Company: WFC-PC
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0000072971-25-000201
Chunk: 48

Company: WELLS FARGO & COMPANY/MN
Filing Date: 2025-08-05
Form: 10-Q
Item: Item 1
Chunk 48
---
,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 risk and interest rate risk associated with the issuance of non-U.S. dollar denominated long-term debt. We also enter into futures contracts, forward contracts, and swap contracts to hedge our exposure to the price risk of physical commodities included in other assets on our consolidated balance sheet. In addition, we use interest rate swaps, cross-currency swaps, cross-currency interest rate swaps and forward contracts to hedge against changes in fair value of certain investments in AFS