Company: WFC-PC
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0000072971-25-000201
Chunk: 166

Company: WELLS FARGO & COMPANY/MN
Filing Date: 2025-08-05
Form: 10-Q
Item: Item 11
Chunk 166
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  Exchange traded399 453 301 327  Total commodity contracts2,787 2,674 2,237 1,448  Equity contracts OTC7,702 11,338 6,139 9,977  Exchange traded9,565 6,567 7,195 4,271  Total equity contracts17,267 17,905 13,334 14,248  Foreign exchange contracts OTC50,418 48,774 51,541 50,654  Total foreign exchange contracts50,418 48,774 51,541 50,654  Credit contracts OTC101 70 91 46  Total credit contracts101 70 91 46 Total derivatives subject to enforceable master netting arrangements, gross94,350 94,602 94,692 95,429  Less: Gross amounts offset Counterparty netting (1)(68,759)(68,511)(69,080)(68,945) Cash collateral netting(5,253)(17,016)(9,617)(14,069)Total derivatives subject to enforceable master netting arrangements, net20,338 9,075 15,995 12,415 Derivatives not subject to enforceable master netting arrangements3,574 3,473 4,017 3,920 Total derivatives recognized in consolidated balance sheet, net23,912 12,548 20,012 16,335  Non-cash collateral(4,405)(1,783)(4,024)(2,853)Total derivatives, net$19,507 10,765 15,988 13,482 (1)Represents amounts with counterparties subject to enforceable master netting arrangements that have been offset in our consolidated balance sheet, including portfolio level valuation adjustments related to customer accommodation and other trading derivatives. These valuation adjustments were primarily related to interest rate and foreign exchange contracts. Table 11.7 and Table 11.8 present information related to derivative valuation adjustments.Fair Value and Cash Flow HedgesFor fair value hedges, we use interest rate swaps to convert certain of our fixed-rate long-term debt and time certificates of deposit to floating rates to hedge our exposure to interest rate risk. We also enter into cross-currency swaps, cross-currency interest rate swaps and forward contracts to hedge our exposure to foreign currency