "confidence": 58,
      "parentBeatName": "Evidence",
      "parentBeatSlug": "evidence"
    },
    {
      "to": 19,
      "from": 10,
      "beatId": "019dd95a-07a6-74c7-9028-09ab7285c19e",
      "arcName": "The Triple Take",
      "arcSlug": "triple-take",
      "beatName": "The Action (Now What)",
      "beatSlug": "triple-take-the-action-now-what",
      "evidence": "Balance-sheet deep dive supporting the buy-and-hold thesis",
      "position": 3,
      "confidence": 52,
      "parentBeatName": "Resolution",
      "parentBeatSlug": "resolution"
    }
  ],
  "loops": [
    {
      "to": 18,
      "from": 16,
      "name": "Pattern Hunter",
      "slug": "02-pattern-hunter",
      "bestFor": "Time-pressed audiences, building consensus, when data is strong",
      "matchId": "019dd95a-08f7-737a-a002-b83d0fa4c569",
      "evidence": "p16 deposit segmentation, p17 161% LCR with 78% cash, p18 £3.8bn structural hedge — three proofs",
      "position": 6,
      "objective": "Multiple liquidity/income evidence points converge on 'robust balance sheet'",
      "structure": "Evidence A -> Evidence B -> Evidence C -> Pattern/Conclusion",
      "confidence": 68,
      "description": "Group multiple pieces of evidence that together point to a pattern or conclusion"
    }
  ],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}