18 Derivative financial instruments
in CHF 1,000 | Positive replacement values | Negative replacement values | Contract volumes |
Interest-rate instruments | |||
Swaps | 158 | 7,000 | |
Total interest-rate instruments 31.12.2025 | 0 | 158 | 7,000 |
Foreign currencies | |||
Forward contracts | 2,821 | 1,862 | 288,038 |
Combined interest-rate/currency swaps | 12,331 | 11,465 | 4,581,435 |
Options (OTC) | 6,003 | 6,003 | 450,215 |
Total foreign currencies 31.12.2025 | 21,155 | 19,330 | 5,319,688 |
Equity securities/indices | |||
Options (OTC) | 2,429 | 2,429 | 160,061 |
Total equity securities/indices 31.12.2025 | 2,429 | 2,429 | 160,061 |
Precious metals | |||
Forward contracts | 19 | 20 | 2,232 |
Swaps | 875 | 5,163 | |
Options (OTC) | 432 | 432 | 19,228 |
Total precious metals 31.12.2025 | 1,326 | 452 | 26,623 |
Total derivative financial instruments 31.12.2025 | 24,910 | 22,369 | 5,513,372 |
The fair value for derivative financial instruments without market value is determined using recognised models. These valuation models take account of the relevant parameters such as contract specifications, the market price of the underlying security, the yield curve and volatility.
in CHF 1,000 | Positive replacement values | Negative replacement values | Contract volumes |
Interest-rate instruments | |||
Swaps | 413 | 22,000 | |
Total interest-rate instruments 31.12.2024 | 0 | 413 | 22,000 |
Foreign currencies | |||
Forward contracts | 10,341 | 1,214 | 353,867 |
Combined interest-rate/currency swaps | 69,211 | 10,038 | 3,561,846 |
Options (OTC) | 5,898 | 5,901 | 508,250 |
Total foreign currencies 31.12.2024 | 85,450 | 17,153 | 4,423,963 |
Equity securities/indices | |||
Options (OTC) | 734 | 723 | 98,802 |
Total equity securities/indices 31.12.2024 | 734 | 723 | 98,802 |
Precious metals | |||
Forward contracts | 308 | 70 | 16,600 |
Options (OTC) | 356 | 356 | 24,917 |
Total precious metals 31.12.2024 | 664 | 426 | 41,517 |
Total derivative financial instruments 31.12.2024 | 86,848 | 18,715 | 4,586,282 |